Live Nation Entertainment Inc

Chart & Performance

D1W1MN

P/E

54.59

P/S

1.35

EPS

2.44

Div Yield, %

0.00%

Shrs. gr., 5y

2.17%

Rev. gr., 5y

16.09%

Revenues

22.75b

+36.38%

Net income

563m

+37.66%

CFO

1.37b

-25.18%

Earnings

Feb 20, 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	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	22,749,073 36.38%	16,681,254 166.11%	6,268,447 236.80%
Cost of revenue	20,848,883	12,617,674	6,147,669
Unusual Expense (Income)
NOPBT	1,900,190	4,063,580	120,778
NOPBT Margin	8.35%	24.36%	1.93%
Operating Taxes	160,227	96,254	(2,481)
Tax Rate	8.43%	2.37%
NOPAT	1,739,963	3,967,326	123,259
Net income	563,280 37.66%	409,193 -167.21%	(608,786) -66.69%
Dividends
Dividend yield
Proceeds from repurchase of equity	(9,484)	(41,150)	403,785
BB yield	0.04%	0.25%	-1.55%
Debt
Debt current	1,451,228	760,264	708,969
Long-term debt	8,983,429	8,732,749	8,481,327
Deferred revenue	60,555	56,953	116,682
Other long-term liabilities	109,106	93,494	78,350
Net debt	3,755,297	3,477,767	4,011,922
Cash flow
Cash from operating activities	1,370,794	1,832,063	1,780,568
CAPEX	(438,604)	(353,286)	(159,834)
Cash from investing activities	(695,805)	(784,691)	(566,962)
Cash from financing activities	(87,281)	(143,340)	1,171,332
FCF	790,622	3,752,864	(445,174)
Balance
Cash	6,231,866	5,606,457	4,884,729
Long term investments	447,494	408,789	293,645
Excess cash	5,541,906	5,181,183	4,864,952
Stockholders' equity	(880,187)	(1,927,888)	(2,527,363)
Invested Capital	11,120,859	10,540,154	10,546,379
ROIC	16.07%	37.63%	1.26%
ROCE	17.99%	45.57%	1.46%
EV
Common stock shares outstanding	230,977	231,557	217,191
Price	93.60 34.21%	69.74 -41.73%	119.69 62.89%
Market cap	21,619,478 33.88%	16,148,776 -37.88%	25,995,574 66.66%
EV	26,872,789	20,757,675	30,953,614
EBITDA	2,416,987	4,513,556	537,055
EV/EBITDA	11.12	4.60	57.64
Interest	350,244	278,483	282,440
Interest/NOPBT	18.43%	6.85%	233.85%