Sphere Entertainment (SPHR) Free Cash Flow (2019 - 2026)
Sphere Entertainment's (SPHR) quarterly Free Cash Flow came in at -$48.1 million in Q2 2026, down 136.65% on a QoQ basis from $131.4 million in Q1 2026.
Sphere Entertainment (SPHR) Free Cash Flow (2019 - 2026) Analysis & Trends
Sphere Entertainment (SPHR) has 8 years of Free Cash Flow data on file, last reported at -$48.1 million in Q2 2026.
- Quarterly Free Cash Flow changed N/A year-over-year to -$48.1 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $296.5 million (up 24466.23% YoY) and the FY2025 annual result came in at $191.0 million, up 2453.94% from the prior year.
- Free Cash Flow declined to -$48.1 million in Q2 2026, from $131.4 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $213.3 million in Q4 2025 to a low of -$351.3 million in Q3 2022.
- A 5-year average of -$34.5 million and a median of -$5.7 million in 2024 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2022 — Free Cash Flow sank 169.89% — and 2026, when it jumped 1278.68%.
- Tracing SPHR's Free Cash Flow over 5 years: stood at $130.5 million in 2022, then sank by 77.9% to $28.8 million in 2023, then tumbled by 65.56% to $9.9 million in 2024, then jumped by 2048.88% to $213.3 million in 2025, then sank by 122.56% to -$48.1 million in 2026.
- The last three Free Cash Flow figures came in at -$48.1 million (Q2 2026), $131.4 million (Q1 2026), and $213.3 million (Q4 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 1.53 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 3.07 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 572.00 Mn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 129.75 Mn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 726.00 Mn |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 327.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 273.00 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 276.00 Mn |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 328.32 Mn |
| 10 | Sphere Entertainment | 5.92 Bn | 5.37 Bn | 162.58 Mn | -48.13 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -48.13 Mn |
| Jun 30, 2026 | -48.13 Mn |
| Mar 31, 2026 | 135.01 Mn |
| Mar 31, 2026 | 135.01 Mn |
| Dec 31, 2025 | 190.10 Mn |
| Dec 31, 2025 | 190.10 Mn |
| Mar 31, 2025 | 4.69 Mn |
| Mar 31, 2025 | 4.69 Mn |
| Sep 30, 2024 | 52.65 Mn |
| Sep 30, 2024 | 52.65 Mn |
| Jun 30, 2024 | 22.55 Mn |
| Jun 30, 2024 | 22.55 Mn |
| Mar 31, 2024 | 92.28 Mn |
| Mar 31, 2024 | 92.28 Mn |
| Dec 31, 2023 | 28.83 Mn |
| Dec 31, 2023 | 28.83 Mn |
| Sep 30, 2023 | -259.59 Mn |
| Sep 30, 2023 | -259.59 Mn |
| Jun 30, 2023 | -939.21 Mn |
| Jun 30, 2023 | -939.21 Mn |