Live Nation Entertainment vs Netflix
Netflix reported revenue of $45.2 billion in fiscal 2025, 1.8 times Live Nation Entertainment's $25.2 billion in fiscal 2025. Live Nation Entertainment's revenue grew 8.8% in its latest year, and Netflix's grew 15.8%. Live Nation Entertainment had an operating margin of 5.0%, against 29.5% at Netflix. Free cash flow was $334 million at Live Nation Entertainment and $9.5 billion at Netflix.
Side by side
| Live Nation Entertainment | Netflix | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $25.2B | $45.2B |
| Revenue growth | 8.8% | 15.8% |
| Revenue growth a year, last 5 years | 68.4% | 12.6% |
| Gross margin | — | 48.5% |
| Operating margin | 5.0% | 29.5% |
| Net margin | 2.0% | 24.3% |
| Free cash flow | $334M | $9.5B |
| Free cash flow margin | 1.3% | 20.9% |
| Return on capital | — | 36.7% |
| Net debt to EBITDA | 0.6x | 0.4x |
| Dividends and buybacks | $24M | $9.1B |
| Change in diluted share count | −1.9% | −1.1% |
| Last close | $172.58 | $63.90 |
| P/E at the last close | — | 18.5× |
| Insider trades, last 12 months | sold $27.0 million | sold $402.5 million |
| Piotroski F-score | 6 of 8 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Live Nation EntertainmentNetflix
Operating margin
Percent of revenue
Live Nation EntertainmentNetflix
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Live Nation EntertainmentNetflix
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Live Nation Entertainment and Netflix pages.