Sphere Entertainment Co SEC Filings

Ariel Investments, LLC filed an amended Schedule 13G (Amendment No. 12) reporting a passive stake in Sphere Entertainment Co (SPHR). As of 09/30/2025, Ariel beneficially owned 5,994,239 shares of Class A common stock, representing 20.6% of the class. Ariel reported sole voting power over 5,340,929 shares and sole dispositive power over 5,994,239 shares, with no shared voting or dispositive power.

The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. Ariel also disclosed that Ariel Fund holds 2,426,809 shares, which reflects an economic interest exceeding 5% of the class.

Sphere Entertainment (SPHR) filed a Form 144 notice for a proposed sale of 4,617 Class A shares through Fidelity Brokerage Services LLC on the NYSE, with an approximate sale date of 11/12/2025. The filing lists an aggregate market value of $370,884.07 for the shares to be sold.

The shares were acquired on 09/15/2024 via restricted stock vesting from the issuer as compensation. Shares outstanding were 28,447,507 at the time stated in the form. A Form 144 is a notice of a planned sale by a shareholder under Rule 144 and does not, by itself, execute a transaction.

Sphere Entertainment (SPHR) filed a Form 144 indicating a planned sale of 8,500 Class A shares through Fidelity Brokerage Services on the NYSE. The filing lists an aggregate market value of $638,447.22 for the proposed sale and an approximate sale date of 11/07/2025.

The shares were acquired on 09/15/2024 via restricted stock vesting from the issuer as compensation. The notice also reports prior sales in the last three months by Andrea M. Greenberg: 17,620 shares on 09/11/2025 for $1,019,317.00, 8,500 shares on 09/18/2025 for $531,250.00, and 20,000 shares on 11/04/2025 for $1,415,848.25. Shares outstanding are listed as 28,447,507.

Morgan Stanley filed a Schedule 13G reporting beneficial ownership of 1,747,934 shares of Sphere Entertainment Co. Class A Common Stock, representing 6.0% of the class.

The filing lists shared voting power: 1,698,864 shares and shared dispositive power: 1,747,934 shares, with no sole voting or dispositive power. The Date of Event triggering the filing is 09/30/2025.

Morgan Stanley certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The filing is signed by an authorized signatory on 11/07/2025.

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.

SPHR: A holder filed a Form 144 notice to sell up to 20,000 Class A shares, with an aggregate market value of $1,415,848.25. The filing lists Fidelity Brokerage Services LLC as broker, an approximate sale date of 11/04/2025, and the NYSE as the exchange.

Shares outstanding were 29,132,663; this is a baseline figure, not the amount being offered. Recent sales disclosed for Andrea M. Greenberg include 17,620 shares on 09/11/2025 for $1,019,317.00 and 8,500 shares on 09/18/2025 for $531,250.00.

The shares to be sold were acquired via restricted stock vesting from the issuer on multiple dates, including 09/15/2018 (1,936), 08/26/2020 (8,209), 09/01/2020 (1), 09/15/2020 (5,056), and 09/15/2022 (4,798), with consideration noted as compensation.

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 (SPHR) reported a director equity grant on a Form 4. On 10/17/2025, director Ryan Dolan acquired 716 Restricted Stock Units (RSUs) under the company’s 2020 Employee Stock Plan at a price of $0.0 per unit. Each RSU represents a right to receive one share of Class A Common Stock or the cash equivalent.

The RSUs vest in three equal installments on March 15, 2026, March 15, 2027, and March 15, 2028. Following the transaction, Dolan beneficially owned 2,728 derivative securities, held directly.

Bank of Nova Scotia reports beneficial ownership of 1,756,613 shares of Sphere Entertainment Co. Class A common stock, representing 5.87% of the class. The filer reports sole voting and sole dispositive power over these shares and identifies itself as a parent holding company. The Schedule 13G filing indicates the holding is reported under the forms applicable to passive or institutional investors and notes that the foreign regulatory regime for the bank is substantially comparable to the U.S. equivalent. Other items in the filing—including group membership, ownership on behalf of another person, and subsidiary acquisition details—are marked not applicable.