Live Nation Entertainment
LYV NYSE· Movies & Entertainment
Last close · Oct 27, 2026
$171.97
KIRA · Stoqly’s AI analyst, in plain words
- Live Nation Entertainment had $25.2B of revenue in fiscal 2025, up 8.8% on the year before. Over five years, revenue changed +68.4% a year on average.
- Its operating margin was 5.0%, up 1.4 pts: of every 100 in sales, about 5 is left after running the business.
- Live Nation Entertainment made $496M of net profit in fiscal 2025.
- Free cash flow was $334M in fiscal 2025, 1.3% of revenue.
- Live Nation Entertainment returned $23.5M to shareholders in fiscal 2025, 7% of free cash flow. The diluted share count fell 1.9%.
- Live Nation Entertainment owes $1.1B more than it holds in cash, about 0.6 years of operating profit.
Market cap
$42.0B
P/E
—
Revenue
$25.2B
Net income
$496M
Free cash flow
$334M
Operating margin
5.0%
Live Nation Entertainment in 30 seconds · fiscal 2025
Are sales growing?
+8.8%
Yes. Sales grew 8.8% last year.
Does it make a profit?
2.0%
A little. It keeps 2.0% of every sale as profit.
Does profit turn into cash?
1.3%
Partly. 1.3% of sales ends up as free cash.
Is debt under control?
0.6x
Yes. It could repay its debt with 0.6 years of operating profit.
How healthy are the accounts?
6 / 8
Mixed. It passes 6 of 8 health tests.
What Live Nation Entertainment does
Live Nation promotes concerts, runs venues and sells tickets. It says it is the largest producer of live music concerts in the world, and that it owns, operates, has exclusive booking rights for or has an equity interest in 460 venues, including House of Blues clubs and The Fillmore in San Francisco. Its artist management companies represent music artists across genres. The company's core businesses are the promotion of live events, ticketing, and sponsorship and advertising. It earns money from ticket sales and fees, from fans spending at its venues on food, drinks and merchandise, and from sponsors and advertisers that want to reach concertgoers. Its Ticketmaster unit sells tickets through its websites, mobile apps and retail outlets for arenas, stadiums, sports teams and other event organizers, and distributed 646 million tickets in 2025. Live Nation says it connected over 805 million fans across its concerts and ticketing platforms in 55 countries in 2025.
Biggest risks, in its own words
- Changes in public tastes, and its ability to secure popular artists and live music events.
- Intense competition in live music and ticketing that could stop it from keeping or growing its revenue.
- Its dependence on relationships with key promoters, executives, agents, managers and artists.
- Its ability to lease, buy and build venues on acceptable terms.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 19, 2026
- Legal name
- LIVE NATION ENTERTAINMENT, INC.
- CIK
- 0001335258
Live Nation Entertainment · LYV
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $6.3B | $16.7B | $22.7B | $23.2B | $25.2B |
| Revenue growth | 236.8% | 166.1% | 36.2% | 1.9% | 8.8% |
| Operating margin | −6.7% | 4.3% | 4.8% | 3.6% | 5.0% |
| Net income | −$651M | $266M | $557M | $896M | $496M |
| Net margin | −10.4% | 1.6% | 2.5% | 3.9% | 2.0% |
| Diluted EPS | −$3.09 | $0.52 | $1.34 | $2.74 | −$0.24 |
| Cash | |||||
| Cash from operations | $1.8B | $1.8B | $1.4B | $1.7B | $1.4B |
| Capital expenditure | $153M | $347M | $439M | $647M | $1.1B |
| Free cash flow | $1.6B | $1.5B | $924M | $1.1B | $334M |
| FCF margin | 26.0% | 8.9% | 4.1% | 4.7% | 1.3% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $23.5M |
| Share count change | 2.3% | 6.6% | −0.3% | 2.3% | −1.9% |
| Debt and strength | |||||
| Cash and short-term investments | $4.9B | $5.6B | $6.2B | $6.1B | $7.1B |
| Debt incl. finance leases | $5.7B | $5.9B | $6.6B | $6.4B | $8.2B |
| Shareholders' equity | −$583M | −$368M | −$52.3M | $173M | $271M |
| Net debt / EBITDA | — | 0.3x | 0.2x | 0.3x | 0.6x |
| Current ratio | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x |
| Interest coverage | −1.5x | 2.6x | 3.1x | 2.5x | 4.0x |
| Returns and quality | |||||
| Return on capital | −22.8% | — | — | — | — |
| Piotroski F-score | 5 | 7 | 7 | 6 | 6 |
| Altman Z'' | −1.0 | −0.4 | −0.2 | 0.1 | 0.3 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$27.0M
4 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Live Nation Entertainment · LYV
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Live Nation Entertainment LYV | $42.0B | 8.8% | 5.0% | 1.3% | — | — | 6 |
| Netflix NFLX | $262.3B | 15.9% | 29.5% | 20.9% | 36.7% | 18.1x | 7 |
| Disney DIS | $192.1B | 3.4% | 18.6% | 10.7% | 11.8% | 22.7x | 7 |
| Warner Music Group WMG | — | 4.4% | 10.4% | 8.0% | 12.2% | — | — |
| AMC Entertainment AMC | $2.2B | 4.6% | −0.4% | −7.6% | −0.8% | — | 2 |
KIRA
At $171.97 a share, the company is worth $42.0B.
Live Nation Entertainment grew sales faster than 3 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0001335258). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.