Live Nation Entertainment vs Netflix
Netflix is the larger business, with $45.18bn of revenue in fiscal 2025 against $25.20bn for Live Nation Entertainment (1.8 times as much). Netflix grew faster (15.9% against 8.8%). Netflix kept more of each dollar of sales as profit: a net margin of 24.3% against 2.0%. Netflix carries less debt relative to equity (54.3% against 3051.1%).
| Latest fiscal year | Live Nation EntertainmentLYV, 2025 | NetflixNFLX, 2025 |
|---|---|---|
| Revenue | $25.20bn | $45.18bn |
| Revenue growth | 8.8% | 15.9% |
| Net income | $496m | $10.98bn |
| Operating margin | 5.0% | 29.5% |
| Net margin | 2.0% | 24.3% |
| Return on equity | — | 42.8% |
| Free cash flow | $334m | $9.46bn |
| Cash | $7.09bn | $9.03bn |
| Total debt | $8.27bn | $14.46bn |
| Debt to equity | 3051.1% | 54.3% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $23.5m | $9.13bn |
| Employees | 17,700 | 16,000 |
| Market value | $42.00bn | $258.86bn |
| Price vs our value range | — | Within our value range |
| Moat score | 26 (Weak) | 58 (Moderate) |
| Insider trades, 12 months | 0 buys, 13 sales | 0 buys, 102 sales |