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Sphere Entertainment Valuation Multiples
Discover revenue and EBITDA valuation multiples for Sphere Entertainment and similar public comparables like Oriental Pearl Group, Nippon Television, Graham Holdings, ITV plc and more.
Sphere Entertainment Overview
About Sphere Entertainment
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: Sphere 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.
Founded
2019
HQ
Employees
3.3K
Website
Financials (LTM)
EV
$5B
Sphere Entertainment Financials
Sphere Entertainment reported last 12-month revenue of $1B and EBITDA of $272M.
In the same LTM period, Sphere Entertainment generated $654M in gross profit, $272M in EBITDA, and had net loss of ($7M).
Revenue (LTM)
Sphere Entertainment P&L
In the most recent fiscal year, Sphere Entertainment reported revenue of $1B and EBITDA of $464M.
Sphere Entertainment expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $654M | XXX | $630M | XXX | XXX | XXX |
| Gross Margin | 52% | XXX | 52% | XXX | XXX | XXX |
| EBITDA | $272M | XXX | $464M | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 38% | XXX | XXX | XXX |
| EBIT Margin | (16%) | XXX | (12%) | XXX | XXX | XXX |
| Net Profit | ($7M) | XXX | $33M | XXX | XXX | XXX |
| Net Margin | (1%) | XXX | 3% | XXX | XXX | XXX |
| Net Debt | — | — | $323M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Sphere Entertainment Stock Performance
Sphere Entertainment has current market cap of $5B, and enterprise value of $5B.
Market Cap Evolution
Sphere Entertainment's stock price is $133.56.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $5B | 3.6% | XXX | XXX | XXX | $0.94 |
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Start Free TrialSphere Entertainment Valuation Multiples
Sphere Entertainment trades at 4.1x EV/Revenue multiple, and 19.1x EV/EBITDA.
EV / Revenue (LTM)
Sphere Entertainment Financial Valuation Multiples
As of April 15, 2026, Sphere Entertainment has market cap of $5B and EV of $5B.
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 (724.9x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 4.1x | XXX | 4.3x | XXX | XXX | XXX |
| EV/EBITDA | 19.1x | XXX | 11.2x | XXX | XXX | XXX |
| EV/EBIT | (26.4x) | XXX | (35.0x) | XXX | XXX | XXX |
| EV/Gross Profit | 7.9x | XXX | 8.2x | XXX | XXX | XXX |
| P/E | (724.9x) | XXX | 141.9x | XXX | XXX | XXX |
| EV/FCF | 27.6x | XXX | 27.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Sphere Entertainment Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Sphere Entertainment Margins & Growth Rates
Sphere Entertainment's revenue in the last 12 month grew by 8%.
Sphere Entertainment's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.
Sphere Entertainment's rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Sphere Entertainment's rule of X is 48% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Sphere Entertainment Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 38% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | (36%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 33% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 48% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 64% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Sphere Entertainment Public Comps
See public comps and valuation multiples for other Events and TV Broadcasting comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Sphere Entertainment | XXX | XXX | XXX | XXX | XXX | XXX |
| Oriental Pearl Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Nippon Television | XXX | XXX | XXX | XXX | XXX | XXX |
| Graham Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| ITV plc | XXX | XXX | XXX | XXX | XXX | XXX |
| TBS Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Sphere Entertainment M&A Activity
Sphere Entertainment acquired XXX companies to date.
Last acquisition by Sphere Entertainment was on XXXXXXXX, XXXXX. Sphere Entertainment acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Sphere Entertainment
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSphere Entertainment Investment Activity
Sphere Entertainment invested in XXX companies to date.
Sphere Entertainment made its latest investment on XXXXXXXX, XXXXX. Sphere Entertainment invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Sphere Entertainment
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Sphere Entertainment
| When was Sphere Entertainment founded? | Sphere Entertainment was founded in 2019. |
| Where is Sphere Entertainment headquartered? | Sphere Entertainment is headquartered in United States. |
| How many employees does Sphere Entertainment have? | As of today, Sphere Entertainment has over 3K employees. |
| Who is the CEO of Sphere Entertainment? | Sphere Entertainment's CEO is James L. Dolan. |
| Is Sphere Entertainment publicly listed? | Yes, Sphere Entertainment is a public company listed on NYSE. |
| 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? | Sphere Entertainment main competitors are Oriental Pearl Group, Nippon Television, Graham Holdings, ITV plc. |
| What is the current market cap of Sphere Entertainment? | Sphere Entertainment's current market cap is $5B. |
| What is the current revenue of Sphere Entertainment? | Sphere Entertainment's last 12 months revenue is $1B. |
| What is the current revenue growth of Sphere Entertainment? | Sphere Entertainment revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Sphere Entertainment? | Current revenue multiple of Sphere Entertainment is 4.1x. |
| 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 $272M. |
| What is Sphere Entertainment's EBITDA margin? | Sphere Entertainment's last 12 months EBITDA margin is 22%. |
| What is the current EV/EBITDA multiple of Sphere Entertainment? | Current EBITDA multiple of Sphere Entertainment is 19.1x. |
| What is the current FCF of Sphere Entertainment? | Sphere Entertainment's last 12 months FCF is $188M. |
| What is Sphere Entertainment's FCF margin? | Sphere Entertainment's last 12 months FCF margin is 15%. |
| What is the current EV/FCF multiple of Sphere Entertainment? | Current FCF multiple of Sphere Entertainment is 27.6x. |
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