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| Date | Value |
|---|---|
| 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 |