SPHR · Sphere Entertainment Co.

Summary

Sphere Entertainment Co. reported Q4 2025 revenues of $394.3 million, up 28% year-over-year, with operating income of $28.9 million versus a prior year loss, and full year 2025 revenues of $1,220.0 million, up 8%, with adjusted operating income of $261.8 million, up 138%. The Sphere segment drove growth with $274.2 million Q4 revenues, up 62%, fueled by The Wizard of Oz at Sphere.