Sphere Entertainment Q3 revenue rises 15% to $262.5 million; operating loss widens
Sphere Entertainment reported third-quarter 2025 revenue of $262.5 million, up 15% from a year earlier, driven by the Sphere segment, which rose 37% to $174.1 million. The operating loss widened to $129.7 million, including $65.5 million of impairments and other losses, while the net loss narrowed to $101.2 million, or $2.80 per share, from $105.3 million, or $2.95 per share, a year earlier.
Key points
- Total revenue was $262.5 million, up $34.6 million, or 15%; MSG Networks revenue fell 12% to $88.4 million.
- Operating loss was $129.7 million, compared with $117.6 million a year earlier, including $65.5 million in impairments and other losses.
- Net loss was $101.2 million, or $2.80 per share, versus $105.3 million, or $2.95 per share, in the prior-year quarter.
- The company repurchased about $50 million of Class A common stock in the quarter and has about $300 million remaining under its authorization.
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.