Live Nation Entertainment Inc

Chart & Performance

D1W1MN

P/E

38.35

P/S

1.48

EPS

3.87

Div Yield, %

—

Shrs. gr., 5y

2.38%

Rev. gr., 5y

14.93%

Revenues

23.16b

+1.79%

Net income

896m

+59.12%

CFO

1.73b

+25.85%

Earnings

Jul 28, 2025

Profile

Live Nation Entertainment, Inc. is an entertainment company, which engages in producing, marketing and selling live concerts for artists via global concert pipe. The company is headquartered in Beverly Hills, California and currently employs 9,500 full-time employees. The firm's businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content. The Ticketing segment is an agency business that sells tickets for events on behalf of its clients. The Artist Nation segment provides management services to music artists in exchange for a commission on the earnings of artists. The Sponsorship & Advertising segment employs sales force that creates and maintains relationships with sponsors to allow businesses to reach customers through its concert, venue, artist relationship and ticketing assets, including advertising on its Websites.

URL

https://www.livenationentertainment.com/

IPO date

Dec 14, 2005

Employees

12,800

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	23,155,625 1.79%	22,749,073 36.38%	16,681,254 166.11%
Cost of revenue	21,424,578	20,848,883	12,617,674
Unusual Expense (Income)
NOPBT	1,731,047	1,900,190	4,063,580
NOPBT Margin	7.48%	8.35%	24.36%
Operating Taxes	(391,698)	160,227	96,254
Tax Rate		8.43%	2.37%
NOPAT	2,122,745	1,739,963	3,967,326
Net income	896,287 59.12%	563,280 37.66%	409,193 -167.21%
Dividends
Dividend yield
Proceeds from repurchase of equity		(9,484)	(41,150)
BB yield		0.04%	0.25%
Debt
Debt current	260,901	1,451,228	760,264
Long-term debt	3,513,938	8,983,429	8,732,749
Deferred revenue		60,555	56,953
Other long-term liabilities	7,781,233	109,106	93,494
Net debt	(2,320,585)	3,755,297	3,477,767
Cash flow
Cash from operating activities	1,725,175	1,370,794	1,832,063
CAPEX	(646,634)	(438,604)	(353,286)
Cash from investing activities	(854,281)	(695,805)	(784,691)
Cash from financing activities	(658,550)	(87,281)	(143,340)
FCF	1,770,692	790,622	3,752,864
Balance
Cash	6,095,424	6,231,866	5,606,457
Long term investments		447,494	408,789
Excess cash	4,937,643	5,541,906	5,181,183
Stockholders' equity	(753,316)	(880,187)	(1,927,888)
Invested Capital	11,294,709	11,120,859	10,540,154
ROIC	18.94%	16.07%	37.63%
ROCE	16.42%	17.99%	45.57%
EV
Common stock shares outstanding	236,352	230,977	231,557
Price	129.50 38.35%	93.60 34.21%	69.74 -41.73%
Market cap	30,607,642 41.57%	21,619,478 33.88%	16,148,776 -37.88%
EV	29,413,359	26,872,789	20,757,675
EBITDA	2,280,970	2,416,987	4,513,556
EV/EBITDA	12.90	11.12	4.60
Interest	325,974	350,244	278,483
Interest/NOPBT	18.83%	18.43%	6.85%