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Live Nation Entertainment vs TKO Group Holdings: LYV and TKO compared
Live Nation Entertainment is the larger company: $10.1B of revenue in its latest quarter (Q3 2026) against $1.4B for TKO Group Holdings (Q3 2026). TKO Group Holdings is growing faster (+22% against +19% a year earlier). TKO Group Holdings is more profitable, with an operating margin of 27.8% against 8.8%.
Where the money goes: LYV and TKO
Live Nation Entertainment (LYV) · Q3 2026
Live Nation Entertainment, Q3 2026: revenue $10.1B (+19% year over year), operating margin 8.8%, net earnings $448M, operating cash flow −$658M. The chart follows the revenue to costs, profit and cash.
TKO Group Holdings (TKO) · Q3 2026
TKO Group Holdings, Q3 2026: revenue $1.4B (+22% year over year), operating margin 27.8%, net earnings $98.7M, operating cash flow $472M. The chart follows the revenue to costs, profit and cash.
| Live Nation Entertainment (LYV) | TKO Group Holdings (TKO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $10.1B | $1.4B |
| Revenue growth, Y/Y | +19% | +22% |
| Operating margin | 8.8% | 27.8% |
| Net earnings | $448M | $98.7M |
| Net margin | 4.4% | 7.3% |
| Operating cash flow | −$658M | $472M |
| Free cash flow | — | $450M |
| Market value | $46.5B | $14.0B |
| P/E | 102.5× | 51.1× |
| Analysts’ mean target | $202.36 | $232.37 |
Questions
Which is bigger, Live Nation Entertainment or TKO Group Holdings?
Live Nation Entertainment is the larger company: $10.1B of revenue in its latest quarter (Q3 2026) against $1.4B for TKO Group Holdings (Q3 2026).
Is Live Nation Entertainment or TKO Group Holdings growing faster?
TKO Group Holdings is growing faster (+22% against +19% a year earlier).
Which is more profitable, Live Nation Entertainment or TKO Group Holdings?
TKO Group Holdings is more profitable, with an operating margin of 27.8% against 8.8%.
More: Live Nation Entertainment earnings · how Live Nation Entertainment makes money · TKO Group Holdings earnings · how TKO Group Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.