Live Nation Entertainment, Inc. (LYV) 10-Year Financial Performance & Capital Metrics

LYV •

Communication ServicesEntertainmentLive Events and Sports Operators

AboutLive Nation Entertainment, Inc. operates as a live entertainment company. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues; operates and manages music venues; produces music festivals; creates associated content; and offers management and other services to artists. The Ticketing segment manages the ticketing operations, including the provision of ticketing software and services to clients for tickets and event information through its primary websites livenation.com and ticketmaster.com, as well as provides ticket resale services. This segment sells tickets for its events, as well as for third-party clients in various live event categories, such as arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters through websites, mobile apps, and ticket outlets. The Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertising, including signage, promotional programs, rich media offering that comprise advertising related with live streaming and music-related content; and ads across its distribution network of venues, events, and websites. This segment also manages the development of strategic sponsorship programs, as well as develops, books, and produces custom events or programs for specific brands. As of December 31, 2021, it owned, operated, or leased 165 entertainment venues in North America and 94 entertainment venues internationally. The company was formerly known as Live Nation, Inc. and changed its name to Live Nation Entertainment, Inc. in January 2010. Live Nation Entertainment, Inc. was incorporated in 2005 and is headquartered in Beverly Hills, California.Show more

Revenue $25.2B +8.8%
EBITDA $1.89B +37.5%
Net Income $496M -44.7%
EPS (Diluted) -0.24 -108.8%
Gross Margin -
EBITDA Margin 7.5% +26.4%
Operating Margin 4.96% +39.4%
Net Margin 1.97% -49.2%
ROE 34.93% -33.2%
ROIC 343.5% +2068.7%
Debt/Equity 2.93 -31.0%
Interest Coverage 3.96 +56.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 45.6%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 68.4%
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗High debt to equity ratio of 2.9x
✗Expensive at 42.0x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y13.28%

5Y68.39%

3Y14.74%

TTM5.39%

Profit (Net Income) CAGR

10Y-

5Y-

3Y23.01%

TTM85.54%

EPS CAGR

10Y-

5Y-

3Y-

TTM52.49%

ROCE

10Y Avg3.03%

5Y Avg7.14%

3Y Avg10.79%

Latest11.29%

Peer Comparison

Live Events and Sports Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TKOTKO Group Holdings, Inc.	26B	223.87	99.06	68.85%	4.13%	2.11%	4.94%	0.44
MSGEMadison Square Garden Entertainment Corp.	2.55B	63.14	82	-1.72%	5.12%	144.17%	3.65%
TDICDreamland Limited Class A Ordinary Shares	6.12M	0.17	6.33	124.08%	14.03%	112.46%		1.62
HOFVHall of Fame Resort & Entertainment Company	2.35M	0.35	-0.04	-12.12%	-366.24%	-207.29%		3.45
CPOPPop Culture Group Co., Ltd	188.22K	0.33	-0.08	155.52%	-30.56%	-102.2%		0.41
SPHRSphere Entertainment Co.	817.24M	119.01	-20.95		-9.54%	-4.7%		0.63
MANUManchester United plc	1.01B	18.01	-70.46	0.72%	-1.39%	-4.76%	3.73%	3.33
BATRKAtlanta Braves Holdings, Inc.	2.24B	43.71	-118.14	10.52%	-3.19%	-4.34%		1.56

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	7.83B	9.69B	10.79B	11.55B	1.86B	6.27B	16.68B	22.73B	23.16B	25.2B
Revenue Growth %	8.01%	23.78%	11.36%	7.05%	-83.88%	236.8%	166.11%	36.24%	1.89%	8.83%
Cost of Goods Sold+	5.64B	7.18B	7.97B	8.47B	1.4B	4.36B	12.35B	17.25B	17.33B	0
COGS % of Revenue	72.05%	74.14%	73.86%	73.32%	75.35%	69.49%	74.02%	75.91%	74.83%	-
Gross Profit+	2.19B	2.51B	2.82B	3.08B	458.78M	1.91B	4.33B	5.48B	5.83B	0
Gross Margin %	27.95%	25.86%	26.14%	26.68%	24.65%	30.51%	25.98%	24.09%	25.17%	-
Gross Profit Growth %	6.73%	14.55%	12.55%	9.25%	-85.11%	316.86%	126.6%	26.36%	6.42%	-100%
Operating Expenses+	1.99B	2.41B	2.55B	2.76B	2.11B	2.33B	3.61B	4.39B	5B	18.76B
OpEx % of Revenue	25.46%	24.92%	23.61%	23.87%	113.47%	37.18%	21.65%	19.32%	21.61%	74.45%
Selling, General & Admin	1.55B	1.91B	2B	2.15B	1.52B	1.75B	2.96B	3.56B	4.1B	4.09B
SG&A % of Revenue	19.79%	19.69%	18.51%	18.58%	81.9%	27.85%	17.72%	15.65%	17.69%	16.24%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	443.77M	506.2M	550.3M	610.46M	587.63M	584.49M	655.73M	833.69M	906.54M	14.67B
Operating Income+	194.94M	91.4M	272.54M	324.84M	-1.65B	-417.86M	722.03M	1.08B	824.51M	1.25B
Operating Margin %	2.49%	0.94%	2.53%	2.81%	-88.83%	-6.67%	4.33%	4.77%	3.56%	4.96%
Operating Income Growth %	48.39%	-53.12%	198.19%	19.19%	-608.92%	74.72%	272.79%	50.26%	-24%	51.75%
EBITDA+	513.52M	463.6M	659.07M	768.84M	-1.17B	-1.58M	1.17B	1.6B	1.37B	1.89B
EBITDA Margin %	6.56%	4.79%	6.11%	6.66%	-62.76%	-0.03%	7.03%	7.05%	5.94%	7.5%
EBITDA Growth %	-2.85%	-9.72%	42.16%	16.66%	-251.94%	99.86%	74230.74%	36.67%	-14.19%	37.52%
D&A (Non-Cash Add-back)	318.58M	372.2M	386.53M	443.99M	485.02M	416.28M	449.98M	516.8M	549.92M	638.87M
EBIT	154.83M	98.39M	272.08M	342.63M	-1.63B	-328.83M	769.01M	1.26B	1.07B	0
Net Interest Income+	-103.93M	-102.05M	-132.01M	-143.12M	-215.09M	-275.81M	-200.86M	-112.43M	-169.72M	0
Interest Income	2.57M	5.72M	8.96M	14.41M	11.74M	6.63M	77.62M	237.82M	156.25M	-150.44M
Interest Expense	106.51M	107.77M	140.98M	157.52M	226.83M	282.44M	278.48M	350.24M	325.97M	316.03M
Other Income/Expense	-146.61M	-100.78M	-141.43M	-139.74M	-203.47M	-193.41M	-231.51M	-171.66M	-85.08M	-220.69M
Pretax Income+	48.33M	-9.38M	131.1M	185.1M	-1.86B	-611.27M	490.52M	913.27M	739.43M	1.03B
Pretax Margin %	0.62%	-0.1%	1.22%	1.6%	-99.76%	-9.75%	2.94%	4.02%	3.19%	4.09%
Income Tax+	28.03M	-17.15M	40.77M	66.89M	-28.88M	-2.48M	115.94M	209.48M	-391.7M	339.79M
Effective Tax Rate %	6.09%	64.13%	45.95%	37.76%	92.88%	106.48%	54.32%	60.98%	121.21%	48.13%
Net Income+	2.94M	-6.01M	60.25M	69.89M	-1.72B	-650.9M	266.44M	556.89M	896.29M	495.97M
Net Margin %	0.04%	-0.06%	0.56%	0.61%	-92.66%	-10.38%	1.6%	2.45%	3.87%	1.97%
Net Income Growth %	109.05%	-304.45%	1101.65%	16%	-2567.53%	62.26%	140.93%	109.01%	60.94%	-44.66%
Net Income (Continuing)	20.3M	7.77M	90.34M	118.21M	-1.83B	-608.79M	374.58M	703.8M	1.13B	495.97M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	570.57M	481.68M	573.12M	767.63M	610.47M	946.12M	1.13B	1.5B	1.77B	924.47M
EPS (Diluted)+	-0.23	-0.48	-0.09	-0.02	-8.12	-3.09	0.64	1.34	2.74	-0.24
EPS Growth %	30.3%	-108.7%	81.25%	77.78%	-40500%	61.95%	120.71%	109.38%	104.48%	-108.76%
EPS (Basic)	-0.23	-0.48	-0.09	-0.02	-8.12	-3.09	0.66	1.35	2.77	-0.24
Diluted Shares Outstanding	202.08M	204.92M	207.44M	210.08M	212.27M	217.19M	231.56M	230.98M	236.35M	231.84M
Basic Shares Outstanding	202.08M	204.92M	207.44M	210.08M	212.27M	217.19M	224.81M	228.63M	230.12M	231.84M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	2.67B	3.15B	3.85B	4.19B	3.65B	6.68B	8.16B	9.53B	9.29B	10.97B
Cash & Short-Term Investments	1.53B	1.83B	2.37B	2.47B	2.54B	4.88B	5.61B	6.23B	6.1B	7.09B
Cash Only	1.53B	1.83B	2.37B	2.47B	2.54B	4.88B	5.61B	6.23B	6.1B	7.09B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	568.94M	746.58M	844.52M	1.03B	501.29M	1.09B	1.5B	2.07B	1.78B	2.01B
Days Sales Outstanding	26.53	28.13	28.57	32.54	98.31	63.22	32.81	33.22	28.05	29.1
Inventory	15.11M	17.47M	12.57M	16.11M	22M	33.83M	38.73M	45.14M	50.15M	0
Days Inventory Outstanding	0.98	0.89	0.58	0.69	5.73	2.83	1.14	0.96	1.06	-
Other Current Assets	34.66M	16.66M	21.57M	9.94M	11.56M	24.86M	64.9M	40.27M	118.05M	1.87B
Total Non-Current Assets+	4.09B	4.35B	4.65B	6.78B	6.94B	7.72B	8.3B	9.5B	10.35B	11.94B
Property, Plant & Equipment	751.54M	885.94M	946.59M	2.52B	2.53B	2.63B	3.06B	3.71B	4.06B	5.29B
Fixed Asset Turnover	10.41x	10.93x	11.40x	4.58x	0.74x	2.38x	5.45x	6.13x	5.70x	4.77x
Goodwill	1.75B	1.75B	1.82B	2B	2.13B	2.59B	2.53B	2.69B	2.62B	2.89B
Intangible Assets	1.18B	1.1B	1.03B	1.24B	1.22B	1.4B	1.42B	1.54B	1.37B	1.08B
Long-Term Investments	82.03M	105.27M	137.21M	167.6M	170.49M	293.64M	408.79M	447.49M	504.19M	0
Other Non-Current Assets	329.26M	507.44M	711.76M	857.57M	889.54M	807.5M	884.76M	1.07B	1.22B	2.68B
Total Assets+	6.76B	7.5B	8.5B	10.98B	10.59B	14.4B	16.46B	19.07B	19.64B	22.91B
Asset Turnover	1.16x	1.29x	1.27x	1.05x	0.18x	0.44x	1.01x	1.19x	1.18x	1.10x
Asset Growth %	9.88%	10.94%	13.23%	29.17%	-3.52%	36.01%	14.29%	15.88%	2.96%	16.67%
Total Current Liabilities+	2.46B	3.58B	3.75B	4.11B	3.8B	6.86B	8.3B	9.96B	9.36B	11.03B
Accounts Payable	781.5M	1.03B	1.13B	1.11B	830.45M	1.64B	1.97B	2.13B	2.1B	1.94B
Days Payables Outstanding	50.58	52.57	51.65	47.68	216.14	137.67	58.27	45.16	44.29	-
Short-Term Debt	53.32M	347.59M	82.14M	37.8M	53.41M	585.25M	620.03M	1.13B	260.9M	587.63M
Deferred Revenue (Current)	804.97M	925.22M	1.23B	1.39B	1.84B	2.77B	3.13B	3.4B	3.72B	4.46B
Other Current Liabilities	231.22M	394.1M	332.12M	335.63M	162.15M	370.17M	608.73M	658.42M	575.42M	5.98B
Current Ratio	1.09x	0.88x	1.03x	1.02x	0.96x	0.97x	0.98x	0.96x	0.99x	1.00x
Quick Ratio	1.08x	0.88x	1.02x	1.02x	0.96x	0.97x	0.98x	0.95x	0.99x	1.00x
Cash Conversion Cycle	-23.07	-23.55	-22.5	-14.45	-112.11	-71.61	-24.31	-10.98	-15.19	-
Total Non-Current Liabilities+	2.61B	2.26B	3.07B	4.95B	6.65B	7.18B	7.39B	7.63B	8.34B	10.99B
Long-Term Debt	2.26B	1.95B	2.73B	3.27B	4.86B	5.15B	5.28B	5.45B	6.18B	2.04B
Capital Lease Obligations	0	0	0	1.37B	1.45B	1.61B	1.65B	1.69B	1.68B	0
Deferred Tax Liabilities	197.81M	137.63M	137.07M	178.17M	170.76M	236.55M	305.52M	324.7M	140.15M	0
Other Non-Current Liabilities	144.28M	164.82M	177.47M	96.26M	93.87M	78.35M	93.49M	102.91M	217.55M	8.95B
Total Liabilities	5.07B	5.84B	6.82B	9.06B	10.45B	14.04B	15.7B	17.59B	17.69B	22.02B
Total Debt+	2.31B	2.3B	2.82B	4.81B	6.46B	7.46B	7.7B	8.44B	8.27B	2.62B
Net Debt	786.46M	474.64M	443.48M	2.34B	3.92B	2.58B	2.09B	2.21B	2.18B	-4.47B
Debt / Equity	1.36x	1.38x	1.68x	2.51x	46.59x	20.53x	10.08x	5.70x	4.25x	2.93x
Debt / EBITDA	4.50x	4.96x	4.27x	6.25x	-	-	6.57x	5.27x	6.02x	1.39x
Net Debt / EBITDA	1.53x	1.02x	0.67x	3.04x	-	-	1.78x	1.38x	1.58x	-2.36x
Interest Coverage	1.83x	0.85x	1.93x	2.06x	-7.29x	-1.48x	2.59x	3.10x	2.53x	3.96x
Total Equity+	1.7B	1.66B	1.67B	1.91B	138.7M	363.47M	763.56M	1.48B	1.95B	894.38M
Equity Growth %	-0.82%	-1.99%	0.55%	14.43%	-92.75%	162.06%	110.08%	93.94%	31.36%	-54.02%
Book Value per Share	8.40	8.11	8.06	9.11	0.65	1.67	3.30	6.41	8.23	3.86
Total Shareholders' Equity	1.13B	1.18B	1.1B	1.15B	-471.77M	-582.65M	-367.57M	-17.15M	173.26M	271.01M
Common Stock	2.03M	2.07M	2.09M	2.11M	2.15M	2.22M	2.29M	2.3M	2.31M	2.33M
Retained Earnings	-1.07B	-1.08B	-1.02B	-949.33M	-2.68B	-3.33B	-2.97B	-2.41B	-1.55B	-1.04B
Treasury Stock	-6.87M	-6.87M	-6.87M	-6.87M	-6.87M	-6.87M	-6.87M	-6.87M	-6.87M	0
Accumulated OCI	-176.71M	-108.54M	-145.23M	-145.71M	-177.01M	-147.96M	-90.08M	27.45M	-335.11M	-114.87M
Minority Interest	570.57M	481.68M	573.12M	767.63M	610.47M	946.12M	1.13B	1.5B	1.77B	924.47M

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	598.74M	623.52M	941.59M	469.78M	-1.08B	1.78B	1.84B	1.36B	1.73B	1.4B
Operating CF Margin %	7.65%	6.44%	8.73%	4.07%	-58.21%	28.41%	11%	6%	7.45%	5.54%
Operating CF Growth %	94.49%	4.14%	51.01%	-50.11%	-330.61%	264.35%	3.06%	-25.73%	26.57%	-19.12%
Net Income	20.3M	7.77M	90.34M	118.21M	-1.83B	-608.79M	409.19M	703.8M	1.13B	690.74M
Depreciation & Amortization	403.65M	455.53M	386.53M	443.99M	485.02M	416.28M	449.98M	516.8M	549.92M	638.87M
Stock-Based Compensation	32.72M	42.76M	45.58M	48.78M	116.89M	209.34M	110.05M	115.96M	110.35M	155.22M
Deferred Taxes	-7.89M	-71.54M	-6.25M	-465K	-37.88M	-9.64M	7.2M	-44.02M	-708.57M	-20.5M
Other Non-Cash Items	66.52M	59.49M	159.05M	147.17M	101.66M	-614K	217.79M	207.72M	-8.76M	-69.01M
Working Capital Changes	82.19M	128.99M	266.33M	-287.91M	79.46M	1.77B	637.85M	-137.29M	651.11M	0
Change in Receivables	-146.13M	-133.02M	-135.43M	-159.79M	490.59M	-485.21M	-463.98M	-525.74M	181.43M	30.78M
Change in Inventory	-129.75M	-239.06M	-266.24M	-170.49M	0	0	0	0	0	0
Change in Payables	193.78M	474.3M	323.46M	-45.92M	-1.38B	1.32B	1B	450.37M	13.78M	-138.41M
Cash from Investing+	-426.48M	-327.59M	-496.91M	-691M	-224.06M	-566.96M	-784.69M	-695.8M	-854.28M	-1.23B
Capital Expenditures	-173.83M	-238.44M	-239.83M	-323.57M	-213.75M	-152.73M	-347.21M	-438.6M	-666.63M	-1.06B
CapEx % of Revenue	2.22%	2.46%	2.22%	2.8%	11.48%	2.44%	2.08%	1.93%	2.88%	4.21%
Acquisitions	-240.55M	-73.12M	-166.72M	-290.9M	-33.32M	-404.41M	-344.51M	-70.93M	-124.4M	-80.01M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-12.1M	-16.04M	-90.35M	-76.54M	23.01M	-9.82M	-92.97M	-186.27M	-63.25M	-83.38M
Cash from Financing+	99.21M	-127.08M	188.78M	328.89M	1.35B	1.17B	-143.34M	-87.28M	-658.55M	406.51M
Debt Issued (Net)	237.62M	-49.94M	458.27M	500.13M	1.58B	794.12M	76.46M	330.38M	-287.88M	0
Equity Issued (Net)	0	0	0	0	0	1000K	0	0	1000K	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	0	0	-23.53M
Other Financing	-138.41M	-77.14M	-269.49M	-171.24M	-226.3M	-72.42M	-219.8M	-417.66M	-396.72M	406.51M
Net Change in Cash	223.47M	298.73M	549.38M	96.04M	72.2M	2.34B	732.4M	618.76M	-132.85M	1B
Free Cash Flow+	418.68M	374.11M	666.12M	103.96M	-1.31B	1.62B	1.48B	887.72M	1.05B	333.61M
FCF Margin %	5.35%	3.86%	6.17%	0.9%	-70.17%	25.86%	8.88%	3.91%	4.53%	1.32%
FCF Growth %	173.47%	-10.64%	78.06%	-84.39%	-1356.3%	224.1%	-8.57%	-40.09%	18.28%	-68.23%
FCF per Share	2.07	1.83	3.21	0.49	-6.15	7.46	6.40	3.84	4.44	1.44
FCF Conversion (FCF/Net Income)	203.51x	-103.66x	15.63x	6.72x	0.63x	-2.74x	6.89x	2.45x	1.92x	2.81x
Interest Paid	96.68M	87.11M	100.28M	103.92M	166.4M	224.4M	180.88M	57.37M	131.23M	0
Taxes Paid	30.31M	44.87M	60.02M	66.94M	26.15M	15.91M	43.86M	175.15M	253.65M	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	0.17%	-0.36%	3.61%	3.9%	-168.07%	-259.24%	47.28%	49.62%	52.32%	34.93%
Return on Invested Capital (ROIC)	5.92%	2.97%	9.61%	7.66%	-29.84%	-8.95%	18.69%	24.88%	15.84%	343.5%
Gross Margin	27.95%	25.86%	26.14%	26.68%	24.65%	30.51%	25.98%	24.09%	25.17%	-
Net Margin	0.04%	-0.06%	0.56%	0.61%	-92.66%	-10.38%	1.6%	2.45%	3.87%	1.97%
Debt / Equity	1.36x	1.38x	1.68x	2.51x	46.59x	20.53x	10.08x	5.70x	4.25x	2.93x
Interest Coverage	1.83x	0.85x	1.93x	2.06x	-7.29x	-1.48x	2.59x	3.10x	2.53x	3.96x
FCF Conversion	203.51x	-103.66x	15.63x	6.72x	0.63x	-2.74x	6.89x	2.45x	1.92x	2.81x
Revenue Growth	8.01%	23.78%	11.36%	7.05%	-83.88%	236.8%	166.11%	36.24%	1.89%	8.83%

US Stock Screener

...

Live Nation Entertainment, Inc. (LYV) 10-Year Financial Performance & Capital Metrics

LYV •

Communication ServicesEntertainmentLive Events and Sports Operators

Revenue $25.2B +8.8%
EBITDA $1.89B +37.5%
Net Income $496M -44.7%
EPS (Diluted) -0.24 -108.8%
Gross Margin -
EBITDA Margin 7.5% +26.4%
Operating Margin 4.96% +39.4%
Net Margin 1.97% -49.2%
ROE 34.93% -33.2%
ROIC 343.5% +2068.7%
Debt/Equity 2.93 -31.0%
Interest Coverage 3.96 +56.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 45.6%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 68.4%
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗High debt to equity ratio of 2.9x
✗Expensive at 42.0x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y13.28%

5Y68.39%

3Y14.74%

TTM5.39%

Profit (Net Income) CAGR

10Y-

5Y-

3Y23.01%

TTM85.54%

EPS CAGR

10Y-

5Y-

3Y-

TTM52.49%

ROCE

10Y Avg3.03%

5Y Avg7.14%

3Y Avg10.79%

Latest11.29%

Peer Comparison

Live Events and Sports Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TKOTKO Group Holdings, Inc.	26B	223.87	99.06	68.85%	4.13%	2.11%	4.94%	0.44
MSGEMadison Square Garden Entertainment Corp.	2.55B	63.14	82	-1.72%	5.12%	144.17%	3.65%
TDICDreamland Limited Class A Ordinary Shares	6.12M	0.17	6.33	124.08%	14.03%	112.46%		1.62
HOFVHall of Fame Resort & Entertainment Company	2.35M	0.35	-0.04	-12.12%	-366.24%	-207.29%		3.45
CPOPPop Culture Group Co., Ltd	188.22K	0.33	-0.08	155.52%	-30.56%	-102.2%		0.41
SPHRSphere Entertainment Co.	817.24M	119.01	-20.95		-9.54%	-4.7%		0.63
MANUManchester United plc	1.01B	18.01	-70.46	0.72%	-1.39%	-4.76%	3.73%	3.33
BATRKAtlanta Braves Holdings, Inc.	2.24B	43.71	-118.14	10.52%	-3.19%	-4.34%		1.56

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	7.83B	9.69B	10.79B	11.55B	1.86B	6.27B	16.68B	22.73B	23.16B	25.2B
Revenue Growth %	8.01%	23.78%	11.36%	7.05%	-83.88%	236.8%	166.11%	36.24%	1.89%	8.83%
Cost of Goods Sold+	5.64B	7.18B	7.97B	8.47B	1.4B	4.36B	12.35B	17.25B	17.33B	0
COGS % of Revenue	72.05%	74.14%	73.86%	73.32%	75.35%	69.49%	74.02%	75.91%	74.83%	-
Gross Profit+	2.19B	2.51B	2.82B	3.08B	458.78M	1.91B	4.33B	5.48B	5.83B	0
Gross Margin %	27.95%	25.86%	26.14%	26.68%	24.65%	30.51%	25.98%	24.09%	25.17%	-
Gross Profit Growth %	6.73%	14.55%	12.55%	9.25%	-85.11%	316.86%	126.6%	26.36%	6.42%	-100%
Operating Expenses+	1.99B	2.41B	2.55B	2.76B	2.11B	2.33B	3.61B	4.39B	5B	18.76B
OpEx % of Revenue	25.46%	24.92%	23.61%	23.87%	113.47%	37.18%	21.65%	19.32%	21.61%	74.45%
Selling, General & Admin	1.55B	1.91B	2B	2.15B	1.52B	1.75B	2.96B	3.56B	4.1B	4.09B
SG&A % of Revenue	19.79%	19.69%	18.51%	18.58%	81.9%	27.85%	17.72%	15.65%	17.69%	16.24%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	443.77M	506.2M	550.3M	610.46M	587.63M	584.49M	655.73M	833.69M	906.54M	14.67B
Operating Income+	194.94M	91.4M	272.54M	324.84M	-1.65B	-417.86M	722.03M	1.08B	824.51M	1.25B
Operating Margin %	2.49%	0.94%	2.53%	2.81%	-88.83%	-6.67%	4.33%	4.77%	3.56%	4.96%
Operating Income Growth %	48.39%	-53.12%	198.19%	19.19%	-608.92%	74.72%	272.79%	50.26%	-24%	51.75%
EBITDA+	513.52M	463.6M	659.07M	768.84M	-1.17B	-1.58M	1.17B	1.6B	1.37B	1.89B
EBITDA Margin %	6.56%	4.79%	6.11%	6.66%	-62.76%	-0.03%	7.03%	7.05%	5.94%	7.5%
EBITDA Growth %	-2.85%	-9.72%	42.16%	16.66%	-251.94%	99.86%	74230.74%	36.67%	-14.19%	37.52%
D&A (Non-Cash Add-back)	318.58M	372.2M	386.53M	443.99M	485.02M	416.28M	449.98M	516.8M	549.92M	638.87M
EBIT	154.83M	98.39M	272.08M	342.63M	-1.63B	-328.83M	769.01M	1.26B	1.07B	0
Net Interest Income+	-103.93M	-102.05M	-132.01M	-143.12M	-215.09M	-275.81M	-200.86M	-112.43M	-169.72M	0
Interest Income	2.57M	5.72M	8.96M	14.41M	11.74M	6.63M	77.62M	237.82M	156.25M	-150.44M
Interest Expense	106.51M	107.77M	140.98M	157.52M	226.83M	282.44M	278.48M	350.24M	325.97M	316.03M
Other Income/Expense	-146.61M	-100.78M	-141.43M	-139.74M	-203.47M	-193.41M	-231.51M	-171.66M	-85.08M	-220.69M
Pretax Income+	48.33M	-9.38M	131.1M	185.1M	-1.86B	-611.27M	490.52M	913.27M	739.43M	1.03B
Pretax Margin %	0.62%	-0.1%	1.22%	1.6%	-99.76%	-9.75%	2.94%	4.02%	3.19%	4.09%
Income Tax+	28.03M	-17.15M	40.77M	66.89M	-28.88M	-2.48M	115.94M	209.48M	-391.7M	339.79M
Effective Tax Rate %	6.09%	64.13%	45.95%	37.76%	92.88%	106.48%	54.32%	60.98%	121.21%	48.13%
Net Income+	2.94M	-6.01M	60.25M	69.89M	-1.72B	-650.9M	266.44M	556.89M	896.29M	495.97M
Net Margin %	0.04%	-0.06%	0.56%	0.61%	-92.66%	-10.38%	1.6%	2.45%	3.87%	1.97%
Net Income Growth %	109.05%	-304.45%	1101.65%	16%	-2567.53%	62.26%	140.93%	109.01%	60.94%	-44.66%
Net Income (Continuing)	20.3M	7.77M	90.34M	118.21M	-1.83B	-608.79M	374.58M	703.8M	1.13B	495.97M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	570.57M	481.68M	573.12M	767.63M	610.47M	946.12M	1.13B	1.5B	1.77B	924.47M
EPS (Diluted)+	-0.23	-0.48	-0.09	-0.02	-8.12	-3.09	0.64	1.34	2.74	-0.24
EPS Growth %	30.3%	-108.7%	81.25%	77.78%	-40500%	61.95%	120.71%	109.38%	104.48%	-108.76%
EPS (Basic)	-0.23	-0.48	-0.09	-0.02	-8.12	-3.09	0.66	1.35	2.77	-0.24
Diluted Shares Outstanding	202.08M	204.92M	207.44M	210.08M	212.27M	217.19M	231.56M	230.98M	236.35M	231.84M
Basic Shares Outstanding	202.08M	204.92M	207.44M	210.08M	212.27M	217.19M	224.81M	228.63M	230.12M	231.84M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	2.67B	3.15B	3.85B	4.19B	3.65B	6.68B	8.16B	9.53B	9.29B	10.97B
Cash & Short-Term Investments	1.53B	1.83B	2.37B	2.47B	2.54B	4.88B	5.61B	6.23B	6.1B	7.09B
Cash Only	1.53B	1.83B	2.37B	2.47B	2.54B	4.88B	5.61B	6.23B	6.1B	7.09B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	568.94M	746.58M	844.52M	1.03B	501.29M	1.09B	1.5B	2.07B	1.78B	2.01B
Days Sales Outstanding	26.53	28.13	28.57	32.54	98.31	63.22	32.81	33.22	28.05	29.1
Inventory	15.11M	17.47M	12.57M	16.11M	22M	33.83M	38.73M	45.14M	50.15M	0
Days Inventory Outstanding	0.98	0.89	0.58	0.69	5.73	2.83	1.14	0.96	1.06	-
Other Current Assets	34.66M	16.66M	21.57M	9.94M	11.56M	24.86M	64.9M	40.27M	118.05M	1.87B
Total Non-Current Assets+	4.09B	4.35B	4.65B	6.78B	6.94B	7.72B	8.3B	9.5B	10.35B	11.94B
Property, Plant & Equipment	751.54M	885.94M	946.59M	2.52B	2.53B	2.63B	3.06B	3.71B	4.06B	5.29B
Fixed Asset Turnover	10.41x	10.93x	11.40x	4.58x	0.74x	2.38x	5.45x	6.13x	5.70x	4.77x
Goodwill	1.75B	1.75B	1.82B	2B	2.13B	2.59B	2.53B	2.69B	2.62B	2.89B
Intangible Assets	1.18B	1.1B	1.03B	1.24B	1.22B	1.4B	1.42B	1.54B	1.37B	1.08B
Long-Term Investments	82.03M	105.27M	137.21M	167.6M	170.49M	293.64M	408.79M	447.49M	504.19M	0
Other Non-Current Assets	329.26M	507.44M	711.76M	857.57M	889.54M	807.5M	884.76M	1.07B	1.22B	2.68B
Total Assets+	6.76B	7.5B	8.5B	10.98B	10.59B	14.4B	16.46B	19.07B	19.64B	22.91B
Asset Turnover	1.16x	1.29x	1.27x	1.05x	0.18x	0.44x	1.01x	1.19x	1.18x	1.10x
Asset Growth %	9.88%	10.94%	13.23%	29.17%	-3.52%	36.01%	14.29%	15.88%	2.96%	16.67%
Total Current Liabilities+	2.46B	3.58B	3.75B	4.11B	3.8B	6.86B	8.3B	9.96B	9.36B	11.03B
Accounts Payable	781.5M	1.03B	1.13B	1.11B	830.45M	1.64B	1.97B	2.13B	2.1B	1.94B
Days Payables Outstanding	50.58	52.57	51.65	47.68	216.14	137.67	58.27	45.16	44.29	-
Short-Term Debt	53.32M	347.59M	82.14M	37.8M	53.41M	585.25M	620.03M	1.13B	260.9M	587.63M
Deferred Revenue (Current)	804.97M	925.22M	1.23B	1.39B	1.84B	2.77B	3.13B	3.4B	3.72B	4.46B
Other Current Liabilities	231.22M	394.1M	332.12M	335.63M	162.15M	370.17M	608.73M	658.42M	575.42M	5.98B
Current Ratio	1.09x	0.88x	1.03x	1.02x	0.96x	0.97x	0.98x	0.96x	0.99x	1.00x
Quick Ratio	1.08x	0.88x	1.02x	1.02x	0.96x	0.97x	0.98x	0.95x	0.99x	1.00x
Cash Conversion Cycle	-23.07	-23.55	-22.5	-14.45	-112.11	-71.61	-24.31	-10.98	-15.19	-
Total Non-Current Liabilities+	2.61B	2.26B	3.07B	4.95B	6.65B	7.18B	7.39B	7.63B	8.34B	10.99B
Long-Term Debt	2.26B	1.95B	2.73B	3.27B	4.86B	5.15B	5.28B	5.45B	6.18B	2.04B
Capital Lease Obligations	0	0	0	1.37B	1.45B	1.61B	1.65B	1.69B	1.68B	0
Deferred Tax Liabilities	197.81M	137.63M	137.07M	178.17M	170.76M	236.55M	305.52M	324.7M	140.15M	0
Other Non-Current Liabilities	144.28M	164.82M	177.47M	96.26M	93.87M	78.35M	93.49M	102.91M	217.55M	8.95B
Total Liabilities	5.07B	5.84B	6.82B	9.06B	10.45B	14.04B	15.7B	17.59B	17.69B	22.02B
Total Debt+	2.31B	2.3B	2.82B	4.81B	6.46B	7.46B	7.7B	8.44B	8.27B	2.62B
Net Debt	786.46M	474.64M	443.48M	2.34B	3.92B	2.58B	2.09B	2.21B	2.18B	-4.47B
Debt / Equity	1.36x	1.38x	1.68x	2.51x	46.59x	20.53x	10.08x	5.70x	4.25x	2.93x
Debt / EBITDA	4.50x	4.96x	4.27x	6.25x	-	-	6.57x	5.27x	6.02x	1.39x
Net Debt / EBITDA	1.53x	1.02x	0.67x	3.04x	-	-	1.78x	1.38x	1.58x	-2.36x
Interest Coverage	1.83x	0.85x	1.93x	2.06x	-7.29x	-1.48x	2.59x	3.10x	2.53x	3.96x
Total Equity+	1.7B	1.66B	1.67B	1.91B	138.7M	363.47M	763.56M	1.48B	1.95B	894.38M
Equity Growth %	-0.82%	-1.99%	0.55%	14.43%	-92.75%	162.06%	110.08%	93.94%	31.36%	-54.02%
Book Value per Share	8.40	8.11	8.06	9.11	0.65	1.67	3.30	6.41	8.23	3.86
Total Shareholders' Equity	1.13B	1.18B	1.1B	1.15B	-471.77M	-582.65M	-367.57M	-17.15M	173.26M	271.01M
Common Stock	2.03M	2.07M	2.09M	2.11M	2.15M	2.22M	2.29M	2.3M	2.31M	2.33M
Retained Earnings	-1.07B	-1.08B	-1.02B	-949.33M	-2.68B	-3.33B	-2.97B	-2.41B	-1.55B	-1.04B
Treasury Stock	-6.87M	-6.87M	-6.87M	-6.87M	-6.87M	-6.87M	-6.87M	-6.87M	-6.87M	0
Accumulated OCI	-176.71M	-108.54M	-145.23M	-145.71M	-177.01M	-147.96M	-90.08M	27.45M	-335.11M	-114.87M
Minority Interest	570.57M	481.68M	573.12M	767.63M	610.47M	946.12M	1.13B	1.5B	1.77B	924.47M

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	598.74M	623.52M	941.59M	469.78M	-1.08B	1.78B	1.84B	1.36B	1.73B	1.4B
Operating CF Margin %	7.65%	6.44%	8.73%	4.07%	-58.21%	28.41%	11%	6%	7.45%	5.54%
Operating CF Growth %	94.49%	4.14%	51.01%	-50.11%	-330.61%	264.35%	3.06%	-25.73%	26.57%	-19.12%
Net Income	20.3M	7.77M	90.34M	118.21M	-1.83B	-608.79M	409.19M	703.8M	1.13B	690.74M
Depreciation & Amortization	403.65M	455.53M	386.53M	443.99M	485.02M	416.28M	449.98M	516.8M	549.92M	638.87M
Stock-Based Compensation	32.72M	42.76M	45.58M	48.78M	116.89M	209.34M	110.05M	115.96M	110.35M	155.22M
Deferred Taxes	-7.89M	-71.54M	-6.25M	-465K	-37.88M	-9.64M	7.2M	-44.02M	-708.57M	-20.5M
Other Non-Cash Items	66.52M	59.49M	159.05M	147.17M	101.66M	-614K	217.79M	207.72M	-8.76M	-69.01M
Working Capital Changes	82.19M	128.99M	266.33M	-287.91M	79.46M	1.77B	637.85M	-137.29M	651.11M	0
Change in Receivables	-146.13M	-133.02M	-135.43M	-159.79M	490.59M	-485.21M	-463.98M	-525.74M	181.43M	30.78M
Change in Inventory	-129.75M	-239.06M	-266.24M	-170.49M	0	0	0	0	0	0
Change in Payables	193.78M	474.3M	323.46M	-45.92M	-1.38B	1.32B	1B	450.37M	13.78M	-138.41M
Cash from Investing+	-426.48M	-327.59M	-496.91M	-691M	-224.06M	-566.96M	-784.69M	-695.8M	-854.28M	-1.23B
Capital Expenditures	-173.83M	-238.44M	-239.83M	-323.57M	-213.75M	-152.73M	-347.21M	-438.6M	-666.63M	-1.06B
CapEx % of Revenue	2.22%	2.46%	2.22%	2.8%	11.48%	2.44%	2.08%	1.93%	2.88%	4.21%
Acquisitions	-240.55M	-73.12M	-166.72M	-290.9M	-33.32M	-404.41M	-344.51M	-70.93M	-124.4M	-80.01M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-12.1M	-16.04M	-90.35M	-76.54M	23.01M	-9.82M	-92.97M	-186.27M	-63.25M	-83.38M
Cash from Financing+	99.21M	-127.08M	188.78M	328.89M	1.35B	1.17B	-143.34M	-87.28M	-658.55M	406.51M
Debt Issued (Net)	237.62M	-49.94M	458.27M	500.13M	1.58B	794.12M	76.46M	330.38M	-287.88M	0
Equity Issued (Net)	0	0	0	0	0	1000K	0	0	1000K	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	0	0	-23.53M
Other Financing	-138.41M	-77.14M	-269.49M	-171.24M	-226.3M	-72.42M	-219.8M	-417.66M	-396.72M	406.51M
Net Change in Cash	223.47M	298.73M	549.38M	96.04M	72.2M	2.34B	732.4M	618.76M	-132.85M	1B
Free Cash Flow+	418.68M	374.11M	666.12M	103.96M	-1.31B	1.62B	1.48B	887.72M	1.05B	333.61M
FCF Margin %	5.35%	3.86%	6.17%	0.9%	-70.17%	25.86%	8.88%	3.91%	4.53%	1.32%
FCF Growth %	173.47%	-10.64%	78.06%	-84.39%	-1356.3%	224.1%	-8.57%	-40.09%	18.28%	-68.23%
FCF per Share	2.07	1.83	3.21	0.49	-6.15	7.46	6.40	3.84	4.44	1.44
FCF Conversion (FCF/Net Income)	203.51x	-103.66x	15.63x	6.72x	0.63x	-2.74x	6.89x	2.45x	1.92x	2.81x
Interest Paid	96.68M	87.11M	100.28M	103.92M	166.4M	224.4M	180.88M	57.37M	131.23M	0
Taxes Paid	30.31M	44.87M	60.02M	66.94M	26.15M	15.91M	43.86M	175.15M	253.65M	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	0.17%	-0.36%	3.61%	3.9%	-168.07%	-259.24%	47.28%	49.62%	52.32%	34.93%
Return on Invested Capital (ROIC)	5.92%	2.97%	9.61%	7.66%	-29.84%	-8.95%	18.69%	24.88%	15.84%	343.5%
Gross Margin	27.95%	25.86%	26.14%	26.68%	24.65%	30.51%	25.98%	24.09%	25.17%	-
Net Margin	0.04%	-0.06%	0.56%	0.61%	-92.66%	-10.38%	1.6%	2.45%	3.87%	1.97%
Debt / Equity	1.36x	1.38x	1.68x	2.51x	46.59x	20.53x	10.08x	5.70x	4.25x	2.93x
Interest Coverage	1.83x	0.85x	1.93x	2.06x	-7.29x	-1.48x	2.59x	3.10x	2.53x	3.96x
FCF Conversion	203.51x	-103.66x	15.63x	6.72x	0.63x	-2.74x	6.89x	2.45x	1.92x	2.81x
Revenue Growth	8.01%	23.78%	11.36%	7.05%	-83.88%	236.8%	166.11%	36.24%	1.89%	8.83%

Live Nation Entertainment, Inc. (LYV) 10-Year Financial Performance & Capital Metrics

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Live Nation Entertainment, Inc. (LYV) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare LYV vs Peers

vs TKO

vs FWONK

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios