Live Nation Entertainment

LYV

Entertainment · Communication Services

Also trades as: 0JVD.L

Price

$181.82

-0.20 (-0.11%)

Market Cap

$42.31B

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Good

Growth

Mixed

Cash Flow

Strong

Stability

Mixed

Valuation

Data not available

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Share count rising — dilution

+6.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 217.2M (2021) → 231.8M (2025)

Winston Score History

The full picture

Live Nation Entertainment is the world's largest live entertainment company. It promotes and organizes concerts and music festivals, owns and operates venues like the House of Blues, and runs Ticketmaster, the dominant ticket-selling platform in the United States. Its customers are music fans, artists, and sports teams who need ticketing services.

Live Nation makes money in three main ways: selling tickets through Ticketmaster, charging fees to promote concerts, and collecting revenue from sponsorships and advertising at its venues. The company operates globally, with a strong presence in North America and Europe, and its control of both venues and ticketing creates a powerful, hard-to-replicate business network. However, Live Nation faces real regulatory risk — the U.S. Department of Justice filed an antitrust lawsuit in 2024 seeking to break up the company, arguing its combined control of venues, promotion, and ticketing harms competition. That legal battle is the single biggest uncertainty hanging over the business right now.

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Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+9.4% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+158.5% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (12%)

Research and development spending

Insider Activity

32.6%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$9.1B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Live Nation Entertainment is growing revenue at 9% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

0.0%

Thin — 0.0% gross margin

Profit after running costs

Operating Margin

6.8%

Modest — 6.8% operating margin

Return on the money invested

ROCE

27.9%

Exceptional — 27.9% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth

Sales YoY

+10.8%

Steady sales growth (+10.8% YoY)

Profit growth

EPS YoY

-146.1%

Earnings shrinking (-146.1% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

1937%

Turns 1937% of profit into real cash

Spare cash per sale

FCF Margin

5.3%

Thin free cash flow (5.3%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

61.33

Heavy debt load (61.33)

Covers its interest

Interest Cover

4.07x

Adequate interest coverage (4.1x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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