Live Nation swings to $371 million Q1 operating loss on $450 million legal accrual
Live Nation reported first-quarter 2026 revenue of $3.8 billion, up 12%, and adjusted operating income of $371 million, up 9%. A $450 million legal accrual pushed the company to an operating loss of $370.5 million and a net loss per share of $(1.85), compared with $(0.32) a year earlier. The company says it remains on pace to grow adjusted operating income by double digits in 2026, but the accrual will weigh on 2026 operating income.
Key points
- Revenue was $3.8 billion, up 12% from $3.38 billion in Q1 2025.
- Operating loss of $370.5 million, compared with operating income of $114.8 million a year earlier, reflecting the $450 million legal accrual.
- Basic and diluted net loss per share was $(1.85), versus $(0.32) in Q1 2025; the accrual reduced EPS by $(1.93).
- Adjusted operating income was $371 million, up 9%, and cash and cash equivalents stood at $9.1 billion on March 31, 2026.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.