LYVLive Nation Entertainment

Communication · Entertainment · NYSE

We believe that we are the largest live entertainment company in the world, connecting over 805 million fans across all of our concerts and ticketing platforms in 55 countries during 2025. 10-K, Item 1

Employees: 17,700
Headquarters: Beverly Hills, CA
CEO: Michael Rapino
Next results: around Feb 18, 2027

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RevenueFY2016–25 $25.2B+8.8% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $496.0M−44.7% FY2024: $896.3M 10-K FY2025 · XBRL Free cash flowFY2016–25 $333.6M−69.1% FY2024: $1.1B 10-K FY2025 · XBRL Operating marginFY2016–25 5.0%+1.4 pts 2.5% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 19, 2026 against Feb 21, 2025

Area	What changed	Source
Risk factors	4 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Critical audit matters changed	New this year: Income Taxes (“As disclosed in Note 9 to the consolidated financial statements, the Company is subject to income taxes in jurisdictions, both domestic and foreign, which affect the Company’s provision for income taxes. The Company earns a significant amount of its operating income in certain foreign jurisdictions ”). No longer listed: Goodwill impairment assessment	10-K · XBRL
Accounting checks	10 other checks clear, 1 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	3 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 19, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-21. Quoted as filed.

In foreign countries in which we operate, a risk exists that our employees, contractors or agents could, in contravention of our policies, engage in business practices prohibited by applicable United States laws and regulations, such as the United States
10-K, Item 1A

All 4 new paragraphs →

Accounting checks

latest 10-K

10 of 11 clear 1 worth a look. Checks, not verdicts.

!
Critical audit matters changedNew this year: Income Taxes (“As disclosed in Note 9 to the consolidated financial statements, the Company is subject to income taxes in jurisdictions, both domestic and foreign, which affect the Company’s provision for income taxes. The Company earns a significant amount of its operating income in certain foreign jurisdictions ”). No longer listed: Goodwill impairment assessment
✓
Receivables +15.0% vs revenue +8.8% (+6.1 pts)
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Cash from operations $1.4B vs net income $496.0M (FY ending 2025-12-31)
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Inventory +12.8% vs revenue +8.8% (+4.0 pts)
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Same auditor in both 10-Ks: Ernst & Young LLP
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 5, 20268-K Quarterly results 8-K item 2.02
Nov 5, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Oct 16, 20268-K Material agreement signed, New debt or obligation 8-K items 1.01, 2.03

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