Sphere Entertainment Past Earnings Performance
Past criteria checks 2/6
Sphere Entertainment has been growing earnings at an average annual rate of 26.2%, while the Entertainment industry saw earnings growing at 18.1% annually. Revenues have been declining at an average rate of 11% per year. Sphere Entertainment's return on equity is 8.4%, and it has net margins of 23.4%.
Key information
26.2%
Earnings growth rate
29.9%
EPS growth rate
| Entertainment Industry Growth | 30.3% |
| Revenue growth rate | -11.0% |
| Return on equity | 8.4% |
| Net Margin | 23.4% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Sphere Entertainment makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 883 | 206 | 439 | 0 |
| 31 Dec 23 | 723 | 139 | 459 | 0 |
| 30 Sep 23 | 569 | 286 | 448 | 0 |
| 30 Jun 23 | 574 | 172 | 455 | 0 |
| 31 Mar 23 | 126 | -218 | 355 | 0 |
| 31 Dec 22 | 317 | -124 | 330 | 0 |
| 30 Sep 22 | 439 | -109 | 317 | 0 |
| 30 Jun 22 | 610 | -141 | 397 | 0 |
| 31 Mar 22 | 1,189 | -149 | 538 | 0 |
| 31 Dec 21 | 1,051 | -156 | 530 | 0 |
| 30 Sep 21 | 938 | -200 | 542 | 0 |
| 30 Jun 21 | 648 | -4 | 302 | 0 |
| 31 Mar 21 | 563 | 8 | 398 | 0 |
| 31 Dec 20 | 530 | -100 | 376 | 0 |
| 30 Sep 20 | 756 | 37 | 373 | 0 |
| 30 Jun 20 | 1,436 | 182 | 474 | 0 |
| 31 Mar 20 | 970 | -170 | 375 | 0 |
| 31 Dec 19 | 1,039 | -47 | 370 | 0 |
| 30 Sep 19 | 936 | -101 | 344 | 0 |
| 30 Jun 19 | 1,049 | -18 | 317 | 0 |
| 31 Mar 19 | 580 | -138 | 158 | 0 |
| 30 Jun 18 | 989 | 7 | 276 | 0 |
| 31 Mar 18 | 1,547 | 103 | 488 | 0 |
| 30 Jun 17 | 711 | -109 | 187 | 0 |
| 31 Mar 17 | 1,231 | -47 | 368 | 0 |
| 30 Jun 16 | 1,115 | -77 | 334 | 0 |
Quality Earnings: MQ2 has a high level of non-cash earnings.
Growing Profit Margin: MQ2 became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MQ2 has become profitable over the past 5 years, growing earnings by 26.2% per year.
Accelerating Growth: MQ2 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MQ2 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Entertainment industry (-5.6%).
Return on Equity
High ROE: MQ2's Return on Equity (8.4%) is considered low.