Sphere Entertainment (SPHR) Cost of Revenue (2019 - 2026)
Sphere Entertainment's (SPHR) quarterly Cost of Revenue came in at $151.1 million in Q2 2026, down 10.95% on a QoQ basis from $169.6 million in Q1 2026.
Sphere Entertainment (SPHR) Cost of Revenue (2019 - 2026) Analysis & Trends
Sphere Entertainment (SPHR) has 8 years of Cost of Revenue data on file, last reported at $151.1 million in Q2 2026.
- Quarterly Cost of Revenue changed N/A year-over-year to $151.1 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $621.0 million (changed N/A YoY) and the FY2025 annual result came in at $590.0 million, up 92.26% from the prior year.
- Cost of Revenue fell to $151.1 million in Q2 2026, from $169.6 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $443.3 million in Q3 2024 to a low of -$215.8 million in Q2 2022.
- A 5-year average of $140.6 million and a median of $152.6 million in 2024 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue sank 454.88% — and 2024, when it surged 424.57%.
- Tracing SPHR's Cost of Revenue over 5 years: stood at $90.4 million in 2022, then surged by 76.73% to $159.8 million in 2023, then soared by 177.44% to $443.3 million in 2024, then tumbled by 63.15% to $163.4 million in 2025, then retreated by 7.52% to $151.1 million in 2026.
- The last three Cost of Revenue figures came in at $151.1 million (Q2 2026), $169.6 million (Q1 2026), and $163.4 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 6.04 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 13.67 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 4.62 Bn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 5.72 Bn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | - |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 605.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 680.99 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | - |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 556.12 Mn |
| 10 | Sphere Entertainment | 5.92 Bn | 5.37 Bn | 162.58 Mn | 151.06 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 151.06 Mn |
| Jun 30, 2026 | 151.06 Mn |
| Mar 31, 2026 | 169.65 Mn |
| Mar 31, 2026 | 169.65 Mn |
| Dec 31, 2025 | -285.12 Mn |
| Dec 31, 2025 | -285.12 Mn |
| Sep 30, 2025 | 136.98 Mn |
| Sep 30, 2025 | 136.98 Mn |
| Mar 31, 2025 | 158.32 Mn |
| Mar 31, 2025 | 158.32 Mn |
| Sep 30, 2024 | 443.26 Mn |
| Sep 30, 2024 | 443.26 Mn |
| Jun 30, 2024 | 303.56 Mn |
| Jun 30, 2024 | 303.56 Mn |
| Mar 31, 2024 | 154.04 Mn |
| Mar 31, 2024 | 154.04 Mn |
| Dec 31, 2023 | 92.43 Mn |
| Dec 31, 2023 | 92.43 Mn |
| Sep 30, 2023 | 84.50 Mn |
| Sep 30, 2023 | 84.50 Mn |