DRAFTKINGS INC. vs LIVE NATION ENTERTAINMENT, INC., two Entertainment stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Both operate at the scaling end of live entertainment: DraftKings runs online sports betting, Live Nation runs concerts and ticketing. Neither keeps much of a dollar today. DraftKings sits near breakeven as it spends to grow, while Live Nation's 0.33% net margin is structural, since ticket money passes through to artists and venues. On cash, DraftKings actually converts better right now, a 5.43% free cash yield against Live Nation's 2.91%. DraftKings earns 9.69% on equity. By market value the two are far apart, $13.1 billion at DraftKings and $41.7 billion at Live Nation. DraftKings is the growth betting platform, Live Nation the established events machine, one priced for scaling and one for volume.
Comparison updated 2026-07-11.
| Metric | DKNG | LYV |
|---|---|---|
| Price | $26.48 | $179.86 |
| Market cap | $13.5B | $41.8B |
| Sector | Entertainment | Entertainment |
| Stage | Growth | Mature |
| Implied growth (priced in) | +21.5% | +35.9% |
| P/B | 22.35 | 86.75 |
| P/S | 2.15 | 1.63 |
| EV/EBITDA | 344.4 | 27.7 |
| Revenue growth | +25.3% | +12.7% |
| Operating margin | 0.4% | -9.8% |
| Net margin | 0.9% | 0.3% |
| Return on equity | 9.7% | 17.4% |
| Return on assets | 1.4% | 0.3% |
| Return on invested capital | 4.8% | 8.4% |
| FCF yield | 5.3% | 2.9% |
| Debt / equity | 0.00 | 13.93 |
| Current ratio | 1.02 | 0.88 |
| Altman Z (solvency) | 1.58 | 6.78 |
| Piotroski F (quality) | 4 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.