NYSE: SPHR
Sphere Entertainment Co.
Communication Services · Entertainment
Market Cap
$5.67B
52w High
$160.36
52w Low
$37.89
P/E
47.11
Volume
635.98K
Outstanding Shares
36.01M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 309.29% over the last year. Revenue grew 21.62% over the trailing twelve months. Operating margin moved from -37.66% to -10.57%. Free cash flow grew 679.83% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/E range (63rd percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at -10.57% — continued expansion would be needed to justify the premium. Revenue growth of 21.62% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Sphere Entertainment Co. is a prominent player in the entertainment sector, specializing in orchestrating, staging, and hosting a diverse array of live events.
Valuation
Stock splits
Every 200 shares became 433
Profitability & growth
Analyst consensus
11
Buy
3
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 6, 2026
Q3 FY26 · EPS est -$1.20 · Revenue est $309.03M
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