---
schema_version: "secwatch.filing_event.v1"
accession: "0001795250-25-000027"
form_type: "8-K"
ticker: "SPHR"
cik: "0001795250"
company_name: "Sphere Entertainment Co."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T05:11:10.436949+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sphere Entertainment Q1 revenue down 13%; operating loss widens to $78.6M

## Summary
- Revenue $280.6M, down $40.8M YoY; operating loss of $78.6M vs $40.4M loss a year ago.
- Sphere segment revenue $157.5M (-8% YoY); MSG Networks $123.0M (-19% YoY).
- Adjusted operating income $36.0M, down $25.6M YoY; Sphere segment adjusted OI rose slightly to $13.1M.
- New multi-year marketing partnerships announced with Pepsi and Google.
- Upcoming residencies: Dead & Company 18-show run, Kenny Chesney, Backstreet Boys, Eagles return.

## SEC filing metadata
- accession: 0001795250-25-000027
- form_type: 8-K
- ticker: SPHR
- cik: 0001795250
- company_name: Sphere Entertainment Co.
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795250/000179525025000027/0001795250-25-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795250/000179525025000027/sphr-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001795250-25-000027
- JSON: https://secwatch.observer/filing/0001795250-25-000027.json
- Plain text: https://secwatch.observer/filing/0001795250-25-000027.txt

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