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SPHR

Sphere Entertainment Co.

SPHR

NYSE·Communication Services·Entertainment·Mkt cap $5.1B

$142.42

-0.41%

P/E

36.24

Mkt Cap

$5.1B

52-Wk Range

$49.22–$181.63

52-Week Range

$49.22 - $181.63

P/E

36.24

Fwd P/E

-63.06

Beta

1.63

Div Yield

0.00%

Avg Vol

732.5K

Shares Out

36.1M

Mkt Cap

$5.1B

Price action

Price chart

Up 161.7% over the trailing year

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Iconic venue portfolio with unmatched brand recognition and prime real estate locations in major markets
  • Diversified revenue streams from ticketing, food & beverage, merchandise, and sponsorships across multiple entertainment categories
  • Global entertainment dining brand portfolio with established market presence across five continents and 20 markets
  • Exclusive entertainment properties including Radio City Rockettes and established festival operations

Bear Case

1 risk

  • Above-average volatility (beta 1.6).

Growth

Profitability at risk

Expansion of live entertainment demand post-pandemic with increased consumer spending on experiences

Value

Deep value opportunity - significant discount to Leisure & Entertainment peers

Momentum

Stable

+3.6% over 3m

Quality

Strong

Strong fundamentals

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Nov 3, 2026

Q3 26 RECAP

JUL 30, 2026

Reported EPS of -$1.07 vs -$1.51 consensus (+29.1% surprise). Revenue of $313.6M vs $307.4M expected (+2.0%). Beat on both top and bottom lines.

EPS beat +29.1%
Rev beat +2.0%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Estimate

Actual

Q3 26

+29.1%

Revenue trend · last 8Q

-13%

-29%

-5%

+15%

+44%

-37%

Q4 24

Q1 24

Q2 24

Q3 25

Q4 25

Q1 25

Q2 25

Q4 26

$314.2M

$227.9M

$273.4M

$280.6M

$282.7M

$262.5M

$394.3M

$176.8M

Margins · last 8Q

Gross

79.8%

Operating

-32.9%

Profit

37.0%

Wall Street consensus

12 analysts · 92% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

11

92%

Hold

1

8%

Sell

0%

Median Price Target

Latest: Guggenheim · Sep 2, 2026

vs Industry

How SPHR stacks vs Entertainment

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.