Live Nation Entertainment (LYV) stock
Communication Services · Movies & Entertainment
Live Nation Entertainment (LYV) is a Movies & Entertainment company in the Communication Services sector, headquartered in Beverly Hills, California. As of October 23, 2026, LYV closed at $173.44, a market capitalization of $40.40 billion, the 272nd largest company in the S&P 500. Over the last twelve months it generated $26.27 billion in revenue (+9% year over year) and $1.37 billion in free cash flow.
- 1-year total return: +13.1% (dividends reinvested)
- 5-year return: +11.5% a year
- 52-week range: $125.34 – $189.25
- Gross margin 25.8%, operating margin 6.7%
- FI Handbook report card: D+ across 10 metrics
- 11th largest of 22 Communication Services stocks in the S&P 500
LYV price chart
1Y price change: +13.1% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| LYV | +2.6% | +21.7% | +13.1% | +30.1% | +11.5% | +20.2% | +14.2% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2005.
LYV key statistics
- Market cap
- $40.4B
- #272 in S&P 500
- P/E (TTM)
- —
- Forward P/E
- 91.2x
- EPS (TTM)
- $-1.11
- Revenue (TTM)
- $26.3B
- +9%
- Free cash flow
- $1.4B
- Gross margin
- 25.8%
- Operating margin
- 6.7%
- Return on equity
- 17.7%
- Dividend yield
- None
- 52-week range
- $125.34 – $189.25
- Beta
- 1.17
- Price / sales
- 1.5x
- EV / EBITDA
- 28.6x
- Debt / equity
- 6.20x
- Employees
- 17,700
LYV report card
D+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth9.4%C
- Gross margin25.8%C
- Operating margin6.7%D
- FCF margin5.2%D
- Return on equity17.7%B
- Net debt / EBITDA1.4xC
- Forward P/E91.2xF
- PEG ratio4.4xF
- Shareholder yield0.1%F
- Share count change / yr1.8%D
Live Nation Entertainment financials
Revenue went from $7.8B in fiscal 2016 to $25.2B in fiscal 2025, growing 13.9% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.8B | $9.7B | $10.8B | $11.5B | $1.9B | $6.3B | $16.7B | $22.7B | $23.2B | $25.2B |
| Operating income | $194.9M | $91.4M | $272.5M | $324.8M | -$1.7B | -$417.9M | $722.0M | $1.1B | $824.5M | $1.3B |
| Net income | $2.9M | -$6.0M | $60.2M | $69.9M | -$1.7B | -$650.9M | $266.4M | $556.9M | $896.3M | $496.0M |
| EPS (diluted) | — | — | — | — | $-8.12 | $-3.09 | $0.52 | $1.34 | $2.74 | $-0.24 |
| Free cash flow | $424.9M | $385.1M | $701.8M | $146.2M | -$1.3B | $1.6B | $1.5B | $924.4M | $1.1B | $333.6M |
| Buybacks | — | — | — | — | — | — | — | $0 | $0 | $23.5M |
| Diluted shares | — | — | — | — | 212.3M | 217.2M | 231.6M | 231.0M | 236.4M | 231.8M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into LYV?
A reverse DCF asks what growth the current price requires. With an enterprise value of $42.6B and $1.4B of trailing free cash flow, Live Nation Entertainment needs to grow free cash flow about 21.7% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 59.2x vs. median 75.9x (10th–90th percentile 51.0x–165.7x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
LYV analyst price targets
24 analysts' average 12-month target is $202.63 (+17% vs. $173.44). Targets range from $145.00 to $222.00. 80% rate it a buy.
LYV earnings
Next report: November 5, 2026. Live Nation Entertainment has beaten EPS estimates 1 quarters in a row. Last quarter's revenue was $7.7B (+9% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 30, 2026 | $0.57 | $1.05 | +82.9% |
| May 5, 2026 | $-0.32 | $-1.85 | -485.7% |
| Feb 19, 2026 | $-1.05 | $-1.06 | -1.2% |
| Nov 4, 2025 | $1.49 | $0.73 | -51.1% |
| Aug 7, 2025 | $1.02 | $0.41 | -59.8% |
| May 1, 2025 | $-0.16 | $-0.32 | -100.0% |
| Feb 20, 2025 | $-1.05 | $1.39 | +232.4% |
| Nov 11, 2024 | $1.67 | $1.89 | +13.1% |
Stocks like LYV
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|---|---|---|---|---|---|
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LYV news
- Live Nation Entertainment Schedules Third Quarter 2026 Earnings Release and Teleconference, Sets Date for Investor Presentation · Oct 22, 2026
- Here's What to Expect From Live Nation Entertainment's Next Earnings Report · Oct 16, 2026
- 1 High-Flying Stock to Own for Decades and 2 We Turn Down · Oct 13, 2026
- Live Nation Entertainment Announces Pricing of Private Senior Notes Offering · Oct 8, 2026
- Live Nation Entertainment Announces Launch of Private Senior Notes Offering · Oct 6, 2026
LYV stock FAQ
What is LYV's market cap?
Live Nation Entertainment's market capitalization is $40.40 billion as of October 23, 2026, ranking 272nd in the S&P 500.
Does LYV pay a dividend?
No. Live Nation Entertainment does not currently pay a regular cash dividend.
How much has LYV stock returned?
Including reinvested dividends, LYV returned +13.1% over one year, +11.5% a year over five years, +20.2% a year over ten years through October 23, 2026.
Is LYV stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Live Nation Entertainment must grow free cash flow about 22% a year for the next decade. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the LYV price target?
24 analysts cover LYV with an average 12-month price target of $202.62, +17% from the current price. 80% of them rate it a buy.
When does LYV report earnings?
Live Nation Entertainment is expected to report earnings on November 5, 2026. It has beaten EPS estimates 1 quarters in a row.
How many employees does Live Nation Entertainment have?
Live Nation Entertainment has about 17,700 full-time employees, or $1.5 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology