Sphere Entertainment Co. (SPHR)

Sphere Entertainment Co. Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	1,220	1,072	573.83	610.06	647.51
Revenue Growth (YoY)	13.77%	86.89%	-5.94%	-5.78%	-54.91%
Cost of Revenue	589.98	605.99	340.54	318.99	257.27
Gross Profit	630.07	466.41	233.3	291.06	390.24
Selling, General & Admin	441.92	517.73	455.07	421.86	301.89
Other Operating Expenses	-	8.07	-	-	-
Operating Expenses	778.33	856.26	485.78	444.42	318.49
Operating Income	-148.26	-389.85	-252.49	-153.36	71.75
Interest Expense	-70.55	-114.78	-	-	-20.22
Interest & Investment Income	13.5	22.83	11.59	3.58	3.17
Earnings From Equity Investments	-	-0.24	-8.18	-4.86	-4.83
Other Non Operating Income (Expenses)	-2.27	1.61	-1.37	0.12	0.47
EBT Excluding Unusual Items	-207.58	-480.43	-250.45	-154.52	50.34
Merger & Restructuring Charges	-11.52	-10.33	-27.92	-13.4	-8.06
Impairment of Goodwill	-	-122.4	-	-	-
Gain (Loss) on Sale of Investments	-	-	547.68	-	1.25
Asset Writedown	-69.78	-	6.12	0.25	-
Other Unusual Items	346.09	-	-	-	-
Pretax Income	57.22	-613.16	275.43	-167.68	43.53
Income Tax Expense	23.81	-150.69	103.4	-29.83	38.91
Earnings From Continuing Operations	33.41	-462.47	172.03	-137.85	4.62
Earnings From Discontinued Operations	-	-	330.75	-56.55	-152.77
Net Income to Company	33.41	-462.47	502.77	-194.4	-148.15
Net Income	33.41	-462.47	502.77	-194.4	-148.15
Preferred Dividends & Other Adjustments	-	-	-	3.17	8.73
Net Income to Common	33.41	-462.47	502.77	-197.57	-156.88
Shares Outstanding (Basic)	36	36	35	34	34
Shares Outstanding (Diluted)	45	36	35	34	34
Shares Change (YoY)	26.32%	2.66%	1.97%	0.01%	-1.98%
EPS (Basic)	0.93	-12.90	14.51	-5.77	-4.60
EPS (Diluted)	0.74	-12.90	14.40	-5.77	-4.59
Free Cash Flow	243.35	-16.23	-1,021	-663.88	-549.59
Free Cash Flow Per Share	5.37	-0.45	-29.24	-19.38	-16.05
Gross Margin	51.64%	43.49%	40.66%	47.71%	60.27%
Operating Margin	-12.15%	-36.35%	-44.00%	-25.14%	11.08%
Profit Margin	2.74%	-43.12%	87.62%	-32.39%	-24.23%
Free Cash Flow Margin	19.95%	-1.51%	-178.00%	-108.82%	-84.88%
EBITDA	188.15	-59.39	-221.77	-130.8	193.75
EBITDA Margin	15.42%	-5.54%	-38.65%	-21.44%	29.92%
D&A For EBITDA	336.41	330.46	30.72	22.56	122
EBIT	-148.26	-389.85	-252.49	-153.36	71.75
EBIT Margin	-12.15%	-36.35%	-44.00%	-25.14%	11.08%
Effective Tax Rate	41.62%	-	37.54%	-	89.38%
Advertising Expenses	-	-	16.98	22.88	24.53

Updated Feb 12, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q