NYSE$SPHR

Sphere Entertainment Co · Q1 2026 earnings

Q1 2026 earnings · · Before market open · Investor relations

Briefing

Sphere Entertainment reported Q1 2026, revenue of $266M, net income of $4.5M.

For Q1 2026, Sphere Entertainment reported revenue of $266M, net income of $4.5M. Management discussed operating trends, liquidity, and priorities as disclosed in the quarterly filing.

  • Revenue $266M.
  • Net income $4.5M.
  • Sphere Entertainment updated strategic and capital priorities in the filing.

Headline financials

Total Revenue

$386M

Previous: $228M+69.5%
EPS (adj)

-$2.80

Previous: -$2.27-23.3%
Adjusted Operating Income

$36.4M

Previous: -$10.2M+456.7%
Net Income

$4.46M

Previous: -$105M+104.2%
Operating Income

-$130M

Previous: -$78.6M-65.0%

Revenue & EPS history

Sphere Entertainment Co · Revenue · Quarterly

$386M

Q1 2026+69.5%vs Q1 2025
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

Sphere Entertainment Co · $110M total across 1 segment · Q1 2024

  • MSG Networks
    $110M-10.0%

Forward guidance

The filing discusses Sphere Entertainment's outlook, capital deployment, and key risks without relying solely on numeric EPS guidance.

Tailwinds

  • Sphere Entertainment cited execution on strategic priorities in the filing.
  • Balance sheet and liquidity support continued operations.

Headwinds

  • Macro, competitive, and cost pressures may affect margins.
  • Segment mix and one-time items can affect comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+1.5%

Avg return

Earnings day

+2.6%

Avg return

5 days after

+2.7%

Avg return

30 days after

46%

12 / 26 earnings

Positive

+22.1%

Q4 2025

Best reaction

-15.1%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+22.1%+21.0%+11.5%
Q3 2026+4.7%+16.2%+24.8%
Q1 2026+4.7%+16.2%+24.8%
Q1 2025+9.2%+26.1%+26.5%
Q2 2026-2.0%-18.8%-23.3%
Q4 2024+0.7%+21.5%+3.6%
Q3 2024+0.9%-8.4%-11.0%
Q2 2024-0.3%+13.8%+35.9%
Q1 2024+2.2%+2.9%-2.2%
Q4 2023+4.0%-7.9%-1.1%
Q3 2023-15.1%-25.9%-11.3%
Q2 2023+8.3%+13.8%+6.6%
Q1 2023-2.2%-4.0%-9.3%
Q4 2022-7.1%-3.3%-12.3%
Q2 2022-7.1%-3.3%-12.3%
Q3 2022-11.3%-11.9%-5.0%
Q1 2022-8.5%-9.8%-17.3%
Q4 2021+17.9%+26.7%+21.7%
Q2 2021+17.9%+26.7%+21.7%
Q3 2021+5.2%-3.2%+4.2%
Q1 2021-1.2%-4.3%+0.1%
Q1 2020-1.2%-4.3%+0.1%
Q2 2020-0.3%+4.8%-8.8%
Q4 2020-0.3%-8.3%+6.1%
Q4 2019-1.6%-3.9%-2.2%
Q3 2020-1.6%-3.9%-2.2%
Q3 2019

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