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Live Nation Valuation Multiples
Discover revenue and EBITDA valuation multiples for Live Nation and similar public comparables like Universal Music, Oriental Land, Liberty Media, Warner Music Group and more.
Live Nation Overview
About Live Nation
Live Nation is the largest live entertainment company in the world, serving as a concert promoter, venue operator, and ticketing platform. In addition, the firm generates revenue from sponsorships and advertising. With offices in 51 countries, Live Nation promotes concerts globally and it owned, operated, or had exclusive booking rights to more than 400 venues worldwide at the end of 2025, which the firm says makes it the second-largest operator of music venues globally. In 2025, Live Nation promoted nearly 55,000 events, drawing roughly 160 million fans. Ticketmaster is a dominant global ticketing service, selling nearly 650 million tickets in 2025.
Founded
2005
HQ
Employees
34.7K
Website
Financials (LTM)
EV
$40B
Live Nation Financials
Live Nation reported last 12-month revenue of $26B and EBITDA of $2B.
In the same LTM period, Live Nation generated $7B in gross profit, $2B in EBITDA, and $484M in net income.
Revenue (LTM)
Live Nation P&L
In the most recent fiscal year, Live Nation reported revenue of $25B and EBITDA of $2B.
Live Nation expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $26B | XXX | $25B | XXX | XXX | XXX |
| Gross Profit | $7B | XXX | $6B | XXX | XXX | XXX |
| Gross Margin | 26% | XXX | 26% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| EBIT Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| Net Profit | $484M | XXX | $496M | XXX | XXX | XXX |
| Net Margin | 2% | XXX | 2% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Live Nation Stock Performance
Live Nation has current market cap of $37B, and enterprise value of $40B.
Market Cap Evolution
Live Nation's stock price is $155.75.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $40B | $37B | 0.0% | XXX | XXX | XXX | $2.11 |
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Start Free TrialLive Nation Valuation Multiples
Live Nation trades at 1.5x EV/Revenue multiple, and 16.4x EV/EBITDA.
EV / Revenue (LTM)
Live Nation Financial Valuation Multiples
As of April 9, 2026, Live Nation has market cap of $37B and EV of $40B.
Equity research analysts estimate Live Nation's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Live Nation has a P/E ratio of 75.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $37B | XXX | $37B | XXX | XXX | XXX |
| EV (current) | $40B | XXX | $40B | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | 16.4x | XXX | 16.9x | XXX | XXX | XXX |
| EV/EBIT | 30.4x | XXX | 31.9x | XXX | XXX | XXX |
| EV/Gross Profit | 6.0x | XXX | 6.2x | XXX | XXX | XXX |
| P/E | 75.5x | XXX | 73.7x | XXX | XXX | XXX |
| EV/FCF | 31.3x | XXX | 30.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Live Nation Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Live Nation Margins & Growth Rates
Live Nation's revenue in the last 12 month grew by 9%.
Live Nation's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.1M for the same period.
Live Nation's rule of 40 is 19% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Live Nation's rule of X is 32% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Live Nation Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | 11% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 19% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 32% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 21% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Live Nation Public Comps
See public comps and valuation multiples for other Events and Lifestyle & Recreation comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Universal Music | XXX | XXX | XXX | XXX | XXX | XXX |
| Oriental Land | XXX | XXX | XXX | XXX | XXX | XXX |
| Liberty Media | XXX | XXX | XXX | XXX | XXX | XXX |
| Warner Music Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Tencent Music Entertainment | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Live Nation M&A Activity
Live Nation acquired XXX companies to date.
Last acquisition by Live Nation was on XXXXXXXX, XXXXX. Live Nation acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Live Nation
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialLive Nation Investment Activity
Live Nation invested in XXX companies to date.
Live Nation made its latest investment on XXXXXXXX, XXXXX. Live Nation invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Live Nation
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Live Nation
| When was Live Nation founded? | Live Nation was founded in 2005. |
| Where is Live Nation headquartered? | Live Nation is headquartered in United States. |
| How many employees does Live Nation have? | As of today, Live Nation has over 34K employees. |
| Who is the CEO of Live Nation? | Live Nation's CEO is Michael Rapino. |
| Is Live Nation publicly listed? | Yes, Live Nation is a public company listed on NYSE. |
| What is the stock symbol of Live Nation? | Live Nation trades under LYV ticker. |
| When did Live Nation go public? | Live Nation went public in 2005. |
| Who are competitors of Live Nation? | Live Nation main competitors are Universal Music, Oriental Land, Liberty Media, Warner Music Group. |
| What is the current market cap of Live Nation? | Live Nation's current market cap is $37B. |
| What is the current revenue of Live Nation? | Live Nation's last 12 months revenue is $26B. |
| What is the current revenue growth of Live Nation? | Live Nation revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Live Nation? | Current revenue multiple of Live Nation is 1.5x. |
| Is Live Nation profitable? | Yes, Live Nation is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Live Nation? | Live Nation's last 12 months EBITDA is $2B. |
| What is Live Nation's EBITDA margin? | Live Nation's last 12 months EBITDA margin is 9%. |
| What is the current EV/EBITDA multiple of Live Nation? | Current EBITDA multiple of Live Nation is 16.4x. |
| What is the current FCF of Live Nation? | Live Nation's last 12 months FCF is $1B. |
| What is Live Nation's FCF margin? | Live Nation's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of Live Nation? | Current FCF multiple of Live Nation is 31.3x. |
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