선택적 제품 분석
허용하는 경우 개인정보 보호를 고려한 제한적 분석을 사용해 어떤 리서치 여정이 효과적인지 파악합니다. 광고 추적기나 세션 녹화는 사용하지 않습니다. 환경설정에서 이 선택을 변경할 수 있습니다. 자세한 내용은 개인정보 처리방침.
Live Nation Entertainment, Inc.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $39.3B | |
|---|---|---|
| P/E (forward) | 119.0x |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $6.27B | $16.68B | $22.73B | $23.16B | $25.20B | +41.6% |
| Gross profit | $1.91B | $4.33B | $5.48B | $5.83B | $5.80B | +32.0% |
| Operating income | $-417.9M | $722.0M | $1.08B | $824.5M | $1.25B | — |
| Net income | $-650.9M | $266.4M | $556.9M | $896.3M | $496.0M | — |
| EPS (diluted) | $-3.09 | $0.52 | $1.34 | $2.74 | $-0.24 | — |
| EBITDA | $87.5M | $1.22B | $1.78B | $1.62B | $2.07B | +120.7% |
| R&D | $18.8M | $10.3M | — | — | — | -45.0% |
| SG&A | $1.75B | $2.96B | $3.52B | $4.04B | $4.09B | +23.6% |
Recent company headlines from major financial publishers.
The base case reflects the house modal forecast where Live Nation's integrated promotion and ticketing ecosystem delivers steady top-line growth through FY2027 before moderating toward terminal growth. Operating margins expand through FY2030, driven by operating leverage in ticketing and sponsorship. Reinvestment moderates as venue buildouts complete across 2026-2027, allowing free cash flow to inflect through FY2030. Discounted at WACC with net debt deduction, Fair value is $46.58.
In the bull case scenario, rapid international arena expansion and sustained consumer demand for live stadium experiences drive top-line revenue beyond consensus expectations by FY2027. Enhanced on-site monetization across food, beverage, and premium hospitality expands operating margins, while Ticketmaster enterprise partnerships optimize inventory yield. Accelerated completion of the venue buildout lowers capital reinvestment of NOPAT, unlocking annual free cash flow expansion and supporting an intrinsic equity valuation of $59.09.
| Ke ↓ / g → | 2.3% | 2.5% | 2.8% | 3.0% | 3.3% |
|---|---|---|---|---|---|
| 7.4% | $53.3 | $54.9 | $56.6 | $58.5 | $60.6 |
| 7.9% | $49.8 | $51.1 | $52.5 | $54.0 | $55.7 |
| 8.4% | $46.9 | $47.9 | $46.6 | $50.3 | $51.6 |
| 8.9% | $44.4 | $45.2 | $46.2 | $47.2 | $48.3 |
| 9.4% | $42.1 | $42.9 | $43.7 | $44.5 | $45.5 |
Upcoming earnings date and setup when available.
매월 발행된 리서치 판이 부여한 등급입니다. 등급은 분석 시점의 가격을 공정 가치와 비교한 것이며, 판단이 맞았는지에 대한 기록이 아닙니다.
| 연도 | 1월 | 2월 | 3월 | 4월 | 5월 | 6월 | 7월 | 8월 | 9월 | 10월 | 11월 | 12월 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
