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AI brief of an SEC Form 8-K · Sphere Entertainment (SPHR)

Sphere Entertainment revenue rises 38% to $386.4 million in first quarter

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanySphere Entertainment (SPHR)
Form8-K, current report
Filed with the SECMay 5, 2026, 7:33 AM ET
Accession number0001628280-26-030130

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 May 05, 2026.

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.