Sphere Entertainment (SPHR) Operating Leases (2020 - 2026)

Sphere Entertainment (SPHR) posted Operating Leases of $111.5 million for Q1 2026, down 2.07% on a QoQ basis from $113.8 million in Q4 2025, and down 2.59% year-over-year from $114.4 million in Q1 2025.

Sphere Entertainment (SPHR) Operating Leases (2020 - 2026) Analysis & Trends

Sphere Entertainment's Operating Leases history runs 7 years deep, the most recent figure standing at $111.5 million for Q1 2026.

  • Quarterly Operating Leases fell 2.59% year-over-year to $111.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $111.5 million (down 2.59% YoY) and the FY2025 annual result came in at $113.8 million, down 16.27% from the prior year.
  • Operating Leases was $111.5 million for Q1 2026 at Sphere Entertainment, down from $113.8 million in the prior quarter.
  • Across five years, Operating Leases topped out at $480.0 million in Q4 2022 and bottomed at $84.4 million in Q2 2022.
  • A 5-year average of $188.3 million and a median of $114.4 million in 2025 frame the typical range for Operating Leases.
  • Annual changes were most pronounced in 2022 — Operating Leases jumped 161.38% — and 2023, when it sank 77.23%.
  • Sphere Entertainment's Operating Leases stood at $480.0 million in 2022, then sank by 77.23% to $109.3 million in 2023, then advanced by 24.37% to $135.9 million in 2024, then retreated by 16.27% to $113.8 million in 2025, then dropped by 2.07% to $111.5 million in 2026.
  • Business Quant data shows SPHR's Operating Leases at $111.5 million in Q1 2026, $113.8 million in Q4 2025, and $109.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Netflix 286.85 Bn 277.73 Bn 6.52 Bn
2 Walt Disney 176.45 Bn 177.38 Bn 10.75 Bn
3 Warner Bros. Discovery 71.03 Bn 68.89 Bn 4.25 Bn
4 Live Nation Entertainment 40.94 Bn 32.48 Bn 1.31 Bn
5 Liberty Media 29.72 Bn 29.06 Bn 298.00 Mn
6 Roku 20.90 Bn 18.52 Bn 564.94 Mn
7 TKO Group Holdings 20.86 Bn 19.17 Bn 862.52 Mn
8 Fox 20.85 Bn 17.36 Bn -
9 News 16.48 Bn 15.01 Bn -
10 Sphere Entertainment 4.78 Bn 4.15 Bn 216.77 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 111.46 Mn
Dec 31, 2025 113.82 Mn
Sep 30, 2025 109.75 Mn
Jun 30, 2025 111.82 Mn
Mar 31, 2025 114.42 Mn
Dec 31, 2024 135.94 Mn
Sep 30, 2024 124.81 Mn
Jun 30, 2024 128.02 Mn
Mar 31, 2024 130.42 Mn
Dec 31, 2023 109.30 Mn
Sep 30, 2023 111.59 Mn
Jun 30, 2023 110.26 Mn
Mar 31, 2023 342.63 Mn
Dec 31, 2022 479.99 Mn
Sep 30, 2022 441.54 Mn
Jun 30, 2022 84.42 Mn
Mar 31, 2022 440.32 Mn
Dec 31, 2021 450.02 Mn
Sep 30, 2021 396.57 Mn
Jun 30, 2021 233.56 Mn