Sphere Entertainment Co. (SPHR)Communication Services | Entertainment | New York, United States | NYSE
140.96 USD
+3.94
(2.875%)
⇧
(July 15, 2026, 11:18 a.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 3:20 a.m. EDT
Sphere Entertainment presents a classic high-risk, high-reward growth profile where the business story is compelling but the financials remain precarious. The company is delivering impressive revenue growth of nearly 38%, which fuels the strong analyst consensus and justifies the long-term upside potential. However, the valuation is stretched with a trailing P/E over 50x and negative forward earnings, creating significant uncertainty about whether the market can sustain these multiples. For the short term, the stock is trading above its 200-day moving average, indicating a resilient underlying trend, but recent price weakness and a negative statistical forecast suggest a period of consolidation or further correction is likely before the next leg up. There is no dividend income to cushion the ride, making this purely a capital appreciation play. Investors should view the current dip as a potential entry point for those comfortable with the volatility and the risk of negative earnings guidance, rather than a definitive sell signal given the strong long-term revenue trajectory. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.049848 |
| AutoETS | 0.095065 |
| AutoARIMA | 0.095067 |
| MSTL | 0.102984 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 37% |
| H-stat | 7.31 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.376 |
| Excess Kurtosis | -0.37 |
| Attribute | Value |
|---|---|
| Sector | Communication Services |
| Debt to Equity Ratio | 41.744 |
| Revenue per Share | 36.819 |
| Market Cap | 5,045,269,504 |
| Trailing P/E | 47.46 |
| Forward P/E | -66.81 |
| Beta | 1.60 |
| Profit Margins | 8.58% |
| Previous Name | Madison Square Garden Entertainment Corp. |
| Website | https://www.sphereentertainmentco.com |
As of July 11, 2026, 3:20 a.m. EDT: Speculators are positioning for continued volatility with elevated implied volatility ranging from 50% to 65%. Call buyers are clustering around the $160 to $180 strike range for near-to-mid-term expirations, suggesting a bullish bias toward upside targets. Conversely, put buyers are hedging downside risks at the $95 to $110 level, while deep in-the-money put positions for 2027 indicate a fear of a significant drawdown or a strategy to protect against a crash. The heavy open interest at the $150 strike across multiple expirations acts as a major support wall.
| Attribute | Value |
|---|---|
| 52 Week Change | 2.149885 |
| Address1 | Two Pennsylvania Plaza |
| All Time High | 174.6 |
| All Time Low | 18.00462 |
| Ask | 141.21 |
| Ask Size | 200 |
| Audit Risk | 3 |
| Average Analyst Rating | 1.4 - Strong Buy |
| Average Daily Volume10 Day | 682,310 |
| Average Daily Volume3 Month | 712,578 |
| Average Volume | 712,578 |
| Average Volume10Days | 682,310 |
| Beta | 1.6 |
| Bid | 140.63 |
| Bid Size | 100 |
| Board Risk | 10 |
| Book Value | 62.907 |
| City | New York |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 10 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 140.96 |
| Current Ratio | 1.217 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 142.01 |
| Day Low | 138.49 |
| Debt To Equity | 41.744 |
| Display Name | Sphere Entertainment |
| Earnings Call Timestamp End | 1,777,989,600 |
| Earnings Call Timestamp Start | 1,777,989,600 |
| Earnings Timestamp | 1,777,984,200 |
| Earnings Timestamp End | 1,786,019,400 |
| Earnings Timestamp Start | 1,786,019,400 |
| Ebitda | 269,356,000 |
| Ebitda Margins | 0.20315 |
| Enterprise To Ebitda | 19.355 |
| Enterprise To Revenue | 3.932 |
| Enterprise Value | 5,213,507,584 |
| Eps Current Year | -2.055 |
| Eps Forward | -2.11 |
| Eps Trailing Twelve Months | 2.97 |
| Esg Populated | 0 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 145.4768 |
| Fifty Day Average Change | -4.5168 |
| Fifty Day Average Change Percent | -0.031048248 |
| Fifty Two Week Change Percent | 214.9885 |
| Fifty Two Week High | 174.6 |
| Fifty Two Week High Change | -33.64 |
| Fifty Two Week High Change Percent | -0.19266894 |
| Fifty Two Week Low | 37.89 |
| Fifty Two Week Low Change | 103.07001 |
| Fifty Two Week Low Change Percent | 2.720243 |
| Fifty Two Week Range | 37.89 - 174.6 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,586,439,000,000 |
| Float Shares | 24,648,659 |
| Forward Eps | -2.11 |
| Forward P E | -66.805695 |
| Free Cashflow | 420,420,512 |
| Full Exchange Name | NYSE |
| Full Time Employees | 1,100 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,782,864,000 |
| Gross Margins | 0.55138 |
| Gross Profits | 731,068,032 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.06611 |
| Held Percent Institutions | 1.31489 |
| Implied Shares Outstanding | 35,792,203 |
| Industry | Entertainment |
| Industry Disp | Entertainment |
| Industry Key | entertainment |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,682,035,200 |
| Last Split Factor | 2,165:1000 |
| Long Business Summary | 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; direct-to-consumer and authenticated streaming products, as well as 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. |
| Long Name | Sphere Entertainment Co. |
| Market | us_market |
| Market Cap | 5,045,269,504 |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_572161426 |
| Most Recent Quarter | 1,774,915,200 |
| Name Change Date | 2,026-07-15 |
| Net Income To Common | 113,766,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 4,904,247,654 |
| Number Of Analyst Opinions | 11 |
| Open | 137.72 |
| Operating Cashflow | 373,239,008 |
| Operating Margins | 0.026719999 |
| Overall Risk | 10 |
| Payout Ratio | 0.0 |
| Phone | 725 258 0001 |
| Prev Name | Madison Square Garden Entertainment Corp. |
| Previous Close | 137.02 |
| Price Eps Current Year | -68.59367 |
| Price Hint | 2 |
| Price To Book | 2.2407682 |
| Price To Sales Trailing12 Months | 3.8052146 |
| Profit Margins | 0.0858 |
| Quick Ratio | 1.119 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | strong_buy |
| Recommendation Mean | 1.41667 |
| Region | US |
| Regular Market Change | 3.9400024 |
| Regular Market Change Percent | 2.8754942 |
| Regular Market Day High | 142.01 |
| Regular Market Day Low | 138.49 |
| Regular Market Day Range | 138.49 - 142.01 |
| Regular Market Open | 137.72 |
| Regular Market Previous Close | 137.02 |
| Regular Market Price | 140.96 |
| Regular Market Time | 1,784,128,694 |
| Regular Market Volume | 84,778 |
| Return On Assets | -0.00969 |
| Return On Equity | 0.05459 |
| Revenue Growth | 0.377 |
| Revenue Per Share | 36.819 |
| Sand P52 Week Change | 0.2043345 |
| Sector | Communication Services |
| Sector Disp | Communication Services |
| Sector Key | communication-services |
| Share Holder Rights Risk | 10 |
| Shares Outstanding | 28,925,449 |
| Shares Percent Shares Out | 0.2037 |
| Shares Short | 7,292,305 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 7,181,667 |
| Short Name | Sphere Entertainment Co. |
| Short Percent Of Float | 0.36130002 |
| Short Ratio | 9.3 |
| Source Interval | 15 |
| State | NY |
| Symbol | SPHR |
| Target High Price | 200.0 |
| Target Low Price | 150.0 |
| Target Mean Price | 175.18182 |
| Target Median Price | 175.0 |
| Total Cash | 629,107,968 |
| Total Cash Per Share | 17.577 |
| Total Debt | 938,368,000 |
| Total Revenue | 1,325,883,008 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 2.97 |
| Trailing P E | 47.46128 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 107.59905 |
| Two Hundred Day Average Change | 33.360954 |
| Two Hundred Day Average Change Percent | 0.3100488 |
| Type Disp | Equity |
| Volume | 84,778 |
| Website | https://www.sphereentertainmentco.com |
| Zip | 10,121 |