Filing Flows › Sphere Entertainment (SPHR) › Q2 2026 › vs Q1 2026
Sphere Entertainment (SPHR) Q2 2026 vs Q1 2026 (quarter over quarter)
Sphere Entertainment's revenue fell $72.8M (-19%) from $386M in Q1 2026 to $314M in Q2 2026. The biggest changes: Ticketing and venue license fee revenues −$48.1M (-24%); Media networks revenues −$33.2M (-28%); Sponsorship, signage, Exosphere advertising, and suite license revenues +$7.7M (+28%).
Sphere Entertainment, Q2 2026: revenue $314M (+11% year over year), operating margin -19.5%, net loss $38.3M, operating cash flow −$33.7M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Ticketing and venue license fee revenues | $150M | $198M | −$48.1M | -24% |
| Media networks revenues | $87.3M | $120M | −$33.2M | -28% |
| Food, beverage, and merchandise revenues | $36.0M | $33.7M | $2.2M | +7% |
| Sponsorship, signage, Exosphere advertising, and suite license revenues | $34.8M | $27.1M | $7.7M | +28% |
| Other | $5.0M | $6.4M | −$1.5M | -23% |
| Revenue | $314M | $386M | −$72.8M | -19% |
| Income tax benefit | $26.9M | $4.8M | $22.1M | +456% |
| Net loss | $38.3M | −$4.5M | $42.8M | — |
| Costs & expenses | $379M | $391M | −$12.4M | -3% |
| Operating costs | $375M | $379M | −$4.3M | -1% |
| Interest & other, net | $4.0M | $7.6M | −$3.6M | -47% |
| SG&A | $139M | $122M | $17.5M | +14% |
| Other operating costs | $236M | $258M | −$21.8M | -8% |
| Operating cash sources | $136M | −$38.0M | $174M | — |
| Depreciation & amortization | $84.3M | $84.4M | −$59K | -0.1% |
| Share-based compensation | $17.7M | $13.9M | $3.8M | +27% |
| Cash used in operations | $33.7M | −$136M | $170M | — |
| Net loss absorbed | $38.3M | −$4.5M | $42.8M | — |
| Working capital & other | $97.4M | −$33.5M | $131M | — |
Questions
How much did Sphere Entertainment's revenue grow quarter over quarter in Q2 2026?
Sphere Entertainment's revenue fell $72.8M (-19%) from $386M in Q1 2026 to $314M in Q2 2026.
What drove Sphere Entertainment's revenue change in Q2 2026?
Ticketing and venue license fee revenues −$48.1M (-24%); Media networks revenues −$33.2M (-28%); Sponsorship, signage, Exosphere advertising, and suite license revenues +$7.7M (+28%).