Live Nation Entertainment, Inc. (LYV)
Live Nation Entertainment, Inc. operates as a live entertainment company worldwide. The company operates through Concerts, Ticketing, and Sponsorship & Advertising segments. Its Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates associated content; and offers management and other services to artists. The Ticketing segment manages the ticketing operations, including the provision of ticketing software and services to consumers with marketplace for tickets and event information through mobile apps, other websites, and retail outlets, as well as its websites, such as livenation.com and ticketmaster.com; and provides ticket resale services. This segment offers ticketing services for arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters. Its Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertising, including signage, online advertising, and promotional programs; rich media offering, including advertising related with live streaming and music-related content; and ads through distribution network of venues, events, and websites. This segment also manages the development of strategic sponsorship programs, as well as develops, books, and produces custom events or programs for specific brands. It owns, operates, or leases entertainment venues. The company was formerly known as Live Nation, Inc. and changed its name to Live Nation Entertainment, Inc. in January 2010. Live Nation Entertainment, Inc. was incorporated in 2005 and is headquartered in Beverly Hills, California.
- Symbol
- LYV
- Exchange
- NYSE
- Sector
- Communication Services
- Industry
- Entertainment
- Market cap
- $39.30B
- 52 week range
- 125.34 - 189.25
Valuation
- Share price
- $168.77 (close of 2026-10-02)
- P/E (TTM)
- -150.69x
- Price to book
- 52.01x
- Price to free cash flow
- 28.42x
- Enterprise value
- $41.51B
- Book value per share
- $3.25
Price performance
| Period | Change |
|---|---|
| 1 day | +1.15% |
| 5 days | -1.23% |
| 1 month | -6.02% |
| 3 months | -9.55% |
| 6 months | +8.36% |
| Year to date | +18.44% |
| 1 year | +7.72% |
| 3 years | +99.94% |
| 5 years | +70.94% |
| 10 years | +514.16% |
| All time | +1455.48% |
Members of Congress who disclosed LYV trades
April McClain Delaney · Alan Armstrong
Super investors holding LYV
Dan Loeb (Third Point LLC) · Ken Griffin (Citadel) · Sarah Ketterer (Causeway Capital Management LLC) · Pat Dorsey (Dorsey Asset Management) · Triple Frond Partners (Triple Frond Partners LLC) · William Von Mueffling (Cantillon Capital Management LLC) · Mason Hawkins (Southeastern Asset Management) · Dodge & Cox (Dodge & Cox Funds)
Profitability and growth
- Return on equity
- 55.45%
- Return on invested capital
- 21.68%
- Return on assets
- 2.16%
- Return on capital employed
- 10.53%
- Gross margin
- 25.55%
- Net margin
- 1.97%
- EBITDA margin
- 7.50%
- Revenue growth
- 8.83%
- Net income growth
- -44.66%
- Free cash flow growth
- -69.07%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 3.52%
- Current ratio
- 0.85x
- Net debt to EBITDA
- 1.31x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $25.20B
- Cost of revenue
- $18.76B
- Gross profit
- $6.44B
- EBITDA
- $1.89B
- Net income
- $495.97M
- Earnings per share
- $-0.24
- Interest expense
- $316.03M
- Shares outstanding
- 231.84M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $25.20B | $6.44B | $495.97M | $-0.24 |
| 2024-12-31 | $23.16B | $5.77B | $896.29M | $2.77 |
| 2023-12-31 | $22.73B | $5.44B | $556.89M | $1.35 |
| 2022-12-31 | $16.68B | $4.33B | $266.44M | $0.53 |
| 2021-12-31 | $6.27B | $1.91B | -$650.90M | $-3.09 |
| 2020-12-31 | $1.86B | $458.78M | -$1.72B | $-8.12 |
| 2019-12-31 | $11.55B | $3.08B | $69.89M | $-0.02 |
| 2018-12-31 | $10.79B | $2.82B | $60.25M | $-0.09 |
| 2017-12-31 | $9.69B | $2.51B | -$6.01M | $-0.48 |
| 2016-12-31 | $7.83B | $2.19B | $2.94M | $-0.23 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 25.55% | 1.97% | 55.45% | 21.68% |
| 2024-12-31 | 24.94% | 3.87% | 109.44% | 27.53% |
| 2023-12-31 | 23.92% | 2.45% | 100.89% | 31.74% |
| 2022-12-31 | 25.98% | 1.60% | 409.74% | 28.10% |
| 2021-12-31 | 30.51% | -10.38% | 338.11% | - |
| 2020-12-31 | 24.65% | -92.66% | 1289.35% | - |
| 2019-12-31 | 26.68% | 0.61% | 4.77% | 52.64% |
| 2018-12-31 | 26.14% | 0.56% | 4.49% | - |
| 2017-12-31 | 25.86% | -0.06% | -0.42% | - |
| 2016-12-31 | 27.95% | 0.04% | 0.22% | - |
Cash and debt by year
| Period end | Cash |
|---|---|
| 2025-12-31 | $7.09B |
| 2024-12-31 | $6.10B |
| 2023-12-31 | $6.23B |
| 2022-12-31 | $5.61B |
| 2021-12-31 | $4.88B |
| 2020-12-31 | $2.54B |
| 2019-12-31 | $2.47B |
| 2018-12-31 | $2.37B |
| 2017-12-31 | $1.83B |
| 2016-12-31 | $1.53B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $333.61M | $155.22M |
| 2024-12-31 | $1.08B | $110.35M |
| 2023-12-31 | $924.37M | $115.96M |
| 2022-12-31 | $1.49B | $110.05M |
| 2021-12-31 | $1.63B | $209.34M |
| 2020-12-31 | -$1.30B | $116.89M |
| 2019-12-31 | $146.22M | $48.78M |
| 2018-12-31 | $701.75M | $45.58M |
| 2017-12-31 | $385.09M | $42.76M |
| 2016-12-31 | $424.91M | $32.72M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-03
- Consensus EPS estimate
- $1.63
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-07-30 | Jun/2026 | $0.59 |
| 2026-05-05 | Mar/2026 | $-0.27 |
| 2026-02-19 | Dec/2025 | $-1.01 |
| 2025-11-04 | Sep/2025 | $1.21 |
| 2025-08-07 | Jun/2025 | $1.01 |
| 2025-05-01 | Mar/2025 | $-0.34 |
| 2025-02-20 | Dec/2024 | $-1.19 |
| 2024-11-11 | Sep/2024 | $1.58 |
Filings and sources
- Company website
- livenationentertainment.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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