Every 10-Q that Sphere Entertainment Co. (SPHR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SPHR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SPHR filings page.
Sphere Entertainment Co. generated $313.6 million in revenue for the quarter ended June 30 2026, up from $282.7 million a year earlier, led by higher Sphere segment ticketing, sponsorship, and food and merchandise sales. The company recorded an operating loss of $61.3 million and a net loss of $38.3 million, compared with prior‑year net income of $151.8 million, when results benefited from a large debt extinguishment gain.
For the first six months of 2026, revenue rose to $700.1 million from $563.3 million and the operating loss narrowed to $54.1 million. Operating cash flow improved sharply to $102.6 million from a use of $52.7 million, lifting cash, cash equivalents and restricted cash to $552.0 million as of June 30 2026. Total debt principal was $649.4 million, including a new $275.0 million 2026 LV Sphere term loan and $258.8 million of 3.50% Convertible Senior Notes. MSG Networks had broadcast rights commitments of $662.7 million, and remaining performance obligations across the company totaled $347.6 million. A June 2026 court decision against insurance coverage for an MSG Networks settlement increased accrued litigation costs to approximately $25.9 million.
Sphere Entertainment Co. reported sharply improved results for the three months ended March 31, 2026. Revenue rose to $386,412 from $280,574, driven mainly by the Sphere segment, where ticketing, sponsorship, and food and beverage sales all increased meaningfully. MSG Networks revenue was relatively stable at $120,447 versus $123,029.
The company swung from an operating loss of $78,609 to operating income of $7,202. Net income was $4,460 compared with a prior-year net loss of $81,954, though net loss attributable to common stockholders was $1,593 after income attributable to participating securities. Cash, cash equivalents, and restricted cash increased to $630,151, supported by $136,241 of cash provided by operating activities versus $6,348 a year earlier.
The Sphere segment generated adjusted operating income of $74,290 vs. $13,147, while MSG Networks delivered $35,686 vs. $22,821, reflecting stronger event performance and cost control. The company refinanced its Las Vegas term loan with a new $275,000 2026 LV Sphere Term Loan Facility and put in place a $275,000 revolving credit facility, and continued to carry its MSG Networks term loan under troubled debt restructuring guidance.
Sphere Entertainment Co. (SPHR) reported third‑quarter 2025 results. Revenue rose to $262.5 million from $227.9 million a year ago, led by Sphere event activity. The company recorded an operating loss of $129.7 million and a net loss of $101.2 million, reflecting high depreciation and a $65.5 million line in impairments and other losses.
Within the quarter, MSG Networks recorded a non‑cash $65.4 million goodwill impairment after a quantitative test indicated carrying value exceeded fair value. Selling, general and administrative expenses declined year over year. Interest expense decreased versus last year, and interest income was lower.
For the nine months, revenue was $825.8 million (vs. $822.6 million). Results include a $346.1 million gain on extinguishment of debt, helping bring year‑to‑date income before taxes to $34.8 million and a net loss of $31.3 million. Cash and equivalents were $398.3 million as of September 30, 2025. The company repurchased $50.0 million of Class A shares and sold Stratford, London land for $48.8 million, recognizing a $3.7 million pre‑tax loss.
Sphere Entertainment Co. reported a quarter with a large, non-cash financial benefit that swung results to a profit. On a GAAP basis (amounts in thousands), the company recorded a $346,092 gain on extinguishment of debt related to the restructuring of MSG Networks’ term loan, which produced income from continuing operations of $151,816 for the three months ended June 30, 2025 and basic EPS of $4.18. Excluding that extinguishment gain, operating results remained weak: operating loss was $50,159 as depreciation and SG&A remained significant.
Balance sheet and liquidity changed materially: cash and restricted cash declined to $368,927 from $515,633, total assets fell to $4,199,061, and total stockholders' equity rose to $2,313,687 as the accumulated deficit narrowed. The company completed a refinancing under an amended MSGN credit agreement that replaced the prior facility with a $210,000 MSGN term loan (maturing 2029) and created contingent interest units; the carrying amount of the restructured MSGN loan under troubled debt guidance was $363,970. Material legacy items include a prior goodwill impairment of $61,200 for MSG Networks and significant future commitments, including broadcast rights totaling $861,131.