Live Nation Entertainment

LYV

Entertainment · Communication Services

Price

$180.22

+0.37 (+0.21%)

Market Cap

$41.94B

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

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)

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.

Winston Score History

Politician Trades

8 trades / 12mo

3 Congressional buys and 5 sells on LYV in the last 12 months.

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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

+12.1% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-478.1% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (12%)

Research and development spending

Insider Activity

32.6%ownership

→ Flat

Insiders holding steady — not selling despite ability to

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 + cash flow

Live Nation Entertainment is a rare growth stock that's already generating positive cash flow while growing at 12%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

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

Gross Margin

30.2%

Modest — 30.2% gross margin

Operating Margin

3.8%

Thin — 3.8% operating margin

ROCE

1.7%

Weak — 1.7% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY

+12.6%

Fast-growing sales (12.6% YoY)

EPS YoY

-157.9%

Earnings shrinking (-157.9% YoY)

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

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

2884%

Turns 2884% of profit into real cash

FCF Margin

4.8%

Thin free cash flow (4.8%)

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

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Stability

Debt / Equity

N/A

Data not available

Interest Cover

4.28x

Adequate interest coverage (4.3x)

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

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

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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