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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.
2005
16.2K+
LTM Revenue $23.8B
LTM EBITDA $2.2B
$29.7B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Live Nation has a last 12-month revenue of $23.8B 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
See Live Nation valuation multiples based on analyst estimates| 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 |
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As of March 14, 2025, Live Nation's stock price is $119.
Live Nation has current market cap of $27.6B, and EV of $29.7B.
See Live Nation trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $29.7B | $27.6B | XXX | XXX | XXX | XXX | $2.84 |
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Sign UpAs of March 14, 2025, Live Nation has market cap of $27.6B and EV of $29.7B.
Live Nation's trades at 1.2x LTM EV/Revenue multiple, and 13.6x LTM EBITDA.
Analysts estimate Live Nation's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Live Nation and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $29.7B | XXX | XXX | XXX |
| EV/Revenue | 1.3x | XXX | XXX | XXX |
| EV/EBITDA | 18.4x | XXX | XXX | XXX |
| P/E | 30.8x | XXX | XXX | XXX |
| P/E/Growth | 30.7x | XXX | XXX | XXX |
| EV/FCF | 28.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpLive Nation's NTM/LTM revenue growth is 13%
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
See operational valuation multiples for Live Nation and other 10K+ public comps| 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) | 20% | 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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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| 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 |
| Parken Sport | 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 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 ).
See M&A valuation multiples| 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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Sign Up| 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, Parken Sport, CTS Eventim. |
| What is the current market cap of Live Nation? | Live Nation's current market cap is $27.6B |
| What is the current revenue of Live Nation? | Live Nation's last 12-month revenue is $23.8B. |
| 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 1.2x. |
| What is the current EV/EBITDA multiple of Live Nation? | Current EBITDA multiple of Live Nation is 13.6x. |
| 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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