SPHR Sphere Entertainment Co. Class A Common Stock
SPHR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
SPHR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
SPHR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 5 27.8%
- Buy 11 61.1%
- Hold 2 11.1%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
12 analysts · 2026-08-18Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-1.07 | $-1.53 | 0.46% |
| March 31, 2026 | $-0.04 | $-0.56 | 0.52% |
| Dec. 31, 2025 | $1.23 | $-0.21 | 1.4% |
| Sept. 30, 2025 | $-0.99 | $-1.78 | 0.79% |
| June 30, 2025 | $3.38 | $-1.45 | 4.8% |
| March 31, 2025 | $-2.26 | $-2.35 | 0.09% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| SPHR | — | 128.5 | 79.0% | 2.7% | 1.5% | — |
| FWONA | — | 67.7 | 22.7% | 12.4% | 7.5% | — |
| ROKU | $16.04B | 183.9 | 15.2% | 1.9% | 3.4% | 43.8% |
| WMG | — | — | 4.4% | 5.4% | 62.7% | — |
| MSGS | — | 1255.8 | 11.0% | 0.67% | -2.9% | — |
| CNK | — | 22.3 | 2.1% | 4.4% | — | — |
| MSGE | — | 58.6 | 12.5% | 6.2% | 161.8% | — |
| BATRA | — | -114.8 | 10.5% | -3.2% | -4.5% | — |
| STUB | $4.68B | -2.2 | -1.4% | -109.2% | -192.2% | — |
| AMC | — | -1.2 | 4.6% | — | — | — |
| MCS | — | — | 3.1% | 1.7% | 2.8% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.22B | · | $574M | $610M | $648M | $1.44B | $1.05B | |
| SG&A Expense | · | · | · | $682M | $424M | $433M | $315M | |
| Operating Expenses | · | · | · | $1.83B | $1.00B | $823M | $1.09B | |
| Operating Income | $-230M | · | $-273M | $-103M | $-188M | $235M | $-46M | |
| Interest Expense | · | · | · | $27M | $20M | $37M | $6M | |
| Interest Income | · | · | · | $4M | $3M | $22M | $30M | |
| Other Non-op | $-2M | · | $537M | $-6M | $-4M | $35M | $-6M | |
| Pretax Income | $57M | · | $275M | $-216M | $-161M | $252M | $-20M | |
| Income Tax | $24M | · | $103M | $-30M | $39M | $102M | $443.0K | |
| Net Income | $33M | · | $503M | $-194M | $-148M | $182M | $-8M | |
| EPS (Basic) | $0.93 | · | $14.51 | $-5.77 | $-4.60 | $5.21 | $-0.35 | |
| EPS (Diluted) | $0.74 | · | $14.40 | $-5.77 | $-4.59 | $5.20 | $-0.35 | |
| Shares (Basic) | 36,069,000 | · | 34,651,000 | 34,255,000 | 34,077,000 | 34,864,000 | 23,992 | |
| Shares (Diluted) | 45,298,000 | · | 34,929,000 | 34,255,000 | 34,252,000 | 34,942,000 | 23,992 | |
| EBITDA | $107M | · | $103M | $22M | $-336M | $45M | · |
Balance Sheet 28
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $508M | $502M | $132M | $747M | $1.52B | $1.10B | $1.08B | |
| Short-term Investments | · | · | · | · | $0 | $337M | $108M | |
| Receivables | · | · | · | $188M | $185M | $57M | $81M | |
| Inventory | $14M | $13M | $0 | $14M | $10M | · | · | |
| Prepaid Expense | $93M | $65M | $56M | $27M | $116M | $62M | $24M | |
| Other Current Assets | $11M | $8M | $5M | $6M | $25M | $23M | $39M | |
| Current Assets | $810M | $761M | $624M | $1.22B | $1.87B | $1.43B | $1.35B | |
| PP&E (Net) | $2.71B | $3.04B | $3.31B | $2.16B | $2.16B | $1.66B | $1.35B | |
| PP&E (Gross) | $3.53B | $3.53B | $3.39B | $2.22B | $3.04B | $2.43B | $2.08B | |
| Accum. Depreciation | $821M | $493M | $88M | $63M | $885M | $770M | $732M | |
| Goodwill | $345M | $410M | $457M | $457M | $457M | $499M | $166M | |
| Intangibles | $22M | $28M | $18M | $21M | $198M | $150M | $214M | |
| Other Non-current Assets | $192M | $146M | $87M | $49M | $167M | $85M | $90M | |
| Total Assets | $4.21B | $4.52B | $4.97B | $5.52B | $5.29B | $3.73B | $3.32B | |
| Accounts Payable | $25M | $34M | $40M | $2M | $27M | $17M | $24M | |
| Accrued Liabilities | $431M | $388M | · | $63M | $87M | · | · | |
| Current Liabilities | $743M | $1.37B | $692M | $961M | $730M | $510M | $474M | |
| Capital Leases | $114M | $117M | $110M | $84M | $234M | $174M | $0 | |
| Deferred Tax | $172M | $149M | $380M | $144M | $200M | $12M | $23M | |
| Other Non-current Liabilities | $180M | $153M | $89M | $91M | $157M | $78M | $60M | |
| Total Liabilities | $1.98B | $2.31B | $2.39B | $3.36B | $2.97B | $845M | $662M | |
| Long-term Debt | $693M | $1.35B | $1.21B | $996M | $1.70B | $34M | $55M | |
| Total Debt | $830M | · | $1.20B | $1.74B | · | $34M | · | |
| Retained Earnings | $-186M | $-220M | $212M | $-291M | $-96M | $142M | $0 | |
| Treasury Stock | $50M | $0 | · | · | · | $0 | $0 | |
| AOCI | $-782.0K | $-8M | $-5M | $-48M | $-30M | $-50M | $-47M | |
| Stockholders' Equity | $2.23B | $2.20B | $2.58B | $1.96B | $2.17B | $2.86B | $2.57B | |
| Liabilities + Equity | $4.21B | $4.52B | $4.97B | $5.52B | $5.29B | $3.73B | $3.32B |
Cash Flow 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| D&A | $336M | · | $103M | $125M | $122M | $112M | $109M | |
| Stock-based Comp | $59M | · | $63M | $77M | $71M | $61M | $35M | |
| Deferred Tax | $21M | · | $123M | $-31M | $-71M | $9M | $-371.0K | |
| Amort. of Intangibles | $7M | · | $3M | $6M | $3M | $17M | $13M | |
| Restructuring | $12M | · | $28M | $13M | $21M | $0 | $0 | |
| Other Non-cash | $-206M | · | $-639M | $165M | $-44M | $-58M | · | |
| Operating Cash Flow | $243M | · | $154M | $141M | $-59M | $308M | $101M | |
| CapEx | · | · | · | $757M | $456M | $455M | $184M | |
| Investing Cash Flow | $-4M | · | $-654M | $-804M | $-123M | $-395M | $-238M | |
| Debt Issued | · | · | $303M | $725M | $630M | · | · | |
| Net Debt Issued | · | · | $303M | · | · | · | · | |
| Stock Repurchased | $50M | · | $0 | $0 | $0 | $294M | · | |
| Net Stock Activity | $-50M | · | · | $0 | · | · | · | |
| Financing Cash Flow | $-233M | · | $86M | $-30M | $593M | $-114M | $-9M | |
| Net Change in Cash | $6M | · | $-417M | $-694M | $419M | $-197M | $-140M | |
| Taxes Paid | $3M | · | $0 | $-1M | $102M | $75M | · | |
| Free Cash Flow | · | · | · | $-615M | $-707M | $-356M | · | |
| Levered FCF | · | · | · | $-639M | $-707M | $-360M | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -18.8% | · | · | -5.9% | -249.6% | -7.8% | · | |
| Net Margin | 2.7% | · | 87.6% | -11.3% | -209.1% | 2.3% | · | |
| Pretax Margin | 4.7% | · | · | -12.5% | -224.5% | -1.3% | · | |
| EBITDA Margin | 8.8% | · | 18.0% | 1.3% | -186.0% | 5.9% | · | |
| ROA | 0.77% | · | 9.6% | -3.6% | · | 0.49% | · | |
| ROE | 1.5% | · | 22.1% | -9.4% | · | 0.64% | · | |
| ROIC | -4.4% | · | · | -2.4% | · | -3.2% | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | · | 0.9 | 1.3 | · | 2.8 | · | |
| Quick Ratio | · | · | 0.2 | 1.1 | · | 2.6 | · | |
| Debt / Equity | 0.4 | · | 0.5 | 0.9 | · | 0.0 | · | |
| LT Debt / Equity | 0.3 | · | 0.4 | 0.9 | · | 0.0 | · | |
| Interest Coverage | · | · | · | -3.8 | -2164.4 | -26.0 | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | · | 0.1 | 0.3 | · | 0.2 | · | |
| Receivables Turnover | · | · | · | 8.6 | · | 11.0 | · |
Growth Rates 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue YoY | · | · | -5.9% | -5.8% | -54.9% | · | · | |
| Revenue CAGR 3Y | · | · | -26.3% | · | · | · | · | |
| EPS CAGR 3Y | · | · | 40.4% | · | · | · | · | |
| Net Income CAGR 3Y | · | · | 40.4% | · | · | · | · |
Valuation (TTM) 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.22B | · | $574M | $610M | $648M | $1.44B | · | |
| Net Income TTM | $33M | · | $503M | $-194M | $-148M | $182M | · | |
| P/E | 128.5 | · | 1.9 | -4.2 | -8.4 | 6.7 | · | |
| Earnings Yield | 0.78% | · | 52.6% | -23.7% | -11.8% | 15.0% | · |
Income Statement 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $314M | $386M | $394M | $263M | $283M | $281M | $204M | $321M | $314M | $118M | $129M | $162M | $160M | $123M | $-553M | |
| SG&A Expense | $139M | $122M | · | $100M | $113M | $114M | $107M | $123M | · | $87M | · | · | $182M | $164M | · | |
| Operating Expenses | · | · | · | · | · | · | $345M | $362M | $474M | $188M | $199M | $264M | $209M | $174M | $202M | |
| Operating Income | $-61M | $7M | $29M | $-130M | $-50M | $-79M | $-112M | $-40M | $-160M | $-70M | $-70M | $-102M | $-50M | $-51M | $-62M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | · | · | · | $894.0K | $2M | · | |
| Other Non-op | $-504.0K | $-1M | $-197.0K | $-328.0K | $-400.0K | $-1M | $42M | $-3M | $-1M | $42M | $543M | $-4M | $-1M | $-415.0K | $27M | |
| Pretax Income | $-65M | $-381.0K | $22M | $-137M | $274M | $-102M | $-66M | $-63M | · | $-23M | · | · | $73M | $-42M | · | |
| Income Tax | $-27M | $-5M | $-42M | $-36M | $122M | $-20M | $-65M | $-16M | · | $-90M | · | · | $2M | $3M | $-21M | |
| Net Income | $-38M | $4M | $65M | $-101M | $152M | $-82M | $-2M | $-47M | $-173M | $66M | $537M | $-57M | $68M | $-45M | $-100M | |
| EPS (Basic) | $-1.07 | $-0.04 | $1.82 | $-2.80 | $4.18 | $-2.27 | $-0.09 | $-1.33 | $-4.91 | $1.90 | $15.50 | $-1.64 | $1.95 | $-1.30 | $-3.01 | |
| EPS (Diluted) | $-1.07 | $-0.04 | $2.42 | $-2.80 | $3.39 | $-2.27 | $-0.09 | $-1.33 | $-4.91 | $1.89 | $15.39 | $-1.64 | $1.95 | $-1.30 | $-3.01 | |
| Shares (Basic) | 36,150,000 | 35,878,000 | -72,524,000 | 36,200,000 | 36,283,000 | 36,110,000 | -71,350,000 | 35,418,000 | 35,309,000 | 34,911,000 | -69,163,000 | 34,727,000 | 34,684,000 | 34,403,000 | -68,438,000 | |
| Shares (Diluted) | 36,150,000 | 35,878,000 | -71,860,000 | 36,200,000 | 44,848,000 | 36,110,000 | -71,350,000 | 35,418,000 | 35,309,000 | 35,226,000 | -68,911,000 | 34,727,000 | 34,710,000 | 34,403,000 | -68,596,000 | |
| EBITDA | $23M | $92M | · | $-46M | $34M | $6M | · | · | · | $14M | · | · | $103M | $-15M | · |
Balance Sheet 27
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $551M | $629M | · | $385M | $356M | $465M | · | · | $615M | $434M | · | · | $432M | $441M | · | |
| Receivables | · | · | · | · | · | · | · | · | · | · | · | $214M | $208M | $202M | · | |
| Inventory | $18M | $18M | $14M | $13M | $13M | $13M | · | $2M | $894.0K | · | · | · | · | · | · | |
| Prepaid Expense | $67M | $72M | $93M | $87M | $64M | $65M | · | $30M | $47M | $66M | · | $146M | $154M | $180M | · | |
| Other Current Assets | $8M | $10M | $11M | $14M | $19M | $22M | · | $5M | $4M | $5M | · | $11M | $23M | $23M | · | |
| Current Assets | $784M | $904M | $810M | $666M | $595M | $735M | · | $916M | $879M | $674M | · | $1.19B | $916M | $841M | · | |
| PP&E (Net) | $2.55B | $2.63B | $2.71B | $2.78B | $2.85B | $2.97B | · | $3.22B | $3.29B | $3.47B | · | $3.69B | $3.51B | $3.23B | · | |
| PP&E (Gross) | $3.54B | $3.53B | $3.53B | $3.52B | $3.51B | $3.54B | · | $3.48B | $3.47B | $3.57B | · | $4.67B | $4.52B | $4.22B | · | |
| Accum. Depreciation | $986M | $904M | $821M | $739M | $657M | $574M | · | $259M | $180M | $101M | · | $977M | $1.01B | $996M | · | |
| Goodwill | $345M | $345M | $345M | $345M | $410M | $410M | $470M | $457M | $457M | $457M | · | $499M | $500M | $500M | $457M | |
| Intangibles | $19M | $20M | $22M | $23M | $25M | $27M | · | $16M | $16M | $17M | · | $82M | $217M | $222M | · | |
| Other Non-current Assets | $205M | $198M | $192M | $200M | $186M | $175M | · | $99M | $106M | $105M | · | $248M | $207M | $178M | · | |
| Total Assets | $4.04B | $4.22B | $4.21B | $4.14B | $4.20B | $4.45B | · | $4.87B | $4.88B | $4.86B | · | $6.05B | $5.85B | $5.43B | · | |
| Accounts Payable | $14M | $36M | $25M | $31M | $15M | $34M | · | $74M | $28M | $19M | · | $33M | $46M | $42M | · | |
| Accrued Liabilities | $392M | $427M | $431M | $386M | $347M | $413M | · | · | · | · | · | $138M | $109M | $92M | · | |
| Current Liabilities | $640M | $743M | $743M | $697M | $527M | $1.38B | · | $1.40B | $1.40B | $643M | · | $1.40B | $964M | $920M | · | |
| Capital Leases | $119M | $111M | $114M | $110M | $112M | $114M | · | $130M | $109M | $112M | · | $343M | $480M | $442M | · | |
| Deferred Tax | $135M | $167M | $172M | $215M | $251M | $128M | · | $255M | $272M | $286M | · | $210M | $165M | $162M | · | |
| Other Non-current Liabilities | $192M | $201M | $180M | $175M | $165M | $157M | · | $119M | $116M | $90M | · | $143M | $145M | $146M | · | |
| Total Liabilities | $1.81B | $1.97B | $1.98B | $1.98B | $1.89B | $2.31B | · | $2.43B | $2.42B | $2.23B | · | $3.88B | $3.64B | $3.32B | · | |
| Long-term Debt | $649M | $677M | $693M | $734M | $744M | $1.34B | · | $1.40B | $1.42B | $1.21B | · | $1.88B | $1.99B | $1.74B | · | |
| Total Debt | $780M | $810M | · | $875M | $889M | $1.33B | · | $1.39B | $1.41B | $1.20B | · | $1.88B | $1.99B | $1.74B | · | |
| Retained Earnings | $-220M | $-182M | $-186M | $-251M | $-150M | $-302M | · | $58M | $105M | $278M | · | $-325M | $-268M | $-335M | · | |
| Treasury Stock | $50M | $50M | $50M | $50M | · | · | · | · | · | · | · | · | · | · | · | |
| AOCI | $-1M | $-1M | $-782.0K | $-280.0K | $-34.0K | $-6M | · | $-7M | $-6M | $-11M | · | $-46M | $-49M | $-61M | · | |
| Stockholders' Equity | $2.23B | $2.25B | $2.23B | $2.16B | $2.31B | $2.14B | $2.42B | $2.44B | $2.47B | $2.64B | $2.58B | $2.02B | $2.01B | $1.91B | · | |
| Liabilities + Equity | $4.04B | $4.22B | $4.21B | $4.14B | $4.20B | $4.45B | · | $4.87B | $4.88B | $4.86B | · | $6.05B | $5.85B | $5.43B | · |
Cash Flow 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $84M | $84M | $84M | $84M | $84M | $84M | $12M | $80M | · | $14M | $14M | $30M | $29M | $30M | $36M | |
| Stock-based Comp | $18M | $14M | $10M | $9M | $25M | $22M | $1M | $18M | $12M | $5M | $7M | $20M | $20M | $15M | $15M | |
| Deferred Tax | $-31M | $-5M | $-43M | $-35M | $132M | $-21M | $-73M | $-17M | $-15M | $-92M | $128M | $-7M | $1M | $1M | $-19M | |
| Amort. of Intangibles | $2M | $2M | $2M | $2M | $2M | $2M | $-241.0K | $779.0K | $778.0K | $779.0K | $778.0K | $779.0K | $779.0K | $779.0K | $-4M | |
| Restructuring | $323.0K | $3M | $3M | $6M | $947.0K | $2M | $4M | $5M | $1M | $3M | · | $19M | $8M | $0 | $-1M | |
| Other Non-cash | · | $39M | · | · | · | $3M | · | · | · | $-89M | · | · | · | $-82M | · | |
| Operating Cash Flow | $-34M | $136M | $180M | $116M | $-87M | $6M | $-82M | $101M | $46M | $-95M | $16M | $83M | $136M | $-81M | $35M | |
| CapEx | · | · | · | · | · | · | · | · | · | · | · | · | $290M | $272M | · | |
| Investing Cash Flow | $-15M | $-5M | $-15M | $-5M | $36M | $-18M | $21M | $-21M | $-66M | $66M | $172M | $-250M | $-291M | $-285M | $-256M | |
| Debt Issued | · | · | · | · | · | · | · | · | · | · | · | $168.0K | · | · | · | |
| Stock Repurchased | · | · | $-16.0K | · | · | · | $0 | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-30M | $-22M | $-41M | $-81M | $-75M | $-26M | $282M | $-13M | $195M | $51M | $-115M | $-29M | $249M | $-20M | $47M | |
| Net Change in Cash | $-78M | $109M | $123M | $29M | $-127M | $-37M | $219M | $66M | $176M | $23M | $71M | $-196M | $95M | $-387M | $-175M | |
| Taxes Paid | $15M | $882.0K | $270.0K | $340.0K | $18M | $627.0K | $-16M | $70.0K | $921.0K | $18M | $-5M | $3M | $3M | $974.0K | $-5M | |
| Free Cash Flow | · | · | · | · | · | · | · | · | · | · | · | · | · | $-353M | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | · | · | · | · | $-356M | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -19.5% | 1.9% | · | -49.4% | -17.7% | -28.0% | · | · | · | · | · | · | 11.5% | -11.2% | · | |
| Net Margin | -12.2% | 1.1% | · | -38.6% | 53.7% | -29.2% | · | -14.7% | -55.1% | 56.3% | · | -15.7% | 10.5% | -11.2% | · | |
| Pretax Margin | -20.8% | -0.10% | · | -52.1% | 96.8% | -36.4% | · | · | · | · | · | · | 11.3% | -10.3% | · | |
| EBITDA Margin | 7.3% | 23.7% | · | -17.4% | 11.9% | 2.0% | · | · | · | 12.1% | · | · | 16.0% | -3.8% | · | |
| ROA | -0.93% | 0.10% | · | -2.2% | 3.3% | -1.8% | · | -0.87% | -3.2% | 1.3% | · | -0.98% | 1.2% | -0.83% | · | |
| ROE | -1.7% | 0.20% | · | -4.4% | 6.3% | -3.7% | · | -2.1% | -7.8% | 2.9% | · | -2.8% | 3.3% | -2.2% | · | |
| ROIC | -1.2% | -2.8% | · | -3.2% | -0.87% | -1.8% | · | · | · | · | · | · | 1.8% | -1.3% | · |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.2 | 1.2 | · | 1.0 | 1.1 | 0.5 | · | 0.7 | 0.6 | 1.0 | · | 0.8 | 0.9 | 0.9 | · | |
| Quick Ratio | 0.9 | 0.8 | · | 0.6 | 0.7 | 0.3 | · | · | 0.4 | 0.7 | · | 0.2 | 0.7 | 0.7 | · | |
| Debt / Equity | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.6 | · | 0.6 | 0.6 | 0.5 | · | 0.9 | 1.0 | 0.9 | · | |
| LT Debt / Equity | 0.3 | 0.3 | · | 0.4 | 0.4 | 0.2 | · | 0.2 | 0.2 | 0.4 | · | 0.9 | 0.9 | 0.9 | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | · | · | · | 82.7 | -20.7 | · |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.0 | · | 0.1 | 0.1 | 0.1 | · | |
| Receivables Turnover | · | · | · | · | · | · | · | · | · | · | · | 1.6 | 3.2 | 2.1 | · |
Valuation (TTM) 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.25B | $1.21B | · | $1.05B | $1.02B | $1.01B | · | · | $723M | $569M | · | $584M | $590M | $592M | · | |
| Net Income TTM | $17M | $-27M | · | $-137M | $-141M | $-339M | · | · | $373M | $614M | · | $-134M | $-95M | $-160M | · | |
| P/E | -332.8 | -68.3 | · | -13.4 | -8.7 | -3.5 | · | · | -12.5 | 41.3 | · | -6.8 | -7.3 | -4.3 | · | |
| Earnings Yield | -0.30% | -1.5% | · | -7.4% | -11.4% | -29.0% | · | · | -8.0% | 2.4% | · | -14.6% | -13.8% | -23.3% | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2024-06-30 | 2023-06-30 | 2022-06-30 | |
|---|---|---|---|---|---|
| Revenue | $1.22B | — | $1.03B | $574M | $610M |
| Operating Margin % | -18.8% | — | — | — | -5.9% |
| Net Income | $33M | — | $-201M | $503M | $-194M |
| Diluted EPS | $0.74 | — | $-5.68 | $14.40 | $-5.77 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2024-06-30 | 2023-06-30 | 2022-06-30 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.4 | — | 0.6 | 0.5 | 0.9 |
| Current Ratio | 1.1 | — | 0.6 | 0.9 | 1.3 |
| Quick Ratio | — | — | — | 0.2 | 1.1 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2024-06-30 | 2023-06-30 | 2022-06-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | — | — | — | — | $-615M |
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Institutional owners (13F) 453 filers · $4.4B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 104 (+4 vs prior Q) | 47 (+15 vs prior Q) | 128 (+23 vs prior Q) | 135 (+12 vs prior Q) | +4.8M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Jericho Capital Asset Management L.P. | $450,849,563 | 2,605,615 | 10.30% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $262,167,789 | 1,515,158 | 5.99% | Shares |
| SANDS CAPITAL MANAGEMENT, LLC | $235,030,283 | 1,358,321 | 5.37% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $204,979,643 | 1,184,648 | 4.68% | Shares |
| STATE STREET CORP | $187,213,096 | 1,081,969 | 4.28% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $146,779,619 | 848,290 | 3.35% | Shares |
| AMERIPRISE FINANCIAL INC | $142,960,981 | 826,218 | 3.27% | Shares |
| GAMCO INVESTORS, INC. ET AL | $132,525,926 | 765,913 | 3.03% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $118,222,614 | 683,113 | 2.70% | Shares |
| GILDER GAGNON HOWE & CO LLC | $96,506,098 | 557,742 | 2.21% | Shares |
| STEADFAST CAPITAL MANAGEMENT LP | $95,280,873 | 550,661 | 2.18% | Shares |
| FMR LLC | $94,921,143 | 548,582 | 2.17% | Shares |
| Castle Hook Partners LP | $90,328,408 | 522,039 | 2.06% | Shares |
| GABELLI FUNDS LLC | $87,731,401 | 507,030 | 2.01% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $82,909,747 | 479,164 | 1.89% | Shares |
| DEUTSCHE BANK AG\ | $73,602,809 | 425,376 | 1.68% | Shares |
| Assenagon Asset Management S.A. | $70,401,581 | 406,875 | 1.61% | Shares |
| CITADEL ADVISORS LLC | $58,830,200 | 340,000 | 1.34% | Call option |
| BANK OF AMERICA CORP /DE/ | $52,429,647 | 303,009 | 1.20% | Shares |
| SYSTEMATIC FINANCIAL MANAGEMENT LP | $49,273,061 | 284,766 | 1.13% | Shares |
| NEUBERGER BERMAN GROUP LLC | $45,782,873 | 264,595 | 1.05% | Shares |
| JENNISON ASSOCIATES LLC | $45,425,910 | 262,532 | 1.04% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $44,284,433 | 255,935 | 1.01% | Shares |
| NORGES BANK | $43,147,626 | 249,365 | 0.99% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $42,652,933 | 246,506 | 0.97% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $42,206,516 | 243,926 | 0.96% | Shares |
| JANE STREET GROUP, LLC | $40,489,020 | 234,000 | 0.93% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $39,952,627 | 230,900 | 0.91% | Put option |
| Nearwater Capital Markets, Ltd | $39,658,476 | 229,200 | 0.91% | Shares |
| Islander Capital Partners, L.P. | $38,071,445 | 220,028 | 0.87% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $36,983,259 | 213,739 | 0.85% | Shares |
| Artemis Investment Management LLP | $35,402,976 | 204,606 | 0.81% | Shares |
| MILLENNIUM MANAGEMENT LLC | $32,917,054 | 190,239 | 0.75% | Shares |
| GOLDMAN SACHS GROUP INC | $32,788,803 | 189,498 | 0.75% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $32,306,950 | 186,713 | 0.74% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $30,797,091 | 177,987 | 0.70% | Shares |
| O'Keefe Stevens Advisory, Inc. | $29,247,780 | 169,033 | 0.67% | Shares |
| FIRST TRUST ADVISORS LP | $27,962,513 | 161,605 | 0.64% | Shares |
| CARRONADE CAPITAL MANAGEMENT, LP | $27,222,000 | 157,326 | 0.62% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $26,906,165 | 155,500 | 0.61% | Call option |
| CANADA PENSION PLAN INVESTMENT BOARD | $26,250,035 | 151,708 | 0.60% | Shares |
| TWO SIGMA ADVISERS, LP | $25,609,418 | 269,346 | 0.59% | Shares |
| CITADEL ADVISORS LLC | $21,801,780 | 126,000 | 0.50% | Put option |
| UBS Group AG | $20,828,659 | 120,376 | 0.48% | Shares |
| HSBC HOLDINGS PLC | $20,285,233 | 117,100 | 0.46% | Shares |
| Public Sector Pension Investment Board | $19,858,653 | 114,770 | 0.45% | Shares |
| Nicholas Investment Partners, LP | $19,793,940 | 114,396 | 0.45% | Shares |
| PINNACLE ASSOCIATES LTD | $19,733,206 | 114,045 | 0.45% | Shares |
| MANE GLOBAL CAPITAL MANAGEMENT LP | $19,459,473 | 112,463 | 0.44% | Shares |
| MORGAN STANLEY | $18,655,749 | 107,818 | 0.43% | Shares |
| TWO SIGMA INVESTMENTS, LP | $17,900,992 | 103,456 | 0.41% | Shares |
| CITIGROUP INC | $17,347,642 | 100,258 | 0.40% | Shares |
| CAPITOLIS LIQUID GLOBAL MARKETS LLC | $17,181,879 | 99,300 | 0.39% | Shares |
| Balyasny Asset Management L.P. | $16,871,117 | 97,504 | 0.39% | Shares |
| ALGERT GLOBAL LLC | $15,274,915 | 88,279 | 0.35% | Shares |
| AMERICAN CENTURY COMPANIES INC | $14,814,829 | 85,620 | 0.34% | Shares |
| Washington Trust Advisors, Inc. | $13,454,467 | 77,758 | 0.31% | Shares |
| FRED ALGER MANAGEMENT, LLC | $12,899,560 | 74,551 | 0.29% | Shares |
| AXIOM INVESTORS LLC /DE | $12,814,083 | 74,057 | 0.29% | Shares |
| Shannon River Fund Management LLC | $12,783,110 | 73,878 | 0.29% | Shares |
| North Star Investment Management Corp. | $12,636,727 | 73,032 | 0.29% | Shares |
| RHUMBLINE ADVISERS | $12,072,970 | 69,774 | 0.28% | Shares |
| Longaeva Partners L.P. | $11,610,140 | 67,099 | 0.27% | Shares |
| Holocene Advisors, LP | $11,116,831 | 64,248 | 0.25% | Shares |
| Informed Momentum Co LLC | $10,388,202 | 60,037 | 0.24% | Shares |
| OMERS ADMINISTRATION Corp | $10,035,740 | 58,000 | 0.23% | Shares |
| Metavasi Capital LP | $9,167,475 | 52,982 | 0.21% | Shares |
| Swiss National Bank | $8,955,860 | 51,759 | 0.20% | Shares |
| PINNBROOK CAPITAL MANAGEMENT LP | $8,860,520 | 51,208 | 0.20% | Shares |
| BANK OF MONTREAL /CAN/ | $8,592,670 | 49,660 | 0.20% | Shares |
| BARCLAYS PLC | $8,446,805 | 48,817 | 0.19% | Shares |
| PDT Partners, LLC | $8,223,597 | 47,527 | 0.19% | Shares |
| 1832 Asset Management L.P. | $8,136,390 | 47,023 | 0.19% | Shares |
| Convergence Investment Partners, LLC | $7,975,299 | 46,092 | 0.18% | Shares |
| MORGENS WATERFALL VINTIADIS & CO INC | $7,959,380 | 46,000 | 0.18% | Shares |
| Robeco Institutional Asset Management B.V. | $7,837,740 | 45,297 | 0.18% | Shares |
| HORIZON KINETICS ASSET MANAGEMENT LLC | $7,727,001 | 44,657 | 0.18% | Shares |
| Legal & General Group Plc | $7,142,506 | 41,279 | 0.16% | Shares |
| D. E. Shaw & Co., Inc. | $6,951,999 | 40,178 | 0.16% | Shares |
| WOLVERINE TRADING, LLC | $6,870,472 | 110,600 | 0.16% | Call option |
| Squarepoint Ops LLC | $6,831,224 | 39,480 | 0.16% | Shares |
| PEAK6 LLC | $6,787,275 | 39,226 | 0.16% | Shares |
| POLEN CAPITAL MANAGEMENT LLC | $6,666,673 | 38,529 | 0.15% | Shares |
| Quantinno Capital Management LP | $6,590,540 | 38,089 | 0.15% | Shares |
| Shellback Capital, LP | $6,056,050 | 35,000 | 0.14% | Shares |
| LPL Financial LLC | $5,905,514 | 34,130 | 0.13% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $5,867,966 | 33,913 | 0.13% | Shares |
| D. E. Shaw & Co., Inc. | $5,692,687 | 32,900 | 0.13% | Call option |
| Engineers Gate Manager LP | $5,415,147 | 31,296 | 0.12% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $5,296,621 | 30,611 | 0.12% | Shares |
| PEREGRINE INVESTMENT MANAGEMENT INC | $5,190,900 | 30,000 | 0.12% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $5,086,390 | 29,396 | 0.12% | Shares |
| BOYAR ASSET MANAGEMENT INC. | $4,982,053 | 28,793 | 0.11% | Shares |
| Man Group plc | $4,925,818 | 28,468 | 0.11% | Shares |
| PRUDENTIAL FINANCIAL INC | $4,846,051 | 28,007 | 0.11% | Shares |
| Tabor Asset Management, LP | $4,504,317 | 26,032 | 0.10% | Shares |
| COOKSON PEIRCE & CO INC | $4,478,709 | 25,884 | 0.10% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $4,335,786 | 25,058 | 0.10% | Shares |
| MYDA Advisors LLC | $4,325,750 | 25,000 | 0.10% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $4,312,946 | 24,926 | 0.10% | Shares |
Company insiders 38 insiders · 16 officers · 17 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Andrea Greenberg | President/CEO-MSG Networks | March 12, 2025 M | 97,558 | 0 | 0 | $0 |
| Robert H. Langer | EVP, CFO & Treasurer | March 13, 2026 M | 5,232 | 0 | 0 | $0 |
| David F. Byrnes | EVP, CFO & Treasurer | Sept. 13, 2024 M | 7,308 | 0 | 0 | $0 |
| Gautam Ranji | EVP, CFO & Treasurer | Nov. 3, 2023 M | 867 | 0 | 0 | $0 |
| Mark H Fitzpatrick | EVP & Chief Financial Officer | Sept. 15, 2021 M | 1,581 | 0 | 0 | $0 |
| Jennifer Koester | President & COO, Sphere | March 13, 2026 M | 30,918 | 0 | 0 | $0 |
| Andrew Lustgarten | President | Sept. 15, 2021 M | 10,977 | 0 | 0 | $0 |
| David Granville-Smith | Executive Vice President | March 13, 2026 M | 56,464 | 0 | 0 | $0 |
| Christopher J. Winters | SVP, Controller & PAO | March 11, 2026 A | — | 0 | 0 | $0 |
| Gregory Brunner | SVP, Controller & PAO | Sept. 15, 2025 M | 2,292 | 0 | 0 | $0 |
| Laura Franco | EVP & General Counsel | Sept. 15, 2025 M | 11,017 | 0 | 0 | $0 |
| Philip Gerard D'Ambrosio | SVP and Treasurer | Sept. 22, 2022 P | 10,126 | 0 | 0 | $0 |
| Jamal H Haughton | EVP & General Counsel | Sept. 15, 2022 M | 1,311 | 0 | 0 | $0 |
| Courtney M Zeppetella | SVP, Controller & CAO | Aug. 31, 2022 A | — | 0 | 0 | $0 |
| Joseph F Yospe | SVP, Controller & PAO | Sept. 24, 2021 S | 3,909 | 0 | 0 | $0 |
| Scott S Packman | EVP & General Counsel | Sept. 15, 2021 M | 1,607 | 0 | 0 | $0 |
| Isiah Thomas III | Director | June 10, 2026 A | 0 | 0 | 0 | $0 |
| Joel M. Litvin | Director | June 10, 2026 A | — | 0 | 0 | $0 |
| John L Sykes | Director | June 10, 2026 A | — | 0 | 0 | $0 |
| Debra Golding Perelman | Director | June 10, 2026 A | — | 0 | 0 | $0 |
| Charles P Dolan | Director | June 10, 2026 A | 11,830 | 0 | 0 | $0 |
| Joseph Lhota | Director | June 10, 2026 A | — | 0 | 0 | $0 |
| WEBER MARIANNE DOLAN | Director | June 10, 2026 A | 316 | 0 | 0 | $0 |
| Vincent Tese | Director | June 10, 2026 A | — | 0 | 0 | $0 |
| Paul J. Dolan, as a Trustee of certain trusts described herein | Director | June 10, 2026 A | 398 | 0 | 0 | $0 |
| Thomas C. Dolan | Director | June 10, 2026 A | 29,355 | 0 | 0 | $0 |
| Ryan Thomas Dolan | Director | March 13, 2026 M | 4,059 | 0 | 0 | $0 |
| Quentin F Dolan | Director | June 4, 2025 A | 5,405 | 0 | 0 | $0 |
| Carl E Vogel | Director | Dec. 9, 2024 A | — | 0 | 0 | $0 |
| Charles F. Dolan | Director | Dec. 9, 2024 A | 5,079 | 0 | 0 | $0 |
| Martin Bandier | Director | Feb. 15, 2023 A | — | 0 | 0 | $0 |
| Frederic V Salerno | Director | Feb. 15, 2023 A | 398 | 0 | 0 | $0 |
| Matthew Blank | Director | Dec. 10, 2020 A | — | 0 | 0 | $0 |
| Madison Square Garden Entertainment Corp. | 10% owner | April 20, 2023 J | 0 | 0 | 0 | $0 |
| Dolan Leinauer Corby | 10% owner | Aug. 2, 2022 S | 192 | 0 | 0 | $0 |
| Mary S. Dolan, as a Trustee of the Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney and each of the 2009 Family Trusts | 10% owner | July 9, 2021 J | 3,453 | 0 | 0 | $0 |
| Kathleen M. Dolan, individually and as Trustee of certain trusts described herein | — | July 9, 2021 J | 137,059 | 0 | 0 | $0 |
| Matthew J. Dolan, as a Trustee of certain trusts described herein | — | July 9, 2021 J | 587 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 10 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| GAMCO INVESTORS, INC. ET AL, GABELLI FUNDS LLC, GAMCO Asset Management Inc., GABELLI & Co INVESTMENT ADVISERS, INC., GABELLI FOUNDATION, INC., MJG ASSOCIATES, INC., GGCP, INC., Associated Capital Group, Inc., GABELLI MARIO J | Aug. 14, 2026 | 1.90% | Amendment | — | SEC |
| James L. Dolan, Thomas C. Dolan, Kathleen M. Dolan, individually and as Trustee of certain trusts described herein, Marianne Dolan Weber, Deborah A. Dolan-Sweeney, Patrick F. Dolan, Corby Dolan Leinauer, as Trustee of certain trusts described herein, Mary S. Dolan, as Trustee of certain trusts described herein, Paul J. Dolan, as a Trustee of certain trusts described herein, Charles F. Dolan Children Trust FBO Kathleen M. Dolan, Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney, Charles F. Dolan Children Trust FBO Marianne Dolan Weber, Charles F. Dolan Children Trust FBO Thomas C. Dolan, Charles F. Dolan Children Trust FBO James L. Dolan, Charles F. Dolan 2009 Family Trust FBO James L. Dolan, Charles F. Dolan 2009 Family Trust FBO Thomas C. Dolan, Charles F. Dolan 2009 Family Trust FBO Kathleen M. Dolan, Charles F. Dolan 2009 Family Trust FBO Marianne E. Dolan Weber, Charles F. Dolan 2009 Family Trust FBO Deborah A. Dolan-Sweeney, Charles F. Dolan 2009 Family Trust FBO Patrick F. Dolan, Ryan Dolan 1989 Trust, Tara Dolan 1989 Trust, Marianne E. Dolan Weber 2012 Descendants Trust, Kathleen M. Dolan 2012 Descendants Trust ×4 filings | March 9, 2026 | 0.00% | Amendment | — | SEC |
| Charles F. Dolan, James L. Dolan, Thomas C. Dolan, Kathleen M. Dolan, individually and as Trustee of certain trusts described herein, Marianne Dolan Weber, Deborah A. Dolan-Sweeney, Corby Dolan Leinauer, as a Trustee of each of the 2009 Family Trusts, Mary S. Dolan, as a Trustee of the Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney and each of the 2009 Family Trusts, Paul J. Dolan, as a Trustee of the Charles F. Dolan Children Trusts FBO Kathleen M. Dolan and James L. Dolan, Charles F. Dolan Children Trust FBO Kathleen M. Dolan, Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney, Charles F. Dolan Children Trust FBO Marianne Dolan Weber, Charles F. Dolan Children Trust FBO Thomas C. Dolan, Charles F. Dolan Children Trust FBO James L. Dolan, Charles F. Dolan 2009 Family Trust FBO James L. Dolan, Charles F. Dolan 2009 Family Trust FBO Thomas C. Dolan, Charles F. Dolan 2009 Family Trust FBO Kathleen M. Dolan, Charles F. Dolan 2009 Family Trust FBO Marianne E. Dolan Weber, Charles F. Dolan 2009 Family Trust FBO Deborah A. Dolan-Sweeney, Ryan Dolan 1989 Trust, Tara Dolan 1989 Trust, Charles F. Dolan 2009 Revocable Trust | Dec. 31, 2024 | 0.00% | Amendment | Passive investment | SEC |
| Charles F. Dolan, individually, and as a Trustee of the Charles F. Dolan 2009 Revocable Trust, James L. Dolan, Thomas C. Dolan, Kathleen M. Dolan, individually and as Trustee of the Ryan Dolan 1989 Trust and the Tara Dolan 1989 Trust and as a Trustee of each of the Charles F. Dolan Children Trusts, Marianne Dolan Weber, Deborah A. Dolan-Sweeney, Corby Dolan Leinauer, as a Trustee of each of the 2009 Family Trusts, Mary S. Dolan, as a Trustee of the Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney and each of the 2009 Family Trusts, Paul J. Dolan, as a Trustee of the Charles F. Dolan Children Trusts FBO Kathleen M. Dolan and James L. Dolan, Charles F. Dolan Children Trust FBO Kathleen M. Dolan, Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney, Charles F. Dolan Children Trust FBO Marianne Dolan Weber, Charles F. Dolan Children Trust FBO Thomas C. Dolan, Charles F. Dolan Children Trust FBO James L. Dolan, Charles F. Dolan 2009 Family Trust FBO James L. Dolan, Charles F. Dolan 2009 Family Trust FBO Thomas C. Dolan, Charles F. Dolan 2009 Family Trust FBO Kathleen M. Dolan, Charles F. Dolan 2009 Family Trust FBO Marianne E. Dolan Weber, Charles F. Dolan 2009 Family Trust FBO Deborah A. Dolan-Sweeney, Ryan Dolan 1989 Trust, Tara Dolan 1989 Trust, Charles F. Dolan 2009 Revocable Trust | March 1, 2024 | — | Initial filing | M&A / sale | SEC |
| Sphere Entertainment Co., Sphere Entertainment Group, LLC | April 24, 2023 | — | Initial filing | — | SEC |
| Charles F. Dolan, individually, and as Trustee of the Charles F. Dolan 2019 Grantor Retained Annuity Trust #1M and the Charles F. Dolan 2009 Revocable Trust, Helen A. Dolan, individually and as Trustee of the Helen A. Dolan 2019 Grantor Retained Annuity Trust #1M and the Helen A. Dolan 2009 Revocable Trust, James L. Dolan, Thomas C. Dolan, Kathleen M. Dolan, individually and as Trustee of the Ryan Dolan 1989 Trust and the Tara Dolan 1989 Trust and as a Trustee of each of the Charles F. Dolan Children Trusts, Marianne Dolan Weber, Deborah A. Dolan-Sweeney, Corby Dolan Leinauer, as a Trustee of each of the 2009 Family Trusts, Mary S. Dolan, as a Trustee of the Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney and each of the 2009 Family Trusts, Charles F. Dolan Children Trust FBO Kathleen M. Dolan, Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney, Charles F. Dolan Children Trust FBO Marianne Dolan Weber, Charles F. Dolan Children Trust FBO Thomas C. Dolan, Charles F. Dolan Children Trust FBO James L. Dolan, Charles F. Dolan 2009 Family Trust FBO James L. Dolan, Charles F. Dolan 2009 Family Trust FBO Thomas C. Dolan, Charles F. Dolan 2009 Family Trust FBO Kathleen M. Dolan, Charles F. Dolan 2009 Family Trust FBO Marianne E. Dolan Weber, Charles F. Dolan 2009 Family Trust FBO Deborah A. Dolan-Sweeney, Ryan Dolan 1989 Trust, Tara Dolan 1989 Trust, Charles F. Dolan 2019 Grantor Retained Annuity Trust #1M, Helen A. Dolan 2019 Grantor Retained Annuity Trust #1M, Charles F. Dolan 2009 Revocable Trust, Helen A. Dolan 2009 Revocable Trust | July 14, 2021 | — | Initial filing | — | SEC |
| Madison Square Garden Entertainment Corp., MSG Entertainment Group, LLC, MSG National Properties, LLC ×2 filings | May 13, 2021 | — | Initial filing | — | SEC |
| Charles F. Dolan, individually, and as Trustee of the Charles F. Dolan 2018 Grantor Retained Annuity Trust #1M, the Charles F. Dolan 2019 Grantor Retained Annuity Trust #1M and the Charles F. Dolan 2009 Revocable Trust, Helen A. Dolan, individually and as Trustee of the Helen A. Dolan 2018 Grantor Retained Annuity Trust #1M, the Helen A. Dolan 2019 Grantor Retained Annuity Trust #1M and the Helen A. Dolan 2009 Revocable Trust, James L. Dolan, Thomas C. Dolan, Kathleen M. Dolan, individually and as Trustee of the Ryan Dolan 1989 Trust and the Tara Dolan 1989 Trust and as a Trustee of each of the Charles F. Dolan Children Trusts, Marianne Dolan Weber, Deborah A. Dolan-Sweeney, Corby Dolan Leinauer, as a Trustee of each of the 2009 Family Trusts, Mary S. Dolan, as a Trustee of the Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney and each of the 2009 Family Trusts, Charles F. Dolan Children Trust FBO Kathleen M. Dolan, Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney, Charles F. Dolan Children Trust FBO Marianne Dolan Weber, Charles F. Dolan Children Trust FBO Thomas C. Dolan, Charles F. Dolan Children Trust FBO James L. Dolan, Charles F. Dolan 2009 Family Trust FBO James L. Dolan, Charles F. Dolan 2009 Family Trust FBO Thomas C. Dolan, Charles F. Dolan 2009 Family Trust FBO Kathleen M. Dolan, Charles F. Dolan 2009 Family Trust FBO Marianne Dolan Weber, Charles F. Dolan 2009 Family Trust FBO Deborah A. Dolan-Sweeney, Ryan Dolan 1989 Trust, Tara Dolan 1989 Trust, Charles F. Dolan 2018 Grantor Retained Annuity Trust #1M, Helen A. Dolan 2018 Grantor Retained Annuity Trust #1M, Charles F. Dolan 2019 Grantor Retained Annuity Trust #1M, Helen A. Dolan 2019 Grantor Retained Annuity Trust #1M, Charles F. Dolan 2009 Revocable Trust, Helen A. Dolan 2009 Revocable Trust | March 30, 2021 | — | Initial filing | — | SEC |
| Gabelli Funds, LLC I.D. No., GAMCO Asset Management Inc. I.D. No., Gabelli & Company Investment Advisers, Inc. I.D. No., Gabelli Foundation, Inc. I.D. No., MJG Associates, Inc. I.D. No., GGCP, Inc. I.D. No., GAMCO Investors, Inc. I.D. No., Associated Capital Group, Inc. I.D. No., Mario J. Gabelli | April 27, 2020 | — | Initial filing | Passive investment | SEC |
| Charles F. Dolan, individually, and as Trustee of the Charles F. Dolan 2018 Grantor Retained Annuity Trust #1M and the Charles F. Dolan 2019 Grantor Retained Annuity Trust #1M, Helen A. Dolan, individually and as Trustee of the Helen A. Dolan 2018 Grantor Retained Annuity Trust #1M and the Helen A. Dolan 2019 Grantor Retained Annuity Trust #1M, James L. Dolan, Thomas C. Dolan, Kathleen M. Dolan, individually and as Trustee of the Ryan Dolan 1989 Trust and the Tara Dolan 1989 Trust and as a Trustee of each of the Charles F. Dolan Children Trusts, Marianne Dolan Weber, Deborah A. Dolan-Sweeney, Corby Dolan Leinauer, as a Trustee of each of the 2009 Family Trusts, Mary S. Dolan, as a Trustee of the Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney and each of the 2009 Family Trusts, Charles F. Dolan Children Trust FBO Kathleen M. Dolan, Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney, Charles F. Dolan Children Trust FBO Marianne Dolan Weber, Charles F. Dolan Children Trust FBO Thomas C. Dolan, Charles F. Dolan Children Trust FBO James L. Dolan, Charles F. Dolan 2009 Family Trust FBO James L. Dolan, Charles F. Dolan 2009 Family Trust FBO Thomas C. Dolan, Charles F. Dolan 2009 Family Trust FBO Kathleen M. Dolan, Charles F. Dolan 2009 Family Trust FBO Marianne Dolan Weber, Charles F. Dolan 2009 Family Trust FBO Deborah A. Dolan-Sweeney, Ryan Dolan 1989 Trust, Tara Dolan 1989 Trust, Charles F. Dolan 2018 Grantor Retained Annuity Trust #1M, Helen A. Dolan 2018 Grantor Retained Annuity Trust #1M, Charles F. Dolan 2019 Grantor Retained Annuity Trust #1M, Helen A. Dolan 2019 Grantor Retained Annuity Trust #1M | April 24, 2020 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 73 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| PSCU · Invesco Exchange-Traded Fund Trust … | 4.28% | 4,718 SH | Aug. 8, 2026 | Daily |
| PEZ · Invesco Exchange-Traded Fund Trust | 3.72% | 5,363 SH | Aug. 8, 2026 | Daily |
| PEJ · Invesco Exchange-Traded Fund Trust | 2.96% | 60,536 SH | Aug. 8, 2026 | Daily |
| RZG · Invesco Exchange-Traded Fund Trust | 1.41% | 12,285 SH | Aug. 8, 2026 | Daily |
| HGRO · ETF Opportunities Trust | 1.37% | 9,343 NS | April 30, 2026 | N-PORT |
| FSCC · Federated Hermes ETF Trust | 1.13% | 22,624 NS | May 31, 2026 | N-PORT |
| CLSE · Trust for Professional Managers | 1.06% | 47,149 NS | May 31, 2026 | N-PORT |
| XSHQ · Invesco Exchange-Traded Fund Trust … | 0.90% | 18,264 SH | Aug. 8, 2026 | Daily |
| MUSQ · EXCHANGE TRADED CONCEPTS TRUST | 0.78% | 1,201 NS | April 30, 2026 | N-PORT |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.68% | 49,655 NS | April 30, 2026 | N-PORT |
| AFSM · First Trust Exchange-Traded Fund VI… | 0.65% | 4,656 NS | May 31, 2026 | N-PORT |
| VIOG · VANGUARD ADMIRAL FUNDS | 0.51% | 32,021 SH | Aug. 8, 2026 | Daily |
| IJT · iShares Trust | 0.46% | 249,967 SH | Aug. 8, 2026 | Daily |
| DWAS · Invesco Exchange-Traded Fund Trust … | 0.46% | 12,918 SH | Aug. 8, 2026 | Daily |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.35% | 29,569 NS | April 30, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.33% | 67,307 NS | May 31, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.31% | 24,199 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.28% | 259,504 SH | Aug. 8, 2026 | Daily |
| VOX · VANGUARD WORLD FUND | 0.27% | 92,601 SH | Aug. 8, 2026 | Daily |
| XJR · iShares Trust | 0.26% | 3,179 SH | Aug. 8, 2026 | Daily |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.26% | 4,145 SH | Aug. 8, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.25% | 94,055 SH | Aug. 8, 2026 | Daily |
| IJR · iShares Trust | 0.23% | 1,640,590 SH | Aug. 8, 2026 | Daily |
| FCOM · FIDELITY COVINGTON TRUST | 0.22% | 27,172 NS | April 30, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.18% | 9,364 NS | April 30, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.18% | 32,433 SH | Aug. 8, 2026 | Daily |
| SAA · ProShares Trust | 0.16% | 319 NS | May 31, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.16% | 906 NS | April 30, 2026 | N-PORT |
| VFMO · VANGUARD WELLINGTON FUND | 0.15% | 17,879 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.15% | 159,660 SH | Aug. 8, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.14% | 4,633 NS | April 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.14% | 709,552 SH | Aug. 8, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.12% | 345,191 SH | Aug. 8, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.12% | 2,123 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.12% | 11,765 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.10% | 99,984 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.09% | 1,279 NS | May 31, 2026 | N-PORT |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.09% | 12,121 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.09% | 6,104 NS | May 31, 2026 | N-PORT |
| GINN · Goldman Sachs ETF Trust | 0.08% | 1,301 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.08% | 128,244 NS | May 31, 2026 | N-PORT |
| ISCG · iShares Trust | 0.07% | 4,466 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.06% | 1,208 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.06% | 2,917 SH | Aug. 8, 2026 | Daily |
| FBCG · FIDELITY COVINGTON TRUST | 0.06% | 26,977 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.06% | 999 NS | May 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.05% | 9,895 SH | Aug. 8, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.05% | 1,462 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.05% | 308,662 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.05% | 597,128 SH | Aug. 8, 2026 | Daily |