Sphere Entertainment Co. (SPHR) experienced a significant pre-market surge of 11.81% following the release of its fourth quarter and full year 2025 financial results.
The company reported quarterly earnings of $1.23 per share, which dramatically exceeded the analyst consensus estimate of a $0.22 loss by 651.57 percent. This represents a substantial improvement from losses of $3.49 per share during the same period last year. Additionally, quarterly sales reached $394.283 million, surpassing estimates of $377.755 million by 4.38 percent and marking a 27.89 percent year-over-year increase.
For the full year 2025, Sphere Entertainment reported adjusted operating income of $261.8 million, representing a 138 percent increase compared to the previous year. The company also highlighted recent developments including plans to develop a new Sphere venue at National Harbor in the Washington, D.C. metropolitan area and advancing plans for a Sphere in Abu Dhabi, indicating continued expansion of its global footprint.