Live Nation Entertainment, Inc.LYV
NYSE•Communication Services•Entertainment
Live Nation Entertainment, Inc. operates as a live entertainment company worldwide. The company operates through Concerts, Ticketing, and Sponsorship & Advertising segments. Its Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment 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 consumers with marketplace for tickets and event information through mobile apps, other websites, and retail outlets, as well as its websites, such as livenation.com and ticketmaster.com; and provides ticket resale services. This segment offers ticketing services for arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters. Its Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertising, including signage, online advertising, and promotional programs; rich media offering, including advertising related with live streaming and music-related content; and ads through 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. It owns, operates, or leases entertainment venues. 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.
Live Nation Entertainment, Inc. (LYV) reported trailing twelve months revenue of $25.61B as of March 2026, a 12.6% increase year-over-year. Quarterly revenue reached $3.79B, reflecting continued top-line momentum.
Live Nation Entertainment, Inc. generated $83.67M in TTM net income, with quarterly EBITDA of $-201.22M. The operating margin contracted from 3.4% to -9.8%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (-9.8%) and net margin (-10.3%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 0.7% a year ago, reflecting increased costs or interest expense.
LYV trades at a P/E of 413.0x (a premium multiple) and a P/S of 1.3x.
The company generated $2.03B in free cash flow over the trailing twelve months, a 76.4% increase year-over-year, indicating strong cash generation ability. The balance sheet shows $26.07B in total assets with $6.71B in long-term debt against $-139.40M in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging 2.4%. The business may lack pricing power or face rising costs.'
Consistently high ROE averaging 367.8% suggests a durable competitive advantage and efficient capital allocation.
Only 4 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.
Revenue shows resilience with 4 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Operating margins dropped 72.1% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.
D/E ratio is 28.1 — dangerously high. The company is heavily leveraged and vulnerable to rising rates or cash flow dips.
Revenue is stable or growing over recent quarters — demand appears durable.
4 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation