Live Nation Entertainment, Inc.
149.19-1.88 (-1.24%)
Oct 29, 4:00:02 PM EDT · NYSE · LYV · USD
Key Stats
Market Cap
34.60BP/E (TTM)
63.22Basic EPS (TTM)
2.36Dividend Yield
0%Recent Filings
8-K
Live Nation refinances debt facilities
Live Nation Entertainment entered into an amended and restated credit agreement on October 21, 2025, establishing $1.3 billion in revolving facilities, a $700 million delayed draw term loan A, and a fully drawn $1.3 billion term loan B to refinance prior debt and support general corporate needs, including venue expansions. Interest rates tie to Term SOFR plus margins starting at 1.50% for revolving loans, with maturities stretching to 2030 and 2032, but potentially accelerating if 2027 notes exceed $500 million amid low cash. The deal imposes a net debt to EBITDA covenant stepping down from 6.75x starting March 2026. Covenants restrict dividends and acquisitions, risking acceleration on breach.
8-K
LYV closes $1.3B notes offering
Live Nation Entertainment closed its $1.3 billion offering of 2.875% convertible senior notes due 2031 on October 10, 2025, with an option for $100 million more. Proceeds will redeem all 5.625% senior notes due 2026 on November 8 and repay existing term loans and revolvers, while funding general purposes like new venues. This refinancing cuts interest costs yet adds dilution risk from conversions at $224.93 per share. Forward-looking plans hinge on market conditions.
8-K
Live Nation ups OCESA stake
Live Nation Entertainment completed its acquisition of an additional 24% stake in OCESA from CIE on August 19, 2025, for a cash payment of approximately 12,118.6 million Mexican pesos ($651.5 million). Financed by cash on hand and revolver borrowings, this boosts Live Nation's ownership to 75% in the Mexican entertainment promoter. The deal strengthens Live Nation's Latin American footprint. Post-closing adjustments loom.
8-K
Record Q2 revenue surges 16%
Live Nation Entertainment reported Q2 2025 revenue of $7 billion, up 16% year-over-year, fueled by record concert profitability with adjusted operating income of $359 million, surging 33%, and global attendance climbing 14% to 44 million fans, including tripled stadium crowds. International markets drove double-digit gains in ticket sales and sponsorship, while venue expansions added capacity for six million more fans annually. Momentum builds toward double-digit full-year AOI growth. Yet tariffs pose minimal cost risks.
10-Q
Q2 FY2025 results
Live Nation's Q2 revenue surged 16% year-over-year to $7.0B, propelled by a 19% jump in Concerts to $5.9B from more stadium shows and 14% higher fan attendance at 44.1 million, while operating income edged up 4% to $486.7M amid higher acquisition costs. Gross margins held steady at 25.6%, but diluted EPS dipped to $0.41 from $1.03, reconciling to basic EPS of $0.41 after $147.8M redeemable noncontrolling interest accretion and no convertible debt effects. Year-to-date, revenue rose 6% to $10.4B with operating income up 42% to $601.4M, bolstered by $1.5B in operating cash flow and $1.1B free cash flow after $434M capex. Cash swelled to $7.1B against $6.5B net debt, including a $1.0B term loan B at SOFR+1.75% maturing 2026 and $1.7B revolver availability; recent Latin American acquisitions added $108.8M goodwill and $186.8M intangibles over 7 years on average. Antitrust suits from the DOJ and class actions loom over ticketing dominance.
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