Sphere Entertainment Co.

NYSE•SPHR

CEO: Mr. James Lawrence Dolan

セクター: Communication Services

業種: Entertainment

上場日: 2020-04-09

Sphere Entertainment Co. operates as a live entertainment and media company in the United States. It operates through two segments, Sphere and MSG Networks. The Sphere segment offers next-generation entertainment medium powered by cutting-edge technologies to create multi-sensory experiences at an unparalleled scale. The MSG Networks segment provides regional sports and entertainment networks, as well as a direct-to-consumer and authenticated streaming product. The company was formerly known as Madison Square Garden Entertainment Corp. and changed its name to Sphere Entertainment Co. in April 2023. Sphere Entertainment Co. was founded in 2006 and is based in New York, New York.

連絡先情報

Two Pennsylvania Plaza, New York, NY, 10121, United States

725-258-0001

www.sphereentertainmentco.com

時価総額

$3.81B

PER (TTM)

112.9

19.9

配当利回り

52週高値

$121.93

52週安値

$23.89

52週レンジ

83%

順位61Top 91.5%

2.0

F-Score

改良版 Piotroski 分析

10年ファンダメンタル

弱い • 2 / 9 ポイント

スコアレンジ (0-9)

8-9: 価値が優れている

6-7: 基礎体質が強い

4-5: 全体的に堅調

0-3: パフォーマンスが弱い

データ期間: 2016-2025

財務ダッシュボード

Q2 2026 データ

売上高

$394.28M+0.00%

直近4四半期の推移

EPS

$1.81+0.00%

直近4四半期の推移

フリーCF

$165.01M+0.00%

直近4四半期の推移

2026 Annual 決算ハイライト

主なハイライト

Total Revenue Growth Total revenues reached $1.22B, marking an 8% increase driven by Sphere performance success in 2025.

Profitability Turnaround Achieved Achieved Net Income of $33.405M, reversing prior year's substantial net loss of $(325.059)M for the fiscal year.

Sphere Segment AOI Surge Sphere segment AOI was $144.6M, a $164.2M improvement from 2024 operating loss of $(19.7M).

Debt Restructuring Gain Recorded $346.092M gain on debt extinguishment following MSG Networks credit facility restructuring completion in 2025.

リスク要因

Sphere Popularity Reliance Sphere success heavily relies on continued appeal of The Sphere Experience and attracting major advertisers and performers.

MSG Networks Subscriber Decline MSG Networks faces material revenue risk from ongoing traditional MVPD subscriber declines, down 13% in 2025.

High Leverage Debt Service Substantial indebtedness of $833.3M and high leverage limit financial flexibility and increase debt service obligations.

Future Venue Development Risks Sphere initiative involves complex development and construction risks for future venues, requiring significant capital outlay.

見通し

Global Sphere Expansion Focused on global network growth, advancing Sphere projects in Abu Dhabi and National Harbor, Maryland for future venues.

Original Content Investment Strategy includes developing additional original immersive productions, requiring substantial upfront investment for future monetization.

MSG Networks DTC Strategy MSG Networks strategy relies on successful execution of MSG+ DTC offering amid evolving content distribution platforms.

Capital Access Uncertainty Future capital expenditures depend on securing additional financing, availability of which remains uncertain for global expansion plans.

同業比較

売上高 (TTM)

AMC

$4.85B

+4.6%

$3.79B

-6.9%

LION

$2.80B

-12.5%

粗利益率 (最新四半期)

AMC

140.4%

+0.0pp

IAC

65.0%

-3.6pp

SPHR

58.6%

+9.1pp

主要指標

銘柄コード	時価総額	PER (TTM)	ROE (TTM)	負債比率
SPHR	$3.81B	112.9	1.5%	22.8%
BATRA	$2.99B	-127.2	-4.5%	51.8%
IAC	$2.89B	-27.8	-2.2%	20.0%

長期トレンド

直近4四半期

売上高

純利益

営業キャッシュフロー

4四半期売上高CAGR

20.0%

高成長

4四半期純利益CAGR

N/M

収益構造の変化

キャッシュフロー安定性

75%

キャッシュフローの変動が大きい

深度リサーチ

次回決算:2026年5月6日

EPS:-

売上高:-

財務データ

決算説明会

財務レポート

ニュース

損益計算書

バランスシート

キャッシュフロー計算書

財務比率

変化率

損益計算書	直近12ヶ月

データなし