Ticketing & Venue License Fee Revenues was Sphere Entertainment’s largest product and service line in fiscal 2025, bringing in $560.81M of $1.22B (46%).
| Product and Service | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Media Related, Primarily From Affiliation Agreements | $596.03M | $558.36M | — | — | — | ||||
| Media Networks Revenues | — | — | $529.73M | $240.11M | $438.63M | ||||
| Media Networks Revenue | — | — | — | — | — | ||||
| Ticketing & Venue License Fee Revenues | — | — | $335.33M | $207.02M | $560.81M | ||||
| Sponsorship & Signage, Suite, And Advertising Commission Revenues (B) | — | — | — | — | — | ||||
| Sponsorship & Signage, Suite, And Advertising Commission / Agency Revenues | — | — | — | — | — | ||||
| Event-Related & Entertainment Dining And Nightlife Offerings | — | — | — | — | — | ||||
| Food, Beverage & Merchandise Revenues | — | — | $66.70M | $34.90M | $100.40M | ||||
| Sponsorship, Signage, Exosphere Advertising, & Suite License Revenues | $6.47M | $6.99M | $87.17M | $40.10M | $96.15M | ||||
| Other | $5.65M | $5.87M | $4.93M | $12.61M | $22.23M | ||||
| Signage | — | — | — | — | — | ||||
| Total | $608.16M | $571.22M | $1.02B | $534.76M | $1.22B |
Sphere Entertainment brought in $1.22B from its five product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 127.8% from $534.76M in fiscal 2024. Ticketing & Venue License Fee Revenues was the largest at $560.81M (46.0%), ahead of Media Networks Revenues at $438.63M (36.0%) and Food, Beverage & Merchandise Revenues at $100.40M (8.2%). The other two lines brought in $118.38M combined.
Compared with fiscal 2024, Food, Beverage & Merchandise Revenues grew fastest, up 187.7% to $100.40M. Every line above 2% of revenue grew.
Sphere Entertainment began breaking out Media Networks Revenues in fiscal 2024, when it brought in $529.73M. Sphere Entertainment stopped reporting Media Related, Primarily From Affiliation Agreements as a separate line after fiscal 2023, when it brought in $558.36M.
Sphere was Sphere Entertainment’s largest segment in fiscal 2025, bringing in $781.41M of $1.22B (64%).
| Segment | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Entertainment | — | — | — | — | — | ||||
| Msg Networks | $608.16M | $571.22M | $529.73M | $240.11M | $438.63M | ||||
| Sphere | $1.90M | $2.61M | $497.16M | $296.09M | $781.41M | ||||
| Tao Group Hospitality | — | — | — | — | — | ||||
| Eliminations | — | — | — | — | — | ||||
| Total | $610.06M | $573.83M | $1.03B | $536.20M | $1.22B |
Sphere Entertainment brought in $1.22B from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 127.5% from $536.20M in fiscal 2024. Sphere was the largest at $781.41M (64.0%), ahead of Msg Networks at $438.63M (36.0%).
Compared with fiscal 2024, Sphere grew 163.9% to $781.41M and Msg Networks grew 82.7% to $438.63M. From fiscal 2022 to 2025, combined revenue from these segments grew from $610.06M to $1.22B, a compound annual growth rate of 26.0%. Sphere's share of the total rose from 0.3% to 64.0%.
Transferred Over Time was Sphere Entertainment’s largest revenue line in fiscal 2025, bringing in $1.19B of $1.22B (98%).
| Timing Of Transfer Of Good Or Service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Transferred Over Time | $602.50M | $565.35M | $1.01B | $520.03M | $1.19B | |||
| Transferred At Point In Time | $5.65M | $5.87M | $10.87M | $14.72M | $27.81M | |||
| Total | $608.16M | $571.22M | $1.02B | $534.76M | $1.22B |
Sphere Entertainment brought in $1.22B from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 127.8% from $534.76M in fiscal 2024. Transferred Over Time was the largest at $1.19B (97.7%), ahead of Transferred At Point In Time at $27.81M (2.3%).
Compared with fiscal 2024, Transferred Over Time grew 128.9% to $1.19B and Transferred At Point In Time grew 88.9% to $27.81M. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $608.16M to $1.22B, a compound annual growth rate of 26.1%. Transferred Over Time's share of the total fell from 99.1% to 97.7%.
Sphere Entertainment (SPHR) reports its revenue by product and service, by segment and by timing of transfer of good or service. In fiscal 2025, Ticketing & Venue License Fee Revenues was its largest product and service line, bringing in $560.81M (46.0% of the total), followed by Media Networks Revenues at $438.63M (36.0%).
Ticketing & Venue License Fee Revenues was Sphere Entertainment's largest product and service line in fiscal 2025, bringing in $560.81M, or 46.0% of the $1.22B total across its five product and service lines.
Sphere was Sphere Entertainment's largest segment in fiscal 2025, bringing in $781.41M, or 64.0% of the $1.22B total across its two segments.
Transferred Over Time was Sphere Entertainment's largest revenue line in fiscal 2025, bringing in $1.19B, or 97.7% of the $1.22B total across its two revenue lines.
Among Sphere Entertainment's product and service lines that make up at least 2% of revenue, Food, Beverage & Merchandise Revenues grew fastest in fiscal 2025, up 187.7% from $34.90M to $100.40M.
Every figure comes from Sphere Entertainment's annual financial filings, as reported. Each line keeps the name Sphere Entertainment gives it, and years follow its fiscal calendar.
Sphere Entertainment's revenue by product and service goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.