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

Sphere Entertainment (SPHR) has 8 years of Operating Expenses data on file, last reported 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.
• Across five years, Operating Expenses topped out at $510.3 million in Q2 2022 and bottomed at -$241.7 million in Q4 2025.
• The 5-year median for Operating Expenses is $116.1 million (2025), against an average of $133.9 million.
• The widest annual swing landed in 2022, when Operating Expenses sank 88.69%; it then jumped 111.79% in 2023.
• A 5-year view of Operating Expenses shows it stood at $137.5 million in 2022, then tumbled by 86.18% to $19.0 million in 2023, then surged by 530.9% to $119.9 million in 2024, then tumbled by 301.59% to -$241.7 million in 2025, then surged 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.

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