L 
Live Nation Entertainment LYV · USD
Communication Services · Entertainment · US listing · 🇺🇸 United States
S&P 500
176.64
+0.79%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$25.20bn
FY2016FY2025
Net income
$496.0m
FY2016FY2025
Free cash flow
$305.0m
FY2016FY2025
Shareholders' equity
$1.82bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.20bn | $23.16bn | $22.73bn | $16.68bn | $6.27bn | $1.86bn | $11.55bn | $10.79bn | $9.69bn | $7.83bn |
| Gross profit | $5.80bn | $5.83bn | $5.48bn | $4.33bn | $1.91bn | $458.8m | $3.08bn | $2.82bn | $2.51bn | $2.19bn |
| Research and development | — | — | — | $10.3m | $18.8m | — | — | — | — | — |
| Operating income | $1.48bn | $824.5m | $1.26bn | $722.0m | −$328.8m | −$1.63bn | $324.8m | $272.5m | $91.4m | $154.8m |
| Net income | $496.0m | $896.3m | $556.9m | $266.4m | −$650.9m | −$1.72bn | $69.9m | $60.2m | −$6.0m | $2.9m |
| Diluted earnings per share | 2.11 | 3.79 | 2.39 | 1.15 | -2.91 | -8.11 | 0.33 | 0.29 | -0.03 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $22.91bn | $19.64bn | $19.07bn | $16.46bn | $14.40bn | $10.59bn | $10.98bn | $8.50bn | $7.50bn | $6.76bn |
| Cash and short-term investments | $7.11bn | $6.10bn | $6.23bn | $5.61bn | $4.88bn | $2.54bn | $2.47bn | $2.37bn | $1.83bn | $1.53bn |
| Total liabilities | $21.09bn | $17.69bn | $17.59bn | $15.70bn | $14.04bn | $10.45bn | $9.06bn | $6.82bn | $5.84bn | $5.07bn |
| Debt | $8.20bn | $6.44bn | $6.59bn | $5.90bn | $5.73bn | $4.91bn | $3.31bn | $2.81bn | $2.30bn | $2.31bn |
| Shareholders' equity | $1.82bn | $1.95bn | $1.48bn | $763.6m | $363.5m | $138.7m | $1.91bn | $1.67bn | $1.66bn | $1.70bn |
| Shares outstanding | 235m | 236m | 233m | 231m | 224m | 213m | 211m | 209m | 207m | 204m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $1.40bn | $1.73bn | $1.36bn | $1.84bn | $1.78bn | −$1.08bn | $469.8m | $941.6m | $623.5m | $598.7m |
| Capital spending | −$1.09bn | −$675.2m | −$475.3m | −$353.3m | −$159.8m | −$222.6m | −$365.8m | −$275.5m | −$249.4m | −$180.1m |
| Free cash flow | $305.0m | $1.05bn | $887.7m | $1.48bn | $1.62bn | −$1.31bn | $104.0m | $666.1m | $374.1m | $418.7m |
| Dividends paid | — | — | — | −$76.9m | −$45.8m | −$16.9m | −$1.2m | −$59.2m | −$46.0m | −$55.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.67bn | $3.79bn | $6.31bn | $8.50bn | $7.01bn | $3.38bn | $5.68bn | $7.65bn |
| Gross profit | $1.94bn | $1.31bn | $1.29bn | $7.23bn | $1.80bn | $1.13bn | $1.19bn | $1.87bn |
| Operating income | $615.8m | −$321.6m | −$25.6m | $792.5m | $486.7m | $161.1m | −$223.8m | $639.5m |
| Net income | $294.4m | −$389.1m | −$202.1m | $431.5m | $243.4m | $23.2m | $201.0m | $451.8m |
| Diluted earnings per share | 1.21 | -1.59 | -0.86 | 1.83 | 1.03 | 0.10 | 0.85 | 1.91 |
| Cash from operations | $419.0m | $2.34bn | −$53.0m | −$95.0m | $223.0m | $1.32bn | $1.04bn | −$720.0m |
| Capital spending | −$289.0m | −$308.0m | −$359.0m | −$275.0m | −$263.0m | −$191.0m | −$175.0m | −$166.0m |
| Free cash flow | $130.0m | $2.03bn | −$412.0m | −$370.0m | −$40.0m | $1.13bn | $870.0m | −$886.0m |
| Total assets | $28.18bn | $26.07bn | $22.91bn | $22.89bn | $23.15bn | $21.83bn | $19.64bn | $19.75bn |
| Cash and short-term investments | $9.07bn | $9.08bn | $7.11bn | $6.75bn | $7.06bn | $7.16bn | $6.10bn | $5.49bn |
| Debt | $9.20bn | $8.51bn | $10.40bn | $9.39bn | $8.42bn | $8.29bn | $8.27bn | $8.19bn |
| Shareholders' equity | $82.3m | −$139.4m | $1.82bn | $1.98bn | $2.31bn | $2.11bn | $819.0m | $1.95bn |
Financial ratios
Data as of 20 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 23.0% | 25.2% | 24.1% | 26.0% | 30.5% | 24.6% |
| Operating margin | 5.9% | 3.6% | 5.6% | 4.3% | -5.2% | -87.6% |
| Net margin | 2.0% | 3.9% | 2.5% | 1.6% | -10.4% | -92.7% |
| Return on equity | 27.3% | 46.1% | 37.6% | 34.9% | -179.1% | -1243.4% |
| Return on assets | 2.2% | 4.6% | 2.9% | 1.6% | -4.5% | -16.3% |
| Free cash flow yield | 6.3% | 6.1% | 4.7% | 5.7% | 5.2% | -2.4% |
| Revenue growth | 8.8% | 1.9% | 36.2% | 166.1% | 236.8% | -83.9% |
| Earnings growth | -44.7% | 60.9% | 109.0% | -140.9% | -62.3% | -2567.5% |
| Current ratio | 1.00x | 0.99x | 0.96x | 0.98x | 0.97x | 0.96x |
| Debt to equity | 4.60x | 3.39x | 4.56x | 7.92x | 16.11x | 36.94x |
| Equity ratio | 7.9% | 9.9% | 7.8% | 4.6% | 2.5% | 1.3% |
| Interest coverage | 4.70x | 2.53x | 3.61x | 2.59x | -1.16x | -7.19x |
| R&D as a share of sales | — | — | — | 0.1% | 0.3% | — |
| Buybacks as a share of market value | 0.4% | -1.3% | -0.9% | -3.3% | -5.3% | -0.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.7% | 68.4% | 13.3% |
| Operating income | 27.1% | — | 27.4% |
| Net income | 23.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.0% | 24.4% | 24.8% | 25.5% |
| Operating margin | 4.8% | 4.9% | 2.4% | 2.3% |
| Net margin | 2.9% | 2.5% | -0.2% | -0.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 67.6 | 34.1 | 39.2 | 60.5 | -41.1 | -9.1 | 215.8 | 170.8 | -1463.1 | — |
| Price to sales | 1.3 | 1.3 | 1.0 | 1.0 | 4.3 | 8.4 | 1.3 | 0.9 | 0.9 | 0.7 |
Market value over time
31 Oct 2016 to 18 Sept 2026, in USD
$6.02bn$40.78bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 5% | 40% | 39% | -36% | 48% | 1% | 43% | 15% | 59% | 14% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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