How does Live Nation Entertainment (LYV) make money?

Live Nation Entertainment (LYV) generates revenue primarily from Concerts, which accounted for 63.6% of total revenue in TTM through Q1 2026. The company reported $25.6B in revenue and converted 0.3% of it into net profit, equivalent to roughly $83.7M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Live Nation Entertainment (LYV)?

Live Nation Entertainment (LYV) reported a gross profit margin of 44.7% in TTM through Q1 2026, equivalent to $11.5B in gross profit on $25.6B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Live Nation Entertainment (LYV)?

Live Nation Entertainment (LYV) reported an operating profit margin of 5.5% in TTM through Q1 2026, equivalent to $1.4B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Live Nation Entertainment (LYV)?

Live Nation Entertainment (LYV) reported a net profit margin of 0.3% in TTM through Q1 2026, equivalent to $83.7M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Live Nation Entertainment (LYV) profitable?

Yes. Live Nation Entertainment (LYV) reported $83.7M in net income for TTM through Q1 2026, with a net profit margin of 0.3%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Live Nation Entertainment (LYV) spend on capital expenditures?

Live Nation Entertainment (LYV) spent $1.18B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 4.6% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Live Nation Entertainment (LYV) generate?

Live Nation Entertainment (LYV) generated $1.23B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 4.8%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Live Nation Entertainment (LYV)?

Live Nation Entertainment (LYV) had an effective tax rate of 52.1% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Live Nation Entertainment (LYV)?

Live Nation Entertainment (LYV) reports revenue across 3 reportable product segments, led by Concerts at 63.6% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Live Nation Entertainment Makes Money: 2026 Visual Revenue Map

Live Nation Entertainment (LYV) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 5, 2026).

Live Nation Entertainment discloses geographic revenue only in annual filings. to view the full breakdown.

Live Nation Entertainment (LYV) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Live Nation Entertainment (LYV), TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Concerts	$16.3B	63.6%
Sponsorship and Advertising	$7.51B	29.3%
Ticketing	$1.81B	7.1%
Total	$25.6B	100%

Concerts$16.3B
Sponsorship and Advertising$7.51B
Ticketing$1.81B
Total$25.6B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Live Nation Entertainment (LYV) reports revenue across 3 reportable product segments; the largest segment was Concerts at 63.6%, followed by Sponsorship and Advertising (29.3%) and Ticketing (7.1%).

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