The financials
Sphere Entertainment Co. by the numbers
Sphere Entertainment Co. (SPHR) reported revenue of $314M in Q2 2027 (quarter ended June 30, 2026), up 11% from the same quarter a year earlier. That came with a gross margin of 52% and net loss of $38M. For the full year FY2026, revenue was $1.22B (+19% year on year) and net income $33M. Its largest product in 2026-Q2 was Ticketing And Venue License Fee at $150M, 67% of the disclosed total, just ahead of Food Beverage And Merchandise at 16%.
| Income statement | Q2 2027 | Q2 2026 | Change |
|---|---|---|---|
| Revenue | $314M | $283M | +11% |
| Gross profit | $163M | $151M | +7.4% |
| Operating income | −$61M | −$50M | n/a |
| Net income | −$38M | $152M | to a loss |
| Diluted EPS | −$1.07 | $3.39 | to a loss |
| Product | Revenue | Share |
|---|---|---|
| Ticketing And Venue License Fee | $150M | 67% |
| Food Beverage And Merchandise | $36M | 16% |
| Sponsorship Signage Exosphere Advertising And Suite Licenses | $35M | 15% |
| Product And Service Other | $5.0M | 2.2% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $225.9M (-15%)
Sponsorship Signage Exosphere Advertising And Suite Licenses grew +54% year on yearTicketing And Venue License Fee +28% year on year
Segment Latestquarter on quarteryear on year
- Ticketing And Venue License Fee$150.2M$150.2MQoQ -24%year on year +28%-24%+28%
- Food Beverage And Merchandise$36.0M$36.0MQoQ +6.6%year on year +29%+6.6%+29%
- Sponsorship Signage Exosphere Advertising And Suite Licenses$34.8M$34.8MQoQ +28%year on year +54%+28%+54%
- Product And Service Other$5.0M$5.0MQoQ -23%year on year --23%-
- Event Related--QoQ -year on year ---
- Media Networks$0.00$0.00QoQ -year on year ---
- Media Related Primarily From Affiliation Agreements--QoQ -year on year ---