Filing Flows › Sphere Entertainment (SPHR) › Q3 2026
Sphere Entertainment (SPHR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Sphere Entertainment (SPHR) reported revenue of $274M for the third quarter 2026 (Q3 2026), +4% from a year earlier and -13% from the quarter before. Operating margin was -87.7%, net loss $176M (64.2% of revenue).
Sphere Entertainment, Q3 2026: revenue $274M (+4% year over year), operating margin -87.7%, net loss $176M, operating cash flow $56.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $274M | -13% | +4% |
| Operating profit | −$241M | — | — |
| Net earnings | −$176M | — | — |
| Operating cash flow | $56.9M | — | -51% |
| Free cash flow | $26.5M | — | -77% |
What changed
Revenue was $274.3M in Q3 2026, up 4% year over year and down 13% from the previous quarter. Ticketing and venue license fee revenues was the largest line at 50% of revenue. Ticketing and venue license fee revenues added $12.7M year over year (up 10%), 108% of the total change. Media networks revenues declined 15%.
Operating costs exceeded revenue by $240.6M, an operating margin of -87.7%. Total costs grew 21% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+25%). The quarter ended with a net loss of $176.0M, wider than the previous quarter's $38.3M loss.
Operating cash flow was $56.9M (down 51% year over year). Non-cash charges added back $83.4M of depreciation and amortization and $14.7M of share-based compensation. Working capital and other items added $134.8M. Capital expenditures of $30.4M left free cash flow of $26.5M.
Questions
What was Sphere Entertainment's revenue in the third quarter 2026?
Sphere Entertainment (SPHR) reported revenue of $274M for the third quarter 2026 (Q3 2026), +4% from a year earlier and -13% from the quarter before.
Was Sphere Entertainment profitable in the third quarter 2026?
Operating loss was $241M (-87.7% of revenue) and net loss $176M.