NYSE$LYV

Live Nation Entertainment Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Live Nation reported Q3 2025 revenue of $8.5B with net income attributable to common stockholders of $431.5M ($0.73 per share).

Third-quarter revenue increased 11% to $8.50 billion, led by Concerts segment growth and record stadium activity. Net income attributable to common stockholders was $431.5 million; diluted EPS was $0.73.

  • Q3 revenue $8.5B (+11% YoY).
  • Net income attributable to common stockholders $431.5M.
  • Concerts, Ticketing, and Sponsorship segments all grew.
  • Fan demand and stadium activity drove operating leverage.

Headline financials

Total Revenue

$8.5B

Previous: $7.65B+11.1%
EPS (adj)

$0.73

Previous: $1.66-56.0%
Capital Expenditures

-$710M

Previous: -$492M-44.3%
Free Cash Flow

-$278M

Previous: -$39.9M-596.8%
Net Income

$431M

Previous: $452M-4.5%
Operating Income

$792M

Previous: $640M+23.9%
Gross Profit

$2.06B

Previous: $1.87B+10.2%
Cash & Equivalents

$6.75B

Previous: $5.49B+23.0%
Total Assets

$22.9B

Previous: $19.7B+15.9%

Revenue & EPS history

Live Nation · Revenue · Quarterly

$8.5B

Q3 2025+11.1%vs Q3 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

The filing discusses Live Nation Entertainment's outlook, capital deployment, and key risks without relying solely on numeric EPS guidance.

Tailwinds

  • Live Nation Entertainment cites execution on strategic priorities in the filing.
  • Balance sheet and liquidity support continued operations.

Headwinds

  • Macro, competitive, and cost pressures may affect margins.
  • Segment mix and one-time items can affect comparability.

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 Q3 2025

Historical avgQ3 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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