Live Nation Entertainment (LYV) vs Warner Music Group (WMG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Live Nation Entertainment (LYV) has outperformed Warner Music Group (WMG) over the past year, gaining 10.0% versus a loss of 13.9%. Over five years, LYV leads with a +68.2% price change compared with -40.3% for WMG. Live Nation Entertainment is the larger company by market cap ($39.76 billion vs $14.90 billion), about 2.7 times the size.
On valuation, Warner Music Group trades at a lower forward P/E (14.5x vs 87.5x for Live Nation Entertainment). Warner Music Group pays a dividend yielding 2.67%, while Live Nation Entertainment does not currently pay one. Warner Music Group converts more of its revenue into profit, with a net margin of 5.4% versus 2.0%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | LYV | WMG |
|---|---|---|
| Share price | $170.67 | $28.49 |
| Market cap | $39.76B | $14.90B |
| 1-day change | -0.10% | +1.17% |
| YTD return | +19.89% | -8.18% |
| 1-year return | +9.99% | -13.94% |
| 5-year return | +68.20% | -40.25% |
| P/E ratio (TTM) | — | 22.79 |
| Forward P/E | 87.47 | 14.47 |
| EPS (TTM) | $-1.11 | $1.25 |
| Dividend yield | 0.00% | 2.67% |
| Annual dividend | $0.00 | $0.76 |
| Revenue (latest FY) | $25.20B | $6.71B |
| Revenue growth (YoY) | +8.83% | +4.37% |
| Net income (latest FY) | $495.97M | $365.00M |
| Gross margin | — | 45.85% |
| Operating margin | 4.96% | 10.35% |
| Net margin | 1.97% | 5.44% |
| 52-week high | $189.25 | $35.42 |
| 52-week low | $125.34 | $23.34 |
| Distance from 52-week high | -9.82% | -19.57% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +18.34% | +32.71% |
| Average volume | 1.94M | 2.07M |
| Shares outstanding | 232.96M | 147.73M |
| Employees | 17,700 | 5,500 |
| Sector | Consumer Discretionary | Consumer Discretionary |
| Industry | Services-Misc. Amusement & Recreation | Services-Misc. Amusement & Recreation |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Live Nation Entertainment is about 2.7 times larger than Warner Music Group by market value ($39.76B vs $14.90B).
- LYV has outperformed WMG by 23.9 percentage points over the past year.
- Warner Music Group offers a meaningfully higher dividend yield (2.67% vs 0.00%).
About Live Nation Entertainment
LYV stock →Live Nation Entertainment, Inc. operates as a live entertainment company worldwide.
Consumer Discretionary · Services-Misc. Amusement & Recreation · 17,700 employees
About Warner Music Group
WMG stock →Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally.
Consumer Discretionary · Services-Misc. Amusement & Recreation · 5,500 employees
LYV vs WMG FAQ
Which is bigger, Live Nation Entertainment or Warner Music Group?
Live Nation Entertainment (LYV) is larger, with a market capitalization of $39.76B compared with $14.90B for Warner Music Group (WMG).
Which stock has performed better over the past year, LYV or WMG?
LYV returned +9.99% over the past 12 months, compared with -13.94% for WMG (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, Live Nation Entertainment or Warner Music Group?
Warner Music Group pays a dividend yielding 2.67%, while Live Nation Entertainment does not currently pay a regular dividend.
Are Live Nation Entertainment and Warner Music Group in the same industry?
Yes. Both are classified in the Services-Misc. Amusement & Recreation industry within the Consumer Discretionary sector.