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Sphere Entertainment Co is a live entertainment and media company. The firm creates, writes, casts, produces, and tours shows and events. The group has two reportable segments which includeSphere and MSG Networks. Sphere is a next-generation entertainment medium, and MSG Networks operates two regional sports and entertainment networks, as well as a direct-to-consumer (DTC) and authenticated streaming product.
2019
3.1K+
LTM Revenue $1.1B
LTM EBITDA $67.5M
$2.4B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Sphere Entertainment has a last 12-month revenue (LTM) of $1.1B and a last 12-month EBITDA of $67.5M.
In the most recent fiscal year, Sphere Entertainment achieved revenue of $536M and an EBITDA of -$84.0M.
Sphere Entertainment expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Sphere Entertainment valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $1.1B | XXX | $536M | XXX | XXX | XXX |
| Gross Profit | $538M | XXX | $229M | XXX | XXX | XXX |
| Gross Margin | 50% | XXX | 43% | XXX | XXX | XXX |
| EBITDA | $67.5M | XXX | -$84.0M | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | -16% | XXX | XXX | XXX |
| EBIT | -$263M | XXX | -$190M | XXX | XXX | XXX |
| EBIT Margin | -24% | XXX | -35% | XXX | XXX | XXX |
| Net Profit | -$225M | XXX | -$231M | XXX | XXX | XXX |
| Net Margin | -21% | XXX | -43% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $851M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, Sphere Entertainment's stock price is $38.
Sphere Entertainment has current market cap of $1.4B, and EV of $2.4B.
See Sphere Entertainment trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2.4B | $1.4B | XXX | XXX | XXX | XXX | $-6.58 |
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Start Free TrialAs of May 30, 2025, Sphere Entertainment has market cap of $1.4B and EV of $2.4B.
Sphere Entertainment's trades at 4.4x EV/Revenue multiple, and -28.0x EV/EBITDA.
Equity research analysts estimate Sphere Entertainment's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Sphere Entertainment has a P/E ratio of -6.0x.
See valuation multiples for Sphere Entertainment and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1.4B | XXX | $1.4B | XXX | XXX | XXX |
| EV (current) | $2.4B | XXX | $2.4B | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | 4.4x | XXX | XXX | XXX |
| EV/EBITDA | 34.9x | XXX | -28.0x | XXX | XXX | XXX |
| EV/EBIT | -9.0x | XXX | -12.4x | XXX | XXX | XXX |
| EV/Gross Profit | 4.4x | XXX | n/a | XXX | XXX | XXX |
| P/E | -6.0x | XXX | -5.9x | XXX | XXX | XXX |
| EV/FCF | -22.0x | XXX | -290.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialSphere Entertainment's last 12 month revenue growth is 10%
Sphere Entertainment's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Sphere Entertainment's rule of 40 is 7% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Sphere Entertainment's rule of X is 30% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Sphere Entertainment and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 51% | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | -16% | XXX | XXX | XXX |
| EBITDA Growth | 99% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | 7% | XXX | -6% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 30% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 78% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
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|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Grand Prix International | XXX | XXX | XXX | XXX | XXX | XXX |
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| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Sphere Entertainment acquired XXX companies to date.
Last acquisition by Sphere Entertainment was XXXXXXXX, XXXXX XXXXX XXXXXX . Sphere Entertainment acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Sphere Entertainment founded? | Sphere Entertainment was founded in 2019. |
| Where is Sphere Entertainment headquartered? | Sphere Entertainment is headquartered in United States of America. |
| How many employees does Sphere Entertainment have? | As of today, Sphere Entertainment has 3.1K+ employees. |
| Who is the CEO of Sphere Entertainment? | Sphere Entertainment's CEO is Mr. James L. Dolan. |
| Is Sphere Entertainment publicy listed? | Yes, Sphere Entertainment is a public company listed on NYS. |
| What is the stock symbol of Sphere Entertainment? | Sphere Entertainment trades under SPHR ticker. |
| When did Sphere Entertainment go public? | Sphere Entertainment went public in 2020. |
| Who are competitors of Sphere Entertainment? | Similar companies to Sphere Entertainment include e.g. Grand Prix International, Miss Grand International, FC Copenhagen, CTS Eventim. |
| What is the current market cap of Sphere Entertainment? | Sphere Entertainment's current market cap is $1.4B |
| What is the current revenue of Sphere Entertainment? | Sphere Entertainment's last 12 months revenue is $1.1B. |
| What is the current revenue growth of Sphere Entertainment? | Sphere Entertainment revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of Sphere Entertainment? | Current revenue multiple of Sphere Entertainment is 2.2x. |
| Is Sphere Entertainment profitable? | Yes, Sphere Entertainment is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Sphere Entertainment? | Sphere Entertainment's last 12 months EBITDA is $67.5M. |
| What is Sphere Entertainment's EBITDA margin? | Sphere Entertainment's last 12 months EBITDA margin is 6%. |
| What is the current EV/EBITDA multiple of Sphere Entertainment? | Current EBITDA multiple of Sphere Entertainment is 34.9x. |
| What is the current FCF of Sphere Entertainment? | Sphere Entertainment's last 12 months FCF is -$107M. |
| What is Sphere Entertainment's FCF margin? | Sphere Entertainment's last 12 months FCF margin is -10%. |
| What is the current EV/FCF multiple of Sphere Entertainment? | Current FCF multiple of Sphere Entertainment is -22.0x. |
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