Sphere Entertainment (SPHR) Operating Leases (2020 - 2026)
Sphere Entertainment's (SPHR) quarterly Operating Leases came in at $118.8 million in Q2 2026, up 6.25% on a YoY basis from $111.8 million in Q2 2025, and up 6.6% quarter-over-quarter from $111.5 million in Q1 2026.
Analysis
Sphere Entertainment (SPHR) Operating Leases (2020 - 2026) Analysis & Trends
Sphere Entertainment (SPHR) has reported Operating Leases for 7 consecutive years, with $118.8 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Leases rose 6.25% year-over-year to $118.8 million; the trailing twelve-month figure through Jun 2026 stood at $118.8 million (up 6.25% YoY), and the FY2025 full-year result was $113.8 million, down 16.27% from the prior year.
- Operating Leases advanced to $118.8 million in Q2 2026 per SPHR's latest filing, from $111.5 million in the prior quarter.
- Across five years, Operating Leases topped out at $507.3 million in Q1 2022 and bottomed at $91.0 million in Q2 2022.
- Historically, Operating Leases has averaged $189.1 million across 5 years, with a median of $119.6 million in 2023.
- The sharpest annual moves came in 2022 and 2023: Operating Leases jumped 123.62% in 2022, then tumbled 77.23% in 2023.
- Over 5 years, 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 increased by 4.39% to $118.8 million in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $118.8 million, $111.5 million, and $113.8 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Madison Square Garden Sports | 9.43 Bn | 9.27 Bn | 119.21 Mn |
| 2 | Sphere Entertainment | 5.15 Bn | 4.60 Bn | 162.58 Mn |
| 3 | Vail Resorts | 4.74 Bn | 4.36 Bn | - |
| 4 | Atlanta Braves Holdings | 3.58 Bn | 3.40 Bn | 53.08 Mn |
| 5 | Manchester United | 3.54 Bn | 3.45 Bn | 209.64 Mn |
| 6 | Lucky Strike Entertainment | 793.15 Mn | 753.79 Mn | 199.97 Mn |
| 7 | Seaport Entertainment | 336.56 Mn | 218.77 Mn | 18.12 Mn |
| 8 | Dave & Buster's Entertainment | 303.28 Mn | 283.68 Mn | 372.50 Mn |
| 9 | Rci Hospitality Holdings | 221.02 Mn | 194.61 Mn | - |
| 10 | Aureus Greenway Holdings | 181.97 Mn | 139.22 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 118.82 Mn |
| 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 | 120.39 Mn |
| Mar 31, 2023 | 342.63 Mn |
| Dec 31, 2022 | 479.99 Mn |
| Sep 30, 2022 | 441.54 Mn |
| Jun 30, 2022 | 90.97 Mn |
| Mar 31, 2022 | 507.33 Mn |
| Dec 31, 2021 | 515.68 Mn |
| Sep 30, 2021 | 450.14 Mn |