Live Nation Entertainment (LYV)
NYSECommunication ServicesEntertainmentSnapshot 2026-07-07
$183.84+0.30%
Close 2026-07-07 · 1-day change
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Track LYV free→Live Nation aims for double-digit growth in operating income in 2026. Revenue is expected to grow about 12% this year. The company plans $1.1 to $1.2 billion in capital spending to expand venues. New deals and partnerships support fan growth at venues.
Live Nation is still loss-making with recent earnings misses. Legal costs and high debt could hurt profits. Capital spending may pressure cash flow. Revenue growth could slow if fan growth weakens.
The price is about 16% above our fair value near $133. Analysts expect 12% revenue growth. Our fair value is 33% below the Street median, so the market is somewhat optimistic.
Breaks if: Capex falls below $900 million or exceeds $1.3 billion in FY26
Live Nation plans to allocate $1.1 to $1.2 billion in capital expenditures for 2026, focusing on venue expansion.
Stated in 3 of last 3 quarters. Q1 capital expenditures totaled $249 million, aligning with the full-year guidance of $1.1 to $1.2 billion. The company is on track with its capital allocation strategy, focusing on venue expansion and enhancement projects.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“2026 capital expenditures expected to be $1.1 to $1.2 billion.”
“2025 full year capital expenditures estimated to be $900 million to $1 billion.”
“2025 capital expenditures estimated to be $900 million to $1 billion.”
Breaks if: Adjusted operating income growth falls below 5% YoY in FY26
Live Nation aims for double-digit growth in operating income and adjusted operating income in 2026.
Stated in 4 of last 4 quarters. Adjusted operating income grew 9% in 2026-Q1, reaching $371 million. Despite a $450 million legal accrual impacting operating income, the company is delivering on its double-digit growth target.
“On pace to grow adjusted operating income by double-digits this year.”
“Positioned for another year of double-digit operating income and AOI growth in 2026.”
“Clear path for double-digit operating income and AOI growth this year.”
“Positioned to grow operating income and AOI by double-digits this year.”
Breaks if: Revenue growth falls below 7% YoY in FY26
Live Nation aims for double-digit growth in operating income and adjusted operating income in 2026.
Stated in 4 of last 4 quarters. Adjusted operating income grew 9% in 2026-Q1, reaching $371 million. Despite a $450 million legal accrual impacting operating income, the company is delivering on its double-digit growth target.
“On pace to grow adjusted operating income by double-digits this year.”
“Positioned for another year of double-digit operating income and AOI growth in 2026.”
“Clear path for double-digit operating income and AOI growth this year.”
“Positioned to grow operating income and AOI by double-digits this year.”
Live Nation aims to achieve double-digit fan growth at its owned and operated venues in 2026.
Breaks if: Fan growth falls below 5% in FY26
Live Nation aims to achieve double-digit fan growth at its owned and operated venues in 2026.