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SPHR

Sphere Entertainment Co.

SPHR

NYSE·Communication Services·Entertainment·Mkt cap $6.1B

$163.79

▼ -3.15%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$37.89 - $174.60

P/E

-545.97

Fwd P/E

-72.52

Beta

1.65

Div Yield

0.00%

Avg Vol

718.7K

Shares Out

36.1M

Mkt Cap

$6.1B

Price action

Price chart

Up 298.0% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

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

Moderate growth ahead

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

Value

Deep value opportunity - significant discount to Leisure & Entertainment peers

Momentum

Hot

+32.9% over 3m

Quality

Strong

Excellent business quality

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: May 6, 2026

“
Q2 26 RECAP

MAY 5, 2026

Reported EPS of $0.01 vs -$0.31 consensus (+103.2% surprise). Revenue of $386.4M vs $313.4M expected (+23.3%). Beat on both top and bottom lines.

EPS beat +103.2%
Rev beat +23.3%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+103.2%

Next: May 6, 2026

Revenue trend · last 8Q

—

—

—

-13%

-29%

-5%

+15%

+44%

Q3 24

Q4 24

Q1 24

Q2 24

Q3 25

Q4 25

Q1 25

Q2 25

$321.3M

$314.2M

$227.9M

$273.4M

$280.6M

$282.7M

$262.5M

$394.3M

Margins · last 8Q

Gross

58.6%

Operating

7.3%

Profit

16.4%

View full earnings history →

Wall Street consensus

11 analysts · 91% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

10

91%

Hold

1

9%

Sell

0%

Median Price Target

$172.50

▲ +5.3% vs $163.79

Low $159.00
Median $172.50
High $190.00

Latest: Benchmark · Jun 18, 2026

4 analysts covering

View full analyst page →

vs Industry

How SPHR stacks vs Entertainment

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

Industry comparison data unavailable for this stock.