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Side-by-side financial comparison of Electronic Arts (EA) and Live Nation Entertainment (LYV). Click either name above to swap in a different company.

Live Nation Entertainment is the larger business by last-quarter revenue ($6.3B vs $1.9B, roughly 3.3× Electronic Arts). Electronic Arts runs the higher net margin — 4.6% vs -3.2%, a 7.8% gap on every dollar of revenue. On growth, Live Nation Entertainment posted the faster year-over-year revenue change (11.1% vs 1.0%). Over the past eight quarters, Live Nation Entertainment's revenue compounded faster (28.9% CAGR vs 3.4%).

Electronic Arts Inc. (EA) is an American video game company headquartered in Redwood City, California. Founded in May 1982 by former Apple employee Trip Hawkins, the company was a pioneer of the early home computer game industry and promoted the designers and programmers responsible for its games as "software artists".

Live Nation Entertainment, Inc. is an American multinational entertainment company that was founded in 2010 following the merger of Live Nation and Ticketmaster. It continues to operate both brands as subsidiary companies, promoting and managing ticket sales for live entertainment internationally. It also owns and operates entertainment venues and manages the careers of music artists.

EA vs LYV — Head-to-Head

Bigger by revenue
LYV
LYV
3.3× larger
LYV
$6.3B
$1.9B
EA
Growing faster (revenue YoY)
LYV
LYV
+10.2% gap
LYV
11.1%
1.0%
EA
Higher net margin
EA
EA
7.8% more per $
EA
4.6%
-3.2%
LYV
Faster 2-yr revenue CAGR
LYV
LYV
Annualised
LYV
28.9%
3.4%
EA

Income Statement — Q3 2026 vs Q4 2025

Metric
EA
EA
LYV
LYV
Revenue
$1.9B
$6.3B
Net Profit
$88.0M
$-202.1M
Gross Margin
73.8%
Operating Margin
6.7%
-2.3%
Net Margin
4.6%
-3.2%
Revenue YoY
1.0%
11.1%
Net Profit YoY
-70.0%
-204.6%
EPS (diluted)
$0.35
$-1.06

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EA
EA
LYV
LYV
Q4 25
$1.9B
$6.3B
Q3 25
$1.8B
$8.5B
Q2 25
$1.7B
$7.0B
Q1 25
$1.9B
$3.4B
Q4 24
$1.9B
$5.7B
Q3 24
$2.0B
$7.7B
Q2 24
$1.7B
$6.0B
Q1 24
$1.8B
$3.8B
Net Profit
EA
EA
LYV
LYV
Q4 25
$88.0M
$-202.1M
Q3 25
$137.0M
$431.5M
Q2 25
$201.0M
$243.4M
Q1 25
$254.0M
$23.2M
Q4 24
$293.0M
$193.2M
Q3 24
$294.0M
$451.8M
Q2 24
$280.0M
$298.0M
Q1 24
$182.0M
$-46.7M
Gross Margin
EA
EA
LYV
LYV
Q4 25
73.8%
Q3 25
75.9%
Q2 25
83.3%
Q1 25
80.6%
Q4 24
75.8%
Q3 24
77.5%
Q2 24
84.2%
Q1 24
79.9%
Operating Margin
EA
EA
LYV
LYV
Q4 25
6.7%
-2.3%
Q3 25
10.9%
9.3%
Q2 25
16.2%
6.9%
Q1 25
20.8%
3.4%
Q4 24
20.0%
-4.3%
Q3 24
19.0%
8.4%
Q2 24
21.9%
7.7%
Q1 24
13.2%
-1.0%
Net Margin
EA
EA
LYV
LYV
Q4 25
4.6%
-3.2%
Q3 25
7.4%
5.1%
Q2 25
12.0%
3.5%
Q1 25
13.4%
0.7%
Q4 24
15.6%
3.4%
Q3 24
14.5%
5.9%
Q2 24
16.9%
4.9%
Q1 24
10.2%
-1.2%
EPS (diluted)
EA
EA
LYV
LYV
Q4 25
$0.35
$-1.06
Q3 25
$0.54
$0.73
Q2 25
$0.79
$0.41
Q1 25
$0.99
$-0.32
Q4 24
$1.11
$0.58
Q3 24
$1.11
$1.66
Q2 24
$1.04
$1.03
Q1 24
$0.67
$-0.53

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EA
EA
LYV
LYV
Cash + ST InvestmentsLiquidity on hand
$2.8B
$7.1B
Total DebtLower is stronger
$7.6B
Stockholders' EquityBook value
$6.2B
$271.0M
Total Assets
$13.3B
$22.9B
Debt / EquityLower = less leverage
28.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EA
EA
LYV
LYV
Q4 25
$2.8B
$7.1B
Q3 25
$1.1B
$6.8B
Q2 25
$1.5B
$7.1B
Q1 25
$2.1B
$7.2B
Q4 24
$2.8B
$6.1B
Q3 24
$2.2B
$5.5B
Q2 24
$2.4B
$6.4B
Q1 24
$2.9B
$6.5B
Total Debt
EA
EA
LYV
LYV
Q4 25
$7.6B
Q3 25
$6.1B
Q2 25
$5.0B
Q1 25
$5.9B
Q4 24
$6.2B
Q3 24
$5.7B
Q2 24
$5.1B
Q1 24
$5.1B
Stockholders' Equity
EA
EA
LYV
LYV
Q4 25
$6.2B
$271.0M
Q3 25
$6.0B
$521.3M
Q2 25
$6.1B
$360.1M
Q1 25
$6.4B
$106.0M
Q4 24
$7.4B
$173.3M
Q3 24
$7.4B
$288.0M
Q2 24
$7.4B
$-43.3M
Q1 24
$7.5B
$-114.8M
Total Assets
EA
EA
LYV
LYV
Q4 25
$13.3B
$22.9B
Q3 25
$11.9B
$22.9B
Q2 25
$11.7B
$23.2B
Q1 25
$12.4B
$21.8B
Q4 24
$13.5B
$19.6B
Q3 24
$13.1B
$19.7B
Q2 24
$12.7B
$20.5B
Q1 24
$13.4B
$20.0B
Debt / Equity
EA
EA
LYV
LYV
Q4 25
28.09×
Q3 25
11.71×
Q2 25
13.86×
Q1 25
55.93×
Q4 24
35.65×
Q3 24
19.70×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EA
EA
LYV
LYV
Operating Cash FlowLast quarter
$1.8B
$-53.7M
Free Cash FlowOCF − Capex
$-405.6M
FCF MarginFCF / Revenue
-6.4%
Capex IntensityCapex / Revenue
5.6%
Cash ConversionOCF / Net Profit
20.75×
TTM Free Cash FlowTrailing 4 quarters
$333.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EA
EA
LYV
LYV
Q4 25
$1.8B
$-53.7M
Q3 25
$130.0M
$-95.7M
Q2 25
$17.0M
$223.5M
Q1 25
$549.0M
$1.3B
Q4 24
$1.2B
$1.0B
Q3 24
$234.0M
$-720.9M
Q2 24
$120.0M
$412.1M
Q1 24
$580.0M
$988.9M
Free Cash Flow
EA
EA
LYV
LYV
Q4 25
$-405.6M
Q3 25
$-371.3M
Q2 25
$-39.9M
Q1 25
$1.2B
Q4 24
$890.2M
Q3 24
$-879.0M
Q2 24
$212.4M
Q1 24
$854.8M
FCF Margin
EA
EA
LYV
LYV
Q4 25
-6.4%
Q3 25
-4.4%
Q2 25
-0.6%
Q1 25
34.0%
Q4 24
15.7%
Q3 24
-11.5%
Q2 24
3.5%
Q1 24
22.5%
Capex Intensity
EA
EA
LYV
LYV
Q4 25
5.6%
Q3 25
3.2%
Q2 25
3.8%
Q1 25
5.0%
Q4 24
2.7%
Q3 24
2.1%
Q2 24
3.3%
Q1 24
3.5%
Cash Conversion
EA
EA
LYV
LYV
Q4 25
20.75×
Q3 25
0.95×
-0.22×
Q2 25
0.08×
0.92×
Q1 25
2.16×
56.94×
Q4 24
4.01×
5.41×
Q3 24
0.80×
-1.60×
Q2 24
0.43×
1.38×
Q1 24
3.19×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EA
EA

Live Services And Other Net Revenue$1.3B67%
PC And Other Net Revenue$465.0M24%
Packaged Goods Net Revenue$86.0M5%
Other$56.0M3%
Estimated Service Offering Period$25.0M1%

LYV
LYV

Concerts$5.1B82%
Ticketing$846.2M13%
Sponsorship And Advertising$329.9M5%

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