Sphere Entertainment (SPHR) Operating Expenses (2019 - 2026)

Sphere Entertainment's Operating Expenses history runs 8 years deep, the most recent figure standing at $125.1 million for Q1 2026.

• Quarterly Operating Expenses rose 7.76% year-over-year to $125.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $351.8 million (down 50.17% YoY) and the FY2025 annual result came in at $453.4 million, up 613.9% from the prior year.
• Operating Expenses was $125.1 million for Q1 2026 at Sphere Entertainment, up from $121.0 million in the prior quarter.
• Across five years, Operating Expenses topped out at $510.3 million in Q2 2022 and bottomed at $77.2 million in Q3 2022.
• A 5-year average of $186.7 million and a median of $121.0 million in 2025 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2023 — Operating Expenses slumped 82.81% — and 2024, when it soared 291.99%.
• Sphere Entertainment's Operating Expenses stood at $82.8 million in 2022, then climbed by 19.63% to $99.1 million in 2023, then soared by 258.14% to $354.9 million in 2024, then tumbled by 65.92% to $121.0 million in 2025, then increased by 3.44% to $125.1 million in 2026.
• Business Quant data shows SPHR's Operating Expenses at $125.1 million in Q1 2026, $121.0 million in Q4 2025, and $105.7 million in Q3 2025.