| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23.16B | $22.73B | $16.68B | $6.27B | $1.86B | $11.55B | $10.79B | $9.69B |
| Cost of Revenue | $17.33B | $17.25B | $12.35B | $4.36B | $1.40B | $8.47B | $7.97B | $7.18B |
| Gross Profit | $5.83B | $5.48B | $4.33B | $1.91B | $458.78M | $3.08B | $2.82B | $2.51B |
| Gross Margin | 25.17% | 24.09% | 25.98% | 30.51% | 24.65% | 26.68% | 26.14% | 25.86% |
| Operating Expenses | $5.00B | $4.39B | $3.61B | $2.33B | $2.11B | $2.76B | $2.55B | $2.41B |
| Operating Income | $824.51M | $1.08B | $722.03M | $-417.86M | $-1.65B | $324.84M | $272.54M | $91.40M |
| Operating Margin | 3.56% | 4.77% | 4.33% | -6.67% | -88.83% | 2.81% | 2.53% | 0.94% |
| Net Income | $896.29M | $556.89M | $266.44M | $-650.90M | $-1.72B | $69.89M | $60.25M | $-6.01M |
| Net Margin | 3.87% | 2.45% | 1.60% | -10.38% | -92.66% | 0.61% | 0.56% | -0.06% |
| EPS (Basic) | $2.77 | $1.35 | $0.66 | $-3.09 | $-8.12 | $-0.02 | $-0.09 | $-0.48 |
| EBITDA | $1.62B | $1.78B | $1.22B | $87.45M | $-1.14B | $786.62M | $658.61M | $470.59M |
| Stock Option Compensation Expense | $110.35M | $115.96M | $110.05M | $209.34M | $116.89M | $48.78M | $45.58M | $42.76M |
| Price To Earnings Ratio | 33.25 | 38.43 | 58.84 | -39.94 | -9.04 | 214.84 | 169.57 | -1450.31 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | $29.80B | $21.40B | $15.68B | $26.00B | $15.60B | $15.01B | $10.22B | $8.72B |
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Short Term Receivables | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Inventories | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Property, Plant & Equipment | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Investments and Advances | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Note Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Intangible Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Assets | $19.64B | $19.07B | $16.46B | $14.40B | $10.59B | $10.98B | $8.50B | $7.50B |
| Short Term Debt Incl. Current Port. of LT Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Provision for Risks Charges | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $17.69B | $17.59B | $15.70B | $14.04B | $10.45B | $9.06B | $6.82B | $5.84B |
| Non-Equity Reserves | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Preferred Stock - Carrying Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Common Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Shareholders Equity | $173.26M | $-17.15M | $-367.57M | $-582.65M | $-471.77M | $1.15B | $1.10B | $1.18B |
| Accumulated Minority Interest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $173.26M | $-17.15M | $-367.57M | $-582.65M | $-471.77M | $1.15B | $1.10B | $1.18B |
| Total Liabilities & Stockholders Equity | $19.64B | $19.07B | $16.46B | $14.40B | $10.59B | $10.98B | $8.50B | $7.50B |
| Book Value Per Share | $8.45 | $6.48 | $3.40 | $1.67 | $0.65 | $9.11 | $8.06 | $8.11 |
| Tangible Book Value Per Share | $-8.87 | $-12.03 | $-14.17 | $-16.68 | $-15.15 | $-6.30 | $-5.69 | $-5.81 |
| Full-Time Employees | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Book Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 4.56% | 2.92% | 1.62% | -4.52% | -16.29% | 0.64% | 0.71% | -0.08% |
| Return on Equity | 517.30% | -3247.57% | -72.49% | 111.71% | 365.54% | 6.10% | 5.48% | -0.51% |
| Return on Invested Capital | 7.71% | 8.07% | 6.18% | -5.04% | -23.41% | 2.95% | 3.89% | -1.77% |
| Quick Ratio | 0.99 | 0.95 | 0.98 | 0.97 | 0.96 | 1.02 | 1.02 | 0.88 |
| Current Ratio | 0.99 | 0.96 | 0.98 | 0.97 | 0.96 | 1.02 | 1.03 | 0.88 |
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $896.29M | $556.89M | $266.44M | $-650.90M | $-1.72B | $69.89M | $60.25M | $-6.01M |
| Depreciation | $549.92M | $516.80M | $449.98M | $416.28M | $485.02M | $443.99M | $386.53M | $372.20M |
| Other Funds (Non Cash) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Funds from Operations | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Extraordinary Item | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Changes in Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Taxes Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Operating Activities | $1.73B | $1.36B | $1.83B | $1.78B | $-1.08B | $469.78M | $941.59M | $623.01M |
| Capital Expenditures | $675.16M | $475.26M | $353.29M | $159.83M | $222.61M | $365.83M | $275.46M | $249.41M |
| Net Assets From Acquisitions | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale of Fixed Assets and Businesses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase or Sale of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale Or Maturity of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Sources | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Investing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash Dividends Paid | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Change in Capital Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Repurchase of Common Pref Stock | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Sale of Common Pref Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Proceeds from Stock Options | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance or Reduction of Debt, Net | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Change in Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Reduction of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Financing Active Other Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Financing Activities Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Financing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Exchange Rate Effect | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Change in Cash | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | $1.05B | $887.72M | $1.48B | $1.62B | $-1.31B | $103.96M | $666.12M | $374.11M |
| Preferred Dividends (Cash Flow) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Company coverage
Live Nation Entertainment, Inc., incorporated in 2005 and formerly known as Live Nation, Inc. until its name change in January 2010, is a global leader in live entertainment, headquartered in Beverly Hills, California. The company's diverse operations are organized into three primary business segments: Concerts, Ticketing, and Sponsorship & Advertising. The Concerts segment is responsible for organizing and promoting live musical performances, utilizing its extensive portfolio of owned or managed venues, as well as various rented third-party locations. This division also oversees the management and operation of music venues, produces major music festivals, develops related content, and offers management and other support services to artists. Through its Ticketing segment, Live Nation manages a comprehensive suite of ticketing operations. This includes supplying advanced ticketing software and services to its clients and facilitating the sale of tickets for both its own events and a wide array of third-party performances and gatherings. These range from professional sports and collegiate athletics to performing arts, museums, and theaters, with tickets distributed via leading online platforms like livenation.com and ticketmaster.com, mobile applications, and various physical outlets. The segment also provides services for ticket resale. The Sponsorship & Advertising division focuses on developing and executing global, national, and local sponsorship programs and advertising campaigns. This involves selling placements for signage, promotional activities, and rich media advertisements—including those associated with live streaming and music-related content—distributed throughout its vast ecosystem of venues, events, and digital properties. Additionally, this segment specializes in crafting and producing bespoke events and programs tailored to specific brand requirements. As of December 31, 2021, Live Nation Entertainment owned, operated, or leased 165 entertainment venues across North America and an additional 94 international entertainment venues.
Why it moved over time
Live Nation's Q2 2026 report beat estimates—EPS $1.05 vs $0.59 and revenue up ~9%—with record ticket demand and raised expectations, indicating stronger live-event momentum.
Key fact: Q2 EPS $1.05 vs $0.59 estimate; revenue rose about 9% and company cited record ticket sales.
gurufocus.com: Live Nation Entertainment Inc (LYV) (Q2 2026) Earnings Call Highlights: Record Fan Growth and Raised Expectations Signal Strong Year AheadAn upcoming Q2 earnings report next week is the likely catalyst, with analysts flagging strong concert demand and ticketing growth but potential headwinds from calendar timing and legal costs.
Key fact: Analysts expect Q2 to benefit from strong concert demand, ticket and premium sales, though calendar timing and legal costs could weigh.
zacks.com: Live Nation to Post Q2 Earnings: What's in the Cards for the Stock?