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Revenue Recognition (Tables) | 3 Months Ended
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Mar. 31, 2026
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following tables disaggregate the Company’s consolidated revenues by segment and type of goods or services for the three months ended March 31, 2026 and 2025:
|  | Three Months Ended
|  | March 31, 2026
|  | Sphere |  | MSG Networks |  | Total
Ticketing and venue license fee revenues (a) |  | $ | 198,304 |  |  | $ | — |  |  | $ | 198,304 |
Sponsorship, signage, Exosphere advertising, and suite license revenues (b) |  | 27,065 |  |  | — |  |  | 27,065 |
Food, beverage, and merchandise revenues (c) |  | 33,718 |  |  | — |  |  | 33,718 |
Media networks revenues (b) |  | — |  |  | 120,447 |  |  | 120,447 |
Other |  | 6,439 |  |  | — |  |  | 6,439 |
Total revenues from contracts with customers |  | 265,526 |  |  | 120,447 |  |  | 385,973 |
Revenues from subleases |  | 439 |  |  | — |  |  | 439 |
Total revenues |  | $ | 265,965 |  |  | $ | 120,447 |  |  | $ | 386,412 |
|  | Three Months Ended
|  | March 31, 2025
|  | Sphere |  | MSG Networks |  | Total
Ticketing and venue license fee revenues (a) |  | $ | 107,327 |  |  | $ | — |  |  | $ | 107,327 |
Sponsorship, signage, Exosphere advertising, and suite license revenues (b) |  | 24,174 |  |  | — |  |  | 24,174 |
Food, beverage, and merchandise revenues (c) |  | 19,889 |  |  | — |  |  | 19,889 |
Media networks revenues (b) |  | — |  |  | 123,029 |  |  | 123,029 |
Other |  | 5,651 |  |  | — |  |  | 5,651 |
Total revenues from contracts with customers |  | 157,041 |  |  | 123,029 |  |  | 280,070 |
Revenues from subleases |  | 504 |  |  | — |  |  | 504 |
Total revenues |  | $ | 157,545 |  |  | $ | 123,029 |  |  | $ | 280,574 |
_________________ (a) Amounts include ticket sales, other ticket-related revenue, and venue license fees from the Company’s events such as (i) concerts, (ii) The Sphere Experience, (iii) brand events and (iv) other live entertainment and sporting events. These revenues are generally recognized at a point in time. (b) Sponsorship and signage, Exosphere advertising, suite licenses, and media related revenues are generally recognized over time. (c) Food, beverage, and merchandise revenues are generally recognized at a point in time.
Contract with Customer, Contract Assets and Liabilities | The following table provides information about contract balances from the Company’s contracts with customers as of March 31, 2026 and December 31, 2025:
|  | As of
|  | March 31, |  | December 31,
|  | 2026 |  | 2025
Receivables from contracts with customers, net (a) |  | $ | 182,133 |  |  | $ | 173,525 |
Contract assets, current (b) |  | 311 |  |  | 445 |
Deferred revenue, including non-current portion (c) |  | 261,949 |  |  | 250,170 |
_________________ (a) As of March 31, 2026 and December 31, 2025, the Company’s receivables from contracts with customers, net above included $584 and $1,895, respectively, related to various related parties. See Note 14 . Related Party Transactions for further details on these related party arrangements. (b) Contract assets, current and Contract assets, non-current, which are reported as Prepaid expenses and other current assets and Other non-current assets, respectively, in the Company’s condensed consolidated balance sheets, primarily relate to the Company’s rights to consideration for goods or services transferred to customers, for which the Company does not have an unconditional right to bill as of the reporting date. Contract assets are transferred to accounts receivable once the Company’s right to consideration becomes unconditional. (c) Deferred revenue primarily relates to the Company’s receipt of consideration from customers in advance of the Company’s transfer of goods or services to the customers. Deferred revenue is reduced and the related revenue is recognized once the underlying goods or services are transferred to a customer. Revenue recognized for the three months ended March 31, 2026 relating to the deferred revenue balance as of December 31, 2025 was $124,173.

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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