Live Nation Entertainment, Inc. LYV

Communication services SIC 7900 - Services-Amusement & Recreation Services NAICS Arts, Entertainment, and Recreation › Amusement, Gambling, and Recreation Industries › Other Amusement and Recreation Industries derived NYSE

We believe that we are the largest live entertainment company in the world, connecting over 805 million fans across all of our concerts and ticketing platforms in 55 countries during 2025.

We believe we are the largest producer of live music concerts in the world, based on total fans that attend Live Nation events as compared to events of other promoters, connecting 159 million fans to over 11,000 artists at 55,000 events in 2025. Live Nation owns, operates, has exclusive booking rights for or has an equity interest in 460 venues globally, including House of Blues® music venues and prestigious locations such as The Fillmore® in San Francisco, Brooklyn Bowl® in New York City, the Hollywood Palladium in Los Angeles, the Moody Center© arena in Austin, the Ziggo Dome in Amsterdam, 3Arena in Dublin, Royal Arena in Copenhagen and Spark Arena in Auckland. We believe we are one of the world's leading artist management companies based on the number of artists represented. Our artist management companies manage music artists and acts across all music genres.

Last close 173.44 2026-10-23
Market cap $40.87B 2026-06-30 share count
52-week range 125.34 - 189.25

Valuation FY2025 figures against the last close

P/S1.6x
P/E—
P/FCF122.5x
EV/EBITDA25.1x
Dividend yield—
Diluted EPS-0.24

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $25.20B$23.16B$22.73B$16.68B$6.27B$1.86B$11.55B$10.79B$9.69B$7.83B
SG&A $4.09B$4.04B$3.52B$2.96B$1.75B$1.52B$2.15B$2.00B$1.91B$1.55B
Operating income $1.25B$824.5M$1.08B$722.0M-$417.9M-$1.65B$324.8M$272.5M$91.4M$194.9M
Interest expense $316.0M$326.0M$350.2M$278.5M$282.4M$226.8M$157.5M$141.0M$107.8M$106.5M
Pre-tax income $1.03B$739.4M$913.3M$490.5M-$611.3M-$1.86B$185.1M$131.1M-$9.4M$48.3M
Income tax $339.8M$391.7M$209.5M$115.9M$2.5M$28.9M$66.9M$40.8M$17.2M$28.0M
Net income $496.0M$896.3M$556.9M$266.4M-$650.9M-$1.72B$69.9M$60.2M-$6.0M$2.9M
EPS, basic -0.242.771.350.53-3.09-8.12————
EPS, diluted -0.242.741.340.52-3.09-8.12-0.02-0.09-0.48-0.23
Shares, diluted (wtd. avg.) 231.8M236.4M231.0M231.6M217.2M212.3M————

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $7.09B$6.10B$6.24B$5.62B$4.89B$2.55B$2.47B$2.38B$1.83B$1.53B
Receivables $2.01B$1.75B$2.02B$1.47B$1.07B$486.7M$994.6M$829.3M$725.3M$568.9M
Inventory $56.6M$50.1M$45.1M$38.7M$33.8M$22.0M$16.1M$12.6M$17.5M$15.1M
Total current assets $10.97B$9.29B$9.53B$8.16B$6.68B$3.65B$4.19B$3.85B$3.15B$2.67B
Property, plant and equipment $3.42B$2.44B$2.10B$1.49B$1.09B$1.10B$1.12B$946.6M$885.9M$751.5M
Goodwill $2.89B$2.62B$2.69B$2.53B$2.59B$2.13B$2.00B$1.82B$1.75B$1.75B
Other intangibles $1.08B$985.8M$1.16B$1.05B$1.03B$855.6M$870.1M$661.5M$729.3M$812.0M
Total assets $22.91B$19.64B$19.03B$16.46B$14.40B$10.59B$10.98B$8.50B$7.50B$6.76B
Accounts payable $253.3M$243.0M$267.5M$180.1M$110.6M$86.4M$100.2M$90.3M$85.7M$55.0M
Total current liabilities $11.03B$9.36B$9.98B$8.30B$6.86B$3.80B$4.11B$3.75B$3.58B$2.46B
Retained earnings -$1.04B-$1.55B-$2.44B-$2.97B-$3.33B-$2.68B-$949.3M-$1.02B-$1.08B-$1.07B
Total equity $271.0M$173.3M$552.0M$65.0M-$192.5M-$133.8M$1.46B$1.34B$1.42B$1.35B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.40B$1.73B$1.36B$1.84B$1.78B-$1.08B$469.8M$941.6M$623.5M$598.7M
Depreciation and amortisation $374.3M$300.0M$266.6M$225.8M$222.8M$245.7M$220.5M$185.4M$149.6M$139.3M
Stock-based compensation $155.2M$110.3M$116.0M$110.0M$209.3M$116.9M$48.8M$45.6M$42.8M$32.7M
Capital expenditure $1.06B$646.6M$438.6M$347.2M$152.7M$213.7M$323.6M$239.8M$238.4M$173.8M
Investing cash flow -$1.23B-$854.3M-$695.8M-$784.7M-$567.0M-$224.1M-$691.0M-$496.9M-$327.6M-$426.5M
Financing cash flow $406.5M-$658.5M-$87.3M-$143.3M$1.17B$1.35B$328.9M$188.8M-$127.1M$99.2M
Buybacks $23.5M$0$0———————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-174146.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10B 0 10B 20B 30B Revenue, FY2016: 7.8B Net income, FY2016: 2.9M Revenue, FY2017: 9.7B Net income, FY2017: -6M Revenue, FY2018: 10.8B Net income, FY2018: 60.2M Revenue, FY2019: 11.5B Net income, FY2019: 69.9M Revenue, FY2020: 1.9B Net income, FY2020: -1.7B Revenue, FY2021: 6.3B Net income, FY2021: -650.9M Revenue, FY2022: 16.7B Net income, FY2022: 266.4M Revenue, FY2023: 22.7B Net income, FY2023: 556.9M Revenue, FY2024: 23.2B Net income, FY2024: 896.3M Revenue, FY2025: 25.2B Net income, FY2025: 496M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $7.83B $9.69B $10.79B $11.55B $1.86B $6.27B $16.68B $22.73B $23.16B $25.20B
Gross profit — — — — — — — — — —
Net income $2.9M -$6.0M $60.2M $69.9M -$1.72B -$650.9M $266.4M $556.9M $896.3M $496.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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