Jun 2026 (Q2 FY26) — Jul 30, 2026
Live Nation Q2 FY26 — Strong Demand Drives Double-Digit Growth & International Expansion
Read the full callLive Nation earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 7,667 | +9.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 6.8 | −0.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 294 | +21.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
15 targets tracked, none judged yet · 15 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Total company full-year AOI growth guide | double-digit AOI growth | Dec 2025 | we've stepped up our expectation now. We expect double-digit fan growth for the full year to drive then double-digit revenue and AOI growth and then ultimately, margin expansion | Revised Up |
| Venue Nation added fan capacity via new venue builds/acquisitions, FY26-FY27 | adding capacity for about 15 million fans between what we're building and buying between 2026 and 2027 | Jun 2026 | We expect a few more before the end of 2027, probably 4 or 5 in that period, which is on track for adding capacity for about 15 million fans between what we're building and buying between '26 and '27 | New |
15 of Live Nation Entertainment, Inc.'s 15 targets are still open. See which are on track and which have gone quiet. The 2 above are the free sample; 13 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: $155.19 on 17 Oct 2025 → $170.8. High $188.46 (14 Aug 2026), low $125.61 (24 Nov 2025).
Overview
Guidance
15 targets tracked, none judged yet · 15 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Total company full-year AOI growth guide | double-digit AOI growth | Dec 2025 | we've stepped up our expectation now. We expect double-digit fan growth for the full year to drive then double-digit revenue and AOI growth and then ultimately, margin expansion | Revised Up |
| Venue Nation added fan capacity via new venue builds/acquisitions, FY26-FY27 | adding capacity for about 15 million fans between what we're building and buying between 2026 and 2027 | Jun 2026 | We expect a few more before the end of 2027, probably 4 or 5 in that period, which is on track for adding capacity for about 15 million fans between what we're building and buying between '26 and '27 | New |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 15 tracked commitments, with each call’s wording and source.
Call summaries
Live Nation Q2 FY26 — Strong Demand Drives Double-Digit Growth & International Expansion
Read the full callLive Nation Q1 FY26 — Global Touring Strength and Venue Expansion Drive Growth
Read the full callLive Nation Q4 FY25 — Double-Digit AOI Growth Outlook for 2026
Read the full callEvery analysed call
Financials
Net profit, year on year: +21% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 7,651 | 5,682 | 3,382 | 7,007 | 8,499 | 6,314 | 3,793 | 7,667 |
| Operating profit | 640 | -239 | 115 | 487 | 792 | -143 | -371 | 522 |
| Operating margin | 8.4% | −4.2% | 3.4% | 7.0% | 9.3% | −2.3% | −9.8% | 6.8% |
| Interest | 88 | 77 | 80 | 72 | 80 | 83 | 91 | 97 |
| Profit before tax | 586 | -301 | 66 | 420 | 730 | -186 | -412 | 519 |
| Tax rate | 12.0% | 193.6% | 29.9% | 28.0% | 34.5% | 26.6% | 7.8% | 22.3% |
| Net profit | 452 | 201 | 23 | 243 | 431 | -202 | -389 | 294 |
| EPS ($ per share) | 1.72 | — | 0.32 | 0.41 | 0.74 | — | -1.85 | 1.06 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves | -1,019 | -949 | -2,677 | -3,328 | -2,971 | -2,443 | -1,547 | -1,042 |
| Total liabilities | 7,154 | 9,512 | 10,723 | 14,595 | 16,396 | 18,478 | 18,820 | 22,018 |
| Fixed assets | 947 | 1,118 | 1,101 | 1,092 | 1,488 | 2,101 | 2,442 | 3,416 |
| Total assets | 8,497 | 10,976 | 10,589 | 14,402 | 16,461 | 19,030 | 19,639 | 22,913 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 942 | 470 | -1,083 | 1,781 | 1,835 | 1,363 | 1,725 | 1,395 |
| Cash from investing | -497 | -691 | -224 | -567 | -785 | -696 | -854 | -1,226 |
| Cash from financing | 189 | 329 | 1,350 | 1,171 | -143 | -87 | -659 | 407 |
| Net cash flow | 549 | 96 | 72 | 2,341 | 732 | 619 | -133 | 1,001 |
| Capital expenditure | -240 | -324 | -214 | -153 | -347 | -439 | -647 | -1,062 |
| Free cash flow | 702 | 146 | -1,297 | 1,628 | 1,488 | 924 | 1,079 | 334 |
Ticketing grew from 9% to 11% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Concerts | 86% | 81% | 73% | 85% | 86% | 82% | 73% | 84% | +8.4% |
| Ticketing | 9% | 15% | 21% | 11% | 9% | 13% | 20% | 11% | +14.7% |
| Sponsorship and Advertising | 5% | 5% | 6% | 5% | 5% | 5% | 7% | 5% | +12.5% |
| Corporate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
77 filings between Nov 25, 2025 and Aug 24, 2026.
Purchases
None
No insider bought shares.
Sales
$26.99M
13 sales by 4 insiders
Also filed: 12 gifts, 2 dispositions to the issuer, 2 other filings.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Hopmans John | — | $15.46M | May 7, 2026 |
| Rowles Michael | — | $10.47M | May 8, 2026 |
| Capo Brian | — | $533.6K | Aug 24, 2026 |
| HINSON JEFFREY T. | — | $526.7K | Jun 15, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 24, 2026 | Capo Brian Chief Accounting Officer | Sale | 2,900 | $533.6K |
| Aug 6, 2026 | Hopmans John EVP, M&A and Strategic Finance | Tax withheld | 3,970 | $721.6K |
| Aug 6, 2026 | Berchtold Joe President & CFO | Tax withheld | 10,834 | $1.97M |
| Aug 6, 2026 | Rapino Michael President & CEO | Tax withheld | 16,251 | $2.95M |
| Aug 6, 2026 | Rowles Michael EVP & General Counsel | Tax withheld | 1,084 | $197.0K |
| Jul 11, 2026 | Hopmans John EVP, M&A and Strategic Finance | Tax withheld | 6,083 | $1.09M |
| Jun 15, 2026 | HINSON JEFFREY T. Director | Sale | 2,115 | $370.1K |
| Jun 11, 2026 | Carter Maverick Director | Award | 1,207 | $0 |
| Jun 11, 2026 | HINSON JEFFREY T. Director | Award | 1,207 | $0 |
| Jun 11, 2026 | Hollingsworth Chad Director | Award | 1,207 | $0 |
| Jun 11, 2026 | Iovine Jimmy Director | Award | 1,207 | $0 |
| Jun 11, 2026 | VOGEL CARL E Director | Award | 1,207 | $0 |
| Jun 11, 2026 | Fu Ping Director | Award | 1,207 | $0 |
| Jun 11, 2026 | MAYS RANDALL THOMAS Director | Award | 2,293 | $0 |
| Jun 11, 2026 | Grenell Richard Allen Director | Award | 1,207 | $0 |
| Jun 11, 2026 | Paul Richard A. Director | Award | 1,207 | $0 |
| Jun 11, 2026 | KAHAN JAMES S Director | Award | 1,207 | $0 |
| Jun 11, 2026 | Watkins Latriece Director | Award | 1,207 | $0 |
| May 22, 2026 | Rowles Michael EVP & General Counsel | Tax withheld | 1,661 | $275.0K |
| May 22, 2026 | Berchtold Joe President & CFO | Tax withheld | 16,603 | $2.75M |
| May 13, 2026 | Hopmans John EVP, M&A and Strategic Finance | Tax withheld | 4,266 | $718.7K |
| May 13, 2026 | Rapino Michael President & CEO | Tax withheld | 17,464 | $2.94M |
| May 13, 2026 | Berchtold Joe President & CFO | Tax withheld | 11,643 | $1.96M |
| May 13, 2026 | Rowles Michael EVP & General Counsel | Tax withheld | 1,165 | $196.3K |
| May 8, 2026 | Rowles Michael EVP & General Counsel | Sale | 37,658 | $6.14M |
| May 8, 2026 | Rowles Michael EVP & General Counsel | Sale | 5,713 | $950.4K |
| May 8, 2026 | Rowles Michael EVP & General Counsel | Option exercise | 63,776 | $1.85M |
| May 8, 2026 | Rowles Michael EVP & General Counsel | Sale | 3,648 | $601.8K |
| May 8, 2026 | Rowles Michael EVP & General Counsel | Sale | 16,757 | $2.78M |
| May 7, 2026 | Hopmans John EVP, M&A and Strategic Finance | Sale | 5,978 | $997.0K |
| May 7, 2026 | Hopmans John EVP, M&A and Strategic Finance | Option exercise | 83,480 | $2.42M |
| May 7, 2026 | Hopmans John EVP, M&A and Strategic Finance | Sale | 4,753 | $795.7K |
| May 7, 2026 | Hopmans John EVP, M&A and Strategic Finance | Sale | 3,620 | $601.6K |
| May 7, 2026 | Hopmans John EVP, M&A and Strategic Finance | Sale | 46,991 | $7.83M |
| May 7, 2026 | Hopmans John EVP, M&A and Strategic Finance | Sale | 12,796 | $2.12M |
| May 7, 2026 | Hopmans John EVP, M&A and Strategic Finance | Sale | 18,940 | $3.11M |
| Apr 9, 2026 | Rapino Michael President & CEO | Tax withheld | 24,904 | $4.08M |
| Mar 31, 2026 | Capo Brian Chief Accounting Officer | Tax withheld | 647 | $98.7K |
| Mar 31, 2026 | Capo Brian Chief Accounting Officer | Tax withheld | 474 | $72.3K |
| Mar 12, 2026 | Rapino Michael President & CEO | Award | 61,895 | $0 |
| Mar 12, 2026 | Rapino Michael President & CEO | Tax withheld | 16,697 | $2.68M |
| Mar 12, 2026 | Capo Brian Chief Accounting Officer | Award | 3,042 | $0 |
| Mar 10, 2026 | HINSON JEFFREY T. Director | Gift | 200 | $0 |
| Mar 10, 2026 | HINSON JEFFREY T. Director | Sale | 944 | $156.6K |
| Mar 10, 2026 | HINSON JEFFREY T. Director | Gift | 200 | $0 |
| Mar 10, 2026 | HINSON JEFFREY T. Director | Gift | 150 | $0 |
| Mar 10, 2026 | HINSON JEFFREY T. Director | Gift | 200 | $0 |
| Feb 26, 2026 | Rapino Michael President & CEO | Tax withheld | 17,842 | $2.82M |
| Feb 6, 2026 | Rowles Michael EVP & General Counsel | Tax withheld | 1,259 | $177.3K |
| Feb 6, 2026 | Rapino Michael President & CEO | Tax withheld | 18,874 | $2.66M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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