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Live Nation Valuation Multiples

Discover revenue and EBITDA valuation multiples for Live Nation and similar public comparables like FC Copenhagen, Grand Prix International, and Highlight Communications.

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 45 countries, Live Nation promotes concerts globally and it owns, operates, or had exclusive booking rights to nearly 400 venues worldwide at the end of 2024, which the firm says makes it the second-largest operator of music venues globally. In 2024, Live Nation promoted nearly 55,000 events, drawing more than 150 million fans. Ticketmaster is a dominant global ticketing service, selling almost 640 million tickets in 2024.


Founded

2005

HQ

United States of America
Employees

16.2K+

Financials

LTM Revenue $24.0B

LTM EBITDA $2.2B

EV

$31.9B

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Live Nation Financials

Live Nation has a last 12-month revenue of $24.0B and a last 12-month EBITDA of $2.2B.

In the most recent fiscal year, Live Nation achieved revenue of $23.2B and an EBITDA of $1.6B.

Live Nation expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Live Nation P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $22.7B $23.2B XXX XXX XXX
Gross Profit $4.3B $5.5B XXX XXX XXX
Gross Margin 19% 24% XXX XXX XXX
EBITDA $1.8B $1.6B XXX XXX XXX
EBITDA Margin 8% 7% XXX XXX XXX
Net Profit $296M $563M XXX XXX XXX
Net Margin 1% 2% XXX XXX XXX
Net Debt $297M $362M XXX XXX XXX

Financial data powered by Morningstar, Inc.

Live Nation Stock Performance

As of April 15, 2025, Live Nation's stock price is $128.

Live Nation has current market cap of $29.7B, and EV of $31.9B.

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Live Nation Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$31.9B $29.7B XXX XXX XXX XXX $2.84

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Live Nation Valuation Multiples

As of April 15, 2025, Live Nation has market cap of $29.7B and EV of $31.9B.

Live Nation's trades at 1.3x LTM EV/Revenue multiple, and 14.4x LTM EBITDA.

Analysts estimate Live Nation's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Live Nation Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $31.9B XXX XXX XXX
EV/Revenue 1.4x XXX XXX XXX
EV/EBITDA 19.7x XXX XXX XXX
P/E 33.1x XXX XXX XXX
P/E/Growth 14.0x XXX XXX XXX
EV/FCF 30.3x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Live Nation Valuation Multiples

Live Nation's NTM/LTM revenue growth is 12%

Live Nation's revenue per employee for the last fiscal year averaged $1.4M, while opex per employee averaged $0.3M for the same period.

Over next 12 months, Live Nation's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Live Nation's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Live Nation Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 2% XXX XXX XXX XXX
EBITDA Margin 7% XXX XXX XXX XXX
EBITDA Growth -8% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 19% XXX XXX XXX XXX
Revenue per Employee $1.4M XXX XXX XXX XXX
Opex per Employee $0.3M XXX XXX XXX XXX
S&M Expenses to Revenue 0% XXX XXX XXX XXX
G&A Expenses to Revenue 17% XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 22% XXX XXX XXX XXX

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Live Nation Public Comps

See public comps and valuation multiples for Events and Leisure & Recreation comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Grand Prix International XXX XXX XXX XXX XXX XXX
Miss Grand International XXX XXX XXX XXX XXX XXX
FC Copenhagen XXX XXX XXX XXX XXX XXX
CTS Eventim XXX XXX XXX XXX XXX XXX
Highlight Communications 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 and Investment Activity

Live Nation acquired  XXX companies to date.

Last acquisition by Live Nation was  XXXXXXXX, XXXXX XXXXX XXXXXX . Live Nation acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Live Nation

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About 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 of America.
How many employees does Live Nation have? As of today, Live Nation has 16.2K+ employees.
Who is the CEO of Live Nation? Live Nation's CEO is Mr. Michael Rapino.
Is Live Nation publicy listed? Yes, Live Nation is a public company listed on NYS.
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? Similar companies to Live Nation include e.g. Grand Prix International, Miss Grand International, FC Copenhagen, CTS Eventim.
What is the current market cap of Live Nation? Live Nation's current market cap is $29.7B
What is the current revenue of Live Nation? Live Nation's last 12-month revenue is $24.0B.
What is the current EBITDA of Live Nation? Live Nation's last 12-month EBITDA is $2.2B.
What is the current EV/Revenue multiple of Live Nation? Current revenue multiple of Live Nation is 1.3x.
What is the current EV/EBITDA multiple of Live Nation? Current EBITDA multiple of Live Nation is 14.4x.
What is the current revenue growth of Live Nation? Live Nation revenue growth between 2023 and 2024 was 2%.
Is Live Nation profitable? Yes, Live Nation is EBITDA-positive (as of the last 12 months).

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