Live Nation Entertainment, Inc. (LYV)

Live Nation Entertainment is a global live entertainment company that describes itself as the largest in the world, connecting over 805 million fans across its concerts and ticketing platforms in 55 countries during 2025. It promotes and produces live music events, operates music venues, manages artists, sells tickets through Ticketmaster, and sells sponsorship and advertising. In 2025 it promoted about 55,000 events for roughly 11,000 artists, reaching 159 million fans. It says it invests nearly $15 billion annually in artist performances and is also investing in venue infrastructure worldwide.

The company reports three segments. Concerts (about $20.9 billion, or 83%, of 2025 revenue including intersegment revenue) covers promotion of live music events in owned, operated and rented venues, venue operation and management, production of music festivals (131 in 2025), content creation, and management and other services to artists (about 360 artists managed). Ticketing (about $3.1 billion, or 12%) is primarily an agency business that sells tickets for clients and retains part of the service charge. It sold about 346 million fee-bearing tickets in 2025, plus about 300 million more through its systems without a fee, and it also offers ticket resale services. Sponsorship & Advertising (about $1.3 billion, or 5%) sells naming rights, venue signage, online and in-app advertising, exclusive partner rights and custom branded events. It works with more than 1,500 sponsors such as Citibank, O2, Mastercard, Cisco, Red Bull and Anheuser Busch.

Its customers include music fans, artists, about 10,500 ticketing clients, and corporate sponsors. Ticketing clients include arenas, stadiums, festival and concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums and theaters. Tickets are sold through ticketmaster.com, livenation.com, mobile apps, other websites and retail outlets. Concert revenue is seasonally higher in the second and third quarters because of outdoor amphitheaters and festivals.

Live Nation owns, operates, has exclusive booking rights for or holds an equity interest in 460 venues: 40 owned, 412 otherwise operated and 8 equity-interest. They include stadiums, amphitheaters, arenas, theaters, clubs, outdoor festival sites and other venues, such as House of Blues, The Fillmore and Brooklyn Bowl. Of these, 333 are in North America and 127 are international. It has offices in 51 countries. Ticketing agreements with clients typically run three to five years. The company faces intense competition, and its named competitors in live music promotion include Anschutz Entertainment Group, Another Planet Entertainment, CTS Eventim and Jam Productions. Its principal executive offices are at 9348 Civic Center Drive, Beverly Hills, California, and its shares trade on the New York Stock Exchange under the symbol LYV.