Live Nation Entertainment (LYV): financials, SEC filings and peers
Live Nation Entertainment (LYV) is a movies & entertainment company in the Communication Services sector of the S&P 500, headquartered in Beverly Hills, California.
It was founded in 2010 and joined the S&P 500 on December 23, 2019.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Services-Amusement & Recreation Services”.
Live Nation Entertainment at a glance
- Revenue (12 months)
- $26.3B
- Revenue growth
- +10.8%
- Operating margin
- 3.0%
- Net income (12 months)
- $135M
- Free cash flow (12 months)
- $1.4B
- Cash
- $9.1B
- Debt
- $9.2B
- Diluted EPS (12 months)
- $-1.13
Twelve months to June 30, 2026, from the 10-Q filed July 30, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, Live Nation Entertainment reported revenue of $26.3 billion, up 10.8% from a year earlier.
Its operating margin was 3.0%, down 1.2 percentage points from a year earlier: for every $100 of sales, about $3 was left as operating profit.
Net income was $135 million (0.5% of revenue), 85.3% lower than a year earlier.
Profit fell while sales grew, which usually points to higher costs, heavier investment or one-time items. The filings explain which.
Operating cash flow was $2.6 billion and capital spending $1.2 billion, leaving free cash flow of $1.4 billion (5.3% of revenue).
At the end of the period it held $9.1 billion in cash and $9.2 billion in debt, a net debt position of $130 million.
The diluted share count rose 4.1% in a year, which dilutes existing shareholders.
Five-year trend
- Revenue went from $1.9 billion in fiscal 2020 to $25.2 billion in fiscal 2025, about 68.4% a year.
- Revenue has grown for 5 fiscal years in a row.
- Operating margin widened from -88.8% to 5.0% over the same years.
- Free cash flow was negative in 1 of the last 6 fiscal years.
- Live Nation Entertainment reported a net loss in 2 of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $6.3B | $16.7B | $22.7B | $23.2B | $25.2B |
| Revenue growth | 236.8% | 166.1% | 36.2% | 1.9% | 8.8% |
| Operating margin | -6.7% | 4.3% | 4.8% | 3.6% | 5.0% |
| Net income | −$651M | $266M | $557M | $896M | $496M |
| Free cash flow | $1.6B | $1.5B | $924M | $1.1B | $334M |
| Diluted EPS | $-3.09 | $0.52 | $1.34 | $2.74 | $-0.24 |
Fiscal years as reported in Live Nation Entertainment’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed September 25, 2026 — Executive or director change; Other event
- 10-Q filed July 30, 2026 — quarterly report
- 8-K filed July 30, 2026 — Earnings results
- 8-K filed June 12, 2026 — Shareholder vote results
- 8-K filed May 8, 2026 — Material agreement; New debt obligation
- 10-Q filed May 5, 2026 — quarterly report
- 8-K filed May 5, 2026 — Earnings results
- 10-K filed February 19, 2026 — annual report
Companies like Live Nation Entertainment
Other S&P 500 companies in Movies & Entertainment:
- DISWalt Disney Company (The)Burbank, California
- NFLXNetflixLos Gatos, California
- PSKYParamount Skydance CorporationLos Angeles, California
- TKOTKO Group HoldingsNew York City, New York
More from Communication Services
Questions about Live Nation Entertainment
Is Live Nation Entertainment's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $26.3 billion, up 10.8% from a year earlier, according to its SEC filings.
Is Live Nation Entertainment profitable?
Yes. It earned $135 million in net income over the twelve months to June 30, 2026, a net margin of 0.5%.
Does Live Nation Entertainment have more cash or more debt?
At June 30, 2026 it had $9.1 billion in cash and $9.2 billion in debt, so more debt than cash.
When did Live Nation Entertainment last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on July 30, 2026.
Which companies are similar to Live Nation Entertainment?
In the S&P 500, Live Nation Entertainment is grouped in Movies & Entertainment within the Communication Services sector. Walt Disney Company (The) (DIS), Netflix (NFLX), Paramount Skydance Corporation (PSKY), TKO Group Holdings (TKO) are in the same group.
Understand the numbers
Source: Live Nation Entertainment’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.