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Live Nation Entertainment
(NYSE:LYV)
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Rating:60Neutral
Price Target:
$180.00
▼(-0.91% Downside)
Action:Reiterated
Date:10/10/26
LYV’s score is primarily supported by strong cash generation and highly optimistic 2026 growth/margin guidance. These positives are meaningfully tempered by balance-sheet fragility (thin equity base with sizable debt) and very low current net profitability, while technical indicators are mixed and valuation is unattractive due to the negative P/E.
Positive Factors
Strong Cash Generation
Substantial operating and free cash flow gives Live Nation internal funding capacity for venue investment, acquisitions, and ongoing operations. This cash generation is a durable strength, although leverage still limits how much of it can be deployed without competing financing demands.
Negative Factors
Fragile Balance Sheet
The very small equity cushion leaves Live Nation less able to absorb operating volatility or unexpected changes in event economics. Although the company generates meaningful cash, sizable debt and historically negative equity constrain financial flexibility and keep refinancing obligations important.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
Substantial operating and free cash flow gives Live Nation internal funding capacity for venue investment, acquisitions, and ongoing operations. This cash generation is a durable strength, although leverage still limits how much of it can be deployed without competing financing demands.
Read all positive factors
Live Nation Entertainment Key Performance Indicators (KPIs)
Any
Total Expense Breakdown
Offers a detailed look at the company's spending across various areas, highlighting cost management and investment priorities that impact profitability.
Offers a detailed look at the company's spending across various areas, highlighting cost management and investment priorities that impact profitability.
Data provided by:
The Fly
The FlyLive Nation Entertainment (LYV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$40.14B
Dividend YieldN/A
Average Volume (3M)1.91M
Price to Earnings (P/E)―
Beta (1Y)0.85
Revenue Growth10.75%
EPS Growth-146.20%
CountryUS
Employees17,700
SectorCommunication Services
Sector Strength97
IndustryEntertainment
Share Statistics
EPS (TTM)-1.10
Shares Outstanding235,633,870
10 Day Avg. Volume1,917,510
30 Day Avg. Volume1,905,709
Financial Highlights & Ratios
PEG Ratio5.46
Price to Book (P/B)121.91
Price to Sales (P/S)1.31
P/FCF Ratio108.33
Enterprise Value/Market Cap1.21
Enterprise Value/Revenue1.85
Enterprise Value/Gross Profit4.12
Enterprise Value/Ebitda28.72
Forecast
1Y Price Target
$206.94Price Target Upside13.92% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering17
EPS Forecast (FY)-0.35
Revenue Forecast (FY)$28.09B
Live Nation Entertainment Business Overview & Revenue Model
Company Description
Live Nation Entertainment, Inc., incorporated in 2005 and formerly known as Live Nation, Inc. until its name change in January 2010, is a global leader in live entertainment, headquartered in Beverly Hills, California. The company's diverse operat...
How the Company Makes Money
Live Nation Entertainment primarily makes money by monetizing live events through multiple, complementary revenue streams across promotion, ticketing, and venues.
1) Concerts / Promotion (Live Nation)
- Event promotion revenue: Live Nation promot...
Live Nation Entertainment Earnings Call Summary
Earnings Call Date:Jul 30, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call was strongly optimistic, with record consumer demand, fan counts up over 10%, double-digit full-year growth expectations, strong international and amphitheater performance, improved Ticketmaster prospects, and substantial venue expansion opportunities. The main challenges were temporary U.S. stadium availability, the long ramp time for newly built venues, and Live Nation's currently small market share in Japan.Positive Updates
Broad-Based Consumer Demand Growth
Live Nation reported no consumer issues to date, with fan counts up over 10% across international markets, the U.S., clubs, amphitheaters, stadiums, all genres, and all venues. Consumers are buying at record levels, and the company expects 2026 to be another record year after multiple record years.
Negative Updates
U.S. Stadium Availability Temporarily Affected First-Half Growth
U.S. growth was impacted by stadium availability in the second quarter and into the first part of the third quarter. Management said that essentially all U.S. fan growth is expected to occur in the second half.
Read all updates
Q2-2026 Updates
Positive
Negative
Broad-Based Consumer Demand Growth
Live Nation reported no consumer issues to date, with fan counts up over 10% across international markets, the U.S., clubs, amphitheaters, stadiums, all genres, and all venues. Consumers are buying at record levels, and the company expects 2026 to be another record year after multiple record years.
Read all positive updates
Company Guidance
Live Nation expects 2026 to be “an absolute record year,” with “a strong Q3 and Q4”; full-year “double-digit fan growth” is expected to drive “double-digit revenue and AOI growth” and “margin expansion,” with “double-digit fan growth year-on-year in each of Q3 and Q4” in both the U.S. and internationally. Ticketmaster’s full-year AOI growth expectation is “at mid-single digits,” while fee-bearing ticket count is growing by “high single digits”; secondary is “below teens,” a “low double-digit portion” of global GTV, and the concert piece is “probably 5% of our global GTV.” Cancellations are “1.1% cancellations versus 1.6 average,” amphitheater attendance is up “double digits” with “70% focused” growth in the back half, and Live Nation has acquired three arenas, expects “a few more before the end of 2027, probably four or five,” and is adding capacity for “about 15 million fans between what we're building and buying between 2026 and 2027.” CapEx impact is expected to begin “probably 2028,” arena or large theater builds generally take “two to three years,” and completed venues take “a couple of years” to fully ramp; 2027 “looks like a strong year,” Japan is a “$1+ billion live business,” with “90% of business” local Japanese business, and Latin America is in “the second inning of the nine-inning game.”Live Nation Entertainment Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
28
Negative
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.27B | 25.20B | 23.16B | 22.73B | 16.68B | 6.27B |
| Gross Profit | 11.78B | 5.80B | 5.83B | 5.48B | 4.33B | 1.91B |
| EBITDA | 1.69B | 1.99B | 1.62B | 1.78B | 1.22B | 87.45M |
| Net Income | 134.70M | 495.97M | 896.29M | 556.89M | 266.44M | -650.90M |
Balance Sheet | ||||||
| Total Assets | 28.18B | 22.91B | 19.64B | 19.07B | 16.46B | 14.40B |
| Cash, Cash Equivalents and Short-Term Investments | 9.07B | 7.11B | 6.10B | 6.23B | 5.61B | 4.88B |
| Total Debt | 11.28B | 12.44B | 8.27B | 8.44B | 7.70B | 7.46B |
| Total Liabilities | 26.36B | 21.09B | 17.69B | 17.59B | 15.70B | 14.04B |
| Stockholders Equity | 82.33M | 271.01M | 173.26M | -17.15M | -367.57M | -582.65M |
Cash Flow | ||||||
| Free Cash Flow | 1.37B | 304.98M | 1.05B | 887.72M | 1.48B | 1.62B |
| Operating Cash Flow | 2.61B | 1.40B | 1.73B | 1.36B | 1.83B | 1.78B |
| Investing Cash Flow | -1.61B | -1.23B | -854.28M | -695.80M | -784.69M | -566.96M |
| Financing Cash Flow | 1.21B | 406.51M | -658.55M | -87.28M | -143.34M | 1.17B |
Live Nation Entertainment Technical Analysis
Neutral
181.65
Price Trends
176.23
Negative
175.24
Negative
164.59
Positive
Market Momentum
-1.32
Negative
45.76
Neutral
64.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LYV, the sentiment is Neutral. The current price of 181.65 is above the 20-day moving average (MA) of 170.06, above the 50-day MA of 176.23, and above the 200-day MA of 164.59, indicating a neutral trend. The MACD of -1.32 indicates Negative momentum. The RSI at 45.76 is Neutral, neither overbought nor oversold. The STOCH value of 64.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for LYV.
Live Nation Entertainment Risk Analysis
Live Nation Entertainment disclosed 24 risk factors in its most recent earnings report. Live Nation Entertainment reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Live Nation Entertainment Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $186.57B | 22.25 | 7.87% | 1.39% | 5.31% | -23.96% | |
67 Neutral | $24.88B | 14.39 | 14.74% | 0.91% | 5.07% | -20.95% | |
66 Neutral | $33.69B | 58.97 | 6.41% | 1.76% | 35.92% | 15.44% | |
65 Neutral | $15.02B | 22.38 | 90.84% | 2.68% | 12.91% | 125.41% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $40.14B | -156.35 | 73.28% | ― | 10.75% | -146.20% |
* Communication Services Sector Average
LYV
Live Nation Entertainment
170.33
16.47
10.70%
DIS
Walt Disney
108.05
-0.65
-0.59%
TKO
TKO Group Holdings
178.01
-7.64
-4.12%
FOXA
Fox
62.41
4.85
8.42%
WMG
Warner Music Group
28.72
-2.61
-8.34%
Live Nation Entertainment Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Live Nation prices new senior notes to refinance debt
Positive
Oct 9, 2026
On October 7, 2026, Live Nation Entertainment announced it had priced a private offering of $730 million in 7.125% U.S. dollar senior notes and €600 million in 6.125% euro senior notes, both maturing in 2032, with closing expected on October...
Executive/Board Changes
Live Nation Extends CEO Michael Rapino’s Contract
Positive
Oct 2, 2026
On September 30, 2026, Live Nation Entertainment renewed and extended President and Chief Executive Officer Michael Rapino’s employment agreement, effective October 1, 2026 through December 31, 2031, with unanimous board approval aside from ...
Business Operations and StrategyExecutive/Board Changes
Live Nation Announces Legal Leadership Transition and Succession
Neutral
Sep 25, 2026
On September 25, 2026, Live Nation Entertainment, Inc. extended the employment agreement of Executive Vice President, General Counsel and Secretary Michael G. Rowles to December 31, 2029, with changes effective November 1, 2026. Beginning January ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.