LYV on NYSE

Live Nation Entertainment

Logo: livenationentertainment.com6

American entertainment company

Live Nation Entertainment, Inc. is an American multinational entertainment company that was founded in 2010 following the merger of Live Nation and Ticketmaster.3 From Wikipedia, CC BY-SA 4.0

$170.59 down 1.93 (1.12%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 19, 2026.

Overview

2005Founded1

Compare with WME Group, Warner Music Group or TKO Group Holdings, or pick any stock.

  • TickerLYV on NYSE1
  • Industryshow business1
  • HeadquartersBeverly Hills1
  • Websitewww.livenationentertainment.com
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business address9348 Civic Center Drive, Beverly Hills, Ca 902107
  • Filer categoryLarge accelerated filer7
  • LEI5493007B9BM9ZXJINO784
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O CORPORATE CREATIONS NETWORK INC., 19803 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 40091514
9348 Civic Center Drive
Photo: Coolcaesar, CC BY 4.0, via Wikimedia Commons9

Live Nation Entertainment, Inc. is an American multinational entertainment company that was founded in 2010 following the merger of Live Nation and Ticketmaster. It continues to operate both brands as subsidiary companies, promoting and managing ticket sales for live entertainment internationally. It also owns and operates entertainment venues and festivals and manages the careers of music artists.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

5.0%Operating margin10
2.0%Net margin10
8.8%Revenue growth, 202510
183.0%Return on equity10
$333.6MFree cash flow10

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Concerts brought in 83% of the revenue Live Nation Entertainment broke down this way in fiscal 2025.

  1. Concerts$20.9B1083%up 10% from 2024
  2. Ticketing$3.1B1012%up 3% from 2024
  3. Sponsorship And Advertising$1.3B105%up 11% from 2024
Business segments by year
Business segments202320242025
Concerts$18.7B$19.0B$20.9B
Ticketing$3.0B$3.0B$3.1B
Sponsorship And Advertising$1.1B$1.2B$1.3B

Regions

Total Domestic Operations brought in 57% of the revenue Live Nation Entertainment broke down this way in fiscal 2025.

  1. Total Domestic Operations$14.3B1057%down 0% from 2024
  2. Europe$5.8B1023%up 26% from 2024
  3. Total Other Foreign Operations$5.1B1020%up 22% from 2024
Regions by year
Regions202320242025
Total Domestic Operations$14.2B$14.4B$14.3B
Europe$4.4B$4.6B$5.8B
Total Other Foreign Operations$4.1B$4.2B$5.1B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin16¢$4.1B
  • Other costs79¢$20.0B
  • Interest1¢$316.0M
  • Income tax1¢$339.8M
  • Profit2¢$496.0M

Out of $25.2B in revenue.10

Where each dollar of operating cash went, fiscal 2025

  • Capital spending76¢$1.1B
  • Share buybacks2¢$23.5M
  • Kept or used elsewhere22¢$310.1M

Out of $1.4B of cash from operations.10

Financial statements

Revenue1112131410$25.2B in 2025+118% since 2019
0$10.0B$20.0B$30.0B2019: $11.5B$11.5B20192020: $1.9B$1.9B2020−84%2021: $6.3B$6.3B2021+237%2022: $16.7B$16.7B2022+166%2023: $22.7B$22.7B2023+36%2024: $23.2B$23.2B2024+2%2025: $25.2B$25.2B2025+9%
Operating income1112131410$1.3B in 2025+285% since 2019
-$2.0B-$1.0B0$1.0B$2.0B2019: $324.8M$324.8M20192020: -$1.7B-$1.7B20202021: -$417.9M-$417.9M2021−75%2022: $722.0M$722.0M20222023: $1.1B$1.1B2023+50%2024: $824.5M$824.5M2024−24%2025: $1.3B$1.3B2025+52%
Net income1112131410$496.0M in 2025+610% since 2019
-$2.0B-$1.0B0$1.0B2019: $69.9M$69.9M20192020: -$1.7B-$1.7B20202021: -$650.9M-$650.9M2021−62%2022: $266.4M$266.4M20222023: $556.9M$556.9M2023+109%2024: $896.3M$896.3M2024+61%2025: $496.0M$496.0M2025−45%

Every line of the income statement as filed: the last 3 fiscal years, latest first.10

Period ending2025-12-312024-12-312023-12-31
Revenues$25.2B$23.2B$22.7B
Direct operating expenses$18.8B$17.4B$17.3B
Selling, general and administrative expenses$4.1B$4.0B$3.5B
Depreciation and amortization$638.9M$549.9M$516.8M
Gain (Loss) on Disposition of Other Assets$18.5M$11.0M$13.9M
Corporate expenses$474.7M$367.6M$330.8M
Operating income$1.3B$824.5M$1.1B
Interest expense$316.0M$326.0M$350.2M
Loss on extinguishment of debt$780.0K$2.6M$18.5M
Interest income-$150.4M-$156.3M-$237.8M
Equity in losses (earnings) of nonconsolidated affiliates-$3.2M$16.7M$5.5M
Other expense (income), net$57.5M-$103.9M$35.3M
Income before income taxes$1.0B$739.4M$913.3M
Income Tax Expense (Benefit)$339.8M-$391.7M$209.5M
Net income$690.7M$1.1B$703.8M
Net income attributable to noncontrolling interests$194.8M$234.8M$146.9M
Earnings Per Share, Basic-$0.24$2.77$1.35
Earnings Per Share, Diluted-$0.24$2.74$1.34
Weighted average common sharesbasic231.8M shares230.1M shares228.6M shares
Weighted average common sharesdiluted231.8M shares236.4M shares231.0M shares
Net income attributable to common stockholders of Live Nation$496.0M$896.3M$556.9M
Accretion of redeemable noncontrolling interests-$550.8M-$258.1M-$247.4M
Net income (loss) available to common stockholders of Live Nationbasic-$54.8M$638.2M$309.5M
Convertible debt interest, net of tax$0$9.2M$0
Net income (loss) available to common stockholders of Live Nationdiluted-$54.8M$647.4M$309.5M

Compare Live Nation Entertainment with another company

The story

In 2009, Live Nation and Ticketmaster, a concert promotion firm and ticketing company, reached an agreement to merge. The new company received regulatory approval and was named Live Nation Entertainment. Michael Rapino, then CEO of Live Nation, became the new company's CEO, while Ticketmaster CEO Irving Azoff was named executive chairman.

The merger was approved first in Norway and Turkey in 2009. The United Kingdom's Competition Commission provisionally ruled against the merger, but reversed its decision on December 22, 2009.

The merger was opposed in the U.S. by some regulators, artists, fans, and competing firms, who argued it would reduce competition in the industry and increase ticket costs. Rock musician Bruce Springsteen was a vocal opponent of the merger at the time.

On January 25, 2010, the U.S. Justice Department approved the merger pending certain conditions. Ticketmaster had to sell ownership of its self-ticketing company, Paciolan, and license its software to Anschutz Entertainment Group (AEG), which would allow it to compete "head-to-head" with Ticketmaster for business. AEG was given the option after five years to buy the software, replace it with something else, or partner with another ticketing company. Additionally, Live Nation Entertainment was placed under a 10-year court order prohibiting it from retaliating against venues that chose to accept competing ticket contracts. Over the following years, the company expanded its technological and digital distribution infrastructure. In June 2026, Live Nation integrated its Ticketmaster ticketing system directly into Spotify through a new "Reserved" ticketing feature on the streaming platform, aimed at adapting distribution channels to digital artist-to-fan interactions.

From Wikipedia’s article on Live Nation Entertainment, shared under CC BY-SA 4.0.8

Leadership

Who has led Live Nation Entertainment, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (33)

Products and brands

Live Nation Entertainment's business segments are concerts, ticketing, and sponsorship and advertising. The company promotes and operates live music events and manages artists under its concerts division Live Nation Concerts. Live Nation Entertainment's artist management arm, called Artist Nation, is included within its concerts division and also includes Front Line Management and Roc Nation. Live Nation Entertainment owns and operates hundreds of venues globally. The company sells tickets to live events through Ticketmaster.

From Wikipedia’s article on Live Nation Entertainment, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Owners

Subsidiaries

From Wikidata.1

Acquisitions

  1. Apr 11, 2019Acquired be•at1
  2. 2010Acquired Ticketmaster1

Former names

  • Live Nation, Inc.Sep 9, 2005 to Jan 26, 20107
  • CCE Spinco, Inc.Aug 10, 2005 to Jan 10, 20067

Timeline

  1. Jan 15, 2010New chief executive Nathan Hubbard becomes CEO18
  2. Apr 4, 2008New chief executive Michael Cohl becomes CEO20
  3. Mar 17, 2008New chief executive Alan Brian Ridgeway becomes CEO19
  4. Sep 21, 2007New chief executive Jason Garner becomes CEO22
  5. Feb 21, 2007New chief executive Bruce David Eskowitz becomes CEO21
  6. Feb 2, 2006New chief executive Michael Rapino becomes CEO23
  7. 2005Founded Founded1

Filings

380 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 46 major events, 241 insider forms, 22 large holders, 51 other. The latest 20:

  1. Oct 9, 20268-K EDGAR
  2. Oct 2, 20264 EDGAR
  3. Oct 2, 20268-K EDGAR
  4. Sep 25, 20268-K EDGAR
  5. Aug 25, 20264 EDGAR
  6. Aug 24, 2026144 EDGAR
  7. Aug 7, 20264 EDGAR
  8. Aug 7, 20264 EDGAR
  9. Aug 7, 20264 EDGAR
  10. Aug 7, 20264 EDGAR
  11. Aug 7, 2026SCHEDULE 13G EDGAR
  12. Jul 30, 202610-Q EDGAR
  13. Jul 30, 20268-K EDGAR
  14. Jul 14, 20264 EDGAR
  15. Jun 16, 20264 EDGAR
  16. Jun 15, 2026144 EDGAR
  17. Jun 12, 20264 EDGAR
  18. Jun 12, 20264 EDGAR
  19. Jun 12, 20264 EDGAR
  20. Jun 12, 20264 EDGAR

The 380 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

65 open-market trades by officers, directors and large owners since October 2021: 2 buys and 63 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 24, 2026Capo BrianChief Accounting OfficerSale2,900$184.00$533.6KForm 4
Jun 15, 2026HINSON JEFFREY T.DirectorSale2,115$175.00$370.1KForm 4
May 8, 2026Rowles MichaelEVP & General CounselSale63,776$164.24$10.5MForm 4
May 7, 2026Hopmans JohnEVP, M&A and Strategic FinanceSale93,078$166.07$15.5MForm 4
Mar 10, 2026HINSON JEFFREY T.DirectorSale944$165.87$156.6KForm 4
May 16, 2025Hopmans JohnEVP, M&A and Strategic FinanceSale34,808$147.38$5.1MForm 4
May 12, 2025KAHAN JAMES SDirectorSale3,410$139.52$475.8KForm 4
May 9, 2025HINSON JEFFREY T.DirectorSale3,977$135.66$539.5KForm 4
Mar 12, 2025HINSON JEFFREY T.DirectorSale500$122.95$61.5KForm 4
Mar 11, 2025Capo BrianChief Accounting OfficerSale5,066$123.24$624.3KForm 4
Feb 25, 2025Rowles MichaelEVP & General CounselSale28,828$147.22$4.2MForm 4
Feb 24, 2025Rowles MichaelEVP & General CounselSale63,136$155.40$9.8MForm 4
Sep 12, 2024Berchtold JoePresident & CFOSale29,310$97.50$2.9MForm 4
Sep 12, 2024Rapino MichaelPresident & CEOSale98,849$97.50$9.6MForm 4
Sep 11, 2024Rowles MichaelEVP & General CounselSale35,000$97.64$3.4MForm 4
Sep 9, 2024HINSON JEFFREY T.DirectorSale5,640$95.18$536.8KForm 4
Aug 20, 2024Fu PingDirectorSale1,701$96.56$164.2KForm 4
Aug 19, 2024Capo BrianChief Accounting OfficerSale5,000$96.61$483.1KForm 4
Aug 16, 2024HINSON JEFFREY T.DirectorSale1,500$94.11$141.2KForm 4
Mar 8, 2024HINSON JEFFREY T.DirectorSale1,001$100.50$100.6KForm 4

All 65 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.13,521,060$2.5B0.0%+36,754
State Street Corp11,387,981$2.1B0.1%−1,315,990
Fmr LLC10,702,508$2.0B0.1%+2,803,783
Vanguard Capital Management LLC10,561,545$1.9B0.0%+88,900
Principal Financial Group Inc9,967,266$1.8B0.9%−1,128,039
Vanguard Portfolio Management LLC8,207,296$1.5B0.1%−152,116
Capital International Investors7,216,244$1.3B0.3%+103,557
Bank Of America Corp /de/6,670,297$1.2B0.1%+106,747
Independent Franchise Partners LLP6,013,439$1.1B7.2%+148,682
Morgan Stanley4,750,253$869.8M0.0%+707,173
Canada Pension Plan Investment Board4,691,266$859.0M0.5%−4,107,569
Select Equity Group, L.P.4,523,826$828.4M4.4%−820,629
Geode Capital Management, LLC4,443,238$810.5M0.0%+35,238
Jericho Capital Asset Management L.P.4,194,203$768.0M6.3%+266,820
Massachusetts Financial Services Co /ma/3,231,342$591.3M0.2%+48,918
Jpmorgan Chase & Co3,236,919$590.9M0.0%−319,783
Jennison Associates LLC2,365,884$433.2M0.3%+2,286,797
Capital World Investors2,349,312$430.2M0.1%−144,904
Franklin Resources Inc2,218,584$406.2M0.1%+616,351
Norges Bank2,199,335$402.7M0.0%New
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main2,099,990$384.5M0.3%+602,762
Invesco Ltd.2,072,389$379.5M0.0%+326,661
Goldman Sachs Group Inc1,900,662$348.0M0.0%+175,705
Wellington Management Group Llp1,891,959$346.4M0.1%+5,998
Artisan Partners Limited Partnership1,515,238$277.5M0.5%+230,883

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

29 trades disclosed by members of Congress, the latest 25. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Aug 25, 2026April McClain DelaneyDemocratic, HouseSale$100,001 - $250,000+8.4%Report
Aug 17, 2026April McClain DelaneyDemocratic, HousePartial sale$1,001 - $15,000+6.4%Report
Aug 14, 2026April McClain DelaneyDemocratic, HousePartial sale$1,001 - $15,000+7.9%Report
Jul 21, 2026April McClain DelaneyDemocratic, HousePartial sale$1,001 - $15,000+6.1%Report
Jul 20, 2026April McClain DelaneyDemocratic, HousePartial sale$1,001 - $15,000+8.6%Report
Jun 12, 2026April McClain DelaneyDemocratic, HousePartial sale$1,001 - $15,000+4.0%Report
Jun 2, 2026April McClain DelaneyDemocratic, HousePartial sale$1,001 - $15,000−1.3%Report
Jun 1, 2026April McClain DelaneyDemocratic, HousePartial sale$1,001 - $15,000+0.5%Report
Mar 27, 2026Alan ArmstrongRepublican, SenateBuy$1,001 - $15,000−3.3%Report
Dec 2, 2025April McClain DelaneyDemocratic, HouseBuy$1,001 - $15,000+21.0%Report
Feb 14, 2025April McClain DelaneyDemocratic, HousePartial sale$1,001 - $15,000+14.4%Report
Nov 30, 2022Susie LeeDemocratic, HouseSale$1,001 - $15,000−47.8%Report
Aug 6, 2021Susie LeeDemocratic, HousePartial sale$1,001 - $15,000−27.6%Report
Jul 13, 2021Susie LeeDemocratic, HouseBuy$1,001 - $15,000+33.8%Report
Jul 7, 2021Susie LeeDemocratic, HouseBuy$1,001 - $15,000+28.7%Report
Jun 10, 2021Susie LeeDemocratic, HouseBuy$1,001 - $15,000+16.1%Report
May 26, 2021Susie LeeDemocratic, HouseBuy$1,001 - $15,000+6.9%Report
May 14, 2021Susie LeeDemocratic, HouseBuy$1,001 - $15,000+15.8%Report
Feb 10, 2021Thomas R. SuozziDemocratic, HouseSale$15,001 - $50,000−18.8%Report
Jan 21, 2021Thomas R. SuozziDemocratic, HouseBuy$15,001 - $50,000+30.4%Report
Apr 14, 2020David A Perdue , Jr, SenateSale$15,001 - $50,000−139.2%Report
Apr 6, 2020David A Perdue , Jr, SenateBuy$1,001 - $15,000+208.5%Report
Apr 3, 2020David A Perdue , Jr, SenateBuy$1,001 - $15,000+202.9%Report
Mar 18, 2020David A Perdue , Jr, SenateBuy$1,001 - $15,000+263.2%Report
Mar 18, 2020David A Perdue , Jr, SenateBuy$1,001 - $15,000+263.2%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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