Live Nation Entertainment income statement
In fiscal 2025, Live Nation Entertainment reported revenue of $25.20bn, up 8.8% on the year before, operating income of $1.25bn (a 5.0% margin) and net income of $496m, or −$0.24 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Selling, general and administrative | 0.6 | 1.0 | 1.1 | 1.1 | 1.2 | 1.3 | 1.4 | 1.5 | 1.9 | 2.0 | 2.1 | 1.5 | 1.8 | 3.0 | 3.5 | 4.0 | 4.1 | 4.4 |
| 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 |
| Interest expense | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.3 | 0.4 | 0.3 | 0.3 | 0.4 |
| Income before tax | −0.1 | −0.2 | −0.1 | −0.1 | −0.0 | −0.1 | 0.0 | 0.0 | −0.0 | 0.1 | 0.2 | −1.9 | −0.6 | 0.5 | 0.9 | 0.7 | 1.0 | 0.7 |
| Income tax | 0.0 | 0.0 | −0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −0.0 | 0.0 | 0.1 | −0.0 | −0.0 | 0.1 | 0.2 | −0.4 | 0.3 | 0.3 |
| 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 |
| Diluted shares (average) | 165m | 164m | 182m | 187m | 194m | 199m | 201m | 202m | 205m | 207m | 210m | 212m | 217m | 232m | 231m | 236m | 232m | 235m |
| 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 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7,651 | 5,682 | 3,382 | 7,007 | 8,499 | 6,314 | 3,793 | 7,667 |
| Selling, general and administrative | 1,005 | 1,131 | 779 | 1,003 | 1,008 | 1,301 | 962 | 1,135 |
| Operating income | 640 | −239 | 115 | 487 | 792 | −143 | −371 | 522 |
| Interest expense | 88 | 77 | 80 | 72 | 80 | 83 | 91 | 97 |
| Income before tax | 586 | −301 | 66 | 420 | 730 | −186 | −412 | 519 |
| Income tax | 70 | −583 | 20 | 118 | 252 | −49 | −32 | 116 |
| Net income | 452 | 201 | 23 | 243 | 431 | −202 | −389 | 294 |
| Diluted EPS | $1.66 | $0.56 | −$0.32 | $0.41 | $0.73 | −$1.06 | −$1.85 | $1.05 |
| EBITDA | 777 | −97 | 264 | 646 | 958 | 22 | −201 | 710 |
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