Sphere Entertainment Q1 revenue rises 38%, beats analyst estimates

Sphere Entertainment

05/05/2026 12:40

Overview

Immersive experiences and media firm's Q1 revenue rose 38%, beating analyst expectations

Sphere segment revenue climbed 69%, driven by higher per-show revenue and more events

Result Drivers

THE SPHERE EXPERIENCE - Higher per-show revenue and more performances of The Wizard of Oz at Sphere drove segment revenue growth

EVENT-RELATED REVENUE - Increase due to more brand events and additional concert residency shows at Sphere in Las Vegas

SPONSORSHIP AND ADVERTISING - Modest growth from new sponsorships and higher suite license fee revenues

Company press release: ID:nBw3rw3mHa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$386.40 mln
$351.99 mln (10 Analysts)
Q1 Net Income
$4.46 mln
Q1 Adjusted Operating Income
$110 mln
Q1 Operating Income
$7.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the entertainment production peer group is "buy"

Wall Street's median 12-month price target for Sphere Entertainment Co is $136.50, about 0% above its May 4 closing price of $136.46

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)