Communication Services - Entertainment - NYSE - US
$ 40.0
-0.892 %
$ 1.43 B
Market Cap
-6.29
P/E
Sphere Entertainment Co. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre. The company also operates 70 entertainment dining and nightlife venues spanning 20 markets across five continents under the Tao, Marquee, Lavo, Beauty & Essex, Cathédrale, Hakkasan, and Omnia brand names; and creates and operates New England's premier music festival.[ Read More ]
The intrinsic value of one SPHR stock under the base case scenario is HIDDEN Compared to the current market price of 40 USD, Sphere Entertainment Co. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart SPHR
FINANCIALS
1.03 B
REVENUE
-341 M
OPERATING INCOME
-201 M
NET INCOME
-19.7 M
OPERATING CASH FLOW
-45.2 M
INVESTING CASH FLOW
210 M
FINANCING CASH FLOW
273 M
REVENUE
-71.4 M
OPERATING INCOME
-46.6 M
NET INCOME
-72.4 M
OPERATING CASH FLOW
-24.9 M
INVESTING CASH FLOW
-23.3 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Sphere Entertainment Co.
| Current Assets | 866 M |
| Cash & Short-Term Investments | 573 M |
| Receivables | 241 M |
| Other Current Assets | 51 M |
| Non-Current Assets | 3.92 B |
| Long-Term Investments | 30.7 M |
| PP&E | 3.26 B |
| Other Non-Current Assets | 627 M |
| Current Liabilities | 1.37 B |
| Accounts Payable | 18.9 M |
| Short-Term Debt | 887 M |
| Other Current Liabilities | 468 M |
| Non-Current Liabilities | 999 M |
| Long-Term Debt | 651 M |
| Other Non-Current Liabilities | 348 M |
EFFICIENCY
Earnings Waterfall
Sphere Entertainment Co.
| Revenue | 1.03 B |
| Cost Of Revenue | 548 M |
| Gross Profit | 479 M |
| Operating Expenses | 826 M |
| Operating Income | -341 M |
| Other Expenses | -141 M |
| Net Income | -201 M |
RATIOS
46.65%
GROSS MARGIN
-33.23%
OPERATING MARGIN
-19.54%
NET MARGIN
-8.31%
ROE
-4.19%
ROA
-5.59%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Sphere Entertainment Co.
| Net Income | -201 M |
| Depreciation & Amortization | 256 M |
| Capital Expenditures | -265 M |
| Stock-Based Compensation | 48 M |
| Change in Working Capital | -160 M |
| Others | 152 M |
| Free Cash Flow | -309 M |
Wall Street Analysts Price Targets
Sphere Entertainment Co.
Wall Street analysts predict an average 1-year price target for SPHR of $55 , with forecasts ranging from a low of $43 to a high of $68 .
SPHR Lowest Price Target
Wall Street Target
43 USD
7.50%
SPHR Average Price Target
Wall Street Target
55 USD
37.50%
SPHR Highest Price Target
Wall Street Target
68 USD
70.00%
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
0 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Sphere Entertainment Co.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
816 K USD 2
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
10.7 M USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
8 months ago
Mar 08, 2024
|
Sell 588 K USD
|
GREENBERG ANDREA
President/CEO-MSG Networks |
- 11524.021
|
51 USD |
|
8 months ago
Mar 08, 2024
|
Sell 10.6 K USD
|
GREENBERG ANDREA
President/CEO-MSG Networks |
- 207
|
51.01 USD |
|
8 months ago
Mar 08, 2024
|
Sell 10.2 K USD
|
GREENBERG ANDREA
President/CEO-MSG Networks |
- 200
|
51.02 USD |
|
8 months ago
Mar 08, 2024
|
Sell 10.2 K USD
|
GREENBERG ANDREA
President/CEO-MSG Networks |
- 200
|
51.03 USD |
|
8 months ago
Mar 04, 2024
|
Bought 59.5 K USD
|
DOLAN JAMES LAWRENCE
director, officer, other: Executive Chairman / CEO |
+ 1251
|
47.6005 USD |
|
8 months ago
Mar 04, 2024
|
Bought 3.59 M USD
|
DOLAN JAMES LAWRENCE
director, officer, other: Executive Chairman / CEO |
+ 76079
|
47.1908 USD |
|
8 months ago
Mar 04, 2024
|
Bought 1.51 M USD
|
DOLAN JAMES LAWRENCE
director, officer, other: Executive Chairman / CEO |
+ 32826
|
46.137 USD |
|
8 months ago
Feb 28, 2024
|
Bought 226 K USD
|
DOLAN JAMES LAWRENCE
director, officer, other: Executive Chairman / CEO |
+ 5496
|
41.1011 USD |
|
8 months ago
Feb 28, 2024
|
Bought 2.88 M USD
|
DOLAN JAMES LAWRENCE
director, officer, other: Executive Chairman / CEO |
+ 70643
|
40.6982 USD |
|
8 months ago
Feb 26, 2024
|
Bought 178 K USD
|
DOLAN JAMES LAWRENCE
director, officer, other: Executive Chairman / CEO |
+ 4281
|
41.5907 USD |
|
8 months ago
Feb 26, 2024
|
Bought 2.26 M USD
|
DOLAN JAMES LAWRENCE
director, officer, other: Executive Chairman / CEO |
+ 55093
|
41.0754 USD |
|
9 months ago
Feb 13, 2024
|
Sell 193 K USD
|
Byrnes David F.
EVP, CFO & Treasurer |
- 4604
|
41.84 USD |
|
9 months ago
Feb 13, 2024
|
Sell 4.19 K USD
|
Byrnes David F.
EVP, CFO & Treasurer |
- 100
|
41.865 USD |
7. News
Sphere Entertainment Co. (SPHR) Q1 2025 Earnings Call Transcript
Sphere Entertainment Co. (NYSE:SPHR ) Q1 2025 Earnings Conference Call November 12, 2024 10:00 AM ET Company Participants Ari Danes - SVP, IR, Financial Communications & Treasury James Dolan - Executive Chairman & CEO David Byrnes - EVP, CFO & Treasurer David Granville-Smith - EVP Conference Call Participants Brandon Ross - Lateshed David Karnovsky - JPMorgan Peter Supino - Wolfe Research Daniel Duran - Morgan Stanley Peter Anderson - Bank of America Merrill Lynch David Joyce - Seaport Research Partners Operator Good morning, and thank you for standing by. Welcome to the Sphere Entertainment Company Fiscal 2025 First Quarter Earnings Conference Call.
seekingalpha.com
- 4 days ago
Sphere Entertainment (SPHR) Reports Q1 Loss, Lags Revenue Estimates
Sphere Entertainment (SPHR) came out with a quarterly loss of $2.95 per share versus the Zacks Consensus Estimate of a loss of $3.32. This compares to earnings of $1.90 per share a year ago.
zacks.com
- 4 days ago
SPHERE ENTERTAINMENT CO. REPORTS FISCAL 2025 FIRST QUARTER RESULTS
NEW YORK , Nov. 12, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment" or the "Company") today reported financial results for the fiscal first quarter ended September 30, 2024. Recent Sphere operating highlights include: In October, the Company and the Department of Culture and Tourism – Abu Dhabi ("DCT Abu Dhabi") announced plans to make Abu Dhabi the next Sphere location under a franchise model; The Company announced new multi-year marketing partnerships with Verizon and DCT Abu Dhabi; V-U2 An Immersive Concert Film debuted in September, joining Postcard from Earth as the second Sphere Experience; The Eagles are in the midst of a 28-show residency, which has been extended multiple times due to demand; In September, Sphere hosted its first live sports event – UFC 306 – which became the highest single grossing event at the venue so far; and Delta Air Lines recently announced it will hold a keynote presentation at Sphere in Las Vegas during the Consumer Electronics Show in January 2025.
prnewswire.com
- 4 days ago
Sphere Entertainment Co. to Host Fiscal 2025 First Quarter Conference Call
NEW YORK , Nov. 6, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) will host a conference call to discuss results for its fiscal first quarter ended September 30, 2024 on Tuesday, November 12, 2024 at 10:00 a.m. Eastern Time.
prnewswire.com
- 1 week ago
Sphere Entertainment (SPHR) Expected to Beat Earnings Estimates: Should You Buy?
Sphere Entertainment (SPHR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 1 week ago
SPHERE ENTERTAINMENT AND THE DEPARTMENT OF CULTURE AND TOURISM - ABU DHABI ANNOUNCE PLANS TO MAKE ABU DHABI NEXT SPHERE VENUE LOCATION
NEW YORK and ABU DHABI, UAE, Oct. 15, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment") and the Department of Culture and Tourism – Abu Dhabi ("DCT Abu Dhabi") announced today that they will work together to bring the world's second Sphere to Abu Dhabi, United Arab Emirates. This next-generation entertainment medium is expected to be a landmark addition to this premier international capital city, elevating the entertainment offerings for residents and visitors alike.
prnewswire.com
- 1 month ago
SPHERE ENTERTAINMENT AND THE DEPARTMENT OF CULTURE AND TOURISM - ABU DHABI ANNOUNCE PLANS TO MAKE ABU DHABI NEXT SPHERE VENUE LOCATION
NEW YORK and ABU DHABI, United Arab Emirates , Oct. 15, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment") and the Department of Culture and Tourism – Abu Dhabi ("DCT Abu Dhabi") announced today that they will work together to bring the world's second Sphere to Abu Dhabi, United Arab Emirates. This next-generation entertainment medium is expected to be a landmark addition to this premier international capital city, elevating the entertainment offerings for residents and visitors alike.
prnewswire.com
- 1 month ago
Sphere Entertainment Stock Tumbles on Unexpected CFO Departure
Sphere Entertainment (SPHR) stock fell Tuesday morning after announcing the unexpected departure of Chief Financial Officer (CFO) David Byrnes, who "will continue in his current role for an interim period to facilitate a smooth transition."
investopedia.com
- 1 month ago
SPHERE ENTERTAINMENT ANNOUNCES EVP, CFO AND TREASURER, DAVID BYRNES, WILL BE LEAVING THE COMPANY
NEW YORK , Oct. 8, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment" or the "Company") announced today that Mr. David F. Byrnes, the Company's Executive Vice President, Chief Financial Officer and Treasurer, will be leaving the Company.
prnewswire.com
- 1 month ago
Sphere Entertainment Co (SPHR) Shares Up 4.96% on Oct 2
Shares of Sphere Entertainment Co (SPHR, Financial) surged 4.96% in mid-day trading on Oct 2. The stock reached an intraday high of $46.60, before settling at $46.02, up from its previous close of $43.84.
gurufocus.com
- 1 month ago
Cash Out Of Sphere Entertainment, Profitability Outlook 'Underwhelming,' Says Bearish Analyst
Sphere Entertainment Co SPHR, the company behind the Las Vegas Sphere, has high production costs and scalability issues.
benzinga.com
- 2 months ago
Sphere stock falls after Benchmark downgrade
Shares of Sphere Entertainment Co. are down 3.5% in premarket trade Tuesday after the entertainment and media company received a downgrade from Benchmark.
marketwatch.com
- 2 months ago
8. Profile Summary
Sphere Entertainment Co. SPHR
COUNTRY
US
INDUSTRY
Entertainment
MARKET CAP
$ 1.43 B
Dividend Yield
0.00%
Description
Sphere Entertainment Co. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre. The company also operates 70 entertainment dining and nightlife venues spanning 20 markets across five continents under the Tao, Marquee, Lavo, Beauty & Essex, Cathédrale, Hakkasan, and Omnia brand names; and creates and operates New England's premier music festival. In addition, it features the Radio City Rockettes, which serves as the star for its Christmas Spectacular at Radio City Music Hall. The company was formerly known as Madison Square Garden Entertainment Corp. and changed its name to Sphere Entertainment Co. in April 2023. Sphere Entertainment Co. was founded in 2006 and is based in New York, New York.
Contact
Two Pennsylvania Plaza, New York, NY, 10121
https://www.msgentertainment.com
IPO Date
April 9, 2020
Employees
970
Officers
Mr. David F. Byrnes
Executive Vice President, Chief Financial Officer & Treasurer
Mr. David Granville-Smith
Executive Vice President
Mr. Ari Danes C.F.A.
Senior Vice President of Investor Relations, Financial Communications & Treasury
Ms. Mikyl Cordova
Executive Vice President of Communications & Marketing
Mr. Gregory Brunner
Senior Vice President, Controller & Principal Accounting Officer
Mr. James Lawrence Dolan
Executive Chairman & Chief Executive Officer
Mr. Joel Fisher
Executive Vice President of Marquee Events and Operations
Ms. Laura Franco
Executive Vice President & General Counsel
Ms. Jennifer Koester
President & Chief Operating Officer
Ms. Andrea Greenberg
President & Chief Executive Officer of MSG Networks