L

LIVE NATION ENTERTAINMENT, INC.

LYV · CIK 0001335258

17 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$25.20B8.8%
FY2025
Net income (FY)
$496.0M44.7%
FY2025
Free cash flow (FY)
$333.6M69.1%
FY2025
Diluted EPS (FY)
$-0.24108.8%
FY2025
The story, charted

The shape of the business

FY2009–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10B$20BFY2009 · Revenue $4.18B · Net income −$60.2M · 0001193125-12-075895 · filed 2012-02-24FY09Revenue $4.18BNet income −$60.2M0001193125-12-075895 · filed 2012-02-24FY2010 · Revenue $5.06B · Net income −$228.4M · 0001193125-13-077102 · filed 2013-02-26FY10Revenue $5.06BNet income −$228.4M0001193125-13-077102 · filed 2013-02-26FY2011 · Revenue $5.38B · Net income −$83.0M · 0001335258-14-000027 · filed 2014-02-24FY11Revenue $5.38BNet income −$83.0M0001335258-14-000027 · filed 2014-02-24FY2012 · Revenue $5.82B · Net income −$163.2M · 0001335258-15-000026 · filed 2015-02-26FY12Revenue $5.82BNet income −$163.2M0001335258-15-000026 · filed 2015-02-26FY2013 · Revenue $6.48B · Net income −$43.4M · 0001335258-16-000167 · filed 2016-02-25FY13Revenue $6.48BNet income −$43.4M0001335258-16-000167 · filed 2016-02-25FY2014 · Revenue $6.87B · Net income −$90.8M · 0001335258-17-000031 · filed 2017-02-23FY14Revenue $6.87BNet income −$90.8M0001335258-17-000031 · filed 2017-02-23FY2015 · Revenue $7.25B · Net income −$32.5M · 0001335258-18-000023 · filed 2018-02-27FY15Revenue $7.25BNet income −$32.5M0001335258-18-000023 · filed 2018-02-27FY2016 · Revenue $7.83B · Net income $2.9M · 0001335258-19-000024 · filed 2019-02-28FY16Revenue $7.83BNet income $2.9M0001335258-19-000024 · filed 2019-02-28FY2017 · Revenue $9.69B · Net income −$6.0M · 0001335258-20-000028 · filed 2020-02-27FY17Revenue $9.69BNet income −$6.0M0001335258-20-000028 · filed 2020-02-27FY2018 · Revenue $10.79B · Net income $60.2M · 0001335258-21-000009 · filed 2021-03-01FY18Revenue $10.79BNet income $60.2M0001335258-21-000009 · filed 2021-03-01FY2019 · Revenue $11.55B · Net income $69.9M · 0001335258-22-000019 · filed 2022-02-23FY19Revenue $11.55BNet income $69.9M0001335258-22-000019 · filed 2022-02-23FY2020 · Revenue $1.86B · Net income −$1.72B · 0001335258-23-000014 · filed 2023-02-23FY20Revenue $1.86BNet income −$1.72B0001335258-23-000014 · filed 2023-02-23FY2021 · Revenue $6.27B · Net income −$650.9M · 0001335258-24-000017 · filed 2024-02-22FY21Revenue $6.27BNet income −$650.9M0001335258-24-000017 · filed 2024-02-22FY2022 · Revenue $16.68B · Net income $266.4M · 0001335258-25-000028 · filed 2025-02-21FY22Revenue $16.68BNet income $266.4M0001335258-25-000028 · filed 2025-02-21FY2023 · Revenue $22.73B · Net income $556.9M · 0001335258-26-000009 · filed 2026-02-19FY23Revenue $22.73BNet income $556.9M0001335258-26-000009 · filed 2026-02-19FY2024 · Revenue $23.16B · Net income $896.3M · 0001335258-26-000009 · filed 2026-02-19FY24Revenue $23.16BNet income $896.3M0001335258-26-000009 · filed 2026-02-19FY2025 · Revenue $25.20B · Net income $496.0M · 0001335258-26-000009 · filed 2026-02-19FY25Revenue $25.20BNet income $496.0M0001335258-26-000009 · filed 2026-02-19FY25Revenue $25.20BNet income $496.0M0001335258-26-000009 · filed 2026-02-19FY09FY11FY13FY15FY17FY19FY21FY23FY25

revenue 6.0× since FY2009 · net margin -1.4% → 2.0%

MarginsNet marginFCF margin
-50%0%FY2009 · Net margin -1.4% · FCF margin -0.2%FY09Net margin -1.4%FCF margin -0.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin -4.5% · FCF margin 1.6%FY10Net margin -4.5%FCF margin 1.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin -1.5% · FCF margin 0.5%FY11Net margin -1.5%FCF margin 0.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin -2.8% · FCF margin 4.2%FY12Net margin -2.8%FCF margin 4.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin -0.7% · FCF margin 4.6%FY13Net margin -0.7%FCF margin 4.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin -1.3% · FCF margin 2.2%FY14Net margin -1.3%FCF margin 2.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin -0.4% · FCF margin 2.3%FY15Net margin -0.4%FCF margin 2.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 0.0% · FCF margin 5.4%FY16Net margin 0.0%FCF margin 5.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin -0.1% · FCF margin 4.0%FY17Net margin -0.1%FCF margin 4.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 0.6% · FCF margin 6.5%FY18Net margin 0.6%FCF margin 6.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 0.6% · FCF margin 1.3%FY19Net margin 0.6%FCF margin 1.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin -92.7% · FCF margin -69.7%FY20Net margin -92.7%FCF margin -69.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin -10.4% · FCF margin 26.0%FY21Net margin -10.4%FCF margin 26.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 1.6% · FCF margin 8.9%FY22Net margin 1.6%FCF margin 8.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 2.5% · FCF margin 4.1%FY23Net margin 2.5%FCF margin 4.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 3.9% · FCF margin 4.7%FY24Net margin 3.9%FCF margin 4.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 2.0% · FCF margin 1.3%FY25Net margin 2.0%FCF margin 1.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 2.0%FCF margin 1.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 2.0% · free cash flow 1.3% of revenue

Cash engineOperating cash flowFree cash flow
−$1B$0$1B$2BFY2009 · OCF $57.3M · FCF −$7.0M · 0001193125-12-075895 · filed 2012-02-24FY09OCF $57.3MFCF −$7.0M0001193125-12-075895 · filed 2012-02-24FY2010 · OCF $158.5M · FCF $82.9M · 0001193125-13-077102 · filed 2013-02-26FY10OCF $158.5MFCF $82.9M0001193125-13-077102 · filed 2013-02-26FY2011 · OCF $135.7M · FCF $28.2M · 0001335258-14-000027 · filed 2014-02-24FY11OCF $135.7MFCF $28.2M0001335258-14-000027 · filed 2014-02-24FY2012 · OCF $367.1M · FCF $243.3M · 0001335258-15-000026 · filed 2015-02-26FY12OCF $367.1MFCF $243.3M0001335258-15-000026 · filed 2015-02-26FY2013 · OCF $431.4M · FCF $296.5M · 0001335258-16-000167 · filed 2016-02-25FY13OCF $431.4MFCF $296.5M0001335258-16-000167 · filed 2016-02-25FY2014 · OCF $292.2M · FCF $152.6M · 0001335258-17-000031 · filed 2017-02-23FY14OCF $292.2MFCF $152.6M0001335258-17-000031 · filed 2017-02-23FY2015 · OCF $307.9M · FCF $165.4M · 0001335258-18-000023 · filed 2018-02-27FY15OCF $307.9MFCF $165.4M0001335258-18-000023 · filed 2018-02-27FY2016 · OCF $598.7M · FCF $424.9M · 0001335258-19-000024 · filed 2019-02-28FY16OCF $598.7MFCF $424.9M0001335258-19-000024 · filed 2019-02-28FY2017 · OCF $623.5M · FCF $385.1M · 0001335258-20-000028 · filed 2020-02-27FY17OCF $623.5MFCF $385.1M0001335258-20-000028 · filed 2020-02-27FY2018 · OCF $941.6M · FCF $701.8M · 0001335258-21-000009 · filed 2021-03-01FY18OCF $941.6MFCF $701.8M0001335258-21-000009 · filed 2021-03-01FY2019 · OCF $469.8M · FCF $146.2M · 0001335258-22-000019 · filed 2022-02-23FY19OCF $469.8MFCF $146.2M0001335258-22-000019 · filed 2022-02-23FY2020 · OCF −$1.08B · FCF −$1.30B · 0001335258-23-000014 · filed 2023-02-23FY20OCF −$1.08BFCF −$1.30B0001335258-23-000014 · filed 2023-02-23FY2021 · OCF $1.78B · FCF $1.63B · 0001335258-24-000017 · filed 2024-02-22FY21OCF $1.78BFCF $1.63B0001335258-24-000017 · filed 2024-02-22FY2022 · OCF $1.84B · FCF $1.49B · 0001335258-25-000028 · filed 2025-02-21FY22OCF $1.84BFCF $1.49B0001335258-25-000028 · filed 2025-02-21FY2023 · OCF $1.36B · FCF $924.4M · 0001335258-26-000009 · filed 2026-02-19FY23OCF $1.36BFCF $924.4M0001335258-26-000009 · filed 2026-02-19FY2024 · OCF $1.73B · FCF $1.08B · 0001335258-26-000009 · filed 2026-02-19FY24OCF $1.73BFCF $1.08B0001335258-26-000009 · filed 2026-02-19FY2025 · OCF $1.40B · FCF $333.6M · 0001335258-26-000009 · filed 2026-02-19FY25OCF $1.40BFCF $333.6M0001335258-26-000009 · filed 2026-02-19FY25OCF $1.40BFCF $333.6M0001335258-26-000009 · filed 2026-02-19’09’13’17’21’25

FY2025: $1.40B operating cash − $1.06B capex = $333.6M free cash flow

Returns on capitalReturn on equityReturn on assets
-1000%-500%0%500%FY2010 · ROE -16.7% · ROA -4.4%FY10ROE -16.7%ROA -4.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE -5.7% · ROA -1.6%FY11ROE -5.7%ROA -1.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE -12.0% · ROA -3.1%FY12ROE -12.0%ROA -3.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE -3.1% · ROA -0.8%FY13ROE -3.1%ROA -0.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE -7.0% · ROA -1.5%FY14ROE -7.0%ROA -1.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE -2.6% · ROA -0.5%FY15ROE -2.6%ROA -0.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 0.3% · ROA 0.0%FY16ROE 0.3%ROA 0.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE -0.5% · ROA -0.1%FY17ROE -0.5%ROA -0.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 5.5% · ROA 0.7%FY18ROE 5.5%ROA 0.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 6.1% · ROA 0.6%FY19ROE 6.1%ROA 0.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 365.5% · ROA -16.3%FY20ROE 365.5%ROA -16.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 111.7% · ROA -4.5%FY21ROE 111.7%ROA -4.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE -72.5% · ROA 1.6%FY22ROE -72.5%ROA 1.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE -1064.7% · ROA 2.9%FY23ROE -1064.7%ROA 2.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 517.3% · ROA 4.6%FY24ROE 517.3%ROA 4.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 183.0% · ROA 2.2%FY25ROE 183.0%ROA 2.2%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 183.0%ROA 2.2%derived: net income ÷ equity · derived: net income ÷ assets’13’17’21’25

return on equity -17% (FY2010) → 183% (FY2025) · on assets 2.2%

The receipts