Live Nation's 2025 revenue up 9%, slightly beats estimates

Live Nation Entertainment

19/02/2026 21:15

Overview

Live entertainment firm's 2025 revenue grew 9%, slightly beating analyst expectations

Operating income rose 52% to $1.3 bln, while adjusted operating income grew 10%

Concerts AOI increased 30% with record fan attendance of 159 mln

Outlook

Live Nation expects double-digit AOI growth for concerts in 2026

Venue Nation to host over 70 million fans in 2026, up high-single to low-double digits

2026 capital expenditures expected to be $1.1 to $1.2 bln

Result Drivers

ARTIST INVESTMENT - Live Nation invested nearly $15 bln in artists and shows, reinforcing its position as a leading financial supporter of artists

FAN ATTENDANCE - Fan attendance increased 5% to 159 million, driven by growth in activity at stadiums and across international markets

SPONSORSHIP GROWTH - Sponsorship AOI grew 11% to $845 million driven by strength across both online and onsite brand activity

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Slight Beat*
$25.20 bln
$25.01 bln (25 Analysts)
FY EPS
-$0.24


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the entertainment production peer group is "buy"

Wall Street's median 12-month price target for Live Nation Entertainment Inc is $170.00, about 9.1% above its February 18 closing price of $155.78

Press Release: ID:nPn4xdyZRa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)