Every 8-K 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 8-K covers material events a company has to report between its quarterly 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. reported second-quarter 2026 results for the period ended June 30, 2026. Revenues were $313.6 million, an increase of $31.0 million, or 11%, from the prior-year quarter. The company recorded an operating loss of $61.3 million, 22% higher year over year, and adjusted operating income of $50.9 million, down 17%.
The Sphere segment generated Q2 revenues of $226.4 million, up 29%, with adjusted operating income of $39.9 million, up 60%, while MSG Networks revenues declined to $87.3 million. Net loss attributable to stockholders was $38.8 million, or $(1.07) per diluted share, compared with net income of $151.8 million, or $3.39 per diluted share, a year earlier.
For the first six months of 2026, revenues totaled $700.1 million and adjusted operating income $160.9 million. Net cash provided by operating activities was $102.6 million, compared with net cash used of $52.7 million in the prior-year period. The company ended June 30, 2026 with $552.0 million in cash, cash equivalents and restricted cash.
Sphere Entertainment Co. reported the final voting results from its 2026 annual meeting of stockholders held on June 10, 2026. Class A stockholders were entitled to one vote per share and Class B stockholders to ten votes per share. All named director nominees received majority support, with Class B stockholders electing eleven directors, each receiving 68,667,540 votes in favor and none withheld. One proposal received 93,553,873 votes for, 46,648 against and 69,880 abstentions. Another non-binding, advisory Proposal 3 passed with 85,248,065 votes for and 5,299,126 against. In a related vote on whether a matter should be considered every one, two or three years, 77,957,012 votes supported a three-year schedule compared with 12,574,218 votes for one year.
Sphere Entertainment Co. reported a sharply improved first quarter 2026. Revenue reached $386.4 million, up 38% from the prior-year quarter, driven mainly by the Sphere segment, where revenue rose to $266.0 million, a 69% increase. MSG Networks revenue was $120.4 million, slightly below last year.
The Company generated operating income of $7.2 million versus a loss of $78.6 million a year ago, while adjusted operating income rose to $110.0 million from $36.0 million. Net income was $4.5 million, though stockholders recorded a small net loss of $1.6 million, or $(0.04) per share, compared with $(2.27) per share last year. Cash, cash equivalents, and restricted cash increased to $630.2 million, supported by $136.2 million of operating cash flow.
Sphere Entertainment Co. reported sharply improved results for the fourth quarter and full year 2025. Fourth-quarter revenue was $394.3 million, up 28% year over year, with net income attributable to stockholders of $57.6 million versus a prior-year loss. Full-year revenue reached $1,220.0 million, up 8%, while the operating loss narrowed to $229.6 million from $372.3 million. Adjusted operating income rose to $128.0 million in Q4 and $261.8 million for the year, an increase of 138%.
The Sphere segment drove growth, with Q4 revenue of $274.2 million, up 62%, and full-year revenue of $781.4 million, up 27%, though it still posted an operating loss. MSG Networks revenue declined. Cash provided by operating activities jumped to $243.3 million from $69.4 million. Management highlighted progress expanding the Sphere concept, including a planned smaller-scale venue at National Harbor, strong ticket sales for The Wizard of Oz at Sphere, repeat CES keynote usage, and new multi-year sponsorships.
Sphere Entertainment Co., through its subsidiary MSG Las Vegas, LLC, entered into new senior secured credit facilities with JPMorgan Chase and a lender group. The deal provides a $275 million term loan to refinance the existing term loan and a $275 million revolving credit facility for working capital and general corporate purposes, including possible distributions to Sphere Entertainment Group.
The facilities are guaranteed by Sphere Entertainment Group and secured by all MSG LV assets, including its leasehold interest in the Las Vegas Sphere site and a pledge of MSG LV equity. Key covenants require a minimum debt service coverage ratio of 2.50:1.00 and a maximum total leverage ratio of 3.50:1.00, tested quarterly. The facilities mature on January 29, 2031, with 5% annual amortization on the term loan beginning after the second anniversary. Interest is floating, based on Term SOFR or an alternative base rate plus leverage-based margins, and includes mandatory prepayments from certain insurance or condemnation proceeds, alongside customary restrictions on additional debt, liens, investments, dividends under specified conditions, affiliate transactions, mergers and other major actions.
Sphere Entertainment Co. announced that its Board appointed Christopher Winters, 45, as Senior Vice President, Controller and Principal Accounting Officer, effective November 24, 2025. This role gives him primary responsibility for the company’s accounting and financial reporting functions.
Under his employment agreement, Mr. Winters will receive an annual base salary of $400,000 or more and will be eligible for an annual bonus targeted at 40% of base salary, with a pro-rated discretionary bonus for the period from July 1, 2025 through December 31, 2025. He is expected to receive annual long‑term incentive awards with an aggregate target value of at least $330,000, with a target of $287,500 for the fiscal year starting January 1, 2026. The agreement includes severance protections if he is terminated without cause or resigns for good reason before the third anniversary of his start date, as well as noncompetition covenants following any termination.
Sphere Entertainment Co. (SPHR) furnished an update on its business by announcing financial results for its third quarter ended September 30, 2025. The company shared the details via a press release attached as Exhibit 99.1.
The disclosure was provided under Item 2.02 and is furnished, not filed, meaning it is not subject to Section 18 liabilities of the Exchange Act and is not incorporated by reference into other filings.
Sphere Entertainment Co. reported that Gregory Brunner, Senior Vice President, Controller and Principal Accounting Officer, resigned on September 22, 2025, effective October 17, 2025. The company states that his resignation is not due to any disagreement with management or the independent auditors over accounting principles, financial disclosures, or internal controls.
Starting October 17, 2025, Robert Langer, Executive Vice President, Chief Financial Officer and Treasurer, will also serve as the interim principal accounting officer until a permanent replacement is named.
Sphere Entertainment Co. reported that Andrea Greenberg, President & Chief Executive Officer of its subsidiary MSG Networks Inc., left the subsidiary on September 2, 2025 after her employment agreement expired on September 1, 2025. Subject to her signing and not revoking a release agreement, she will receive full vesting of restricted and performance stock units scheduled to vest on September 15, 2025, a cash payment equal to her 2025 target bonus in place of any bonus under the Company’s Management Performance Incentive Plan for the fiscal year ended December 31, 2025, and a waiver of the non-compete covenant in her employment agreement.
Sphere Entertainment Co. announced that it has reported its financial results for the second quarter ended June 30, 2025 and has furnished a press release containing that announcement as Exhibit 99.1 to this Form 8-K. The filing does not include the company’s financial tables or metrics within the body of the 8-K itself.
The company states the information provided in Item 2.02 and Exhibit 99.1 is being furnished (not "filed") for purposes of the Exchange Act and therefore is not subject to Section 18 liabilities nor incorporated by reference into other filings. The registrant’s trading symbol appears as SPHR on the New York Stock Exchange.
Sphere Entertainment Co. (NYSE: SPHR) filed an 8-K to disclose the closing of a comprehensive debt restructuring and related agreements for its wholly-owned subsidiary MSG Networks Inc. and the direct borrower MSGN Holdings, L.P. (the “Borrower”). The centerpiece is a $210 million senior secured term loan maturing December 2029 that replaces the 2019 credit facility in its entirety. The new loan carries interest at SOFR + 5.00% and requires fixed amortization of $10 million per quarter beginning Q3-25, plus a 100% excess-cash sweep each quarter. SPHR contributed $15 million of equity on the 27 June 2025 effective date, allowing the Borrower to make an $80 million cash payment to lenders on closing.
The facility is backed by guarantees from the holding entities and all existing and future domestic subsidiaries of the Borrower, with a full security package that pledges equity interests and other assets. Sphere Entertainment Group and its non-credit subsidiaries are expressly excluded from repayment obligations and collateral pledges.
Covenants are broadly restrictive, limiting additional debt, liens, dividends, affiliate transactions, asset sales and other corporate actions, while allowing voluntary prepayments at par (subject to standard breakage).
Parallel agreements were executed to bolster liquidity and align incentives:
- Investor Agreement: SPHR forgives intercompany service balances through 30 June 2025, will continue to provide shared services at a reduced rate through 2029 and formally includes the Borrower in SPHR’s consolidated U.S. tax group.
- Amended LPA: Lenders received Contingent Interest Units that, after the term loan is fully repaid, give them 50% of excess cash (above agreed cushions) and 50% of M&A proceeds, in each case capped at $100 million through 2029.
- Media-rights amendments: Annual rights fees to the New York Knicks and New York Rangers are reduced by 28% and 18%, respectively, escalators are removed, and contract terms now end after the 2028-29 season with MSG Networks retaining a right of first refusal.
- MSG Networks issued penny warrants to MSG Sports covering 19.9% of its common stock.
Overall, the transaction extends debt maturities by roughly four and a half years, injects fresh equity, lowers near-term cash interest on a smaller principal balance, and meaningfully reduces sports-rights cash outflows, albeit at the cost of tighter covenants, a high spread over SOFR, and potential future cash sharing and equity dilution.