LYV · Live Nation Entertainment, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.79B | - | $8.50B | $7.01B | $3.38B | - | $7.65B | $6.02B | $3.80B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $961.52M | - | $1.01B | $1.00B | $778.92M | - | $1.01B | $926.22M | $981.56M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $169.30M | - | $165.60M | $159.03M | $149.46M | - | $137.00M | $137.73M | $132.59M | - |
| Operating Income | ($370.52M) | - | $792.45M | $486.65M | $114.77M | - | $639.52M | $465.82M | ($36.51M) | - |
| Interest Expense | $90.52M | - | $80.29M | $72.05M | $80.34M | - | $87.96M | $79.97M | $80.69M | - |
| Income Tax | ($32.09M) | - | $251.84M | $117.64M | $19.71M | - | $70.23M | $80.16M | $35.41M | - |
| Net Income | ($389.10M) | - | $431.46M | $243.41M | $23.20M | - | $451.81M | $297.97M | ($46.73M) | - |
| EPS - Basic | ($1.85) | - | $0.74 | $0.41 | ($0.32) | - | $1.72 | $1.05 | ($0.53) | - |
| EPS - Diluted | ($1.85) | - | $0.73 | $0.41 | ($0.32) | - | $1.66 | $1.03 | ($0.53) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $9.08B | $7.09B | $6.75B | $7.06B | $7.16B | $6.10B | $5.49B | $6.40B | $6.50B | $6.23B |
| Accounts Receivable | $1.97B | $2.01B | $2.61B | $2.46B | $1.85B | $1.75B | $2.69B | $2.46B | $2.28B | $2.07B |
| Inventory | - | $56.58M | - | - | - | $50.15M | - | - | - | $45.14M |
| Accounts Payable | - | $253.26M | $355.43M | $404.88M | $310.06M | $242.98M | $294.76M | $250.92M | $248.20M | $267.49M |
| Current Assets | $13.64B | $10.97B | $11.31B | $11.82B | $11.07B | $9.29B | $9.78B | $10.68B | $10.43B | $9.58B |
| Total Assets | $26.07B | $22.91B | $22.89B | $23.15B | $21.83B | $19.64B | $19.75B | $20.45B | $20.03B | $19.07B |
| Current Liabilities | $15.42B | $11.03B | $12.28B | $13.46B | $11.52B | $9.36B | $9.68B | $11.63B | $11.33B | $9.96B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | ($139.40M) | $271.01M | $521.34M | $360.07M | $106.00M | $173.26M | $287.97M | ($43.27M) | ($114.83M) | ($17.15M) |
| Retained Earnings | ($1.43B) | ($1.04B) | ($839.88M) | ($1.27B) | ($1.51B) | ($1.55B) | ($1.75B) | ($2.16B) | ($2.45B) | ($2.41B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.34B | - | - | - | $1.32B | - | - | - | $988.87M | - |
| Investing Cash Flow | ($417.74M) | - | - | - | ($217.40M) | - | - | - | ($170.70M) | - |
| Financing Cash Flow | $117.48M | - | - | - | ($173.19M) | - | - | - | ($478.36M) | - |
| CapEx | $308.98M | - | - | - | $170.79M | - | - | - | $134.05M | - |
| Free Cash Flow | $2.03B | - | - | - | $1.15B | - | - | - | $854.82M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -9.8% | - | 9.3% | 6.9% | 3.4% | - | 8.4% | 7.7% | -1.0% | - |
| EBITDA margin | -5.3% | - | 11.3% | 9.2% | 7.8% | - | 10.1% | 10.0% | 2.5% | - |
| Net margin | -10.3% | - | 5.1% | 3.5% | 0.7% | - | 5.9% | 4.9% | -1.2% | - |
| Free cash flow margin | 53.5% | - | - | - | 34.0% | - | - | - | 22.5% | - |
| FCF / Net income | -5.22 | - | - | - | 49.58 | - | - | - | -18.29 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 25.3% | - | 11.9% | 14.3% | 23.0% | - | 13.1% | 15.4% | 25.8% | - |
| Effective tax rate | - | - | 36.9% | 32.6% | 45.9% | - | 13.5% | 21.2% | - | - |
| Return on assets | -1.5% | - | 1.9% | 1.1% | 0.1% | - | 2.3% | 1.5% | -0.2% | - |
| Return on equity | 279.1% | - | 82.8% | 67.6% | 21.9% | - | 156.9% | -688.7% | 40.7% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.88 | 1.00 | 0.92 | 0.88 | 0.96 | 0.99 | 1.01 | 0.92 | 0.92 | 0.96 |
| Quick ratio | 0.88 | 0.99 | 0.92 | 0.88 | 0.96 | 0.99 | 1.01 | 0.92 | 0.92 | 0.96 |
| Cash ratio | 0.59 | 0.64 | 0.55 | 0.52 | 0.62 | 0.65 | 0.57 | 0.55 | 0.57 | 0.63 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -4.1x | - | 9.9x | 6.8x | 1.4x | - | 7.3x | 5.8x | -0.5x | - |
| Equity multiplier | -187.00 | 84.55 | 43.90 | 64.29 | 205.93 | 113.35 | 68.57 | -472.74 | -174.43 | -1112.32 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.15 | - | 0.37 | 0.30 | 0.15 | - | 0.39 | 0.29 | 0.19 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 189d | - | 112d | 128d | 200d | - | 129d | 149d | 219d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 223.8x | 369.0x | - | - | 66.0x | 91.0x | - | - |
| P / B | - | - | 73.6x | 98.5x | 284.9x | - | 93.3x | - | - | - |
| P / S | 9.3x | - | 4.5x | 5.1x | 8.9x | - | 3.5x | 3.8x | 6.4x | - |
| EV / EBITDA | - | - | 33.0x | 44.0x | 87.2x | - | 27.5x | 27.5x | 184.9x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 12.1% | - | 11.1% | 16.3% | -11.0% | - | -6.1% | 7.0% | 21.5% | - |
| Revenue CAGR (3y) | 6.6% | - | 11.4% | 16.5% | 23.3% | - | 41.5% | 118.7% | 135.6% | - |
| Revenue CAGR (5y) | 67.2% | - | 115.2% | 148.4% | 19.9% | - | 15.2% | 13.8% | 17.1% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | 23.9% | 4.5% | - | - | 3.4% | 20.6% | - | - |
| Net income growth (YoY) | - | - | -4.5% | -18.3% | - | - | -6.6% | 1.5% | -1374.7% | - |
| EPS growth (YoY) | -478.1% | - | -56.0% | -60.2% | 39.6% | - | -6.7% | 1.0% | -112.0% | - |
| EPS CAGR (3y) | - | - | -19.3% | -14.7% | - | - | 106.0% | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | 18.5% | 20.2% | - | - |
| FCF growth (YoY) | 76.4% | - | - | - | 34.6% | - | - | - | -17.7% | - |
| FCF CAGR (5y) | 109.1% | - | - | - | 16.0% | - | - | - | 15.7% | - |
| Book value growth (YoY) | - | 56.4% | 81.0% | - | - | - | 29.9% | 76.9% | 75.1% | 95.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$25.20B totalConcerts$20.86B · 82.8%
Ticketing$3.08B · 12.2%
Sponsorship And Advertising$1.33B · 5.3%
All Other Segments($69.72M) · -0.3%
Geographic
$36.07B totalTotal Domestic Operations$14.33B · 39.7%
Total Foreign Operations$10.87B · 30.1%
Europe$5.82B · 16.1%
Total Other Foreign Operations$5.06B · 14.0%
Peer comparison
Same SIC group: Services-Amusement & Recreation Services
Comparing Live Nation Entertainment against the 5 most active filers in the same SIC group.