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Upturn AI Summary - About
Sphere Entertainment Co.(SPHR)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for SPHR
10/26/2026: SPHR (3-star) is currently NOT-A-BUY. Pass it for now.
Sphere Entertainment Co. is a specialized live entertainment company centered on its flagship Sphere venue in Las Vegas. Its primary business strength lies in its proprietary, high-tech immersive experience that draws significant tourism and artist demand. The main growth story revolves around scaling this venue model internationally and maximizing revenue from premium event content. However, the company faces material risks, including high operating costs, sensitivity to travel cycles, and the long-term decline of traditional cable network assets. This stock may suit growth-oriented investors with a high risk tolerance who are looking for exposure to next-generation entertainment technology.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company offers a unique, high-growth potential asset but faces execution risks and heavy capital requirements. |
| Momentum investor | Strong fit while signal remains positive | This style is appropriate during periods of high news flow surrounding new Sphere events or expansion announcements. |
| Value investor | Weak fit | The valuation is driven by future potential rather than current, stable cash flows. |
| Dividend investor | Weak fit | The company does not pay dividends and prioritizes capital reinvestment. |
| Low-risk investor | Weak fit | The stock exhibits high volatility and operational risk associated with its singular flagship venue. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock price is highly sensitive to news about venue utilization and expansion plans. |
| Valuation risk | Medium / high | Future performance expectations are baked into current pricing. |
| Competition risk (Live entertainment) | Medium | Other major venues compete for the same tier of high-profile entertainment talent. |
| Business quality | Medium | The business relies on a successful, capital-intensive singular asset model. |
| Dividend income | Low / none | There is no dividend income for investors. |
| Execution risk | High | Scaling the Sphere concept globally involves complex operational and financial challenges. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit 66.43% | Avg. Invested days 40 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/26/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.91B USD | Price to earnings Ratio - | 1Y Target Price 163.62 |
Price to earnings Ratio - | 1Y Target Price 163.62 | ||
Volume (30-day avg) 880.1K shares | Beta 1.6 | 52 Weeks Range 64.00 - 181.63 | Updated Date 10/25/2026 |
52 Weeks Range 64.00 - 181.63 | Updated Date 10/25/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -2.69 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Sphere Venue Operations | Ticket sales, corporate bookings, and sponsorships at the Las Vegas Sphere. | The primary growth driver is the profitability and popularity of the Sphere venue. |
| MSG Networks | Affiliate fees and advertising from regional sports networks in New York. | This is a stable but challenged legacy segment facing industry-wide cable cord-cutting. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE - | Forward PE 28.41 | Enterprise Value 3.03B | Price to Sales(TTM) 2.88 |
Enterprise Value 3.03B | Price to Sales(TTM) 2.88 | ||
Enterprise Value to Revenue 2.68 | Enterprise Value to EBITDA 5.35 | Shares Outstanding 29.05M | Shares Floating 24.70M |
Shares Outstanding 29.05M | Shares Floating 24.70M | ||
Percent Insiders 6.72 | Percent Institutions 136.26 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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