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Live Nation Entertainment

Live Nation Entertainment (LYV) Q2 2026 Earnings

Reported Jul 30, 2026 at 4:20 PM ET · SEC Source

Q2 26 EPS

$1.05

BEAT +86.30%

Est. $0.56

Q2 26 Revenue

$7.67B

BEAT +1.78%

Est. $7.53B

vs S&P Since Q2 26

-5.1%

TRAILING MARKET

LYV -1.5% vs S&P +3.5%

Market Reaction

Did LYV Beat Earnings? Q2 2026 Results

Live Nation Entertainment delivered a standout second quarter for fiscal 2026, posting GAAP diluted EPS of $1.05 against a consensus estimate of $0.56, an 86.30% beat, while revenue of $7.67 billion grew 9.4% year over year and edged past the $7.53 b… Read more Live Nation Entertainment delivered a standout second quarter for fiscal 2026, posting GAAP diluted EPS of $1.05 against a consensus estimate of $0.56, an 86.30% beat, while revenue of $7.67 billion grew 9.4% year over year and edged past the $7.53 billion analyst expectation by 1.78%. The headline driver was Ticketmaster, which emerged as the quarter's brightest spot, growing revenue 15% to $852.20 million and processing more than 90 million fee-bearing tickets across a gross transaction value exceeding $10.00 billion, with international markets accounting for 85% of net new ticket additions year to date. The broader Concerts segment carried 49 million fans through its venues, up 10%, though adjusted operating income there dipped 14% to $309.60 million due to stadium show timing and venue pre-opening costs. Record event-related deferred revenue of $6.40 billion, up 25%, reinforces management's confidence in double-digit full-year adjusted operating income growth, with the bulk of the Concerts segment's year-over-year improvement expected to land in the fourth quarter. Analysts covering the stock had broadly anticipated a solid quarter given strong advance ticket sales momentum heading into the report.

Key Takeaways

  • • International markets powered growth across all segments, contributing 70% and 80% of Ticketmaster and Sponsorship AOI growth respectively
  • • Fan attendance grew 10% to nearly 49 million globally, with international attendance at stadiums, arenas, and festivals all up over 20%
  • • 90 million fee-bearing tickets sold, up 8%, with concerts accounting for 90% of ticket volume growth
  • • Onsite food and beverage spending increased high single digits at large U.S. amphitheaters and European venues
  • • Number of strategic sponsorship partners (over $1 million revenue) increased over 20%
  • • More than 143 million tickets sold through mid-July, over 14 million ahead of last year's pace

LYV Forward Guidance & Outlook

Live Nation expects double-digit adjusted operating income growth for full-year 2026, with the majority of Concerts' year-over-year improvement occurring in Q4. Full-year fan attendance is projected to grow 10%, with operated venue attendance up double digits and third-party venues up high single digits. Venue Nation is on track to host close to 75 million fans in 2026. Ticketmaster AOI is positioned to grow mid-single digits for the full year. Sponsorship AOI is expected to grow double digits, with 95% of commitments already booked. Full-year capital expenditures are projected at approximately $1.1 billion, toward the lower end of the initial range, with $800 million for venue expansion. Depreciation and amortization expected to grow 12-15%. Net interest expense is expected to be approximately $280 million. Income tax expense is expected to be 15-20% of AOI. Pre-opening costs for venues under development expected to be approximately $50 million. Share count is not expected to change materially from 2025.

24/7 Wall St

LYV YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

LYV Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q2 26

“In a world of endless screens and AI-generated everything, the one thing that can't be copied is being there. More artists are on the road than ever — and fans keep choosing to be in the room with them, driving the strongest concert ticket sales we've ever seen. More than 143 million tickets have sold through mid-July, over 14 million ahead of last year's pace, with mid-teens ticket sales growth across all large venue types: stadiums, arenas, and amphitheaters.”

— Michael Rapino, Q2 2026 Earnings Press Release

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