Sphere Entertainment (SPHR) Invested Capital (2019 - 2026)
Sphere Entertainment posted quarterly Invested Capital of $2.9 billion for Q1 2026, down 15.94% year-on-year from $3.5 billion in Q1 2025, and little changed on a QoQ basis from $2.9 billion in Q4 2025.
Sphere Entertainment (SPHR) has 8 years of Invested Capital data on file, last reported at $2.9 billion in Q1 2026.
- For the quarter ending Q1 2026, Invested Capital fell 15.94% year-over-year to $2.9 billion; the trailing twelve-month figure through Mar 2026 stood at $2.9 billion (down 15.94% YoY), and the FY2025 full-year result was $2.9 billion, down 3.45% from the prior year.
- Invested Capital for Q1 2026 stood at $2.9 billion, roughly flat from $2.9 billion in the prior quarter.
- Across five years, Invested Capital topped out at $3.9 billion in Q4 2023 and bottomed at $1.2 billion in Q3 2023.
- The 5-year median for Invested Capital is $2.9 billion (2025), against an average of $2.9 billion.
- The widest annual swing landed in 2023, when Invested Capital slumped 40.07%; it then soared 206.02% in 2024.
- A 5-year view of Invested Capital shows it stood at $2.1 billion in 2022, then surged by 83.36% to $3.9 billion in 2023, then dropped by 22.09% to $3.0 billion in 2024, then retreated by 3.45% to $2.9 billion in 2025, then decreased by 0.03% to $2.9 billion in 2026.
- The last three Invested Capital figures came in at $2.9 billion (Q1 2026), $2.9 billion (Q4 2025), and $2.9 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 362.63 Bn | 350.34 Bn | 11.41 Bn | 32.13 Bn |
| 2 | Walt Disney | 181.67 Bn | 188.27 Bn | 23.68 Bn | 124.20 Bn |
| 3 | Warner Bros. Discovery | 67.91 Bn | 65.77 Bn | 4.25 Bn | 66.17 Bn |
| 4 | Live Nation Entertainment | 39.56 Bn | 31.10 Bn | 1.31 Bn | 1.66 Bn |
| 5 | Fox | 26.01 Bn | 22.51 Bn | - | 10.97 Bn |
| 6 | Liberty Media | 21.20 Bn | 21.87 Bn | 298.00 Mn | 7.78 Bn |
| 7 | Roku | 19.03 Bn | 16.65 Bn | 564.94 Mn | 2.67 Bn |
| 8 | News | 16.98 Bn | 15.50 Bn | - | 11.27 Bn |
| 9 | TKO Group Holdings | 16.11 Bn | 14.42 Bn | 862.52 Mn | 8.54 Bn |
| 10 | Sphere Entertainment | 5.26 Bn | 4.63 Bn | 216.77 Mn | 2.93 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.93 Bn |
| Dec 31, 2025 | 2.93 Bn |
| Sep 30, 2025 | 2.89 Bn |
| Jun 30, 2025 | 3.06 Bn |
| Mar 31, 2025 | 3.48 Bn |
| Dec 31, 2024 | 3.03 Bn |
| Sep 30, 2024 | 3.68 Bn |
| Jun 30, 2024 | 3.80 Bn |
| Mar 31, 2024 | 3.85 Bn |
| Dec 31, 2023 | 3.89 Bn |
| Sep 30, 2023 | 1.20 Bn |
| Jun 30, 2023 | 3.43 Bn |
| Mar 31, 2023 | 2.12 Bn |
| Dec 31, 2022 | 2.12 Bn |
| Sep 30, 2022 | 2.00 Bn |
| Jun 30, 2022 | 2.89 Bn |
| Mar 31, 2022 | 2.19 Bn |
| Dec 31, 2021 | 2.18 Bn |
| Sep 30, 2021 | 2.15 Bn |
| Jun 30, 2021 | 2.23 Bn |
| Mar 31, 2021 | 2.30 Bn |
| Dec 31, 2020 | 2.29 Bn |
| Sep 30, 2020 | 2.29 Bn |
| Jun 30, 2020 | 2.33 Bn |
| Mar 31, 2020 | 2.85 Bn |
| Dec 31, 2019 | 2.63 Bn |
| Sep 30, 2019 | 2.50 Bn |
| Jun 30, 2019 | 2.18 Bn |
| Mar 31, 2019 | 2.64 Bn |