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.
Decisions on record
2 verified Decision Records on Live Nation, and the casebook each one belongs to.
| Fork date | Decision type | What Live Nation chose | Where it stood | The story | Casebook |
|---|---|---|---|---|---|
| 2022 | Crisis Response | Blame bots and demand | A separate consumer class action seeking $5 billion in damages was filed in the same court (2026-04) | Read the story → | Crisis Response Casebook → |
| 2026 | Crisis Response | Settle with DOJ | A federal jury found Live Nation and Ticketmaster liable on every antitrust count and found a $1.72 per-ticket overcharge across 21 states (2026-04) | Read the story → | Crisis Response Casebook → |
Run one of these yourself
The decisions Live Nation faced, as kits you can run.
Each pack takes one of these decisions and gives you the framework, a deck for the room, a model that resolves to one number, and the sourced cases behind it. $499, one-time.
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