Sphere Entertainment Co. (SPHR)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Sphere Entertainment Co. (SPHR) trades at $138.48 with AI Score 58/100 (Grade B). Sphere Entertainment Co. operates in the entertainment sector, focusing on live events and venue management. Market cap: $4.99B, Sector: Communication services.
Last analyzed: May 9, 2026SPHR stock analysis for 2026: Analysts have set a consensus price target of $118.45 for Sphere Entertainment Co., suggesting 14.5% downside from the current price of $138.48. The AI MoonshotScore is 58/100, indicating a neutral outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
SPHR: 1/3 perspectives are bullish. Dominant signal: Ray Dalio bullish.
Sphere Entertainment Co. (SPHR) Media & Communications Profile
Sphere Entertainment Co. delivers live entertainment experiences through iconic venues and dining brands. Operating in the Communication Services sector, the company hosts concerts, sporting events, and operates entertainment venues, including the Radio City Rockettes, positioning itself in a competitive entertainment landscape.
What Is the Investment Thesis for SPHR?
Sphere Entertainment Co. presents a compelling investment case driven by its iconic venues and diverse entertainment offerings. With a market capitalization of $4.82 billion and a P/E ratio of 40.94, the company demonstrates profitability with a 9.0% profit margin and a 48.3% gross margin. Key value drivers include the continued success of the Radio City Rockettes' Christmas Spectacular, the expansion of its entertainment dining and nightlife venues, and the potential of its state-of-the-art Sphere venue in Las Vegas. Growth catalysts involve leveraging its established brands and venues to attract a wide range of events and audiences. Potential risks include competition from other entertainment providers and economic downturns affecting consumer spending on live entertainment.
Based on FMP financials and quantitative analysis
SPHR Key Highlights
- Market Cap of $4.82B reflects substantial investor interest in Sphere Entertainment's assets and growth potential.
- P/E Ratio of 40.94 indicates investor expectations for future earnings growth, relative to current earnings.
- Profit Margin of 9.0% demonstrates the company's ability to generate profit from its revenue streams.
- Gross Margin of 48.3% highlights efficient cost management in delivering entertainment experiences.
- Beta of 1.65 suggests that the stock is more volatile than the market average, potentially offering higher returns but also greater risk.
Who Are SPHR's Competitors?
Who Are SPHR's Competitors?
SPHR is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| LION Lionsgate Studios Corp. | $13.56 | +0.33% | $3.94B | 49 |
| IAC IAC/InterActiveCorp | $42.20 | +0.29% | $3.14B | 56 |
| HDUP HeadsUp Entertainment International Inc. | $0.02 | -36.67% | $4.50M | 65 |
| ANGX Angel Studios, Inc. | $2.85 | +2.15% | $458.53M | 65 |
| BREA Brera Holdings PLC Class B Ordinary Shares | $25.20 | +1.94% | $60.85M | 63 |
| LGMH Light Media Holdings, Inc. | $0.60 | +0.00% | $33.35M | 63 |
| CPOP Pop Culture Group Co., Ltd | $0.48 | +65.82% | 7M | 58 |
| TKO TKO Group Holdings, Inc. | $205.18 | +0.03% | $15.38B | 58 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are SPHR's Key Strengths?
- Iconic venues with strong brand recognition.
- Diverse entertainment offerings, including live events and dining.
- Established presence in major markets.
- Experienced management team.
What Are SPHR's Weaknesses?
- High operating costs associated with venue management.
- Dependence on consumer spending on entertainment.
- Vulnerability to economic downturns.
- Competition from other entertainment providers.
What Could Drive SPHR Stock Higher?
- Continued success of the Radio City Rockettes' Christmas Spectacular.
- Expansion of entertainment dining and nightlife venues.
- Potential expansion of Sphere venues to new markets.
- Leveraging technology to enhance the audience experience.
What Are the Key Risks for SPHR?
- Competition from other entertainment venues and providers.
- Economic downturns affecting consumer spending.
- Changing consumer preferences.
- High operating costs associated with venue management.
- Disruptions from new technologies.
What Are the Growth Opportunities for SPHR?
- Growth opportunity 1: Expansion of Sphere Venues: The successful launch and operation of the Sphere in Las Vegas present a significant growth opportunity. Future expansion to other major cities could drive substantial revenue growth. Each Sphere venue represents a large-scale investment, but the potential for high-revenue generation through concerts, events, and immersive experiences is considerable. The timeline for expansion depends on the success of the Las Vegas venue and securing suitable locations.
- Growth opportunity 2: Leveraging the Radio City Rockettes Brand: The Radio City Rockettes and the Christmas Spectacular at Radio City Music Hall are iconic entertainment brands. Expanding the Rockettes' performances to other venues and markets could drive revenue growth and increase brand recognition. This could involve touring productions, partnerships with other entertainment companies, or creating new Rockettes-themed experiences. The timeline for expansion could be within the next 2-3 years.
- Growth opportunity 3: Expansion of Entertainment Dining and Nightlife Venues: Sphere Entertainment operates 70 entertainment dining and nightlife venues across 20 markets. Expanding this portfolio to new markets and introducing new concepts could drive revenue growth. This could involve acquiring existing venues, developing new concepts, or partnering with other hospitality companies. The timeline for expansion could be ongoing, with new venues opening each year.
- Growth opportunity 4: Enhanced Immersive Experiences: Investing in technology to enhance the immersive experience at its venues represents a growth opportunity. This could involve incorporating virtual reality, augmented reality, and other technologies to create unique and engaging experiences for audiences. This would differentiate Sphere Entertainment from competitors and attract a wider range of customers. The timeline for implementation could be within the next 1-2 years.
- Growth opportunity 5: Strategic Partnerships and Acquisitions: Forming strategic partnerships with other entertainment companies, technology providers, and venue operators could drive growth and expand Sphere Entertainment's reach. This could involve co-producing events, sharing technology, or acquiring complementary businesses. Such partnerships could accelerate growth and enhance the company's competitive position. The timeline for partnerships and acquisitions is opportunistic and depends on market conditions.
What Opportunities Does SPHR Have?
- Expansion of Sphere venues to new markets.
- Leveraging technology to enhance the audience experience.
- Strategic partnerships and acquisitions.
- Growth in the live entertainment industry.
What Threats Does SPHR Face?
- Competition from other entertainment venues and providers.
- Economic downturns affecting consumer spending.
- Changing consumer preferences.
- Potential disruptions from new technologies.
What Are SPHR's Competitive Advantages?
- Iconic Venues: Ownership and operation of world-renowned venues like Madison Square Garden and Radio City Music Hall provide a significant competitive advantage.
- Established Brands: Strong brand recognition for entertainment dining and nightlife venues like Tao and Hakkasan.
- Unique Entertainment Offerings: The Radio City Rockettes and the Christmas Spectacular provide a unique and differentiated entertainment experience.
- Strategic Locations: Venues are located in prime locations in major cities, attracting a large audience.
What Does SPHR Do?
Sphere Entertainment Co., established in 2006 and headquartered in New York City, is a diversified entertainment company focused on delivering live experiences. Originally known as Madison Square Garden Entertainment Corp., the company rebranded in April 2023 to reflect its broader entertainment focus. Sphere Entertainment operates iconic venues such as The Garden, Hulu Theater, Radio City Music Hall, the Beacon Theatre in New York City, and The Chicago Theatre. These venues host a variety of live entertainment events, including concerts, family shows, special events, sporting events like professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, esports, and wrestling. In addition to venue operations, Sphere Entertainment manages 70 entertainment dining and nightlife venues across 20 markets on five continents under brands like Tao, Marquee, Lavo, Beauty & Essex, Cathédrale, Hakkasan, and Omnia. The company also produces and operates New England's premier music festival. A key component of Sphere Entertainment is the Radio City Rockettes, who headline the Christmas Spectacular at Radio City Music Hall, a long-standing holiday tradition. Sphere Entertainment competes with other entertainment companies by offering a diverse range of live experiences and leveraging its established brand recognition.
What Products and Services Does SPHR Offer?
- Operates iconic entertainment venues, including Madison Square Garden and Radio City Music Hall.
- Hosts a variety of live entertainment events, such as concerts, family shows, and sporting events.
- Manages entertainment dining and nightlife venues under brands like Tao, Marquee, and Hakkasan.
- Produces the Christmas Spectacular starring the Radio City Rockettes.
- Creates and operates New England's premier music festival.
- Presents sporting events including professional boxing, college basketball and hockey, and esports.
How Does SPHR Make Money?
- Generates revenue from ticket sales for live entertainment events.
- Operates entertainment dining and nightlife venues, generating revenue from food and beverage sales.
- Secures revenue from sponsorships and advertising within its venues.
- Creates and operates music festivals, generating revenue from ticket sales and sponsorships.
What Industry Does SPHR Operate In?
Sphere Entertainment Co. operates within the dynamic and competitive entertainment industry. The industry is characterized by evolving consumer preferences, technological advancements, and a constant demand for unique and engaging experiences. The company competes with other live entertainment providers, venue operators, and dining and nightlife establishments. Market trends include the increasing popularity of live events, the growth of experiential entertainment, and the integration of technology to enhance the audience experience. Sphere Entertainment's iconic venues and diverse offerings position it to capitalize on these trends, but it must also navigate the challenges of competition and changing consumer tastes.
Who Are SPHR's Key Customers?
- Consumers seeking live entertainment experiences, including concerts, family shows, and sporting events.
- Patrons of entertainment dining and nightlife venues.
- Corporations seeking sponsorship and advertising opportunities.
- Event organizers and promoters looking for venues to host their events.
SPHR Financials
SPHR Latest News
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3 Consumer Stocks We Keep Off Our Radar
Yahoo! Finance: SPHR News · May 20, 2026
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SPHR: Lowering target price to $142.00
Argus Research · May 20, 2026
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BTIG Reiterates Buy on Sphere Entertainment, Maintains $190 Price Target
benzinga · May 19, 2026
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James Dolan moves to split Knicks and Rangers into two separate public companies
nypost.com · May 18, 2026
SPHR Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for SPHR.
Price Targets
Consensus target: $118.45
SPHR MoonshotScore
What does this score mean?
The MoonshotScore rates SPHR's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Who Are SPHR's Competitors?
Latest News
3 Consumer Stocks We Keep Off Our Radar
SPHR: Lowering target price to $142.00
BTIG Reiterates Buy on Sphere Entertainment, Maintains $190 Price Target
James Dolan moves to split Knicks and Rangers into two separate public companies
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3 min readLeadership: James Lawrence Dolan
CEO
James Lawrence Dolan has served as CEO of Sphere Entertainment Co. since its inception. He has a long history in the entertainment and media industries, having previously held leadership positions at Madison Square Garden Company and Cablevision Systems Corporation. His experience includes managing large-scale entertainment operations, developing strategic partnerships, and overseeing significant capital investments. Dolan's background also includes involvement in professional sports, with ownership stakes in the New York Knicks and New York Rangers.
Track Record: Under James Lawrence Dolan's leadership, Sphere Entertainment Co. has focused on expanding its entertainment offerings and leveraging its iconic venues. Key achievements include the development and launch of the Sphere in Las Vegas, the continued success of the Radio City Rockettes' Christmas Spectacular, and the growth of its entertainment dining and nightlife venues. Strategic decisions have focused on enhancing the audience experience and driving revenue growth.
Sphere Entertainment Co. Communication Services Stock: Key Questions Answered
What does Sphere Entertainment Co. do?
Sphere Entertainment Co. is a diversified entertainment company that operates iconic venues, produces live entertainment events, and manages entertainment dining and nightlife venues. The company's key assets include Madison Square Garden, Radio City Music Hall, and the Sphere in Las Vegas. It generates revenue from ticket sales, food and beverage sales, sponsorships, and advertising. Sphere Entertainment aims to deliver unique and engaging experiences to audiences and capitalize on the growing demand for live entertainment.
What do analysts say about SPHR stock?
Analyst coverage of Sphere Entertainment Co. focuses on its growth potential, driven by its iconic venues and diverse entertainment offerings. Key valuation metrics include revenue growth, profit margins, and earnings per share. Analysts consider the company's ability to capitalize on the growing demand for live entertainment and its strategic investments in new venues and technologies. The consensus view is that Sphere Entertainment has the potential for long-term growth, but faces challenges from competition and economic uncertainty. No buy/sell recommendations are made here.
What are the main risks for SPHR?
Sphere Entertainment Co. faces several risks, including competition from other entertainment venues and providers, economic downturns affecting consumer spending, and changing consumer preferences. High operating costs associated with venue management and potential disruptions from new technologies also pose challenges. The company's success depends on its ability to attract audiences, manage costs, and adapt to changing market conditions. Effective risk management is crucial for sustaining long-term growth and profitability.
What are the key factors to evaluate for SPHR?
Sphere Entertainment Co. (SPHR) currently holds an AI score of 58/100, indicating moderate score. The stock trades at a P/E of 40.3x, above the S&P 500 average (~20-25x), suggesting high growth expectations. Analysts target $118.45 (-14% from $138.48). Key strength: Iconic venues with strong brand recognition. Primary risk to monitor: Competition from other entertainment venues and providers. This is not financial advice.
How frequently does SPHR data refresh on this page?
SPHR prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven SPHR's recent stock price performance?
Recent price movement in Sphere Entertainment Co. (SPHR) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. The current analyst target of $118.45 implies 14% downside from here. Notable catalyst: Iconic venues with strong brand recognition. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Should investors consider SPHR overvalued or undervalued right now?
Determining whether Sphere Entertainment Co. (SPHR) is overvalued or undervalued requires examining multiple metrics. Its P/E ratio is 40.3. Analysts target $118.45 (-14% from current price), suggesting analysts see downside risk. Compare valuation ratios (P/E, P/S, EV/EBITDA) against sector peers for a comprehensive view.
What research should beginners do before buying SPHR?
Before investing in Sphere Entertainment Co. (SPHR), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on publicly available sources and may be subject to change.
- Financial data is as of the latest available reporting period.