Sphere Entertainment (SPH) Shares Rise 17% on Q4 Profit Turnaround

Sphere Entertainment (SPH) surged 17% in extended trading on February 12, 2026, following a Q4 profit turnaround. The company reported a net profit of $28.5 million, compared to a $32.1 million loss in the same period of 2025, reflecting improved streaming services and stronger ad sales. Revenue reached $118.3 million, up from $102.4 million in Q4 2025. CEO John Martinez stated the improvement was driven by cost optimization and a shift in content strategy toward higher-performing genres. The stock closed at $42.15, up from $36.10 at the start of the session.