Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
LYV posted Q1 FY2026 revenue of $3.79B (+12.1% YoY) but swung to a net loss of $389.1M as operating expenses surged, while strong operating cash flow of $2.34B reflects the seasonal advance-ticket collection nature of its live events business.
Revenue
$3.79B
+12.15% YoY
EPS (Diluted)
-$1.85
-478.13% YoY
Operating Income
-$370.52M
-422.84% YoY
Source: SEC XBRL
Live Nation Entertainment (LYV) reported Q1 FY2026 revenue of $3.79B, up 12.1% year over year. Operating margin was -9.8%, against 3.4% a year earlier. Operating cash flow was $2.34B, up 77.0% year over year. LYV's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 1 beat
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 1.05 | 0.67 | Beat +56.5% |
| Mar 2026This filing | -1.85 | -0.47 | Miss -291.4% |
| Dec 2025 | -1.06 | -1.02 | Miss -4.0% |
| Sep 2025 | 0.73 | 1.40 | Miss -48.0% |
Reported EPS of -$1.85 versus the -$0.47 analyst consensus — a -291.4% miss for Mar 2026.
Compiled by AI from this SEC filing
Revenue rose 12.1% YoY to $3.79B in Q1 FY2026, up from $3.38B in the prior-year period, reflecting continued strong consumer demand for live entertainment experiences across concerts, festivals, and ticketing.
Source: 10-Q Income Statement
Operating income swung from a gain of $114.8M to a loss of $370.5M (-422.8% YoY), driven largely by a 23.4% jump in SG&A expenses to $961.5M, suggesting significant investment in growth initiatives, headcount, or one-time charges outpacing revenue gains.
Source: 10-Q Income Statement
Net loss deepened to $389.1M from just $23.2M in Q1 FY2025, a -1,777% YoY deterioration, pushing basic and diluted EPS to -$1.85 versus -$0.32 in the prior year, reflecting both the operating loss and likely higher interest or other non-operating costs.
Source: 10-Q Income Statement
Despite the net loss, operating cash flow surged 77.0% YoY to $2.34B, a hallmark of LYV's business model where fans pay for tickets well in advance of events, generating substantial deferred revenue that boosts near-term cash generation.
Source: 10-Q Cash Flow Statement
Stockholders' equity turned negative at -$139.4M (from +$106.0M a year ago), and the current ratio stands at 0.885, meaning current liabilities of $15.4B exceed current assets of $13.6B — largely reflecting deferred ticket revenue obligations rather than traditional insolvency risk.
Source: 10-Q Balance Sheet
Compiled by AI from this SEC filing · 3 high, 2 medium, 0 low
LYV's stockholders' equity turned negative at -$139.4M in Q1 FY2026, down from +$106.0M a year ago, indicating accumulated losses and/or debt exceed asset book values. A current ratio below 1.0 (0.885) adds to near-term liquidity concerns, though much of the current liability balance reflects deferred ticket revenue rather than debt obligations.
Source: 10-Q Balance Sheet
SG&A expenses grew 23.4% YoY to $961.5M, significantly outpacing revenue growth of 12.1%, which contributed to the operating margin collapsing from +3.4% to -9.8%. If cost discipline is not restored, sustained margin compression could erode long-term profitability.
Source: 10-Q Income Statement
Operating margin fell from +3.4% in Q1 FY2025 to -9.8% in Q1 FY2026, a swing of over 13 percentage points. This sharp deterioration signals that cost growth is materially outstripping revenue gains, raising questions about the scalability of LYV's cost structure.
Source: 10-Q Income Statement
LYV's business model relies on collecting ticket revenue in advance, creating large deferred revenue liabilities on the balance sheet. If events are cancelled or postponed due to weather, artist issues, or macroeconomic shocks, the company would face significant refund obligations that could strain liquidity.
Source: 10-Q Balance Sheet
Investing cash outflows nearly doubled YoY to -$417.7M in Q1 FY2026 from -$217.4M, suggesting increased capital expenditure or acquisition activity. Sustained high capital deployment in a high-debt environment could limit financial flexibility.
Source: 10-Q Cash Flow Statement
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 3.79 $B | 3.38 $B | +12.15% |
Operating Income $M | -370.52 $M | 114.77 $M | -422.84% |
Net Income $M | -389.10 $M | 23.20 $M | -1776.96% |
EPS (Basic) $ | -1.85 $ | -0.32 $ | -478.13% |
EPS (Diluted) $ | -1.85 $ | -0.32 $ | -478.13% |
SG&A Expense $M | 961.52 $M | 778.92 $M | +23.44% |
Answers draw on this SEC filing and the data on this page
Live Nation Entertainment delivered strong Q2 FY2026 growth with revenue up 9.4% YoY to $7.67B and diluted EPS rising 156.1% to $1.05, though YTD operating income was significantly impacted by a $450M litigation accrual.
Live Nation Entertainment (LYV) delivered strong FY2025 revenue growth of 8.8% to $25.2B and a 51.8% surge in operating income to $1.25B, but reported a net loss driven by below-the-line charges that pushed EPS to -$0.24 versus $2.74 diluted in the prior year.
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