Financial Snapshot

Revenue
$1.137B
TTM
Gross Margin
46.31%
TTM
Net Earnings
-$372.4M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
55.96%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$2.314B
Q3 2024
Cash
Q3 2024
P/E
-3.805
Nov 29, 2024 EST
Free Cash Flow
-$9.186M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Revenue $1.027B $573.8M $1.725B $814.2M $1.436B $1.049B $989.0M $711.0M
YoY Change 78.95% -66.73% 111.81% -43.3% 36.91% 6.06% 39.1%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Revenue $1.027B $573.8M $1.725B $814.2M $1.436B $1.049B $989.0M $711.0M
Cost Of Revenue $542.1M $340.5M $958.7M $400.8M $508.1M $670.6M $635.2M $517.1M
Gross Profit $484.8M $233.3M $766.0M $413.4M $254.8M $378.3M $353.8M $193.9M
Gross Profit Margin 47.21% 40.66% 44.41% 50.78% 17.74% 36.07% 35.77% 27.27%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Selling, General & Admin $438.6M $453.8M $681.8M $424.4M $433.2M $314.5M $273.0M $194.3M
YoY Change -3.36% -33.44% 60.67% -2.04% 37.74% 15.21% 40.5%
% of Gross Profit 90.47% 194.52% 89.01% 102.64% 170.02% 83.14% 77.16% 100.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $256.5M $103.4M $124.6M $122.0M $112.1M $109.3M $112.1M $98.10M
YoY Change 148.12% -17.05% 2.16% 8.87% 2.49% -2.42% 14.23%
% of Gross Profit 52.91% 44.31% 16.27% 29.51% 43.98% 28.9% 31.67% 50.59%
Operating Expenses $695.1M $484.5M $1.827B $1.002B $822.7M $1.095B $273.0M $292.3M
YoY Change 43.45% -73.48% 82.29% 21.85% -24.83% 300.92% -6.6%
Operating Profit -$210.3M -$251.2M -$102.7M -$188.2M $235.2M -$45.60M -$31.28M -$98.40M
YoY Change -16.3% 144.64% -45.44% -180.02% -615.85% 45.76% -68.21%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Interest Expense -$60.86M $11.59M $27.16M $20.42M $36.56M $15.26M $12.15M -$20.30M
YoY Change -625.32% -57.34% 32.96% -44.14% 139.58% 25.61% -159.85%
% of Operating Profit 15.55%
Other Income/Expense, Net $35.20M $536.9M -$113.2M $27.43M $16.29M $15.90M $2.339M -$1.700M
YoY Change -93.44% -574.14% -512.83% 68.37% 2.45% 579.86% -237.59%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Pretax Income -$360.2M $275.4M -$215.9M -$160.8M $251.5M -$29.70M -$28.94M -$120.4M
YoY Change -230.79% -227.55% 34.29% -163.93% -946.95% 2.6% -75.96%
Income Tax -$135.6M $103.4M -$25.79M $5.725M $101.7M $443.0K -$30.83M -$7.800M
% Of Pretax Income 37.54% 40.43%
Net Earnings -$200.6M $502.8M -$194.4M -$148.2M $181.7M -$17.89M $6.898M -$108.5M
YoY Change -139.91% -358.63% 31.21% -181.52% -1115.61% -359.41% -106.36%
Net Earnings / Revenue -19.54% 87.62% -11.27% -18.2% 12.66% -1.71% 0.7% -15.26%
Basic Earnings Per Share -$5.68 $14.51 -$5.77 -$4.60 $5.21 -$0.75
Diluted Earnings Per Share -$5.68 $14.40 -$5.77 -$4.60 $5.20 -$0.75 $287.5K -$4.521M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Cash & Short-Term Investments $559.8M $132.0M $828.5M $1.517B $1.244B $1.191B $1.226B
YoY Change 324.17% -84.07% -45.38% 21.97% 4.47% -2.86%
Cash & Equivalents $559.8M $132.0M $828.5M $1.517B $906.6M $1.082B $1.226B
Short-Term Investments $337.2M $108.4M $0.00
Other Short-Term Assets $66.83M $352.9M $135.3M $132.2M $98.60M $66.70M $42.10M
YoY Change -81.06% 160.75% 2.41% 34.04% 47.83% 58.43%
Inventory
Prepaid Expenses
Receivables $229.7M $112.6M $222.2M $191.7M $61.00M $87.90M $85.10M
Other Receivables $9.377M $26.40M $32.54M $31.92M $23.10M $1.700M $600.0K
Total Short-Term Assets $865.7M $623.9M $1.219B $1.873B $1.427B $1.347B $1.353B
YoY Change 38.75% -48.8% -34.93% 31.28% 5.93% -0.49%
Property, Plant & Equipment $3.265B $3.392B $3.386B $2.437B $1.866B $1.349B $1.225B
YoY Change -3.75% 0.19% 38.93% 30.57% 38.34% 10.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $30.73M $394.5M $43.80M $49.22M $52.60M $84.60M $210.0M
YoY Change -92.21% 800.65% -11.01% -6.42% -37.83% -59.71%
Other Assets $123.6M $87.79M $145.3M $166.7M -$108.0M -$107.1M -$156.3M
YoY Change 40.77% -39.59% -12.82% -254.35% 0.84% -31.48%
Total Long-Term Assets $3.922B $4.349B $4.304B $3.417B $2.293B $1.969B $1.935B
YoY Change -9.82% 1.06% 25.94% 49.04% 16.43% 1.79%
Total Assets $4.788B $4.973B $5.522B $5.290B $3.719B $3.316B $3.288B
YoY Change
Accounts Payable $300.5M $440.2M $31.98M $26.64M $17.30M $24.00M $28.30M
YoY Change -31.74% 1276.34% 20.03% 54.01% -27.92% -15.19%
Accrued Expenses $135.2M $85.71M $584.0M $376.0M $247.7M $171.0M $131.8M
YoY Change 57.72% -85.32% 55.31% 51.81% 44.85% 29.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $849.4M $82.50M $73.84M $53.97M $5.400M $6.000M $4.400M
YoY Change 929.62% 11.72% 36.81% 899.5% -10.0% 36.36%
Total Short-Term Liabilities $1.374B $692.1M $956.4M $729.9M $510.0M $474.0M $483.9M
YoY Change 98.47% -27.63% 31.04% 43.11% 7.59% -2.05%
Long-Term Debt $522.7M $1.118B $1.669B $1.651B $28.10M $48.60M $101.3M
YoY Change -53.26% -33.0% 1.13% 5774.12% -42.18% -52.02%
Other Long-Term Liabilities $250.8M $199.1M $573.5M $390.8M $294.2M $116.7M $112.9M
YoY Change 25.97% -65.29% 46.74% 32.84% 152.1% 3.37%
Total Long-Term Liabilities $773.5M $1.317B $2.243B $2.041B $322.3M $165.3M $214.2M
YoY Change -41.29% -41.26% 9.86% 533.4% 94.98% -22.83%
Total Liabilities $2.372B $2.389B $3.559B $3.121B $877.6M $743.7M $809.7M
YoY Change -0.7% -32.87% 14.02% 255.67% 18.0% -8.15%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $1.4167 Billion

About Sphere Entertainment Co.

Sphere Entertainment Co. engages in the provision of live entertainment and media services. The company is headquartered in New York City, New York and currently employs 970 full-time employees. The company went IPO on 2020-04-09. The Company’s segments include Sphere and MSG Networks. The Sphere is an entertainment medium, and MSG Networks operates two regional sports and entertainment networks, as well as a direct-to-consumer (DTC) and authenticated streaming product. Sphere segment reflects Sphere, an entertainment medium powered by cutting-edge technologies to create multi-sensory experiences at an unparalleled scale. The MSG Networks segment comprises the Company’s regional sports and entertainment networks, MSG Network and MSG Sportsnet, as well as its DTC streaming product, MSG+. MSG Networks serves the New York Designated Market Area, as well as other portions of New York, New Jersey, Connecticut and Pennsylvania and features a wide range of sports content, including live local games and other programming of the New York Knicks of the National Basketball Association and the New York Rangers, New York Islanders and others.

Industry: Services-Amusement & Recreation Services Peers: Migom Global Corp. AMC ENTERTAINMENT HOLDINGS, INC. Cinemark Holdings, Inc. Madison Square Garden Sports Corp. MARCUS CORP ROKU, INC Walt Disney Co WORLD WRESTLING ENTERTAINMENT, LLC