Sphere EntertainmentSPHR
SPHR
About: Sphere Entertainment Co is a live entertainment and media company. The firm creates, writes, casts, produces, and tours shows and events. The group has two reportable segments which includeSphere and MSG Networks. Sphere is a next-generation entertainment medium, and MSG Networks operates two regional sports and entertainment networks, as well as a direct-to-consumer (DTC) and authenticated streaming product.
Employees: 3,100
0
Funds holding %
of 7,323 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
119% more call options, than puts
Call options by funds: $90.8M | Put options by funds: $41.5M
5.82% more ownership
Funds ownership: 117.35% [Q4 2024] → 123.17% (+5.82%) [Q1 2025]
3% less repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 66
5% less funds holding
Funds holding: 222 [Q4 2024] → 210 (-12) [Q1 2025]
15% less capital invested
Capital invested by funds: $1.37B [Q4 2024] → $1.17B (-$203M) [Q1 2025]
22% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 32
100% less funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 0 (-1) [Q1 2025]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$35
18%
downside
Avg. target
$60
40%
upside
High target
$75
75%
upside
4 analyst ratings
3 positive
75%
0 neutral
0%
1 negative
25%
Craig-Hallum Ryan Sigdahl | 75%upside $75 | Buy Initiated | 23 Jun 2025 |
JP Morgan David Karnovsky | 29%upside $55 | Overweight Maintained | 21 May 2025 |
Benchmark Mike Hickey | 18%downside $35 | Sell Reiterated | 19 May 2025 |
Guggenheim Curry Baker | 73%upside $74 | Buy Maintained | 9 May 2025 |
Financial journalist opinion
Positive
Seeking Alpha
3 weeks ago
SPHR: The High-Risk, High-Reward Play On Tomorrow's Entertainment Revolution
SPHR's Sphere is ramping up occupancy, driving operating leverage and setting the stage for margin expansion and a potential re-rating. The company is restructuring its debt, significantly reducing obligations and improving future cash flow sustainability, which strengthens its balance sheet. SPHR's strategy includes rolling out smaller, scalable 'mini spheres' globally, leveraging owned content and advertising for additional upside not yet priced in.
Neutral
Business Wire
1 month ago
…More Than You Can Imagine: The Wizard of Oz at Sphere Tickets on Sale Now at thesphere.com
LAS VEGAS--(BUSINESS WIRE)--Sphere Entertainment Co. (NYSE: SPHR) announced today that tickets are now on sale for The Wizard of Oz at Sphere, a fully immersive experience that will make you feel like you have stepped inside The Wizard of Oz through the use of all of Sphere's technologies. Presented in collaboration with Warner Bros. Discovery, Google, and Magnopus, The Wizard of Oz at Sphere will open at Sphere in Las Vegas on August 28 as part of The Sphere Experience, Sphere's signature cont.
Positive
Seeking Alpha
2 months ago
REITs: The Riches Are In The Niches
REITs offer diversified, inflation-hedged income and capital appreciation, making them a compelling addition to any long-term investment portfolio. Current REIT valuations are attractive, with strong growth projected in sectors like data centers, industrial, net lease, and residential properties. I recommend focusing on quality REITs trading below historical multiples, emphasizing margin of safety and reliable dividend growth.
Neutral
Seeking Alpha
2 months ago
Sphere Entertainment Co. (SPHR) Q1 2025 Earnings Call Transcript
Sphere Entertainment Co. (NYSE:SPHR ) Q1 2025 Results Conference Call May 8, 2025 10:00 AM ET Company Participants Ari Danes - SVP, IR, Financial Communications & Treasury James Dolan - Executive Chairman & CEO Robert Langer - EVP, Chief Financial Officer Jennifer Koester - Chief Operating Officer Conference Call Participants Brandon Ross - LightShed David Karnovsky - JPMorgan Stephen Laszczyk - Goldman Sachs Peter Supino - Wolfe Research Peter Henderson - Bank of America David Joyce - Seaport Research Partners Operator Good morning, and thank you for standing by. Welcome to the Sphere Entertainment Company First Quarter 2025 Earnings Conference Call.
Negative
Zacks Investment Research
2 months ago
Sphere Entertainment (SPHR) Reports Q1 Loss, Tops Revenue Estimates
Sphere Entertainment (SPHR) came out with a quarterly loss of $2.27 per share versus the Zacks Consensus Estimate of a loss of $2.48. This compares to loss of $1.33 per share a year ago.
Neutral
PRNewsWire
2 months ago
SPHERE ENTERTAINMENT CO. REPORTS FIRST QUARTER 2025 RESULTS
NEW YORK , May 8, 2025 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment" or the "Company") today reported financial results for the first quarter ended March 31, 2025.(1) Recent Sphere operating highlights include: The Company announced new multi-year marketing partnerships with Pepsi and Google; Sphere in Las Vegas is on track to host multiple corporate events in the second quarter, including Hewlett Packard Enterprise for the second consecutive year; Insomniac and Tomorrowland announced 'Unity' – Sphere's next electronic dance music event – with nine shows scheduled between the end of August and October; and Dead & Company is in the midst of an 18-show residency (following their 30-show run in 2024), which will be followed by residencies from Kenny Chesney and the Backstreet Boys, as well as the return of the Eagles this fall.
Positive
Zacks Investment Research
2 months ago
Sphere Entertainment (SPHR) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release
Sphere Entertainment (SPHR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
PRNewsWire
2 months ago
Sphere Entertainment Co. to Host First Quarter 2025 Conference Call
NEW YORK , May 2, 2025 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) will host a conference call to discuss results for the first quarter ended March 31, 2025 on Thursday, May 8, 2025 at 10:00 a.m. Eastern Time.
Positive
Seeking Alpha
3 months ago
Out Of The Shadows: How Sphere's Vegas Juggernaut Can Crush Its RSN Drag
Sphere Entertainment stock has dropped 44% since October, largely due to MSG Networks' struggles, but offers potential upside with a focus on its high-growth Las Vegas Sphere. The potential bankruptcy of MSG Networks could allow Sphere to restructure $800 million in debt, refocus on its experiential business, and improve financial health. Despite mixed Q4 results and high operational expenses, Sphere's flagship business shows strong growth, and institutional investors continue to buy shares, indicating confidence.
Neutral
PRNewsWire
3 months ago
Google and Sphere Announce Technology Partnership and Reveal New Details on the AI Technology Behind Upcoming The Wizard of Oz at Sphere
Google named the official AI partner of The Wizard of Oz at Sphere and official AI partner of Sphere Collaboration between Google and Sphere combines immersive entertainment and cutting-edge technology, similar to how the film's use of Technicolor revolutionized movies nearly 90 years ago SUNNYVALE, Calif. and LAS VEGAS , April 8, 2025 /PRNewswire/ -- Google and Sphere Entertainment Co. (NYSE: SPHR) today announced a new AI technology partnership to help bring the groundbreaking The Wizard of Oz at Sphere to life using generative AI (gen AI).
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