Live Nation Entertainment, Inc.

Listed Company

LYVCIK 0001335258NYSELarge AcceleratedServices-Amusement & Recreation ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$25.20B

Net Income

$495.97M

Total Assets

$22.91B

Equity

$271.01M

Shares Out

235.55M

Op. Cash Flow

$1.40B

LYV$180.26+19.55% · past yearDBEQ Basic

Daily closing prices

Business

Live Nation Entertainment is the world's largest live entertainment company, promoting approximately 55,000 live music events annually and connecting over 805 million fans across concerts and ticketing platforms in 55 countries. The company operates three core businesses: Concerts (promotion, venue operation, festivals, and artist management), Ticketing (primary and secondary ticket sales and distribution through digital and physical channels), and Sponsorship & Advertising (brand partnerships and marketing programs tied to venues and events). Live Nation owns, operates, or has equity interests in 460 venues globally and manages approximately 360 artists through its artist management division.

Summary from 10-K filed 2026-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	25,201	23,156	22,726	16,681	6,268
Direct operating expenses	18,763	17,381	17,291	12,348	4,356
Selling, general and administrative expenses	4,092	4,044	3,517	2,956	1,755
Depreciation and amortization	639	550	517	450	416
Gain (Loss) on Disposition of Other Assets	19	11	14	32	—
Corporate expenses	475	368	331	238	160
Operating income	1,251	825	1,085	722	−418
Interest expense	316	326	350	278	282
Loss on extinguishment of debt	780,000	3	19	0	0
Interest income	−150	−156	−238	−78	−7
Equity in losses (earnings) of nonconsolidated affiliates	−3	17	5	−11	−3
Other expense (income), net	58	−104	35	41	4
Income before income taxes	1,031	739	913	491	−611
Income Tax Expense (Benefit)	340	−392	209	116	−2
Net income	691	1,131	704	375	−609
Net income attributable to noncontrolling interests	195	235	147	108	42
Net income attributable to common stockholders of Live Nation	496	896	557	266	−651
Earnings Per Share, Basic	−0.24	2.77	1.35	0.53	−3.09
Earnings Per Share, Diluted	−0.24	2.74	1.34	0.52	−3.09
Weighted average common sharesbasic	232	230	229	225	217
Weighted average common sharesdiluted	232	236	231	232	217
Accretion of redeemable noncontrolling interests	−551	−258	−247	−147	−20
Net income (loss) available to common stockholders of Live Nationbasic	−55	638	309	120	−671
Convertible debt interest, net of tax	0	9	0	0	—
Net income (loss) available to common stockholders of Live Nationdiluted	−55	647	309	120	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	7,094	6,095	6,232	5,606	4,885
Accounts receivable, less allowance of $73,912 and $72,663, respectively	2,009	1,747	2,025	1,465	1,067
Prepaid expenses	1,454	1,247	1,148	950	655
Other current assets	417	200	122	132	75
Total current assets	10,974	9,290	9,533	8,160	6,684
Property, plant and equipment, net	3,416	2,442	2,101	1,488	1,092
Operating lease assets	1,870	1,618	1,606	1,571	1,539
Definite-lived intangible assets, net	1,078	986	1,162	1,051	1,026
Indefinite-lived intangible assets, net	369	381	377	369	369
Goodwill	2,889	2,621	2,691	2,529	2,591
Long-term advances	631	520	623	569	553
Other long-term assets	1,685	1,781	935	725	548
Total assets	22,913	19,639	19,030	16,461	14,402
Accounts payable, client accounts	1,941	1,860	1,867	1,791	1,532
Accrued expenses and accounts payable	3,556	3,300	3,031	2,368	1,646
Deferred revenue	4,500	3,700	3,400	3,100	2,800
Long-Term Debt and Lease Obligation, Current	588	261	1,134	620	585
Other current liabilities	482	216	128	69	83
Total current liabilities	11,029	9,358	9,984	8,303	6,856
Long-term debt, net	7,612	6,177	5,459	5,283	5,145
Operating Lease, Liability, Noncurrent	2,037	1,680	1,686	1,655	1,606
Other long-term liabilities	416	478	488	456	432
Commitments and Contingencies	—	—	—	—	—
Redeemable noncontrolling interests	924	1,126	860	670	552
Common stock, $0.01 par value; 450,000,000 shares authorized; 235,995,577 and 234,771,759 shares issued and 235,421,446 and 234,363,735 shares outstanding in 2025 and 2024, respectively	2	2	2	2	2
Additional paid-in capital	1,456	2,060	2,368	2,698	2,898
Accumulated deficit	−1,042	−1,547	−2,443	−2,971	−3,328
Cost of shares held in treasury	−30	−7	−7	−7	−7
Accumulated other comprehensive loss	−115	−335	27	−90	−153
Total Live Nation stockholders' equity	271	173	−52	−368	−583
Noncontrolling interests	623	646	604	461	394
Total equity	894	819	552	65	−193
Total liabilities and equity	22,913	19,639	19,030	16,461	14,402

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	374	300	267	226	223
Amortization of definite-lived intangibles	265	250	250	—	—
Amortization of non-recoupable ticketing contract advances	88	89	84	79	74
Deferred income taxes	−21	−709	−44	7	−10
Amortization of debt issuance costs and discounts	20	18	17	16	37
Provision for uncollectible accounts receivable	31	1	78	69	−18
Loss on extinguishment of debt	−780,000	−3	−19	0	0
Stock-based compensation expense	155	110	116	110	209
Unrealized changes in fair value of contingent consideration	91	−22	40	57	−7
Equity in losses of nonconsolidated affiliates, net of distributions	23	32	31	15	11
Gain on mark-to-market of investments in nonconsolidated affiliates and crypto assets	12	103	48	—	—
Gain on sale of operating and fixed assets	−21	−8	−3	—	—
Other, net	−3	−19	−10	4	114,000
Decrease (increase) in accounts receivable	−148	181	−526	−445	−485
Increase in prepaid expenses and other assets	−343	−22	−203	−268	96
Increase (decrease) in accrued expenses, accounts payable and other liabilities	−138	14	450	1,028	1,316
Increase in deferred revenue	342	478	141	360	848
Net cash provided by operating activities	1,395	1,725	1,363	1,835	1,781
Advances of notes receivable	−78	−119	−182	−116	−29
Collections of notes receivable	23	52	17	21	24
Proceeds from Sales of Assets, Investing Activities	26	7	1	—	—
Investments made in nonconsolidated affiliates	−39	−46	−55	−91	−111
Purchases of property, plant and equipment	−1,062	−647	−439	−347	−153
Cash Paid for Acquisition of Right-of-Use Assets	21	20	0	—	—
Cash paid for acquisitions, net of cash acquired	−80	−98	−18	−257	−384
Purchases of intangible assets	−8	−9	−37	−6	−7
Cash derecognized from sale of investments in nonconsolidated affiliates	−1	—	—	—	—
Proceeds (cash derecognized) from sale of investments in nonconsolidated affiliates	—	20	2	4	90
Other, net	13	5	14	9	2
Net cash used in investing activities	−1,226	−854	−696	−785	−567
Proceeds from debt, net of debt issuance costs	3,714	1,672	1,061	122	904
Payments of long-term debt including extinguishment costs	−2,049	−1,960	−731	−46	−110
Contributions from noncontrolling interests	35	3	20	15	22
Distributions to noncontrolling interests	−251	−246	−240	−101	−52
Purchases and sales of noncontrolling interest, net	−884	−70	−114	−48	−10
Payments for capped call transactions	0	0	−76	0	0
Proceeds from exercise of stock options	5	26	19	36	31
Taxes paid for net share settlement of equity awards	−127	−60	−9	−77	−46
Common stock repurchases	24	0	0	—	—
Payments for deferred and contingent consideration	−12	−24	−18	−44	−17
Other, net	−2	−715,000	−402,000	−484,000	106,000
Net cash provided by (used in) financing activities	407	−659	−87	−143	1,171
Effect of exchange rate changes on cash, cash equivalents and restricted cash	426	−345	39	−175	−44
Net increase (decrease) in cash, cash equivalents and restricted cash	1,001	−133	619	732	2,341
Interest, net of interest income	119	133	57	181	224
Income taxes, net of refunds	313	254	175	44	16

Filings

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Frequently asked questions

What is Live Nation Entertainment, Inc.'s CIK number?

Live Nation Entertainment, Inc.'s SEC CIK number is 0001335258 (1335258). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Live Nation Entertainment, Inc.'s SEC filings?

All of Live Nation Entertainment, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Live Nation Entertainment, Inc. last report earnings?

Live Nation Entertainment, Inc. (LYV) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001335258-26-000018). This is Live Nation Entertainment, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Live Nation Entertainment, Inc.'s most recent earnings 8-K?

Live Nation Entertainment, Inc.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001335258-26-000018. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Live Nation Entertainment, Inc.'s latest earnings 8-K →
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