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Live Nation Entertainment, Inc.
S&P 500
🏹 Trader: 🎯 Near 52W High View all →
$39.5B
Market Cap
47.3
P/E
11.09
PEG
19.2%
ROCE
36.7%
ROE
5.72
D/E
5.3%
OPM
-9.7%
% from 52W High
43
α RS
🔍 LYV is showing a high-conviction setup because it matches 6 of 39 tracked screener presets, Sector RRG has Communication Services in the Leading quadrant with the trail still strengthening, and an ECS of 56.6 last quarter. Net: Broad signal stack, not a recommendation. ? Conviction RRG ECS
Sources
Conviction 6/39 · Communication Services in Leading quadrant · ECS 56.6
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🌏 Global Investor Returns
Currency-adjusted total returns for LYV including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

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.

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding LYV
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Manager Shares Value % of Fund Period
Daniel Loeb Third Point LLC 465.0K $70.9B 3.40% Mar 2026
Steve Cohen Point72 Asset Management 751.4K $114.6M 0.15% Mar 2026
Jeff Ubben ValueAct Holdings 624.7K $95.3M 1.67% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$7.7B
+9% YoY
Operating Income
$522M
+7% YoY
Operating Margin
6.8%
-0.1pp YoY (implied)
Adjusted Operating Income
$817M
+2% YoY
What Went Right
  • Record Q2 fan count of 49M, up 10%, with international stadiums, arenas and festivals all up over 20%.
  • Ticketmaster AOI up 14% to $331M on 90M fee-bearing tickets sold, up 8%.
  • Deferred revenue hit an all-time high of $6.4B, up 25%, supporting a strong second half.
What to Watch
  • Concerts AOI fell 14% to $310M due to stadium show timing, venue pre-opening costs and new international festivals.
  • Q1 legal accrual will weigh on reported operating income even as adjusted growth momentum continues.
  • U.S. stadium attendance declined in Q2 on show timing, so the second-half ramp is critical to full-year margin expansion.
Management Guidance
  • Full-year fan attendance projected to grow 10%.
  • Concerts on track to deliver double-digit AOI growth, with majority of year-over-year improvement in Q4.
  • Sponsorship AOI expected to grow double digits for 2026, with 95% of commitments booked.
  • No specific Q3 revenue guidance provided.
Investor Lens
The thesis is stronger after this call: record attendance, a clear Ticketmaster inflection, and 25% deferred revenue growth all point to accelerating second-half show monetisation. The Q2 Concerts AOI decline is largely timing-related and management raised full-year expectations, but the heavy Q4 weighting means execution risk remains. Overall, the global venue expansion and Ticketmaster international momentum reinforce the long-term compounding story.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Record Q2: 49M fans, +9% revenue, but Concerts AOI fell 14%.
Revenue
Revenue rose 9% YoY to $7.7B, with Concerts revenue up 8% to $6.4B, Ticketmaster up 15% to $852M and Sponsorship up 12% to $383M. International markets drove the growth, with international concert attendance up 10% and Ticketmaster international tickets up 12%.
Profitability
Operating income increased 7% to $522M, while adjusted operating income rose 2% to $817M. Concerts AOI declined 14% to $310M, but Ticketmaster AOI jumped 14% to $331M and Sponsorship AOI grew 13% to $257M.
Margins
Operating margin came in at approximately 6.8%, slightly below the prior-year implied margin of roughly 6.9%. AOI margin was approximately 10.6%, with margin expansion expected to be back-half weighted as operated venue volume ramps.
Balance Sheet
Specific debt and cash balances were not discussed. Management noted record event-related deferred revenue of $6.4B, up 25%, and CapEx is increasing from roughly $600M in 2024 to about $1B in 2025, with 2026 venue pre-opening costs expected around $50M.
Key Risks
Management flagged the Q1 legal accrual as a weigh on reported operating income and noted Concerts AOI was hurt by stadium timing and new venue/festival investments. Cancellation rates remain historically low at 1.1%, but media narratives around individual tour cancellations persist.
Outlook
Full-year fan attendance is expected to grow 10%, with Concerts AOI growing double digits and the majority of the improvement in Q4. Sponsorship AOI is expected to grow double digits for the year, with 95% of commitments already booked.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-30
Fan demand and spending for live events are at record highs, driving double-digit growth in attendance, revenue, and AOI. International expansion, new venue acquisitions, and technology investments are fueling future growth, with strong outlooks for 2026 and 2027.
Q1 2026 Q1 2026 2026-05-05
Stadiums and amphitheaters are driving strong global growth, with Q3 expected to be the peak quarter. Ticketing and concerts segments are up, especially in Latin America, and premium hospitality is expanding rapidly. Venue securitization and partnerships support future growth.
Q4 2025 Q4 2025 2026-02-19
Double-digit AOI growth is forecast for 2026, led by strong global demand in concerts and sponsorship, while Venue Nation's international expansion and investments are set to accelerate AOI growth through 2028. Regulatory risks have eased following favorable legal rulings.
Q3 2025 Q3 2025 2025-11-04
Revenue rose 11% and AOI 14% year-over-year, driven by record stadium performance and strong international growth. Deferred revenue and ticket sales point to continued double-digit AOI growth in 2026, with robust demand across all segments and no signs of consumer weakness.
Q2 2025 Q2 2025 2025-08-07
Q2 2025 saw strong growth in concerts, ticketing, and sponsorships, with international expansion and venue investments driving results. Double-digit AOI growth is expected for the year, and global diversification is set to offset regional risks in 2026.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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