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Live Nation Entertainment vs TKO: revenue, profit, margins and growth compared

Live Nation Entertainment brought in $25.2B of revenue in fiscal 2025, TKO $4.7B in fiscal 2025. Revenue changed by +8.8% at Live Nation Entertainment and -3.1% at TKO on the year before, so Live Nation Entertainment grew faster. Live Nation Entertainment kept 2.0% of its revenue as net profit, TKO 4.1%.

Side by side, latest fiscal year

LYVTKO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$25.2B$4.7B
Revenue growth+8.8%-3.1%
Net income$496M$195.4M
Net margin2.0%4.1%
Free cash flow$333.6Mn/a
Free cash flow margin1.3%n/a
Earnings per share (diluted)-$0.24$2.26
Cash$7.1B$831.1M
Debt$8.2B$3.8B
Price to earningsn/a80.8
Market value$40.3B$34.6B
Dividend yieldn/an/a
Rank by revenue in sector#45 of 778 · Consumer discretionary#209 of 778 · Consumer discretionary

Over the years

Revenue
LYV FY2018: $10.8BLYV FY2019: $11.5BLYV FY2020: $1.9BLYV FY2021: $6.3BLYV FY2022: $16.7BLYV FY2023: $22.7BLYV FY2024: $23.2BLYV FY2025: $25.2BTKO FY2021: $1BTKO FY2023: $1.1BTKO FY2023: $3.2BTKO FY2024: $4.9BTKO FY2025: $4.7BFY18FY19FY20FY21FY22FY23FY24FY25
LYV $25.2BTKO $4.7B
Net income
LYV FY2018: $60.2MLYV FY2019: $69.9MLYV FY2020: -$1.7BLYV FY2021: -$650.9MLYV FY2022: $266.4MLYV FY2023: $556.9MLYV FY2024: $896.3MLYV FY2025: $496MTKO FY2021: $273.6MTKO FY2023: $389MTKO FY2023: -$35.2MTKO FY2024: $9.4MTKO FY2025: $195.4MFY18FY19FY20FY21FY22FY23FY24FY25
LYV $496MTKO $195.4M
Net margin
LYV FY2018: 0.6%LYV FY2019: 0.6%LYV FY2020: -92.7%LYV FY2021: -10.4%LYV FY2022: 1.6%LYV FY2023: 2.5%LYV FY2024: 3.9%LYV FY2025: 2.0%TKO FY2021: 26.5%TKO FY2023: 34.1%TKO FY2023: -1.1%TKO FY2024: 0.2%TKO FY2025: 4.1%FY18FY19FY20FY21FY22FY23FY24FY25
LYV 2.0%TKO 4.1%
Revenue growth
LYV FY2019: +7.0%LYV FY2020: -83.9%LYV FY2021: +236.8%LYV FY2022: +166.1%LYV FY2023: +36.2%LYV FY2024: +1.9%LYV FY2025: +8.8%TKO FY2023: +10.5%TKO FY2023: +182.8%TKO FY2024: +51.5%TKO FY2025: -3.1%FY19FY20FY21FY22FY23FY24FY25
LYV +8.8%TKO -3.1%
Free cash flow
LYV FY2018: $701.8MLYV FY2019: $146.2MLYV FY2020: -$1.3BLYV FY2021: $1.6BLYV FY2022: $1.5BLYV FY2023: $924.4MLYV FY2024: $1.1BLYV FY2025: $333.6MFY18FY19FY20FY21FY22FY23FY24FY25
LYV $333.6MTKO

Fiscal years as each company reports them; the two may end in different months.

Questions about Live Nation Entertainment and TKO

Which is bigger by revenue, Live Nation Entertainment or TKO?

Live Nation Entertainment is bigger by revenue: $25.2B in fiscal 2025, against $4.7B for TKO in fiscal 2025.

Which keeps more of its revenue as profit, Live Nation Entertainment or TKO?

Live Nation Entertainment had a net margin of 2.0% in fiscal 2025; TKO had 4.1% in fiscal 2025.

Which grew revenue faster, Live Nation Entertainment or TKO?

In their latest fiscal years revenue changed by +8.8% at Live Nation Entertainment and -3.1% at TKO.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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