--- title: "Sphere ENT | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 313.64 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294357823.md" datetime: "2026-07-30T11:41:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294357823.md) - [en](https://longbridge.com/en/news/294357823.md) - [zh-HK](https://longbridge.com/zh-HK/news/294357823.md) generator: "portal-rs" --- # Sphere ENT | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 313.64 M Revenue: As of FY2026 Q2, the actual value is USD 313.64 M, beating the estimate of USD 308.04 M. EPS: As of FY2026 Q2, the actual value is USD -1.07. EBIT: As of FY2026 Q2, the actual value is USD -57.78 M. ### Financial Performance for Three Months Ended June 30, 2026 (vs. 2025) #### Operating Loss Sphere Entertainment Co. reported an operating loss of -$61.3 million, an increase of -$11.1 million or -22% compared to -$50.2 million in the prior year quarter. #### Adjusted Operating Income Adjusted operating income was $50.9 million, a decrease of -$10.5 million or -17% from $61.5 million in the prior year quarter. ### Financial Performance for Six Months Ended June 30, 2026 (vs. 2025) #### Operating Loss The operating loss was -$54.1 million, an improvement of $74.7 million or 58% compared to -$128.8 million in the prior year period. #### Adjusted Operating Income Adjusted operating income reached $160.9 million, an increase of $63.5 million or 65% from $97.4 million in the prior year period. #### Net Loss Sphere Entertainment Co. reported a net loss of -$33.867 million for the six months ended June 30, 2026, compared to a net income of $69.862 million in the prior year period. #### Net Loss Attributable to Stockholders Net loss attributable to Sphere Entertainment Co.’s stockholders was -$40.381 million, compared to net income of $69.862 million in the prior year period. ### Segment Results (Three Months Ended June 30, 2026 vs. 2025) #### Sphere Segment - **Revenues**: The Sphere segment reported revenues of $226.4 million, a 29% increase from $175.6 million in the prior year quarter. - Revenues from The Sphere Experience increased by $53.8 million, driven by higher per-show revenue for *The Wizard of Oz at Sphere*. - Sponsorship, Exosphere advertising, and suite license fees increased by $10.5 million, primarily due to higher Exosphere advertising revenues. - Event-related revenues decreased by -$11.7 million, mainly due to two fewer brand events, partially offset by higher revenues from six additional concert residency shows. - **Operating Loss**: The operating loss for the Sphere segment was -$69.6 million, an improvement of $13.9 million or 17% compared to -$83.4 million in the prior year quarter. - **Adjusted Operating Income**: Adjusted operating income for the Sphere segment increased by $15.0 million or 60% to $39.9 million, from $24.9 million in the prior year quarter. - **Direct Operating Expenses**: Direct operating expenses were $87.7 million, a 15% increase from $76.351 million in the prior year quarter. Expenses for The Sphere Experience increased by $19.7 million due to higher per-show expenses for *The Wizard of Oz at Sphere*, partially offset by a -$4.1 million decrease in event-related expenses. - **Selling, General and Administrative Expenses**: These expenses increased by $29.2 million or 30% to $125.6 million, primarily due to mark-to-market adjustments on share-based compensation, higher employee compensation, and increased professional fees (litigation-related). #### MSG Networks Segment - **Revenues**: The MSG Networks segment reported revenues of $87.3 million, an -18% decrease from $107.1 million in the prior year quarter. - Distribution revenue decreased by -$13.7 million, reflecting an approximate 16.5% decrease in total subscribers. - Advertising revenue decreased by -$6.0 million, mainly due to fewer live postseason professional sports telecasts. - **Operating Income**: Operating income for the MSG Networks segment was $8.3 million, a decrease of -$25.0 million compared to $33.3 million in the prior year quarter. - **Adjusted Operating Income**: Adjusted operating income decreased by -$25.5 million to $11.0 million, from $36.5 million in the prior year quarter. - **Direct Operating Expenses**: Direct operating expenses increased by $8.4 million or 15% to $63.3 million. Rights fees expense increased by $9.2 million due to retroactive reductions in media rights fees in the prior year, partially offset by fewer NBA and NHL games. - **Selling, General and Administrative Expenses**: These expenses decreased by -$3.0 million or -18% to $13.6 million, primarily due to lower employee compensation and related benefits (-$1.9 million) and advertising and marketing costs (-$1.2 million). ### Cash Flow (Six Months Ended June 30, 2026 vs. 2025) #### Net Cash Provided by Operating Activities Net cash provided by operating activities was $102.583 million, compared to net cash used in operating activities of -$52.711 million in the prior year period. #### Net Cash Used in Investing Activities Net cash used in investing activities was -$19.627 million, compared to net cash provided by investing activities of $16.441 million in the prior year period. #### Net Cash Used in Financing Activities Net cash used in financing activities was -$52.128 million, compared to -$111.059 million in the prior year period. #### Cash, Cash Equivalents, and Restricted Cash at End of Period The company ended the period with $552.019 million in cash, cash equivalents, and restricted cash, up from $368.927 million in the prior year period. ### Outlook / Guidance Sphere Entertainment Co. is advancing its long-term vision for a global network of Sphere venues, with plans for Sphere Abu Dhabi expected by the end of 2029 and National Harbor. The company also announced a new Sphere Experience, *The Rocky Horror Picture Show at Sphere*, anticipated to open in 2027. Furthermore, Sphere Entertainment Co. extended its partnership with Formula 1 Las Vegas Grand Prix through 2030. ### Related Stocks - [SPHR.US](https://longbridge.com/en/quote/SPHR.US.md) ## Related News & Research - [Sphere Entertainment FY26 net income rises 77% to $66.19 million; revenue climbs 13% to $1.06 billion](https://longbridge.com/en/news/295707323.md) - [Sphere Entertainment Confronts Material Financing Risks From Complex Credit Facilities and 2028 Convertible Notes](https://longbridge.com/en/news/294573685.md) - [Sphere Entertainment Q2 revenue beats on sponsorship, suite license fees growth](https://longbridge.com/en/news/294360633.md) - [Sphere Entertainment’s MSG, YES Networks name DAZN exclusive direct-to-consumer streaming home for 2026-27 seasons](https://longbridge.com/en/news/294204570.md) - [Craig-Hallum Reaffirms Their Buy Rating on Sphere Entertainment (SPHR)](https://longbridge.com/en/news/290173236.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**