Analyst Consensus ?
ConsensusBuy46 ratings
Bullish4087.0%
Neutral613.0%
Bearish00.0%
Live Nation Entertainment, Inc. · LYV · FY2026 Q3 · Calendar Q4 2026
Live Nation raises outlook as record attendance and Ticketmaster gains drive Q3
Record attendance and Ticketmaster ticket growth provide evidence of operating momentum, and management raised its full-year AOI growth outlook. That case is tempered by growing venue pre-opening costs and questions about the durability of AOI improvement and secondary-market pressures.
Why did LYV fall 1.1% after beating EPS estimates in FY2026 Q3?
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Reported After market closeNYSECommunication Services
$42.22B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.69
Consensus $1.51
EPS surprise
+11.9%
Reported versus consensus
Reported revenue
$10.11B
Consensus $9.60B
Revenue surprise
+5.2%
Reported versus consensus
Market reaction
close-to-close (session unavailable)
Stock move
-1.1%
Event window
SPY move
-4.4%
Same window
Abnormal move
+3.4%
Stock minus SPY
Volume
2.2×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
LYVSPY benchmark
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Why did LYV fall 1.1% after beating EPS estimates in FY2026 Q3?What changed in LYV's guidance and outlook in FY2026 Q3?Give me the bull and bear case for LYV after FY2026 Q3 earnings.
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Transcript intelligence
What changed
Management described record Q3 attendance of more than 60 million, up 20% year over year, and 20 million net new Ticketmaster tickets. The company raised its full-year outlook to high-single-digit AOI growth, while noting rising venue pre-opening costs and possible secondary-market headwinds.
Guidance delta
Management raised full-year AOI growth guidance to high single digits. The supplied analysis does not specify the prior numeric range.
Key takeaways
- Attendance exceeded 60 million, up 20% year over year, with strong stadium and amphitheater sales.
- Ticketmaster added 20 million net new tickets and outperformed expectations, according to the supplied transcript analysis.
- Venue Nation expansion contributes higher per-fan profitability, while ramping pre-opening costs add exposure.
- Management reaffirmed a full-year outlook of high-single-digit AOI growth; Investor Day is expected to provide more detail on venue strategy and capital allocation.
Management priorities
- Continue expansion of Venue Nation venues and related tools.
- Pursue international Ticketmaster expansion.
- Detail venue strategy and capital deployment at the upcoming Investor Day.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$174.36Current
$82Low
$174.97Average
$222High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 6, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Susquehanna | Neutral | Neutral | Maintain | Oct 20, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Oct 19, 2026 |
| BTIG | Buy | Buy | Maintain | Oct 19, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 3, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Jul 31, 2026 |
| Guggenheim | Buy | Buy | Maintain | Jul 31, 2026 |
| Bernstein | Outperform | Outperform | Maintain | Jul 31, 2026 |
| Benchmark | Buy | Buy | Maintain | Jul 31, 2026 |
| Citizens | Market Outperform | Market Outperform | Maintain | Jul 22, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jul 21, 2026 |
| UBS | Buy | Buy | Maintain | Jul 20, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Jul 9, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Jul 9, 2026 |
| Rothschild & Co | Buy | Neutral | Upgrade | Feb 27, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Feb 20, 2026 |
| B of A Securities | Buy | Buy | Maintain | Feb 20, 2026 |
| Jefferies | Hold | Buy | Downgrade | Jan 13, 2026 |
| Roth Capital | Buy | Buy | Maintain | Nov 5, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | Oct 23, 2025 |
| Seaport Global | Buy | Buy | Maintain | Sep 23, 2025 |
| Wolfe Research | Outperform | Outperform | Maintain | Jun 10, 2025 |
| Roth MKM | Buy | Buy | Maintain | May 2, 2025 |
| Rosenblatt | Buy | Buy | Maintain | May 2, 2025 |
| Macquarie | Outperform | Outperform | Maintain | Mar 6, 2025 |
| TD Cowen | Buy | Buy | Maintain | Nov 12, 2024 |
| Redburn Atlantic | Buy | Neutral | Upgrade | May 9, 2024 |
| Northcoast Research | Buy | Neutral | Upgrade | Mar 20, 2023 |
| Redburn Partners | Neutral | Neutral | Maintain | Nov 22, 2022 |
| Cowen & Co. | Outperform | Outperform | Maintain | Nov 2, 2021 |
| Gabelli & Co. | Buy | Buy | Maintain | Apr 14, 2020 |
| G.research | Buy | Buy | Maintain | Apr 14, 2020 |
| CFRA | Buy | Hold | Upgrade | Feb 28, 2020 |
| Atlantic Equities | Overweight | Overweight | Maintain | Jun 11, 2019 |
| Berenberg | Buy | Buy | Maintain | May 15, 2019 |
| BTIG Research | Buy | Neutral | Upgrade | Jul 24, 2018 |
| William Blair | Outperform | Outperform | Maintain | Jul 21, 2017 |
| Stephens & Co. | Overweight | Equal Weight | Upgrade | Nov 8, 2016 |
| Albert Fried | Overweight | Overweight | Maintain | Oct 30, 2015 |
| Maxim Group | Buy | Buy | Maintain | May 28, 2015 |
| Stifel Nicolaus | Buy | Hold | Upgrade | May 1, 2015 |
| Stifel | Buy | Hold | Upgrade | May 1, 2015 |
| MKM Partners | Buy | Buy | Maintain | Apr 9, 2015 |
| Albert Fried & Co. | Market Perform | Overweight | Downgrade | Mar 9, 2015 |
| Sterne Agee | Neutral | Buy | Downgrade | May 28, 2014 |
| ISI Group | Buy | Buy | Maintain | Feb 7, 2014 |
| Evercore Partners | Equal Weight | Equal Weight | Maintain | Mar 5, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $174.36. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Susquehanna | Joseph Stauff | $183 | $170.8 | +5.0% | Oct 20, 2026 |
| Bernstein | Analyst unavailable | $220 | $169.64 | +26.2% | Oct 13, 2026 |
| Deutsche Bank | Analyst unavailable | $205 | $173.11 | +17.6% | Jul 31, 2026 |
| Susquehanna | Joseph Stauff | $187 | $174.24 | +7.2% | Jul 31, 2026 |
| Oppenheimer | Analyst unavailable | $210 | $173.26 | +20.4% | Jul 31, 2026 |
| Bernstein | Analyst unavailable | $215 | $183.59 | +23.3% | Jul 31, 2026 |
| Guggenheim | Curry Baker | $218 | $183.59 | +25.0% | Jul 31, 2026 |
| Roth Capital | Analyst unavailable | $208 | $183.59 | +19.3% | Jul 31, 2026 |
| Oppenheimer | Jed Kelly | $100 | $181.07 | -42.6% | Jul 28, 2026 |
| Oppenheimer | Jed Kelly | $200 | $179.4 | +14.7% | Jul 28, 2026 |
| BTIG | Analyst unavailable | $215 | $177.92 | +23.3% | Jul 23, 2026 |
| Susquehanna | Analyst unavailable | $186 | $180.86 | +6.7% | Jul 21, 2026 |
| UBS | Batya Levi | $208 | $180.22 | +19.3% | Jul 20, 2026 |
| Roth Capital | Analyst unavailable | $205 | $181.56 | +17.6% | Jul 15, 2026 |
| Wells Fargo | Analyst unavailable | $222 | $182.14 | +27.3% | Jul 9, 2026 |
| Goldman Sachs | Stephen Laszczyk | $202 | $182.14 | +15.9% | Jul 8, 2026 |
| Morgan Stanley | Analyst unavailable | $200 | $168.1 | +14.7% | Jun 10, 2026 |
| Guggenheim | Analyst unavailable | $197 | $157.26 | +13.0% | May 6, 2026 |
| Guggenheim | Curry Baker | $180 | $165.33 | +3.2% | Mar 9, 2026 |
| Goldman Sachs | Analyst unavailable | $175 | $162.67 | +0.4% | Feb 20, 2026 |
| Oppenheimer | Analyst unavailable | $190 | $165.3 | +9.0% | Feb 20, 2026 |
| Evercore ISI | Analyst unavailable | $198 | $166.63 | +13.6% | Feb 20, 2026 |
| Roth Capital | Analyst unavailable | $190 | $166.94 | +9.0% | Feb 20, 2026 |
| UBS | Analyst unavailable | $181 | $157.46 | +3.8% | Feb 20, 2026 |
| Morgan Stanley | Analyst unavailable | $185 | $157.46 | +6.1% | Feb 20, 2026 |
| Roth Capital | Analyst unavailable | $174 | $151.11 | -0.2% | Feb 12, 2026 |
| Jefferies | David Katz | $155 | $148.85 | -11.1% | Jan 13, 2026 |
| Evercore ISI | Vijay Jayant | $188 | $141.75 | +7.8% | Dec 23, 2025 |
| UBS | Analyst unavailable | $164 | $125.61 | -5.9% | Nov 25, 2025 |
| Evercore ISI | Kutgun Maral | $168 | $139.14 | -3.6% | Nov 5, 2025 |
| Roth Capital | Eric Handler | $176 | $138.68 | +0.9% | Nov 5, 2025 |
| Susquehanna | Analyst unavailable | $175 | $148.01 | +0.4% | Nov 3, 2025 |
| Deutsche Bank | Benjamin Soff | $173 | $156.15 | -0.8% | Oct 23, 2025 |
| Seaport Global | David Joyce | $190 | $163.82 | +9.0% | Sep 23, 2025 |
| MoffettNathanson | Robert Fishman | $195 | $161.1 | +11.8% | Aug 18, 2025 |
| Morgan Stanley | Cameron Mansson | $180 | $152.89 | +3.2% | Jul 24, 2025 |
| Susquehanna | Joseph Stauff | $165 | $143.71 | -5.4% | Jun 10, 2025 |
| Rosenblatt Securities | Barton Crockett | $146 | $92.18 | -16.3% | Nov 13, 2024 |
| Roth Capital | Eric Handler | $132 | $115.35 | -24.3% | Oct 16, 2024 |
| Seaport Global | David Joyce | $133 | $115.84 | -23.7% | Oct 15, 2024 |
| Oppenheimer | Jed Kelly | $120 | $94.2 | -31.2% | Sep 6, 2024 |
| Bank of America Securities | Peter Henderson | $125 | $95.34 | -28.3% | Sep 4, 2024 |
| Rosenblatt Securities | Barton Crockett | $123 | $94.77 | -29.5% | Jul 2, 2024 |
| Roth Capital | Eric Handler | $120 | $95.22 | -31.2% | May 24, 2024 |
| Seaport Global | David Joyce | $115 | $93.48 | -34.0% | May 24, 2024 |
| Macquarie | Paul Golding | $125 | $101.4 | -28.3% | May 23, 2024 |
| Guggenheim | Curry Baker | $128 | $92.21 | -26.6% | Apr 17, 2024 |
| Rosenblatt Securities | Barton Crockett | $119 | $101.42 | -31.8% | Apr 11, 2024 |
| Oppenheimer | Jed Kelly | $115 | $100.75 | -34.0% | Jul 28, 2023 |
| Oppenheimer | Jed Kelly | $110 | $98.28 | -36.9% | Jul 21, 2023 |
| Morgan Stanley | Analyst unavailable | $80 | $70.69 | -54.1% | Nov 30, 2022 |
| Citigroup | Analyst unavailable | $82 | $69.82 | -53.0% | Nov 28, 2022 |
| Macquarie | Paul Golding | $105 | $83.66 | -39.8% | Jul 13, 2022 |
| Morgan Stanley | Benjamin Swinburne | $110 | $97.2 | -36.9% | Jun 2, 2022 |
| Wolfe Research | Analyst unavailable | $119 | $95.54 | -31.8% | Jun 2, 2022 |
| Rosenblatt Securities | Analyst unavailable | $139 | $95.35 | -20.3% | May 6, 2022 |
| Rosenblatt Securities | Barton Crockett | $138 | $108.28 | -20.9% | Apr 28, 2022 |
| Rosenblatt Securities | Barton Crockett | $320 | $109.72 | +83.5% | Apr 26, 2022 |
| Guggenheim | Curry Baker | $140 | $116.3 | -19.7% | Mar 25, 2022 |
Track every rating change on LYV the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationLive Nation Entertainment, Inc., incorporated in 2005 and formerly known as Live Nation, Inc. until its name change in January 2010, is a global leader in live entertainment, headquartered in Beverly Hills, California. The company's diverse operations are organized into three primary business segments: Concerts, Ticketing, and Sponsorship & Advertising. The Concerts segment is responsible for organizing and promoting live musical performances, utilizing its extensive portfolio of owned or managed venues, as well as various rented third-party locations. This division also oversees the management and operation of music venues, produces major music festivals, develops related content, and offers management and other support services to artists. Through its Ticketing segment, Live Nation manages a comprehensive suite of ticketing operations.…
Historical context
All LYV earningsCommunication Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| TIGO Millicom International Cellular S.A. | FY2026 Q3 · Calendar Q4 2026 | -40.8% | +2.6% | Millicom sets Q3 EBITDA record, maintains full-year guidance |
| FWONK Liberty Media Corporation | FY2026 Q3 · Calendar Q4 2026 | -3.7% | +7.7% | F1 attendance and hospitality lead, while expansion carries execution risks |
| FWONA Formula One Group | FY2026 Q3 · Calendar Q4 2026 | -23.5% | +9.5% | Formula One’s Q3: Hospitality and licensing offset calendar variability |
Latest beats and misses
Who reports nextBeat on EPS
- FNFFY2026 Q3 · November 5, 20260.0% EPS+6.6% move
- MTDFY2026 Q3 · November 5, 2026+3.6% EPS+4.8% move
- IAGFY2026 Q3 · November 5, 2026+16.7% EPS+4.6% move
- GMABFY2026 Q3 · November 5, 2026+55.6% EPS-4.3% move
- STEFY2027 Q2 · November 4, 2026+9.7% EPS+2.5% move
- IRMFY2026 Q3 · November 5, 2026+4.6% EPS-11.1% move
Missed on EPS
- VMRKFY2026 Q3 · November 4, 2026-425.6% EPS+2.4% move
- NTRAFY2026 Q3 · November 5, 2026-49.3% EPS-15.2% move
- TIGOFY2026 Q3 · November 5, 2026-40.8% EPS+2.6% move
- UHALFY2027 Q2 · November 4, 2026-15.4% EPS-3.2% move
- LAMRFY2026 Q3 · November 5, 2026-3.6% EPS-0.8% move
- CMIFY2026 Q3 · November 5, 2026-6.0% EPS-4.9% move
Get the LYV recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-11-06T06:11:10.006097+00:00
- FN2 earnings calendar · 2026-11-06T01:23:16.275024+00:00
- Polygon adjusted daily market bars · 2026-11-06T10:30:52.369389+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-06T10:30:52.366717+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-06. For educational purposes only; not investment advice.