Filing Flows › Sphere Entertainment (SPHR) › Q2 2026
Sphere Entertainment (SPHR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Sphere Entertainment (SPHR) reported revenue of $314M for the second quarter 2026 (Q2 2026), +11% from a year earlier and -19% from the quarter before. Operating margin was -19.5%, net loss $38.3M (12.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $314M | -19% | +11% |
| Operating profit | −$61.3M | -951% | — |
| Net earnings | −$38.3M | -959% | -125% |
| Operating cash flow | −$33.7M | -125% | — |
What changed
Revenue was $313.6M in Q2 2026, up 11% year over year and down 19% from the previous quarter. Ticketing and venue license fee revenues was the largest line at 48% of revenue. Ticketing and venue license fee revenues added $32.4M year over year (up 28%), 105% of the total change. Other declined 27%.
Operating costs exceeded revenue by $61.3M, an operating margin of -19.5%. Total costs grew 13% against revenue growth of 11%. The fastest-growing cost line was SG&A (+23%). The quarter ended with a net loss of $38.3M, after a profit of $4.5M the previous quarter.
Operating cash flow was −$33.7M. Non-cash charges added back $84.3M of depreciation and amortization and $17.7M of share-based compensation. Working capital and other items used $97.4M. Capital expenditures of −$1.2M exceeded it, leaving free cash flow of −$32.4M.
Questions
What was Sphere Entertainment's revenue in the second quarter 2026?
Sphere Entertainment (SPHR) reported revenue of $314M for the second quarter 2026 (Q2 2026), +11% from a year earlier and -19% from the quarter before.
Was Sphere Entertainment profitable in the second quarter 2026?
Operating loss was $61.3M (-19.5% of revenue) and net loss $38.3M.