Live Nation Entertainment (LYV)
NYSE:LYV
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Live Nation Entertainment
(NYSE:LYV)
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Rating:63Neutral
Price Target:
$174.00
▲(11.14% Upside)
Action:Reiterated
Date:05/09/26
LYV scores as moderately attractive: improving cash generation and solid operating performance support the profile, reinforced by a constructive technical trend. The score is held back by high leverage/weak equity and very thin recent net profitability, plus earnings-call risks around legal/regulatory uncertainty, high capex, and a near-term ticketing headwind; valuation support is also limited by a negative P/E and no dividend.
Positive Factors
Strong cash generation
Improved operating cash flow (~$2.4B TTM) and a rebound in free cash flow (~$1.23B) provide durable internal funding for touring cycles, working capital and reinvestment. Consistent cash generation increases resilience to revenue seasonality and supports growth investments or debt service over the medium term.
Negative Factors
High leverage and weak equity
Elevated debt (~$10.6B) and intermittently negative equity materially increase financial risk. High leverage amplifies sensitivity to interest costs and demand shocks, constrains strategic flexibility, and raises refinancing and covenant risk, making multi‑year capital allocation and downturn resilience dependent on steady cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Improved operating cash flow (~$2.4B TTM) and a rebound in free cash flow (~$1.23B) provide durable internal funding for touring cycles, working capital and reinvestment. Consistent cash generation increases resilience to revenue seasonality and supports growth investments or debt service over the medium term.
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
$38.53B
Dividend YieldN/A
Average Volume (3M)2.90M
Price to Earnings (P/E)―
Beta (1Y)0.89
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. Volume2,538,775
30 Day Avg. Volume2,898,533
Financial Highlights & Ratios
PEG Ratio-0.61
Price to Book (P/B)121.91
Price to Sales (P/S)1.31
P/FCF Ratio99.03
Enterprise Value/Market Cap1.04
Enterprise Value/Revenue1.56
Enterprise Value/Gross Profit3.49
Enterprise Value/Ebitda19.49
Forecast
1Y Price Target
$189.19Price Target Upside20.84% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering16
EPS Forecast (FY)-0.08
Revenue Forecast (FY)$27.76B
Live Nation Entertainment Business Overview & Revenue Model
Company Description
Live Nation Entertainment, Inc. operates as a live entertainment company. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rent...
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 | 2.05B | 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
158.62
Positive
154.73
Positive
153.11
Positive
Market Momentum
2.30
Positive
55.21
Neutral
41.86
Neutral
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 162.74, below the 50-day MA of 158.62, and above the 200-day MA of 153.11, indicating a bullish trend. The MACD of 2.30 indicates Positive momentum. The RSI at 55.21 is Neutral, neither overbought nor oversold. The STOCH value of 41.86 is Neutral, 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 | $178.86B | 18.16 | 10.29% | 1.10% | 4.02% | 27.66% | |
75 Outperform | $18.11B | 18.11 | 67.11% | 2.47% | 12.55% | -0.50% | |
73 Outperform | $25.70B | 37.29 | 14.86% | 0.75% | 0.60% | -5.58% | |
65 Neutral | $36.60B | 43.63 | 5.96% | 1.07% | 47.04% | 33.90% | |
63 Neutral | $38.53B | -22.77 | 33.04% | ― | 12.64% | -158.14% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
55 Neutral | $67.77B | -5.13 | -6.13% | ― | -2.78% | 84.26% |
* Communication Services Sector Average
LYV
Live Nation Entertainment
165.55
20.54
14.16%
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103.00
-8.13
-7.32%
TKO
TKO Group Holdings
191.50
35.95
23.11%
FOXA
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63.98
9.46
17.35%
WMG
Warner Music Group
34.72
9.16
35.85%
WBD
Warner Bros
27.03
17.48
183.04%
Live Nation Entertainment Corporate Events
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.