Sphere Entertainment Co. operates as a live entertainment and media company in the United States. It operates through two segments, Sphere and MSG Networks. The Sphere segment offers entertainment medium powered by technologies to create multi-sensory experiences. The MSG Networks segment provides regional sports and entertainment networks; direct-to-consumer and authenticated streaming products, as well as sports content, including live local …
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Competitive advantage assessment
Key risks
Commodity Pressure / Weak DifferentiationGross margin at 29.8th percentile with high volatility suggests weak pricing power or commoditized products.
ROIC Below WACC or PeersROIC at 23.9th percentile suggests inefficient capital deployment.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Sphere Entertainment Co. ranks #41 of 56
scored companies in Entertainment by moat score — the top 73%.
The widest moat in the group is Netflix, Inc. (NFLX)
at 85/100.
Moat scores for companies ranked near SPHR in Entertainment
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 21
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 25
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 30
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 33
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 22
· 15% of the moat score
Scale matters only when it converts into economics.
Sphere Entertainment Co. (SPHR) scores 24 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #41 of 56 scored companies in Entertainment, the top 73%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 55 companies in Entertainment. Its strongest defense is Resilience (33/100) and its weakest is Pricing Power (15/100).
How does Sphere Entertainment Co. compare with other Entertainment companies?
Sphere Entertainment Co. ranks #41 of 56 scored companies in Entertainment by moat score. The widest moat in Entertainment is Netflix, Inc. (NFLX) at 85/100. The companies ranked closest are Liberty Media Corporation - Ser (LLYVK) at 25 just above it and Kartoon Studios, Inc. (TOON) at 21 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 55 companies in Entertainment. The defenses are then weighted to produce the overall score out of 100.
Why is Sphere Entertainment Co. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Sphere Entertainment Co.?
The Corporate Default template measures 6 defenses, and SPHR scores: Pricing Power (15), Cost Advantage (21), Customer Stickiness (25), Capital Efficiency (30), Resilience (33), Scale & Market Position (22). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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