Nov 5, 7:33 AM ET
Sphere Entertainment reported third-quarter 2026 revenue of $274.3 million, up 4% from the prior year quarter, with Sphere segment revenue up 14% and MSG Networks revenue down 15%. The operating loss widened to $240.6 million, driven by a $177.6 million non-cash goodwill impairment at MSG Networks, and the net loss was $176.0 million, or $4.84 per share, compared with a $3.47 per share loss a year earlier.
- Revenue: $274.3 million, up $11.7 million or 4%; Sphere segment $198.9 million (up 14%), MSG Networks $75.4 million (down 15%)
- Operating loss: $240.6 million, versus $163.1 million a year earlier, including a $177.6 million goodwill impairment at MSG Networks
- Adjusted operating income: $39.2 million, up $2.8 million or 8%
- Net loss: $176.0 million, or $4.84 per share, versus $125.7 million or $3.47 per share a year earlier
Read the filing on SEC.gov ↗
Oct 27, 4:24 PM ET
Sphere Entertainment disclosed that its officers and directors overlap with several affiliated companies following the MSG Rangers distribution, including CEO James Dolan serving as chief executive of MSG Entertainment, MSG Knickerbockers and MSG Rangers. The filing states these overlaps could create conflicts of interest over acquisitions, commercial arrangements and stock ownership, and that the board adopted an overlap policy to extend existing protections to MSG Rangers roles.
- James L. Dolan is Executive Chairman and CEO of Sphere, MSG Entertainment, MSG Knickerbockers and MSG Rangers, and Non-Executive Chairman of AMC Global Media.
- Eight Sphere directors also serve on MSG Entertainment's board, nine on MSG Knickerbockers', five on MSG Rangers' and six on AMC Global Media's.
- Existing Overlap Provisions in Sphere's articles limit liability for overlapping directors and officers, and the board adopted an overlap policy extending these to MSG Rangers roles.
Read the filing on SEC.gov ↗
Jul 30, 7:39 AM ET
Sphere Entertainment reported second-quarter 2026 revenue of $313.6 million, up 11% from a year earlier, driven by the Sphere segment. The company posted an operating loss of $61.3 million, wider than the $50.2 million loss a year earlier, and adjusted operating income fell 17% to $50.9 million, so revenue growth did not carry through to profit for shareholders.
- Revenue rose $31.0 million, or 11%, to $313.6 million; Sphere segment revenue rose 29% to $226.4 million while MSG Networks revenue fell 18% to $87.3 million.
- Operating loss was $61.3 million versus $50.2 million a year earlier; adjusted operating income fell $10.5 million, or 17%, to $50.9 million.
- Net loss attributable to stockholders was $38.8 million, or $1.07 per diluted share, compared with net income of $151.8 million in the prior-year quarter, which included a $346.1 million gain on extinguishment of debt.
Read the filing on SEC.gov ↗
May 5, 7:33 AM ET
Sphere Entertainment reported first quarter 2026 revenue of $386.4 million, up 38% from a year earlier, and operating income of $7.2 million compared with an operating loss of $78.6 million in the prior-year quarter. The Sphere segment drove the gain, while MSG Networks revenue fell 2%. Diluted loss per share narrowed to $0.04 from $2.27.
- Total revenue was $386.4 million, up $105.8 million or 38% from the prior-year quarter.
- Operating income was $7.2 million versus an operating loss of $78.6 million a year earlier; adjusted operating income was $110.0 million, up $74.0 million.
- Diluted loss per share attributable to stockholders was $(0.04) versus $(2.27) a year earlier.
- Sphere segment revenue rose 69% to $266.0 million, while MSG Networks revenue declined 2% to $120.4 million.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.