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LYV

Live Nation Entertainment, Inc.

LYV

Live Nation Entertainment, Inc. • NYSE
$131.45 ▲ 0.31% (+0.40)
Market Cap $30.52 B
52w High $175.25
52w Low $112.88
Dividend Yield 0%
P/E 95.25
Volume 931.13K
Outstanding Shares 232.21M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $8.499B ▲ $6.438B ▲ $431.458M ▲ 5.076% ▲ $0.74 ▲ $975.709M ▲
Q2-2025 $7.007B ▲ $1.309B ▲ $243.411M ▲ 3.474% ▲ $0.41 ▲ $651.459M ▲
Q1-2025 $3.382B ▼ $1.012B ▼ $23.203M ▼ 0.686% ▼ $-0.32 ▼ $295.811M ▲
Q4-2024 $5.682B ▼ $1.433B ▲ $200.987M ▼ 3.538% ▼ $0 ▼ $-81.241M ▼
Q3-2024 $7.651B $1.231B $451.805M 5.905% $1.72 $810.874M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $6.751B ▼ $22.888B ▼ $20.906B ▲ $521.34M ▲
Q2-2025 $7.057B ▼ $23.15B ▲ $20.845B ▲ $360.07M ▲
Q1-2025 $7.159B ▲ $21.827B ▲ $19.718B ▲ $105.995M ▼
Q4-2024 $6.095B ▲ $19.639B ▼ $17.693B ▼ $173.263M ▼
Q3-2024 $5.49B $19.747B $17.793B $287.966M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $431.458M ▲ $-95.676M ▼ $-340.341M ▼ $175.672M ▲ $-306.513M ▼ $-350.466M ▼
Q2-2025 $302.741M ▲ $223.471M ▼ $-275.031M ▼ $-325.262M ▼ $-98.646M ▼ $-39.94M ▼
Q1-2025 $46.302M ▼ $1.321B ▲ $-217.395M ▼ $-173.19M ▼ $1.062B ▲ $1.13B ▲
Q4-2024 $281.918M ▼ $1.045B ▲ $-211.483M ▼ $33.91M ▲ $605.306M ▲ $870.107M ▲
Q3-2024 $640.778M $-720.902M $-208.393M $-49.484M $-908.737M $-887.353M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Concerts
Concerts
 $13.92Bn ▲$2.48Bn ▼$5.95Bn ▲$870.00M ▼
Sponsorship and Advertising
Sponsorship and Advertising
 $-3600.00M ▲$220.00M ▲$340.00M ▲$1.40Bn ▲
Ticketing
Ticketing
 $2.15Bn ▲$690.00M ▼$740.00M ▲$40.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Live Nation’s revenue has grown sharply over the last few years as live events fully recovered from the pandemic and then moved into expansion. Profitability has improved from deep losses in 2020 to solid profits today, showing that scale is translating into earnings. Operating profit and cash-style earnings are healthy, though they have flattened a bit recently rather than continuing to accelerate. Overall, the business now looks structurally profitable, but still exposed to swings in concert demand, artist touring cycles, and broader consumer spending on entertainment.

Balance Sheet

Balance Sheet The company runs with a large asset base, a big cash balance, and also a heavy load of debt. Equity has only recently turned slightly positive after several years of being negative, which highlights how highly leveraged the structure has been. The ample cash position provides a cushion for operations and seasonality, but the sizeable debt stack is a key financial risk and makes the company more sensitive to interest costs and downturns. In simple terms, the balance sheet is functional but geared, trading safety margin for growth and scale.

Cash Flow

Cash Flow Cash generation from the core business has been consistently strong since live events reopened, with operating cash flow comfortably positive each year. Free cash flow has also been solid even after reinvestment in venues and technology, suggesting the model is cash generative, not just accounting-profitable. Capital spending has been rising but remains well covered by internal cash, which reduces reliance on new borrowing for growth. The main watchpoint is that high fixed obligations and debt require this strong cash performance to continue through the cycle.

Competitive Edge

Competitive Edge Live Nation sits at the center of the live entertainment ecosystem, combining promotion, venues, artist relationships, and ticketing under one roof. Ticketmaster gives it a powerful ticketing platform with strong network effects, while long-term venue and artist agreements raise barriers for would‑be challengers. Its global scale, brand recognition, and ability to offer artists worldwide tours and integrated marketing make it very hard for smaller competitors to match. The flip side of this strength is heightened regulatory and political scrutiny over market power and pricing practices.

Innovation and R&D

Innovation and R&D The company is leaning heavily into technology rather than traditional lab-style R&D. It is using digital ticketing, anti-fraud tools, dynamic pricing, and data analytics to personalize offers and optimize how shows are booked and priced. Investments in mobile apps, biometrics, crowd management, and even early-stage virtual and augmented reality aim to deepen fan engagement and improve venue operations. At the same time, Live Nation is expanding and upgrading its venue network and experimenting with new premium and “super fan” experiences, which are more commercial than scientific R&D but still represent meaningful innovation in how live events are delivered and monetized.

Summary

Live Nation has transformed from pandemic-driven losses into a scaled, profitable, and cash-generative live entertainment leader. Its vertically integrated model, global reach, and powerful ticketing platform give it a strong and durable competitive position, supported by ongoing technology investments and international expansion. Financially, the company enjoys robust revenue and cash flow but balances this with substantial debt and a historically thin equity base, leaving less room for error if conditions weaken. Key uncertainties center on regulatory pressure, the health of consumer discretionary spending, and the company’s ability to sustain strong event demand and pricing while maintaining goodwill with fans, artists, and regulators.

NEWS

November 11, 2025 · 8:00 AM UTC

Global Report Surveying 40,000 People Finds Live Music Is the World's Favorite Form of Entertainment

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November 10, 2025 · 4:24 PM UTC

Berman Tabacco Announces Investigation of Live Nation Entertainment, Inc. (NYSE:LYV)

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November 10, 2025 · 3:45 PM UTC

Johnson Fistel Continues Investigation on Behalf of Live Nation Entertainment, Inc. Shareholders

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November 5, 2025 · 8:00 AM UTC

Monumental Sports & Entertainment and Ticketmaster Announce Founding Partnership to Redefine the Fan Experience at MSE's Next-Generation Arena

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November 4, 2025 · 4:25 PM UTC

Shamis & Gentile, P.A. Announces Investigation of Breaches of Fiduciary Duties by the Directors and Officers of Live Nation Entertainment, Inc. -- LYV

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