Sphere Entertainment (SPHR) Cost of Revenue (2019 - 2026)
Sphere Entertainment (SPHR) posted Cost of Revenue of $151.06 million for Q2 2026, down 11.0% from the prior quarter.
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Analysis
Sphere Entertainment (SPHR) Cost of Revenue (2019 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Cost of Revenue at Sphere Entertainment was $618.34 million; for FY2025, it came in at $589.98 million, up 92.3% from FY2024.
- Annual Cost of Revenue shows a five-year compound annual growth rate of -5.7% (FY2020 to FY2025).
- In prior years, Sphere Entertainment's Cost of Revenue was $306.87 million in FY2024, $342.21 million in FY2023 (-66.1%), $1.01 billion in FY2022 (+132.1%) and $434.78 million in FY2021 (-45.0%).
- Quarterly Cost of Revenue has run from a low of $136.98 million in Q3 2025 to a high of $169.65 million in Q1 2026 over five years.
- According to Business Quant data, Cost of Revenue for the three prior quarters was $169.65 million (Q1 2026), $160.64 million (Q4 2025) and $136.98 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.75 Bn | 12.34 Bn | 1.47 Bn | 1.75 Bn |
| 2 | Flutter Entertainment | 14.42 Bn | 7.81 Bn | 1.52 Bn | 2.36 Bn |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 474.52 Mn |
| 4 | DraftKings | 9.28 Bn | 4.95 Bn | 551.45 Mn | 891.78 Mn |
| 5 | Wynn Resorts | 8.83 Bn | 2.96 Bn | 655.12 Mn | 1.03 Bn |
| 6 | MGM Resorts International | 8.29 Bn | -1.01 Bn | 1.73 Bn | 2.48 Bn |
| 7 | Madison Square Garden Sports | 7.83 Bn | 7.42 Bn | 119.21 Mn | 159.53 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 201.00 Mn |
| 9 | Churchill Downs | 6.92 Bn | 6.15 Bn | 207.00 Mn | 489.00 Mn |
| 10 | Sphere Entertainment | 4.41 Bn | 2.18 Bn | 131.17 Mn | 143.09 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 143.09 Mn |
| Jun 30, 2026 | 151.06 Mn |
| Mar 31, 2026 | 169.65 Mn |
| Dec 31, 2025 | 160.64 Mn |
| Sep 30, 2025 | 136.98 Mn |
| Jun 30, 2025 | 131.32 Mn |
| Mar 31, 2025 | 158.32 Mn |
| Sep 30, 2024 | 139.70 Mn |
| Jun 30, 2024 | 149.52 Mn |
| Mar 31, 2024 | 154.04 Mn |
| Dec 31, 2023 | 159.77 Mn |
| Sep 30, 2023 | 84.50 Mn |
| Jun 30, 2023 | 82.73 Mn |
| Mar 31, 2023 | 93.67 Mn |
| Dec 31, 2022 | 348.96 Mn |
| Sep 30, 2022 | 253.90 Mn |
| Jun 30, 2022 | 284.75 Mn |
| Mar 31, 2022 | 262.48 Mn |
| Dec 31, 2021 | 296.26 Mn |
| Sep 30, 2021 | 165.76 Mn |
API Access
Sphere Entertainment Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=SPHR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "SPHR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=SPHR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();