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SPHR 
Sphere Entertainment Co. (SPHR)
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Upturn Advisory Summary
11/05/2025: SPHR (4-star) is a STRONG-BUY. BUY since 47 days. Simulated Profits (59.67%). Updated daily EoD!
Upturn Star Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
Number of Analysts
10 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $69
1 Year Target Price $69
| 4 | Strong Buy |
| 2 | Buy |
| 3 | Hold |
| 0 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 66.36% | Avg. Invested days 32 | Today’s Advisory Strong Buy |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 11/05/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.58B USD | Price to earnings Ratio - | 1Y Target Price 69 |
Price to earnings Ratio - | 1Y Target Price 69 | ||
Volume (30-day avg) 10 | Beta 1.81 | 52 Weeks Range 23.89 - 77.48 | Updated Date 11/7/2025 |
52 Weeks Range 23.89 - 77.48 | Updated Date 11/7/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -9.79 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Earnings Date
Report Date 2025-11-04 | When Before Market | Estimate -1.87 | Actual -1.12 |
Profitability
Profit Margin -27.4% | Operating Margin (TTM) -22.33% |
Management Effectiveness
Return on Assets (TTM) -2.62% | Return on Equity (TTM) -16.04% |
Valuation
Trailing PE - | Forward PE 28.41 | Enterprise Value 3028832684 | Price to Sales(TTM) 2.4 |
Enterprise Value 3028832684 | Price to Sales(TTM) 2.4 | ||
Enterprise Value to Revenue 2.68 | Enterprise Value to EBITDA 5.35 | Shares Outstanding 28447507 | Shares Floating 24103749 |
Shares Outstanding 28447507 | Shares Floating 24103749 | ||
Percent Insiders 6.38 | Percent Institutions 131.5 |
Upturn AI SWOT
Sphere Entertainment Co.
Company Overview
History and Background
Sphere Entertainment Co., formerly Madison Square Garden Entertainment Corp., was created in 2020 as a spin-off from Madison Square Garden Sports Corp. (MSGS). The company focuses on live entertainment and immersive experiences.
Core Business Areas
- Sphere: This segment is centered on the Sphere, a next-generation entertainment venue. It includes the venue's operations, content creation, and related technologies. Its first venue has been built in Las Vegas.
- MSG Networks: MSG Networks owns and operates regional sports and entertainment networks, broadcasting live games and related programming.
Leadership and Structure
James Dolan serves as the Executive Chairman and CEO. The company's organizational structure includes divisions for venue management, content creation, and media networks.
Top Products and Market Share
Key Offerings
- Sphere Venue: The Sphere is a unique entertainment venue providing immersive experiences. There is currently no direct competitor to the Sphere given its unique scale and design. Competitors would include large format event venues such as arenas or large-scale concert venues. Revenue is dependent on event attendance and pricing.
- MSG Networks Programming: MSG Networks broadcasts live sports events and related programming, reaching a large audience in the New York metropolitan area. Competitors are other regional sports networks like YES Network (Yankees), SNY (Mets), and cable networks like ESPN. Market share depends on viewership of teams within the MSG Networks portfolio and broadcast rates negotiated with cable distributors. Revenue is derived from advertising and subscription fees.
Market Dynamics
Industry Overview
The live entertainment industry is recovering after the pandemic, with increasing demand for unique and immersive experiences. Regional sports networks are facing challenges due to cord-cutting and competition from streaming services.
Positioning
Sphere Entertainment Co. is positioned as an innovator in live entertainment, aiming to create unique experiences with its Sphere venue. MSG Networks hold a strong position in the regional sports broadcasting market.
Total Addressable Market (TAM)
The TAM for immersive entertainment experiences is estimated in the billions of dollars. The TAM for regional sports networks is also significant, but is facing downward pressure. Sphere Entertainment Co. is attempting to capture a new segment of the entertainment market with the Sphere.
Upturn SWOT Analysis
Strengths
- Innovative Sphere venue
- Strong regional sports network presence
- Experienced management team
- Proprietary technology
Weaknesses
- High capital expenditures for Sphere construction
- Reliance on regional sports broadcasting
- Negative Earnings reported in the last couple of years
- Relatively High levels of debt
Opportunities
- Expansion of Sphere venues to other locations
- Partnerships with entertainment companies
- Development of new immersive content
- Streaming services
Threats
- Economic downturn affecting entertainment spending
- Competition from other entertainment venues
- Cord-cutting affecting MSG Networks revenue
- Technological obsolescence
Competitors and Market Share
Key Competitors
- LYV
- AMC
- TWTR
Competitive Landscape
Sphere Entertainment Co.'s Sphere venue faces competition from existing large event venues. MSG Networks competes with other regional sports networks. SPHR's advantage is the novelty of the Sphere which offers a completely new experience.
Growth Trajectory and Initiatives
Historical Growth: Historical growth is tied to MSG Networks' performance, pre-Sphere. Future performance will depend on the success of the Sphere concept.
Future Projections: Future projections depend on the opening of future Sphere venues. Analyst estimates need to be gathered.
Recent Initiatives: The main initiative is the opening of the Sphere in Las Vegas.
Summary
Sphere Entertainment Co. is a company in transition, driven by the opening of the Sphere. MSG Networks provides consistent cash flow. However, the financial performance of the Sphere is still uncertain and there are significant capital expenditures. The company's future success depends on the adoption and expansion of the Sphere concept.
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Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Industry Reports
- Analyst Estimates
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market conditions and company performance can change rapidly.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Sphere Entertainment Co.
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 2020-04-09 | Executive Chairman & CEO Mr. James Lawrence Dolan | ||
Sector Communication Services | Industry Entertainment | Full time employees 1080 | |
Full time employees 1080 | |||
Sphere Entertainment Co. operates as a live entertainment and media company in the United States. It operates through two segments, Sphere and MSG Networks. The Sphere segment offers entertainment medium powered by technologies to create multi-sensory experiences. The MSG Networks segment provides regional sports and entertainment networks, as well as a direct-to-consumer and authenticated streaming products; and sports content, including live local games and other programming. 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.
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