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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Cameron Mansson-Perrone | Morgan Stanley | 14 (0%) |
| Brandon Ross | LightShed Partners | 14 (36%) |
| David Karnovsky | JPMorgan | 13 (0%) |
| Stephen Laszczyk | Goldman Sachs | 12 (0%) |
| Kutgun Maral | Evercore ISI | 6 (17%) |
| Peter Henderson | Bank of America | 6 (0%) |
| Robert Fishman | MoffettNathanson | 5 (0%) |
| Batya Levi | UBS | 4 (0%) |
| Peter Supino | Wolfe Research | 4 (0%) |
| Jason Bazinet | Citigroup | 3 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Morgan Stanley | 1 | 14 (0%) |
| Goldman Sachs | 2 | 14 (0%) |
| LightShed Partners | 1 | 14 (36%) |
| JPMorgan | 1 |
| 13 (0%) |
| Wolfe Research | 3 | 6 (17%) |
| Evercore ISI | 1 | 6 (17%) |
| Bank of America | 1 | 6 (0%) |
| MoffettNathanson | 1 | 5 (0%) |
Revenue grew 12% with show count and ticket sales tracking ahead of the prior year by double digits, while Venue Nation fan count was expected to grow at a double-digit rate. The DOJ settlement and regulatory uncertainty remained the key overhang, though secondary ticketing faced a mid-single-digit structural headwind from broker inventory restrictions. Premium hospitality monetization and Ticketmaster product innovation with AI continued advancing.
Revenue Growth | Demand | Competitive Dynamics | Capex Investment | Geographic Expansion | Margin | Regulation Policy | Pricing | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 6 | 3 | 2 | 3 | 1 | 2 | 1 | 2 |
| 2025Q1 | 4 | 4 | 4 | 1 | 1 | 2 | 2 | 2 |
| 2025Q2 | 5 | 2 | 3 | 2 | 4 | 2 | 1 | |
| 2025Q3 | 7 | 5 | 4 | 1 | 1 | 1 | 2 | 1 |
| 2025Q4 | 4 | 3 | 4 | 2 | 2 | 2 | 2 | 1 |
| 2026Q1 | 5 | 4 | 2 | 4 | 3 | 1 | 2 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6 | 4 | 5 | 7 | 4 | 5 |
| Demand | 3 | 4 | 2 | 5 | 3 | 4 |
| Competitive Dynamics | 2 | 4 | 3 | 4 | 4 | 2 |
| Capex Investment | 3 | 1 | 2 | 1 | 2 | 4 |
| Geographic Expansion | 1 | 1 | 4 | 1 | 2 | 3 |
| Margin | 2 | 2 | 2 | 1 | 2 | 1 |
| Regulation Policy | 1 | 2 | 2 | 2 | 2 | |
| Pricing | 2 | 2 | 1 | 1 | 1 | 1 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $5.68B | -2.7% | $0.56 | +144.1% | -4.2% | 3.5% | $870M |
| FY2025 Q1 | $3.38B | -11.0% | $-0.32 | +39.6% | 3.4% | 0.7% | $1.13B |
| FY2025 Q2 | $7.01B | +16.3% | $0.41 | -60.2% | 6.9% | 3.5% | $-40M |
| FY2025 Q3 | $8.50B | +11.1% | $0.73 | -56.0% | 9.3% | 5.1% | $-350M |
| FY2025 Q4 | $6.31B | +11.1% | $-1.05 | -289.2% | -0.4% | -3.2% | $-406M |
| FY2026 Q1 | $3.79B | +12.1% | $-1.85 | -478.1% | -9.8% | -10.3% | $2.03B |
| FY2026 Q2 | $7.67B | +9.4% | $1.05 | +156.1% | 6.8% | 3.8% | $130M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What LYV and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Similar to what you've heard on the earnings calls with Live Nation and the Walt Disney Company, we have seen no consumer pullback whatsoever.”
TKO benchmarks its resilient consumer demand against Live Nation's commentary, both reporting no consumer pullback in live/experiential spending.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
LYV Live Nation Entertainment | 7 | +12.2% | |
| DIS The Walt Disney Company | 6 | +6.5% | |
| FOX Fox Corporation (Class B) | 5 | -8.6% | |
| NFLX Netflix, Inc. | 8 | +16.2% | |
| NWS News Corp (Class B) | 7 | +8.8% | |
| PSKY Paramount Skydance Corp | 6 | +2.2% | |
| ROKU Roku, Inc. | 9 | +22.4% | |
| TKO TKO Group Holdings | 7 | +25.9% | |
| WBD Warner Bros. Discovery | 4 | -1.0% |