Sphere Entertainment Co. · NYSE:SPHR
Sphere Entertainment — Q1 2026 Earnings Presentation
8 slides from Sphere Entertainment's earnings presentation, May 5, 2026
Slide 1: Sphere Entertainment Co. Reports First Quarter 2026 Results
SPHERE ENTERTAINMENT CO. REPORTS FIRST QUARTER 2026 RESULTS NEW YORK, N.Y., May 5, 2026 - Sphere Entertainment Co. (NYSE: SPHR) (“Sphere Entertainment” or the “Company”) today reported financial results for the first quarter ended March 31, 2026. Recent highlights for the Company’s Sphere segment in
Slide 2: Sphere
Sphere For the first quarter 2026, the Sphere segment reported revenues of $266.0 million, an increase of $108.4 million, or 69%, as compared to the prior year quarter. Revenues related to The Sphere Experience increased $81.7 million as compared to the prior year quarter, which primarily reflected
Slide 3: About Sphere Entertainment Co.
About Sphere Entertainment Co. Sphere Entertainment Co. is a leader in immersive experiences, technology and media. The Company includes Sphere, an experiential medium powered by advanced technologies. The first Sphere opened in Las Vegas, with plans also announced for Sphere venues in Abu Dhabi and
Slide 4: Condensed Consolidated Statements of Operations
SPHERE ENTERTAINMENT CO. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) (Unaudited) Three Months Ended March 31, 2026 2025 Revenues .................................................................................................................................
Slide 5: Adjustments to Reconcile Operating Income (Loss) to Adjusted Operating Income (Loss)
SPHERE ENTERTAINMENT CO. ADJUSTMENTS TO RECONCILE OPERATING INCOME (LOSS) TO ADJUSTED OPERATING INCOME (LOSS) (In thousands) (Unaudited) The following is a description of the adjustments to operating income (loss) in arriving at adjusted operating income as described in this earnings release: • Shar
Slide 6: Business Segment Results
SPHERE ENTERTAINMENT CO. SEGMENT RESULTS (In thousands) (Unaudited) BUSINESS SEGMENT RESULTS Three Months Ended March 31, 2026 Sphere MSG Networks Total Revenues .......................................................................................... $ 265,965 $ 120,447 $ 386,412 Operating expense
Slide 7: Condensed Consolidated Balance Sheets
SPHERE ENTERTAINMENT CO. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except per share data) (Unaudited) As of March 31, December 31, 2026 2025 ASSETS Current Assets: Cash, cash equivalents, and restricted cash $ 630,151 $ 521,264 Accounts receivable, net 181,549 171,630 Related party receiv
Slide 8: Selected Cash Flow Information
SPHERE ENTERTAINMENT CO. SELECTED CASH FLOW INFORMATION (In thousands) (Unaudited) Three Months Ended March 31, 2026 2025 Net cash provided by operating activities ....................................................................................... $ 136,241 $ 6,348 Net cash used in investing act