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Accel Entertainment vs Sphere Entertainment: ACEL and SPHR compared
Accel Entertainment is the larger company: $364M of revenue in its latest quarter (Q3 2026) against $274M for Sphere Entertainment (Q3 2026). Accel Entertainment is growing faster (+10% against +4% a year earlier). Accel Entertainment is more profitable, with an operating margin of 7.9% against -87.7%.
Where the money goes: ACEL and SPHR
Accel Entertainment (ACEL) · Q3 2026
Accel Entertainment, Q3 2026: revenue $364M (+10% year over year), operating margin 7.9%, net earnings $20.6M, operating cash flow $79.4M. The chart follows the revenue to costs, profit and cash.
Sphere Entertainment (SPHR) · Q3 2026
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.
| Accel Entertainment (ACEL) | Sphere Entertainment (SPHR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $364M | $274M |
| Revenue growth, Y/Y | +10% | +4% |
| Operating margin | 7.9% | -87.7% |
| Net earnings | $20.6M | −$176M |
| Net margin | 5.7% | -64.2% |
| Operating cash flow | $79.4M | $56.9M |
| Free cash flow | $62.0M | $26.5M |
| Market value | $1.1B | $3.9B |
| P/E | 18.1× | — |
| Analysts’ mean target | $15.71 | $156.62 |
Where the revenue comes from
Accel Entertainment
- Net gaming: $343M (94%)
- ATM fees and other: $14.2M (4%)
- Amusement: $5.0M (1%)
Sphere Entertainment
- Ticketing and venue license fee revenues: $137M (50%)
- Media networks revenues: $75.4M (27%)
- Food, beverage, and merchandise revenues: $31.0M (11%)
- Sponsorship, signage, Exosphere advertising, and suite license revenues: $22.9M (8%)
Questions
Which is bigger, Accel Entertainment or Sphere Entertainment?
Accel Entertainment is the larger company: $364M of revenue in its latest quarter (Q3 2026) against $274M for Sphere Entertainment (Q3 2026).
Is Accel Entertainment or Sphere Entertainment growing faster?
Accel Entertainment is growing faster (+10% against +4% a year earlier).
Which is more profitable, Accel Entertainment or Sphere Entertainment?
Accel Entertainment is more profitable, with an operating margin of 7.9% against -87.7%.
More: Accel Entertainment earnings · how Accel Entertainment makes money · Sphere Entertainment earnings · how Sphere Entertainment makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.