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

Sphere Entertainment has reported Operating Expenses for 8 years, with the latest figure at $125.1 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 7.76% year-over-year to $125.1 million; the trailing twelve-month figure through Mar 2026 stood at -$10.9 million (down 103.17% YoY), and the FY2025 full-year result was $94.1 million, up 48.12% from the prior year.
• Operating Expenses for Q1 2026 stood at $125.1 million, up from -$241.7 million in the prior quarter.
• The five-year high for Operating Expenses was $510.3 million in Q2 2022, with the low at -$241.7 million in Q4 2025.
• Historically, Operating Expenses has averaged $133.9 million across 5 years, with a median of $116.1 million in 2025.
• Annual changes were most pronounced in 2022 — Operating Expenses tumbled 88.69% — and 2023, when it jumped 111.79%.
• Sphere Entertainment's Operating Expenses stood at $137.5 million in 2022, then plunged by 86.18% to $19.0 million in 2023, then jumped by 530.9% to $119.9 million in 2024, then plunged by 301.59% to -$241.7 million in 2025, then jumped by 151.77% to $125.1 million in 2026.
• The last three Operating Expenses figures came in at $125.1 million (Q1 2026), -$241.7 million (Q4 2025), and $105.7 million (Q3 2025), per Business Quant data.