Sphere Entertainment (SPHR) EBITDA Margin (2019 - 2026)
Sphere Entertainment (SPHR) reported EBITDA Margin of 7.61% for Q2 2026, down 16.36 percentage points from the prior quarter.
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Analysis
Sphere Entertainment (SPHR) EBITDA Margin (2019 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Sphere Entertainment's EBITDA Margin came in at 12.56%; for FY2025, it came in at 8.98%, up 26.45 percentage points from FY2024.
- EBITDA Margin has a five-year change of -15.39 percentage points (FY2020 to FY2025).
- By year, EBITDA Margin came in at -17.46% in FY2024, -28.69% in FY2023 (-33.71 pp), 5.03% in FY2022 (+14.28 pp) and -9.26% in FY2021 (-33.63 pp).
- Five-year quarterly EBITDA Margin spans a low of -17.38% in Q3 2025 and a high of 24.22% in Q4 2025.
- Per Business Quant data, the three quarters before Q2 2026 came in at 23.96% (Q1 2026), 24.22% (Q4 2025) and -17.38% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.75 Bn | 12.34 Bn | 1.47 Bn | 30.91% |
| 2 | Flutter Entertainment | 14.42 Bn | 7.81 Bn | 1.52 Bn | -20.29% |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 27.30% |
| 4 | DraftKings | 9.28 Bn | 4.95 Bn | 551.45 Mn | 0.84% |
| 5 | Wynn Resorts | 8.83 Bn | 2.96 Bn | 655.12 Mn | 21.08% |
| 6 | MGM Resorts International | 8.29 Bn | -1.01 Bn | 1.73 Bn | 9.53% |
| 7 | Madison Square Garden Sports | 7.83 Bn | 7.42 Bn | 119.21 Mn | 11.82% |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 42.11% |
| 9 | Churchill Downs | 6.92 Bn | 6.15 Bn | 207.00 Mn | 29.31% |
| 10 | Sphere Entertainment | 4.41 Bn | 2.18 Bn | 131.17 Mn | -57.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -57.02% |
| Jun 30, 2026 | 7.61% |
| Mar 31, 2026 | 23.96% |
| Dec 31, 2025 | 24.22% |
| Sep 30, 2025 | -17.38% |
| Jun 30, 2025 | 11.94% |
| Mar 31, 2025 | 2.24% |
| Sep 30, 2024 | -15.24% |
| Jun 30, 2024 | 4.01% |
| Mar 31, 2024 | 12.62% |
| Dec 31, 2023 | -25.33% |
| Sep 30, 2023 | -46.14% |
| Jun 30, 2023 | -42.86% |
| Mar 31, 2023 | -43.15% |
| Dec 31, 2022 | -12.13% |
| Sep 30, 2022 | -16.24% |
| Jun 30, 2022 | -16.92% |
| Mar 31, 2022 | 5.14% |
| Dec 31, 2021 | 2.14% |
| Sep 30, 2021 | -14.71% |
API Access
Sphere Entertainment EBITDA 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=ebitda-margin&ticker=SPHR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-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=ebitda-margin&ticker=SPHR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();