← Sphere Entertainment Co.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | $989.0m |
$1.0b
+6.06%
|
$762.9m
-27.26%
|
$180.4m
-76.35%
|
$1.7b
+855.99%
|
$573.8m
-66.73%
|
$1.0b
+78.95%
|
$1.2b
+18.81%
|
$1.4b
+11.21%
|
|
| Cost of Revenue | $635.2m |
$670.6m
+5.58%
|
$790.5m
+17.87%
|
$434.8m
-45.00%
|
$419.8m
-3.45%
|
$452.1m
+7.71%
|
$432.9m
-4.27%
|
$441.9m
+2.09%
|
$621.0m
+40.53%
|
|
| Gross Profit | $353.8m |
$378.3m
+6.92%
|
($27.6m)
-107.29%
|
($254.4m)
-822.91%
|
$1.3b
+612.94%
|
$121.7m
-90.67%
|
$594.0m
+388.16%
|
$778.1m
+30.99%
|
$735.8m
-5.44%
|
|
| Selling, general and administrative expenses | $273.0m | $314.5m | $344.6m | $322.7m | $681.8m | ($31.3m) | ($127.5m) | ($441.9m) | $475.5m | |
| Restructuring charges | — | $0 | $0 | $21.3m | $14.7m | ($27.9m) | ($9.5m) | ($11.5m) | — | |
| Direct operating expenses | $635.2m | $670.6m | $508.1m | $171.9m | $1.0b | ($206.8m) | $182.1m | ($590.0m) | — | |
| Interest expense | ($12.2m) | ($15.3m) | ($2.3m) | ($35.1m) | ($27.2m) | $0 | ($79.9m) | ($70.5m) | $34.8m | |
| Interest income | $21.3m | $30.2m | $18.0m | $1.3m | $4.2m | $11.6m | $25.7m | $13.5m | $14.3m | |
| Income (loss) from continuing operations before income taxes | ($28.9m) | ($29.7m) | ($9.6m) | ($439.8m) | ($215.9m) | $275.4m | ($360.2m) | $57.2m | ($179.9m) | |
| Income tax (expense) benefit | $30.8m | ($443k) | ($5.0m) | $9.4m | $25.8m | ($103.4m) | $135.6m | ($23.8m) | ($109.6m) | |
| Net income (loss) | $2.5m |
($22.8m)
-1008.11%
|
$15.7m
+168.74%
|
($414.2m)
-2738.10%
|
($197.9m)
+52.22%
|
$505.7m
+355.54%
|
($200.6m)
-139.68%
|
$33.4m
+116.65%
|
($76.8m)
-330.02%
|
|
| Net income (loss) attributable to Sphere Entertainment Co.’s stockholders | $6.9m | ($17.9m) | $17.2m | ($412.1m) | ($194.4m) | $502.8m | ($200.6m) | $33.4m | ($76.8m) | |
| Less: Net income attributable to redeemable noncontrolling interests from discontinued operations | ($628k) | ($7.3m) | ($30.4m) | ($16.3m) | $7.7m | $3.9m | $0 | $0 | — | |
| Less: Net loss attributable to nonredeemable noncontrolling interests from discontinued operations | ($4.4m) | ($4.9m) | ($1.5m) | ($2.1m) | ($3.5m) | ($1.0m) | $0 | $0 | — | |
| Continuing operations (in dollars per share) | — | — | $0.72 | $0.14 | ($4.02) | $4.96 | ($6.36) | $0.74 | — | |
| Discontinued operations (in dollars per share) | — | — | — | ($4.74) | ($1.75) | $9.55 | $0.68 | $0.00 | — | |
| Basic earnings (loss) per common share attributable to Sphere Entertainment Co.’s stockholders (in dollars per share) | — | ($1) | $1 | ($17) | ($6) | $15 | ($6) | $1 | — | |
| Diluted earnings (loss) per common share attributable to Sphere Entertainment Co.’s stockholders (in dollars per share) | $0 | ($1) | $1 | ($17) | ($6) | $14 | ($6) | $1 | — | |
| Basic (in shares) | $24.0m | $24.0m | $24.0m | $24.2m | $34.3m | $34.7m | $35.3m | $36.1m | $36.0m | |
| Diluted (in shares) | $24.0m | $24.0m | $24.0m | $24.2m | $34.3m | $34.9m | $35.3m | $45.3m | $40.9m | |
| Depreciation and amortization | $112.1m | $109.3m | $104.9m | $114.7m | $124.6m | ($103.4m) | ($256.5m) | ($336.4m) | $336.9m | |
| Impairment and other (losses) gains, net | — | — | — | $0 | $245k | $6.1m | ($121.5m) | ($69.8m) | — | |
| Operating (loss) income | ($31.3m) | ($45.6m) | ($59.8m) | ($450.2m) | ($102.7m) | $175.5m | ($309.5m) | ($229.6m) | — | |
| Gain on extinguishment of debt | — | — | $0 | $0 | ($35.8m) | $0 | $0 | $346.1m | — | |
| Other (expense) income, net | ($3.1m) | ($6.1m) | $38.9m | $51.1m | ($49.4m) | $536.9m | $35.2m | ($2.3m) | — | |
| Income (loss) from continuing operations | — | — | — | $4.6m | ($137.8m) | $172.0m | ($224.6m) | $33.4m | ($179.9m) | |
| Income from discontinued operations, net of taxes | — | — | — | ($171.1m) | ($52.3m) | $333.7m | $24.0m | $0 | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.