Live Nation Entertainment (LYV) Financials

$136.78 -3.44 (-2.45%)

As of 10:57 AM Eastern

Annual Income Statements for Live Nation Entertainment

This table shows Live Nation Entertainment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	896	557	266	-651	-1,725	70	-18	-98	-47	-33
Consolidated Net Income / (Loss)	1,131	704	375	-609	-1,828	118	90	7.77	20	-16
Net Income / (Loss) Continuing Operations	1,131	704	375	-609	-1,828	118	90	7.77	20	-16
Total Pre-Tax Income	739	913	491	-611	-1,857	185	131	-9.38	48	6.35
Total Operating Income	825	1,085	722	-418	-1,653	325	273	91	195	131
Total Gross Profit	5,827	5,476	4,334	1,912	459	3,081	2,820	2,505	2,187	2,049
Total Revenue	23,156	22,726	16,681	6,268	1,861	11,548	10,788	9,687	7,826	7,246
Operating Revenue	23,156	22,726	16,681	6,268	1,861	11,548	10,788	9,687	7,826	7,246
Total Cost of Revenue	17,328	17,251	12,348	4,356	1,402	8,467	7,968	7,182	5,639	5,196
Operating Cost of Revenue	17,328	17,251	12,348	4,356	1,402	8,467	7,968	7,182	5,639	5,196
Total Operating Expenses	5,003	4,391	3,612	2,330	2,112	2,756	2,547	2,414	1,992	1,918
Selling, General & Admin Expense	4,464	3,888	3,194	1,915	1,626	2,314	2,150	2,043	1,674	1,520
Depreciation Expense	550	517	450	416	485	444	387	372	319	397
Other Special Charges / (Income)	-11	-14	-32	-1.21	0.50	-2.37	10	-0.97	0.12	0.85
Total Other Income / (Expense), net	-85	-172	-232	-193	-203	-140	-141	-101	-147	-125
Interest Expense	329	369	278	282	227	158	141	108	121	103
Interest & Investment Income	140	232	88	93	4.55	21	12	6.88	-15	5.03
Other Income / (Expense), net	104	-35	-41	-3.69	19	-3.20	-12	0.12	-11	-27
Income Tax Expense	-392	209	116	-2.48	-29	67	41	-17	28	22
Net Income / (Loss) Attributable to Noncontrolling Interest	235	147	108	42	-103	48	30	14	17	17
Basic Earnings per Share	$2.77	$1.35	$0.53	($3.09)	($8.12)	($0.02)	($0.09)	($0.48)	($0.23)	($0.33)
Weighted Average Basic Shares Outstanding	230.12M	228.63M	224.81M	217.19M	212.27M	210.08M	207.44M	204.92M	202.08M	200.97M
Diluted Earnings per Share	$2.74	$1.34	$0.52	($3.09)	($8.12)	($0.02)	($0.09)	($0.48)	($0.23)	($0.33)
Weighted Average Diluted Shares Outstanding	236.35M	230.98M	231.56M	217.19M	212.27M	210.08M	207.44M	204.92M	202.08M	200.97M
Weighted Average Basic & Diluted Shares Outstanding	233.40M	230.80M	231.59M	217.19M	212.27M	210.08M	207.44M	204.92M	202.08M	200.97M

This table shows Live Nation Entertainment's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	23	193	452	298	-47	-255	521	294	-3.17	-233	361
Consolidated Net Income / (Loss)	46	271	516	376	-32	-253	581	331	44	-202	397
Net Income / (Loss) Continuing Operations	46	271	516	376	-32	-253	581	331	44	-204	397
Total Pre-Tax Income	66	-306	586	456	3.20	-159	632	373	68	-172	439
Total Operating Income	115	-244	640	466	-37	-98	654	386	143	-130	506
Total Gross Profit	1,127	1,188	1,871	1,615	1,153	1,141	1,857	1,466	1,012	989	1,446
Total Revenue	3,382	5,682	7,651	6,023	3,800	5,814	8,155	5,631	3,127	4,291	6,154
Operating Revenue	3,382	5,682	7,651	6,023	3,800	5,814	8,155	5,631	3,127	4,291	6,154
Total Cost of Revenue	2,255	4,493	5,780	4,408	2,646	4,672	6,298	4,165	2,116	3,302	4,708
Operating Cost of Revenue	2,255	4,493	5,780	4,408	2,646	4,672	6,298	4,165	2,116	3,302	4,708
Total Operating Expenses	1,012	1,433	1,231	1,149	1,190	1,239	1,203	1,080	869	1,121	939
Selling, General & Admin Expense	865	1,296	1,098	1,012	1,058	1,111	1,074	950	753	987	873
Depreciation Expense	149	143	137	138	133	134	131	137	115	131	102
Other Special Charges / (Income)	-2.20	-5.62	-3.97	-0.78	-0.65	-5.84	-1.58	-7.01	0.50	0.47	-35
Total Other Income / (Expense), net	-49	-62	-54	-9.43	40	-62	-22	-13	-75	-42	-67
Interest Expense	80	80	88	80	81	111	86	82	89	73	71
Interest & Investment Income	35	24	22	50	43	42	83	62	44	50	12
Other Income / (Expense), net	-2.95	-6.19	12	21	77	7.33	-19	6.60	-30	-19	-7.96
Income Tax Expense	20	-578	70	80	35	94	50	42	24	30	42
Net Income / (Loss) Attributable to Noncontrolling Interest	23	78	64	78	15	1.96	60	38	47	30	36
Basic Earnings per Share	($0.32)	$0.53	$1.72	$1.05	($0.53)	($1.45)	$2.01	$1.04	($0.25)	($1.24)	$1.47
Weighted Average Basic Shares Outstanding	231.22M	230.12M	230.37M	229.92M	229.47M	228.63M	228.79M	228.54M	228.16M	224.81M	225.76M
Diluted Earnings per Share	($0.32)	$0.58	$1.66	$1.03	($0.53)	($1.36)	$1.93	$1.02	($0.25)	($1.14)	$1.39
Weighted Average Diluted Shares Outstanding	231.22M	236.35M	245.32M	245.00M	229.47M	230.98M	244.16M	243.66M	228.16M	231.56M	243.69M
Weighted Average Basic & Diluted Shares Outstanding	234.09M	233.40M	232.35M	232.11M	231.44M	230.80M	230.33M	230.15M	229.89M	231.59M	230.88M

This table details how cash moves in and out of Live Nation Entertainment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-133	619	732	2,341	72	96	549	299	225	-79
Net Cash From Operating Activities	1,725	1,363	1,835	1,781	-1,083	470	942	624	599	308
Net Cash From Continuing Operating Activities	1,725	1,363	1,835	1,781	-1,083	470	942	624	599	308
Net Income / (Loss) Continuing Operations	1,131	704	375	-609	-1,828	118	90	7.77	20	-16
Consolidated Net Income / (Loss)	1,131	704	375	-609	-1,828	118	90	7.77	20	-16
Depreciation Expense	300	267	226	223	246	220	185	150	139	134
Amortization Expense	356	351	95	305	320	328	100	97	277	274
Non-Cash Adjustments To Reconcile Net Income	-4.92	223	457	97	137	92	305	312	87	59
Changes in Operating Assets and Liabilities, net	-57	-181	683	1,764	42	-288	260	58	76	-143
Net Cash From Investing Activities	-854	-696	-785	-567	-224	-691	-497	-328	-426	-291
Net Cash From Continuing Investing Activities	-854	-696	-785	-567	-224	-691	-497	-328	-426	-291
Purchase of Property, Plant & Equipment	-667	-439	-347	-153	-214	-324	-240	-238	-174	-142
Acquisitions	-153	-109	-354	-502	-61	-335	-202	-84	-247	-124
Sale and/or Maturity of Investments	72	19	24	114	100	15	34	9.66	8.05	-
Other Investing Activities, net	-107	-167	-107	-27	-49	-47	-89	-15	-14	-24
Net Cash From Financing Activities	-659	-87	-143	1,171	1,350	329	189	-127	99	-44
Net Cash From Continuing Financing Activities	-659	-87	-143	1,171	1,350	329	189	-127	99	-44
Repayment of Debt	-1,960	-731	-46	-110	-31	-437	-405	-111	-617	-71
Payment of Dividends	-269	-257	-145	-70	-109	-134	-78	-62	-76	-37
Issuance of Debt	1,672	1,061	122	904	1,607	937	859	61	844	57
Issuance of Common Equity	3.00	20	15	472	5.42	14	4.90	11	0.09	0.71
Other Financing Activities, net	-104	-179	-89	-25	-123	-52	-192	-26	-53	6.53
Effect of Exchange Rate Changes	-345	-	-	-44	-	-12	-	-	-	-52
Cash Interest Paid	131	57	181	224	166	104	100	87	97	93
Cash Income Taxes Paid	254	175	44	16	26	67	60	45	30	44

This table details how cash moves in and out of Live Nation Entertainment's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	1,062	605	-909	-100	270	284	-1,189	139	1,385	664	-910
Net Cash From Operating Activities	1,321	1,045	-721	412	989	608	-892	491	1,156	907	-619
Net Cash From Continuing Operating Activities	1,321	1,045	-721	412	989	608	-892	491	1,156	907	-619
Net Income / (Loss) Continuing Operations	46	282	505	376	-32	-225	554	331	44	-202	397
Consolidated Net Income / (Loss)	46	282	505	376	-32	-225	554	331	44	-202	397
Depreciation Expense	89	78	76	76	71	73	66	70	58	63	49
Amortization Expense	88	96	84	87	90	279	-102	92	82	-129	73
Non-Cash Adjustments To Reconcile Net Income	36	24	56	-34	-51	-96	223	24	72	285	46
Changes in Operating Assets and Liabilities, net	1,061	565	-1,441	-93	912	578	-1,632	-27	900	889	-1,184
Net Cash From Investing Activities	-217	-211	-208	-264	-171	-232	-165	-239	-60	-425	-115
Net Cash From Continuing Investing Activities	-217	-211	-208	-264	-171	-232	-165	-239	-60	-425	-115
Purchase of Property, Plant & Equipment	-171	-175	-158	-200	-134	-134	-102	-86	-117	-141	-76
Acquisitions	-56	-60	-39	-40	-14	-56	-61	-82	90	-236	-26
Sale and/or Maturity of Investments	9.38	49	1.50	19	2.64	9.03	1.26	5.46	2.83	7.92	5.40
Other Investing Activities, net	0.06	-26	-13	-43	-25	-51	-2.80	-77	-36	-56	-18
Net Cash From Financing Activities	-173	34	-49	-165	-478	-132	-29	-152	226	32	-38
Net Cash From Continuing Financing Activities	-173	34	-49	-165	-478	-132	-29	-152	226	32	-38
Repayment of Debt	-87	-1,576	-6.74	-4.01	-374	-106	-12	-7.26	-606	-16	-6.28
Payment of Dividends	-35	-48	-29	-120	-73	-90	-20	-90	-58	-18	-38
Issuance of Debt	11	1,670	1.15	0.32	0.56	73	1.54	-1.03	988	117	1.74
Issuance of Common Equity	4.61	-	2.97	-	0.03	4.11	0.77	8.77	5.94	0.68	0.89
Other Financing Activities, net	-67	-12	-18	-41	-32	-14	1.23	-63	-104	-51	4.46
Effect of Exchange Rate Changes	131	-262	-	-	-69	-	-	-	-	-	-

This table presents Live Nation Entertainment's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	19,639	19,030	16,461	14,402	10,589	10,976	8,497	7,504	6,764	6,156
Total Current Assets	9,290	9,533	8,160	6,684	3,650	4,193	3,848	3,153	2,674	2,288
Cash & Equivalents	6,095	6,232	5,606	4,885	2,538	2,470	2,372	1,825	1,527	1,303
Restricted Cash	11	7.09	5.92	3.06	8.65	3.88	6.66	3.50	-	-
Accounts Receivable	1,747	2,025	1,465	1,067	487	995	829	725	569	453
Prepaid Expenses	1,247	1,148	950	655	577	667	598	547	528	496
Other Current Assets	190	122	132	75	39	57	43	52	50	36
Plant, Property, & Equipment, net	2,442	2,101	1,488	1,092	1,101	1,118	947	886	752	731
Total Noncurrent Assets	7,907	7,395	6,814	6,626	5,838	5,665	3,702	3,466	3,339	3,137
Goodwill	2,621	2,691	2,529	2,591	2,129	1,998	1,823	1,755	1,747	1,604
Intangible Assets	1,366	1,539	1,419	1,395	1,225	1,239	1,030	1,098	1,181	1,147
Other Noncurrent Operating Assets	3,919	3,164	2,865	2,640	2,484	2,427	849	613	411	385
Total Liabilities & Shareholders' Equity	19,639	19,030	16,461	14,402	10,589	10,976	8,497	7,504	6,764	6,156
Total Liabilities	17,834	17,618	15,697	14,039	10,451	9,062	6,825	5,841	5,068	4,446
Total Current Liabilities	9,358	9,984	8,303	6,856	3,797	4,108	3,750	3,577	2,460	2,101
Short-Term Debt	261	1,134	620	585	53	38	82	348	53	42
Accounts Payable	2,103	2,134	1,971	1,643	830	1,106	1,127	1,034	782	722
Accrued Expenses	3,057	3,031	2,368	1,646	894	1,391	1,245	1,109	781	687
Current Deferred Revenue	3,721	3,398	3,135	2,775	1,839	1,391	1,228	925	805	619
Other Current Liabilities	216	287	209	207	179	181	67	161	39	32
Total Noncurrent Liabilities	8,475	7,633	7,394	7,183	6,654	4,955	3,075	2,264	2,607	2,344
Long-Term Debt	6,177	5,459	5,283	5,145	4,855	3,271	2,733	1,952	2,260	2,003
Noncurrent Deferred & Payable Income Tax Liabilities	140	-	-	-	-	178	137	138	198	199
Other Noncurrent Operating Liabilities	2,158	2,174	2,110	2,038	1,799	1,505	205	174	150	142
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	1,126	860	670	552	272	449	329	245	347	264
Total Equity & Noncontrolling Interests	819	552	94	-188	-134	1,464	1,343	1,418	1,350	1,447
Total Preferred & Common Equity	173	-52	-368	-583	-472	1,146	1,099	1,181	1,126	1,237
Preferred Stock	0.00	-	-	-	-	-	-	-	-	-
Total Common Equity	173	-52	-368	-583	-472	1,146	1,099	1,181	1,126	1,237
Common Stock	2,062	2,370	2,701	2,900	2,389	2,248	2,270	2,376	2,383	2,431
Retained Earnings	-1,547	-2,443	-2,971	-3,328	-2,677	-949	-1,019	-1,079	-1,073	-1,075
Treasury Stock	-6.87	-6.87	-6.87	-6.87	-6.87	-6.87	-6.87	-6.87	-6.87	-6.87
Accumulated Other Comprehensive Income / (Loss)	-335	27	-90	-148	-177	-146	-145	-109	-177	-112
Noncontrolling Interest	646	604	461	394	338	318	244	237	224	210

This table presents Live Nation Entertainment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	21,827	19,639	19,747	20,454	20,030	19,030	19,141	19,925	18,870	16,461	15,787
Total Current Assets	11,069	9,290	9,775	10,684	10,428	9,533	10,007	10,777	10,097	8,160	7,927
Cash & Equivalents	7,159	6,095	5,490	6,399	6,502	6,232	5,949	7,129	6,992	5,606	4,951
Restricted Cash	9.57	11	11	11	7.64	7.09	6.85	7.77	5.47	5.92	5.03
Accounts Receivable	1,851	1,747	2,694	2,464	2,280	2,025	2,503	1,890	1,657	1,465	1,990
Prepaid Expenses	1,725	1,247	1,446	1,672	1,474	1,148	1,425	1,629	1,323	950	909
Other Current Assets	325	190	134	139	164	122	124	122	119	132	73
Plant, Property, & Equipment, net	2,688	2,442	2,376	2,236	2,117	2,101	1,956	1,904	1,887	1,488	1,098
Total Noncurrent Assets	8,070	7,907	7,596	7,534	7,486	7,395	7,178	7,244	6,885	6,814	6,762
Goodwill	2,703	2,621	2,670	2,664	2,699	2,691	2,654	2,619	2,577	2,529	2,548
Intangible Assets	1,408	1,366	1,428	1,476	1,541	1,539	1,500	1,496	1,423	1,419	1,326
Other Noncurrent Operating Assets	3,959	3,919	3,498	3,395	3,246	3,164	3,024	3,128	2,885	2,865	2,887
Total Liabilities & Shareholders' Equity	21,827	19,639	19,747	20,454	20,030	19,030	19,141	19,925	18,870	16,461	15,787
Total Liabilities	19,718	17,834	17,793	18,896	18,577	17,618	17,440	18,800	18,080	15,697	14,789
Total Current Liabilities	11,518	9,358	9,681	11,627	11,328	9,984	8,752	10,024	9,374	8,303	7,634
Short-Term Debt	480	261	582	1,137	1,137	1,134	51	51	64	620	620
Accounts Payable	2,284	2,103	2,376	2,107	2,127	2,134	2,019	1,965	1,989	1,971	1,776
Accrued Expenses	2,446	3,057	3,454	3,359	2,766	3,031	3,315	2,779	2,002	2,368	2,764
Current Deferred Revenue	6,077	3,721	3,035	4,799	5,025	3,398	3,084	5,026	5,103	3,135	2,269
Other Current Liabilities	231	216	234	225	273	287	283	203	216	209	206
Total Noncurrent Liabilities	8,200	8,475	8,113	7,269	7,249	7,633	8,688	8,777	8,706	7,394	7,155
Long-Term Debt	5,929	6,177	5,673	5,081	5,082	5,459	6,546	6,555	6,548	5,283	5,120
Other Noncurrent Operating Liabilities	2,272	2,158	2,440	2,188	2,167	2,174	2,142	2,222	2,158	2,110	2,035
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	1,312	1,126	1,024	1,007	984	860	836	754	710	670	599
Total Equity & Noncontrolling Interests	798	819	930	551	469	552	865	371	79	94	399
Total Preferred & Common Equity	106	173	288	-43	-115	-52	222	-187	-461	-368	-75
Total Common Equity	106	173	288	-43	-115	-52	222	-187	-461	-368	-75
Common Stock	1,908	2,062	2,217	2,243	2,311	2,370	2,414	2,441	2,538	2,701	2,854
Retained Earnings	-1,515	-1,547	-1,748	-2,157	-2,455	-2,443	-2,197	-2,681	-2,974	-2,971	-2,768
Treasury Stock	-6.87	-6.87	-6.87	-6.87	-6.87	-6.87	-6.87	-6.87	-6.87	-6.87	-6.87
Accumulated Other Comprehensive Income / (Loss)	-281	-335	-175	-123	36	27	12	59	-17	-90	-154
Noncontrolling Interest	692	646	642	594	584	604	643	559	540	461	473

This table displays calculated financial ratios and metrics derived from Live Nation Entertainment's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.89%	36.24%	166.11%	236.80%	-83.88%	7.05%	11.36%	23.78%	8.01%	5.52%
EBITDA Growth	-4.93%	66.36%	841.86%	109.96%	-222.82%	59.33%	61.72%	-43.76%	17.18%	33.74%
EBIT Growth	-11.55%	54.18%	261.50%	74.21%	-608.14%	23.53%	184.52%	-50.29%	76.68%	9,642.49%
NOPAT Growth	50.86%	51.64%	288.50%	74.72%	-657.83%	10.47%	193.53%	-21.86%	125.11%	-6,602.41%
Net Income Growth	60.72%	87.89%	161.53%	66.69%	-1,646.20%	30.85%	1,062.08%	-61.70%	228.71%	84.90%
EPS Growth	104.48%	157.69%	116.83%	61.95%	-40,500.00%	77.78%	81.25%	-108.70%	30.30%	32.65%
Operating Cash Flow Growth	26.57%	-25.73%	3.06%	264.35%	-330.61%	-50.11%	51.01%	4.14%	94.49%	5.37%
Free Cash Flow Firm Growth	615.97%	-82.31%	-29.82%	210.13%	-110.64%	-302.88%	-48.46%	704.28%	111.05%	-212.80%
Invested Capital Growth	20.99%	67.48%	-12.58%	-51.76%	-9.01%	30.32%	-1.18%	-14.06%	1.24%	5.98%
Revenue Q/Q Growth	-0.66%	7.18%	10.52%	64.84%	-58.76%	2.55%	2.68%	12.18%	-5.64%	2.33%
EBITDA Q/Q Growth	-4.18%	16.55%	-19.66%	166.06%	-39.23%	34.28%	27.88%	-50.42%	-2.35%	41.77%
EBIT Q/Q Growth	-13.23%	4.35%	-5.87%	38.90%	-21.58%	3.52%	75.23%	-63.71%	0.18%	417.42%
NOPAT Q/Q Growth	80.33%	-8.74%	-11.77%	38.67%	-22.63%	0.89%	-36.58%	-62.61%	-25.83%	-3,005.97%
Net Income Q/Q Growth	77.55%	-10.83%	-9.60%	33.11%	-21.80%	-1.22%	74.59%	-91.22%	-48.53%	90.02%
EPS Q/Q Growth	230.12%	-20.24%	-27.78%	60.49%	0.00%	0.00%	76.32%	-1,300.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	33.09%	-17.81%	8.95%	98.23%	-108.33%	-34.66%	104.31%	-30.52%	35.37%	8.49%
Free Cash Flow Firm Q/Q Growth	166.85%	-64.98%	327.83%	-0.13%	-6.75%	-661.18%	642.42%	-16.47%	-15.37%	-51.03%
Invested Capital Q/Q Growth	-21.07%	-24.58%	-40.78%	-8.64%	-10.71%	-4.97%	-23.68%	-14.50%	-11.93%	-11.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.17%	24.09%	25.98%	30.51%	24.65%	26.68%	26.14%	25.86%	27.95%	28.28%
EBITDA Margin	6.84%	7.34%	6.01%	1.70%	-57.42%	7.53%	5.06%	3.49%	7.67%	7.07%
Operating Margin	3.56%	4.77%	4.33%	-6.67%	-88.83%	2.81%	2.53%	0.94%	2.49%	1.81%
EBIT Margin	4.01%	4.62%	4.08%	-6.73%	-87.81%	2.79%	2.41%	0.94%	2.35%	1.44%
Profit (Net Income) Margin	4.88%	3.10%	2.25%	-9.71%	-98.21%	1.02%	0.84%	0.08%	0.26%	-0.22%
Tax Burden Percent	152.97%	77.06%	76.36%	99.59%	98.44%	63.86%	68.91%	-82.88%	42.00%	-248.21%
Interest Burden Percent	79.65%	87.01%	72.05%	145.00%	113.60%	57.55%	50.35%	-10.25%	26.25%	6.10%
Effective Tax Rate	-52.97%	22.94%	23.64%	0.00%	0.00%	36.14%	31.09%	0.00%	58.00%	348.21%
Return on Invested Capital (ROIC)	64.62%	59.27%	48.77%	-15.78%	-44.09%	8.54%	8.85%	2.77%	3.32%	-13.68%
ROIC Less NNEP Spread (ROIC-NNEP)	16.97%	18.29%	17.59%	-35.52%	-86.04%	-5.49%	-12.61%	-6.17%	-4.74%	30.55%
Return on Net Nonoperating Assets (RNNOA)	2.76%	5.43%	17.70%	-226.68%	-134.04%	-1.95%	-3.43%	-2.31%	-2.13%	12.74%
Return on Equity (ROE)	67.38%	64.70%	66.47%	-242.47%	-178.13%	6.59%	5.42%	0.46%	1.19%	-0.94%
Cash Return on Invested Capital (CROIC)	45.63%	8.82%	62.19%	54.05%	-34.66%	-17.78%	10.04%	17.89%	2.08%	-19.49%
Operating Return on Assets (OROA)	4.80%	5.92%	4.41%	-3.37%	-15.16%	3.30%	3.25%	1.28%	2.85%	1.72%
Return on Assets (ROA)	5.85%	3.97%	2.43%	-4.87%	-16.95%	1.21%	1.13%	0.11%	0.31%	-0.26%
Return on Common Equity (ROCE)	2.43%	-12.49%	-56.04%	509.12%	-58.51%	4.13%	3.70%	0.32%	0.83%	-0.71%
Return on Equity Simple (ROE_SIMPLE)	652.84%	-1,345.57%	-101.91%	104.49%	387.43%	10.32%	8.22%	0.66%	1.80%	-1.27%
Net Operating Profit after Tax (NOPAT)	1,261	836	551	-293	-1,157	207	188	64	82	-326
NOPAT Margin	5.45%	3.68%	3.31%	-4.67%	-62.18%	1.80%	1.74%	0.66%	1.05%	-4.50%
Net Nonoperating Expense Percent (NNEP)	47.65%	40.98%	31.18%	19.74%	41.95%	14.04%	21.47%	8.94%	8.06%	-44.23%
Return On Investment Capital (ROIC_SIMPLE)	17.38%	11.70%	9.19%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	74.83%	75.91%	74.02%	69.49%	75.35%	73.32%	73.86%	74.14%	72.05%	71.72%
SG&A Expenses to Revenue	19.28%	17.11%	19.15%	30.55%	87.39%	20.04%	19.93%	21.09%	21.38%	20.98%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.61%	19.32%	21.65%	37.18%	113.47%	23.87%	23.61%	24.92%	25.46%	26.47%
Earnings before Interest and Taxes (EBIT)	928	1,050	681	-422	-1,634	322	260	92	184	104
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,585	1,667	1,002	106	-1,069	870	546	338	600	512
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	173.67	0.00	0.00	0.00	0.00	13.33	9.39	7.45	4.81	4.02
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.30	0.95	0.97	4.29	8.57	1.32	0.96	0.91	0.69	0.69
Price to Earnings (P/E)	33.57	38.71	60.43	0.00	0.00	218.55	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.98%	2.58%	1.65%	0.00%	0.00%	0.46%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	15.06	13.23	16.62	23.77	7.57	6.14	5.37	4.57	2.73	2.52
Enterprise Value to Revenue (EV/Rev)	1.39	1.03	1.05	4.58	10.17	1.46	1.05	1.01	0.86	0.85
Enterprise Value to EBITDA (EV/EBITDA)	20.31	14.02	17.49	269.55	0.00	19.40	20.75	28.89	11.27	12.08
Enterprise Value to EBIT (EV/EBIT)	34.68	22.27	25.74	0.00	0.00	52.47	43.51	106.61	36.76	59.38
Enterprise Value to NOPAT (EV/NOPAT)	25.52	27.96	31.78	0.00	0.00	81.35	60.33	152.49	82.67	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	18.66	17.15	9.55	16.11	0.00	35.92	12.03	15.65	11.30	20.10
Enterprise Value to Free Cash Flow (EV/FCFF)	36.15	187.94	24.92	28.63	0.00	0.00	53.22	23.62	131.80	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.31	4.67	7.73	15.77	35.39	1.73	1.68	1.38	1.36	1.20
Long-Term Debt to Equity	3.18	3.87	6.92	14.16	35.01	1.71	1.63	1.17	1.33	1.17
Financial Leverage	0.16	0.30	1.01	6.38	1.56	0.35	0.27	0.37	0.45	0.42
Leverage Ratio	11.52	16.31	27.38	49.77	10.51	5.43	4.80	4.25	3.79	3.60
Compound Leverage Factor	9.17	14.19	19.73	72.17	11.94	3.13	2.42	-0.44	1.00	0.22
Debt to Total Capital	76.80%	82.36%	88.55%	94.04%	97.25%	63.36%	62.74%	58.04%	57.69%	54.45%
Short-Term Debt to Total Capital	3.11%	14.17%	9.30%	9.60%	1.06%	0.72%	1.83%	8.77%	1.33%	1.13%
Long-Term Debt to Total Capital	73.68%	68.19%	79.25%	84.43%	96.19%	62.64%	60.91%	49.27%	56.36%	53.32%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	21.14%	18.29%	16.97%	15.52%	12.10%	14.70%	12.77%	12.15%	14.23%	12.61%
Common Equity to Total Capital	2.07%	-0.65%	-5.51%	-9.56%	-9.35%	21.94%	24.49%	29.81%	28.08%	32.94%
Debt to EBITDA	4.06	3.96	5.89	53.86	-4.59	3.80	5.16	6.81	3.85	3.99
Net Debt to EBITDA	0.21	0.21	0.29	7.92	-2.21	0.96	0.80	1.40	1.31	1.45
Long-Term Debt to EBITDA	3.90	3.27	5.27	48.36	-4.54	3.76	5.00	5.78	3.76	3.91
Debt to NOPAT	5.10	7.89	10.71	-19.59	-4.24	15.95	14.99	35.95	28.25	-6.27
Net Debt to NOPAT	0.26	0.42	0.53	-2.88	-2.04	4.02	2.33	7.36	9.61	-2.28
Long-Term Debt to NOPAT	4.90	6.53	9.58	-17.59	-4.20	15.77	14.55	30.52	27.60	-6.14
Altman Z-Score	2.23	1.90	1.50	1.15	0.21	2.05	2.12	1.97	1.70	1.70
Noncontrolling Interest Sharing Ratio	96.40%	119.30%	184.31%	309.98%	67.15%	37.39%	31.63%	31.32%	30.65%	24.66%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.99	0.95	0.98	0.98	0.96	1.02	1.03	0.88	1.09	1.09
Quick Ratio	0.84	0.83	0.85	0.87	0.80	0.84	0.85	0.71	0.85	0.84
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	891	124	703	1,002	-910	-432	213	413	51	-465
Operating Cash Flow to CapEx	258.79%	310.75%	528.52%	1,165.80%	-506.86%	145.19%	392.60%	261.51%	344.45%	216.05%
Free Cash Flow to Firm to Interest Expense	2.71	0.34	2.52	3.55	-4.01	-2.74	1.51	3.83	0.43	-4.52
Operating Cash Flow to Interest Expense	5.25	3.70	6.59	6.30	-4.78	2.98	6.68	5.79	4.97	2.99
Operating Cash Flow Less CapEx to Interest Expense	3.22	2.51	5.34	5.76	-5.72	0.93	4.98	3.57	3.52	1.61
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.20	1.28	1.08	0.50	0.17	1.19	1.35	1.36	1.21	1.20
Accounts Receivable Turnover	12.28	13.02	13.18	8.07	2.51	12.66	13.88	14.97	15.32	16.62
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	10.19	12.66	12.93	5.72	1.68	11.19	11.77	11.83	10.56	10.16
Accounts Payable Turnover	8.18	8.40	6.83	3.52	1.45	7.58	7.37	7.91	7.50	7.15
Days Sales Outstanding (DSO)	29.73	28.03	27.70	45.22	145.25	28.82	26.30	24.38	23.82	21.96
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	44.62	43.43	53.42	103.63	252.01	48.14	49.51	46.14	48.64	51.06
Cash Conversion Cycle (CCC)	-14.90	-15.41	-25.72	-58.40	-106.76	-19.32	-23.21	-21.76	-24.82	-29.10
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,137	1,766	1,055	1,206	2,501	2,748	2,109	2,134	2,483	2,453
Invested Capital Turnover	11.86	16.11	14.76	3.38	0.71	4.76	5.09	4.20	3.17	3.04
Increase / (Decrease) in Invested Capital	371	712	-152	-1,294	-247	639	-25	-349	31	138
Enterprise Value (EV)	32,194	23,377	17,524	28,679	18,926	16,877	11,330	9,756	6,768	6,187
Market Capitalization	30,090	21,558	16,102	26,890	15,954	15,274	10,320	8,803	5,411	4,972
Book Value per Share	$0.75	($0.23)	($1.59)	($2.59)	($2.17)	$5.36	$5.24	$5.71	$5.54	$6.11
Tangible Book Value per Share	($16.41)	($18.59)	($18.69)	($20.34)	($17.62)	($9.79)	($8.37)	($8.08)	($8.86)	($7.48)
Total Capital	8,383	8,005	6,667	6,094	5,047	5,223	4,487	3,963	4,010	3,756
Total Debt	6,438	6,593	5,903	5,731	4,909	3,309	2,815	2,300	2,313	2,045
Total Long-Term Debt	6,177	5,459	5,283	5,145	4,855	3,271	2,733	1,952	2,260	2,003
Net Debt	332	354	291	843	2,362	835	437	471	786	742
Capital Expenditures (CapEx)	667	439	347	153	214	324	240	238	174	142
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-5,913	-5,556	-5,136	-4,474	-2,640	-2,351	-2,198	-1,905	-1,260	-1,074
Debt-free Net Working Capital (DFNWC)	193	683	476	414	-93	123	180	-77	267	229
Net Working Capital (NWC)	-68	-451	-144	-172	-147	85	98	-424	213	187
Net Nonoperating Expense (NNE)	130	132	177	316	671	89	97	56	62	-310
Net Nonoperating Obligations (NNO)	192	354	291	843	2,362	835	437	471	786	742
Total Depreciation and Amortization (D&A)	656	617	321	528	566	548	286	246	416	408
Debt-free, Cash-free Net Working Capital to Revenue	-25.54%	-24.45%	-30.79%	-71.38%	-141.84%	-20.36%	-20.37%	-19.67%	-16.10%	-14.82%
Debt-free Net Working Capital to Revenue	0.83%	3.01%	2.85%	6.60%	-5.02%	1.07%	1.67%	-0.79%	3.41%	3.17%
Net Working Capital to Revenue	-0.29%	-1.98%	-0.86%	-2.74%	-7.89%	0.74%	0.91%	-4.38%	2.72%	2.58%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.77	$1.38	$0.66	($3.09)	($8.12)	($0.02)	($0.09)	($0.48)	($0.23)	($0.33)
Adjusted Weighted Average Basic Shares Outstanding	230.12M	228.63M	224.81M	224.63M	218.05M	214.53M	210.90M	208.17M	204.76M	202.46M
Adjusted Diluted Earnings per Share	$2.74	$1.37	$0.64	($3.09)	($8.12)	($0.02)	($0.09)	($0.48)	($0.23)	($0.33)
Adjusted Weighted Average Diluted Shares Outstanding	236.35M	230.98M	231.56M	224.63M	218.05M	214.53M	210.90M	208.17M	204.76M	202.46M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	($3.09)	($8.12)	($0.02)	($0.09)	($0.48)	($0.23)	($0.33)
Adjusted Weighted Average Basic & Diluted Shares Outstanding	233.40M	230.80M	231.59M	217.19M	212.27M	210.08M	207.44M	204.92M	202.08M	200.97M
Normalized Net Operating Profit after Tax (NOPAT)	569	825	527	-293	-1,157	206	195	63	137	93
Normalized NOPAT Margin	2.46%	3.63%	3.16%	-4.68%	-62.16%	1.78%	1.81%	0.65%	1.74%	1.28%
Pre Tax Income Margin	3.19%	4.02%	2.94%	-9.75%	-99.76%	1.60%	1.22%	-0.10%	0.62%	0.09%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.83	2.85	2.44	-1.49	-7.21	2.04	1.85	0.85	1.53	1.01
NOPAT to Interest Expense	3.84	2.27	1.98	-1.04	-5.10	1.32	1.33	0.59	0.68	-3.17
EBIT Less CapEx to Interest Expense	0.80	1.66	1.20	-2.03	-8.15	-0.01	0.15	-1.36	0.09	-0.37
NOPAT Less CapEx to Interest Expense	1.81	1.08	0.73	-1.58	-6.04	-0.74	-0.37	-1.62	-0.76	-4.55
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	23.81%	36.57%	38.68%	-11.45%	-5.94%	113.37%	86.31%	796.49%	372.81%	-237.27%
Augmented Payout Ratio	23.81%	36.57%	38.68%	-11.45%	-5.94%	113.37%	86.31%	796.49%	372.81%	-237.27%

This table displays calculated financial ratios and metrics derived from Live Nation Entertainment's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-10.99%	-2.27%	-6.17%	6.97%	21.49%	35.49%	32.52%	26.98%	73.47%	58.73%	128.02%
EBITDA Growth	47.58%	-129.44%	35.62%	17.00%	-20.49%	221.67%	-3.58%	21.84%	79.73%	-798.32%	142.11%
EBIT Growth	213.53%	-176.68%	2.74%	23.82%	-64.06%	39.15%	27.32%	25.29%	538.85%	-39.92%	299.58%
NOPAT Growth	377.84%	-149.64%	-6.44%	11.88%	296.67%	24.70%	31.37%	22.78%	389.62%	-4.36%	258.61%
Net Income Growth	208.42%	207.22%	-11.31%	13.55%	-172.90%	-25.17%	46.30%	45.08%	190.27%	-24.48%	357.48%
EPS Growth	42.86%	142.65%	-13.99%	0.98%	-112.00%	-19.30%	38.85%	54.55%	35.90%	-21.28%	631.58%
Operating Cash Flow Growth	33.61%	71.80%	19.20%	-16.07%	-14.45%	-32.90%	-44.12%	40.63%	-3.54%	19.95%	-326.09%
Free Cash Flow Firm Growth	86.53%	30.56%	385.20%	-268.78%	-5,029.40%	-1,384.48%	1,672.61%	-69.88%	-99.58%	-94.97%	-100.16%
Invested Capital Growth	16.05%	20.99%	15.61%	129.88%	187.96%	67.48%	31.50%	23.54%	26.58%	-12.58%	34.88%
Revenue Q/Q Growth	-40.47%	-25.74%	27.02%	58.53%	-34.93%	-28.71%	44.82%	80.05%	-27.11%	-30.27%	38.78%
EBITDA Q/Q Growth	477.12%	-109.47%	24.90%	222.82%	224.78%	-56.37%	7.75%	119.38%	945.26%	-134.58%	36.14%
EBIT Q/Q Growth	144.63%	-138.44%	33.96%	1,099.99%	154.94%	-114.27%	61.44%	248.29%	184.00%	-129.86%	58.86%
NOPAT Q/Q Growth	147.07%	-130.39%	46.58%	4.38%	745.05%	-111.39%	75.29%	270.08%	210.51%	-119.87%	63.83%
Net Income Q/Q Growth	-82.94%	-47.37%	37.07%	1,267.79%	82.29%	-143.54%	75.47%	649.77%	126.36%	-150.89%	74.01%
EPS Q/Q Growth	-155.17%	-65.06%	61.17%	294.34%	55.08%	-170.47%	89.22%	508.00%	75.49%	-182.01%	110.61%
Operating Cash Flow Q/Q Growth	26.42%	244.97%	-274.94%	-58.33%	62.55%	168.18%	-281.72%	-57.52%	27.90%	246.46%	-277.32%
Free Cash Flow Firm Q/Q Growth	80.40%	-374.75%	150.80%	0.77%	53.31%	-2,019.90%	-82.33%	2,797.90%	-88.30%	2,450.56%	-100.34%
Invested Capital Q/Q Growth	-36.85%	-21.07%	98.14%	17.52%	-36.64%	-24.58%	293.96%	47.22%	-61.71%	-40.78%	270.12%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.33%	20.91%	24.45%	26.82%	30.35%	19.63%	22.77%	26.03%	32.35%	23.05%	23.49%
EBITDA Margin	8.57%	-1.35%	10.60%	10.78%	5.29%	4.49%	7.33%	9.86%	8.09%	-5.00%	10.08%
Operating Margin	3.39%	-4.30%	8.36%	7.73%	-0.96%	-1.68%	8.02%	6.86%	4.57%	-3.03%	8.23%
EBIT Margin	3.31%	-4.41%	8.52%	8.08%	1.07%	-1.56%	7.78%	6.98%	3.61%	-3.47%	8.10%
Profit (Net Income) Margin	1.37%	4.78%	6.74%	6.25%	-0.85%	-4.35%	7.13%	5.88%	1.41%	-4.71%	6.46%
Tax Burden Percent	70.14%	-88.68%	88.01%	82.44%	-1,007.73%	158.79%	92.04%	88.83%	64.96%	117.66%	90.46%
Interest Burden Percent	59.04%	122.18%	89.89%	93.80%	7.88%	176.07%	99.57%	94.91%	60.30%	115.52%	88.16%
Effective Tax Rate	29.86%	0.00%	11.99%	17.56%	1,107.73%	0.00%	7.96%	11.17%	35.04%	0.00%	9.54%
Return on Invested Capital (ROIC)	43.08%	-35.71%	67.92%	154.83%	289.50%	-18.99%	75.88%	217.63%	147.74%	-31.29%	72.44%
ROIC Less NNEP Spread (ROIC-NNEP)	49.60%	126.28%	61.16%	156.98%	407.95%	-76.19%	73.04%	221.29%	167.06%	-50.91%	66.01%
Return on Net Nonoperating Assets (RNNOA)	-14.62%	20.55%	23.35%	-42.24%	-122.91%	-22.61%	38.57%	-83.29%	-68.52%	-51.23%	102.06%
Return on Equity (ROE)	28.47%	-15.17%	91.27%	112.59%	166.59%	-41.60%	114.45%	134.33%	79.22%	-82.51%	174.49%
Cash Return on Invested Capital (CROIC)	103.15%	45.63%	13.22%	-2.89%	-7.12%	8.82%	17.23%	121.37%	169.48%	62.19%	10.60%
Operating Return on Assets (OROA)	3.59%	-5.28%	10.21%	9.53%	1.29%	-1.99%	9.45%	7.37%	3.73%	-3.75%	8.40%
Return on Assets (ROA)	1.49%	5.72%	8.08%	7.37%	-1.02%	-5.58%	8.66%	6.22%	1.46%	-5.10%	6.70%
Return on Common Equity (ROCE)	-0.07%	-0.55%	12.73%	-9.68%	-42.77%	8.03%	6.24%	-46.53%	-63.26%	69.57%	-68.67%
Return on Equity Simple (ROE_SIMPLE)	1,151.12%	0.00%	221.23%	-1,624.33%	-572.93%	0.00%	355.94%	-323.04%	-109.00%	0.00%	-555.73%
Net Operating Profit after Tax (NOPAT)	80	-171	563	384	368	-69	602	343	93	-91	458
NOPAT Margin	2.38%	-3.01%	7.36%	6.38%	9.68%	-1.18%	7.38%	6.10%	2.97%	-2.12%	7.44%
Net Nonoperating Expense Percent (NNEP)	-6.52%	-161.99%	6.76%	-2.15%	-118.45%	57.20%	2.84%	-3.66%	-19.32%	19.62%	6.43%
Return On Investment Capital (ROIC_SIMPLE)	1.12%	-2.36%	-	-	-	-0.96%	-	-	-	-1.52%	-
Cost of Revenue to Revenue	66.67%	79.09%	75.55%	73.18%	69.65%	80.37%	77.23%	73.97%	67.65%	76.95%	76.51%
SG&A Expenses to Revenue	25.58%	22.80%	14.36%	16.81%	27.84%	19.10%	13.17%	16.87%	24.09%	23.00%	14.18%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	29.93%	25.22%	16.09%	19.08%	31.31%	21.32%	14.75%	19.17%	27.79%	26.12%	15.27%
Earnings before Interest and Taxes (EBIT)	112	-251	652	487	41	-91	634	393	113	-149	498
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	290	-77	811	649	201	261	598	555	253	-214	620
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	287.54	173.67	88.25	0.00	0.00	0.00	86.19	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.34	1.30	1.09	0.91	1.04	0.95	0.90	1.09	0.90	0.97	1.16
Price to Earnings (P/E)	31.29	33.57	55.94	41.40	46.87	38.71	31.38	46.66	47.26	60.43	57.51
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.20%	2.98%	1.79%	2.42%	2.13%	2.58%	3.19%	2.14%	2.12%	1.65%	1.74%
Enterprise Value to Invested Capital (EV/IC)	23.51	15.06	10.28	16.91	22.05	13.23	9.07	36.55	42.29	16.62	10.86
Enterprise Value to Revenue (EV/Rev)	1.40	1.39	1.19	0.97	1.09	1.03	1.00	1.13	0.95	1.05	1.28
Enterprise Value to EBITDA (EV/EBITDA)	18.90	20.31	16.83	16.03	19.04	14.02	14.84	14.96	12.62	17.49	15.51
Enterprise Value to EBIT (EV/EBIT)	31.58	34.68	26.01	21.95	26.74	22.27	21.11	24.98	21.60	25.74	26.74
Enterprise Value to NOPAT (EV/NOPAT)	21.40	25.52	39.80	31.06	36.46	27.96	23.17	28.36	24.49	31.78	30.95
Enterprise Value to Operating Cash Flow (EV/OCF)	15.42	18.66	21.47	20.54	21.30	17.15	12.80	11.25	9.54	9.55	11.48
Enterprise Value to Free Cash Flow (EV/FCFF)	24.48	36.15	83.40	0.00	0.00	187.94	59.78	33.28	27.88	24.92	117.70
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.04	3.31	3.20	3.99	4.28	4.67	3.88	5.87	8.37	7.73	5.75
Long-Term Debt to Equity	2.81	3.18	2.90	3.26	3.50	3.87	3.85	5.83	8.29	6.92	5.13
Financial Leverage	-0.29	0.16	0.38	-0.27	-0.30	0.30	0.53	-0.38	-0.41	1.01	1.55
Leverage Ratio	11.75	11.52	10.64	15.05	17.35	16.31	12.94	21.07	28.46	27.38	23.90
Compound Leverage Factor	6.94	14.07	9.57	14.12	1.37	28.72	12.89	20.00	17.16	31.64	21.07
Debt to Total Capital	75.24%	76.80%	76.20%	79.96%	81.06%	82.36%	79.50%	85.45%	89.33%	88.55%	85.19%
Short-Term Debt to Total Capital	5.63%	3.11%	7.09%	14.63%	14.82%	14.17%	0.61%	0.67%	0.86%	9.30%	9.20%
Long-Term Debt to Total Capital	69.60%	73.68%	69.11%	65.34%	66.24%	68.19%	78.89%	84.78%	88.47%	79.25%	76.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	23.52%	21.14%	20.29%	20.59%	20.43%	18.29%	17.82%	16.97%	16.89%	16.97%	15.91%
Common Equity to Total Capital	1.24%	2.07%	3.51%	-0.56%	-1.50%	-0.65%	2.67%	-2.42%	-6.23%	-5.51%	-1.11%
Debt to EBITDA	3.82	4.06	3.78	4.32	4.62	3.96	4.61	4.55	4.89	5.89	4.60
Net Debt to EBITDA	-0.45	0.21	0.46	-0.13	-0.22	0.21	0.45	-0.37	-0.29	0.29	0.63
Long-Term Debt to EBITDA	3.53	3.90	3.43	3.53	3.77	3.27	4.58	4.51	4.84	5.27	4.11
Debt to NOPAT	4.32	5.10	8.94	8.36	8.84	7.89	7.20	8.62	9.48	10.71	9.19
Net Debt to NOPAT	-0.51	0.26	1.08	-0.26	-0.41	0.42	0.70	-0.69	-0.55	0.53	1.25
Long-Term Debt to NOPAT	4.00	4.90	8.11	6.83	7.23	6.53	7.15	8.56	9.39	9.58	8.19
Altman Z-Score	1.86	2.03	2.03	1.73	1.74	1.70	1.79	1.55	1.34	1.34	1.55
Noncontrolling Interest Sharing Ratio	100.25%	96.40%	86.05%	108.60%	125.67%	119.30%	94.55%	134.64%	179.86%	184.31%	139.36%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.96	0.99	1.01	0.92	0.92	0.95	1.14	1.08	1.08	0.98	1.04
Quick Ratio	0.78	0.84	0.85	0.76	0.78	0.83	0.97	0.90	0.92	0.85	0.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-106	-542	197	-388	-391	-780	41	230	7.93	61	-2.58
Operating Cash Flow to CapEx	773.61%	597.61%	-456.09%	206.42%	737.67%	454.94%	-871.73%	573.30%	988.87%	642.05%	-817.71%
Free Cash Flow to Firm to Interest Expense	-1.32	-6.78	2.24	-4.85	-4.85	-7.01	0.47	2.80	0.09	0.83	-0.04
Operating Cash Flow to Interest Expense	16.45	13.08	-8.20	5.15	12.26	5.46	-10.35	5.99	12.96	12.46	-8.78
Operating Cash Flow Less CapEx to Interest Expense	14.32	10.89	-9.99	2.66	10.59	4.26	-11.54	4.94	11.65	10.52	-9.85
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.09	1.20	1.20	1.18	1.20	1.28	1.21	1.06	1.03	1.08	1.04
Accounts Receivable Turnover	11.01	12.28	8.97	10.94	11.90	13.02	9.44	11.48	12.56	13.18	9.52
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	9.47	10.19	10.76	11.51	11.70	12.66	13.89	12.83	12.11	12.93	14.11
Accounts Payable Turnover	7.68	8.18	7.99	8.87	8.66	8.40	8.36	7.52	6.93	6.83	6.61
Days Sales Outstanding (DSO)	33.15	29.73	40.69	33.36	30.68	28.03	38.67	31.80	29.06	27.70	38.35
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	47.54	44.62	45.70	41.13	42.14	43.43	43.64	48.57	52.64	53.42	55.23
Cash Conversion Cycle (CCC)	-14.39	-14.90	-5.02	-7.77	-11.46	-15.41	-4.97	-16.77	-23.58	-25.72	-16.88
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,350	2,137	2,708	1,367	1,163	1,766	2,342	594	404	1,055	1,781
Invested Capital Turnover	18.10	11.86	9.23	24.29	29.90	16.11	10.29	35.70	49.82	14.76	9.73
Increase / (Decrease) in Invested Capital	187	371	366	772	759	712	561	113	85	-152	461
Enterprise Value (EV)	31,721	32,194	27,834	23,105	25,639	23,377	21,232	21,727	17,076	17,524	19,343
Market Capitalization	30,478	30,090	25,414	21,695	24,362	21,558	19,112	20,945	16,211	16,102	17,487
Book Value per Share	$0.45	$0.75	$1.24	($0.19)	($0.50)	($0.23)	$0.96	($0.82)	($1.99)	($1.59)	($0.32)
Tangible Book Value per Share	($17.16)	($16.41)	($16.42)	($18.07)	($18.98)	($18.59)	($17.08)	($18.72)	($19.26)	($18.69)	($17.17)
Total Capital	8,518	8,383	8,209	7,776	7,672	8,005	8,297	7,731	7,401	6,667	6,737
Total Debt	6,408	6,438	6,255	6,218	6,219	6,593	6,597	6,606	6,612	5,903	5,740
Total Long-Term Debt	5,929	6,177	5,673	5,081	5,082	5,459	6,546	6,555	6,548	5,283	5,120
Net Debt	-760	332	754	-191	-290	354	641	-530	-386	291	784
Capital Expenditures (CapEx)	171	175	158	200	134	134	102	86	117	141	76
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-7,137	-5,913	-4,824	-6,215	-6,273	-5,556	-4,650	-6,332	-6,211	-5,136	-4,044
Debt-free Net Working Capital (DFNWC)	31	193	677	194	237	683	1,306	805	787	476	912
Net Working Capital (NWC)	-448	-68	95	-943	-901	-451	1,255	753	723	-144	293
Net Nonoperating Expense (NNE)	34	-442	47	7.77	400	185	20	12	49	111	61
Net Nonoperating Obligations (NNO)	-760	192	754	-191	-290	354	641	-530	-386	291	784
Total Depreciation and Amortization (D&A)	178	174	159	163	161	351	-36	162	140	-66	122
Debt-free, Cash-free Net Working Capital to Revenue	-31.39%	-25.54%	-20.70%	-26.10%	-26.78%	-24.45%	-21.93%	-32.97%	-34.49%	-30.79%	-26.79%
Debt-free Net Working Capital to Revenue	0.14%	0.83%	2.90%	0.82%	1.01%	3.01%	6.16%	4.19%	4.37%	2.85%	6.04%
Net Working Capital to Revenue	-1.97%	-0.29%	0.41%	-3.96%	-3.85%	-1.98%	5.92%	3.92%	4.02%	-0.86%	1.94%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.32)	$0.53	$1.72	$1.05	($0.53)	($1.45)	$1.85	$1.04	($0.25)	($1.24)	$1.47
Adjusted Weighted Average Basic Shares Outstanding	231.22M	230.12M	230.37M	229.92M	229.47M	228.63M	228.79M	228.54M	228.16M	224.81M	225.76M
Adjusted Diluted Earnings per Share	($0.32)	$0.58	$1.66	$1.03	($0.53)	($1.36)	$1.78	$1.02	($0.25)	($1.14)	$1.39
Adjusted Weighted Average Diluted Shares Outstanding	231.22M	236.35M	245.32M	245.00M	229.47M	230.98M	244.16M	243.66M	0.00	231.56M	243.69M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	234.09M	233.40M	232.35M	232.11M	231.44M	230.80M	230.33M	230.15M	229.89M	231.59M	230.88M
Normalized Net Operating Profit after Tax (NOPAT)	79	-175	559	383	-26	-73	600	337	93	-91	426
Normalized NOPAT Margin	2.33%	-3.08%	7.31%	6.36%	-0.68%	-1.25%	7.36%	5.99%	2.98%	-2.11%	6.92%
Pre Tax Income Margin	1.95%	-5.39%	7.66%	7.58%	0.08%	-2.74%	7.75%	6.62%	2.18%	-4.01%	7.14%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.39	-3.13	7.41	6.08	0.50	-0.81	7.36	4.79	1.26	-2.05	7.07
NOPAT to Interest Expense	1.00	-2.14	6.40	4.80	4.56	-0.62	6.98	4.19	1.04	-1.25	6.49
EBIT Less CapEx to Interest Expense	-0.73	-5.32	5.61	3.59	-1.16	-2.01	6.17	3.75	-0.05	-3.99	5.99
NOPAT Less CapEx to Interest Expense	-1.12	-4.33	4.60	2.31	2.90	-1.82	5.79	3.14	-0.27	-3.19	5.42
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	18.99%	23.81%	48.87%	43.06%	41.41%	36.57%	23.48%	33.59%	31.82%	38.68%	38.19%
Augmented Payout Ratio	18.99%	23.81%	48.87%	43.06%	41.41%	36.57%	23.48%	33.59%	31.82%	38.68%	38.19%

Frequently Asked Questions About Live Nation Entertainment's Financials

When does Live Nation Entertainment's financial year end?

According to the most recent income statement we have on file, Live Nation Entertainment's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Live Nation Entertainment's net income changed over the last 9 years?

Live Nation Entertainment's net income appears to be on a downward trend, with a most recent value of $1.13 billion in 2024, falling from -$15.77 million in 2015. The previous period was $703.80 million in 2023. Find out what analysts predict for Live Nation Entertainment in the coming months.

What is Live Nation Entertainment's operating income?

Live Nation Entertainment's total operating income in 2024 was $824.51 million, based on the following breakdown:

Total Gross Profit: $5.83 billion
Total Operating Expenses: $5.00 billion

How has Live Nation Entertainment revenue changed over the last 9 years?

Over the last 9 years, Live Nation Entertainment's total revenue changed from $7.25 billion in 2015 to $23.16 billion in 2024, a change of 219.6%.

How much debt does Live Nation Entertainment have?

Live Nation Entertainment's total liabilities were at $17.83 billion at the end of 2024, a 1.2% increase from 2023, and a 301.2% increase since 2015.

How much cash does Live Nation Entertainment have?

In the past 9 years, Live Nation Entertainment's cash and equivalents has ranged from $1.30 billion in 2015 to $6.23 billion in 2023, and is currently $6.10 billion as of their latest financial filing in 2024.

How has Live Nation Entertainment's book value per share changed over the last 9 years?

Over the last 9 years, Live Nation Entertainment's book value per share changed from 6.11 in 2015 to 0.75 in 2024, a change of -87.8%.

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This page (NYSE:LYV) was last updated on 5/29/2025 by MarketBeat.com Staff

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Live Nation Entertainment (LYV) Financials

Frequently Asked Questions About Live Nation Entertainment's Financials

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Live Nation Entertainment (LYV) Financials

Annual Income Statements for Live Nation Entertainment

Quarterly Income Statements for Live Nation Entertainment

Annual Cash Flow Statements for Live Nation Entertainment

Quarterly Cash Flow Statements for Live Nation Entertainment

Annual Balance Sheets for Live Nation Entertainment

Quarterly Balance Sheets for Live Nation Entertainment

Annual Metrics And Ratios for Live Nation Entertainment

Quarterly Metrics And Ratios for Live Nation Entertainment

Frequently Asked Questions About Live Nation Entertainment's Financials

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