Want to see LYV full AI Analyst Report?
Top Page
Live Nation Entertainment
(NYSE:LYV)
Select Model
Select Model
Rating:60Neutral
Price Target:
$193.00
▲(8.89% Upside)
Action:Reiterated
Date:07/31/26
The score is primarily constrained by higher financial risk: very thin current net profitability and a fragile equity cushion alongside sizable debt, despite strong operating and free cash flow. Technicals add support because the stock is in a clear uptrend versus major moving averages. Guidance and demand commentary from the earnings call are constructive (double-digit ticket growth and stronger Q3/Q4 AOI), but legal/regulatory overhangs and heavy capex temper the outlook. Valuation is a drag given the negative P/E and lack of dividend yield data.
Positive Factors
Demand and Revenue Growth
Large-scale revenue growth and double-digit ticket volume indicate sustained consumer demand for live entertainment. Broad touring supply, stadium expansion and international growth can support continued adoption across concerts and ticketing.
Negative Factors
Fragile Balance Sheet
The very small equity cushion leaves limited protection against operating volatility, refinancing pressure or asset impairments. High debt relative to the capital base can restrict strategic flexibility and increase sensitivity to interest costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Demand and Revenue Growth
Large-scale revenue growth and double-digit ticket volume indicate sustained consumer demand for live entertainment. Broad touring supply, stadium expansion and international growth can support continued adoption across concerts and ticketing.
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
$43.50B
Dividend YieldN/A
Average Volume (3M)2.27M
Price to Earnings (P/E)―
Beta (1Y)0.89
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. Volume1,566,360
30 Day Avg. Volume2,274,540
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$207.82Price Target Upside17.26% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering17
EPS Forecast (FY)-0.34
Revenue Forecast (FY)$28.07B
Live Nation Entertainment Business Overview & Revenue Model
Company Description
Live Nation Entertainment, Inc. (LYV) is a global live entertainment company that operates across concert promotion and touring, ticketing, and venue operations. Through its portfolio of businesses (including Live Nation Concerts and Ticketmaster)...
How the Company Makes Money
Live Nation Entertainment primarily makes money through a mix of (1) concert and event promotion, (2) ticketing services, and (3) venue-related operations and ancillary event spending.
1) Concerts and event promotion (Live Nation Concerts): The c...
Live Nation Entertainment Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 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
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 | 1.72B | 2.07B | 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
Positive
177.24
Price Trends
180.49
Positive
171.46
Positive
158.82
Positive
Market Momentum
1.36
Positive
56.96
Neutral
48.47
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 177.24 is below the 20-day moving average (MA) of 183.25, below the 50-day MA of 180.49, and above the 200-day MA of 158.82, indicating a bullish trend. The MACD of 1.36 indicates Positive momentum. The RSI at 56.96 is Neutral, neither overbought nor oversold. The STOCH value of 48.47 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $27.37B | 15.83 | 14.74% | 0.99% | 5.07% | -20.95% | |
71 Outperform | $190.99B | 22.76 | 7.87% | 1.58% | 5.31% | -23.96% | |
66 Neutral | $36.61B | 64.05 | 6.41% | 1.72% | 35.92% | 15.44% | |
62 Neutral | $14.52B | 21.75 | 90.84% | 2.86% | 12.91% | 125.41% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $43.50B | -167.81 | 73.28% | ― | 10.75% | -146.20% | |
54 Neutral | $72.06B | -22.60 | -9.22% | ― | -5.87% | -512.89% |
* Communication Services Sector Average
LYV
Live Nation Entertainment
186.77
20.15
12.09%
DIS
Walt Disney
111.25
-4.72
-4.07%
TKO
TKO Group Holdings
193.41
11.08
6.08%
FOXA
Fox
70.33
11.82
20.20%
WMG
Warner Music Group
28.06
-4.53
-13.91%
WBD
Warner Bros
28.90
17.10
144.92%
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...
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.