Compared to Estimates, Sphere Entertainment (SPHR) Q3 Earnings: A Look at Key Metrics

By Zacks Equity Research | November 04, 2025, 9:30 AM

Sphere Entertainment (SPHR) reported $262.51 million in revenue for the quarter ended September 2025, representing a year-over-year increase of 15.2%. EPS of -$1.37 for the same period compares to -$2.95 a year ago.

The reported revenue represents a surprise of +1.22% over the Zacks Consensus Estimate of $259.34 million. With the consensus EPS estimate being -$1.62, the EPS surprise was +15.43%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Sphere Entertainment performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Revenues- Sphere: $174.09 million versus $169.81 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +37% change.
  • Revenues- MSG Networks: $88.42 million compared to the $87.9 million average estimate based on three analysts. The reported number represents a change of -12.3% year over year.
  • Adjusted Operating Income (Loss)- MSG Networks: $19.3 million versus $13.94 million estimated by two analysts on average.
  • Adjusted Operating Income (Loss)- Sphere: $17.07 million compared to the $14.1 million average estimate based on two analysts.

View all Key Company Metrics for Sphere Entertainment here>>>

Shares of Sphere Entertainment have returned +4.6% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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