Live Nation Entertainment Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Live Nation Entertainment Inc. reported revenue of $25.2B (+8.8% year on year) and net income of $690.7M (-38.9% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenues | $25.2B | $23.2B | $22.7B | $16.7B |
| Direct operating expenses | $18.8B | $17.3B | $17.3B | $12.3B |
| Selling, general and administrative expenses | $4.1B | $4.1B | $3.6B | $3.0B |
| Depreciation and amortization | $638.9M | $549.9M | $516.8M | $450.0M |
| Gain (Loss) on Disposition of Other Assets | $18.5M | $11.0M | — | — |
| Corporate expenses | $474.7M | $367.6M | $330.8M | $237.8M |
| Operating income | $1.3B | $824.5M | $1.1B | $732.1M |
| Interest expense | $316.0M | $326.0M | $350.2M | $278.5M |
| Loss on extinguishment of debt | $780.0K | $2.6M | $18.5M | — |
| Interest income | ($150.4M) | ($156.3M) | ($237.8M) | ($77.6M) |
| Equity in losses (earnings) of nonconsolidated affiliates | ($3.2M) | $16.7M | $5.5M | ($10.6M) |
| Other expense (income), net | $57.5M | ($103.9M) | $34.9M | $36.8M |
| Income before income taxes | $1.0B | $739.4M | $894.5M | $505.4M |
| Income Tax Expense (Benefit) | $339.8M | ($391.7M) | $160.2M | $96.3M |
| Net income | $690.7M | $1.1B | $734.3M | $409.2M |
| Net income attributable to noncontrolling interests | $194.8M | $234.8M | $171.0M | $113.2M |
| Earnings Per Share, Basic | -$0.24 | $2.77 | $1.38 | $0.66 |
| Earnings Per Share, Diluted | -$0.24 | $2.74 | $1.37 | $0.64 |
| Weighted average common shares—basic | 231.8M | 230.1M | 228.6M | 224.8M |
| Weighted average common shares—diluted | 231.8M | 236.4M | 231.0M | 231.6M |
| Net income attributable to common stockholders of Live Nation | $496.0M | $896.3M | $563.3M | $296.0M |
| Accretion of redeemable noncontrolling interests | ($550.8M) | ($258.1M) | ($247.4M) | ($146.8M) |
| Net income (loss) available to common stockholders of Live Nation—basic | ($54.8M) | $638.2M | $315.8M | $149.2M |
| Convertible debt interest, net of tax | $0 | $9.2M | — | — |
| Net income (loss) available to common stockholders of Live Nation—diluted | ($54.8M) | $647.4M | — | — |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenue | $7.7B | $3.8B | $8.5B | $7.0B |
| Direct operating expenses | $5.7B | $2.5B | $6.4B | $5.2B |
| Selling, general and administrative expenses | $1.1B | $961.5M | $1.0B | $1.0B |
| Depreciation and amortization | $188.5M | $169.3M | $165.6M | $159.0M |
| Gain (Loss) on Disposition of Other Assets | $8.5M | $6.0M | $14.9M | $856.0K |
| Corporate expenses | $105.8M | $560.3M | $110.2M | $147.7M |
| Operating income | $521.9M | ($370.5M) | $792.5M | $486.7M |
| Interest expense | $97.2M | $90.5M | $80.3M | $72.0M |
| Interest income | ($42.7M) | ($39.5M) | ($36.7M) | ($37.9M) |
| Equity in losses (earnings) of nonconsolidated affiliates | $4.5M | $2.9M | $5.2M | ($4.3M) |
| Other expense (income), net | ($55.7M) | ($12.4M) | $13.8M | $36.4M |
| Income before income taxes | $518.6M | ($412.1M) | $729.8M | $420.4M |
| Income tax expense | $115.7M | ($32.1M) | $251.8M | $117.6M |
| Net income | $402.9M | ($380.0M) | $478.0M | $302.7M |
| Net income attributable to noncontrolling interests | $108.4M | $9.1M | $46.5M | $59.3M |
| Earnings Per Share, Basic | $1.06 | -$1.85 | $0.74 | $0.41 |
| Earnings Per Share, Diluted | $1.05 | -$1.85 | $0.73 | $0.41 |
| Weighted Average Number of Shares Outstanding, Basic | 232.8M | 232.4M | 232.0M | 231.8M |
| Weighted Average Number of Shares Outstanding, Diluted | 244.0M | 232.4M | 234.8M | 234.4M |
| Net income (loss) attributable to common stockholders of Live Nation | $294.4M | ($389.1M) | $431.5M | $243.4M |
| Accretion of redeemable noncontrolling interests | ($46.5M) | ($41.3M) | ($259.9M) | ($147.8M) |
| Net income (loss) available to common stockholders of Live Nation—basic | $247.9M | ($430.4M) | $171.6M | $95.6M |
| Interest on Convertible Debt, Net of Tax | $8.5M | — | $0 | $0 |
| Net income (loss) available to common stockholders of Live Nation—basic | $256.4M | ($430.4M) | $171.6M | $95.6M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $7.1B | $6.1B | $6.2B | $5.6B |
| Accounts receivable, less allowance of $73,912 and $72,663, respectively | $2.0B | $1.7B | $2.1B | $1.5B |
| Prepaid expenses | $1.5B | $1.2B | $1.1B | $949.8M |
| Other current assets | $417.4M | $189.5M | $122.2M | $131.9M |
| Total current assets | $11.0B | $9.3B | $9.6B | $8.2B |
| Property, plant and equipment, net | $3.4B | $2.4B | $2.1B | $1.5B |
| Operating lease assets | $1.9B | $1.6B | $1.6B | $1.6B |
| Definite-lived intangible assets, net | $1.1B | $985.8M | $1.2B | $1.1B |
| Indefinite-lived intangible assets, net | $369.0M | $380.6M | $377.3M | $368.7M |
| Goodwill | $2.9B | $2.6B | $2.7B | $2.5B |
| Long-term advances | $631.1M | $520.5M | $623.2M | $568.6M |
| Other long-term assets | $1.7B | $1.8B | $934.8M | $725.0M |
| Total assets | $22.9B | $19.6B | $19.1B | $16.5B |
| Accounts payable, client accounts | $1.9B | $1.9B | $1.9B | $1.8B |
| Accrued expenses and accounts payable | $3.6B | $3.1B | $3.0B | $2.4B |
| Deferred revenue | $4.5B | $3.7B | $3.4B | $3.1B |
| Long-Term Debt and Lease Obligation, Current | $587.6M | $260.9M | $1.1B | $620.0M |
| Other current liabilities | $482.1M | $62.9M | $128.4M | $68.7M |
| Total current liabilities | $11.0B | $9.4B | $10.0B | $8.3B |
| Long-term debt, net | $7.6B | $6.2B | $5.5B | $5.3B |
| Operating Lease, Liability, Noncurrent | $2.0B | $1.7B | $1.7B | $1.7B |
| Other long-term liabilities | $415.8M | $477.8M | $488.2M | $456.0M |
| Redeemable noncontrolling interests | $924.5M | $1.1B | $893.7M | $669.8M |
| Preferred stock—Series A Junior Participating, $0.01 par value; 20,000,000 shares authorized; no shares issued and outstanding | 0 | 0 | 0 | 0 |
| Common stock, $0.01 par value; 450,000,000 shares authorized; 235,995,577 and 234,771,759 shares issued and 235,421,446 and 234,363,735 shares outstanding in 2025 and 2024, respectively | 2.3M | 2.3M | 2.3M | 2.3M |
| Additional paid-in capital | $1.5B | $2.1B | $2.4B | $2.7B |
| Accumulated deficit | ($1.0B) | ($1.5B) | ($2.4B) | ($3.0B) |
| Cost of shares held in treasury | -30.4M | -6.9M | -6.9M | -6.9M |
| Accumulated other comprehensive loss | ($114.9M) | ($335.1M) | $27.4M | ($90.1M) |
| Total Live Nation stockholders' equity | $271.0M | $173.3M | ($17.1M) | ($367.6M) |
| Noncontrolling interests | $623.4M | $645.7M | $604.3M | $461.4M |
| Total equity | $894.4M | $819.0M | $587.2M | $93.8M |
| Total liabilities and equity | $22.9B | $19.6B | $19.1B | $16.5B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $9.1B | $9.1B | $6.8B | $7.1B |
| Accounts Receivable, after Allowance for Credit Loss, Current | $2.9B | $2.0B | $2.6B | $2.5B |
| Prepaid expenses | $2.5B | $2.2B | $1.5B | $1.9B |
| Other current assets | $463.5M | $381.3M | $412.5M | $377.0M |
| Total current assets | $15.0B | $13.6B | $11.3B | $11.8B |
| Property, plant and equipment, net | $4.0B | $3.7B | $3.1B | $2.9B |
| Operating lease assets | $1.9B | $1.9B | $1.8B | $1.7B |
| Definite-lived intangible assets, net | $1.2B | $1.1B | $1.1B | $1.1B |
| Indefinite-lived intangible assets, net | $369.0M | $369.0M | $369.0M | $369.1M |
| Goodwill | $3.1B | $2.9B | $2.8B | $2.8B |
| Long-term advances | $743.8M | $667.9M | $600.4M | $626.9M |
| Other long-term assets | $2.0B | $1.8B | $1.8B | $1.7B |
| Total assets | $28.2B | $26.1B | $22.9B | $23.2B |
| Accounts payable, client accounts | $2.3B | $2.2B | $2.4B | $2.1B |
| Accrued expenses and accounts payable | $4.7B | $3.6B | $3.8B | $3.3B |
| Deferred revenue | $7.3B | $7.4B | $4.1B | $5.9B |
| Current portion of long-term debt, net | $3.0B | $1.8B | $1.3B | $1.5B |
| Other current liabilities | $277.4M | $467.8M | $222.3M | $97.0M |
| Total current liabilities | $17.6B | $15.4B | $12.3B | $13.5B |
| Long-term debt, net | $6.2B | $6.7B | $6.1B | $5.0B |
| Long-term operating lease liabilities | $2.1B | $2.1B | $1.9B | $1.8B |
| Other long-term liabilities | $484.1M | $435.3M | $653.3M | $610.5M |
| Redeemable noncontrolling interests | $1.1B | $951.7M | $852.7M | $1.4B |
| Common stock | $2.3M | $2.3M | $2.3M | $2.3M |
| Additional paid-in capital | $1.4B | $1.4B | $1.5B | $1.8B |
| Accumulated deficit | ($1.1B) | ($1.4B) | ($839.9M) | ($1.3B) |
| Cost of shares held in treasury | -30.4M | -30.4M | -6.9M | -6.9M |
| Accumulated other comprehensive loss | ($142.1M) | ($85.5M) | ($158.9M) | ($152.4M) |
| Total Live Nation stockholders' equity | $82.3M | ($139.4M) | $521.3M | $360.1M |
| Noncontrolling interests | $673.2M | $621.2M | $607.5M | $567.8M |
| Total equity | $755.6M | $481.8M | $1.1B | $927.9M |
| Total liabilities and equity | $28.2B | $26.1B | $22.9B | $23.2B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $690.7M | $1.1B | $734.3M | $409.2M |
| Depreciation | $374.3M | $300.0M | $266.6M | $225.8M |
| Amortization of definite-lived intangibles | $264.6M | — | — | — |
| Amortization of non-recoupable ticketing contract advances | $88.4M | $88.7M | $83.7M | $79.0M |
| Deferred income taxes | ($20.5M) | ($708.6M) | ($44.0M) | $7.2M |
| Amortization of debt issuance costs and discounts | $20.2M | $17.8M | $16.9M | $16.4M |
| Provision for uncollectible accounts receivable | $30.8M | $1.0M | $78.3M | $68.6M |
| Loss on extinguishment of debt | ($780.0K) | ($2.6M) | ($18.5M) | — |
| Stock-based compensation expense | $155.2M | $110.3M | $116.0M | $110.0M |
| Unrealized changes in fair value of contingent consideration | $91.5M | ($21.7M) | $40.2M | $56.7M |
| Equity in losses of nonconsolidated affiliates, net of distributions | $23.2M | $32.4M | $30.5M | $14.9M |
| Gain on mark-to-market of investments in nonconsolidated affiliates and crypto assets | $12.1M | — | — | — |
| Gain on sale of operating and fixed assets | ($21.0M) | — | — | — |
| Other, net | ($3.1M) | ($11.2M) | ($11.5M) | ($19.3M) |
| Decrease (increase) in accounts receivable | ($147.9M) | $181.4M | ($550.7M) | ($464.0M) |
| Increase in prepaid expenses and other assets | ($343.3M) | ($22.2M) | ($202.8M) | ($267.9M) |
| Increase (decrease) in accrued expenses, accounts payable and other liabilities | ($138.4M) | $13.8M | $460.5M | $1.0B |
| Increase in deferred revenue | $341.9M | $478.1M | $133.0M | $367.6M |
| Net cash provided by operating activities | $1.4B | $1.7B | $1.4B | $1.8B |
| Advances of notes receivable | ($77.6M) | ($119.2M) | ($181.8M) | ($116.0M) |
| Collections of notes receivable | $22.9M | $52.3M | $17.1M | $20.5M |
| Proceeds from Sales of Assets, Investing Activities | $25.5M | — | — | — |
| Investments made in nonconsolidated affiliates | ($39.0M) | ($45.7M) | ($54.9M) | ($91.2M) |
| Purchases of property, plant and equipment | ($1.1B) | ($646.6M) | ($438.6M) | ($347.2M) |
| Cash Paid for Acquisition of Right-of-Use Assets | $20.8M | — | — | — |
| Cash paid for acquisitions, net of cash acquired | ($80.0M) | ($98.3M) | ($17.5M) | ($257.2M) |
| Purchases of intangible assets | ($7.8M) | ($8.5M) | ($36.7M) | ($6.1M) |
| Cash derecognized from sale of investments in nonconsolidated affiliates | ($1.4M) | — | — | — |
| Other, net | $13.5M | $12.2M | $15.1M | $8.6M |
| Net cash used in investing activities | ($1.2B) | ($854.3M) | ($695.8M) | ($784.7M) |
| Proceeds from debt, net of debt issuance costs | $3.7B | $1.7B | $1.1B | $122.3M |
| Payments of long-term debt including extinguishment costs | ($2.0B) | ($2.0B) | ($730.6M) | ($45.8M) |
| Contributions from noncontrolling interests | $34.6M | $3.0M | $19.6M | $15.0M |
| Distributions to noncontrolling interests | ($251.0M) | ($245.6M) | ($239.6M) | ($100.7M) |
| Purchases and sales of noncontrolling interest, net | ($883.6M) | ($69.9M) | ($113.8M) | ($48.3M) |
| Payments for capped call transactions | $0 | $0 | ($75.5M) | — |
| Proceeds from exercise of stock options | $5.1M | $26.1M | $19.3M | $35.8M |
| Taxes paid for net share settlement of equity awards | ($126.7M) | ($59.8M) | ($9.5M) | ($76.9M) |
| Common stock repurchases | $23.5M | — | — | — |
| Payments for deferred and contingent consideration | ($11.8M) | ($23.7M) | ($17.8M) | ($44.2M) |
| Other, net | ($1.7M) | ($715.0K) | ($402.0K) | ($484.0K) |
| Net cash provided by (used in) financing activities | $406.5M | ($658.5M) | ($87.3M) | ($143.3M) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | $425.5M | ($345.2M) | $38.9M | ($179.4M) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $1.0B | ($132.8M) | $626.6M | $724.6M |
| Cash, cash equivalents and restricted cash at beginning of period | $6.1B | $6.2B | $5.6B | $4.9B |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $22.9M | ($380.0M) | $827.0M | $349.0M |
| Depreciation | $221.1M | $99.6M | $281.1M | $183.8M |
| Amortization of definite-lived intangibles | $136.7M | $69.7M | $193.0M | $124.7M |
| Amortization of non-recoupable ticketing contract advances | $48.2M | $26.0M | $62.0M | $45.4M |
| Deferred income taxes | $7.5M | ($44.7M) | $69.4M | $25.1M |
| Amortization of debt issuance costs and discounts | $11.3M | $5.2M | $13.4M | $8.1M |
| Stock-based compensation expense | $94.8M | $32.8M | $126.9M | $86.1M |
| Unrealized changes in fair value of contingent consideration | $14.2M | $10.4M | $17.0M | $9.3M |
| Equity in losses of nonconsolidated affiliates, net of distributions | $14.2M | $4.6M | $16.5M | $8.8M |
| Provision for uncollectible accounts receivable | $19.0M | ($1.2M) | $19.4M | $13.5M |
| Loss (gain) on mark-to-market of investments in nonconsolidated affiliates and crypto assets | ($66.5M) | ($6.2M) | ($10.3M) | $133.0K |
| Loss (gain) on forward currency exchange contracts | ($15.2M) | ($17.3M) | — | — |
| Other, net | ($14.9M) | ($6.0M) | ($7.4M) | ($9.7M) |
| Increase in accounts receivable | ($855.2M) | $70.6M | ($753.8M) | ($622.8M) |
| Increase in prepaid expenses and other assets | ($1.2B) | ($784.0M) | ($401.1M) | ($822.5M) |
| Increase in accrued expenses, accounts payable and other liabilities | $1.5B | $281.0M | $1.0B | $225.8M |
| Increase in deferred revenue | $2.8B | $3.0B | ($4.5M) | $1.9B |
| Net cash provided by operating activities | $2.8B | $2.3B | $1.4B | $1.5B |
| Advances of notes receivable | ($8.6M) | ($1.9M) | ($58.5M) | ($19.2M) |
| Collections of notes receivable | $8.1M | $5.9M | $21.6M | $17.8M |
| Investments made in nonconsolidated affiliates | ($42.2M) | ($9.6M) | ($29.2M) | ($14.5M) |
| Purchases of property, plant and equipment | ($598.5M) | ($309.0M) | ($709.8M) | ($434.2M) |
| Cash paid for acquisition of right-of-use assets | $0 | $0 | ($20.8M) | ($20.8M) |
| Cash paid for acquisitions, net of cash acquired | ($242.6M) | ($113.2M) | ($68.3M) | ($50.1M) |
| Proceeds from sale of intangible assets | $0 | — | $20.0M | $20.0M |
| Other, net | $6.6M | $10.1M | ($12.9M) | $8.5M |
| Net cash used in investing activities | ($877.2M) | ($417.7M) | ($832.8M) | ($492.4M) |
| Proceeds from debt, net of debt issuance costs | $1.0B | $226.2M | $948.2M | $62.8M |
| Payments on debt including extinguishment costs | ($237.5M) | ($6.6M) | ($110.5M) | ($103.6M) |
| Contributions from noncontrolling interests | $27.8M | $11.3M | $14.0M | $11.3M |
| Distributions to noncontrolling interests | ($188.7M) | ($38.0M) | ($196.8M) | ($164.8M) |
| Purchases of noncontrolling interests, net | ($236.8M) | ($25.9M) | ($851.2M) | ($206.1M) |
| Proceeds from exercise of stock options | $5.1M | $783.0K | $5.1M | $3.4M |
| Taxes paid for net share settlement of equity awards | ($64.1M) | ($47.9M) | ($119.7M) | ($86.6M) |
| Payments for deferred and contingent consideration | ($18.6M) | ($1.5M) | ($11.0M) | ($14.4M) |
| Other, net | ($1.0M) | ($859.0K) | ($832.0K) | ($383.0K) |
| Net cash provided by (used in) financing activities | $308.1M | $117.5M | ($322.8M) | ($498.5M) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | ($124.4M) | ($54.6M) | $363.5M | $409.6M |
| Net increase in cash, cash equivalents and restricted cash | $2.1B | $2.0B | $657.0M | $963.5M |
| Cash, cash equivalents and restricted cash at beginning of period | $7.1B | $7.1B | $6.1B | $6.1B |
| Cash, cash equivalents and restricted cash at end of period | $9.2B | $9.1B | $6.8B | $7.1B |
Live Nation Entertainment Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.