Live Nation Entertainment, Inc.

LYV 10-K · FY 2025

LYV FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 25,201,406 23,155,625 +8.8%
Show Business Segments breakouts
All Other Segments · Intersegment Elimination -69,719 -52,381 -33.1%
Concerts · Intersegment Elimination 40,736 29,633 +37.5%
Concerts · Operating Segments 20,860,726 19,024,302 +9.7%
Sponsorship and Advertising [Member] · Intersegment Elimination 3,607 528 +583.1%
Sponsorship and Advertising [Member] · Operating Segments 1,329,233 1,195,019 +11.2%
Ticketing · Intersegment Elimination 25,376 22,220 +14.2%
Ticketing · Operating Segments 3,081,166 2,988,685 +3.1%
Show Geography breakouts
Europe 5,815,492 4,621,210 +25.8%
Total Domestic Operations [Member] 14,329,362 14,374,056 -0.3%
Total Foreign Operations [Member] 10,872,044 8,781,569 +23.8%
Total Other Foreign Operations 5,056,552 4,160,359 +21.5%
Show Consolidation Items breakouts
Intersegment Elimination -69,719 -52,381 -33.1%
Selling, General & Administrative 4,091,759 4,043,712 +1.2%
Operating Income 1,251,217 824,510 +51.8%
Interest Income -150,445 -156,254 +3.7%
Other Non-Operating Income (Expense) 57,528 -103,874 +155.4%
Income Before Taxes 1,030,527 739,426 +39.4%
Income Tax Expense (Benefit) 339,787 -391,698 +186.7%
Net Income 495,972 896,287 -44.7%
Comprehensive Income 716,212 533,725 +34.2%
EPS (Basic) -0.24 2.77 -108.7%
EPS (Diluted) -0.24 2.74 -108.8%
Wtd Avg Shares (Basic) 231,844,300 230,124,255 +0.7%
Wtd Avg Shares (Diluted) 231,844,300 236,352,449 -1.9%
Income Loss From Equity Method Investments -3,206 16,675 -119.2%
Interest Expense 316,033 325,974 -3.0%
Net Income Loss Attributable To Noncontrolling Interest 194,768 234,837 -17.1%
Net Income Loss Available To Common Stockholders Basic -54,829 638,211 -108.6%
Depreciation And Amortization 638,872 549,923 +16.2%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax 820 -10,529 +107.8%
Show Statement, Equity and Temporary Equity Components [Axis] breakouts
Accumulated Other Comprehensive Income 820 -10,529 +107.8%
Foreign Currency Transaction Gain Loss Before Tax -61.1 14.7 -515.6%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 7,094,200 6,095,424 +16.4%
Accounts Receivable 2,009,055 1,747,316 +15.0%
Prepaid Expense Current 1,453,732 1,247,184 +16.6%
Other Assets Current 417,405 200,213 +108.5%
Total Current Assets 10,974,392 9,290,137 +18.1%
Short-Term Investments (Q)
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 · Fair Value Measurements Recurring 76,550
Show Fair Value By Measurement Frequency breakouts
Fair Value Measurements Recurring 76,550
Inventory 56,576 50,145 +12.8%
Non-Current Assets
Property, Plant & Equipment 3,415,771 2,441,872 +39.9%
Operating Lease Right-of-Use Assets 1,869,753 1,618,033 +15.6%
Intangible Assets 1,078,453 985,812 +9.4%
Show Finite Lived Intangible Assets By Major Class breakouts
Client vendor relationships [Member] 396,795 281,191 +41.1%
Contractual Rights 450,719 480,296 -6.2%
Developed Technology Rights 29,350 12,570 +133.5%
Other Intangible Assets 29,350 12,570 +133.5%
Trademarks And Trade Names 50,631 57,520 -12.0%
Venue management and leaseholds [Member] 150,958 154,235 -2.1%
Goodwill 2,889,178 2,620,911 +10.2%
Show Business Segments breakouts
Concerts 1,179,825 1,026,739 +14.9%
Sponsorship and Advertising [Member] 694,774 629,951 +10.3%
Ticketing 1,014,580 964,221 +5.2%
Prepaid Expense Noncurrent 631,071 520,482 +21.2%
Other Non-Current Assets 1,684,900 1,780,966 -5.4%
Total Assets 22,912,533 19,638,771 +16.7%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 941.4 839.9 +12.1%
Deferred Tax Assets 450,957 577,932 -22.0%
Other Assets
Indefinite Lived Intangible Assets Excluding Goodwill 369,015 380,558 -3.0%
Show Crypto Asset breakouts
Crypto Asset Other · Trade Names 369 380.6 -3.0%
Current Liabilities
Accounts Payable Client Accounts 1,941,389 1,859,678 +4.4%
Accrued Liabilities 3,555,811 3,300,312 +7.7%
Deferred Revenue 4,461,959 3,721,092 +19.9%
Long Term Debt And Capital Lease Obligations Current 587,630 260,901 +125.2%
Other Liabilities Current 482,061 216,297 +122.9%
Total Current Liabilities 11,028,850 9,358,279 +17.9%
Accounts Payable 253,261 242,978 +4.2%
Non-Current Liabilities
Operating Lease Liabilities 2,036,974 1,680,266 +21.2%
Other Non-Current Liabilities 415,844 477,763 -13.0%
Deferred Tax Liabilities 83,298 140,151 -40.6%
Total Liabilities (Q)
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 875.4 577.6 +51.6%
Other Liabilities
Long Term Debt And Capital Lease Obligations 7,612,018 6,177,168 +23.2%
Redeemable Noncontrolling Interest Equity Carrying Amount 924,472 1,126,302 -17.9%
Show Statement, Equity and Temporary Equity Components [Axis] breakouts
Redeemable Noncontrolling Interests [Member] 924,472 1,126,302 -17.9%
Stockholders' Equity
Common Stock 2,328 2,313 +0.6%
Additional Paid-In Capital 1,455,925 2,059,746 -29.3%
Retained Earnings -1,041,978 -1,546,819 +32.6%
Treasury Stock Value -30,396 -6,865 -342.8%
Accumulated Other Comprehensive Income -114,872 -335,112 +65.7%
Show Partner Capital Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent 3,872 21,518 -82.0%
Accumulated Translation Adjustment -118,744 -356,630 +66.7%
Total Stockholders' Equity 271,007 173,263 +56.4%
Minority Interest 623,368 645,730 -3.5%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 894,375 818,993 +9.2%
Show Statement, Equity and Temporary Equity Components [Axis] breakouts
Accumulated Other Comprehensive Income -114,872 -335,112 +65.7%
Additional Paid In Capital 1,455,925 2,059,746 -29.3%
Common Stock 2,328 2,313 +0.6%
Noncontrolling Interest 623,368 645,730 -3.5%
Retained Earnings -1,041,978 -1,546,819 +32.6%
Treasury Stock Common -30,396 -6,865 -342.8%
Total Liabilities & Equity 22,912,533 19,638,771 +16.7%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Net Income 690,740 1,131,124 -38.9%
Depreciation 374,301 300,003 +24.8%
Amortization Of Intangibles Assets 264,571 249,920 +5.9%
Amortization Of Nonrecoupable Ticketing Contract Advances 88,386 88,717 -0.4%
Show Business Segments breakouts
Ticketing 88.4 88.7 -0.3%
Deferred Income Taxes -20,502 -708,570 +97.1%
Amortization Of Financing Costs And Discounts 20,244 17,794 +13.8%
Provision For Doubtful Accounts 30,784 1,002 +2972.3%
Gain Loss On Repurchase Of Debt Instrument -780 -2,563 +69.6%
Stock-Based Compensation 155,219 110,348 +40.7%
Fair Value Contingent Consideration 91,455 -21,721 +521.0%
Income Loss From Equity Method Investments Net Of Dividends Or Distributions 23,227 32,371 -28.2%
Loss Gain On Mark To Market Of Investments In Nonconsolidated Affiliates And Crypto Assets 12,112 102,929 -88.2%
Gain Loss On Disposition Of Assets1 -20,979 -7,887 -166.0%
Other Non-Cash Items -3,052 -18,665 +83.6%
Change in Accounts Receivable -147,892 181,430 -181.5%
Change in Prepaid & Other Assets -343,315 -22,192 -1447.0%
Increase Decrease In Accounts Payable Accrued Expenses And Other Liabilities -138,407 13,782 -1104.3%
Increase Decrease In Deferred Revenue 341,868 478,085 -28.5%
Net Cash from Operations 1,395,316 1,725,175 -19.1%
Investing Activities
Payments To Acquire Notes Receivable -77,636 -119,213 +34.9%
Proceeds From Collection Of Notes Receivable 22,855 52,303 -56.3%
Proceeds From Sales Of Assets Investing Activities 25,536 7,373 +246.3%
Payments To Acquire Equity Method Investments -38,984 -45,683 +14.7%
Capital Expenditures -1,061,705 -646,634 -64.2%
Cash Paid For Acquisition Of Right Of Use Assets 20,800 20,000 +4.0%
Payments To Acquire Businesses Net Of Cash Acquired -80,006 -98,307 +18.6%
Payments To Acquire Intangible Assets -7,832 -8,522 +8.1%
Cash Derecognized From Sale Of Investments In Nonconsolidated Affiliates -1,363
Other Investing Activities 13,485 4,808 +180.5%
Net Cash from Investing -1,226,450 -854,281 -43.6%
Financing Activities
Proceeds From Debt Net Of Issuance Costs 3,714,432 1,671,842 +122.2%
Repayments Of Long Term Debt -2,049,287 -1,959,725 -4.6%
Proceeds From Minority Shareholders 34,578 3,000 +1052.6%
Payments Of Dividends Minority Interest -250,996 -245,580 -2.2%
Purchases And Sales Of Noncontrolling Interest -883,634 -69,935 -1163.5%
Proceeds From Stock Options Exercised 5,081 26,052 -80.5%
Tax Withholding for Share Compensation -126,691 -59,756 -112.0%
Share Repurchases 23,531
Payments Of Merger Related Costs Financing Activities -11,785 -23,733 +50.3%
Proceeds From Payments For Other Financing Activities -1,660 -715 -132.2%
Net Cash from Financing 406,507 -658,550 +161.7%
Amortization of Financing Costs 7,104 4,095 +73.5%
Supplemental
Interest Paid 118,638 132,758 -10.6%
Income Taxes Paid 313,038 253,652 +23.4%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 425,504 -345,191 +223.3%
Net Change in Cash 1,000,877 -132,847 +853.4%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 7,106,986 6,106,109 +16.4%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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