$SPHR
Sphere Entertainment Co.
CIK:0001795250|SEC Filings
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Income Statement [Abstract] | ||||||
| Revenues | [1] | $ 313,639 | $ 282,677 | $ 700,051 | $ 563,251 | |
| Operating expenses: | ||||||
| Direct operating expenses | [1] | 151,063 | 131,318 | 320,710 | 289,641 | |
| Selling, general and administrative expenses | [1] | 139,207 | 113,023 | 260,910 | 227,292 | |
| Depreciation and amortization | 84,308 | 83,907 | 168,675 | 168,136 | ||
| Impairments and other losses, net | 0 | 3,641 | 79 | 4,162 | ||
| Restructuring charges | 323 | 947 | 3,737 | 2,788 | ||
| Operating loss | (61,262) | (50,159) | (54,060) | (128,768) | ||
| Other income (expense): | ||||||
| Gain (loss) on extinguishment of debt | 0 | 346,092 | (2,071) | 346,092 | ||
| Interest income | 4,786 | 4,084 | 8,737 | 7,962 | ||
| Interest expense | (8,273) | (25,862) | (16,312) | (52,068) | ||
| Other expense, net | (504) | (400) | (1,928) | (1,740) | ||
| (Loss) income from continuing operations before income taxes | (65,253) | 273,755 | (65,634) | 171,478 | ||
| Income tax benefit (expense) | 26,926 | (121,939) | 31,767 | (101,616) | ||
| Net (loss) income | (38,327) | 151,816 | (33,867) | 69,862 | ||
| Less: Net income attributable to participating securities | 461 | 0 | 6,514 | 0 | ||
| Net (loss) income attributable to Sphere Entertainment Co.’s stockholders | (38,788) | 151,816 | (40,381) | 69,862 | ||
| Net (loss) income attributable to Sphere Entertainment Co.’s stockholders | $ (38,788) | $ 151,816 | $ (40,381) | $ 69,862 | ||
| Basic (loss) income per common share attributable to Sphere Entertainment Co.’s stockholders (in dollars per share) | $ (1.07) | $ 4.18 | $ (1.12) | $ 1.93 | ||
| Diluted (loss) income per common share attributable to Sphere Entertainment Co.’s stockholders (in dollars per share) | $ (1.07) | $ 3.39 | $ (1.12) | $ 1.56 | ||
| Weighted-average number of common shares outstanding: | ||||||
| Basic (in shares) | 36,150 | 36,283 | 36,015 | 36,196 | ||
| Diluted (in shares) | 36,150 | 44,848 | 36,015 | 44,865 | ||
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