Live Nation Entertainment Inc (LYV) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LYV SEC filings page.
Live Nation Entertainment Inc (LYV) reported $26.3B in revenue over the twelve months to Jun 30, 2026, up 10.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Live Nation’s growth is increasingly capital-intensive: higher operating profit comes with heavier debt and sharply weaker free-cash conversion.
FY2025 operating income reached$1.25B , but free cash flow was only$334M , showing that reported earnings were not translating into equivalent cash after reinvestment. Capital expenditures consumed far more operating cash than in FY2024, so profitability improved while expansion demanded substantially more cash.
Revenue reached
Long-term debt rose to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Live Nation Entertainment Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Live Nation Entertainment Inc has an operating margin of 5.0%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 39/100, indicating healthy but not exceptional operating efficiency. This is up from 3.6% the prior year.
Live Nation Entertainment Inc's revenue grew 8.8% year-over-year to $25.2B, a solid pace of expansion. This earns a growth score of 51/100.
Live Nation Entertainment Inc carries a low D/E ratio of 28.09, meaning only $28.09 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 71/100, indicating a strong balance sheet with room for future borrowing.
Live Nation Entertainment Inc's current ratio of 1.00 is below the typical benchmark, resulting in a score of 18/100. However, the company holds substantial cash reserves (64% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
While Live Nation Entertainment Inc generated $1.4B in operating cash flow, capex of $1.1B consumed most of it, leaving $333.6M in free cash flow. This results in a low score of 37/100, reflecting heavy capital investment rather than weak cash generation.
Live Nation Entertainment Inc's ROE of 183.0% shows moderate profitability relative to equity, earning a score of 57/100. This is down from 517.3% the prior year.
Live Nation Entertainment Inc scores 2.28, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Live Nation Entertainment Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Live Nation Entertainment Inc generates $2.81 in operating cash flow ($1.4B OCF vs $496.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Live Nation Entertainment Inc earns $3.96 in operating income for every $1 of interest expense ($1.3B vs $316.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Live Nation Entertainment Inc generated $7.7B in revenue in Q2 2026. This represents an increase of 9.4% from the same quarter a year earlier. Against the prior quarter it is up 102.1%.
Live Nation Entertainment Inc's EBITDA was $710.4M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.0% from the same quarter a year earlier. Against the prior quarter it is up 453.0%.
Live Nation Entertainment Inc reported $294.4M in net income in Q2 2026. This represents an increase of 21.0% from the same quarter a year earlier. Against the prior quarter it is up 175.7%.
Live Nation Entertainment Inc earned $1.05 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 156.8%.
Cash & Balance Sheet
Live Nation Entertainment Inc generated $129.7M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 424.8% from the same quarter a year earlier. Against the prior quarter it is down 93.6%.
Live Nation Entertainment Inc held $9.1B in cash against $6.2B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Live Nation Entertainment Inc's operating margin was 6.8% in Q2 2026, reflecting core business profitability. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 16.6 percentage points.
Live Nation Entertainment Inc's net profit margin was 3.8% in Q2 2026, showing the share of revenue converted to profit. This is up 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 14.1 percentage points.
Live Nation Entertainment Inc's ROE was 357.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 290.0 percentage points from the same quarter a year earlier.
Not reported for Q2 2026.
Capital Allocation
Live Nation Entertainment Inc invested $289.5M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 9.9% from the same quarter a year earlier. Against the prior quarter it is down 6.3%.
Not reported for Q2 2026.
Not reported for Q2 2026.
LYV Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.7B+9.4% | $3.8B+12.1% | $6.3B+11.1% | $8.5B+11.1% | $7.0B+16.3% | $3.4B-11.0% | $5.7B-2.4% | $7.7B-6.2% |
| SG&A Expenses | $1.1B+13.1% | $961.5M+23.4% | $1.3B+15.1% | $1.0B+0.3% | $1.0B+8.3% | $778.9M-20.6% | $1.1B+14.9% | $1.0B+3.2% |
| Operating Income | $521.9M+7.2% | -$370.5M-422.8% | -$142.7M+40.4% | $792.5M+23.9% | $486.7M+4.5% | $114.8M+377.3% | -$239.4M-193.9% | $639.5M-2.2% |
| EBITDA | $710.4M+10.0% | -$201.2M-176.2% | $22.1M+122.9% | $958.1M+23.4% | $645.7M+7.0% | $264.2M+189.7% | -$96.8M-282.8% | $776.5M-1.0% |
| Interest Expense | $97.2M+35.0% | $90.5M+12.7% | $83.4M+7.8% | $80.3M-8.7% | $72.0M-9.9% | $80.3M-0.4% | $77.4M-16.7% | $88.0M+2.0% |
| Income Tax | $115.7M-1.6% | -$32.1M-262.8% | -$49.4M+91.5% | $251.8M+258.6% | $117.6M+46.8% | $19.7M-51.9% | -$583.1M-807.6% | $70.2M+39.7% |
| Net Income | $294.4M+21.0% | -$389.1M-1777.0% | -$202.1M-200.6% | $431.5M-4.5% | $243.4M-18.3% | $23.2M+142.6% | $201.0M+186.3% | $451.8M-13.4% |
| EPS (Basic) | $1.06+158.5% | -$1.85-478.1% | -$1.07-291.1% | $0.74-57.0% | $0.41-61.0% | -$0.32+42.9% | $0.56+141.5% | $1.72-14.4% |
| EPS (Diluted) | $1.05 | -$1.85-478.1% | -$1.06 | $0.73 | $0.41 | -$0.32+42.9% | $0.56 | $1.66-14.0% |
| Diluted Shares (Avg) | 244M | 232M+0.5% | N/A | 235M | 234M | 231M+0.8% | N/A | 245M+0.5% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
LYV Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $28.2B+21.7% | $26.1B+19.4% | $22.9B+16.7% | $22.9B+15.9% | $23.2B+13.2% | $21.8B+9.0% | $19.6B+3.2% | $19.7B+3.2% |
| Current Assets | $15.0B+26.5% | $13.6B+23.2% | $11.0B+18.1% | $11.3B+15.7% | $11.8B+10.7% | $11.1B+6.2% | $9.3B-2.6% | $9.8B-2.3% |
| Cash & Equivalents | $9.1B+28.6% | $9.1B+26.8% | $7.1B+16.4% | $6.8B+23.0% | $7.1B+10.3% | $7.2B+10.1% | $6.1B-2.2% | $5.5B-7.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | N/A | N/A | $56.6M+12.8% | N/A | N/A | N/A | $50.1M+11.1% | N/A |
| Accounts Receivable | $2.9B+17.1% | $2.0B+6.2% | $2.0B+15.0% | $2.6B-3.2% | $2.5B0.0% | $1.9B-18.8% | $1.7B-13.7% | $2.7B+7.6% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $3.1B+8.6% | $2.9B+8.5% | $2.9B+10.2% | $2.8B+6.4% | $2.8B+5.9% | $2.7B+0.1% | $2.6B-2.6% | $2.7B+0.6% |
| Total Liabilities | $28.1B+23.3% | $26.2B+20.7% | $22.6B+16.3% | $22.4B+14.9% | $22.8B+11.2% | $21.7B+7.8% | $19.5B+2.0% | $19.5B+2.9% |
| Current Liabilities | $17.6B+30.5% | $15.4B+33.9% | $11.0B+17.9% | $12.3B+26.8% | $13.5B+15.8% | $11.5B+1.7% | $9.4B-6.3% | $9.7B+10.6% |
| Non-Current Liabilities | $10.5B+12.9% | $10.8B+5.8% | $11.6B+14.9% | $10.1B+3.2% | $9.3B+5.2% | $10.2B+15.7% | $10.1B+11.1% | $9.8B-3.8% |
| Long-Term Debt | $6.2B+24.9% | $6.7B+13.2% | $7.6B+23.2% | $6.1B+7.6% | $5.0B-1.8% | $5.9B+16.7% | $6.2B+13.2% | $5.7B-13.3% |
| Total Equity | $82.3M-77.1% | -$139.4M-231.5% | $271.0M+56.4% | $521.3M+81.0% | $360.1M+932.2% | $106.0M+192.3% | $173.3M+431.3% | $288.0M+29.9% |
| Retained Earnings | -$1.1B+10.6% | -$1.4B+5.5% | -$1.0B+32.6% | -$839.9M+51.9% | -$1.3B+41.1% | -$1.5B+38.3% | -$1.5B+36.7% | -$1.7B+20.5% |
LYV Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $419.3M+87.6% | $2.3B+77.0% | -$53.7M-105.1% | -$95.7M+86.7% | $223.5M-45.8% | $1.3B+33.6% | $1.0B+71.8% | -$720.9M+19.2% |
| Depreciation & Amortization | $188.5M+18.5% | $169.3M+13.3% | $164.8M+15.6% | $165.6M+20.9% | $159.0M+15.5% | $149.5M+12.7% | $142.6M+6.1% | $137.0M+4.9% |
| Stock-Based Compensation | $62.0M+0.8% | $32.8M+33.5% | N/A | $40.8M+58.7% | $61.5M+117.2% | $24.6M-21.8% | N/A | $25.7M-15.9% |
| Capital Expenditures | $289.5M+9.9% | $309.0M+80.9% | $351.9M+127.2% | $275.6M+74.4% | $263.4M+31.9% | $170.8M+27.4% | $154.9M+15.8% | $158.1M+54.4% |
| Free Cash Flow | $129.7M+424.8% | $2.0B+76.4% | -$405.6M-145.6% | -$371.3M+57.8% | -$39.9M-118.8% | $1.2B+34.6% | $890.2M+87.6% | -$879.0M+11.6% |
| Investing Cash Flow | -$459.5M-67.1% | -$417.7M-92.2% | -$393.7M-86.2% | -$340.3M-63.3% | -$275.0M-4.3% | -$217.4M-27.4% | -$211.5M+8.8% | -$208.4M-26.5% |
| Financing Cash Flow | $190.6M+158.6% | $117.5M+167.8% | $729.3M+2050.7% | $175.7M+455.0% | -$325.3M-97.6% | -$173.2M+63.8% | $33.9M+125.6% | -$49.5M-73.1% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
LYV Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 6.8%-0.1pp | -9.8%-13.2pp | -2.3%+1.9pp | 9.3%+1.0pp | 7.0%-0.8pp | 3.4%+4.5pp | -4.2%-2.8pp | 8.4%+0.3pp |
| Net Margin | 3.8%+0.4pp | -10.3%-10.9pp | -3.2%-6.7pp | 5.1%-0.8pp | 3.5%-1.5pp | 0.7%+2.1pp | 3.5%+7.5pp | 5.9%-0.5pp |
| Return on Equity | 357.6%+290.0pp | N/A | -74.6%-190.6pp | 82.8%-74.1pp | 67.6% | 21.9% | 116.0% | 156.9%-78.3pp |
| Return on Assets | 1.0%0.0pp | -1.5%-1.6pp | -0.9%-1.9pp | 1.9%-0.4pp | 1.1%-0.4pp | 0.1%+0.4pp | 1.0%+2.2pp | 2.3%-0.4pp |
| Current Ratio | 0.850.0x | 0.88-0.1x | 1.000.0x | 0.92-0.1x | 0.880.0x | 0.960.0x | 0.990.0x | 1.01-0.1x |
| Debt-to-Equity | 75.71+61.8x | N/A | 28.09-7.6x | 11.71-8.0x | 13.86 | 55.93 | 35.65 | 19.70-9.8x |
| Asset Turnover | 0.270.0x | 0.150.0x | 0.280.0x | 0.370.0x | 0.300.0x | 0.150.0x | 0.290.0x | 0.390.0x |
| FCF Margin | 1.7%+2.3pp | 53.5%+19.5pp | -6.4%-22.1pp | -4.4%+7.1pp | -0.6%-4.1pp | 34.0%+11.5pp | 15.7%+7.5pp | -11.5%+0.7pp |
Not reported in any period shown, so not listed: Gross Margin.
Note: The current ratio is below 1.0 (1.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Live Nation Entertainment Inc LYV | FY2025 | $25.2B | $496.0M | 2.0% | $40.4B | 46/100 |
| Warner Bros. Discovery WBD | FY2025 | $37.3B | $727.0M | 1.9% | $70.8B | 27/100 |
| Fox Corp FOX | FY2026 | $17.1B | $1.7B | 10.1% | $24.6B | 46/100 |
| Fox Ord FOXA | FY2026 | $17.1B | $1.7B | 10.1% | $27.5B | 46/100 |
| Warner Music Group Corp. WMG | FY2025 | $6.7B | $365.0M | 5.4% | $15.1B | 50/100 |
| News Corp NWS | FY2026 | $9.0B | $573.0M | 6.3% | $18.2B | 38/100 |
Where Live Nation Entertainment Inc Ranks
Frequently Asked Questions
What is Live Nation Entertainment Inc's annual revenue?
Live Nation Entertainment Inc (LYV) reported $25.2B in total revenue for fiscal year 2025. This represents a 8.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Live Nation Entertainment Inc's revenue growing?
Live Nation Entertainment Inc (LYV) revenue grew by 8.8% year-over-year, from $23.2B to $25.2B in fiscal year 2025.
Is Live Nation Entertainment Inc profitable?
Yes, Live Nation Entertainment Inc (LYV) reported a net income of $496.0M in fiscal year 2025, with a net profit margin of 2.0%.
What is Live Nation Entertainment Inc's EBITDA?
Live Nation Entertainment Inc (LYV) had EBITDA of $1.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Live Nation Entertainment Inc have?
As of fiscal year 2025, Live Nation Entertainment Inc (LYV) had $7.1B in cash and equivalents against $7.6B in long-term debt.
What is Live Nation Entertainment Inc's operating margin?
Live Nation Entertainment Inc (LYV) had an operating margin of 5.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Live Nation Entertainment Inc's net profit margin?
Live Nation Entertainment Inc (LYV) had a net profit margin of 2.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Live Nation Entertainment Inc's return on equity (ROE)?
Live Nation Entertainment Inc (LYV) has a return on equity of 183.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Live Nation Entertainment Inc's free cash flow?
Live Nation Entertainment Inc (LYV) generated $333.6M in free cash flow during fiscal year 2025. This represents a -69.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Live Nation Entertainment Inc's operating cash flow?
Live Nation Entertainment Inc (LYV) generated $1.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Live Nation Entertainment Inc's total assets?
Live Nation Entertainment Inc (LYV) had $22.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Live Nation Entertainment Inc's capital expenditures?
Live Nation Entertainment Inc (LYV) invested $1.1B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Live Nation Entertainment Inc's current ratio?
Live Nation Entertainment Inc (LYV) had a current ratio of 1.00 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Live Nation Entertainment Inc's debt-to-equity ratio?
Live Nation Entertainment Inc (LYV) had a debt-to-equity ratio of 28.09 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Live Nation Entertainment Inc's return on assets (ROA)?
Live Nation Entertainment Inc (LYV) had a return on assets of 2.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Live Nation Entertainment Inc's P/E ratio?
Live Nation Entertainment Inc (LYV) trades at 300x earnings, its market capitalization divided by net income of $134.7M net income, trailing 12 months to June 30, 2026. The market capitalization is $40.4B as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Live Nation Entertainment Inc's price-to-sales ratio?
Live Nation Entertainment Inc (LYV) trades at 1.5x sales, its market capitalization divided by revenue of $26.3B revenue, trailing 12 months to June 30, 2026. The market capitalization is $40.4B as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Live Nation Entertainment Inc's Altman Z-Score?
Live Nation Entertainment Inc (LYV) has an Altman Z-Score of 2.28, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Live Nation Entertainment Inc's Piotroski F-Score?
Live Nation Entertainment Inc (LYV) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Live Nation Entertainment Inc's earnings high quality?
Live Nation Entertainment Inc (LYV) has an earnings quality ratio of 2.81x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Live Nation Entertainment Inc cover its interest payments?
Live Nation Entertainment Inc (LYV) has an interest coverage ratio of 3.96x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Live Nation Entertainment Inc?
Live Nation Entertainment Inc (LYV) scores 46 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.