Live Nation Entertainment, Inc. logo LYV - Live Nation Entertainment, Inc.

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STRONG
BUY
0
BUY 39
HOLD 5
SELL 0
STRONG
SELL
0
| PRICE TARGET: $183.88 DETAILS
HIGH: $198.00
LOW: $155.00
MEDIAN: $187.50
CONSENSUS: $183.88
UPSIDE: 11.07%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Revenue
Revenue 25,201.4 23,155.6 22,726.3 16,681.3 6,268.4 1,861.2 11,548.0 10,787.8 9,687.2 7,826.3 7,245.7 6,867.0 6,478.5 5,819.0 5,384.0 5,063.7 4,181.0 4,085.3 3,755.5 3,294.5 2,936.8 2,806.1 2,707.9 2,473.3 2,543.7
Cost of Revenue 19,402.2 17,328.2 17,250.5 12,347.6 4,356.0 1,402.4 8,467.2 7,967.9 7,181.9 5,639.2 5,196.5 4,920.0 4,680.5 4,151.3 3,789.5 3,658.3 3,357.2 3,299.4 3,049.5 2,712.7 2,829.8 2,185.1 2,506.6 1,853.1 2,386.5
Gross Profit 5,799.2 5,827.5 5,475.8 4,333.6 1,912.5 458.8 3,080.8 2,819.9 2,505.3 2,187.2 2,049.3 1,947.0 1,798.0 1,667.8 1,594.5 1,405.4 823.8 785.9 706.0 581.7 107.0 621.0 201.3 620.2 157.2
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 4,091.8 4,096.4 3,557.2 2,955.9 1,745.8 1,524.3 2,145.5 1,997.0 1,907.7 1,548.5 1,411.9 1,337.3 1,226.9 1,143.6 1,112.0 1,014.5 675.9 672.1 593.0 469.0 50.7 460.2 0 449.6 0
Other Expenses 223.5 906.5 833.7 655.7 584.5 587.6 610.5 550.3 506.2 443.8 506.0 602.5 431.5 545.8 464.2 454.6 200.3 411.1 96.2 113.6 69.5 101.9 247.3 75.7 347.4
Operating Expenses 4,315.3 5,003.0 4,390.9 3,611.6 2,330.3 2,112.0 2,755.9 2,547.3 2,413.9 1,992.2 1,917.9 1,939.8 1,658.4 1,689.4 1,576.2 1,469.1 876.1 1,083.2 689.2 582.6 120.2 562.0 247.3 525.3 347.4
Operating Income
Operating Income 1,483.9 824.5 1,084.9 722.0 (417.9) (1,653.2) 324.8 272.5 91.4 194.9 131.4 7.2 139.7 (21.6) 18.3 (63.7) (52.4) (297.3) 16.8 (0.9) (13.2) 59.0 (46.0) 94.9 (190.2)
Interest Expense 316.0 326.0 350.2 278.5 282.4 226.8 157.5 141.0 107.8 106.5 102.9 106.3 111.7 123.7 120.4 116.5 66.4 63.0 0 37.2 52.5 0 2.8 0 0
Interest Income 150.4 156.3 237.8 77.6 6.6 11.7 14.4 9.0 5.7 2.6 3.5 3.6 5.1 4.2 4.2 3.8 2.2 0 0 12.4 0 0 0 0 0
Profitability
EBITDA 2,073.8 1,615.3 1,780.3 1,219.0 87.5 (1,144.8) 786.6 658.6 470.6 473.4 506.5 374.6 475.4 421.1 366.8 249.5 114.4 (139.4) 139.8 128.0 51.4 123.1 17.4 159.8 109.1
EBIT 1,346.6 1,065.4 1,263.5 769.0 (328.8) (1,629.8) 342.6 272.1 98.4 154.8 109.2 6.5 106.5 (8.4) 23.8 (72.1) (48.3) (287.6) 16.8 (0.9) (13.2) 59.0 (46.0) 94.9 (190.2)
Income Before Tax 1,030.5 739.4 913.3 490.5 (611.3) (1,856.7) 185.1 131.1 (9.4) 48.3 6.4 (99.8) (5.1) (132.2) (96.6) (188.7) (114.7) (357.7) (42.5) 36.3 (69.1) 14.7 68.4 32.4 (255.3)
Income Tax Expense 339.8 (391.7) 209.5 115.9 (2.5) (28.9) 66.9 40.8 (17.2) 28.0 22.1 4.6 30.9 29.7 (26.2) 15.2 11.3 (24.3) 13.3 18.6 61.5 (1.5) 11.3 29.0 (0.5)
Net Income 496.0 896.3 556.9 266.4 (650.9) (1,724.5) 69.9 60.2 (6.0) 2.9 (32.5) (90.8) (43.4) (163.2) (83.0) (228.4) (60.2) (239.4) (11.9) (31.4) (130.6) 16.3 57.0 (3,928.6) (254.7)
Per Share Data
EPS (Basic) -0.24 2.77 1.35 0.66 -3.09 -8.12 -0.02 -0.09 -0.48 -0.23 -0.33 -0.49 -0.23 -0.88 -0.46 -1.39 -0.73 -3.14 -0.17 -0.48 -1.96 0.24 0.84 -58.15 -3.77
EPS (Diluted) -0.24 2.74 1.34 0.64 -3.09 -8.12 -0.02 -0.09 -0.48 -0.23 -0.33 -0.49 -0.23 -0.88 -0.46 -1.39 -0.73 -3.14 -0.17 -0.48 -1.96 0.24 0.84 -58.15 -3.77
Shares Outstanding 231.8 230.1 228.6 224.8 217.2 212.3 210.1 207.4 204.9 202.1 201.0 198.9 193.9 187.0 182.4 164.4 82.7 76.2 68.4 64.9 66.8 67.6 67.6 67.6 67.6
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001
Current Assets
Cash & Cash Equivalents 7,107.0 6,095.4 6,231.9 5,606.5 4,884.7 2,537.8 2,470.4 2,371.5 1,825.3 1,526.6 237.0 199.7 179.1 116.4 0 0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 2,082.0 1,779.3 2,068.5 1,499.6 1,085.8 501.3 1,029.4 844.5 746.6 568.9 176.2 217.3 167.9 180.4 0 0
Inventory 56.6 50.1 45.1 38.7 33.8 22 16.1 12.6 17.5 15.1 0 0 0 0 0 0
Other Current Assets 275.1 118.0 40.3 64.9 24.9 11.6 9.9 21.6 16.7 34.7 27.1 28.5 42.0 38.2 0 0
Total Current Assets 10,974.4 9,290.1 9,533.3 8,159.5 6,684.1 3,649.8 4,192.9 3,848.1 3,152.7 2,673.6 717.9 639.8 472.6 423.6 0 0
Non-Current Assets
Property, Plant & Equipment 5,285.5 4,059.9 3,707.9 3,059.1 2,630.8 2,525.6 2,520.0 946.6 885.9 751.5 750.0 887.7 793.3 782.2 0 0
Goodwill 2,889.2 2,620.9 2,691.5 2,529.4 2,590.9 2,129.2 1,998.5 1,822.9 1,754.6 1,747.1 204.7 205.3 44.8 127.1 0 0
Intangible Assets 1,447.5 1,366.4 1,539.0 1,419.3 1,395.4 1,224.7 1,239.1 1,030.3 1,098.3 1,180.8 470.9 514.5 14.8 15.6 0 0
Long-Term Investments 748.7 504.2 447.5 408.8 293.6 170.5 167.6 137.2 105.3 82.0 2.1 18.5 27.0 19.7 0 0
Other Non-Current Assets 1,116.3 1,219.3 1,067.7 884.8 807.5 889.5 857.6 711.8 507.4 329.3 196.3 210.9 126.2 127.5 0 0
Total Non-Current Assets 11,938.1 10,348.6 9,496.3 8,301.3 7,718.2 6,939.5 6,782.7 4,648.8 4,351.5 4,090.7 1,623.9 1,838.8 1,006.1 1,072.1 0 0
Total Assets 22,912.5 19,638.8 19,074.0 16,460.8 14,402.3 10,589.3 10,975.6 8,496.9 7,504.3 6,764.3 2,341.8 2,478.7 1,478.7 1,495.7 1,518.6 5,391.1
Current Liabilities
Account Payables 2,194.7 2,102.7 2,134.4 1,971.1 1,643.0 830.5 1,106.1 1,127.4 1,034.3 781.5 50.8 53.6 31.4 41.3 0 0
Short-Term Debt 755.4 260.9 1,134.4 620.0 585.3 53.4 37.8 82.1 347.6 53.3 41.0 48.6 1.2 1.3 0 0
Deferred Revenue 4,462.0 3,721.1 3,398.0 3,134.8 2,774.8 1,839.3 1,391.0 1,227.8 925.2 805.0 284.5 225.7 0 335.8 0 0
Other Current Liabilities 2,997.2 575.4 658.4 608.7 370.2 162.2 335.6 332.1 394.1 231.2 18.7 64.4 184.4 169.4 0 0
Total Current Liabilities 11,028.9 9,358.3 9,959.9 8,303.3 6,855.7 3,796.6 4,107.6 3,749.9 3,577 2,460.3 752.2 771.2 579.3 547.8 0 0
Non-Current Liabilities
Long-Term Debt 9,644.8 6,177.2 5,452.8 5,283.5 5,145.5 4,855.1 3,271.3 2,732.9 1,952.4 2,259.7 699.0 837.1 649.5 616.6 0 0
Deferred Tax Liabilities 83.3 140.2 324.7 305.5 236.5 170.8 178.2 137.1 137.6 197.8 0 0 0 0 0 0
Other Non-Current Liabilities (1,777.5) 217.5 102.9 93.5 78.3 93.9 96.3 177.5 164.8 144.3 165.0 186.4 83.4 139.4 0 0
Total Non-Current Liabilities 10,064.8 8,335.2 7,633.3 7,394.0 7,183.1 6,654.0 4,954.6 3,074.9 2,264.4 2,607.3 864.1 1,023.4 738.5 756.0 0 0
Total Liabilities 21,093.7 17,693.5 17,593.2 15,697.3 14,038.9 10,450.6 9,062.2 6,824.8 5,841.4 5,067.7 1,616.3 1,794.7 1,317.8 1,303.7 1,287.7 0
Stockholders' Equity
Common Stock 2.3 2.3 2.3 2.3 2.2 2.1 2.1 2.1 2.1 2.0 0.9 0.8 0 0 0 0
Retained Earnings (1,042.0) (1,546.8) (2,407.9) (2,971.2) (3,327.7) (2,676.8) (949.3) (1,019.2) (1,079.5) (1,073.5) (433.8) (362.7) (4,187.9) (4,204.1) 0 0
Accumulated Other Comprehensive Income (114.9) (335.1) 27.4 (90.1) (148.0) (177.0) (145.7) (145.2) (108.5) (176.7) 4.2 (1.0) (13.5) 5.0 0 0
Total Stockholders' Equity 271.0 173.3 (17.1) (367.6) (582.7) (471.8) 1,145.8 1,099.0 1,181.2 1,126.0 652.3 622.3 157.0 188.3 230.9 3,702.0
Total Liabilities & Equity 22,912.5 19,638.8 19,074.0 16,460.8 14,402.3 10,589.3 10,975.6 8,496.9 7,504.3 6,764.3 2,341.8 2,478.7 1,478.7 1,495.7 1,518.6 5,391.1
Debt Metrics
Total Debt 12,441.4 8,271.7 8,437.9 7,698.3 7,460.5 6,461.3 4,805.5 2,815.0 2,300.0 2,313.1 740.1 885.7 650.7 617.8 0 0
Net Debt 5,334.4 2,176.3 2,206.1 2,091.8 2,575.8 3,923.5 2,335.1 443.5 474.6 786.5 503.1 686.1 471.5 501.5 0 0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003
Operating Activities
Net Income 690.7 1,131.1 703.8 409.2 (608.8) (1,827.8) 118.2 90.3 7.8 20.3 (130.6) 16.3 57.0
Depreciation & Amortization 638.9 549.9 516.8 450.0 416.3 485.0 444.0 386.5 455.5 403.7 64.6 64.1 63.4
Stock-Based Compensation 155.2 110.3 116.0 110.0 209.3 116.9 48.8 45.6 42.8 32.7 1.3 0 0
Change in Working Capital (287.7) 651.1 (137.3) 637.9 1,774.0 79.5 (287.9) 266.3 129.0 82.2 30.6 37.5 29.2
Other Non-Cash Items 218.7 (8.8) 207.7 217.8 (0.6) 101.7 147.2 159.1 59.5 66.5 (66.5) (52.4) (90.6)
Operating Cash Flow 1,395.3 1,725.2 1,363.0 1,832.1 1,780.6 (1,083.4) 469.8 941.6 623.0 597.5 13.9 119.9 138.7
Investing Activities
Capital Expenditure (1,061.7) (675.2) (475.3) (353.3) (159.8) (222.6) (365.8) (275.5) (249.4) (180.1) (92.5) (73.4) (69.9)
Acquisitions (80.0) (124.4) (70.9) (344.5) (404.4) (33.3) (290.9) (166.7) (73.1) (240.5) (8.5) 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments (1.4) 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (83.4) (63.3) (186.3) (93.0) (9.8) 23.0 (76.5) (90.4) (16.0) (12.1) (5.1) (10.6) 18.0
Investing Cash Flow (1,226.5) (854.3) (695.8) (784.7) (567.0) (224.1) (691) (496.9) (327.6) (426.5) (106.0) (84.1) (52.0)
Financing Activities
Net Debt Issuance 1,665.1 (287.9) 330.4 76.5 794.1 1,576.4 500.1 458.3 (49.9) 237.6 343.9 24.1 (56.9)
Stock Repurchased (23.5) 0 0 0 0 0 0 0 0 0 (18.0) 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 (76.7) 0 0
Other Financing Activities (1,240.2) (396.7) (417.7) (219.8) (72.4) (226.3) (171.2) (269.5) (77.1) (138.4) 0 (0.8) 0
Financing Cash Flow 406.5 (658.5) (87.3) (143.3) 1,171.3 1,350.1 328.9 188.8 (127.1) 99.2 345.4 23.3 (56.9)
Cash Position
Net Change in Cash 1,000.9 (132.8) 618.8 732.4 2,341.4 72.2 96.0 549.4 298.7 223.5 224.6 62.8 11.5
Cash at Beginning 6,106.1 6,239.0 5,620.2 4,887.8 2,546.4 2,474.2 2,378.2 1,828.8 1,526.6 1,303.1 179.1 116.4 104.9
Cash at End 7,107.0 6,106.1 6,239.0 5,612.4 4,887.8 2,546.4 2,474.2 2,378.2 1,825.3 1,526.6 403.7 179.1 116.4
Free Cash Flow 333.6 1,050.0 887.7 1,481.8 1,620.7 (1,306.0) 104.0 666.1 374.1 418.7 (78.6) 46.5 68.8
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Income Statement
Revenue 25,201.4 23,155.6 22,726.3 16,681.3 6,268.4 1,861.2 11,548.0 10,787.8 9,687.2 7,826.3 7,245.7 6,867.0 6,478.5 5,819.0 5,384.0 5,063.7 4,181.0 4,085.3 3,755.5 3,294.5 2,936.8 2,806.1 2,707.9 2,473.3 2,543.7
Gross Profit 5,799.2 5,827.5 5,475.8 4,333.6 1,912.5 458.8 3,080.8 2,819.9 2,505.3 2,187.2 2,049.3 1,947.0 1,798.0 1,667.8 1,594.5 1,405.4 823.8 785.9 706.0 581.7 107.0 621.0 201.3 620.2 157.2
Operating Income 1,483.9 824.5 1,084.9 722.0 (417.9) (1,653.2) 324.8 272.5 91.4 194.9 131.4 7.2 139.7 (21.6) 18.3 (63.7) (52.4) (297.3) 16.8 (0.9) (13.2) 59.0 (46.0) 94.9 (190.2)
Net Income 496.0 896.3 556.9 266.4 (650.9) (1,724.5) 69.9 60.2 (6.0) 2.9 (32.5) (90.8) (43.4) (163.2) (83.0) (228.4) (60.2) (239.4) (11.9) (31.4) (130.6) 16.3 57.0 (3,928.6) (254.7)
EPS (Diluted) -0.24 2.74 1.34 0.64 -3.09 -8.12 -0.02 -0.09 -0.48 -0.23 -0.33 -0.49 -0.23 -0.88 -0.46 -1.39 -0.73 -3.14 -0.17 -0.48 -1.96 0.24 0.84 -58.15 -3.77
Balance Sheet
Cash & Equivalents 7,107.0 6,095.4 6,231.9 5,606.5 4,884.7 2,537.8 2,470.4 2,371.5 1,825.3 1,526.6 237.0 199.7 179.1 116.4 0 0
Total Assets 22,912.5 19,638.8 19,074.0 16,460.8 14,402.3 10,589.3 10,975.6 8,496.9 7,504.3 6,764.3 2,341.8 2,478.7 1,478.7 1,495.7 1,518.6 5,391.1
Total Debt 12,441.4 8,271.7 8,437.9 7,698.3 7,460.5 6,461.3 4,805.5 2,815.0 2,300.0 2,313.1 740.1 885.7 650.7 617.8 0 0
Stockholders' Equity 271.0 173.3 (17.1) (367.6) (582.7) (471.8) 1,145.8 1,099.0 1,181.2 1,126.0 652.3 622.3 157.0 188.3 230.9 3,702.0
Cash Flow
Operating Cash Flow 1,395.3 1,725.2 1,363.0 1,832.1 1,780.6 (1,083.4) 469.8 941.6 623.0 597.5 13.9 119.9 138.7
Capital Expenditure (1,061.7) (675.2) (475.3) (353.3) (159.8) (222.6) (365.8) (275.5) (249.4) (180.1) (92.5) (73.4) (69.9)
Free Cash Flow 333.6 1,050.0 887.7 1,481.8 1,620.7 (1,306.0) 104.0 666.1 374.1 418.7 (78.6) 46.5 68.8