Live Nation Entertainment, Inc.

LYV

NYSE · Entertainment

$169.03

At close - Sep 23, 4:00 PM EDT - USD

Market Cap$39.34B

P/E-704.3x

52W High$189.25

Volume2.04M

VCP Research Verdict2026Q2

Revenue Acceleration Masks Fragile Equity and Leverage

Live Nation's revenue growth accelerated to 9.4% YoY in 2026Q2, driven by sustained live event demand, yet profitability remains highly seasonal with gross margins swinging from 85.1% in 2025Q3 to 20.4% in 2025Q4. The balance sheet is strained, with equity raz...

GrowthAccelerating

ProfitabilityModerate

ValuationExpensive

TechnicalsMixed

Explore valuation models

MARKET ACTION

LYV price & volume

Price trend, volume and key moving averages

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Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis

Fundamental Trajectory

Revenue growth accelerated to 9.4% YoY in 2026Q2, but gross margin volatility persists, swinging from 85.1% in 2025Q3 to 20.4% in 2025Q4, with operating margin at 6.8% in 2026Q2.

Analyst Consensus+23.2% target

Buy(46 analysts)

40 Buy6 Hold0 Sell

The Bull Case

Upside Catalysts

DOJ Settlement Resolution

Live Nation settled its antitrust lawsuit with the DOJ without financial penalties, removing a major regulatory overhang.

Strong 2026 Outlook

The company raised its 2026 outlook due to robust demand in concerts, ticketing, and sponsorships.

Operating Income Growth

Live Nation reported 52% operating income growth in fiscal 2025, showcasing strong financial performance.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return

LYV+16.32%

S&P 500 (^GSPC)+12.39%

1-Year Return

LYV+2.99%

S&P 500 (^GSPC)+15.77%

3-Year Return

LYV+112.30%

S&P 500 (^GSPC)+77.05%

5-Year Return

LYV+84.55%

S&P 500 (^GSPC)+66.12%

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis

Trailing P/E5Y Low

-704.3x

Forward P/E

N/A

EV/EBITDA75th %ile

20.2x

FCF YieldCash Flow

0.8%

Valuation vs 5-Year History

Multiple Range

Metric

Current

5Y Median

Historical Range

Percentile

P/E

-704.3x

69.9x

0th· Low

EV/EBITDA

20.2x

17.4x

75th· Fair

Price/FCF

117.9x

24.4x

100th· High

Current Multiple

5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection

Bear$32.16-81.0%

Base (Fair)$80.06-52.1%

Bull$109.46-35.2%

$32.16 Bear$80.06 Base$109.46 Bull

Current Market Price: $169.03

Trades at a 111.1% premium to Base DCF ($80.06)

Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend

Revenue

$25.2B+8.8% YoY

Net income

$496M-44.7% YoY

Free cash flow

$334M-68.2% YoY

Operating margin

5.9%+2.3 pts YoY

ROIC (TTM)19.7%

Avg ROIC 5Y-

ROE (TTM)26.4%

Piotroski Score5 / 9

Financial Statements →

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History

EPS Beat Rate5/12 (42%)

Revenue Beat Rate9/12 (75%)

Quarter	EPS (Act vs Est)	Revenue (Act vs Est)
Q3 2026Latest Jul 30, 2026	$1.05+58.9% vs $0.66	$7.7B+1.5% vs $7.6B
Q2 2026 May 5, 2026	-$1.85-427.2% vs -$0.35	$3.8B+6.2% vs $3.6B
Q1 2026 Feb 19, 2026	-$1.06-3.9% vs -$1.02	$6.3B+3.4% vs $6.1B
Q4 2025 Nov 4, 2025	$0.73-44.3% vs $1.31	$8.5B-0.7% vs $8.6B

Historical baseline: 12 quarters analyzedGAAP / Adjusted

MARKET COVERAGE

Latest News

5 Stories

Business Wire·Sep 16, 2026

Live Nation Makes Show Day Easier for Fans With Salesforce's Agentforce

SAN FRANCISCO & LOS ANGELES--(BUSINESS WIRE)--Today at Dreamforce, Salesforce (NYSE: CRM), the #1 AI CRM, and Live Nation Entertainment (NYSE: LYV) announced an expansion of Live Nation's use of Agentforce, bringing 24/7 fan support to Live Nation venues across the U.S.On-demand festival expertiseThis expansion builds on Live Nation's innovation at BottleRock Napa Valley, a weekend of music alongside food, wine, and culinary experiences. With multiple stages and experiences happening at once, fa.

PRNewsWire·Sep 14, 2026

As Live Nation Enters Its Busiest Week of the Year, New Global Report Reveals a Return to Real

New research spanning tens of thousands of fans worldwide explores why real-world experiences are gaining value as more of life moves online. NEW YORK, Sept.

Seeking Alpha·Sep 9, 2026

Live Nation Entertainment, Inc. (LYV) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript

The Motley Fool·Sep 4, 2026

Executive Liquidates 2,900 Shares of Entertainment Stock, Valued at More Than $525,000

Brian Capo sold 2,900 shares on August 24, 2026, for an estimated value of ~$534,000. The transaction involved shares equal to 25% of the stake held by the insider before the filing.

Filtered for Live Nation Entertainment, Inc.More Headlines

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Benchmark LYV against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Live Nation Entertainment, Inc. (LYV)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
LYVLive Nation Entertainment, Inc.Current	$169.03	$39.34B	-704.29	8.83%	1.97%	26.35%	—
MSGEMadison Square Garden Entertainment Corp.	$78.49	$3.71B	-73.36	-66.73%	6.24%	5.95%	—
EPREPR Properties	$56.92	$4.35B	17.35	12.07%	36.04%	11.34%	—
TMToyota Motor Corporation	$190.36	$225.42B	9.63	5.51%	8.63%	11.52%	—
EBEventbrite, Inc.	$4.51	$435.58M	-41.00	-10.22%	-3.6%	-5.85%	—
IMAXIMAX Corporation	$53.30	$2.92B	84.60	16.47%	9.84%	9.39%	—

Compare LYV vs Peers

Live Nation Entertainment, Inc. (LYV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MSGE

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Scale Benchmark

vs AAPL

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Peer Set

Compare Top 5

vs MSGE, EPR, TM, EB

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

LYV SEC Filings & Documents

Live Nation Entertainment, Inc. (LYV) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Jul 30, 2026·SEC

Material company update

Jun 12, 2026·SEC

Material company update

May 8, 2026·SEC

10-K Annual Reports

FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 21, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

FY 2026

Jul 30, 2026·SEC

FY 2026

May 5, 2026·SEC

FY 2025

Nov 4, 2025·SEC

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LYV Frequently Asked Questions

Live Nation Entertainment, Inc. (LYV) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Live Nation Entertainment, Inc.'s revenue?

Live Nation Entertainment, Inc. (LYV) reported $26.27B in revenue for fiscal year 2025. This represents a 870% increase from $2.71B in 2003.

How fast is Live Nation Entertainment, Inc. growing?

Live Nation Entertainment, Inc. (LYV) grew revenue by 8.8% over the past year. This is steady growth.

Is LYV profitable?

Yes, Live Nation Entertainment, Inc. (LYV) is profitable, generating $134.7M in net income for fiscal year 2025 (2.0% net margin).

Dividend & Returns

What is LYV's return on equity?

Live Nation Entertainment, Inc. (LYV) has a return on equity (ROE) of 26.4%. This is excellent, indicating efficient use of shareholder capital.

What is Live Nation Entertainment, Inc.'s free cash flow?

Live Nation Entertainment, Inc. (LYV) generated $1.40B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in LYV back in 2003?

Total return calculator · dividends reinvested · 23+ years of data

See returns →

Quarter

EPS (Act vs Est)

Revenue (Act vs Est)

Q3 2026Latest

Jul 30, 2026

$1.05+58.9%

vs $0.66

$7.7B+1.5%

vs $7.6B

Q2 2026

May 5, 2026

-$1.85-427.2%

vs -$0.35

$3.8B+6.2%

vs $3.6B

Q1 2026

Feb 19, 2026

-$1.06-3.9%

vs -$1.02

$6.3B+3.4%

vs $6.1B

Q4 2025

Nov 4, 2025

$0.73-44.3%

vs $1.31

$8.5B-0.7%

vs $8.6B

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

LYVLive Nation Entertainment, Inc.Current

$169.03

$39.34B

-704.29

8.83%

1.97%

26.35%

—

MSGEMadison Square Garden Entertainment Corp.

$78.49

$3.71B

-73.36

-66.73%

6.24%

5.95%

—

EPREPR Properties

$56.92

$4.35B

17.35

12.07%

36.04%

11.34%

—

TMToyota Motor Corporation

$190.36

$225.42B

9.63

5.51%

8.63%

11.52%

—

EBEventbrite, Inc.

$4.51

$435.58M

-41.00

-10.22%

-3.6%

-5.85%

—

IMAXIMAX Corporation

$53.30

$2.92B

84.60

16.47%

9.84%

9.39%

—