---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-048533"
form_type: "8-K"
ticker: "SPHR"
cik: "0001795250"
company_name: "Sphere Entertainment Co."
filed_at: "2025-11-04T23:59:59+00:00"
generated_at: "2026-05-17T00:40:51.738199+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sphere Entertainment Q3 revenue $262.5M (+15% YoY); adjusted operating income turns positive at $36.4M

## Summary
- Revenue $262.5M (+15% YoY); operating loss $129.7M vs $117.6M; adjusted operating income $36.4M vs -$10.2M.
- Sphere segment revenue $174.1M (+37% YoY); sphere adjusted operating income $17.1M vs -$26.3M.
- MSG Networks revenue $88.4M (-12% YoY); adjusted operating income $19.3M (+20% YoY).
- Wizard of Oz at Sphere debuted Aug 28, surpassed 1M tickets sold by mid-Oct; sponsorships with Zoox and Lenovo.
- Repurchased ~$50M of Class A common stock during Q3.

## SEC filing metadata
- accession: 0001628280-25-048533
- form_type: 8-K
- ticker: SPHR
- cik: 0001795250
- company_name: Sphere Entertainment Co.
- filed_at: 2025-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795250/000162828025048533/0001628280-25-048533-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795250/000162828025048533/sphr-20251104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-048533
- JSON: https://secwatch.observer/filing/0001628280-25-048533.json
- Plain text: https://secwatch.observer/filing/0001628280-25-048533.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.