Live Nation Entertainment, Inc.
LYV · Services-Amusement & Recreation Services · 235.5M shares · +3%/yr ↑ shares · EDGAR filings ↗
Reference price $175.00 · est. market cap ~$41.2B — last insider sale, 2026-06-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A85Dominant, wide-moat global live-entertainment and ticketing franchise posting record revenue with durable competitive advantages.
Strengths
- World's largest concert promoter and ticketing network (Ticketmaster); record $25.2B revenue, operating income +52%, above-sector ROA (81.8th), operating margin (76.5th), FCF (91.7th)
- Deep artist/venue moat, 805M fans, $4.0B deferred revenue and rising 2026 advance sales signal durable demand
Risks
- Structurally thin net margins (~2%) and antitrust/regulatory overhang on Ticketmaster
- Reported net income -45% (largely a prior-year Astroworld one-off), and high content-cost guarantees create event risk
Notable findings
- Weak liquidityCurrent ratio 1.00 (<1)
- Strong balance sheetStrong balance sheet — $7.1B cash & investments
- Revenue declineRevenue -39.9% YoY
- Insider sellingInsider selling — 12 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$26M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
5.0%
Net margin
2.0%
Return on equity
183.0%
Return on assets
2.2%
Revenue growth (QoQ)
-39.9%
Net-income growth
-44.7%
Interest coverage
4.0×
Current ratio
1.0×
Free cash flow
$334M
EBITDA
$1.9B
Tangible book value
-$3.7B
Cash & investments
$7.1B
Stock comp / revenue
0.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | HINSON JEFFREY T. | Sell | 2.1K | $175.00 |
| 2026-06-11 | Watkins Latriece | Grant | 1.2K | — |
| 2026-06-11 | Grenell Richard Allen | Grant | 1.2K | — |
| 2026-06-11 | Paul Richard A. | Grant | 1.2K | — |
| 2026-06-11 | Carter Maverick | Grant | 1.2K | — |
| 2026-06-11 | Fu Ping | Grant | 1.2K | — |
| 2026-06-11 | Hollingsworth Chad | Grant | 1.2K | — |
| 2026-06-11 | Iovine Jimmy | Grant | 1.2K | — |
| 2026-06-11 | HINSON JEFFREY T. | Grant | 1.2K | — |
| 2026-06-11 | MAYS RANDALL THOMAS | Grant | 2.3K | — |
| 2026-06-11 | KAHAN JAMES S | Grant | 1.2K | — |
| 2026-06-11 | VOGEL CARL E | Grant | 1.2K | — |
| 2026-05-22 | Berchtold Joe | Tax withheld | 17K | $165.55 |
| 2026-05-22 | Rowles Michael | Tax withheld | 1.7K | $165.55 |
| 2026-05-13 | Rowles Michael | Tax withheld | 1.2K | $168.46 |
| 2026-05-13 | Hopmans John | Tax withheld | 4.3K | $168.46 |
| 2026-05-13 | Berchtold Joe | Tax withheld | 12K | $168.46 |
| 2026-05-13 | Rapino Michael | Tax withheld | 17K | $168.46 |
| 2026-05-08 | Rowles Michael | Option exercise | 64K | $29.03 |
| 2026-05-08 | Rowles Michael | Sell | 38K | $163.07 |
| 2026-05-08 | Rowles Michael | Sell | 3.6K | $164.96 |
| 2026-05-08 | Rowles Michael | Sell | 17K | $165.98 |
| 2026-05-08 | Rowles Michael | Sell | 5.7K | $166.36 |
| 2026-05-07 | Hopmans John | Sell | 47K | $166.60 |
| 2026-05-07 | Hopmans John | Sell | 4.8K | $167.41 |
| 2026-05-07 | Hopmans John | Sell | 3.6K | $166.19 |
| 2026-05-07 | Hopmans John | Sell | 6.0K | $166.78 |
| 2026-05-07 | Hopmans John | Option exercise | 83K | $29.03 |
| 2026-05-07 | Hopmans John | Sell | 19K | $164.37 |
| 2026-05-07 | Hopmans John | Sell | 13K | $165.81 |
| 2026-04-09 | Rapino Michael | Tax withheld | 25K | $163.66 |
| 2026-03-31 | Capo Brian | Tax withheld | 474 | $152.51 |
| 2026-03-31 | Capo Brian | Tax withheld | 647 | $152.51 |
| 2026-03-12 | Rapino Michael | Grant | 62K | — |
| 2026-03-12 | Capo Brian | Grant | 3.0K | — |
| 2026-03-12 | Rapino Michael | Tax withheld | 17K | $160.32 |
| 2026-03-10 | HINSON JEFFREY T. | Gift | 200 | — |
| 2026-03-10 | HINSON JEFFREY T. | Gift | 200 | — |
| 2026-03-10 | HINSON JEFFREY T. | Gift | 150 | — |
| 2026-03-10 | HINSON JEFFREY T. | Gift | 200 | — |
| 2026-03-10 | HINSON JEFFREY T. | Sell | 944 | $165.87 |
| 2026-02-26 | Rapino Michael | Tax withheld | 18K | $157.91 |
| 2026-02-06 | Hopmans John | Tax withheld | 4.6K | $140.84 |
| 2026-02-06 | Berchtold Joe | Tax withheld | 13K | $140.84 |
| 2026-02-06 | Rowles Michael | Tax withheld | 1.3K | $140.84 |
| 2026-02-06 | Rapino Michael | Tax withheld | 19K | $140.84 |
| 2026-01-20 | KAHAN JAMES S | Gift | 4.0K | — |
| 2026-01-20 | KAHAN JAMES S | Gift | 750 | — |
| 2026-01-20 | KAHAN JAMES S | Gift | 750 | — |
| 2026-01-20 | KAHAN JAMES S | Gift | 750 | — |
| 2026-01-20 | KAHAN JAMES S | Gift | 750 | — |
| 2026-01-20 | KAHAN JAMES S | Gift | 960 | — |
| 2026-01-20 | KAHAN JAMES S | Gift | 40 | — |
| 2026-01-07 | Hopmans John | Tax withheld | 4.0K | $143.96 |
| 2026-01-07 | Berchtold Joe | Tax withheld | 14K | $143.96 |
| 2026-01-07 | Rowles Michael | Tax withheld | 1.4K | $143.96 |
| 2026-01-07 | Rapino Michael | Tax withheld | 21K | $143.96 |
| 2026-01-01 | Rapino Michael | Tax withheld | 32K | $145.31 |
| 2025-12-15 | Berchtold Joe | Option exercise | 135K | $19.36 |
| 2025-12-15 | Berchtold Joe | Tax withheld | 81K | $141.66 |
| 2025-12-15 | Berchtold Joe | Disposition | 54K | $141.66 |
| 2025-12-15 | Rapino Michael | Option exercise | 282K | $19.36 |
| 2025-12-15 | Rapino Michael | Tax withheld | 170K | $141.66 |
| 2025-12-15 | Rapino Michael | Disposition | 112K | $141.66 |
| 2025-12-09 | HINSON JEFFREY T. | Gift | 200 | — |
| 2025-11-25 | Hopmans John | Tax withheld | 5.5K | $129.56 |
| 2025-11-25 | Berchtold Joe | Tax withheld | 15K | $129.56 |
| 2025-11-25 | Rowles Michael | Tax withheld | 1.5K | $129.56 |
| 2025-11-25 | Rapino Michael | Tax withheld | 22K | $129.56 |
| 2025-08-06 | Hopmans John | Option exercise | 39K | — |
| 2025-08-06 | Hopmans John | Tax withheld | 9.9K | $149.29 |
| 2025-08-06 | Berchtold Joe | Option exercise | 100K | — |
| 2025-08-06 | Berchtold Joe | Tax withheld | 27K | $149.29 |
| 2025-08-06 | Rowles Michael | Option exercise | 10K | — |
| 2025-08-06 | Rowles Michael | Tax withheld | 2.7K | $149.29 |
| 2025-08-06 | Rapino Michael | Option exercise | 151K | — |
| 2025-08-06 | Rapino Michael | Tax withheld | 41K | $149.29 |
| 2025-07-17 | KAHAN JAMES S | Gift | 4.6K | — |
| 2025-07-17 | KAHAN JAMES S | Gift | 4.6K | — |
| 2025-07-11 | Hopmans John | Tax withheld | 6.1K | $143.94 |
| 2025-06-12 | Iovine Jimmy | Grant | 1.4K | — |
| 2025-06-12 | MAYS RANDALL THOMAS | Grant | 2.7K | — |
| 2025-06-12 | VOGEL CARL E | Grant | 1.4K | — |
| 2025-06-12 | HINSON JEFFREY T. | Grant | 1.4K | — |
| 2025-06-12 | Fu Ping | Grant | 1.4K | — |
| 2025-06-12 | Hollingsworth Chad | Grant | 1.4K | — |
| 2025-06-12 | Watkins Latriece | Grant | 1.4K | — |
| 2025-06-12 | Paul Richard A. | Grant | 1.4K | — |
| 2025-06-12 | KAHAN JAMES S | Grant | 1.4K | — |
| 2025-06-12 | Grenell Richard Allen | Grant | 1.4K | — |
| 2025-06-12 | Carter Maverick | Grant | 1.4K | — |
| 2025-06-03 | Grenell Richard Allen | Grant | 102 | — |
| 2025-05-22 | Rowles Michael | Tax withheld | 1.7K | $144.43 |
| 2025-05-22 | Berchtold Joe | Tax withheld | 17K | $144.43 |
| 2025-05-16 | Hopmans John | Sell | 35K | $147.38 |
| 2025-05-13 | Hopmans John | Option exercise | 42K | — |
| 2025-05-13 | Hopmans John | Tax withheld | 11K | $143.00 |
| 2025-05-13 | Rowles Michael | Option exercise | 11K | — |
| 2025-05-13 | Rowles Michael | Tax withheld | 2.9K | $143.00 |
| 2025-05-13 | Rapino Michael | Option exercise | 162K | — |
| 2025-05-13 | Rapino Michael | Tax withheld | 44K | $143.00 |
| 2025-05-13 | Berchtold Joe | Option exercise | 108K | — |
| 2025-05-13 | Berchtold Joe | Tax withheld | 29K | $143.00 |
| 2025-05-12 | KAHAN JAMES S | Sell | 3.4K | $139.52 |
| 2025-05-09 | HINSON JEFFREY T. | Gift | 125 | — |
| 2025-05-09 | HINSON JEFFREY T. | Sell | 4.0K | $135.66 |
| 2025-04-09 | Rapino Michael | Tax withheld | 25K | $131.75 |
| 2025-03-31 | Capo Brian | Tax withheld | 915 | $130.58 |
| 2025-03-31 | Hopmans John | Tax withheld | 3.8K | $130.58 |
| 2025-03-12 | HINSON JEFFREY T. | Sell | 500 | $122.95 |
| 2025-03-11 | Capo Brian | Sell | 5.1K | $123.24 |
| 2025-03-07 | HINSON JEFFREY T. | Gift | 825 | — |
| 2025-02-28 | Rapino Michael | Tax withheld | 28K | $143.36 |
| 2025-02-26 | Rapino Michael | Grant | 66K | — |
| 2025-02-26 | Rapino Michael | Tax withheld | 18K | $142.16 |
| 2025-02-26 | Capo Brian | Grant | 3.3K | — |
| 2025-02-25 | Rowles Michael | Sell | 22K | $147.62 |
| 2025-02-25 | Rowles Michael | Sell | 3.5K | $145.61 |
| 2025-02-25 | Rowles Michael | Sell | 3.4K | $146.25 |
| 2025-02-25 | Rowles Michael | Option exercise | 29K | $19.36 |
| 2025-02-24 | Rowles Michael | Sell | 63K | $155.40 |
| 2025-02-24 | Rowles Michael | Option exercise | 63K | $19.36 |
| 2025-02-06 | Hopmans John | Option exercise | 45K | — |
| 2025-02-06 | Rowles Michael | Option exercise | 12K | — |
| 2025-02-06 | Rowles Michael | Tax withheld | 3.1K | $149.99 |
| 2025-02-06 | Hopmans John | Tax withheld | 11K | $149.99 |
| 2025-02-06 | Berchtold Joe | Option exercise | 117K | — |
| 2025-02-06 | Berchtold Joe | Tax withheld | 31K | $149.99 |
| 2025-02-06 | Rapino Michael | Option exercise | 175K | — |
| 2025-02-06 | Rapino Michael | Tax withheld | 47K | $149.99 |
| 2025-01-07 | Hopmans John | Option exercise | 49K | — |
| 2025-01-07 | Hopmans John | Tax withheld | 11K | $129.64 |
| 2025-01-07 | Rowles Michael | Option exercise | 13K | — |
| 2025-01-07 | Rowles Michael | Tax withheld | 3.5K | $129.64 |
| 2025-01-07 | Berchtold Joe | Option exercise | 127K | — |
| 2025-01-07 | Berchtold Joe | Tax withheld | 34K | $129.64 |
| 2025-01-07 | Rapino Michael | Option exercise | 190K | — |
| 2025-01-07 | Rapino Michael | Tax withheld | 51K | $129.64 |
| 2025-01-01 | Rapino Michael | Tax withheld | 32K | $129.23 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-12 | Shareholder voteExhibits | filing ↗ |
| 2026-05-08 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-05-05 | ResultsExhibits | filing ↗ |
| 2026-02-19 | ResultsExhibits | filing ↗ |
| 2025-11-04 | ResultsExhibits | filing ↗ |
| 2025-10-24 | Material agreementDebt obligationExhibits | filing ↗ |
| 2025-10-10 | Material agreementDebt obligation3.02OtherExhibits | filing ↗ |
| 2025-08-29 | OtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-12 | 2026-06-11 | 0001335258-26-000025 ↗ |
| 8-K | 2026-05-08 | 2026-05-08 | 0001335258-26-000023 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001335258-26-000018 ↗ |
| 10-Q | 2026-05-05 | 2026-03-31 | 0001335258-26-000019 ↗ |
| 10-K | 2026-02-19 | 2025-12-31 | 0001335258-26-000009 ↗ |
| 8-K | 2026-02-19 | 2026-02-19 | 0001335258-26-000007 ↗ |
| 10-Q | 2025-11-04 | 2025-09-30 | 0001335258-25-000151 ↗ |
| 8-K | 2025-11-04 | 2025-11-04 | 0001335258-25-000150 ↗ |
| 8-K | 2025-10-24 | 2025-10-21 | 0001335258-25-000140 ↗ |
| 8-K | 2025-10-10 | 2025-10-08 | 0001335258-25-000137 ↗ |
| 8-K | 2025-08-29 | 2025-08-19 | 0001335258-25-000132 ↗ |
| 8-K | 2025-08-07 | 2025-08-07 | 0001335258-25-000127 ↗ |