LYV
Live Nation Entertainment, Inc.
Communication Services · Entertainment
NYSE
$150.52
52W $113 – $175
71.4×
P/E TTM
-0.62
PEG
106.2×
P/FCF
19.5×
P/Book
1.4×
P/Sales
19.4×
EV/EBITDA
120.8×
EV/FCF
1.6×
EV/Sales
Div Yield
2.0%
Net Margin
1.3%
FCF Margin
7.3%
ROIC
$150.52
USDFY2025FY2024FY2023FY2022FY2021
Revenue25.20B23.16B22.73B16.68B6.27B
YoY Growth+8.8%+1.9%+36.2%+166.1%
Gross Profit5.80B5.83B5.48B4.33B1.91B
Gross Margin23.0%25.2%24.1%26.0%30.5%
R&D
SG&A4.09B4.10B3.56B2.96B1.75B
EBIT1.35B1.07B1.26B769.01M(328.83M)
EBIT Margin5.3%4.6%5.6%4.6%-5.2%
D&A727.26M549.92M516.80M449.98M416.28M
EBITDA2.07B1.62B1.78B1.22B87.45M
EBITDA Margin8.2%7.0%7.8%7.3%1.4%
Net Income495.97M896.29M556.89M266.44M(650.90M)
Net Margin2.0%3.9%2.5%1.6%-10.4%
EPS (diluted)$-0.24$2.74$1.34$0.64$-3.09
Shares (dil., M)232236231232217

Company Brief

Live Nation Entertainment, Inc. operates as a live entertainment company. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues; 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 clients for tickets and event information through its primary websites livenation.com and ticketmaster.com, as well as provides ticket resale services. This segment sells tickets for its events, as well as for third-party clients in various live event categories, such as arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters through websites, mobile apps, and ticket outlets. The Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertising, including signage, promotional programs, rich media offering that comprise advertising related with live streaming and music-related content; and ads across its 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. As of December 31, 2021, it owned, operated, or leased 165 entertainment venues in North America and 94 entertainment venues internationally. 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.

CEOMichael RapinoEmployees16,200IPO Date2005-12-21CountryUSWebsitewww.livenationentertainment.com
Profitability (TTM)
Gross Margin45.4%
EBITDA Margin8.0%
EBIT Margin5.3%
Net Margin2.0%
FCF Margin1.3%
ROE157.7%
ROIC7.3%
ROA2.2%
ROCE11.5%
Asset Turnover1.10×
Capital Efficiency (TTM)
ROIC7.3%
ROE157.7%
ROA2.2%
ROCE11.5%
Asset Turnover1.10×
FCF Margin1.3%
Net Margin2.0%
Ownership
Insider buys (12m)
Insider sells (12m)1 / 944 sh
Float67.3%
Shares Out.232.4M
Analyst Price Targets
Mean Target$180.20
Median Target$180.50
High Target$198
Low Target$155
vs. Mean+19.7%
Buy / Hold / Sell
Balance Sheet
Cash & ST Invest.$7.1B
Total Debt$12.4B
Net Cash / (Debt)-$5.3B
Total Assets$22.9B
Total Equity$271.0M
Goodwill & Intang.$4.3B
Tangible Book/sh$-10.69
Liquidity & Leverage
Current Ratio1.00×
Quick Ratio0.99×
D/E Ratio45.91×
Debt / Assets54.3%
Net Debt / EBITDA2.65×
Interest Coverage4.33×
Beta (5yr)1.15
Growth (CAGR)
Revenue 1yr+8.8%
Revenue 3yr+14.7%
Revenue 5yr+41.6%
EPS 1yr+104.5%
EPS 3yr+106.9%
EPS 5yr+106.9%
FCF 5yr-32.6%
Dividend 5yr
Dividends

No dividend paid.

Capital Allocation (last FY)
Capex$1.1B
Capex / Revenue4.2%
SBC$155.2M
Dividends Paid$0
Buybacks$23.5M
Data: Financial Modeling Prep · Not investment adviceUpdated 3/31/2026