Sphere Entertainment Files Q1 2025 10-Q
Ticker: SPHR · Form: 10-Q · Filed: 2025-05-08T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, reporting
TL;DR
Sphere Entertainment's Q1 2025 10-Q is in. Check financials.
AI Summary
Sphere Entertainment Co. filed its 10-Q for the period ending March 31, 2025. The company, formerly Madison Square Garden Entertainment Corp., reported financial results and operational updates. Key financial data and business segments were detailed within the filing.
Why It Matters
This filing provides investors with the latest financial performance and operational details for Sphere Entertainment Co., crucial for understanding the company's current standing and future prospects.
Risk Assessment
Risk Level: medium — Quarterly reports can reveal shifts in financial health or operational challenges that may impact stock price.
Key Numbers
- 2025-03-31 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
- 2025-05-08 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- Sphere Entertainment Co. (company) — Filer of the 10-Q
- Madison Square Garden Entertainment Corp. (company) — Former name of Sphere Entertainment Co.
- 20250331 (date) — End of the reporting period
- 20250508 (date) — Filing date
FAQ
What was Sphere Entertainment Co.'s former name?
Sphere Entertainment Co.'s former name was Madison Square Garden Entertainment Corp., with a name change date of April 17, 2020.
What is the fiscal year end for Sphere Entertainment Co.?
The fiscal year end for Sphere Entertainment Co. is December 31.
What is the SIC code for Sphere Entertainment Co.?
The Standard Industrial Classification (SIC) code for Sphere Entertainment Co. is 7900, categorized under SERVICES-AMUSEMENT & RECREATION SERVICES.
What is the SEC file number for Sphere Entertainment Co.?
The SEC file number for Sphere Entertainment Co. is 001-39245.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending March 31, 2025.
From the Filing
0001795250-25-000029.txt : 20250508 0001795250-25-000029.hdr.sgml : 20250508 20250508161624 ACCESSION NUMBER: 0001795250-25-000029 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 97 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250508 DATE AS OF CHANGE: 20250508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sphere Entertainment Co. CENTRAL INDEX KEY: 0001795250 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900] ORGANIZATION NAME: 07 Trade & Services EIN: 843755666 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-39245 FILM NUMBER: 25926374 BUSINESS ADDRESS: STREET 1: TWO PENNSYLVANIA PLAZA CITY: NEW YORK STATE: NY ZIP: 10121 BUSINESS PHONE: (212) 465-6000 MAIL ADDRESS: STREET 1: TWO PENNSYLVANIA PLAZA CITY: NEW YORK STATE: NY ZIP: 10121 FORMER COMPANY: FORMER CONFORMED NAME: Madison Square Garden Entertainment Corp. DATE OF NAME CHANGE: 20200417 FORMER COMPANY: FORMER CONFORMED NAME: MSG ENTERTAINMENT SPINCO, INC. DATE OF NAME CHANGE: 20191126 10-Q 1 sphr-20250331.htm 10-Q sphr-20250331 0001795250 12/31 2025 Q1 false false false false false xbrli:shares iso4217:USD iso4217:USD xbrli:shares sphr:segment sphr:network sphr:guest utr:sqft utr:ft xbrli:pure sphr:complaint sphr:plan 0001795250 2025-01-01 2025-03-31 0001795250 us-gaap:CommonClassAMember 2025-04-30 0001795250 us-gaap:CommonClassBMember 2025-04-30 0001795250 2025-03-31 0001795250 2024-12-31 0001795250 us-gaap:NonrelatedPartyMember 2025-03-31 0001795250 us-gaap:NonrelatedPartyMember 2024-12-31 0001795250 us-gaap:RelatedPartyMember 2025-03-31 0001795250 us-gaap:RelatedPartyMember 2024-12-31 0001795250 us-gaap:CommonClassAMember 2025-03-31 0001795250 us-gaap:CommonClassAMember 2024-12-31 0001795250 us-gaap:CommonClassBMember 2025-03-31 0001795250 us-gaap:CommonClassBMember 2024-12-31 0001795250 2024-01-01 2024-03-31 0001795250 2023-12-31 0001795250 2024-03-31 0001795250 us-gaap:CommonStockMember 2024-12-31 0001795250 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001795250 us-gaap:RetainedEarningsMember 2024-12-31 0001795250 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0001795250 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0001795250 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-01-01 2025-03-31 0001795250 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0001795250 us-gaap:CommonStockMember 2025-03-31 0001795250 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0001795250 us-gaap:RetainedEarningsMember 2025-03-31 0001795250 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-31 0001795250 us-gaap:CommonStockMember 2023-12-31 0001795250 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001795250 us-gaap:RetainedEarningsMember 2023-12-31 0001795250 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001795250 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001795250 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001795250 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001795250 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001795250 us-gaap:CommonStockMember 2024-03-31 0001795250 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001795250 us-gaap:RetainedEarningsMember 2024-03-31 0001795250 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001795250 sphr:StudioCampusMember 2025-01-01 2025-03-31 0001795250 sphr:BigDomeMember 2025-01-01 2025-03-31 0001795250 sphr:ExosphereMember 2025-01-01 2025-03-31 0001795250 sphr:MSGNetworksMember 2025-03-31 0001795250 sphr:MSGNetworksMember srt:ScenarioForecastMember 2025-01-01 2025-12-31 0001795250 sphr:SphereEntertainmentMember sphr:MSGNetworksMember srt:ScenarioForecastMember 2025-01-01 2025-12-31 0001795250 sphr:MSGNetworksTermLoanFacilityMember 2025-03-31 0001795250 sphr:MSGNetworksCreditFacilitiesMember sphr:MeasurementInputLeverageRatioMember srt:MaximumMember 2025-03-31 0001795250 sphr:MSGNetworksCreditFacilitiesMembe