Sphere Entertainment (SPHR) revenue breakdown
By segment, Sphere is the largest at 64% of fiscal 2025 revenue, growing 643% a year over 3 years.
By product, Ticketing and venue license fee revenues is the largest at 46% of fiscal 2025 revenue; Sponsorship, signage, Exosphere advertising, and suite license revenues grew fastest, 10% a year over 1 years.
Revenue by segment
Fiscal years, as Sphere Entertainment reports them in its 10-K filings; fiscal 2025 total $1.2B.
| Segments | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|
| Sphere | — | — | — | — | $2M | $3M | $494M | $780M | 64% |
| MSG Networks | — | — | $686M | $648M | $608M | $571M | $530M | $439M | 36% |
| Tao Group Hospitality | $243M | $254M | $180M | $100M | — | — | — | — | — |
| Entertainment | $747M | $797M | $585M | $58M | — | — | — | — | — |
Revenue by product
Fiscal years, as Sphere Entertainment reports them in its 10-K filings; fiscal 2025 total $1.2B.
| Products | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|
| Ticketing and venue license fee revenues | $373M | $420M | $311M | $8M | $250M | $335M | $561M | 46% |
| Media networks revenues | — | — | $686M | $648M | $608M | $530M | $439M | 36% |
| Food, beverage and merchandise revenues | $102M | $83M | $62M | $3M | $110M | $67M | $100M | 8% |
| Sponsorship, signage, Exosphere advertising, and suite license revenues | — | — | — | — | — | $87M | $96M | 8% |
| Other | — | — | — | — | — | $5M | $22M | 2% |
| Event-related and entertainment dining and nightlife offerings | $243M | $253M | $179M | $98M | $483M | — | — | — |
| Sponsorship and signage, suite, and advertising commission revenues (b) | $252M | $265M | $186M | $30M | $197M | — | — | — |
| Other | $20M | $27M | $12M | $3M | $3M | — | — | — |
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Where does Sphere Entertainment make its money?
In fiscal 2025, by segment: Sphere $780M, MSG Networks $439M.
From Sphere Entertainment's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.