Company profile
SEC EDGAR ↗- Industry
- Services-Amusement & Recreation Services
- Listed
- NYSE: LYV
- Incorporated
- DE
- Headquarters
- Beverly Hills, CA
- Fiscal year end
- Dec 31
Financials
FY2025- Revenue
- $25.2B
- Net income
- $690.7M
- Total assets
- $22.9B
| Fiscal year | Revenue | Net income | Total assets |
|---|---|---|---|
| FY2025 | $25.2B | $690.7M | $22.9B |
| FY2024 | $23.2B | $1.13B | $19.6B |
| FY2023 | $22.7B | $703.8M | $19.0B |
| FY2022 | $16.7B | $374.6M | $16.5B |
| FY2021 | $6.27B | −$608.8M | $14.4B |
| FY2020 | $1.86B | −$1.72B | $10.6B |
Reported fiscal years from SEC filings (10-K) — SEC EDGAR ↗. Stratrix is a strategy publication, not a real-time financial data service.
The analyses
The Crisis Response · Crisis & Reinvention
Live Nation Settled With the DOJ and Lost Anyway. The States Called the Bluff.
Live Nation cut a deal with the DOJ one week into trial—no breakup, no fine, no admission. Live Nation separately created a $280 million fund to settle states' damages claims as part of that deal. Then 33 state AGs refused the deal anyway, took the case to a jury, and won a monopoly finding on every count.
8 min
The Crisis Response · Crisis & Reinvention
Ticketmaster Blamed the Bots. The Real Problem Was the Building It Was Standing In.
When the Eras Tour presale crashed in 2022, Ticketmaster pointed at bots and "unprecedented demand." But AEG, the tour's own promoter, said it had no choice but to use Ticketmaster — and that admission, not the crash, is what unraveled the company.
8 min
The Cross-Subsidy · Business Model
Live Nation's 150 Venues Earn 2.5x the Per-Fan Profit — and Prop Up Every Other Leg
Live Nation owns roughly 150 U.S. venues — about 4% of the market — yet those rooms earn 2.5x the per-fan profit of rival venues, anchor a $1.2B sponsorship franchise, and hand Ticketmaster its leverage. Strip the venues and both other legs collapse.
8 min