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Live Nation Entertainment
(NYSE:LYV)
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Rating:62Neutral
Price Target:
$183.00
▲(16.89% Upside)
Action:Reiterated
Date:06/13/26
The score is anchored by solid operating performance and improving recent cash generation, supported by a positive price trend and generally upbeat growth commentary. It is meaningfully constrained by high financial leverage/weak equity and an extremely expensive valuation (very high P/E), with additional near-term risks from legal/regulatory uncertainty and heavy capex.
Positive Factors
Cash Generation
Improved operating cash flow and a meaningful rebound in free cash flow provide durable internal funding for touring cycles, working capital and capex. Sustained cash generation enhances flexibility to invest in venues, service debt, and support strategic initiatives over the next several quarters.
Negative Factors
High Leverage
Elevated debt and intermittently negative equity materially constrain financial flexibility, raise interest and refinancing risk, and amplify earnings volatility. Over a multi‑quarter horizon, high leverage limits capacity for opportunistic investments and increases sensitivity to demand or rate shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Improved operating cash flow and a meaningful rebound in free cash flow provide durable internal funding for touring cycles, working capital and capex. Sustained cash generation enhances flexibility to invest in venues, service debt, and support strategic initiatives over the next several quarters.
Read all positive factors
Live Nation Entertainment Key Performance Indicators (KPIs)
Any
Fans by Geography
Shows the distribution of fans across different regions, indicating market penetration and potential growth opportunities in various locations.
Shows the distribution of fans across different regions, indicating market penetration and potential growth opportunities in various locations.
Data provided by:
The Fly
The FlyLive Nation Entertainment (LYV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$42.65B
Dividend YieldN/A
Average Volume (3M)2.59M
Price to Earnings (P/E)―
Beta (1Y)0.90
Revenue Growth12.64%
EPS Growth-158.14%
CountryUS
Employees16,200
SectorCommunication Services
Sector Strength97
IndustryEntertainment
Share Statistics
EPS (TTM)-1.75
Shares Outstanding232,712,800
10 Day Avg. Volume2,729,546
30 Day Avg. Volume2,588,238
Financial Highlights & Ratios
PEG Ratio5.46
Price to Book (P/B)121.91
Price to Sales (P/S)1.31
P/FCF Ratio99.03
Enterprise Value/Market Cap0.97
Enterprise Value/Revenue1.62
Enterprise Value/Gross Profit3.61
Enterprise Value/Ebitda26.05
Forecast
1Y Price Target
$190.42Price Target Upside21.63% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
EPS Forecast (FY)-0.19
Revenue Forecast (FY)$27.76B
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 primarily makes money through three major operating areas: Concerts, Ticketing, and Sponsorship & Advertising.
1) Concerts (event promotion and related services)
- Promoting/producing live events: Live Nation earns revenue from ticket...
Live Nation Entertainment Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 04, 2026
Earnings Call Sentiment Positive
Overall the call emphasized broad, supply-driven global growth across stadiums, amphitheaters, and international markets, with double-digit ticket sales growth, product investments at Ticketmaster, innovative venue financing (€600M securitization), and clear premium/on-site monetization progress (>$100 per fan at Hollywood Palladium). The principal negatives are legal/regulatory uncertainty and elevated near-term legal costs, a one-time mid-single-digit ticketing headwind from secondary-market policy changes, and heavy capital spending that pressures near-term free cash flow. Management expects the headwinds and legal costs to moderate and views the venue investments as accretive longer term.Positive Updates
Strong Global Supply and Demand Growth
Company reports robust global touring growth: stadiums and amphitheaters expanding, with international growth described as 'maybe even stronger than America.' Concert supply is increasing across all venue sizes driven by global artist touring, with Latin America called out as 'on fire.'
Negative Updates
Regulatory and Legal Uncertainty
Ongoing legal/regulatory matters remain unresolved: settlement review with the DOJ, state case remedies, and related court proceedings (day in court referenced). These matters are creating continued legal costs and process uncertainty.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Global Supply and Demand Growth
Company reports robust global touring growth: stadiums and amphitheaters expanding, with international growth described as 'maybe even stronger than America.' Concert supply is increasing across all venue sizes driven by global artist touring, with Latin America called out as 'on fire.'
Read all positive updates
Company Guidance
Management's guidance emphasized that 2026 is skewed toward stronger AOI in Q3 (and a strong Q4) due to a heavier mix of stadiums and U.S. amphitheaters, with amphitheater show count and ticket sales tracking up "over double digits"; cancellations remain normal at roughly a 1–2% rate (about 15,000 shows on sale and ~100 typical cancellations); Ticketmaster faces a mid‑single‑digit, one‑time headwind from secondary restrictions but ticketing sales are still growing and legal expenses should moderate over the next few quarters; Venue financing includes an initial venue securitization of just over €600 million, CapEx has increased from ~$400M to $600M to ~$1B (likely equal or higher this year) with maintenance capex for concerts only “a couple hundred million,” and Venue Nation fan counts are expected to grow double digits (previously 5M on ~65M total, trending toward 65M–70M+), while premium initiatives (Hollywood Palladium on‑site spend >$100 per fan) aim to lift premium mix toward as much as ~30% in new arenas and ~25% in upgraded amphitheaters.Live Nation Entertainment Financial Statement Overview
Summary
Income Statement
70
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 | 25.61B | 25.20B | 23.16B | 22.73B | 16.68B | 6.27B |
| Gross Profit | 11.46B | 5.80B | 5.83B | 5.48B | 4.33B | 1.91B |
| EBITDA | 1.59B | 2.07B | 1.62B | 1.78B | 1.22B | 87.45M |
| Net Income | 83.67M | 495.97M | 896.29M | 556.89M | 266.44M | -650.90M |
Balance Sheet | ||||||
| Total Assets | 26.07B | 22.91B | 19.64B | 19.07B | 16.46B | 14.40B |
| Cash, Cash Equivalents and Short-Term Investments | 9.08B | 7.11B | 6.10B | 6.23B | 5.61B | 4.88B |
| Total Debt | 10.58B | 12.44B | 8.27B | 8.44B | 7.70B | 7.46B |
| Total Liabilities | 24.63B | 21.09B | 17.69B | 17.59B | 15.70B | 14.04B |
| Stockholders Equity | -139.40M | 271.01M | 173.26M | -17.15M | -367.57M | -582.65M |
Cash Flow | ||||||
| Free Cash Flow | 1.23B | 333.61M | 1.05B | 887.72M | 1.48B | 1.62B |
| Operating Cash Flow | 2.41B | 1.40B | 1.73B | 1.36B | 1.83B | 1.78B |
| Investing Cash Flow | -1.44B | -1.23B | -854.28M | -695.80M | -784.69M | -566.96M |
| Financing Cash Flow | 709.05M | 406.51M | -658.55M | -87.28M | -143.34M | 1.17B |
Live Nation Entertainment Technical Analysis
Positive
156.56
Price Trends
167.98
Positive
162.64
Positive
154.22
Positive
Market Momentum
4.98
Negative
66.85
Neutral
84.97
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LYV, the sentiment is Positive. The current price of 156.56 is below the 20-day moving average (MA) of 174.79, below the 50-day MA of 167.98, and above the 200-day MA of 154.22, indicating a bullish trend. The MACD of 4.98 indicates Negative momentum. The RSI at 66.85 is Neutral, neither overbought nor oversold. The STOCH value of 84.97 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | $169.15B | 15.57 | 10.29% | 1.10% | 4.02% | 27.66% | |
75 Outperform | $14.29B | 32.72 | 67.11% | 2.47% | 12.55% | -0.50% | |
70 Outperform | $36.75B | 67.69 | 5.96% | 1.07% | 47.04% | 33.90% | |
70 Outperform | $22.14B | 12.19 | 14.86% | 0.75% | 0.60% | -5.58% | |
62 Neutral | $42.65B | -105.10 | 33.04% | ― | 12.64% | -158.14% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
55 Neutral | $65.49B | -37.86 | -4.94% | ― | -2.78% | 84.26% |
* Communication Services Sector Average
LYV
Live Nation Entertainment
183.92
40.36
28.11%
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Walt Disney
97.48
-21.41
-18.01%
TKO
TKO Group Holdings
193.58
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FOXA
Fox
54.92
0.23
0.42%
WMG
Warner Music Group
28.44
-0.99
-3.38%
WBD
Warner Bros
26.12
14.63
127.33%
Live Nation Entertainment Corporate Events
Executive/Board ChangesShareholder Meetings
Live Nation Shareholders Reelect Board, Back Governance Structure
Positive
Jun 12, 2026
At its June 11, 2026 annual meeting of stockholders, Live Nation Entertainment, Inc. saw shareholders elect 12 directors, including CEO Michael Rapino and several high-profile industry and business figures, to one-year terms expiring at the 2027 a...
Business Operations and StrategyPrivate Placements and Financing
Live Nation Executes €610 Million Venue-Backed Note Financing
Positive
May 8, 2026
On May 8, 2026, Live Nation VenueCo, LLC, a bankruptcy-remote special purpose vehicle indirectly owned by Live Nation Entertainment, closed a €610 million issuance of fixed-rate senior secured notes under a note purchase agreement and relate...
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.