Skip to Content
Morningstar

Live Nation Entertainment Inc LYV

Morningstar Rating
Unlock
Stock XNYS Rating as of
$90.90 +2.45 (2.77%)
View Full Chart
As of Cboe BZX Real-Time Price Open
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Live Nation Has an Edge on Competition and Tailwinds From Young Consumers Seeking Experiences

Matthew Dolgin

Live Nation is highly focused on live entertainment at venues ranging from intimate clubs to large stadiums. The firm controls over 338 concert venues that hosted over 50,000 events and 145 million fans in 2023. Ticketmaster, the firm’s ticketing platform, sold over 620 million tickets for over 10,000 clients in 2023. The firm has now exceeded prepandemic revenue levels in each of its three segment (concerts, ticketing, and sponsorship), and we project continuing growth over the next five years.

Read Full Report

Price vs Fair Value

View History
LYV is trading at a 16% discount.
Price
$88.45
Fair Value
$966.00
Uncertainty
High
1-Star Price
$884.15
5-Star Price
$78.00
Economic Moat
Przwr
Capital Allocation
Ybhkfpjxzd

Bulls Say, Bears Say

Bulls

Ticketmaster holds a dominant position in the ticketing space that it reinforces with relatively high levels reinvestment in technology.

Bears

The concerts business is dependent on artists who now generate more income from concerts than recording. As a result, artists have even more impetus to push back on pricing, limiting margin expansion.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if LYV is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
$88.45
Day Range
$88.92–91.01
52-Week Range
$64.98–107.16
Bid/Ask
$90.85 / $90.94
Market Cap
$20.97 Bil
Volume/Avg
247,613 / 2.5 Mil

Key Statistics

Price/Earnings (Normalized)
44.91
Price/Sales
0.90
Dividend Yield (Trailing)
—
Dividend Yield (Forward)
—
Total Yield
—

Company Profile

Live Nation is the largest live entertainment firm in the world, operating in 49 countries at the end of 2023 through its concert and ticketing platforms. Via either owning, operating, or holding exclusive booking rights, Live Nation controls or influences 373 venues, including the House of Blues. Live Nation also owns one of the largest ticketing services, Ticketmaster, which sold over 620 million tickets for over 10,000 clients in 2023. Live Nation also includes an artist management agency. This large live entertainment footprint helped Live Nation become one of the largest advertising and sponsorship platforms aimed at music fans.
Sector
Communication Services
Industry
Entertainment
Stock Style Box
Mid Growth
Total Number of Employees
14,700
Website
https://www.livenationentertainment.com

Competitors

Valuation

View More
Metric
LYV
DIS
CMCSA
Price/Earnings (Normalized)
 44.9128.4710.22
Price/Book Value
 —2.071.95
Price/Sales
 0.902.351.38
Price/Cash Flow
 13.3516.576.12
Price/Earnings
LYV
DIS
CMCSA

Financial Strength

Metric
LYV
DIS
CMCSA
Quick Ratio
 0.840.690.50
Current Ratio
 0.960.840.60
Interest Coverage
 2.883.376.01
Quick Ratio
LYV
DIS
CMCSA

Profitability

Metric
LYV
DIS
CMCSA
Return on Assets (Normalized)
 4.24%4.22%6.32%
Return on Equity (Normalized)
 —8.71%19.98%
Return on Invested Capital (Normalized)
 9.38%5.86%10.60%
Return on Assets
LYV
DIS
CMCSA
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Entertainment Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
NFLX
Netflix IncVsmnckppncGdrlf$239.0 Bil
DIS
The Walt Disney CoHqdstksSnf$206.2 Bil
WBD
Warner Bros. Discovery Inc Ordinary Shares - Class AWlzmzyqvqSpkc$20.6 Bil
WMG
Warner Music Group Corp Ordinary Shares - Class AGygbqrcfzpGgmvk$17.1 Bil
FOXA
Fox Corp Class ARbmtwystGtjtl$14.3 Bil
FOX
Fox Corp Class BRhmnljszXzpqx$14.3 Bil
NWS
News Corp Class BLzgpzwdnpMzs$14.0 Bil
NWSA
News Corp Class APpsbpftpRkbrp$14.0 Bil
SIRI
Sirius XM Holdings IncWfwvbrckyTyqnq$12.0 Bil

Sponsor Center