Communication Services -
Entertainment - NYSE - US
$ 40.74
-6.62 %
$ 1.46 B
Market Cap
-3.63
P/E
1. INTRINSIC VALUE
Balance Sheet
Sphere Entertainment Co.
| Current Assets | 866 M |
| Cash & Short-Term Investments | 560 M |
| Receivables | 241 M |
| Other Current Assets | 64.5 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 | 820 M |
| Operating Income | -341 M |
| Other Expenses | -141 M |
| Net Income | -201 M |
RATIOS
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
5.55%
SPHR Average Price Target
Wall Street Target
55 USD
35.00%
SPHR Highest Price Target
Wall Street Target
68 USD
66.91%
4. DIVIDEND
ANALYSIS
SPHR does not distribute dividends.
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
0 USD 0
9-12 MONTHS
619 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
10.7 M USD 1
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
11 months ago
Mar 08, 2024
|
Sell 588 K
USD
|
GREENBERG ANDREA
President/CEO-MSG Networks
|
- 11524.021
|
51 USD |
|
11 months ago
Mar 08, 2024
|
Sell 10.6 K
USD
|
GREENBERG ANDREA
President/CEO-MSG Networks
|
- 207
|
51.01 USD |
|
11 months ago
Mar 08, 2024
|
Sell 10.2 K
USD
|
GREENBERG ANDREA
President/CEO-MSG Networks
|
- 200
|
51.02 USD |
|
11 months ago
Mar 08, 2024
|
Sell 10.2 K
USD
|
GREENBERG ANDREA
President/CEO-MSG Networks
|
- 200
|
51.03 USD |
|
11 months ago
Mar 04, 2024
|
Bought
59.5 K USD
|
DOLAN JAMES LAWRENCE
director, officer, other: Executive Chairman / CEO
|
+ 1251
|
47.6005 USD |
|
11 months ago
Mar 04, 2024
|
Bought
3.59 M USD
|
DOLAN JAMES LAWRENCE
director, officer, other: Executive Chairman / CEO
|
+ 76079
|
47.1908 USD |
|
11 months ago
Mar 04, 2024
|
Bought
1.51 M USD
|
DOLAN JAMES LAWRENCE
director, officer, other: Executive Chairman / CEO
|
+ 32826
|
46.137 USD |
|
1 year ago
Feb 28, 2024
|
Bought
226 K USD
|
DOLAN JAMES LAWRENCE
director, officer, other: Executive Chairman / CEO
|
+ 5496
|
41.1011 USD |
|
1 year ago
Feb 28, 2024
|
Bought
2.88 M USD
|
DOLAN JAMES LAWRENCE
director, officer, other: Executive Chairman / CEO
|
+ 70643
|
40.6982 USD |
|
1 year ago
Feb 26, 2024
|
Bought
178 K USD
|
DOLAN JAMES LAWRENCE
director, officer, other: Executive Chairman / CEO
|
+ 4281
|
41.5907 USD |
|
1 year ago
Feb 26, 2024
|
Bought
2.26 M USD
|
DOLAN JAMES LAWRENCE
director, officer, other: Executive Chairman / CEO
|
+ 55093
|
41.0754 USD |
|
1 year ago
Feb 13, 2024
|
Sell 193 K
USD
|
Byrnes David F.
EVP, CFO & Treasurer
|
- 4604
|
41.84 USD |
|
1 year ago
Feb 13, 2024
|
Sell 4.19 K
USD
|
Byrnes David F.
EVP, CFO & Treasurer
|
- 100
|
41.865 USD |
7. News
Sphere Entertainment Co. to Host Earnings Conference Call on February 28, 2025
NEW YORK , Feb. 21, 2025 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) will host a conference call to discuss results for the three months ended December 31, 2024 on Friday, February 28, 2025 at 10:00 a.m. Eastern Time.
prnewswire.com
- 1 week ago
UPDATED MSG NETWORKS STATEMENT ON ALTICE DISPUTE
NEW YORK , Feb. 10, 2025 /PRNewswire/ -- MSG Networks released the following statement about ongoing negotiations with Altice USA: "We applaud Governor Hochul's engagement and ensuring local sports fans have access to MSG Networks' programming. We remain ready to negotiate with Optimum or enter binding arbitration to immediately bring our games back on the air.
prnewswire.com
- 2 weeks ago
UPDATED MSG NETWORKS STATEMENT ON ALTICE DISPUTE
NEW YORK , Feb. 6, 2025 /PRNewswire/ -- MSG Networks released the following statement about ongoing negotiations with Altice USA: "We applaud the Attorneys General in demanding Altice do right by its subscribers and either issue a full refund or immediately reach an agreement to return MSG Networks to Optimum subscribers." To read the press release from the Attorneys General, click here.
prnewswire.com
- 3 weeks ago
SPHERE ENTERTAINMENT NAMES GLENN DERRY EXECUTIVE VICE PRESIDENT, MSG VENTURES
BURBANK, Calif. , Feb. 4, 2025 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) announced today that Glenn Derry, an Academy Award winning technologist with over 30 years of industry-defining entertainment technology experience, has joined the Company as Executive Vice President of MSG Ventures.
prnewswire.com
- 3 weeks ago
NJ ATTORNEY GENERAL JOINS CT AND NY ATTORNEYS GENERAL IN URGING MSG NETWORKS AND ALTICE TO REACH A DEAL THAT RESULTS IN THE IMMEDIATE RETURN OF LOCAL SPORTS PROGRAMMING
NEW YORK , Jan. 24, 2025 /PRNewswire/ -- MSG Networks released the following statement regarding their carriage dispute with Altice USA: "New Jersey Attorney General Matt Platkin joins New York Attorney General Letitia James, Connecticut Attorney General William Tong, and a bipartisan group of federal, state, and local government officials in imploring Altice USA and MSG Networks to reach a deal that results in the immediate return of MSG Networks' local Knicks, Rangers, Islanders, and Devils games to Optimum's lineup and its more than 1 million tri-state area subscribers. MSG Networks agrees with the Attorneys General.
prnewswire.com
- 1 month ago
NY AND CT ATTORNEYS GENERAL AND SEVERAL BIPARTISAN ELECTED OFFICIALS AGREE: IT'S TIME FOR ALTICE USA TO GET THE KNICKS, RANGERS, DEVILS AND ISLANDERS BACK ON THE AIR!
NEW YORK , Jan. 22, 2025 /PRNewswire/ -- MSG Networks released the following statement regarding their carriage dispute with Altice USA: "Connecticut Attorney General William Tong joins New York Attorney General Letitia James and a bipartisan group of federal, state and local elected officials in imploring Altice USA and MSG Networks to reach a deal that results in the immediate return of MSG Networks' local Knicks, Rangers, Islanders and Devils games to Optimum's lineup and its more than 1 million subscribers in the tri-state area. MSG Networks yesterday offered to enter into binding arbitration with Altice USA before a neutral third party.
prnewswire.com
- 1 month ago
MSG NETWORKS OFFERS BINDING ARBITRATION BY NEUTRAL THIRD PARTY TO RESOLVE ISSUE WITH ALTICE
NEW YORK , Jan. 21, 2025 /PRNewswire/ -- MSG Networks released the following statement about their dispute with Altice USA: "Our goal is to make sure our Knicks, Rangers, Devils, and Islanders fans who are Optimum subscribers don't have to miss another game. To that end, we are willing to agree to a short extension tied to resolving our dispute through binding arbitration by a neutral, third party.
prnewswire.com
- 1 month ago
MSG NETWORKS RESPONSE TO ALTICE
NEW YORK , Jan. 16, 2025 /PRNewswire/ -- MSG Networks released the following response to Altice USA: "In response to Optimum's last release what we have to say is simple: Cut the B.S. - give us the same deal you gave YES Networks just a few months ago OR give us our old deal which we had with you previously OR refund every subscriber what you owe them - $10 a month.
prnewswire.com
- 1 month ago
ALTICE USA IS ABANDONING LOCAL SPORTS FANS AND IS KEEPING MSG NETWORKS AND ITS KNICKS, RANGERS, ISLANDERS AND DEVILS COVERAGE OFF THE AIR
NEW YORK , Jan. 10, 2025 /PRNewswire/ -- MSG Networks released the following statement about their dispute with Altice USA: "Altice USA has pulled their last proposal and walked away from negotiations to bring MSG Networks back to its Optimum subscribers. They also just dropped WPIX Channel 11 in New York and other local stations around the country.
prnewswire.com
- 1 month ago
SPHERE ENTERTAINMENT NAMES ROBERT LANGER EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER, AND TREASURER
BURBANK, Calif. , Jan. 8, 2025 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) announced today that Robert Langer, a seasoned financial leader with over 30 years of experience, will join the Company as Executive Vice President, Chief Financial Officer and Treasurer, effective January 13.
prnewswire.com
- 1 month ago
Altice USA (Optimum) Has Dropped MSG Networks, Depriving Local Fans of Hundreds of Live, Exclusive Games of Their Favorite Teams
Knicks, Rangers, Islanders and Devils Coverage on MSG Networks is Dark for Optimum Subscribers For More Information, Please Visit KEEPMSG.COM NEW YORK , Jan. 1, 2025 /PRNewswire/ -- Despite MSG Networks' extensive efforts to reach an agreement, Altice USA has dropped MSG Networks from its Optimum channel lineup in the tri-state area, leaving passionate Knicks, Rangers, Islanders and Devils fans out in the cold this winter. MSG Networks issued the following statement: "As a last-ditch effort to save their struggling business at the expense of subscribers, Altice is trying to charge their customers more and give them less.
prnewswire.com
- 2 months ago
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
- 3 months ago
8. Profile
Summary
Sphere Entertainment Co. SPHR
COUNTRY
US
INDUSTRY
Entertainment
MARKET CAP
$ 1.46 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. Richard Constable
Executive Vice President & Global Head of Government Affairs and Social Impact
Ms. Laura Franco
Executive Vice President & General Counsel
Mr. Joel Fisher
Executive Vice President of Marquee Events and Operations
Mr. Robert Langer
Executive Vice President, Chief Financial Officer & Treasurer
Mr. Ari Danes C.F.A.
Senior Vice President of Investor Relations, Financial Communications & Treasury
Mr. James Lawrence Dolan
Executive Chairman & Chief Executive Officer
Mr. Gregory Brunner
Senior Vice President, Controller, Principal Accounting Officer & Interim Principal Financial Officer
Ms. Jennifer Koester
President & Chief Operating Officer
Ms. Mikyl Cordova
Executive Vice President of Communications & Marketing
Ms. Andrea Greenberg
President & Chief Executive Officer of MSG Networks