Live Nation 2025 Q3 Earnings Misses Targets Despite Record Net Income

Live Nation (LYV) reported fiscal 2025 Q3 earnings on Nov 5, 2025, . The company issued cautious guidance for 2025, emphasizing international growth and strategic investments.

Revenue

, . Concerts remained the largest contributor, , . Sponsorship & , and Other & . The performance underscored strong demand for live events, particularly in international markets.

Earnings/Net Income

, , . Despite the decline, , driven by robust revenue growth. The EPS miss, however, signaled operational challenges.

Post-Earnings Price Action Review

, . The underperformance reflected investor disappointment over missed earnings and revenue estimates, legal uncertainties from the FTC lawsuit, and concerns about margin pressures. The market’s reaction highlighted sensitivity to regulatory risks and competition in the ticketing sector.

CEO Commentary

CEO emphasized "strong fan demand" and a "double-digit increase in large venue show pipeline," positioning the company for "compounding growth over the next several years." He highlighted international markets surpassing U.S. growth and strategic investments in new venues to expand reach and create jobs.

Guidance

, . growth. For 2026, , , and consistent margins. , partially offset by joint-venture funding.

Additional News

1. FTC Lawsuit: The Federal Trade Commission and seven states filed a complaint alleging Live Nation and Ticketmaster allowed scalpers to circumvent purchase limits, .

2. Convertible Notes Offering, raising investor concerns about potential share dilution.

3. Shareholder Investigation: Law firm Shamis & Gentile is investigating whether executives breached fiduciary duties by permitting anticompetitive practices, as outlined in the FTC complaint.