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SPHR (Sphere Entertainment Co) EBIT : $-351 Mil (TTM As of Dec. 2024)


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What is Sphere Entertainment Co EBIT?

Sphere Entertainment Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2024 was $-138 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was $-351 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sphere Entertainment Co's annualized ROC % for the quarter that ended in Dec. 2024 was -4.89%. Sphere Entertainment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -17.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sphere Entertainment Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -16.77%.


Sphere Entertainment Co EBIT Historical Data

The historical data trend for Sphere Entertainment Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sphere Entertainment Co EBIT Chart

Sphere Entertainment Co Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
EBIT
Get a 7-Day Free Trial 288.07 63.75 -167.68 275.43 -280.36

Sphere Entertainment Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -154.89 -36.00 -66.26 -111.28 -137.92

Competitive Comparison of Sphere Entertainment Co's EBIT

For the Entertainment subindustry, Sphere Entertainment Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sphere Entertainment Co's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Sphere Entertainment Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Sphere Entertainment Co's EV-to-EBIT falls into.



Sphere Entertainment Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-351 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Sphere Entertainment Co  (NYSE:SPHR) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Sphere Entertainment Co's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=-309.96 * ( 1 - 25.18% )/( (4789.987 + 4694.494)/ 2 )
=-231.912072/4742.2405
=-4.89 %

where

Invested Capital(Q: Sep. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4592.669 - 382.057 - ( 539.63 - max(0, 1315.426 - 736.051+539.63))
=4789.987

Invested Capital(Q: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4515.3 - 431.48 - ( 515.633 - max(0, 1371.667 - 760.993+515.633))
=4694.494

Note: The Operating Income data used here is four times the quarterly (Dec. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Sphere Entertainment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-551.664/( ( (3195.676 + max(-281.253, 0)) + (3129.65 + max(-303.643, 0)) )/ 2 )
=-551.664/( ( 3195.676 + 3129.65 )/ 2 )
=-551.664/3162.663
=-17.44 %

where Working Capital is:

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(114.645 + 14.14 + 55.534) - (382.057 + 83.515 + -2.2737367544323E-13)
=-281.253

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(154.624 + 12.583 + 52.424) - (431.48 + 91.794 + -2.2737367544323E-13)
=-303.643

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Sphere Entertainment Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=-351.447/2095.603
=-16.77 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Sphere Entertainment Co EBIT Related Terms

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Sphere Entertainment Co Business Description

Traded in Other Exchanges
Address
Two Penn Plaza, New York, NY, USA, 10121
Sphere Entertainment Co is a live entertainment and media company. The firm creates, writes, casts, produces, and tours shows and events. The group has two reportable segments which includeSphere and MSG Networks. Sphere is a next-generation entertainment medium, and MSG Networks operates two regional sports and entertainment networks, as well as a direct-to-consumer (DTC) and authenticated streaming product.
Executives
Andrea Greenberg officer: President/CEO-MSG Networks 11 PENNSYLVANIA PLAZA, NEW YORK NY 10001
James Lawrence Dolan director, officer: Executive Chairman / CEO, other: Member of 13(d) Group BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
David F. Byrnes officer: EVP & Chief Financial Officer C/O CBS CORPORATION, 51 WEST 52ND STREET, NEW YORK NY 10019
David Granville-smith officer: Executive Vice President TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Gregory Brunner officer: SVP, Controller & PAO TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Carl E Vogel director C/O SIRIUS XM RADIO INC., 1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Gautam Ranji officer: EVP, CFO & Treasurer TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Isiah Iii Thomas director TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Philip Gerard D'ambrosio officer: Interim CFO, Treasurer & Sec. TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Dolan Leinauer Corby other: Trustee of 13(d) Group Member BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Zeppetella Courtney M officer: SVP, Controller & CAO TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Jamal H Haughton officer: EVP & General Counsel TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Joseph F Yospe officer: SVP, Controller & PAO 551 5TH AVENUE, SUITE 300, NEW YORK NY 10176
Joel M. Litvin director TWO PENNSYLVANIA PLAZA, NEW YORK NY 10011
Scott S Packman officer: EVP & General Counsel TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121