LYV Chart
About

Live Nation Entertainment, Inc. operates as a live entertainment company worldwide. The company operates through Concerts, Ticketing, and Sponsorship & Advertising segments. Its Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment 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 consumers with marketplace for tickets and event information through mobile apps, other websites, and retail outlets, as well as its websites, such as livenation.com and ticketmaster.com; and provides ticket resale services. This segment offers ticketing services for arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters. Its Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertising, including signage, online advertising, and promotional programs; rich media offering, including advertising related with live streaming and music-related content; and ads through 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. It owns, operates, or leases entertainment venues. 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.

Fundamentals
Scroll to Statements
Sector Communication Services Industry Entertainment Market Cap 36.66B
Enterprise Value 41.14B Income -54.83M Sales 25.20B
Book/sh 1.16 Cash/sh 30.53 Dividend Yield —
Payout 0.00% Employees 17700 IPO —
P/E — Forward P/E 68.75 PEG —
P/S 1.45 P/B 134.83 P/C —
EV/EBITDA 20.96 EV/Sales 1.63 Quick Ratio 0.82
Current Ratio 0.99 Debt/Eq 572.03 LT Debt/Eq —
EPS (ttm) -0.23 EPS next Y 2.27 EPS Growth —
Revenue Growth 11.10% Earnings 2026-05-07 ROA 3.89%
ROE 36.70% ROIC — Gross Margin 25.55%
Oper. Margin -0.82% Profit Margin 1.97% Shs Outstand 234.80M
Shs Float 156.48M Short Float 10.36% Short Ratio 5.92
Short Interest — 52W High 175.25 52W Low 112.88
Beta 1.15 Avg Volume 2.81M Volume 2.09M
Target Price $181.27 Recom Strong_buy Prev Close $159.78
Price $156.13 Change -2.28%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$181.27
Mean price target
2. Current target
$156.13
Latest analyst target
3. DCF / Fair value
$84.88
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$156.13
Low
$140.00
High
$204.00
Mean
$181.27

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-27 up Rothschild & Co Neutral → Buy $193
2026-02-25 init Wells Fargo — → Overweight $204
2026-02-20 main JP Morgan Overweight → Overweight $180
2026-02-20 main UBS Buy → Buy $181
2026-02-20 main Evercore ISI Group Outperform → Outperform $198
2026-02-20 main B of A Securities Buy → Buy $180
2026-01-13 down Jefferies Buy → Hold $155
2025-12-23 main Evercore ISI Group Outperform → Outperform $188
2025-11-25 init UBS — → Buy $164
2025-11-18 main Guggenheim Buy → Buy $172
2025-11-05 main JP Morgan Overweight → Overweight $172
2025-11-05 main Roth Capital Buy → Buy $176
2025-11-05 main Guggenheim Buy → Buy $175
2025-11-05 main Evercore ISI Group Outperform → Outperform $168
2025-11-05 main Morgan Stanley Overweight → Overweight $170
2025-11-03 main Susquehanna Positive → Positive $175
2025-10-23 main Deutsche Bank Buy → Buy $173
2025-10-23 main Citigroup Buy → Buy $181
2025-09-26 main Benchmark Buy → Buy $190
2025-09-23 main Seaport Global Buy → Buy $190
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 4000 — — Stock Gift at price 0.00 per share. KAHAN JAMES SAMUEL Director — 2026-01-20 00:00:00 I
1 134881 2611296.0 — Conversion of Exercise of derivative security at price 19.36 per share. BERCHTOLD JOSEPH President — 2025-12-15 00:00:00 D
2 282024 5459985.0 — Conversion of Exercise of derivative security at price 19.36 per share. RAPINO MICHAEL JAMES Chief Executive Officer — 2025-12-15 00:00:00 D
3 200 — — Stock Gift at price 0.00 per share. HINSON JEFFREY T Director — 2025-12-09 00:00:00 D
4 100402 nan — — BERCHTOLD JOSEPH President — 2025-08-06 00:00:00 D
5 39005 nan — — HOPMANS JOHN Officer — 2025-08-06 00:00:00 D
6 150604 nan — — RAPINO MICHAEL JAMES Chief Executive Officer — 2025-08-06 00:00:00 D
7 10040 nan — — ROWLES MICHAEL G General Counsel — 2025-08-06 00:00:00 D
8 4562 — — Stock Gift at price 0.00 per share. KAHAN JAMES SAMUEL Director — 2025-07-17 00:00:00 D
9 1402 — — Stock Award(Grant) at price 0.00 per share. HINSON JEFFREY T Director — 2025-06-12 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems5.86M1.77M-1.05M7.58M
TaxRateForCalcs0.330.210.230.24
NormalizedEBITDA1.97B1.61B1.78B1.19B
TotalUnusualItems17.75M8.45M-4.58M32.08M
TotalUnusualItemsExcludingGoodwill17.75M8.45M-4.58M32.08M
NetIncomeFromContinuingOperationNetMinorityInterest495.97M896.29M556.89M266.44M
ReconciledDepreciation638.87M549.92M516.80M449.98M
ReconciledCostOfRevenue18.76B17.38B17.29B12.35B
EBITDA1.99B1.62B1.78B1.22B
EBIT1.35B1.07B1.26B769.01M
NetInterestIncome-165.59M-169.72M-112.43M-200.86M
InterestExpense316.03M325.97M350.24M278.48M
InterestIncome150.44M156.25M237.82M77.62M
NormalizedIncome484.08M889.61M560.42M241.94M
NetIncomeFromContinuingAndDiscontinuedOperation495.97M896.29M556.89M266.44M
TotalExpenses23.97B22.34B21.66B15.99B
TotalOperatingIncomeAsReported1.25B824.51M1.08B722.03M
DilutedAverageShares236.35M230.98M231.56M217.19M
BasicAverageShares230.12M228.63M224.81M217.19M
DilutedEPS2.741.340.64-3.09
BasicEPS2.771.350.66-3.09
DilutedNIAvailtoComStockholders-54.83M647.40M309.45M119.67M
AverageDilutionEarnings0.009.19M0.000.00
NetIncomeCommonStockholders-54.83M638.21M309.45M119.67M
OtherunderPreferredStockDividend550.80M258.08M247.44M146.77M
NetIncome495.97M896.29M556.89M266.44M
MinorityInterests-194.77M-234.84M-146.91M-108.14M
NetIncomeIncludingNoncontrollingInterests690.74M1.13B703.80M374.58M
NetIncomeContinuousOperations690.74M1.13B703.80M374.58M
TaxProvision339.79M-391.70M209.48M115.94M
PretaxIncome1.03B739.43M913.27M490.52M
OtherIncomeExpense-36.57M95.65M-45.31M1.44M
OtherNonOperatingIncomeExpenses-57.53M103.87M-35.27M-41.22M
SpecialIncomeCharges17.75M8.45M-4.58M32.08M
GainOnSaleOfPPE18.53M11.02M13.93M32.08M
GainOnSaleOfBusiness-341.00K448.00K83.58M
OtherSpecialCharges780.00K2.56M18.50M
RestructuringAndMergernAcquisition300.00K1.00M9.00M
EarningsFromEquityInterest3.21M-16.68M-5.46M10.57M
GainOnSaleOfSecurity-99.20M74.50M
NetNonOperatingInterestIncomeExpense-165.59M-169.72M-112.43M-200.86M
InterestExpenseNonOperating316.03M325.97M350.24M278.48M
InterestIncomeNonOperating150.44M156.25M237.82M77.62M
OperatingIncome1.23B813.50M1.07B689.95M
OperatingExpense5.21B4.96B4.36B3.64B
OtherOperatingExpenses474.73M367.63M330.82M237.83M
DepreciationAmortizationDepletionIncomeStatement638.87M549.92M516.80M449.98M
DepreciationAndAmortizationInIncomeStatement638.87M549.92M516.80M449.98M
SellingGeneralAndAdministration4.09B4.04B3.52B2.96B
SellingAndMarketingExpense54.60M47.70M32.00M18.10M
GeneralAndAdministrativeExpense4.04B3.51B2.92B1.73B
OtherGandA4.04B3.51B2.92B1.73B
GrossProfit6.44B5.77B5.44B4.33B
CostOfRevenue18.76B17.38B17.29B12.35B
TotalRevenue25.20B23.16B22.73B16.68B
OperatingRevenue25.20B23.16B22.73B16.68B
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber574.13K408.02K408.02K408.02K
OrdinarySharesNumber235.42M234.36M233.30M231.26M
ShareIssued236.00M234.77M233.71M231.67M
NetDebt1.11B342.64M361.55M297.04M
TotalDebt10.40B8.27B8.44B7.70B
TangibleBookValue-4.07B-3.81B-4.28B-4.32B
InvestedCapital8.47B6.61B6.54B5.54B
WorkingCapital-54.46M-68.14M-451.08M-143.79M
NetTangibleAssets-4.07B-3.81B-4.28B-4.32B
CapitalLeaseObligations2.20B1.83B1.84B1.79B
CommonStockEquity271.01M173.26M-52.30M-367.57M
TotalCapitalization7.88B6.35B5.41B4.92B
TotalEquityGrossMinorityInterest1.82B1.95B1.41B763.56M
MinorityInterest1.55B1.77B1.46B1.13B
StockholdersEquity271.01M173.26M-52.30M-367.57M
GainsLossesNotAffectingRetainedEarnings-114.87M-335.11M27.45M-90.08M
OtherEquityAdjustments-114.87M-335.11M27.45M-90.08M
TreasuryStock30.40M6.87M6.87M6.87M
RetainedEarnings-1.04B-1.55B-2.44B-2.97B
AdditionalPaidInCapital1.46B2.06B2.37B2.70B
CapitalStock2.33M2.31M2.30M2.29M
CommonStock2.33M2.31M2.30M2.29M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest21.09B17.69B17.62B15.70B
TotalNonCurrentLiabilitiesNetMinorityInterest10.06B8.34B7.63B7.39B
OtherNonCurrentLiabilities229.56M196.81M73.75M37.51M
PreferredSecuritiesOutsideStockEquity551.92M
NonCurrentDeferredLiabilities186.28M280.95M414.41M418.46M
NonCurrentDeferredRevenue73.07M120.06M60.55M56.95M
NonCurrentDeferredTaxesLiabilities83.30M140.15M324.70M305.52M
LongTermDebtAndCapitalLeaseObligation9.65B7.86B7.15B6.94B
LongTermCapitalLeaseObligation2.04B1.68B1.69B1.65B
LongTermDebt7.61B6.18B5.46B5.28B
CurrentLiabilities11.03B9.36B9.98B8.30B
OtherCurrentLiabilities28.82M22.09M29.59M40.87M
CurrentDeferredLiabilities4.75B3.76B3.50B3.16B
CurrentDeferredRevenue4.46B3.72B3.40B3.13B
CurrentDebtAndCapitalLeaseObligation755.39M414.31M1.29B760.26M
CurrentCapitalLeaseObligation167.76M153.41M158.42M140.23M
CurrentDebt587.63M260.90M1.13B620.03M
OtherCurrentBorrowings587.63M260.90M1.13B620.03M
PensionandOtherPostRetirementBenefitPlansCurrent619.69M512.53M529.99M540.02M
PayablesAndAccruedExpenses4.88B4.65B4.64B3.80B
CurrentAccruedExpenses2.68B2.54B2.50B1.83B
Payables2.19B2.10B2.13B1.97B
AccountsPayable2.19B2.10B2.13B1.97B
TotalAssets22.91B19.64B19.03B16.46B
TotalNonCurrentAssets11.94B10.35B9.50B8.30B
OtherNonCurrentAssets485.19M472.82M268.38M223.57M
NonCurrentPrepaidAssets631.07M520.48M623.15M568.56M
NonCurrentDeferredAssets450.96M577.93M42.84M
NonCurrentDeferredTaxesAssets450.96M577.93M42.84M
NonCurrentNoteReceivables233.11M226.02M176.13M92.63M
InvestmentsAndAdvances515.64M504.19M447.49M408.79M
LongTermEquityInvestment515.64M504.19M447.49M408.79M
GoodwillAndOtherIntangibleAssets4.34B3.99B4.23B3.95B
OtherIntangibleAssets1.45B1.37B1.54B1.42B
Goodwill2.89B2.62B2.69B2.53B
NetPPE5.29B4.06B3.71B3.06B
AccumulatedDepreciation-2.06B-1.90B-1.79B-1.85B
GrossPPE7.34B5.96B5.50B4.91B
ConstructionInProgress830.88M386.88M317.03M244.62M
OtherProperties1.87B1.62B1.61B1.57B
MachineryFurnitureEquipment1.77B1.63B1.54B1.45B
Properties2.87B2.33B2.04B1.65B
CurrentAssets10.97B9.29B9.53B8.16B
OtherCurrentAssets275.12M107.36M33.18M58.99M
RestrictedCash12.79M10.69M7.09M5.92M
PrepaidAssets1.45B1.25B1.15B949.83M
Inventory56.58M50.15M45.14M38.73M
Receivables2.08B1.78B2.07B1.50B
NotesReceivable72.92M32.02M43.85M34.23M
AccountsReceivable2.01B1.75B2.02B1.47B
AllowanceForDoubtfulAccountsReceivable-73.91M-72.66M-82.35M-63.29M
GrossAccountsReceivable2.08B1.82B2.11B1.53B
CashCashEquivalentsAndShortTermInvestments7.09B6.10B6.23B5.61B
CashAndCashEquivalents7.09B6.10B6.23B5.61B
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow304.98M1.05B887.72M1.48B
RepurchaseOfCapitalStock-23.53M0.000.00
RepaymentOfDebt-2.05B-1.96B-730.64M-45.79M
IssuanceOfDebt3.71B1.67B1.06B122.25M
IssuanceOfCapitalStock0.000.00449.63M
CapitalExpenditure-1.09B-675.16M-475.26M-353.29M
InterestPaidSupplementalData118.64M132.76M57.37M180.88M
IncomeTaxPaidSupplementalData313.04M253.65M175.15M43.86M
EndCashPosition7.11B6.11B6.24B5.62B
BeginningCashPosition6.11B6.24B5.62B4.89B
EffectOfExchangeRateChanges425.50M-345.19M38.87M-174.61M
ChangesInCash575.37M212.34M579.89M907.02M
FinancingCashFlow406.51M-658.55M-87.28M-143.34M
CashFlowFromContinuingFinancingActivities406.51M-658.55M-87.28M-143.34M
NetOtherFinancingCharges-1.24B-396.72M-436.93M-255.57M
ProceedsFromStockOptionExercised5.08M26.05M19.26M35.77M
NetCommonStockIssuance-23.53M0.000.000.00
CommonStockPayments-23.53M0.000.00
CommonStockIssuance0.000.00449.63M
NetIssuancePaymentsOfDebt1.67B-287.88M330.38M76.46M
NetLongTermDebtIssuance1.67B-287.88M330.38M76.46M
LongTermDebtPayments-2.05B-1.96B-730.64M-45.79M
LongTermDebtIssuance3.71B1.67B1.06B122.25M
InvestingCashFlow-1.23B-854.28M-695.80M-784.69M
CashFlowFromContinuingInvestingActivities-1.23B-854.28M-695.80M-784.69M
NetOtherInvestingChanges-15.76M-54.73M-149.62M-86.89M
NetBusinessPurchaseAndSale-120.35M-124.40M-70.93M-344.51M
SaleOfBusiness19.59M1.52M3.86M90.43M
PurchaseOfBusiness-120.35M-143.99M-72.46M-348.38M
NetIntangiblesPurchaseAndSale-7.83M-8.52M-36.65M-6.08M
PurchaseOfIntangibles-7.83M-8.52M-36.65M-6.08M
NetPPEPurchaseAndSale-1.08B-666.63M-438.60M-347.21M
PurchaseOfPPE-1.08B-666.63M-438.60M-347.21M
OperatingCashFlow1.40B1.73B1.36B1.84B
CashFlowFromContinuingOperatingActivities1.40B1.73B1.36B1.84B
ChangeInWorkingCapital-287.75M651.11M-137.29M675.45M
ChangeInOtherWorkingCapital341.87M478.08M140.92M359.72M
ChangeInPayablesAndAccruedExpense-138.41M13.78M450.37M1.03B
ChangeInPayable-138.41M13.78M450.37M1.03B
ChangeInAccountPayable-138.41M13.78M450.37M1.03B
ChangeInPrepaidAssets-343.31M-22.19M-202.83M-267.94M
ChangeInReceivables-147.89M181.43M-525.74M-444.50M
ChangesInAccountReceivables-147.89M181.43M-525.74M-444.50M
OtherNonCashItems197.03M66.12M131.19M155.98M
StockBasedCompensation155.22M110.35M115.96M110.05M
UnrealizedGainLossOnInvestmentSecurities-12.11M-102.93M-47.88M-22.64M
ProvisionandWriteOffofAssets30.78M1.00M78.34M68.61M
DeferredTax-20.50M-708.57M-44.02M7.20M
DeferredIncomeTax-20.50M-708.57M-44.02M7.20M
DepreciationAmortizationDepletion638.87M549.92M516.80M449.98M
DepreciationAndAmortization638.87M549.92M516.80M449.98M
AmortizationCashFlow264.57M249.92M250.21M224.21M
AmortizationOfIntangibles264.57M249.92M250.21M224.21M
Depreciation374.30M300.00M266.59M225.77M
OperatingGainsLosses3.03M27.05M46.07M15.84M
EarningsLossesFromEquityInvestments23.23M32.37M30.52M14.91M
GainLossOnInvestmentSecurities-15.39M5.63M927.00K
GainLossOnSaleOfPPE-20.98M-7.89M-2.96M
GainLossOnSaleOfBusiness-979.00K1.36M-83.58M
NetIncomeFromContinuingOperations690.74M1.13B703.80M374.58M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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