LYVLive Nation Entertainment, Inc.
Services-Amusement & Recreation Services
- Revenue
- $25.2B
- 8.8% YoY
- Operating margin
- 5.0%
- 39% YoY
- EBITDA
- $1.9B
- 38% YoY
- Market cap
- $41.9B
- Employees
- 830
- $30M revenue each
- Net debt / EBITDA
- 0.1×
- $130M net debt
- AI in 10-K
- 0.0
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo0 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$33M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo281% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo2% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo11% of assetsOver 40% of assets
- Shareholder dissentNo87% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$30M · 100th pctBottom quartile of its SIC industry
- Quiet on AIYes0.0 per 10K words · 0th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo0.1× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$41.9B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$27M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $6.3B | $16.7B | $22.7B | $23.2B | $25.2B | 8.8% |
| Operating income | −$418M | $722M | $1.1B | $825M | $1.3B | 52% |
| Net income | −$651M | $266M | $557M | $896M | $496M | 45% |
| Operating cash flow | $1.8B | $1.8B | $1.4B | $1.7B | $1.4B | 19% |
| Capex | $153M | $347M | $439M | $647M | $1.1B | 64% |
| Stock-based comp | $209M | $110M | $116M | $110M | $155M | 41% |
| Buybacks | — | — | $0 | $0 | $24M |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $27M · 13
- Net
- −$27M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $33M | $52M | 194 | 82 |
| FY2024 | $33M | $94M | 176 | 80 |
| FY2023 | $23M | $68M | 127 | 59 |
| FY2022 | $139M | $36M | 95 | 35 |
| FY2021 | $14M | $84M | 163 | 106 |