Filing Flows › Live Nation Entertainment (LYV) › Q4 2025
Live Nation Entertainment (LYV) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
Live Nation Entertainment (LYV) reported revenue of $6.3B for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and -26% from the quarter before. Operating margin was -2.3%, net loss $136M (2.2% of revenue).
Live Nation Entertainment, Q4 2025: revenue $6.3B (+11% year over year), operating margin -2.3%, net loss $136M, operating cash flow −$53.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.3B | -26% | +11% |
| Operating profit | −$143M | -118% | — |
| Net earnings | −$136M | -132% | — |
| Operating cash flow | −$53.7M | — | — |
What changed
Revenue was $6.3B in Q4 2025, up 11% year over year and down 26% from the previous quarter.
Operating costs exceeded revenue by $0.14B, an operating margin of -2.3%. Total costs grew 9% against revenue growth of 11%. The fastest-growing cost line was SG&A (+15%). The quarter ended with a net loss of $0.14B, after a profit of $0.48B the previous quarter.
Operating cash flow was −$0.05B. Non-cash charges added back $0.16B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.11B. Capital expenditures of $0.35B exceeded it, leaving free cash flow of −$0.41B.
Questions
What was Live Nation Entertainment's revenue in the fourth quarter 2025?
Live Nation Entertainment (LYV) reported revenue of $6.3B for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and -26% from the quarter before.
Was Live Nation Entertainment profitable in the fourth quarter 2025?
Operating loss was $143M (-2.3% of revenue) and net loss $136M.