Sphere Entertainment (NYSE:SPHR) Sets New 1-Year High on Earnings Beat

Sphere Entertainment Co. (NYSE:SPHR) reached a new 52-week high during trading on Thursday following a better than expected earnings announcement. The company traded as high as $106.50 and last traded at $113.07, with a volume of 57393 shares traded. The stock had previously closed at $94.80.

The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $1.35. Sphere Entertainment had a negative return on equity of 17.20% and a negative net margin of 13.87%.The firm had revenue of $394.28 million during the quarter, compared to the consensus estimate of $377.60 million. During the same period in the prior year, the firm posted ($3.49) earnings per share. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year.

Sphere Entertainment News Roundup

Here are the key news stories impacting Sphere Entertainment this week:

• Positive Sentiment: Q4 results materially beat expectations — EPS of $1.23 vs. a consensus loss and revenue of ~$394M (above estimates), with revenue up ~28% year‑over‑year, signaling meaningful operational recovery and driving investor optimism. Sphere Entertainment Co. Reports Fourth Quarter and Full-Year 2025 Results
• Positive Sentiment: Ongoing strong box‑office performance (notably the “Wizard of Oz” residency) is cited as a key revenue driver and a reason for the stock rally, implying sustained event demand and higher per‑show economics. Sphere shares surge on Q4 results topper, ongoing ‘Wizard of Oz’ success
• Positive Sentiment: Company announced intent to develop a second U.S. Sphere venue (a smaller‑scale design) in Maryland — a growth/capacity expansion signal that supports longer‑term revenue runway and investor enthusiasm. Sphere Entertainment Co. Reports Fourth Quarter and Full-Year 2025 Results
• Neutral Sentiment: Full earnings call transcript is available — useful for investors wanting management commentary on margins, guidance, capex and venue rollouts (no new guidance surprises highlighted in headlines). Sphere Entertainment Co. (SPHR) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Press and snapshot coverage summarizes the beat and operational highlights — useful for quick context but adds no new metrics beyond the release. Sphere Entertainment: Q4 Earnings Snapshot
• Negative Sentiment: Despite the beat, the company still reports a negative net margin and negative return on equity, underscoring that profitability and cash‑flow normalization remain work‑in‑progress. Press Release / Earnings Pack (MarketBeat link)
• Negative Sentiment: Analyst models still expect negative full‑year EPS (consensus cited as materially negative), so upside from a single quarter may be offset if management doesn’t provide credible path to consistent profitability. Sphere Entertainment (SPHR) Q4 Earnings and Revenues Surpass Estimates

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley upgraded shares of Sphere Entertainment from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $75.00 to $105.00 in a research report on Thursday, December 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sphere Entertainment in a report on Wednesday, January 21st. Seaport Research Partners raised shares of Sphere Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 8th. New Street Research set a $110.00 target price on shares of Sphere Entertainment in a report on Thursday, January 15th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $100.00 price target on shares of Sphere Entertainment in a report on Thursday, December 18th. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $94.38.

Institutional Investors Weigh In On Sphere Entertainment

Hedge funds have recently made changes to their positions in the company. D.A. Davidson & CO. acquired a new position in Sphere Entertainment in the 2nd quarter worth about $209,000. Fox Run Management L.L.C. acquired a new position in Sphere Entertainment in the second quarter worth approximately $609,000. Geode Capital Management LLC increased its holdings in Sphere Entertainment by 1.5% in the second quarter. Geode Capital Management LLC now owns 650,037 shares of the company’s stock worth $27,175,000 after buying an additional 9,746 shares during the last quarter. SG Americas Securities LLC bought a new position in Sphere Entertainment during the third quarter valued at approximately $2,937,000. Finally, Quantum Private Wealth LLC acquired a new stake in Sphere Entertainment in the second quarter valued at approximately $238,000. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Sphere Entertainment Price Performance

The company’s 50-day simple moving average is $93.68 and its 200 day simple moving average is $71.45. The company has a market capitalization of $4.10 billion, a P/E ratio of -22.47 and a beta of 1.68. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.36.

Sphere Entertainment Company Profile

Sphere Entertainment Co (NYSE: SPHR) is a publicly traded company focused on the development and operation of large-scale immersive entertainment venues. Established as a standalone entity in early 2023 following its separation from Madison Square Garden Entertainment, Sphere leverages cutting-edge audiovisual technologies to create next-generation concert, film and cultural experiences. The company’s flagship venue in Las Vegas showcases its core capabilities, while additional projects are in various stages of development around the world.

At the Las Vegas Sphere, Sphere Entertainment has installed one of the largest LED display surfaces on the planet, wrapping audiences in 16K resolution imagery and spatial audio powered by proprietary sound systems.