Filing Flows › Live Nation Entertainment (LYV) › Q2 2025
Live Nation Entertainment (LYV) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Live Nation Entertainment (LYV) reported revenue of $7.0B for the second quarter 2025 (Q2 2025), +16% from a year earlier and +107% from the quarter before. Operating margin was 6.9%, net earnings $243M (3.5% of revenue).
Live Nation Entertainment, Q2 2025: revenue $7.0B (+16% year over year), operating margin 6.9%, net earnings $243M, operating cash flow $223M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.0B | +107% | +16% |
| Operating profit | $487M | +324% | +4% |
| Net earnings | $243M | +949% | -18% |
| Operating cash flow | $223M | -83% | -46% |
What changed
Revenue was $7.0B in Q2 2025, up 16% year over year and up 107% from the previous quarter.
Operating profit was $0.49B, a 6.9% margin (down 0.8 points year over year). Of the extra revenue versus a year earlier, 2% reached operating profit, below the 8% margin then. Total costs grew 17% against revenue growth of 16%. The fastest-growing cost line was Other operating costs (+19%). Net earnings were $0.24B, down 18% year over year. The effective tax rate was 28.0%.
Operating cash flow was $0.22B (down 46% year over year), 74% of net income including minority interests. Non-cash charges added back $0.16B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items used $0.30B. Capital expenditures of $0.26B exceeded it, leaving free cash flow of −$0.04B.
Questions
What was Live Nation Entertainment's revenue in the second quarter 2025?
Live Nation Entertainment (LYV) reported revenue of $7.0B for the second quarter 2025 (Q2 2025), +16% from a year earlier and +107% from the quarter before.
Was Live Nation Entertainment profitable in the second quarter 2025?
Operating profit was $487M (6.9% of revenue) and net earnings $243M.