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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 $52.9M
$1.9B
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Sphere Entertainment has a last 12-month revenue of $1.1B and a last 12-month EBITDA of $52.9M.
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| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $1.0B | $536M | XXX | XXX | XXX |
| Gross Profit | $232M | $479M | XXX | XXX | XXX |
| Gross Margin | 23% | 89% | XXX | XXX | XXX |
| EBITDA | -$23.9M | -$84.0M | XXX | XXX | XXX |
| EBITDA Margin | -2% | -16% | XXX | XXX | XXX |
| Net Profit | $503M | -$201M | XXX | XXX | XXX |
| Net Margin | 49% | -37% | XXX | XXX | XXX |
| Net Debt | $1.1B | $812M | XXX | XXX | XXX |
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As of April 15, 2025, Sphere Entertainment's stock price is $27.
Sphere Entertainment has current market cap of $949M, and EV of $1.9B.
See Sphere Entertainment trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.9B | $949M | XXX | XXX | XXX | XXX | $-6.51 |
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Sign UpAs of April 15, 2025, Sphere Entertainment has market cap of $949M and EV of $1.9B.
Sphere Entertainment's trades at 1.8x LTM EV/Revenue multiple, and 36.6x LTM EBITDA.
Analysts estimate Sphere Entertainment's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Sphere Entertainment and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $1.9B | XXX | XXX | XXX |
| EV/Revenue | 3.6x | XXX | XXX | XXX |
| EV/EBITDA | -23.1x | XXX | XXX | XXX |
| P/E | -4.1x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | -238.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpSphere Entertainment's NTM/LTM revenue growth is 12%
Sphere Entertainment's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Sphere Entertainment's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Sphere Entertainment's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Sphere Entertainment and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -48% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -16% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 252% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | -4% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 78% | XXX | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Grand Prix International | XXX | XXX | XXX | XXX | XXX | XXX |
| Miss Grand International | XXX | XXX | XXX | XXX | XXX | XXX |
| FC Copenhagen | XXX | XXX | XXX | XXX | XXX | XXX |
| CTS Eventim | XXX | XXX | XXX | XXX | XXX | XXX |
| Highlight Communications | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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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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Sign Up| 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 $949M |
| What is the current revenue of Sphere Entertainment? | Sphere Entertainment's last 12-month revenue is $1.1B. |
| What is the current EBITDA of Sphere Entertainment? | Sphere Entertainment's last 12-month EBITDA is $52.9M. |
| What is the current EV/Revenue multiple of Sphere Entertainment? | Current revenue multiple of Sphere Entertainment is 1.8x. |
| What is the current EV/EBITDA multiple of Sphere Entertainment? | Current EBITDA multiple of Sphere Entertainment is 36.6x. |
| What is the current revenue growth of Sphere Entertainment? | Sphere Entertainment revenue growth between 2023 and 2024 was -48%. |
| Is Sphere Entertainment profitable? | Yes, Sphere Entertainment is EBITDA-positive (as of the last 12 months). |
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