Live Nation Entertainment, Inc. (LYV)

Live Nation Entertainment's stock has experienced several notable events in the past six months. LYV stock fell 5.6% in a month as of October 26, 2025. On August 7, 2025, the company reported earnings results, posting $0.41 EPS, missing analysts' estimates, but revenue was up 16.3% year-over-year, exceeding estimates. In May 2024, the Justice Department and states filed an antitrust lawsuit, and the U.S. FTC alleged collusion with ticket brokers. Also in May 2024, a 1.3 TB data leak at Ticketmaster potentially impacted over 500 million customers. Despite these challenges, the stock was trading near $155/share as of October 15, 2025, up approximately 35% over the past year. Analysts have adjusted price targets, with Citigroup lowering its target to $181, Deutsche Bank adjusting to $173, and Goldman Sachs raising its target price to $170.00. The company also announced a $1.3 billion convertible notes offering in October 2025.

Demand for Live Nation Entertainment's products and services exhibits seasonality, with a significant proportion of revenues and operating income generated between May and October. The third quarter is particularly important, representing between 60% and 70% of the company's operating income. This seasonality is driven by music festivals and related events during the warmer months. Demand for live events remains robust, with strong global fan demand leading to increased ticket sales. Ticket sales for 2024 are pacing up 6%, and over 20 million tickets have already been sold for Live Nation concerts in 2025, pacing up double-digits. The company anticipates continued Adjusted Operating Income (AOI) growth in its Concerts business for the next year.

Live Nation Entertainment, Inc. is a global live entertainment company based in Beverly Hills, California, operating in the entertainment sector. The company operates through three segments: Concerts, Ticketing via Ticketmaster, and Sponsorship & Advertising. The Concerts segment promotes live music events, manages venues, produces music festivals, and provides artist management services. The Ticketing segment sells tickets for its own events and third-party clients. The Sponsorship & Advertising segment focuses on creating relationships with sponsors through advertising opportunities.

Live Nation Entertainment operates globally with a presence in over 40 countries and offices in 45 countries. Its operations span across the United States (Northeastern, Western, Southern, Midwestern), Europe, Asia, the Americas (including Mexico and Brazil), and Africa.

Live Nation Entertainment's brand reputation has been impacted by antitrust lawsuits, a data leak at Ticketmaster, ticket sale controversies, and a patent infringement lawsuit. The Justice Department and states sued to break up Live Nation over antitrust violations, followed by a lawsuit from the U.S. FTC alleging collusion with ticket brokers. Live Nation confirmed a 1.3 TB data leak at Ticketmaster, potentially affecting over 500 million customers. The company has faced criticism for its handling of ticket sales, and Dynamic Ticket Systems, LLC sued Ticketmaster and Live Nation for patent infringement. Live Nation has also been recognized for its commitment to sustainability, receiving an award for its eco-friendly initiatives.

Major owners of Live Nation Entertainment include Liberty Media Corporation with 30.03% ownership, The Vanguard Group, Inc. with 8.75%, BlackRock, Inc. with 6.43%, State Street Global Advisors, Inc. with 4.71%, Canada Pension Plan Investment Board with 3.80%, Principal Global Investors, LLC with 3.44%, Select Equity Group, L.P. with 2.95%, Wellington Management Group LLP with 2.87%, FMR LLC with 2.58%, and Independent Franchise Partners, LLP with 2.43%. Hedge funds and institutional investors collectively own 74.52% of the stock.