LLYVK
Liberty Live Group
Entertainment
Market Cap$8.95B
5Y Perf.+189.5%
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Stock Comparison
LLYVK vs LYV vs MSGE vs SPOT
Revenue, margins, valuation, and 5-year total return — side by side.
LYV
Live Nation Entertainment, Inc.
Entertainment
Market Cap$38.65B
5Y Perf.+96.8%
MSGE
Madison Square Garden Entertainment Corp.
Entertainment
Market Cap$3.15B
5Y Perf.+107.9%
SPOT
Spotify Technology S.A.
Internet Content & Information
Market Cap$87.98B
5Y Perf.+177.6%
LLYVK vs LYV vs MSGE vs SPOT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | LLYVK | LYV | MSGE | SPOT |
|---|---|---|---|---|
| Industry | Entertainment | Entertainment | Entertainment | Internet Content & Information |
| Market Cap | $8.95B | $38.65B | $3.15B | $87.98B |
| Revenue (TTM) | $2.18B | $25.61B | $1.16B | $17.60B |
| Net Income (TTM) | $-13M | $84M | $42M | $2.72B |
| Gross Margin | 37.9% | 40.3% | 31.5% | 32.3% |
| Operating Margin | 0.9% | 3.4% | 10.1% | 13.7% |
| Forward P/E | 129.9x | 115.8x | 56.8x | 33.0x |
| Total Debt | $1.67B | $12.44B | $1.20B | $2.32B |
| Cash & Equiv. | $1.05B | $7.11B | $43M | $5.26B |
LLYVK vs LYV vs MSGE vs SPOT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
LLYVK
LYV
MSGE
SPOT
| Stock | Aug 23 | May 26 | Return |
|---|---|---|---|
| Liberty Live Group (LLYVK) | 100 | 289.5 | +189.5% |
| Live Nation Enterta… (LYV) | 100 | 196.8 | +96.8% |
| Madison Square Gard… (MSGE) | 100 | 207.9 | +107.9% |
| Spotify Technology … (SPOT) | 100 | 277.6 | +177.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: LLYVK vs LYV vs MSGE vs SPOT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: SPOT leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Madison Square Garden Entertainment Corp. is the stronger pick specifically for recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
LLYVK
Liberty Live Group
The Specific-Use Pick
LLYVK plays a supporting role in this comparison — it may shine differently against other peers.
Best for: communication services exposure
LYV
Live Nation Entertainment, Inc.
The Long-Run Compounder
LYV is the clearest fit if your priority is long-term compounding.
- 6.2% 10Y total return vs LLYVK's 188.1%
Best for: long-term compounding
MSGE
Madison Square Garden Entertainment Corp.
The Momentum Pick
MSGE is the #2 pick in this set and the best alternative if momentum is your priority.
- +83.6% vs SPOT's -35.0%
Best for: momentum
SPOT
Spotify Technology S.A.
The Income Pick
SPOT carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- beta 0.66
- Rev growth 9.7%, EPS growth 91.1%, 3Y rev CAGR 13.6%
- Lower volatility, beta 0.66, Low D/E 27.9%, current ratio 1.72x
- Beta 0.66, current ratio 1.72x
Best for: income & stability and growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | SPOT | 9.7% revenue growth vs LLYVK's -393.1% |
| Value | SPOT | Lower P/E (33.0x vs 56.8x) |
| Quality / Margins | SPOT | 15.5% margin vs LLYVK's -0.6% |
| Stability / Safety | SPOT | Beta 0.66 vs MSGE's 0.94 |
| Dividends | Tie | None of these 4 stocks pay a meaningful dividend |
| Momentum (1Y) | MSGE | +83.6% vs SPOT's -35.0% |
| Efficiency (ROA) | SPOT | 19.3% ROA vs LLYVK's -0.1%, ROIC 40.5% vs -4.9% |
LLYVK vs LYV vs MSGE vs SPOT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FY 2025
FY 2025
FY 2024
LLYVK vs LYV vs MSGE vs SPOT — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLSPOTLAGGINGMSGE
Who Leads Where
SPOT leads in 2 of 6 categories
LLYVK leads 0 • LYV leads 0 • MSGE leads 0 • 3 tied
Explore the data ↓MSGEMadison Square Garden…
0leads
LYVLive Nation Entertain…
0leads
LLYVKLiberty Live Group
0leads
SPOTSpotify Technology S.…
2leads
6 Total Categories
CATEGORYLEADERvs LLYVKvs LYVMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
SPOT3/6
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
SPOT8/9
Total Returns1Y, 3Y, 5Y total returns with dividends
Tied
—
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
SPOT leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
LYV is the larger business by revenue, generating $25.6B annually — 22.1x MSGE's $1.2B. SPOT is the more profitable business, keeping 15.5% of every revenue dollar as net income compared to LLYVK's -0.6%. On growth, MSGE holds the edge at +59.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | LLYVKLiberty Live Group | LYVLive Nation Enter… | MSGEMadison Square Ga… | SPOTSpotify Technolog… |
|---|---|---|---|---|
| RevenueTrailing 12 months | $2.2B | $25.6B | $1.2B | $17.6B |
| EBITDAEarnings before interest/tax | $259M | $1.6B | $245M | $2.5B |
| Net IncomeAfter-tax profit | -$13M | $84M | $42M | $2.7B |
| Free Cash FlowCash after capex | $647M | $1.2B | $289M | $3.2B |
| Gross MarginGross profit ÷ Revenue | +37.9% | +40.3% | +31.5% | +32.3% |
| Operating MarginEBIT ÷ Revenue | +0.9% | +3.4% | +10.1% | +13.7% |
| Net MarginNet income ÷ Revenue | -0.6% | +0.3% | +3.6% | +15.5% |
| FCF MarginFCF ÷ Revenue | +29.7% | +4.8% | +25.0% | +18.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | +12.1% | +59.4% | +10.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +100.0% | -4.8% | -123.5% | +2.3% |
SPOT leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
Evenly matched — LYV and SPOT each lead in 3 of 6 comparable metrics.
Valuation Metrics
At 34.6x trailing earnings, SPOT trades at a 60% valuation discount to MSGE's 86.6x P/E. On an enterprise value basis, LYV's 19.9x EV/EBITDA is more attractive than SPOT's 31.3x.
| Metric | LLYVKLiberty Live Group | LYVLive Nation Enter… | MSGEMadison Square Ga… | SPOTSpotify Technolog… |
|---|---|---|---|---|
| Market CapShares × price | $9.0B | $38.6B | $3.2B | $88.0B |
| Enterprise ValueMkt cap + debt − cash | $9.6B | $44.0B | $4.3B | $84.5B |
| Trailing P/EPrice ÷ TTM EPS | -102.54x | -692.98x | 86.64x | 34.61x |
| Forward P/EPrice ÷ next-FY EPS est. | 129.88x | 115.80x | 56.83x | 32.95x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | — | 19.89x | 23.97x | 31.28x |
| Price / SalesMarket cap ÷ Revenue | 23.44x | 1.53x | 3.35x | 4.36x |
| Price / BookPrice ÷ Book value/share | — | 21.20x | — | 9.20x |
| Price / FCFMarket cap ÷ FCF | — | 115.84x | 33.88x | 26.07x |
Evenly matched — LYV and SPOT each lead in 3 of 6 comparable metrics.
Profitability & Efficiency
SPOT leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
SPOT delivers a 35.3% return on equity — every $100 of shareholder capital generates $35 in annual profit, vs $-0 for LLYVK. SPOT carries lower financial leverage with a 0.28x debt-to-equity ratio, signaling a more conservative balance sheet compared to LYV's 6.84x. On the Piotroski fundamental quality scale (0–9), MSGE scores 6/9 vs LLYVK's 4/9, reflecting solid financial health.
| Metric | LLYVKLiberty Live Group | LYVLive Nation Enter… | MSGEMadison Square Ga… | SPOTSpotify Technolog… |
|---|---|---|---|---|
| ROE (TTM)Return on equity | -0.3% | +4.4% | +7.7% | +35.3% |
| ROA (TTM)Return on assets | -0.1% | +0.4% | +1.8% | +19.3% |
| ROICReturn on invested capital | -4.9% | +19.7% | +8.5% | +40.5% |
| ROCEReturn on capital employed | -8.0% | +13.4% | +11.0% | +26.7% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 | 6 | 6 |
| Debt / EquityFinancial leverage | — | 6.84x | — | 0.28x |
| Net DebtTotal debt minus cash | $612M | $5.3B | $1.2B | -$2.9B |
| Cash & Equiv.Liquid assets | $1.1B | $7.1B | $43M | $5.3B |
| Total DebtShort + long-term debt | $1.7B | $12.4B | $1.2B | $2.3B |
| Interest CoverageEBIT ÷ Interest expense | 1.55x | 3.68x | 4.43x | 84.99x |
SPOT leads this category, winning 8 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
Evenly matched — MSGE and SPOT each lead in 2 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in LLYVK five years ago would be worth $28,811 today (with dividends reinvested), compared to $7,384 for MSGE. Over the past 12 months, MSGE leads with a +83.6% total return vs SPOT's -35.0%. The 3-year compound annual growth rate (CAGR) favors SPOT at 43.5% vs MSGE's 24.9% — a key indicator of consistent wealth creation.
| Metric | LLYVKLiberty Live Group | LYVLive Nation Enter… | MSGEMadison Square Ga… | SPOTSpotify Technolog… |
|---|---|---|---|---|
| YTD ReturnYear-to-date | +15.7% | +14.5% | +22.8% | -25.7% |
| 1-Year ReturnPast 12 months | +31.2% | +24.0% | +83.6% | -35.0% |
| 3-Year ReturnCumulative with dividends | +188.1% | +113.7% | +94.8% | +195.7% |
| 5-Year ReturnCumulative with dividends | +188.1% | +108.0% | -26.2% | +78.5% |
| 10-Year ReturnCumulative with dividends | +188.1% | +622.5% | -24.6% | +186.8% |
| CAGR (3Y)Annualised 3-year return | +42.3% | +28.8% | +24.9% | +43.5% |
Evenly matched — MSGE and SPOT each lead in 2 of 6 comparable metrics.
Risk & Volatility
Evenly matched — MSGE and SPOT each lead in 1 of 2 comparable metrics.
Risk & Volatility
SPOT is the less volatile stock with a 0.66 beta — it tends to amplify market swings less than MSGE's 0.94 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MSGE currently trades 95.5% from its 52-week high vs SPOT's 54.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | LLYVKLiberty Live Group | LYVLive Nation Enter… | MSGEMadison Square Ga… | SPOTSpotify Technolog… |
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.82x | 0.80x | 0.94x | 0.66x |
| 52-Week HighHighest price in past year | $102.62 | $175.25 | $69.86 | $785.00 |
| 52-Week LowLowest price in past year | $71.48 | $125.34 | $35.31 | $405.00 |
| % of 52W HighCurrent price vs 52-week peak | +94.9% | +94.9% | +95.5% | +54.4% |
| RSI (14)Momentum oscillator 0–100 | 56.3 | 63.6 | 67.6 | 32.1 |
| Avg Volume (50D)Average daily shares traded | 324K | 2.8M | 312K | 2.0M |
Evenly matched — MSGE and SPOT each lead in 1 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Analyst consensus: LYV as "Buy", MSGE as "Buy", SPOT as "Buy". Consensus price targets imply 47.5% upside for SPOT (target: $631) vs -0.6% for MSGE (target: $66).
| Metric | LLYVKLiberty Live Group | LYVLive Nation Enter… | MSGEMadison Square Ga… | SPOTSpotify Technolog… |
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | — | $181.00 | $66.29 | $630.64 |
| # AnalystsCovering analysts | — | 44 | 12 | 52 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | — |
| Dividend StreakConsecutive years of raises | — | 1 | — | — |
| Dividend / ShareAnnual DPS | — | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.1% | +1.3% | +0.6% |
Insufficient data to determine a leader in this category.
Key Takeaway
SPOT leads in 2 of 6 categories — strongest in Income & Cash Flow and Profitability & Efficiency. 3 categories are tied.
Best OverallSpotify Technology S.A. (SPOT)Leads 2 of 6 categories
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LLYVK vs LYV vs MSGE vs SPOT: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is LLYVK or LYV or MSGE or SPOT a better buy right now?
For growth investors, Spotify Technology S.
A. (SPOT) is the stronger pick with 9. 7% revenue growth year-over-year, versus -1. 7% for Madison Square Garden Entertainment Corp. (MSGE). Spotify Technology S. A. (SPOT) offers the better valuation at 34. 6x trailing P/E (33. 0x forward), making it the more compelling value choice. Analysts rate Live Nation Entertainment, Inc. (LYV) a "Buy" — based on 44 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — LLYVK or LYV or MSGE or SPOT?
On trailing P/E, Spotify Technology S.
A. (SPOT) is the cheapest at 34. 6x versus Madison Square Garden Entertainment Corp. at 86. 6x. On forward P/E, Spotify Technology S. A. is actually cheaper at 33. 0x.
03Which is the better long-term investment — LLYVK or LYV or MSGE or SPOT?
Over the past 5 years, Liberty Live Group (LLYVK) delivered a total return of +188.
1%, compared to -26. 2% for Madison Square Garden Entertainment Corp. (MSGE). Over 10 years, the gap is even starker: LYV returned +622. 5% versus MSGE's -24. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — LLYVK or LYV or MSGE or SPOT?
By beta (market sensitivity over 5 years), Spotify Technology S.
A. (SPOT) is the lower-risk stock at 0. 66β versus Madison Square Garden Entertainment Corp. 's 0. 94β — meaning MSGE is approximately 43% more volatile than SPOT relative to the S&P 500. On balance sheet safety, Spotify Technology S. A. (SPOT) carries a lower debt/equity ratio of 28% versus 7% for Live Nation Entertainment, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — LLYVK or LYV or MSGE or SPOT?
By revenue growth (latest reported year), Spotify Technology S.
A. (SPOT) is pulling ahead at 9. 7% versus -1. 7% for Madison Square Garden Entertainment Corp. (MSGE). On earnings-per-share growth, the picture is similar: Spotify Technology S. A. grew EPS 91. 1% year-over-year, compared to -179. 4% for Liberty Live Group. Over a 3-year CAGR, LYV leads at 14. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — LLYVK or LYV or MSGE or SPOT?
Spotify Technology S.
A. (SPOT) is the more profitable company, earning 12. 9% net margin versus -22. 8% for Liberty Live Group — meaning it keeps 12. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MSGE leads at 13. 0% versus -12. 7% for LLYVK. At the gross margin level — before operating expenses — MSGE leads at 43. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is LLYVK or LYV or MSGE or SPOT more undervalued right now?
On forward earnings alone, Spotify Technology S.
A. (SPOT) trades at 33. 0x forward P/E versus 129. 9x for Liberty Live Group — 96. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for SPOT: 47. 5% to $630. 64.
08Which pays a better dividend — LLYVK or LYV or MSGE or SPOT?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is LLYVK or LYV or MSGE or SPOT better for a retirement portfolio?
For long-horizon retirement investors, Live Nation Entertainment, Inc.
(LYV) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 80), +622. 5% 10Y return). Both have compounded well over 10 years (LYV: +622. 5%, MSGE: -24. 6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between LLYVK and LYV and MSGE and SPOT?
Both stocks operate in the Communication Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
Find Stocks Like These
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- Sector: Communication Services
- Market Cap > $100B
- Revenue Growth > 6%
- Gross Margin > 24%
- Sector: Communication Services
- Market Cap > $100B
- Revenue Growth > 29%
- Gross Margin > 18%
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