Live Nation Entertainment (LYV)

Communication Services · $41.6B market cap · SEC CIK 0001335258

Next reports on Feb 17, 2027, after the close, with analysts expecting −$1.27 in earnings per share.

52-week range $125.34 to $189.25. 6% below its 52-week high and 42% above its low.

The case for LYV

• Revenue growing 13.5% year over year.
• Has compounded revenue at 68.4% a year over five years.

The case against

• Expensive for its growth: 275.5× earnings, where 25%+ a year of growth would justify about 46×.
• Earnings per share down 89.3%.
• Long-term debt of $7.6B would take 5 years of operating cash flow to repay.
• Return on assets of only 0.6%.
• Growth is slowing: revenue up 13.5% this year against 68.4% a year over five.
• Net margin of 0.5% leaves very little room for error.

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Communication Services companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.

• Equity is a sliver of assets, so return on assets stands in for return on equity, and price-to-book and debt-to-equity are left out.
• Each factor except momentum is half fixed thresholds, half rank among the 19 Communication Services companies.

The financials

The financials, five years deep

Pulled from Live Nation Entertainment's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

What Live Nation Entertainment says it does

Our Company We believe that we are the largest live entertainment company in the world, connecting over 805 million fans across all of our concerts and ticketing platforms in 55 countries during 2025. We believe we are the largest producer of live music concerts in the world, based on total fans that attend Live Nation events as compared to events of other promoters, connecting 159 million fans to over 11,000 artists at 55,000 events in 2025. Live Nation owns, operates, has exclusive booking rights for or has an equity interest in 460 venues globally, including House of Blues ® music venues and prestigious locations such as The Fillmore ® in San Francisco, Brooklyn Bowl ® in New York City , the Hollywood Palladium in Los Angeles, the Moody Center © arena in Austin, the Ziggo Dome in Amsterdam, 3Arena in Dublin, Royal Arena in Copenhagen and Spark Arena in Auckland. We believe we are one of the world’s leading artist management…

Risk factors LYV lists in its 10-K

• We face intense competition in the live music and ticketing industries, and we may not be able to maintain or increase our current revenue, which could adversely affect our business, financial condition and results of operations
• We are dependent upon our ability to lease, acquire and develop live music venues, and if we are unable to do so on acceptable terms, or at all, our results of operations could be adversely affected
• Poor weather adversely affects attendance at our live music events, which could negatively impact our financial performance from period to period
• We may fail to adequately protect our intellectual property rights or may be accused of infringing upon intellectual property rights of third parties
• We are subject to extensive governmental regulation, and our failure to comply with these regulations could adversely affect our business, financial condition and results of operations
• Unfavorable outcomes in legal proceedings may adversely affect our business and operating results
• We may be adversely affected by the occurrence of extraordinary events, such as terrorist attacks or disease epidemics, such as the COVID-19 pandemic
• Costs associated with, and our ability to obtain, adequate insurance could adversely affect our profitability and financial condition
• We depend upon unionized labor for the provision of some of our services and any work stoppages or labor disturbances could disrupt our business; potential union pension obligations could cause us to incur unplanned liabilities
• To service our debt and lease obligations and to fund potential acquisitions, artist and ticketing advances and capital expenditures, we will require a significant amount of cash, which depends on many factors beyond our control
• We depend on the cash flows of our subsidiaries in order to satisfy our obligations
• Conversion of our convertible notes may dilute the ownership interest of existing stockholders and may affect our per share results and the trading price of our common stock

Filings

Other Communication Services companies