SPHR Sphere Entertainment Co.

Q3 2025 10-Q

Filed: Nov 4, 2025Period ending Sep 30, 2025

Communication Services

Services-Amusement & Recreation ServicesSEC EDGAR

Sphere Entertainment Co. (SPHR) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 4, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

• Revenue not explicitly stated; focus on audience attraction, advertisers, events for Sphere segment; MSG Networks depends on distributor agreements and subscribers
• No quarterly revenue or YoY comparisons provided; no margin % or profit figures disclosed

+3 more insights

Risk Factors

• New MSG Networks term loan facility $X entered June 27, 2025, maturing Dec 31, 2029, risk of acceleration and foreclosure if cash flows insufficient
• Updated debt risk: acceleration risk heightened with new MSGN Term Loan Facility details disclosed post recent refinancing

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Quarterly Financial Summary
XBRL

Revenue

$262M

▼ -7.1% QoQ

Net Income

-$101M

▼ -166.7% QoQ

Operating Margin

-49.5%

▼ -3172bp QoQ

Net Margin

-38.6%

▼ -9240bp QoQ

ROE

-4.7%

Total Assets

$4.1B

EPS (Diluted)

$-2.43

▼ -163.4% QoQ

Operating Cash Flow

$116M

▲ +296.1% QoQ

Source: XBRL data from Sphere Entertainment Co. Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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