Sphere Entertainment (SPHR) Operating Expenses (2019 - 2026)
Sphere Entertainment's (SPHR) quarterly Operating Expenses came in at $139.5 million in Q2 2026, up 11.52% on a QoQ basis from $125.1 million in Q1 2026.
Sphere Entertainment (SPHR) Operating Expenses (2019 - 2026) Analysis & Trends
Sphere Entertainment (SPHR) has 8 years of Operating Expenses data on file, last reported at $139.5 million in Q2 2026.
- Quarterly Operating Expenses changed N/A year-over-year to $139.5 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $491.3 million (up 4.31% YoY) and the FY2025 annual result came in at $453.4 million, up 74.78% from the prior year.
- Operating Expenses grew to $139.5 million in Q2 2026, from $125.1 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $510.3 million in Q2 2022 to a low of $90.5 million in Q3 2023.
- A 5-year average of $186.3 million and a median of $123.0 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses sank 78.28% — and 2024, when it soared 291.99%.
- Tracing SPHR's Operating Expenses over 5 years: stood at $112.5 million in 2022, then climbed by 3.84% to $116.8 million in 2023, then surged by 203.82% to $354.9 million in 2024, then sank by 65.92% to $121.0 million in 2025, then gained by 15.35% to $139.5 million in 2026.
- The last three Operating Expenses figures came in at $139.5 million (Q2 2026), $125.1 million (Q1 2026), and $121.0 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 1.32 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 20.49 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 8.48 Bn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 1.24 Bn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 2.38 Bn |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 846.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 527.52 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 991.00 Mn |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 1.12 Bn |
| 10 | Sphere Entertainment | 5.92 Bn | 5.37 Bn | 162.58 Mn | 139.53 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 139.53 Mn |
| Mar 31, 2026 | 125.12 Mn |
| Dec 31, 2025 | 120.96 Mn |
| Sep 30, 2025 | 105.69 Mn |
| Mar 31, 2025 | 116.11 Mn |
| Sep 30, 2024 | 354.89 Mn |
| Jun 30, 2024 | 235.00 Mn |
| Mar 31, 2024 | 127.82 Mn |
| Dec 31, 2023 | 99.09 Mn |
| Sep 30, 2023 | 90.54 Mn |
| Jun 30, 2023 | 217.99 Mn |
| Mar 31, 2023 | 78.72 Mn |
| Dec 31, 2022 | 82.83 Mn |
| Sep 30, 2022 | 77.19 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 |
| Mar 31, 2021 | 253.06 Mn |