Filing Flows › Sphere Entertainment (SPHR) › Q3 2026 › vs Q2 2026
Sphere Entertainment (SPHR) Q3 2026 vs Q2 2026 (quarter over quarter)
Sphere Entertainment's revenue fell $39.4M (-13%) from $314M in Q2 2026 to $274M in Q3 2026. The biggest changes: Ticketing and venue license fee revenues −$12.9M (-9%); Sponsorship, signage, Exosphere advertising, and suite license revenues −$11.9M (-34%); Media networks revenues −$11.9M (-14%).
Sphere Entertainment, Q3 2026: revenue $274M (+4% year over year), operating margin -87.7%, net loss $176M, operating cash flow $56.9M. The chart draws each line against Q2 2026, the increases inside each band.
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Ticketing and venue license fee revenues | $137M | $150M | −$12.9M | -9% |
| Media networks revenues | $75.4M | $87.3M | −$11.9M | -14% |
| Food, beverage, and merchandise revenues | $31.0M | $36.0M | −$5.0M | -14% |
| Sponsorship, signage, Exosphere advertising, and suite license revenues | $22.9M | $34.8M | −$11.9M | -34% |
| Other | $7.7M | $5.0M | $2.7M | +54% |
| Revenue | $274M | $314M | −$39.4M | -13% |
| Income tax benefit | $68.8M | $26.9M | $41.9M | +156% |
| Net loss | $176M | $38.3M | $138M | +359% |
| Costs & expenses | $519M | $379M | $140M | +37% |
| Operating costs | $515M | $375M | $140M | +37% |
| Interest & other, net | $4.3M | $4.0M | $300K | +8% |
| SG&A | $108M | $139M | −$30.9M | -22% |
| Other operating costs | $406M | $236M | $171M | +72% |
| Operating cash sources | $233M | $4.7M | $228M | 50× |
| Depreciation & amortization | $83.4M | $84.3M | −$934K | -1% |
| Share-based compensation | $14.7M | $17.7M | −$3.0M | -17% |
| Working capital & other | $135M | −$97.4M | $232M | — |
| Net loss absorbed | $176M | $38.3M | $138M | +359% |
| Operating cash flow | $56.9M | −$33.7M | $90.5M | — |
Questions
How much did Sphere Entertainment's revenue grow quarter over quarter in Q3 2026?
Sphere Entertainment's revenue fell $39.4M (-13%) from $314M in Q2 2026 to $274M in Q3 2026.
What drove Sphere Entertainment's revenue change in Q3 2026?
Ticketing and venue license fee revenues −$12.9M (-9%); Sponsorship, signage, Exosphere advertising, and suite license revenues −$11.9M (-34%); Media networks revenues −$11.9M (-14%).