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Lucky Strike Entertainment vs Sphere Entertainment: LUCK and SPHR compared
Lucky Strike Entertainment is the larger company: $303M of revenue in its latest quarter (Q1 FY27) against $274M for Sphere Entertainment (Q3 2026). Sphere Entertainment is growing faster (+4% against +4% a year earlier). Lucky Strike Entertainment is more profitable, with an operating margin of 9.3% against -87.7%.
Where the money goes: LUCK and SPHR
Lucky Strike Entertainment (LUCK) · Q1 FY27
Lucky Strike Entertainment, Q1 FY27: revenue $303M (+4% year over year), operating margin 9.3%, net loss $25.7M, operating cash flow $17.1M. 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.
| Lucky Strike Entertainment (LUCK) | Sphere Entertainment (SPHR) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 2026 |
| Revenue | $303M | $274M |
| Revenue growth, Y/Y | +4% | +4% |
| Operating margin | 9.3% | -87.7% |
| Net earnings | −$25.7M | −$176M |
| Net margin | -8.5% | -64.2% |
| Operating cash flow | $17.1M | $56.9M |
| Free cash flow | — | $26.5M |
| Market value | — | $3.9B |
| Analysts’ mean target | — | $156.62 |
Where the revenue comes from
Lucky Strike Entertainment
- Bowling: $122M (40%)
- Food & beverage: $98.5M (33%)
- Amusement & other: $82.1M (27%)
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, Lucky Strike Entertainment or Sphere Entertainment?
Lucky Strike Entertainment is the larger company: $303M of revenue in its latest quarter (Q1 FY27) against $274M for Sphere Entertainment (Q3 2026).
Is Lucky Strike Entertainment or Sphere Entertainment growing faster?
Sphere Entertainment is growing faster (+4% against +4% a year earlier).
Which is more profitable, Lucky Strike Entertainment or Sphere Entertainment?
Lucky Strike Entertainment is more profitable, with an operating margin of 9.3% against -87.7%.
More: Lucky Strike Entertainment earnings · how Lucky Strike 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 5, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.