A fixed rule set over this filing's XBRL figures and the number of high-severity risks found in it — no model judgement.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
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.
Revenue
$7.67B
+9.42% YoY
EPS (Diluted)
$1.05
+156.10% YoY
Operating Income
$521.92M
+7.25% YoY
Live Nation Entertainment (LYV) reported Q2 FY2026 revenue of $7.67B, up 9.4% year over year. The company posted net income of $294.45M, up 21.0% from a year earlier, with diluted EPS of $1.05. Operating income was $521.92M, up 7.2% year over year. LYV's fiscal Q2 FY2026 corresponds to calendar Q2 2026.
Live Nation reported solid Q2 FY2026 revenue of $7.67B (+9.4% YoY) and diluted EPS of $1.05 (+156.1% YoY), backed by record deferred revenue of $6.4B, despite headwinds from a $450M legal accrual year-to-date.
Last 4 quarters: 1 beat, 3 misses
Reported EPS of $1.05 versus the $0.67 analyst consensus — a +56.3% beat for Jun 2026.
Concerts segment revenue increased 8% YoY to $6.44B in Q2 FY2026, supported by a 10% increase in total fan count to 48.7 million. International fan attendance was the primary driver, growing 22% YoY to 25.6 million, particularly in mainland Europe and South America.
Source: 10-Q Item 2 MD&A, p.23-24
Event-related deferred revenue reached a second-quarter record of $6.4B as of June 30, 2026, up 25% YoY. Ticket sales for 2026 calendar events were pacing up 11% compared to the prior year, signaling strong demand for second-half events.
Source: 10-Q Item 2 MD&A, p.23-24
Ticketing revenue grew 15% YoY to $852.2M, with fee-bearing tickets sold rising 8% to 90.1 million and Gross Transaction Value (GTV) expanding 15% to $10.4B. Sponsorship & Advertising revenue rose 12% YoY to $383.0M on new venue and festival agreements across Europe and Latin America.
Source: 10-Q Item 2 MD&A, p.24-25
Operating income for the six months ended June 30, 2026 fell 75% YoY to $151.4M despite revenue growth, primarily due to a $450M accrual under ASC 450 for Governmental Investigations and Litigation.
Source: 10-Q Item 2 MD&A, p.23, 29
The company recorded a $450M accrual during the first six months of 2026 for ongoing legal settlements and compliance expenses related to governmental investigations and litigation. These regulatory matters create ongoing operational and cash flow exposure.
Source: 10-Q Item 2 MD&A, p.23
Live Nation reported a Current Ratio of 0.85 with current liabilities ($17.56B) exceeding current assets ($14.96B). This imbalance is largely driven by event-related deferred revenue, but requires careful working capital management.
Source: 10-Q Balance Sheet (XBRL)
Total net debt reached $9.20B as of June 30, 2026, and six-month interest expense grew 23.2% YoY to $187.8M following the issuance of new VenueCo notes. Substantial debt obligations elevate interest coverage risk during periods of potential macroeconomic softer demand.
Source: 10-Q Item 2 MD&A, p.27, 34
This analysis does not extract a guidance section. Companies issue revenue and EPS outlook in the 8-K press release and on the earnings call rather than in the 10-Q itself — though the filing's management discussion can contain forward-looking statements, which appear in the highlights above where they were material.
Live Nation Entertainment (LYV) is next expected to report on , when the following quarter's results and any updated outlook will be available.
See the LYV earnings preview — expected date, analyst estimates and what to watch →
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $7.67B | $7.01B | +9.42% |
Operating Income | $521.92M | $486.65M | +7.25% |
Net Income | $294.45M | $243.41M | +20.97% |
EPS (Basic) | $1.06 | $0.41 | +158.54% |
EPS (Diluted) | $1.05 | $0.41 | +156.10% |
SG&A Expense | $1.13B | $1B | +13.12% |
In Q2 FY2026, Live Nation generated revenue of $7.67B (up 9.4% YoY) and diluted EPS of $1.05 (up 156.1% YoY). Operating income grew 7.2% YoY to $521.92M, driven by strong performance in Ticketing and Sponsorship.
Live Nation recorded 10% fan growth to 48.7 million in its Concerts segment, while Ticketing revenue expanded 15% to $852.2M. Event-related deferred revenue hit a Q2 record of $6.4B, although six-month operating results were dampened by a $450M legal contingency accrual.
Key risks include ongoing government investigations and litigation, which resulted in a $450M liability provision year-to-date. Additionally, total net debt increased to $9.20B, and the current ratio of 0.85 highlights short-term working capital pressure.
Live Nation Entertainment (LYV) is next expected to report earnings on Nov 3, 2026. The date comes from the analyst earnings calendar and can shift until the company confirms it.
Expected release date, analyst estimates & what to watch
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.
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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