SPHERE ENTERTAINMENT CLASS A (SPHR)
Communication · Immersive entertainment venues and regional media networks · NYSE
Sphere Entertainment operates the world's most advanced immersive live entertainment venue featuring revolutionary LED and audio technology, alongside regional sports networks and streaming services.
What SPHERE ENTERTAINMENT CLASS A does
Sphere Entertainment operates two core businesses: Sphere, an immersive live entertainment venue featuring the world's largest LED screen (Exosphere) and highest-resolution interior LED display, along with proprietary audio, haptic, and 4D technologies; and MSG Networks, which operates regional sports networks and direct-to-consumer streaming services. The company generates revenue from venue events, content production through Sphere Studios, and media distribution across sports and entertainment networks, with expansion plans for additional Sphere venues globally.
Themes: ["Immersive live entertainment venues","Advanced LED display technology","Regional sports networks","Direct-to-consumer streaming / media","Content production and studios","Sports and entertainment broadcasting","3D/4D audience experiences"]
Fundamentals
- Price$152.01 as of 2026-07-09 close
- Market cap$5.5B as of 2026-07-10
- 1-year return+259.4% as of 2026-07-09 close
- P/E45.57 as of 2026-07-10
- Net margin+9.0% as of 2026-07-10
- Gross margin+54.6% as of 2026-07-10
- ROE+5.4% as of 2026-07-10
- Debt / equity0.36 as of 2026-07-10
- Revenue growth (YoY)+21.6% as of 2026-07-10
- Revenue CAGR (3y)+26.0% SEC XBRL
- Beta1.64 as of 2026-07-10
Key risks (from latest filing)
["Sphere venue performance and demand risk: The Las Vegas Sphere opened September 2023 and profitability depends on achieving sufficient event booking rates and pricing power; any slowdown in demand or inability to fill capacity could materially impact revenues.","Geographic concentration and expansion execution: Revenue is heavily concentrated in Las Vegas with planned expansions to Abu Dhabi and Maryland; delays, cost overruns, or market conditions could impair these growth initiatives.","Content production and technology obsolescence: The company relies on maintaining cutting-edge immersive technology and proprietary content creation capabilities; failure to innovate or technical failures could reduce competitive differentiation and guest experience."]
Competitors & peers
- Live Nation Entertainment
- Disney (ESPN, entertainment venues)
- AMC Networks
- Paramount (CBS Sports, media networks)
- Warner Bros. Discovery
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.