your badges 52W Range $57–$182 46% of range Analyst Rating BUY 19 analysts Price Target $180 +57% upside P/E -77.1 ROE -3.1% Net Profit Margin -5.2%

SPHR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $114.81
P/E (TTM) -77.1
EPS (TTM) $-1.49
Revenue (TTM) $1.36B
ROE (TTM) -3.1%
Debt/Equity (MRQ) 0.4
52W Range $57–$182

SPHR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
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Stock splits 1
Ex-date Split Type
April 21, 2023 433-for-200 Forward

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$1.22B
2018-06-30 → 2025-12-31
EPS$0.74
2019-06-30 → 2025-12-31
Free Cash Flow·
2020-06-30 → 2022-06-30
Net margin-5.2%
2020-06-30 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend SPHR 5Y avg Peer Median Verdict
P/E (TTM) -77.15Y avg ≈30.0 ≈30.0 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 197.2%
Next Report Nov 02, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 $-1.07 $-1.53 30.2%
March 31, 2026 $-0.04 $-0.56 92.8%
Dec. 31, 2025 $1.23 $-0.21 678.3%
Sept. 30, 2025 $-0.99 $-1.78 44.4%
June 30, 2025 $3.38 $-1.45 333.4%
March 31, 2025 $-2.26 $-2.35 3.9%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 15
Metric Trend 2025202420232022202120202019
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) 36,069,000·34,651,00034,255,00034,077,00034,864,00023,992
Shares (Diluted) 45,298,000·34,929,00034,255,00034,252,00034,942,00023,992
EBITDA $107M·$103M$22M$-336M$45M·
Balance Sheet 28
Metric Trend 2025202420232022202120202019
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 2025202420232022202120202019
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 2025202420232022202120202019
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 2025202420232022202120202019
Current Ratio 1.1·0.91.3·2.8·
Quick Ratio ··0.21.1·2.6·
Debt / Equity 0.4·0.50.9·0.0·
LT Debt / Equity 0.3·0.40.9·0.0·
Interest Coverage ···-3.8-2164.4-26.0·
Efficiency 2
Metric Trend 2025202420232022202120202019
Asset Turnover 0.3·0.10.3·0.2·
Receivables Turnover ···8.6·11.0·
Per Share 3
Metric Trend 2025202420232022202120202019
Revenue / Share $26.93·$16.43$50.35$7453.05$31.77·
Cash Flow / Share $5.37·$4.40$4.13$-10518.07$4.00·
EPS (TTM) $0.74·$14.40$-5.77$-4.59$5.20·
Growth Rates 4
Metric Trend 2025202420232022202120202019
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 2025202420232022202120202019
Revenue TTM $1.22B·$574M$610M$648M$1.44B·
Net Income TTM $33M·$503M$-194M$-148M$182M·
P/E 128.5·1.9-4.2-8.46.7·
Earnings Yield 0.78%·52.6%-23.7%-11.8%15.0%·

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312024-06-302023-06-302022-06-30
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

Institutional owners (13F) 451 filers · $6.7B total · As of Sept. 30, 2026

17

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.

Holders 451
Value held $6.7B
New positions 98
Exited positions 47
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
98 (-8 vs prior Q) 47 (+16 vs prior Q) 132 (+19 vs prior Q) 144 (+23 vs prior Q) +2.5M

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
BlackRock, Inc. $705,969,926 4,080,043 10.52% Shares
Jericho Capital Asset Management L.P. $450,849,563 2,605,615 6.72% Shares
MORGAN STANLEY $428,209,665 2,474,769 6.38% Shares
ARIEL INVESTMENTS, LLC $288,151,357 1,665,326 4.29% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $262,167,789 1,515,158 3.91% Shares
VANGUARD GROUP INC $252,274,052 2,653,282 3.76% Shares
SANDS CAPITAL MANAGEMENT, LLC $235,030,283 1,358,321 3.50% Shares
VANGUARD CAPITAL MANAGEMENT LLC $204,979,643 1,184,648 3.05% Shares
STATE STREET CORP $187,213,096 1,081,969 2.79% Shares
FMR LLC $167,664,490 968,991 2.50% Shares
AMERIPRISE FINANCIAL INC $156,420,985 904,008 2.33% Shares
DIMENSIONAL FUND ADVISORS LP $154,307,808 891,801 2.30% Shares
GEODE CAPITAL MANAGEMENT, LLC $135,851,602 784,997 2.02% Shares
GAMCO INVESTORS, INC. ET AL $132,525,926 765,913 1.97% Shares
GILDER GAGNON HOWE & CO LLC $96,506,098 557,742 1.44% Shares
STEADFAST CAPITAL MANAGEMENT LP $95,280,873 550,661 1.42% Shares
Castle Hook Partners LP $90,328,408 522,039 1.35% Shares
GABELLI FUNDS LLC $87,731,401 507,030 1.31% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $82,909,747 479,164 1.24% Shares
DEUTSCHE BANK AG\ $73,735,177 426,141 1.10% Shares
Assenagon Asset Management S.A. $70,401,581 406,875 1.05% Shares
BANK OF AMERICA CORP /DE/ $65,390,113 377,912 0.97% Shares
UBS Group AG $64,406,957 372,230 0.96% Shares
JENNISON ASSOCIATES LLC $62,539,961 361,440 0.93% Shares
Contour Asset Management LLC $61,336,021 354,482 0.91% Shares
CITADEL ADVISORS LLC $58,830,200 340,000 0.88% Call option
NORTHERN TRUST CORP $58,139,636 336,009 0.87% Shares
Invesco Ltd. $56,138,026 324,441 0.84% Shares
SYSTEMATIC FINANCIAL MANAGEMENT LP $50,135,292 289,748 0.75% Shares
NEUBERGER BERMAN GROUP LLC $45,797,061 264,677 0.68% Shares
RENAISSANCE TECHNOLOGIES LLC $44,284,433 255,935 0.66% Shares
NORGES BANK $43,147,626 249,365 0.64% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $42,652,933 246,506 0.64% Shares
JACOBS LEVY EQUITY MANAGEMENT, INC $42,206,516 243,926 0.63% Shares
GOLDMAN SACHS GROUP INC $42,091,761 243,263 0.63% Shares
JANE STREET GROUP, LLC $40,489,020 234,000 0.60% Call option
SUSQUEHANNA INTERNATIONAL GROUP, LLP $39,952,627 230,900 0.60% Put option
Nearwater Capital Markets, Ltd $39,658,476 229,200 0.59% Shares
FEDERATED HERMES, INC. $39,154,439 226,287 0.58% Shares
Islander Capital Partners, L.P. $38,071,445 220,028 0.57% Shares
BNP PARIBAS FINANCIAL MARKETS $36,983,259 213,739 0.55% Shares
Artemis Investment Management LLP $35,402,976 204,606 0.53% Shares
MILLENNIUM MANAGEMENT LLC $32,917,054 190,239 0.49% Shares
JPMORGAN CHASE & CO $32,685,660 188,390 0.49% Shares
BRIDGEWAY CAPITAL MANAGEMENT, LLC $32,306,950 186,713 0.48% Shares
D. E. Shaw & Co., Inc. $30,946,415 178,850 0.46% Shares
VANGUARD FIDUCIARY TRUST CO $30,797,091 177,987 0.46% Shares
O'Keefe Stevens Advisory, Inc. $29,247,780 169,033 0.44% Shares
WELLS FARGO & COMPANY/MN $28,027,112 161,978 0.42% Shares
FIRST TRUST ADVISORS LP $27,962,513 161,605 0.42% Shares

Show all 451 institutional owners →

Activists & 5%+ owners 10 positions

18

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 M&A / sale 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 M&A / sale 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 Passive investment 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.

Company insiders 46 insiders · 17 officers · 17 directors

19
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 Sept. 15, 2026 M 54,207 0 0 $0
Andrew Lustgarten President Sept. 15, 2021 M 10,977 0 0 $0
David Granville-Smith Executive Vice President Sept. 15, 2026 M 94,826 0 0 $0
Allen M. Lo EVP & Chief Legal Officer March 30, 2026 A · 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
Ryan Thomas Dolan Director Sept. 15, 2026 M 5,662 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
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
Kathleen M. Dolan, individually and as Trustee of certain trusts described herein 10% owner Sept. 8, 2025 J 137,059 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
Madison Square Garden Co 10% owner April 17, 2020 J 0 0 0 $0
Charles F. Dolan 2009 Revocable Trust · Sept. 8, 2025 J 0 0 0 $0
Kathleen M. Dolan 2012 Descendants Trust · Sept. 8, 2025 J · 0 0 $0
Marianne E. Dolan Weber 2012 Descendants Trust · Sept. 8, 2025 J · 0 0 $0
Charles F. Dolan 2009 Family Trust FBO Thomas C. Dolan · Sept. 8, 2025 J · 0 0 $0
Charles F. Dolan 2009 Family Trust FBO Patrick F. Dolan · Sept. 8, 2025 J · 0 0 $0
Charles F. Dolan 2009 Family Trust FBO Deborah Dolan-Sweeney · Sept. 8, 2025 J · 0 0 $0
Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney · Sept. 8, 2025 J · 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

ETF ownership Held by 54 ETFs

20

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 … 3.63% 4,042 SH Oct. 2, 2026 Daily
XSMO · Invesco Exchange-Traded Fund Trust 1.36% 305,741 SH Oct. 2, 2026 Daily
RZG · Invesco Exchange-Traded Fund Trust 1.28% 11,862 SH Oct. 2, 2026 Daily
MUSQ · EXCHANGE TRADED CONCEPTS TRUST 0.89% 1,371 NS July 31, 2026 N-PORT
XSHQ · Invesco Exchange-Traded Fund Trust … 0.84% 18,739 SH Oct. 2, 2026 Daily
FYC · First Trust Exchange-Traded AlphaDE… 0.56% 50,721 NS July 31, 2026 N-PORT
VIOG · VANGUARD ADMIRAL FUNDS 0.51% 32,021 SH Aug. 19, 2026 Daily
DWAS · Invesco Exchange-Traded Fund Trust … 0.43% 13,655 SH Oct. 2, 2026 Daily
VTWV · VANGUARD SCOTTSDALE FUNDS 0.31% 24,199 SH Aug. 19, 2026 Daily
VOX · VANGUARD WORLD FUND 0.27% 92,601 SH Aug. 19, 2026 Daily
FYX · First Trust Exchange-Traded AlphaDE… 0.26% 25,208 NS July 31, 2026 N-PORT
VIOO · VANGUARD ADMIRAL FUNDS 0.25% 94,055 SH Aug. 19, 2026 Daily
FCOM · FIDELITY COVINGTON TRUST 0.23% 27,340 NS July 31, 2026 N-PORT
QVMS · Invesco Exchange-Traded Fund Trust … 0.21% 3,926 SH Oct. 2, 2026 Daily
JPSE · J.P. Morgan Exchange-Traded Fund Tr… 0.19% 8,024 NS July 31, 2026 N-PORT
BKSE · BNY Mellon ETF Trust 0.15% 938 NS July 31, 2026 N-PORT
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.15% 7,417 NS July 31, 2026 N-PORT
VFMO · VANGUARD WELLINGTON FUND 0.15% 17,879 SH Aug. 19, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.15% 159,660 SH Aug. 19, 2026 Daily
IWM · iShares Trust 0.13% 712,780 SH Sept. 11, 2026 Daily
RSSL · Global X Funds 0.13% 13,278 NS July 31, 2026 N-PORT
VBK · VANGUARD INDEX FUNDS 0.12% 345,191 SH Aug. 19, 2026 Daily
FAD · First Trust Exchange-Traded AlphaDE… 0.11% 4,594 NS July 31, 2026 N-PORT
FTLS · First Trust Exchange-Traded Fund III 0.11% 18,897 NS July 31, 2026 N-PORT
OMFS · Invesco Exchange-Traded Self-Indexe… 0.10% 2,111 SH Oct. 2, 2026 Daily
PRFZ · Invesco Exchange-Traded Fund Trust 0.10% 20,994 SH Oct. 2, 2026 Daily
DFAS · Dimensional ETF Trust 0.10% 104,033 NS July 31, 2026 N-PORT
RWJ · Invesco Exchange-Traded Fund Trust … 0.08% 12,221 SH Oct. 2, 2026 Daily
ISCG · iShares Trust 0.07% 4,543 SH Sept. 11, 2026 Daily
FBCG · FIDELITY COVINGTON TRUST 0.06% 28,780 NS July 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.05% 308,662 SH Aug. 19, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.05% 597,128 SH Aug. 19, 2026 Daily
DXUV · Dimensional ETF Trust 0.04% 1,403 NS July 31, 2026 N-PORT
WSML · iShares Trust 0.03% 1,549 SH Sept. 11, 2026 Daily
DFAC · Dimensional ETF Trust 0.02% 77,446 NS July 31, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.02% 9,190 NS July 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.01% 3,291 NS July 31, 2026 N-PORT
DFUV · Dimensional ETF Trust 0.01% 11,296 NS July 31, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.01% 826,774 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.01% 2,254 SH Aug. 19, 2026 Daily
ESGV · VANGUARD WORLD FUND 0.01% 6,081 SH Aug. 19, 2026 Daily
DFSU · Dimensional ETF Trust 0.01% 1,550 NS July 31, 2026 N-PORT
TILT · FlexShares Trust 0.01% 1,422 NS July 31, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.01% 6,407 NS July 31, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.01% 8,321 NS July 31, 2026 N-PORT
ITOT · iShares Trust 0.01% 37,122 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.01% 7,088 SH Sept. 11, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.00% 22,370 SH Aug. 19, 2026 Daily
IJR · iShares Trust · 1,641,678 SH Sept. 10, 2026 Daily
IJT · iShares Trust · 254,974 SH Sept. 9, 2026 Daily
IWN · iShares Trust · 260,504 SH Sept. 11, 2026 Daily
XJR · iShares Trust · 3,721 SH Aug. 31, 2026 Daily
ISCB · iShares Trust · 1,226 SH Sept. 11, 2026 Daily
ISCV · iShares Trust · 2,969 SH Sept. 11, 2026 Daily

SPHR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 19 analysts BUY
Median target $175.00 +52.4%
5 26.3% Strong Buy
12 63.2% Buy
2 10.5% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

13 analysts · 2026-09-29

Mean target $179.92 +56.7%

← Below all targets Current price $114.81
Low$158.00 Mean$179.92 High$208.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

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% ·
AMC · -1.2 4.6% · · ·
STUB $4.68B -2.2 -1.4% -109.2% -192.2% ·
MCS · · 3.1% 1.7% 2.8% ·

Latest News Recent headlines mentioning this company

23
4 Media Stocks to Buy From a Prospering Industry Nasdaq · 2 months, 3 weeks ago

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-Q filed Jul 30, 2026