Live Nation Entertainment, Inc.
- Open
- 182.06
- Day high
- 184.42
- Day low
- 180.88
- Prev close
- 183.11
- Volume
- 100K
- Mkt cap
- $43.4B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- -311.4
- P/S
- 1.7
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$26.3M over the last 3 months (0 open-market buys, 11 sales)
- 🏛Institutions mixed (13F)
Live Nation Entertainment, Inc. (LYV) is a Communication Services company listed on NYSE. The stock is up 22% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 11 sales (SEC Form 4).
Live Nation Entertainment, Inc. (LYV) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
LYV earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $-0.35 | $-1.85 | -427.2% | $3.8B | +6.2% |
| Feb 19, 2026 | $-1.02 | $-1.06 | -3.9% | $6.3B | +3.4% |
| Nov 4, 2025 | $1.31 | $0.73 | -44.3% | $8.5B | -0.7% |
| Aug 7, 2025 | $1.03 | $0.41 | -60.2% | $7.0B | +2.3% |
| May 1, 2025 | $-0.41 | $-0.32 | +21.3% | $3.4B | -2.7% |
| Feb 20, 2025 | $-0.93 | $0.56 | +160.2% | $5.7B | +1.5% |
| May 2, 2024 | $-0.18 | $-0.53 | -188.5% | $3.8B | +16.6% |
| Feb 22, 2024 | $-1.13 | $-1.22 | -8.0% | $5.8B | +22.4% |
| Nov 2, 2023 | $1.27 | $1.78 | +40.2% | $8.2B | +17.5% |
| Jul 27, 2023 | $0.63 | $1.02 | +61.9% | $5.6B | -13.4% |
| May 4, 2023 | $-0.45 | $-0.25 | +44.4% | $3.1B | +36.9% |
| Feb 23, 2023 | $-0.96 | $-1.09 | -13.5% | $4.3B | +19.2% |
LYV insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 16, 2026 | HINSON JEFFREY T.director | Sell | 2,115 | $175.00 |
| Jun 12, 2026 | Paul Richard A.director | Grant | 1,207 | — |
| Jun 12, 2026 | Fu Pingdirector | Grant | 1,207 | — |
| Jun 12, 2026 | VOGEL CARL Edirector | Grant | 1,207 | — |
| Jun 12, 2026 | Hollingsworth Chaddirector | Grant | 1,207 | — |
| Jun 12, 2026 | Iovine Jimmydirector | Grant | 1,207 | — |
| Jun 12, 2026 | Watkins Latriecedirector | Grant | 1,207 | — |
| Jun 12, 2026 | Grenell Richard Allendirector | Grant | 1,207 | — |
| Jun 12, 2026 | KAHAN JAMES Sdirector | Grant | 1,207 | — |
| Jun 12, 2026 | MAYS RANDALL THOMASdirector | Grant | 2,293 | — |
| Jun 12, 2026 | HINSON JEFFREY T.director | Grant | 1,207 | — |
| Jun 12, 2026 | Carter Maverickdirector | Grant | 1,207 | — |
| May 22, 2026 | Berchtold Joeofficer: President & CFO | Tax | 16,603 | $165.55 |
| May 22, 2026 | Rowles Michaelofficer: EVP & General Counsel | Tax | 1,661 | $165.55 |
| May 15, 2026 | Rapino Michaeldirector, officer: President & CEO | Tax | 17,464 | $168.46 |
Source: LYV SEC Form 4 filings, latest Jun 16, 2026. For informational purposes only — not investment advice.
See the full LYV insider & 13F page →Live Nation Entertainment, Inc. company profile
Overview
Live Nation Entertainment, Inc. (NYSE:LYV) is the world's largest live entertainment company, formed through the 2010 merger of Live Nation and Ticketmaster Entertainment. The company was originally incorporated in 2005 as Live Nation, Inc., focusing on concert promotion and venue operations. Following its transformative acquisition of Ticketmaster in 2010, Live Nation Entertainment has evolved into a vertically integrated entertainment ecosystem that spans concert promotion, ticketing services, venue operations, and sponsorship sales. Today, the company operates across 40 countries with over 100 offices worldwide, serving approximately 200 million fans annually through its comprehensive portfolio of live entertainment services.
Business
Live Nation Entertainment operates as a vertically integrated live entertainment company through three primary business segments that work synergistically to create a comprehensive ecosystem for live events. The Concerts segment represents the company's core business, generating approximately 60% of total revenue. This division promotes and produces live music events ranging from intimate club shows to massive stadium concerts and multi-day music festivals. Live Nation owns, operates, or leases 259 entertainment venues globally (165 in North America and 94 internationally), including amphitheaters, arenas, theaters, and clubs. The company also provides artist management services and creates associated content around live events. This segment encompasses everything from booking artists and securing venues to marketing events and managing on-site operations during concerts. The Ticketing segment, operating primarily under the Ticketmaster brand, accounts for roughly 30% of revenue and serves as the primary ticketing platform for Live Nation's own events as well as third-party clients. Ticketmaster processes ticket sales through its websites (livenation.com and ticketmaster.com), mobile applications, and physical outlets, handling transactions for various live event categories including concerts, sports, theater, and family entertainment. The platform also provides ticketing software and services to venues and promoters, along with ticket resale services through its secondary market operations. The Sponsorship & Advertising segment contributes approximately 10% of revenue by selling sponsorship packages and advertising placements across Live Nation's extensive network of venues, events, and digital properties. This includes traditional signage and promotional programs as well as digital advertising related to live streaming and music content. The segment also develops custom events and branded experiences for corporate clients, leveraging Live Nation's relationships with artists and venues to create unique marketing opportunities for sponsors.
Revenue model
Live Nation Entertainment generates revenue through multiple interconnected streams that leverage its dominant position in the live entertainment ecosystem. The company's business model creates natural synergies between its segments, with each division reinforcing the others' profitability. The Concerts segment primarily makes money through ticket sales, with Live Nation taking a percentage of gross ticket revenue from events it promotes. The company also generates revenue from venue operations, including facility rental fees, concessions, merchandise sales, and parking. For artist management services, Live Nation typically receives a commission percentage of the artist's earnings. The segment benefits from economies of scale, as the company can negotiate better terms with artists and venues due to its market-leading position. Ticketmaster operates on a fee-based model, collecting service fees from ticket purchasers and facility fees from venues. The platform charges convenience fees that typically range from 10-20% of the ticket face value, along with processing and delivery fees. For third-party clients, Ticketmaster also receives software licensing fees and takes a percentage of ticket sales. The secondary market operations generate additional revenue through resale transaction fees. The Sponsorship segment monetizes Live Nation's extensive fan reach by selling advertising packages to corporate sponsors. Revenue comes from multi-year sponsorship deals, event-specific partnerships, digital advertising placements, and custom branded event production. The company's ability to offer sponsors access to millions of engaged fans across multiple touchpoints commands premium pricing. Several factors influence Live Nation's profitability margins. Positive margin drivers include the company's market-leading scale that provides negotiating leverage with artists and venues, the high-margin nature of digital ticketing services, growing international expansion into less saturated markets, and the ability to implement dynamic pricing strategies that capture consumer surplus. Margin pressures come from increasing artist guarantee costs, regulatory scrutiny that may limit pricing flexibility, seasonal fluctuations in concert activity, competition from streaming platforms for entertainment spending, and potential economic downturns that could reduce discretionary spending on live entertainment.
Competitive moat
Live Nation Entertainment possesses a formidable economic moat built primarily on network effects and switching costs, though this moat faces ongoing regulatory challenges. The company's competitive advantages stem from its vertically integrated ecosystem that creates significant barriers to entry and customer stickiness. The company's primary moat derives from its two-sided network effects between artists, venues, and fans. Artists prefer working with Live Nation because of its extensive venue network, promotional capabilities, and Ticketmaster's dominant distribution platform. Venues choose Live Nation for its ability to book high-quality acts and fill seats consistently. Fans gravitate toward Ticketmaster because it offers the widest selection of events and most convenient purchasing experience. This creates a self-reinforcing cycle where each additional participant makes the platform more valuable for all others. Switching costs further strengthen the moat. Venues face significant costs and complexity in switching ticketing providers due to integration requirements, staff training, and customer familiarity. Artists and promoters benefit from Live Nation's established relationships and operational expertise that would be difficult to replicate elsewhere. Fans face convenience costs when using alternative ticketing platforms that may have limited inventory or inferior user experiences. Live Nation's scale advantages provide additional protection through operational efficiencies, marketing leverage, and financial resources that smaller competitors cannot match. The company's global footprint allows it to offer touring artists comprehensive support across multiple markets, something regional competitors cannot provide. However, the moat faces significant challenges. Regulatory pressure represents the primary threat, with ongoing Department of Justice antitrust litigation that could potentially force a breakup of Live Nation and Ticketmaster. Such action would eliminate many of the network effects and integration benefits that form the core of the company's competitive advantages. Additionally, alternative distribution channels like direct artist-to-fan platforms, social media ticketing, and venue-specific systems could potentially bypass Ticketmaster's dominance, though none have achieved meaningful scale to date. The strength of Live Nation's moat remains substantial in the near term, but regulatory outcomes could fundamentally alter the competitive landscape and reduce the company's pricing power and market dominance.
Risks & safety
Live Nation Entertainment presents a moderate margin of safety profile with strong cash generation but elevated debt levels and premium valuation metrics. **Financial Stability:** - Strong liquidity position with $6.1 billion in cash and short-term investments as of Q1 2025 - Healthy free cash flow generation of $1.05 billion in FY 2024, demonstrating operational cash conversion - Current ratio of 0.96 indicates tight working capital management typical for the events industry - High debt-to-equity ratio of 78% raises leverage concerns, though manageable given cash flows **Valuation Metrics:** - EV/EBITDA of 18.8x for FY 2024 represents premium valuation relative to historical averages - P/E ratio of 33.2x suggests market expects continued strong growth - Price-to-book ratio above 80x indicates significant intangible asset value and growth expectations **Other Considerations:** - Seasonal business model creates quarterly cash flow volatility but annual patterns are predictable - Regulatory overhang from DOJ antitrust case creates binary risk scenario - Strong market position and recurring revenue streams provide defensive characteristics - International expansion opportunities offer growth potential but add execution risk
Recent development
Over the past few years, Live Nation Entertainment has pursued several strategic initiatives focused on global expansion, venue development, and technology enhancement. The company has significantly accelerated its international growth strategy, completing the acquisition of Hayashi in Japan to enter a major new market and establishing operations across 40 countries with over 100 offices worldwide. The Venue Nation initiative represents a major strategic pivot, positioning venue ownership and operation as a fourth business segment alongside concerts, ticketing, and sponsorship. The company plans to bring 14 new venues online by the end of2025, with an additional 75 venues in the development pipeline. This expansion is expected to add approximately 8 million incremental fans to Live Nation's ecosystem and create new revenue streams through facility operations, concessions, and exclusive booking arrangements. Live Nation has made substantial investments in Ticketmaster's technology infrastructure, focusing on pricing technology, marketing science capabilities, high-demand on-sale management systems, digital ticketing platforms, and bot prevention tools. These technological enhancements support the company's dynamic pricing strategies and improve the overall customer experience while reducing operational costs. The company has also expanded its sponsorship capabilities, growing its base of strategic partners by 20% and developing more sophisticated global sponsorship packages. Management has indicated potential to increase premium fan experiences from the current 2-6% of attendees to up to 20%, representing significant revenue upside. In response to regulatory pressures, Live Nation has been refining its pricing strategies and implementing more transparent fee structures while continuing to develop anti-scalping technologies. The company has expressed support for new ticketing regulations focused on transparency and scalping prevention, positioning itself as a partner rather than opponent in regulatory discussions.
LYV company profile · for informational purposes only — not investment advice.
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