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SPHR 
Sphere Entertainment Co. (SPHR)
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Upturn Advisory Summary
12/26/2025: SPHR (4-star) is a STRONG-BUY. BUY since 82 days. Simulated Profits (103.15%). 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 $87.1
1 Year Target Price $87.1
| 4 | Strong Buy |
| 2 | Buy |
| 3 | Hold |
| 0 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 111.67% | Avg. Invested days 36 | Today’s Advisory Regular Buy |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 12/26/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.36B USD | Price to earnings Ratio - | 1Y Target Price 87.1 |
Price to earnings Ratio - | 1Y Target Price 87.1 | ||
Volume (30-day avg) 10 | Beta 1.78 | 52 Weeks Range 23.89 - 96.73 | Updated Date 12/28/2025 |
52 Weeks Range 23.89 - 96.73 | Updated Date 12/28/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -9.79 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Earnings Date
Report Date - | When - | Estimate - | Actual - |
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 3915361405 | Price to Sales(TTM) 3.13 |
Enterprise Value 3915361405 | Price to Sales(TTM) 3.13 | ||
Enterprise Value to Revenue 3.46 | Enterprise Value to EBITDA 5.35 | Shares Outstanding 28447507 | Shares Floating 24205101 |
Shares Outstanding 28447507 | Shares Floating 24205101 | ||
Percent Insiders 6.39 | Percent Institutions 119.82 |
Upturn AI SWOT
Sphere Entertainment Co.
Company Overview
History and Background
Sphere Entertainment Co. (formerly The Madison Square Garden Company) was spun off from its parent company, Madison Square Garden Entertainment Corp., in April 2023. The company is primarily known for its iconic entertainment venues, including Madison Square Garden and Radio City Music Hall, and its pioneering work in experiential entertainment, most notably the Sphere in Las Vegas. The spin-off allowed Sphere Entertainment Co. to focus on its live entertainment and venue operations, separate from its traditional media and entertainment businesses.
Core Business Areas
- Venue Operations: Owns and operates world-renowned entertainment venues such as Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall, and the Beacon Theatre in New York City, as well as The Garden Arena in Las Vegas (which houses the Sphere).
- Experiential Entertainment: Focuses on developing and producing immersive entertainment experiences, with the Sphere in Las Vegas being the flagship example, offering unique visual and auditory spectacles.
- Live Sports and Entertainment: Hosts a variety of live sporting events, concerts, and performances across its portfolio of venues.
Leadership and Structure
Sphere Entertainment Co. is led by a management team and overseen by a Board of Directors. Key figures include James L. Dolan as Executive Chairman and CEO. The company operates as a publicly traded entity with a corporate structure common to large entertainment and venue management firms.
Top Products and Market Share
Key Offerings
- The Sphere (Las Vegas): A state-of-the-art entertainment venue featuring a massive, high-resolution LED exterior and interior, designed for immersive live events, concerts, and original content. Revenue is generated through ticket sales for events, advertising on the exterior, and premium experiences. Competitors in the live entertainment and venue space include other major concert promoters and arena operators. Specific market share data for The Sphere as a singular product is not publicly disclosed, but it represents a significant new offering in the premium entertainment market.
- Madison Square Garden (Venue): A historic and iconic multipurpose indoor arena in New York City hosting major sporting events (New York Knicks, New York Rangers), concerts, and other live performances. Revenue streams include ticket sales, concessions, premium seating, and advertising. Competitors are other major arenas and entertainment venues in major metropolitan areas.
- Radio City Music Hall (Venue): A renowned entertainment venue in New York City, famous for hosting the Rockettes Christmas Spectacular, concerts, and other prestigious events. Revenue generation is similar to MSG. Competitors are other large theaters and entertainment venues.
Market Dynamics
Industry Overview
Sphere Entertainment Co. operates in the live entertainment, venue management, and experiential technology sectors. This industry is characterized by significant capital investment in infrastructure, strong demand for unique experiences, and a competitive landscape for talent and audiences. The post-pandemic recovery has seen a resurgence in live events.
Positioning
Sphere Entertainment Co. is positioned as a leader in premium, large-scale entertainment venues and innovative experiential offerings. Its key competitive advantages include ownership of iconic, historically significant venues, a first-mover advantage in large-scale immersive technologies with The Sphere, and strong relationships with artists, sports leagues, and promoters.
Total Addressable Market (TAM)
The TAM for live entertainment and experiential events is substantial and growing. While a precise TAM figure for Sphere Entertainment Co.'s specific niche is hard to quantify, the global market for live events, concerts, and immersive entertainment is in the hundreds of billions of dollars annually. Sphere Entertainment Co. aims to capture a significant portion of this market through its unique venue offerings and differentiated experiences.
Upturn SWOT Analysis
Strengths
- Ownership of iconic and historic entertainment venues (MSG, Radio City Music Hall).
- Pioneering position and unique offering with The Sphere in Las Vegas.
- Strong brand recognition and established reputation in live entertainment.
- Experienced management team with deep industry knowledge.
- Diverse revenue streams from venue operations, events, and advertising.
Weaknesses
- High capital expenditure required for venue development and maintenance.
- Dependence on the success of specific events and performers.
- Geographic concentration of primary venues.
- Potential for high operating costs associated with advanced technologies like The Sphere.
Opportunities
- Expansion of Sphere concept to other global markets.
- Development of new immersive content and experiences for The Sphere.
- Partnerships with technology companies to enhance venue offerings.
- Growth in demand for unique, high-end entertainment experiences.
- Leveraging data analytics to optimize event programming and audience engagement.
Threats
- Economic downturns impacting consumer discretionary spending on entertainment.
- Increased competition from other entertainment venues and formats.
- Technological obsolescence and the need for continuous innovation.
- Potential for unforeseen operational disruptions (e.g., pandemics, natural disasters).
- Rising costs of talent, production, and operations.
Competitors and Market Share
Key Competitors
- Live Nation Entertainment (LYV)
- AEG Presents (Private)
- Clearview Cinema Corp. (CVLC) - N/A
- AMC Entertainment Holdings, Inc. (AMC) - N/A
- Cinemark Holdings, Inc. (CNK) - N/A
Competitive Landscape
Sphere Entertainment Co. competes with major live event promoters and venue operators. Its advantage lies in its ownership of unique, high-capacity, and technologically advanced venues like The Sphere. However, it faces strong competition from companies like Live Nation, which has a vast network of venues and artist relationships. The key differentiator for Sphere is its focus on cutting-edge immersive experiences at scale.
Growth Trajectory and Initiatives
Historical Growth: Post-spin-off, Sphere Entertainment Co.'s growth trajectory is largely defined by the ramp-up of The Sphere's operations and the continued performance of its legacy venues. Early growth would be tied to the successful launch and operationalization of the Las Vegas Sphere. The recovery of the live entertainment market also plays a significant role.
Future Projections: Future projections for Sphere Entertainment Co. are likely focused on the sustained success of The Sphere, potential expansion of the Sphere concept, and growth in event bookings across its venue portfolio. Analyst estimates would typically consider ticket sales volume, premium experience uptake, advertising revenue, and operational efficiencies.
Recent Initiatives: The most significant recent initiative is the successful launch and operation of The Sphere in Las Vegas. Other initiatives would likely involve enhancing the programming and content offerings within their venues, exploring strategic partnerships, and optimizing operational efficiencies.
Summary
Sphere Entertainment Co. is a unique player in the entertainment industry, leveraging iconic venues and pioneering immersive technology with its flagship Sphere in Las Vegas. The company's strengths lie in its premier real estate and innovative offerings, while its weaknesses include high capital costs and dependence on event success. Key opportunities involve expanding the Sphere concept and developing new content, but threats from economic downturns and competition persist. Continued success hinges on the profitability and scalability of The Sphere and the robust performance of its established venues.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Sphere Entertainment Co. Investor Relations
- SEC Filings (10-K, 10-Q)
- Industry Analysis Reports (e.g., Statista, IBISWorld)
- Financial News Outlets (e.g., Wall Street Journal, Bloomberg)
Disclaimers:
This JSON output is for informational purposes only and does not constitute financial advice. Market share data and financial projections are estimates and subject to change. Investors should conduct their own due diligence and consult with a qualified financial advisor before making investment decisions.
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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