Live Nation Entertainment
Promotes concerts, operates venues, runs Ticketmaster, and sells sponsorships across its event network.
Something off on this page? Send us feedback.
Profile
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
Categories
Key statistics
Year to date +25.0% · Average volume (30d) 1.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 31, 2026 | Deutsche Bank | Reiterate | Buy | $173 | $205 | |
| Jul 31, 2026 | Susquehanna | Reiterate | Neutral | $186 | $187 | |
| Jul 31, 2026 | Oppenheimer | Reiterate | Outperform | $100 | $210 | |
| Jul 31, 2026 | Bernstein | Reiterate | Outperform | $215 | ||
| Jul 31, 2026 | Guggenheim | Reiterate | Buy | $197 | $218 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.66 | $1.05 | +58.9% | $7.56B | $7.67B | +1.5% | −5.14% |
| May 5, 2026Q1 FY26 | −$0.35 | −$1.85 | −427.2% | $3.57B | $3.79B | +6.2% | +6.72% |
| Feb 19, 2026Q4 FY25 | −$1.02 | −$1.06 | −3.9% | $6.10B | $6.31B | +3.4% | +3.31% |
| Nov 4, 2025Q3 FY25 | $1.31 | $0.73 | −44.3% | $8.56B | $8.50B | −0.7% | −10.59% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.38B | $7.01B | $8.50B | $6.31B | $3.79B | $7.67B | |
| Gross profit | $1.13B | $1.80B | $7.23B | $1.29B | $1.31B | $1.94B | |
| Operating income | $114.8M | $486.7M | $792.5M | −$25.6M | −$376.5M | $513.4M | |
| Net income | $23.2M | $243.4M | $431.5M | −$202.1M | −$389.1M | $294.4M | |
| Diluted EPS | −$0.32 | $0.41 | $0.73 | −$1.05 | −$1.85 | $1.05 | |
| Gross margin | 33.3% | 25.6% | 85.1% | 20.4% | 34.7% | 25.3% | |
| Operating margin | 3.4% | 6.9% | 9.3% | -0.4% | -9.9% | 6.7% |
Fiscal years (4-quarter sums)FY21 $6.27B · FY22 $16.68B · FY23 $22.75B · FY24 $23.16B · FY25 $25.20B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $9.07B · Total debt $11.28B · Total assets $28.18B · Shareholders' equity $82.3M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 232.71M · Float 156.94M · 67.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Liberty Live Holdings, Inc. | 69.65M | 29.70% | 13D | Dec 17, 2025 |
| BlackRock, Inc. | 13.52M | 5.81% | 13F | Aug 7, 2026 |
| George S. Loening | 12.57M | 5.40% | 13D/G | Nov 14, 2024 |
| State Street Corp | 11.39M | 4.89% | 13F | Aug 7, 2026 |
| FMR LLC | 10.70M | 4.60% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Brian Capo | officer: Chief Accounting Officer | −2,900 | $184.00 |
| Jun 15, 2026 | Jeffrey T. Hinson | director | −2,115 | $175.00 |
| May 7, 2026 | John Hopmans | officer: EVP, M&A and Strategic Finance | −93,078 | $166.07 |
| May 8, 2026 | Michael Rowles | officer: EVP & General Counsel | −63,776 | $164.24 |
| Mar 10, 2026 | Jeffrey T. Hinson | director | −944 | $165.87 |
Peers
- 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.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Live Nation Entertainment | $181.50 | −0.07% | $42.27B | — | 151.4 | 1.6 | +9.4% |
| TKO Group | $185.76 | +0.63% | $13.84B | 63.7 | 33.1 | 2.6 | +18.2% |
| Madison Square Garden Entertainment | $78.30 | −0.04% | $3.70B | 56.7 | 32.2 | 3.5 | +27.4% |
| Sphere Entertainment | $141.68 | +0.03% | $5.10B | — | — | 3.8 | +5.4% |
| Vivid Seats | $6.05 | +1.83% | $67.7M | — | — | 0.1 | −9.6% |
| Median | 60.2 | 32.6 | 3.1 | +11.8% |