Live Nation Entertainment LYV
Live Nation Entertainment scores average on business quality (4.7 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Live Nation Entertainment does
Live Nation sells concert tickets and promotes live music events globally, monetizing through ticketing fees, sponsorships, and venue concessions. Fans and artists fuel the top line, making it the dominant live entertainment middleman. The company is expanding its international footprint and venue network to capture more global concert demand, supported by continuous festival scaling visible in recent operations.
- What it does best
Live Nation commands the live music ecosystem through Ticketmaster, controlling primary ticketing for massive venues globally. With a gross margin of 25.8% trailing peers like TKO at 59.4%, its unrivaled venue network creates extreme switching costs for promoters and fans.
- The main risk
Regulatory scrutiny and potential antitrust fragmentation remain major threats. Any forced restructuring of Ticketmaster could permanently impair its ticketing monopoly and strip away its core cash engine.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin of 2.9% and net margin of -1.0% highlight razor-thin profitability despite massive top-line scale. High operating expenses eat up gross profits, preventing scale from dropping to the bottom line.
Network effects lock in major venues and artists who must use Ticketmaster to reach fans. Its gross margin ranks in the bottom decile of its sector at 1%, leaving little room for error against rivals.
Revenue grew 8.8% to $26.3B, driven by steady concert attendance and global ticketing volume. This growth rate is moderating compared to the post-pandemic recovery years.
Debt-to-equity sits at 30.2x alongside an interest coverage ratio of 2.2x, making debt servicing a tight squeeze. Free cash flow of $1.4B helps, but the balance sheet is softening under heavy leverage.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
1 sold $534K outside pre-planned sales.
Our sealed record on LYV
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Live Nation Entertainment scores average on the Cluenex quality check (4.7 of 10), measured against its own industry. Profitability is weak, moat fair, growth steady and financial health weak.
In the last 90 days of SEC Form 4 filings: 1 sold $534K outside pre-planned sales.
Oct 29, 2026, after the close.
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Cite this page: Cluenex, “Live Nation Entertainment (LYV)”, https://cluenex.com/stocks/lyv/, data as of Oct 10, 2026.