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Live Nation Entertainment (LYV) stock

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NYSE: LYV NYSE Movies & Entertainment Next results ~November 5, 2026

C+ Fundamentals grade

Live Nation Entertainment is a US-listed company in the movies & entertainment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$41

Forward price-to-earnings vs peers

Base case. Range ~$30–$72. Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings.

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

Live Nation Entertainment valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Live Nation Entertainment files

Where Live Nation Entertainment stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $26.3bn, up 10.8% on a year earlier, slower than 12.6% a quarter earlier. Free-cash-flow margin held at 5.3%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 0 of our 2 financial-health checks. Our cash-flow model value is $136 a share, against a share price of $174. At that price, our model says the market is pricing in about 16.6% a year of cash-flow growth for five years, slower than the 33.2% a year revenue growth it has delivered.

Source: 10-Q filed July 30, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Live Nation Entertainment's trailing-twelve-month revenue grew 10.8% year on year, with a free-cash-flow margin of 5.3%.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 23.3% while net income fell 85.3%: a 109pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $2.8bn.

Things to watch

  • High earnings multiple. The shares trade at 308 times the last 12 months' earnings, so expectations are demanding.
  • Insiders selling. 4 insiders sold $27M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Heavily shorted. 15.4% of the shares available to trade are sold short (12.4 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 12.0% over 90 days.

Latest results: FY2026 Q2

Filed July 30, 2026
Earnings per share
$1.05 against an average estimate of $0.57: beat by 82.9%
Revenue
$7.67bn, up 9.4% on a year earlier
Share reaction
-5.6% in the first session after the results on July 30, 2026, against +2.4% for the S&P 500
Guidance given
full-year fan attendance growth growth 10% (Full-year); pre-opening costs for venues under development $50m (2026)
Next report
November 5, 2026; average EPS estimate $1.50

Live Nation Entertainment's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.4%
  • 1 week+2.6%
  • 1 month+5.0%
  • This year+24.3%
  • 1 year+18.5%
  • 5 years+68.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$26.3B
Operating margin
3.0%
Net margin
0.5%
EPS (TTM, diluted)
$0.57

Growth

Revenue growth
+10.8%
Change in growth rate
−1.9 pts
Share count change
+0.2%

Cash

Free cash flow (TTM)
$1.4B
FCF margin
5.3%
Stock pay % of revenue
0.6%

Earnings

Last results
July 30, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement
  2. Announcement
  3. Leadership
  4. Leadership
  5. Results
  6. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Live Nation Entertainment valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value Live Nation Entertainment as an operating company, with every model that fits that kind of business. Cost of equity 9.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.92 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$41 ~$30–$72 Primary model, counts double
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$1.0 ~$0.7–$1.5 Left out: out of range vs price (0.01x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$0.8 ~$0.7–$1.0 Left out: out of range vs price (0.00x)
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — 0 Does not apply: no positive value
Cash-flow model (DCF) Free cash flow after stock pay, grown then faded to 2.5%, discounted at 8.5%. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Combined value Weighted average of the models that apply: the primary model (forward price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$41 ~$30–$72 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Live Nation Entertainment with Movies & Entertainment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$24.57$26.60$42.57$49.25$71.47$73.48$119.69$69.74$93.60$129.50$142.50$177.15
Market value$4.9bn$5.4bn$8.7bn$10.2bn$15.0bn$15.6bn$26.0bn$16.1bn$21.6bn$30.6bn$33.0bn$41.5bn
+ Net debt (− = net cash)$777m$838m$513m$538m$933m$2.5bn$946m$349m$732m$396m$1.2bn$210m
Enterprise value$5.7bn$6.2bn$9.2bn$10.8bn$15.9bn$18.1bn$26.9bn$16.5bn$22.4bn$31.0bn$34.2bn$41.8bn
Multiples
Price / sales 0.7x0.7x0.9x0.9x1.3x8.4x4.1x1.0x1.0x1.3x1.3x1.6x
Price / earnings —n/m—169.6xn/m——60.6x38.8x34.1x66.6xn/m
Price / free cash flow 29.9x12.7x22.7x14.6x102.7x—16.0x10.9x23.4x28.4x99.0x30.0x
EV / EBITDA 10.8x12.1x19.9x16.3x20.7x——14.1x14.0x22.6x18.1x28.0x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

26 /100

Weak moat

How hard Live Nation Entertainment's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 0.6% of total assets over 10 years.

  • Durability 0 / 20

    Operating margin has been a median 2.9%; its worst year was -102.7%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 9 of 10 years, at a median 5.0% of revenue.

  • Discipline 14 / 20

    The diluted share count rose 9.5% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (31 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $9.6bn and EPS of $1.50 (range $1.30 to $1.66) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.45 −90% $28.1bn +12%
Next $1.90 +518% $30.7bn +9%

Next year's EPS estimate has moved −12.0% in 90 days, across 16 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −15.5% on 90 days ago. In the last 30 days, 2 analysts raised Live Nation Entertainment's forecast and 2 cut it.

Consensus EPS forecast Live Nation Entertainment, last 90 days
−$1.00 $0.00 $1.00 $2.00 $3.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.54 Current fiscal year, 60 days ago: −$0.44 Current fiscal year, 30 days ago: −$0.44 Current fiscal year, 7 days ago: −$0.45 Current fiscal year, Now: −$0.45 −$0.45 Next fiscal year, 90 days ago: $2.16 Next fiscal year, 60 days ago: $1.89 Next fiscal year, 30 days ago: $1.89 Next fiscal year, 7 days ago: $1.90 Next fiscal year, Now: $1.90 $1.90

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.54$2.16
60 days ago −$0.44$1.89
30 days ago −$0.44$1.89
7 days ago −$0.45$1.90
Now −$0.45$1.90

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.57 $1.05 +82.9%
Mar 2026 −$0.32 −$1.85 −485.7%
Dec 2025 −$1.05 −$1.06 −1.2%
Sept 2025 $1.49 $0.73 −51.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 30, 2026
  • Full-year fan attendance growth · Concerts Full-year about 10% growth
    “Full-year fan attendance is now projected to grow 10%, with expected attendance at operated venues up double digits and third-party venues up high single digits” source
  • Pre-opening costs for venues under development · Venue Nation 2026 about $50m
    “2026 pre-opening costs for all venues under development expected to be approximately $50 million, with current projects on track to achieve 20%+ IRRs” source
  • Full year capital expenditures Full year about $1.1bn
    “Full year capital expenditures now projected to be $1.1 billion, toward the lower end of our initial range due to timing of projects:” source
  • Capital expenditures for venue expansion and enhancement projects Full year about $800m
    “$800 million of total capital expenditures is for venue expansion and enhancement projects” source
  • Funding from JV partners, sponsorship agreements, and other sources reducing venue cash requirements · Venue expansion and enhancement Full year about $200m
    “Approximately $200 million from funding by joint-venture partners, sponsorship agreements, and other sources will reduce venue cash requirements” source
  • Depreciation and amortization growth full year 12% growth to 15% growth
    “Depreciation and amortization expected to grow 12-15%” source
Show 4 more items
  • Net interest expense full year about $280m
    “Net interest expense is expected to be approximately $280 million” source
  • Income tax expense as % of AOI full year 15% to 20%
    “Income tax expense is expected to be 15-20% of AOI, with cash taxes projected to be 80% of that amount” source
  • Cash taxes as % of income tax expense full year about 80%
    “Income tax expense is expected to be 15-20% of AOI, with cash taxes projected to be 80% of that amount” source
  • Noncontrolling interest expense full year about $325m
    “Noncontrolling interest expense is expected to be approximately $325 million for the full year and its growth will follow the timing of AOI growth.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

25 analysts, Oct 2026
Buy2080%
Hold312%
Sell28%

Monthly trend

  1. Oct 2026317325
  2. Sep 2026317325
  3. Aug 2026317325
  4. Jul 2026317325

Counts of recommendations published by analysts covering Live Nation Entertainment, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
15.4%
of tradable shares
Days to cover
12.4
at average volume
Short interest, 1 month
+5%
to October 15, 2026
Held by institutions
86%
of shares
Held by insiders
32.4%
of shares
Employees
17,700
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +18.5%

$149.53 on October 31, 2025 to $177.15

ThenNowEffect
Revenue (last 12 months) $23.7bn $26.3bn +10.8%
Net margin 3.9% 0.5% −86.8%
P/E multiple 38.1x n/m +710.0%
Share count 234m 235m −0.2%

Biggest factor: p/e multiple.

Last 3 years +107.5%

$85.36 on November 3, 2023 to $177.15

ThenNowEffect
Revenue (last 12 months) $19.2bn $26.3bn +36.9%
Net margin 2.1% 0.5% −75.2%
P/E multiple 50.1x n/m +515.6%
Share count 233m 235m −0.6%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
LYV+63%−42%+34%+38%+10%+24%
Industry peers (median)−7%−43%+4%+24%+5%+10%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
LYV58%25%42%67%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
LYV−20%−48%−22%−18%−28%−12%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 61% from February 19, 2020 to March 18, 2020. Getting back needed a 158% gain, reached on January 19, 2021, 307 days after the low.

Price behaviour

52-week range
$125.61 – $188.46
From 52-week high
−6.0%
vs 50-day average
+2.3%
vs 200-day average
+6.2%
Volatility (1 year)
31%
Beta vs S&P 500
0.67

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
9 up, 3 down
typical move ±4.4%
After a week
8 up, 4 down
typical move ±5.6%
After a month
8 up, 4 down
typical move ±7.6%
Results releasedNext dayS&P 500 next day5 days21 days
July 30, 2026 −5.6% +2.4% −1.4% −1.5%
May 5, 2026 +6.5% +2.2% +5.1% +2.2%
February 19, 2026 +4.4% +0.5% +1.4% −4.4%
November 4, 2025 −10.0% −0.8% −5.3% −6.8%
August 7, 2025 +2.6% +0.7% +8.2% +13.5%
May 1, 2025 +1.0% +2.2% +1.7% +4.6%
February 20, 2025 −2.8% −2.1% −8.3% −19.9%
November 12, 2024 +2.6% −0.3% +8.6% +9.7%
July 30, 2024 +0.8% +1.1% −5.7% +1.6%
May 2, 2024 +6.0% +2.2% +8.7% +5.7%
February 22, 2024 +4.5% +2.1% +6.3% +16.2%
November 2, 2023 +6.2% +2.8% +7.1% +4.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Live Nation Entertainment in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Live Nation Entertainment
$20B $22B $24B $26B $28B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $21.2B Revenue (TTM), FY23 Q4: $22.7B Revenue (TTM), FY24 Q1: $23.4B Revenue (TTM), FY24 Q2: $23.8B Revenue (TTM), FY24 Q3: $23.3B Revenue (TTM), FY24 Q4: $23.2B Revenue (TTM), FY25 Q1: $22.7B Revenue (TTM), FY25 Q2: $23.7B Revenue (TTM), FY25 Q3: $24.6B Revenue (TTM), FY25 Q4: $25.2B Revenue (TTM), FY26 Q1: $25.6B Revenue (TTM), FY26 Q2: $26.3B $26.3B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $21.2B
FY23 Q4 $22.7B
FY24 Q1 $23.4B
FY24 Q2 $23.8B
FY24 Q3 $23.3B
FY24 Q4 $23.2B
FY25 Q1 $22.7B
FY25 Q2 $23.7B
FY25 Q3 $24.6B
FY25 Q4 $25.2B
FY26 Q1 $25.6B
FY26 Q2 $26.3B
Revenue growth, TTM YoY Live Nation Entertainment
-20% 0% 20% 40% 60% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 40.4% Revenue growth, TTM YoY, FY23 Q4: 36.2% Revenue growth, TTM YoY, FY24 Q1: 30.0% Revenue growth, TTM YoY, FY24 Q2: 24.0% Revenue growth, TTM YoY, FY24 Q3: 9.9% Revenue growth, TTM YoY, FY24 Q4: 1.9% Revenue growth, TTM YoY, FY25 Q1: -2.8% Revenue growth, TTM YoY, FY25 Q2: -0.3% Revenue growth, TTM YoY, FY25 Q3: 5.5% Revenue growth, TTM YoY, FY25 Q4: 8.8% Revenue growth, TTM YoY, FY26 Q1: 12.6% Revenue growth, TTM YoY, FY26 Q2: 10.8% 10.8%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 40.4%
FY23 Q4 36.2%
FY24 Q1 30.0%
FY24 Q2 24.0%
FY24 Q3 9.9%
FY24 Q4 1.9%
FY25 Q1 -2.8%
FY25 Q2 -0.3%
FY25 Q3 5.5%
FY25 Q4 8.8%
FY26 Q1 12.6%
FY26 Q2 10.8%
Operating margin (TTM) Live Nation Entertainment
2.5% 3% 3.5% 4% 4.5% 5% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 4.9% Operating margin (TTM), FY23 Q4: 4.8% Operating margin (TTM), FY24 Q1: 3.9% Operating margin (TTM), FY24 Q2: 4.2% Operating margin (TTM), FY24 Q3: 4.2% Operating margin (TTM), FY24 Q4: 3.6% Operating margin (TTM), FY25 Q1: 4.3% Operating margin (TTM), FY25 Q2: 4.2% Operating margin (TTM), FY25 Q3: 4.7% Operating margin (TTM), FY25 Q4: 5.0% Operating margin (TTM), FY26 Q1: 3.0% Operating margin (TTM), FY26 Q2: 3.0% 3.0%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 4.9%
FY23 Q4 4.8%
FY24 Q1 3.9%
FY24 Q2 4.2%
FY24 Q3 4.2%
FY24 Q4 3.6%
FY25 Q1 4.3%
FY25 Q2 4.2%
FY25 Q3 4.7%
FY25 Q4 5.0%
FY26 Q1 3.0%
FY26 Q2 3.0%
FCF margin (TTM) Live Nation Entertainment
0% 2% 4% 6% 8% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 5.7% FCF margin (TTM), FY23 Q4: 4.1% FCF margin (TTM), FY24 Q1: 3.2% FCF margin (TTM), FY24 Q2: 2.3% FCF margin (TTM), FY24 Q3: 2.8% FCF margin (TTM), FY24 Q4: 4.7% FCF margin (TTM), FY25 Q1: 6.0% FCF margin (TTM), FY25 Q2: 4.7% FCF margin (TTM), FY25 Q3: 6.6% FCF margin (TTM), FY25 Q4: 1.3% FCF margin (TTM), FY26 Q1: 4.7% FCF margin (TTM), FY26 Q2: 5.3% 5.3%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 5.7%
FY23 Q4 4.1%
FY24 Q1 3.2%
FY24 Q2 2.3%
FY24 Q3 2.8%
FY24 Q4 4.7%
FY25 Q1 6.0%
FY25 Q2 4.7%
FY25 Q3 6.6%
FY25 Q4 1.3%
FY26 Q1 4.7%
FY26 Q2 5.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Live Nation Entertainment took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $25.2B
  2. Selling, general and admin $4.1B · 16.2%
  3. Other operating costs $19.9B · 78.8%
  4. Operating income $1.3B · 5.0%
  5. Income tax $340M · 1.3%
  6. Interest and other $415M · 1.6%
  7. Net income $496M · 2.0%

Shares of revenue. Source: Live Nation Entertainment's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 4.2 5.1 5.4 5.8 6.5 6.9 7.2 7.8 9.7 10.8 11.5 1.9 6.3 16.7 22.7 23.2 25.2 26.3
EBITDA 0.1 0.3 0.4 0.4 0.5 0.4 0.5 0.5 0.5 0.7 0.8 −1.2 −0.0 1.2 1.6 1.4 1.9 1.5
Operating income −0.1 −0.1 0.0 −0.0 0.1 0.0 0.1 0.2 0.1 0.3 0.3 −1.7 −0.4 0.7 1.1 0.8 1.3 0.8
Net income −0.1 −0.2 −0.1 −0.2 −0.0 −0.1 −0.0 0.0 −0.0 0.1 0.1 −1.7 −0.7 0.3 0.6 0.9 0.5 0.1
Diluted EPS −$0.36 −$1.39 −$0.46 −$0.88 −$0.23 −$0.49 −$0.33 −$0.23 −$0.48 −$0.09 −$0.02 −$8.12 −$3.09 $0.52 $1.34 $2.74 −$0.24 $0.57
Growth (year on year)
Revenue — +21.1% +6.3% +8.1% +11.3% +6.0% +5.5% +8.0% +23.8% +11.4% +7.0% −83.9% +236.8% +166.1% +36.2% +1.9% +8.8% +10.8%
EBITDA — +143.9% +40.1% +12.9% +24.7% −26.2% +40.8% −2.9% −9.7% +42.2% +16.7% −251.9% — — +36.7% −14.2% +37.5% −6.3%
Operating income — — — — — −94.9% — — −53.1% — +19.2% −608.9% — — +50.3% −24.0% +51.8% −20.0%
Net income — — — — — — — — — — — — — — — +60.9% −44.7% −85.3%
Diluted EPS — — — — — — — — — — — — — — — +104.5% −108.8% −85.4%
Margins
EBITDA margin 2.5% 5.1% 6.7% 7.0% 7.9% 5.5% 7.3% 6.6% 4.8% 6.1% 6.7% −62.8% −0.0% 7.0% 7.0% 5.9% 7.5% 5.7%
Operating margin −1.3% −1.3% 0.3% −0.4% 2.2% 0.1% 1.8% 2.5% 0.9% 2.5% 2.8% −88.8% −6.7% 4.3% 4.8% 3.6% 5.0% 3.0%
Net margin −1.4% −4.5% −1.5% −2.8% −0.7% −1.3% −0.4% 0.0% −0.1% 0.6% 0.6% −92.7% −10.4% 1.6% 2.5% 3.9% 2.0% 0.5%
Free-cash-flow margin −0.2% 1.6% 0.5% 4.2% 4.6% 2.2% 2.3% 5.4% 4.0% 6.5% 1.3% −69.7% 26.0% 8.9% 4.1% 4.7% 1.3% 5.3%
Cash flow
Cash from operations 0.1 0.2 0.1 0.4 0.4 0.3 0.3 0.6 0.6 0.9 0.5 −1.1 1.8 1.8 1.4 1.7 1.4 2.6
Capital spending 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.3 0.2 0.2 0.3 0.4 0.6 1.1 1.2
Free cash flow −0.0 0.1 0.0 0.2 0.3 0.2 0.2 0.4 0.4 0.7 0.1 −1.3 1.6 1.5 0.9 1.1 0.3 1.4
Stock-based pay 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.1 0.1 0.1 0.2 0.2
Free cash flow after stock pay −0.0 0.0 −0.0 0.2 0.3 0.1 0.1 0.4 0.3 0.7 0.1 −1.4 1.4 1.4 0.8 1.0 0.2 1.2
Balance sheet
Cash 0.2 0.9 0.8 1.0 1.3 1.4 1.3 1.5 1.8 2.4 2.5 2.5 4.9 5.6 6.2 6.1 7.1 9.1
Total debt 0.0 1.7 1.7 1.8 1.8 2.1 2.1 2.4 2.3 2.9 3.4 5.0 5.8 6.0 7.0 6.5 8.3 9.3
Net debt (negative = net cash) −0.2 0.8 0.9 0.8 0.5 0.7 0.8 0.8 0.5 0.5 0.9 2.5 0.9 0.3 0.7 0.4 1.2 0.2
Diluted shares 165m 164m 182m 187m 194m 199m 201m 202m 205m 207m 210m 212m 217m 232m 231m 236m 232m 235m
Returned to shareholders
Buybacks 0.0 0.0 0.0 0.0 — — — — — — — — — — 0.0 0.0 0.0 —
Total returned 0.0 0.0 0.0 0.0 — — — — — — — — — — 0.0 0.0 0.0 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 5 checks passed · June 30, 2026
What it owns · $28.2bn
Short-term assets $15.0bnLonger-term assets $13.2bn
What it owes, and who funded it · $17.6bn
Short-term liabilities $17.6bnShareholders' equity $82m
  • Short-term assets cover short-term liabilities $15.0bn of assets due within a year against $17.6bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $9.1bn of cash against $6.2bn of debt.
  • Debt below 40% of shareholders' equity Debt is 7571% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $2.6bn of operating cash flow against $6.2bn of debt.
  • Operating profit covers interest at least five times over Operating income of $801m against $351m of interest.

From Live Nation Entertainment's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Buybacks, last 3 fiscal years
$23.5M
Diluted share count
+0.2%
year over year
Sales & admin spending
16.8%
of revenue
Days sales outstanding
40 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in movies & entertainment
Last 12 months unless stated LYV NFLX WMG DIS ROKU TKO Median
Revenue, last 12 months $26.3bn $49.7bn $7.3bn $98.9bn $5.5bn $5.3bn $1.1bn
Revenue growth, last 12 months 10.8% 14.7% 12.9% 4.6% 21.1% 5.1% 8.5%
Revenue growth, 3-year average 11.0% 15.0% 7.1% 4.0% 17.8% 63.0% 7.1%
Revenue growth, latest quarter 9.4% 11.8% 10.4% 6.8% 24.1% 18.2% 11.3%
Gross margin — 50.7% 45.8% — 45.3% — 33.2%
Operating margin 3.0% 31.3% 13.7% 18.4% 7.8% 18.8% 2.5%
Operating margin, 3-year average 3.8% 28.7% 12.8% 17.9% −0.6% 11.0% −0.6%
Net margin 0.5% 29.7% 9.2% 8.7% 9.3% 4.3% 0.5%
Cash from operations / revenue 9.9% 24.7% 12.9% 17.2% 14.7% 33.9% 9.9%
Free-cash-flow margin 5.3% 22.9% 11.4% 8.4% 14.6% 23.9% 5.3%
Free-cash-flow margin, 3-year average 4.1% 20.8% 10.4% 9.8% 9.4% 10.5% 6.1%
Stock pay / revenue 0.6% 1.1% 1.2% 1.5% 5.8% 2.5% 1.5%
Change in share count 0.2% −0.2% — −2.0% 3.2% — 1.6%

Median of all 25 companies we cover in movies & entertainment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

25 movies & entertainment companies
Measure Company Peer median Rank
Revenue growth Growth 10.8% 8.5% 12 of 25
Change in growth rate Growth -1.9pp +0.7pp 16 of 25
Operating margin Profitability 3.0% 3.0% 12 of 24
Net margin Profitability 0.5% 0.5% 13 of 25
Free-cash-flow margin Cash generation 5.3% 7.1% 14 of 24
Stock pay as % of revenue Cash generation 0.6% 1.5% 6 of 25
Long-term debt as % of assets Balance sheet 22.1% 21.6% 11 of 19
Change in share count Balance sheet 0.2% 1.6% 6 of 19
Days sales outstanding Balance sheet 40 days 35 days 10 of 17

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
Total Domestic Operations $14.3B 56.9% ▼ 0.3%
Total Foreign Operations $10.9B 43.1% ▲ 23.8%
Europe $5.8B 53.5% ▲ 25.8%
Total Other Foreign Operations $5.1B 46.5% ▲ 21.5%

From Live Nation Entertainment's 10-K filed February 19, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$36B
Institutions reporting
846
Shares held vs prior quarter
▲ 0.7%
Positions opened / closed
117 / 85

Top buyers and sellers, Q2 2026: 432 institutions bought and 371 sold ; the biggest buyer was FMR LLC (+2.8M shares) and the biggest seller Canada Pension Plan Investment Board (−4.1M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $2.5B 13.5M 6.9% ▲ 0.3%
State Street Corp $2.1B 11.4M 5.8% ▼ 10.4%
FMR LLC $2B 10.7M 5.5% ▲ 35.5%
Vanguard Capital Management LLC $1.9B 10.6M 5.4% ▲ 0.8%
Principal Financial Group Inc $1.8B 10.0M 5.1% ▼ 10.2%
Vanguard Portfolio Management LLC $1.5B 8.2M 4.2% ▼ 1.8%
Capital International Investors $1.3B 7.2M 3.7% ▲ 1.5%
Bank Of America Corp $1.2B 6.7M 3.4% ▲ 1.6%
Independent Franchise Partners LLP $1.1B 6.0M 3.1% ▲ 2.5%
Morgan Stanley $870M 4.8M 2.4% ▲ 17.5%
Canada Pension Plan Investment Board $859M 4.7M 2.4% ▼ 46.7%
Select Equity Group, L.P. $828M 4.5M 2.3% ▼ 15.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Live Nation Entertainment's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $27M 13 trades by 4 insiders · 0% under pre-set plans
Net ▼ $27M net selling
Insider Date Trade Shares Price Value
Capo Brian Chief Accounting Officer August 24, 2026 Sell 2,900 $184.00 $533,600
Hinson Jeffrey T. Director June 15, 2026 Sell 2,115 $175.00 $370,125
Rowles Michael EVP & General Counsel May 8, 2026 Sell 5,713 $166.36 $950,415
Rowles Michael EVP & General Counsel May 8, 2026 Sell 16,757 $165.98 $2.8M
Rowles Michael EVP & General Counsel May 8, 2026 Sell 3,648 $164.96 $601,774
Rowles Michael EVP & General Counsel May 8, 2026 Sell 37,658 $163.07 $6.1M
Hopmans John EVP, M&A and Strategic Finance May 7, 2026 Sell 4,753 $167.41 $795,700
Hopmans John EVP, M&A and Strategic Finance May 7, 2026 Sell 46,991 $166.60 $7.8M
Hopmans John EVP, M&A and Strategic Finance May 7, 2026 Sell 12,796 $165.81 $2.1M
Hopmans John EVP, M&A and Strategic Finance May 7, 2026 Sell 18,940 $164.37 $3.1M
Hopmans John EVP, M&A and Strategic Finance May 7, 2026 Sell 5,978 $166.78 $997,011
Hopmans John EVP, M&A and Strategic Finance May 7, 2026 Sell 3,620 $166.19 $601,608

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 24 trades and filings

In the last 12 months, 1 member of Congress disclosed 1 purchase and 8 sales of Live Nation Entertainment shares.

  • April McClain Delaney(D-MD 6):Sale (full), $100,001 - $250,000, traded August 25, 2026, filed September 9, 2026
  • April McClain Delaney(D-MD 6):Sale (partial), $1,001 - $15,000, traded August 17, 2026, filed September 9, 2026
  • April McClain Delaney(D-MD 6):Sale (partial), $1,001 - $15,000, traded August 14, 2026, filed September 9, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 1, 2026 estimated from the company's past filing pattern, not announced

  • July 30, 2026
  • May 5, 2026
  • February 19, 2026
  • November 4, 2025
  • August 7, 2025
  • May 1, 2025

Recent SEC filings

Data status

When each part of this page on Live Nation Entertainment was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Live Nation Entertainment in brief

What does Live Nation Entertainment do?
Live Nation Entertainment is a US-listed company in the movies & entertainment industry. Its financial year ends in December.
What is Live Nation Entertainment's stock ticker?
Live Nation Entertainment trades under the ticker LYV on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Live Nation Entertainment's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Live Nation Entertainment reported revenue of $26.3B, 10.8% higher than a year earlier, according to its SEC filings.
What is Live Nation Entertainment's free cash flow?
Live Nation Entertainment's free-cash-flow margin is 5.3% of revenue over the trailing twelve months, ranking 14 of the 24 movies & entertainment companies we cover.
Who are Live Nation Entertainment's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., State Street Corp and FMR LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Live Nation Entertainment's market cap?
On November 2, 2026, Live Nation Entertainment's market capitalisation was about $41.5B, with a price-to-earnings ratio of 308.5 and net debt of $210M. Market figures come from third-party market data and may be delayed.
How much debt does Live Nation Entertainment have?
Live Nation Entertainment's debt-to-equity ratio is 7570.9%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Live Nation Entertainment's competitors?
In our Movies & Entertainment peer group, the companies closest to Live Nation Entertainment are Netflix, Warner Music Group Corp., The Walt Disney Company, Roku, Inc and TKO Group Holdings. The side-by-side comparison below sets their revenue, margins and growth against Live Nation Entertainment's.
Are insiders buying or selling Live Nation Entertainment stock?
Over the last 12 months, Live Nation Entertainment's directors and officers reported 0 open-market purchases and 13 sales on Form 4. The insider trading page charts every trade.
When is Live Nation Entertainment's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Live Nation Entertainment announces its own schedule.