LIVE NATION ENTERTAINMENT, INC.
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 8,200 | 96.8 |
| Stockholders' equity | 271 | 3.2 |
| Total capitalization | 8,471 | 100.0 |
235,633,860 shares outstanding at 23 July 2026 (cover page of the 10-Q filed 30 July 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 8,200 |
| Long-term debt, noncurrent | 7,612 |
| Current maturities | 588 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 450,000,000 |
| Common shares issued | 235,995,577 |
| Par or stated value per share ($) | 0.01 |
| Outstanding at 7/23/26 | 235,633,860 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | – | – |
| 2024 | – | – |
| 2023 | – | – |
| 2022 | – | – |
| 2021 | – | – |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware. Formerly known as Live Nation, Inc. (to 26 January 2010); CCE Spinco, Inc. (to 10 January 2006).
BUSINESS: Classified by the SEC under Standard Industrial Classification 7900, Services-Amusement & Recreation Services. Large accelerated filer. Principal executive office: 9348 Civic Center Drive, Beverly Hills, CA 90210. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 25,201 | 23,156 | 22,726 |
| Selling, general and administrative | 4,092 | 4,044 | 3,517 |
| Depreciation and amortization | 639 | 550 | 517 |
| Operating income | 1,251 | 825 | 1,085 |
| Interest expense | 316 | 326 | 350 |
| Income before income taxes | 1,031 | 739 | 913 |
| Income taxes | 340 | (392) | 209 |
| Net income | 496 | 896 | 557 |
| Earned per share, diluted ($) | (0.24) | 2.74 | 1.34 |
| Dividends per share ($) | – | – | – |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 7,094 | 6,095 |
| Receivables, net | 2,009 | 1,747 |
| Inventories | 57 | 50 |
| Total current assets | 10,974 | 9,290 |
| Property, plant and equipment, net | 3,416 | 2,442 |
| Goodwill | 2,889 | 2,621 |
| Total assets | 22,913 | 19,639 |
| Total current liabilities | 11,029 | 9,358 |
| Long-term debt | 7,612 | 6,177 |
| Stockholders' equity | 271 | 173 |
| Total liabilities and equity | 22,913 | 19,639 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 25,201 | 1,251 | 496 | 2.0 | (0.24) | – | 1,395 | 1,062 | 334 | 22,913 | 22,018d | 8,200 | 271 | 183.0 | 30.26 |
| 12/31/24 | 23,156 | 825 | 896 | 3.9 | 2.74 | – | 1,725 | 647 | 1,079 | 19,639 | 18,820d | 6,438 | 173 | 517.3 | 37.16 |
| 12/31/23 | 22,726 | 1,085 | 557 | 2.5 | 1.34 | – | 1,363 | 439 | 924 | 19,030 | 18,478d | 6,593 | (52) | -1064.7 | -126.06 |
| 12/31/22 | 16,681 | 722 | 266 | 1.6 | 0.52 | – | 1,835 | 347 | 1,488 | 16,461 | 16,396d | 5,903 | (368) | -72.5 | -16.06 |
| 12/31/21 | 6,268 | (418) | (651) | -10.4 | (3.09) | – | 1,781 | 153 | 1,628 | 14,402 | 14,595d | 5,731 | (583) | 111.7 | -9.84 |
| 12/31/20 | 1,861 | (1,653) | (1,725) | -92.7 | (8.12) | – | (1,083) | 214 | (1,297) | 10,589 | 10,723d | 4,909 | (472) | 365.5 | -10.40 |
| 12/31/19 | 11,548 | 325 | 70 | 0.6 | (0.02) | – | 470 | 324 | 146 | 10,976 | 9,512d | 3,309 | 1,146 | 6.1 | 2.89 |
| 12/31/18 | 10,788 | 273 | 60 | 0.6 | (0.09) | – | 942 | 240 | 702 | 8,497 | 7,154d | 2,815 | 1,099 | 5.5 | 2.56 |
| 12/31/17 | 9,687 | 91 | (6) | -0.1 | (0.48) | – | 624 | 238 | 385 | 7,504 | 6,086d | 2,300 | 1,181 | -0.5 | 1.95 |
| 12/31/16 | 7,826 | 195 | 3 | 0.0 | (0.23) | – | 599 | 174 | 425 | 6,764 | 5,415d | 2,313 | 1,126 | 0.3 | 2.05 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
Live Nation Entertainment, Inc.
CIK 1335258 · EIN 20-3247759
PRINCIPAL OFFICE:
9348 Civic Center Drive, Beverly Hills, CA 90210
Tel.: 310-867-7200
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
7900 · Services-Amusement & Recreation Services
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 19 February 2026
FORMER NAMES:
Live Nation, Inc.; CCE Spinco, Inc.
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/19/26) · 10-K FY2024 (filed 2/21/25) · 10-K FY2023 (filed 2/22/24) · 10-K FY2022 (filed 2/23/23) · 10-K FY2021 (filed 2/23/22) · 10-K FY2020 (filed 3/1/21) · 10-K FY2019 (filed 2/27/20) · 10-K FY2018 (filed 2/28/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.