Sphere Entertainment (SPHR) Operating Expenses (2019 - 2026)
Sphere Entertainment (SPHR) posted Operating Expenses of $139.53 million for Q2 2026, up 11.5% from the prior quarter.
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Analysis
Sphere Entertainment (SPHR) Operating Expenses (2019 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Sphere Entertainment was $148.54 million; for FY2025, it was $453.44 million, up 74.8% from FY2024.
- Annual Operating Expenses shows a five-year compound annual growth rate of -11.2% (FY2020 to FY2025).
- In prior years, Sphere Entertainment's Operating Expenses was $259.43 million in FY2024, $480.07 million in FY2023 (-73.7%), $1.83 billion in FY2022 (+82.3%) and $1 billion in FY2021 (+21.8%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.14 Bn | 11.55 Bn | 1.48 Bn | 2.54 Bn |
| 2 | DraftKings | 18.81 Bn | 14.47 Bn | 551.45 Mn | 297.09 Mn |
| 3 | Flutter Entertainment | 13.30 Bn | 7.05 Bn | 1.71 Bn | 845.00 Mn |
| 4 | Madison Square Garden Sports | 10.02 Bn | 9.62 Bn | 119.21 Mn | 86.28 Mn |
| 5 | Life Time Group Holdings | 8.83 Bn | 8.07 Bn | 412.26 Mn | 716.29 Mn |
| 6 | Wynn Resorts | 8.33 Bn | 1.88 Bn | 758.95 Mn | 1.56 Bn |
| 7 | MGM Resorts International | 8.01 Bn | -169.85 Mn | 1.98 Bn | 3.97 Bn |
| 8 | Caesars Entertainment | 6.03 Bn | 2.65 Bn | 1.50 Bn | 2.48 Bn |
| 9 | Super Group (SGHC) | 5.93 Bn | 3.92 Bn | - | -50.00 Mn |
| 10 | Sphere Entertainment | 4.99 Bn | 2.89 Bn | 162.58 Mn | 139.53 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 139.53 Mn |
| Mar 31, 2026 | 125.12 Mn |
| Dec 31, 2025 | 103.47 Mn |
| Sep 30, 2025 | 105.69 Mn |
| Jun 30, 2025 | 113.97 Mn |
| Mar 31, 2025 | 116.11 Mn |
| Sep 30, 2024 | 119.89 Mn |
| Jun 30, 2024 | 107.18 Mn |
| Mar 31, 2024 | 127.82 Mn |
| Dec 31, 2023 | 116.81 Mn |
| Sep 30, 2023 | 90.54 Mn |
| Jun 30, 2023 | 110.84 Mn |
| Mar 31, 2023 | 184.32 Mn |
| Dec 31, 2022 | 215.54 Mn |
| Sep 30, 2022 | 189.72 Mn |
| Jun 30, 2022 | 510.29 Mn |
| Mar 31, 2022 | 458.08 Mn |
| Dec 31, 2021 | 481.09 Mn |
| Sep 30, 2021 | 377.85 Mn |
| Jun 30, 2021 | 304.59 Mn |
API Access
Sphere Entertainment Operating Expenses 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=operating-expenses&ticker=SPHR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=SPHR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();