LYV · NYSE · Entertainment

Live Nation Entertainment (LYV)

Promotes concerts, operates venues, runs Ticketmaster, and sells sponsorships across its event network.

$169.67
vs last close+0.49 (+0.29%)
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Live Nation Entertainment, Inc.LYV
Communication Services

Promotes concerts and festivals worldwide, operates music venues, and sells primary and resale tickets through Ticketmaster. Concert promotion generates most revenue; venue operations, Ticketmaster fees, and sponsorship programs monetize the same event network.

Promotes concerts and festivals worldwide, operates music venues, and provides artist services. Shows run in owned, operated, and rented venues; ticket sales fund promotion, while concessions, parking, premium seating, rentals, and festival spending add venue income.

Runs Ticketmaster as an agency for venues, promoters, sports organizations, and arts clients, retaining part of the service charge on primary and resale tickets. Sponsorship & Advertising sells naming rights, onsite activations, and digital ads across concerts, festivals, venues, and ticketing properties.

Coordinates artist booking, event marketing, venue services, ticket distribution, and sponsor inventory across a global network, with North America the largest market. Results depend on artist touring and event availability. Ticketmaster’s contracts and links among ticketing, promotion, and venues are constrained by a federal settlement order; remedies sought by nonsettling states remain unresolved.

Company facts

CEOMichael Rapino
ListedDec 21, 2005
ExchangeNYSE
HeadquartersBeverly Hills, CA
CountryUnited States
Employees17,700
CIK0001335258
ISINUS5380341090

Market cap$39.37B
EPS (ttm)−$1.12
P/E (ttm)−151.05
ROE73.3%
P/B478.20
P/S1.50
Dividend yieldDiv yield
Beta0.65vs XLC 0.50

Price target$208.00+22.9%Average of 46 analysts
ConsensusBuy40 of 46 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jul 31, 2026Deutsche BankReiterate
Rating: Target: $173
Rating: BuyTarget: $205
Jul 31, 2026SusquehannaReiterate
Rating: Target: $186
Rating: NeutralTarget: $187
Jul 31, 2026OppenheimerReiterate
Rating: Target: $100
Rating: OutperformTarget: $210
Jul 31, 2026BernsteinReiterate
Rating: Target:
Rating: OutperformTarget: $215
Jul 31, 2026GuggenheimReiterate
Rating: Target: $197
Rating: BuyTarget: $218

Next report
Nov 3, 26
in 42 days
EPS estimate
$1.57
Revenue estimate
$9.59B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Jul '26Nov '26
Reported$0.56−$0.32$0.41$0.73−$1.06−$1.85$1.05Pending
Estimate−$0.93−$0.41$1.03$1.31−$1.02−$0.35$0.66$1.57
Surprise+160.2%+21.3%−60.2%−44.3%−3.9%−427.2%+58.9%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Jul '26Nov '26
Reported$5.68B$3.38B$7.01B$8.50B$6.31B$3.79B$7.67BPending
Estimate$5.60B$3.48B$6.85B$8.56B$6.10B$3.57B$7.56B$9.59B
Surprise+1.5%−2.7%+2.3%−0.7%+3.4%+6.2%+1.5%
Estimate$1.57
ReportedDue Nov 3, 2026
Estimate$9.59B
ReportedDue Nov 3, 2026
View details

Debt to equity13,704.30%
Current ratio85.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$7.65B$5.68B$3.38B$7.01B$8.50B$6.31B$3.79B$7.67B
Net income$451.8M$201.0M$23.2M$243.4M$431.5M−$202.1M−$389.1M$294.4M
Net margin5.9%3.5%0.7%3.5%5.1%0.0%0.0%3.8%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$639.5M−$239.4M$114.8M$486.7M$792.5M−$25.6M−$376.5M$513.4M
YoY growth−2.2%Loss widenedTurned profit+4.5%+23.9%Loss narrowedTurned loss+5.5%

Balance sheet, Jun 30, 2026Cash & short-term investments $9.07B · Total debt $11.28B · Total assets $28.18B · Shareholders' equity $82.3M

Revenue
$7.67B
Operating income
$513.4M
Net income
$294.4M
View details

No dividends on record.

Institutions84.29%198.62M shares
915 holders · as of Jun 30, 2026
Insiders0.67%1.57M shares
15 holders · as of Aug 25, 2026
Strategic holders34.89%82.21M shares
2 holders · as of Dec 17, 2025
Adds to119.85%

235.63M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 119.85%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Liberty Live Holdings, Inc.Strategicdirector, 10 percent owner
29.56%69.65Mfiled Dec 17, 2025
Melvin Capital Management LPInstitution
5.86%13.80Mfiled Feb 14, 2022
BlackRock, Inc.Institution
5.74%13.52Mas of Jun 30, 2026
The Public Investment FundStrategic
5.33%12.57Mfiled Feb 16, 2021
State Street CorpInstitution
4.83%11.39Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 24, 2026Brian Capoofficer: Chief Accounting Officer−2,900$184.00
Jun 15, 2026Jeffrey T. Hinsondirector−2,115$175.00
May 7, 2026John Hopmansofficer: EVP, M&A and Strategic Finance−93,078$166.07
May 8, 2026Michael Rowlesofficer: EVP & General Counsel−63,776$164.24
Mar 10, 2026Jeffrey T. Hinsondirector−944$165.87
View details

  • TKO Group

    UFC and WWE owner rivaling LYV for arenas, sponsor budgets, and fan spend.

  • Madison Square Garden Entertainment

    Premier NYC arenas and Radio City competing for top-grossing concert bookings.

  • Sphere Entertainment

    Las Vegas Sphere — immersive arena competing for premium headliner residencies.

  • Vivid Seats

    Secondary ticket marketplace rivaling Ticketmaster Resale and Verified Resale.

Compare

CompanyPriceChange
Live Nation Entertainment$169.67+0.29%$39.37B141.51.5+9.4%
TKO Group$190.14−0.52%$14.33B65.934.12.7+18.2%
Madison Square Garden Entertainment$82.24+1.28%$3.84B58.833.83.6+27.4%
Sphere Entertainment$147.85+1.87%$5.22B3.8−20.5%
Vivid Seats$3.85−0.13%$43.3M0.1−9.6%
Median62.433.93.2+4.3%