Skip to Content

Live Nation Entertainment Inc LYV

Morningstar Rating
$98.70 +1.55 (1.60%)
View Full Chart
Unlock our analysis with Morningstar Investor

Company Report

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

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.

Price vs Fair Value

LYV is trading at a 6% discount.
Price
$98.70
Fair Value
$437.00
Uncertainty
High
1-Star Price
$829.55
5-Star Price
$74.00
Economic Moat
Wdrbnt
Capital Allocation
Vyhprxgxfj

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.

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.

News

Trading Information

Previous Close Price
$97.15
Day Range
$96.9599.98
52-Week Range
$64.25101.74
Bid/Ask
$98.05 / $99.10
Market Cap
$22.78 Bil
Volume/Avg
3.0 Mil / 2.3 Mil

Key Statistics

Price/Earnings (Normalized)
50.11
Price/Sales
1.00
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

Competitors

Valuation

Metric
LYV
DIS
CMCSA
Price/Earnings (Normalized)
50.1128.4210.54
Price/Book Value
2.072.01
Price/Sales
1.002.341.43
Price/Cash Flow
14.8916.556.31
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

Entertainment Industry Comparables

Sponsor Center