How Sphere Entertainment makes money

Period

FY2026

How does Sphere Entertainment make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Sphere Entertainment Co. · FY2026 · year ended 2025-12-31

Revenue$1.2BGross profit$1.2B · 100%Cost of revenue$0 · 0%Operating income$0 · 0%Operating expenses$1.2B · 100%Other opex$1.2B · 100%Pre-tax income$57M · 5%Other income$57M · 5%Net income$33M · 3%Income tax$24M · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.