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TickerLYV
SectorEntertainment
Mkt cap$38B
EV / EBITDA19.2×
PostureHigh Velocity
Composite78/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1335258

Live Nation Entertainment, Inc.

LYVHIGH VELOCITYFILING INTENSITY

Live Nation Entertainment, Inc. reads as High Velocity (composite 78/100); pressure / disclosure signals dominate the posture this cycle · primary market Media & Education, ranked #7 on disclosed spend.

Lens

Disclosed M&A capital (2023–2025)

$196M

−71%

vs $683M in 2020–2022

Disclosed transactions

N/A

−99%

3/3 active fiscal years in window

Buyer archetype

Consistent Strategic Buyer

Meaningful spend appears across repeat years.

Composite score

78

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$25.6B
EBITDA$2.1B
Enterprise value$39.5B
EV / Revenue1.5×
EV / EBITDA19.2×
P/EN/A
Cash$9.1B
Total debt$1.7B
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

43/100

Companies actively deploying disclosed capital into M&A

  • $3.1B disclosed buyer spend
  • Filed within 18d

Buyer Cadence

32/100

Buyer-side companies with recent filing activity

  • Filed within 18d
  • 252 8-Ks

Target Probability

24/100

Issuers showing target-side patterns from filings

  • 16 activism filings

Spin/Carve

2/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 5 spin pre-registrations
  • Latest event 21y ago; heavily discounted
  • 16 activism filings

Pressure Watch

52/100

Issuers facing activism, governance, or control pressure

  • 16 activism filings
  • Latest activism 1.5y ago

Distress Watch

18/100

Issuers showing financial-distress filing patterns

  • 16 activism filings

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

Dominant
78/100

Issuers with the highest filing-activity intensity

  • 252 8-Ks
  • Filed within 18d
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $39.5B
  • 10-Q 21d ago
  • 3 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $384M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/A$80MN/AN/A
2024N/A$98MN/AN/A
2023N/A$18MN/AN/A
2022N/A$257MN/AN/A
20211$384M$384MN/A
2020N/A$41MN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Geographic Expansion
    20%
  • Horizontal Consolidation
    20%
  • Bolt On
    20%
  • Platform
    20%
  • Technology Acquisition
    20%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • geographic_expansion
  • horizontal_consolidation
  • tuck_in
  • bolt_on
  • technology_acquisition
  • platform
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

In December 2021 we acquired OCESA, one of the most prominent live event businesses globally with a robust business portfolio in ticketing, sponsorship, food and beverage, merchandise, and venue operations across Mexico and Latin America.

10-KFY2022

These acquisitions were accounted for as business combinations under the acquisition method of accounting and were not significant on an individual basis or in the aggregate.

10-KFY2014

Expand our Concert Platform. We will deliver more shows, grow our fan base and increase our ticket sales by continuing to build our portfolio of concerts globally.

10-KFY2022

We will continue to enhance our application programming interface features to reach a broader audience and expand our digital ticketing rollout

10-KFY2023

We will grow the volume of secondary tickets sold through a trusted environment for fan ticket exchanges

10-KFY2023
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Media & Education

Market spend (2023–2025)
$31.8B
Market spend (2020–2022)
$74.8B
Recent vs prior
−57%
Issuer rank in market
#7 of 114
Share of market capital
1.5%

Valuation positioning

19.2×EV / EBITDA

LYV trades at a +14.3-turn premium to the Media & Education peer median of 4.9×.

EV / Revenue
1.5×
Net debt / EBITDA
-3.6×
Peer median EV / EBITDA
4.9×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
21.6×2.0×-0.2×$8.8B$55M
Live Nation Entertainment, Inc.LYV
19.2×1.5×-3.6×$25.6B$196M
4.9×1.8×2.2×$37.2B$100M
3.0×0.2×14.1×$2.1B$14M

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Media & Education. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)332026-02-19
  • 10-Q (quarterly)612026-05-05
  • 8-K (event)2522026-05-08
  • Proxy / DEF 14A312026-04-24
  • Activism (13D / DFAN / PREC)162024-11-14

Signals on file

  • elevated

    Spin registration

    2005-12-08

    5 Form 10-12 filings on file; pre-spin registration.

  • elevated

    Activism on file

    2024-11-14

    16 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

  • info

    Signal

    Spin/Carve candidate

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Live Nation Entertainment, Inc.: Issuer Brief | SE-Cluster