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Live Nation Entertainment (LYV) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Live Nation Entertainment (LYV) Q3 2026 earnings results →
Q3 2026 Revenue up 19% year over year to $10.1B · 4¢ of every $1 of revenue kept as net profit · operating margin 8.8%
Live Nation Entertainment made $10.1B in Q3 2026 (+19% Y/Y). Operating margin 8.8%, net earnings $448M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $10.1B in Q3 2026, up 19% year over year and up 32% from the previous quarter.
Operating profit was $0.89B, a 8.8% margin (down 0.5 points year over year). Of the extra revenue versus Q3 2025, 6% reached operating profit, below the 9% margin then. Total costs grew 20% against revenue growth of 19%. The fastest-growing cost line was Other operating costs (+20%). Net earnings were $0.45B, up 4% year over year. The effective tax rate was 31.3%.
Operating cash flow was −$0.66B. Non-cash charges added back $0.18B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $1.5B. Capital expenditures of $0.20B exceeded it, leaving free cash flow of −$0.86B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $10.1B | +19% | 8.8% | $448M | −$658M |
| Q2 2026 | 10-Q | Jul 30, 2026 | $7.7B | +9% | 6.8% | $294M | $419M |
| Q1 2026 | 10-Q | May 5, 2026 | $3.8B | +12% | -9.8% | −$380M | $2.3B |
| Q4 2025 | 10-K | Feb 19, 2026 | $6.3B | +11% | -2.3% | −$136M | −$53.7M |
| Q3 2025 | 10-Q | Nov 4, 2025 | $8.5B | +11% | 9.3% | $431M | −$95.7M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $7.0B | +16% | 6.9% | $243M | $223M |
| Q1 2025 | 10-Q | May 1, 2025 | $3.4B | -11% | 3.4% | $23.2M | $1.3B |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Live Nation Entertainment
We believe that we are the largest live entertainment company in the world, connecting over 805 million fans across all of our concerts and ticketing platforms in 55 countries during 2025. We believe we are the largest producer of live music concerts in the world, based on total fans that attend Live Nation events as compared to events of other promoters, connecting 159 million fans to over 11,000 artists at 55,000 events in 2025. Live Nation owns, operates, has exclusive booking rights for or has an equity interest in 460 venues globally, including House of Blues ® music venues and prestigious locations such as The Fillmore ® in San Francisco, Brooklyn Bowl ® in New York City , the Hollywood Palladium in Los Angeles, the Moody Center © arena in Austin, the Ziggo Dome in Amsterdam, 3Arena in Dublin, Royal Arena in Copenhagen and Spark Arena in Auckland.
In its own words, from its 10-K, filed Feb 19, 2026.
Live Nation Entertainment against its Services-Amusement & Recreation Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +19% against the peers' median +10%. Operating margin: 8.8% against the peers' median 7.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| LYV Live Nation Entertainment | Q3 2026 | $10.1B | +19% | 8.8% |
| WMG Warner Music Group | Q3 FY26 | $1.9B | +10% | 16.4% |
| TKO TKO Group Holdings | Q3 2026 | $1.4B | +22% | 27.8% |
| FUN Six Flags Entertainment | Q3 2026 | $1.2B | -11% | -25.6% |
| ACEL Accel Entertainment | Q3 2026 | $364M | +10% | 7.9% |
| BATRA Atlanta Braves Holdings | Q3 2026 | $325M | +4% | 2.7% |
| LUCK Lucky Strike Entertainment | Q1 FY27 | $303M | +4% | 9.3% |
| SPHR Sphere Entertainment | Q3 2026 | $274M | +4% | -87.7% |
| LLYVA Liberty Live Holdings | Q3 2026 | $106M | +72% | -11.0% |
Source: Live Nation Entertainment 10-Q on SEC EDGAR · CIK 1335258 · Services-Amusement & Recreation Services
Guidance and outlook
13F: who owns LYV and who is buying
More on LYV
- How Live Nation Entertainment makes money: revenue by segment
- Live Nation Entertainment next earnings date and what analysts expect
- Live Nation Entertainment stock forecast, price target and fair value
- Who owns Live Nation Entertainment stock: holders, funds and Congress trades
- Live Nation Entertainment guidance and outlook
- Is Live Nation Entertainment a takeover target? LBO and rumors
- Live Nation Entertainment recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results