Sphere Entertainment Fiscal Q1 2027 Revenue Tops Estimates at $274.3M, but EPS Misses at -$4.84

Sphere Entertainment (SPHR) posted mixed fiscal first-quarter 2027 results, with revenue above the estimate and adjusted EPS below it. Revenue was $274.3 million, down 29% from a year earlier, above the $269.7 million estimate, and adjusted EPS was -$4.84, down 253% from a year earlier, below the -$1.66 estimate.

Shares fell 2.1% in premarket trading as of 7:29 a.m. ET, to $106.61 from a $108.85 close.

Fiscal Q1 2027 scorecard

By our calculation, revenue was $4.5 million above the estimate and adjusted EPS was $3.18 below it. The QoQ column compares with the previous quarter's revenue of $313.6 million and adjusted EPS of -$1.07. The YoY column compares with $386.4 million and -$1.37 in the same quarter a year earlier.

Track record

• EPS record. Adjusted EPS beat the estimate in 5 of the last 8 reports, including this one.
• Revenue record. Revenue beat the estimate in 7 of the last 8 reports.
• Revenue trend. Revenue over the last 5 reports, oldest first: $386.4 million, $394.3 million, $386.4 million, $313.6 million and $274.3 million.

What to watch

• Next-quarter estimates. Consensus calls for EPS of -$0.00 and revenue of $372.5 million next quarter, based on 3 analysts.
• Revenue growth. Whether revenue stabilizes after this quarter's 29% decline from a year earlier to $274.3 million.
• Estimate record. Whether Sphere Entertainment extends a record of beating EPS estimates in 5 of its last 8 reports.
• Related coverage. See our reports on Sonida Senior Living, Installed Building Products, Payoneer Global and NetScout Systems.

Sources: Results are from Sphere Entertainment's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Sphere Entertainment's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.