Sphere Entertainment (SPHR) EBIT Margin (2018 - 2026)
Sphere Entertainment's EBIT Margin was -19.53% in Q2 2026, down 21.40 percentage points from the prior quarter.
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Analysis
Sphere Entertainment (SPHR) EBIT Margin (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Sphere Entertainment's EBIT Margin was -12.00% through Jun 30, 2026; for FY2025, it was -18.82%, up 29.78 percentage points from FY2024.
- EBIT Margin shows a five-year change of -35.20 percentage points (FY2020 to FY2025).
- In earlier years, EBIT Margin was -48.59% in FY2024, -47.58% in FY2023 (-30.75 pp), -16.83% in FY2022 (+12.23 pp) and -29.07% in FY2021 (-45.45 pp).
- Quarterly EBIT Margin has moved between -49.41% (Q3 2025) and 3.92% (Q4 2025) over five years.
- Per Business Quant data, SPHR's EBIT Margin in the three quarters before Q2 2026 was 1.86% (Q1 2026), 3.92% (Q4 2025) and -49.41% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.75 Bn | 12.34 Bn | 1.47 Bn | 19.22% |
| 2 | Flutter Entertainment | 14.42 Bn | 7.81 Bn | 1.52 Bn | -30.74% |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 17.68% |
| 4 | DraftKings | 9.28 Bn | 4.95 Bn | 551.45 Mn | -4.72% |
| 5 | Wynn Resorts | 8.83 Bn | 2.96 Bn | 655.12 Mn | 10.55% |
| 6 | MGM Resorts International | 8.29 Bn | -1.01 Bn | 1.73 Bn | 2.82% |
| 7 | Madison Square Garden Sports | 7.83 Bn | 7.42 Bn | 119.21 Mn | 11.53% |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 29.37% |
| 9 | Churchill Downs | 6.92 Bn | 6.15 Bn | 207.00 Mn | 20.55% |
| 10 | Sphere Entertainment | 4.41 Bn | 2.18 Bn | 131.17 Mn | -87.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -87.72% |
| Jun 30, 2026 | -19.53% |
| Mar 31, 2026 | 1.86% |
| Dec 31, 2025 | 3.92% |
| Sep 30, 2025 | -49.41% |
| Jun 30, 2025 | -17.74% |
| Mar 31, 2025 | -28.02% |
| Sep 30, 2024 | -51.61% |
| Jun 30, 2024 | -26.11% |
| Mar 31, 2024 | -12.57% |
| Dec 31, 2023 | -50.83% |
| Sep 30, 2023 | -59.14% |
| Jun 30, 2023 | -54.49% |
| Mar 31, 2023 | -62.88% |
| Dec 31, 2022 | -31.17% |
| Sep 30, 2022 | -41.46% |
| Jun 30, 2022 | -44.26% |
| Mar 31, 2022 | -13.20% |
| Dec 31, 2021 | -18.21% |
| Sep 30, 2021 | -37.06% |
API Access
Sphere Entertainment EBIT Margin 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=ebit-margin&ticker=SPHR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "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=ebit-margin&ticker=SPHR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();