Live Nation Entertainment, Inc. (LYV)
As-reported financials and SEC filings for Live Nation Entertainment, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.
About Live Nation Entertainment, Inc.
Live Nation Entertainment, Inc. operates as a live entertainment company producing music concerts and managing artists worldwide. It owns and operates music venues, promotes live events, and provides ticketing services through its Ticketmaster platform, serving artists, venues, sports teams, and event organizers globally. The company also generates revenue from sponsorship and advertising partnerships connected to its live events and digital platforms.
Snapshot
Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
What changed at Live Nation Entertainment
- Revenue grew 8.8% to $25.2B in FY2025, faster than the 1.9% the year before.
- Operating margin turned positive at 5.0% in FY2025, from a 6.7% operating loss in FY2021.
- Most recent quarter Q2 FY2026: revenue $7.7B, up 9.4% from Q2 FY2025.
- Free cash flow was $334M in FY2025, 1.3% of revenue.
- Net income fell 44.7% to $496M in FY2025.
Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.
Peer comparison
Where Live Nation Entertainment’s fundamentals sit among the 213 Communication Services companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).
Live Nation Entertainment’s return on equity of 55.5% ranks in the 98th percentile of the 162 Communication Services companies reporting it. Live Nation Entertainment’s long-term debt to equity of 8.51 ranks in the 95th percentile of the 100 Communication Services companies reporting it.
No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $533,600. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →
Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.
Institutional ownership
Held by 5 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).
| Investor | As of | Position value | Shares | Change |
|---|---|---|---|---|
| Third Point | Q2 2026 | $207.8M | 1.1M | Added |
| Citadel Advisorsquant | Q2 2026 | $130.5M | 712.9K | Reduced |
| AQR Capital Managementquant | Q2 2026 | $100.6M | 550.9K | Added |
| ValueAct Capital | Q2 2026 | $55.3M | 302.1K | Reduced |
| Millennium Managementquant | Q2 2026 | $47.6M | 260.1K | Added |
| Two Sigma Investmentsquant | Q2 2026 | $43.5M | 237.4K | Added |
| Gotham Asset Management | Q2 2026 | $6.0M | 32.6K | Reduced |
| D. E. Shawquant | Q2 2026 | $4.2M | 23.1K | Added |
| Southeastern Asset Management | Q2 2026 | $1.5M | 8.4K | Held |
| Dodge & Cox | Q2 2026 | $274,665 | 1.5K | Held |
No longer held by: Bridgewater Associates (as of Q2 2026), Point72 Asset Management (as of Q2 2026)
From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.
Recent insider activity
Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.
| Trade date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
2026-08-24 filed 2026-08-25 | Brian CapoChief Accounting Officer | Sell | 2.9K | $184.00 | $534K |
2026-06-15 filed 2026-06-16 | Jeffrey T. HinsonDirector | Sell | 2.1K | $175.00 | $370K |
2026-05-08 | Michael RowlesEVP & General Counsel | Sell | 37.7K | $163.07 | $6.1M |
2026-05-08 | Michael RowlesEVP & General Counsel | Sell | 16.8K | $165.98 | $2.8M |
2026-05-08 | Michael RowlesEVP & General Counsel | Sell | 5.7K | $166.36 | $950K |
2026-05-08 | Michael RowlesEVP & General Counsel | Sell | 3.6K | $164.96 | $602K |
2026-05-07 filed 2026-05-08 | John HopmansEVP, M&A and Strategic Finance | Sell | 47.0K | $166.60 | $7.8M |
2026-05-07 filed 2026-05-08 | John HopmansEVP, M&A and Strategic Finance | Sell | 18.9K | $164.37 | $3.1M |
2026-05-07 filed 2026-05-08 | John HopmansEVP, M&A and Strategic Finance | Sell | 12.8K | $165.81 | $2.1M |
2026-05-07 filed 2026-05-08 | John HopmansEVP, M&A and Strategic Finance | Sell | 6.0K | $166.78 | $997K |
2026-05-07 filed 2026-05-08 | John HopmansEVP, M&A and Strategic Finance | Sell | 4.8K | $167.41 | $796K |
2026-05-07 filed 2026-05-08 | John HopmansEVP, M&A and Strategic Finance | Sell | 3.6K | $166.19 | $602K |
Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.
Short interest
Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 2026-10-15 | 24.2M | +1.3% | 12.70 |
| 2026-09-30 | 23.9M | +3.3% | 11.91 |
| 2026-09-15 | 23.1M | -4.2% | 11.81 |
| 2026-08-31 | 24.1M | -1.6% | 15.05 |
| 2026-08-14 | 24.5M | -0.2% | 12.22 |
| 2026-07-31 | 24.6M | -2.8% | 11.64 |
| 2026-07-15 | 25.3M | +5.5% | 12.36 |
| 2026-06-30 | 24.0M | +5.6% | 7.20 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.
Income statement (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $25.20B | $23.16B | $22.73B | $16.68B | $6.27B |
| Gross profit | — | — | — | — | — |
| Operating income | $1.25B | $824.5M | $1.08B | $722.0M | $-417.9M |
| Pre-tax income | $1.03B | $739.4M | $913.3M | $490.5M | $-611.3M |
| Net income | $496.0M | $896.3M | $556.9M | $266.4M | $-650.9M |
| Diluted EPS | $-0.24 | $2.74 | $1.34 | $0.52 | $-3.09 |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.
Balance sheet (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | $7.09B | $6.10B | $6.23B | $5.61B | $4.88B |
| Current assets | $10.97B | $9.29B | $9.53B | $8.16B | $6.68B |
| Total assets | $22.91B | $19.64B | $19.03B | $16.46B | $14.40B |
| Current liabilities | $11.03B | $9.36B | $9.98B | $8.30B | $6.86B |
| Long-term debt | $7.61B | $6.18B | $5.46B | $5.28B | $5.15B |
| Total liabilities | |||||
| Total equity | $894.4M | $819.0M | $552.0M | $65.0M | $-192.5M |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.
Cash flow (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.40B | $1.73B | $1.36B | $1.84B | $1.78B |
| Capital expenditure | $1.06B | $646.6M | $438.6M | $347.2M | $152.7M |
| Free cash flow |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.
Quarterly trend
| Quarter | Revenue | Revenue YoY | Net income | Diluted EPS |
|---|---|---|---|---|
| Q2 FY2026 | $7.67B | 9.4% | $294.4M | $1.05 |
| Q1 FY2026 | $3.79B | 12.1% | $-389.1M | $-1.85 |
| Q4 FY2025 | 11.1% | |||
| Q3 FY2025 | $8.50B | 11.1% | $431.5M | — |
| Q2 FY2025 | $7.01B | 16.3% | $243.4M | — |
| Q1 FY2025 | $3.38B | -11.0% | $23.2M | — |
| Q4 FY2024 | -2.4% | |||
| Q3 FY2024 | $7.65B | -6.2% | $451.8M | $1.66 |
Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.
Company facts
Selected SEC filings
Largest Communication Services peers
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.