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Sphere Entertainment Co. (SPHR) filed an 8-K current report with the SEC on May 5, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Q1 fiscal 2026 results for quarter ended March 31, 2026.
Sphere Entertainment Co. 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Q1 fiscal 2026 results for quarter ended March 31, 2026
- Results announcement dated May 5, 2026
- Detailed financial results contained in Exhibit 99.1 press release
Item EX-99.1 · Exhibit EX-99.1
- Q1 revenue $386.4M, up 38%; operating income $7.2M versus $(78.6)M, marking a sharp GAAP turnaround
- Sphere revenue $266.0M, up 69%, with adjusted operating income $74.3M versus $13.1M
- Sphere growth driven by 209 Wizard of Oz performances, six additional concert shows, and higher brand-event revenue
- MSG Networks revenue declined 2% to $120.4M, but adjusted operating income rose 56% to $35.7M on lower rights fees
- Operating cash flow reached $136.2M versus $6.3M; cash, cash equivalents, and restricted cash increased to $630.2M
- Metallica’s 24-show October 2026 residency and planned Abu Dhabi and National Harbor venues support Sphere’s expansion pipeline
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