NYSE$LYV

Live Nation Entertainment Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Live Nation reported Q1 2025 revenue of $3.38B with net income attributable to common of $23.2M and diluted EPS of $(0.32).

Revenue was $3.38 billion as concert activity and ticketing volumes grew ahead of the summer season. Net income attributable to common was $23.2 million though accretion on redeemable noncontrolling interests drove a $(0.32) loss per share. Concerts, ticketing, and sponsorship segments all contributed.

  • Q1 revenue $3.38B (-11% YoY on timing).
  • Net income to common $23.2M; EPS $(0.32) after NCI accretion.
  • Concert pipeline and arena bookings strong.
  • Ticketmaster primary and secondary mix.
  • Antitrust scrutiny noted in risk factors.

Headline financials

Total Revenue

$3.38B

Previous: $3.8B-11.0%
EPS (adj)

-$0.32

Previous: -$0.53+39.6%
Capital Expenditures

-$171M

Previous: -$134M-27.4%
Free Cash Flow

$216M

Previous: -$181M+219.5%
Net Income

$46.3M

Previous: -$46.7M+199.1%
Operating Income

$115M

Previous: -$36.5M+414.5%
Gross Profit

$978M

Previous: $1.15B-15.2%

Revenue & EPS history

Live Nation · Revenue · Quarterly

$3.38B

Q1 2025-11%vs Q1 2024
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Live Nation · $8.17B total across 3 segments · Q3 2023

  • Concerts
    $6.97B+31.8%
  • Ticketing
    $833M+56.6%
  • Sponsorship & Advertising
    $367M+6.9%

Forward guidance

Live Nation expects record concert activity in 2025 with AOI growth; summer stadium season drives majority of annual profit.

Tailwinds

  • Artist supply and fan demand for live events.
  • Sponsorship and onsite monetization.
  • International venue expansion.

Headwinds

  • Regulatory and DOJ antitrust actions.
  • Accretion on festival noncontrolling interests.
  • Event cancellation and weather risk.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+1.5%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+3.1%

Avg return

30 days after

63%

41 / 65 earnings

Positive

+17.6%

Q3 2021

Best reaction

-10.7%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.4%+2.4%+1.8%
Q4 2025+1.6%-1.4%-5.5%
Q3 2025-10.7%-4.9%-7.6%
Q2 2025+3.3%+7.1%+10.2%
Q1 2025+1.8%+2.1%+4.5%
Q4 2024-1.9%-6.7%-19.2%
Q3 2024+5.4%+4.9%+9.5%
Q2 2024+1.0%+2.1%+4.4%
Q1 2024+6.0%+7.9%+5.0%
Q4 2023+4.5%+2.6%+16.2%
Q3 2023-0.9%+3.0%+12.8%
Q2 2023-8.8%-11.0%-13.4%
Q1 2023+14.7%+15.4%+23.1%
Q4 2022-8.8%-4.5%-12.6%
Q3 2022-7.9%-5.1%-3.7%
Q2 2022-1.3%-3.0%-8.6%
Q1 2022-6.9%-11.3%-4.1%
Q4 2021+6.3%+3.2%-0.6%
Q3 2021+17.6%+10.8%-4.1%
Q2 2021+0.5%+7.9%+9.6%
Q1 2021+1.5%+4.0%+13.3%
Q4 2020-1.8%+0.1%-7.1%
Q3 2020+2.4%+19.2%+27.9%
Q2 2020-0.6%+6.4%+20.6%
Q1 2020+9.0%-0.9%+48.0%
Q4 2019+0.0%-5.2%-22.4%
Q3 2019-7.3%-13.0%-2.0%
Q2 2019+3.8%+1.7%-0.2%
Q1 2019+1.0%+0.2%-4.6%
Q4 2018+8.3%+8.3%+12.8%
Q3 2018+4.9%+5.9%+6.5%
Q2 2018-3.9%-6.0%-5.6%
Q1 2018+13.4%+7.3%+8.6%
Q4 2017-7.8%-9.7%-13.3%
Q3 2017+3.2%+7.0%+5.3%
Q2 2017+4.6%+4.0%+7.3%
Q1 2017+7.5%+5.8%+10.1%
Q4 2016-6.1%-7.5%-3.8%
Q3 2016+4.1%+6.5%+4.6%
Q2 2016+5.4%+1.4%+0.8%
Q1 2016+2.5%
Q4 2015+4.4%
Q3 2015-0.3%
Q2 2015+1.3%
Q1 2015+5.7%
Q4 2014-2.0%
Q3 2014+5.1%
Q2 2014-9.4%
Q1 2014+7.8%
Q4 2013+8.6%
Q3 2013-8.2%
Q2 2013+10.2%
Q1 2013+7.4%
Q4 2012+0.2%
Q3 2012+1.9%
Q2 2012+3.7%
Q1 2012+10.2%
Q4 2011-6.1%
Q3 2011-5.1%
Q3 2010-5.1%
Q2 2011+3.6%
Q1 2010-0.9%
Q1 2011-0.9%
Q2 2010-0.9%
Q4 2010+1.1%

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