In fiscal year 2025 Warner Bros. Discovery reported $37.3B in revenue against Live Nation Entertainment's $25.2B, 1.48× as much.
| Measure | LYV | WBD | Gap |
|---|---|---|---|
| Revenue | $25.2B | $37.3B | ×1.48 |
| Operating income | $1.3B | $738M | ×1.70 |
| Net income | $496M | $727M | ×1.47 |
| EPS (diluted) | −0.24 | 0.29 | — |
| Total assets | $22.9B | $100B | ×4.37 |
| Shareholders' equity | $271M | $35.9B | ×132.54 |
| Cash | $7.1B | $4.6B | ×1.55 |
| Long-term debt | $7.6B | $32.6B | ×4.28 |
| Shares outstanding | 235M | 2.5B | ×10.56 |
| Net margin | 2.0% | 1.9% | ×1.01 |
| Operating margin | 5.0% | 2.0% | ×2.51 |
| Operating cash flow | $1.4B | $4.3B | ×3.10 |
| Capital expenditure | $1.1B | $1.2B | ×1.16 |
| Free cash flow | $334M | $3.1B | ×9.26 |
| Income tax expense | $340M | $890M | ×2.62 |
| Share buybacks | $23.5M | $0 | — |
The larger of the two figures is in bold. Larger is not automatically better: on debt, cost and tax a bigger number is simply a bigger number. This site reports the figures and leaves the judgement to you.
Revenue, year by year
Live Nation Entertainment · 2011–2025
Warner Bros. Discovery · 2016–2025
Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Live Nation Entertainment vs Warner Bros. Discovery |url=https://companiesranked.com/en/compare/live-nation-entertainment-vs-warner-bros-discovery |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Live Nation Entertainment vs Warner Bros. Discovery. CompaniesRanked. https://companiesranked.com/en/compare/live-nation-entertainment-vs-warner-bros-discoveryBibTeX
@misc{companiesranked-en-compare-live-nation-entertainment-vs-warner-bros-discovery-2026,
author = {{CompaniesRanked}},
title = {{Live Nation Entertainment vs Warner Bros. Discovery}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/compare/live-nation-entertainment-vs-warner-bros-discovery}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.