CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Income Statement [Abstract] | ||||||
| Revenues | [1] | $ 313,639 | $ 282,677 | $ 700,051 | $ 563,251 | |
| Operating expenses: | ||||||
| Direct operating expenses | [1] | 151,063 | 131,318 | 320,710 | 289,641 | |
| Selling, general and administrative expenses | [1] | 139,207 | 113,023 | 260,910 | 227,292 | |
| Depreciation and amortization | 84,308 | 83,907 | 168,675 | 168,136 | ||
| Impairments and other losses, net | 0 | 3,641 | 79 | 4,162 | ||
| Restructuring charges | 323 | 947 | 3,737 | 2,788 | ||
| Operating loss | (61,262) | (50,159) | (54,060) | (128,768) | ||
| Other income (expense): | ||||||
| Gain (loss) on extinguishment of debt | 0 | 346,092 | (2,071) | 346,092 | ||
| Interest income | 4,786 | 4,084 | 8,737 | 7,962 | ||
| Interest expense | (8,273) | (25,862) | (16,312) | (52,068) | ||
| Other expense, net | (504) | (400) | (1,928) | (1,740) | ||
| (Loss) income from continuing operations before income taxes | (65,253) | 273,755 | (65,634) | 171,478 | ||
| Income tax benefit (expense) | 26,926 | (121,939) | 31,767 | (101,616) | ||
| Net (loss) income | (38,327) | 151,816 | (33,867) | 69,862 | ||
| Less: Net income attributable to participating securities | 461 | 0 | 6,514 | 0 | ||
| Net (loss) income attributable to Sphere Entertainment Co.’s stockholders | (38,788) | 151,816 | (40,381) | 69,862 | ||
| Net (loss) income attributable to Sphere Entertainment Co.’s stockholders | $ (38,788) | $ 151,816 | $ (40,381) | $ 69,862 | ||
| Basic (loss) income per common share attributable to Sphere Entertainment Co.’s stockholders (in dollars per share) | $ (1.07) | $ 4.18 | $ (1.12) | $ 1.93 | ||
| Diluted (loss) income per common share attributable to Sphere Entertainment Co.’s stockholders (in dollars per share) | $ (1.07) | $ 3.39 | $ (1.12) | $ 1.56 | ||
| Weighted-average number of common shares outstanding: | ||||||
| Basic (in shares) | 36,150 | 36,283 | 36,015 | 36,196 | ||
| Diluted (in shares) | 36,150 | 44,848 | 36,015 | 44,865 | ||
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- Definition Impairment And Other Gain (Loss), Net No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate direct operating costs incurred during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income earned from interest bearing assets classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of undistributed earnings (loss) from continuing operations allocated to participating securities for basic earnings (loss) per share or per unit calculation under two-class method. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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