LIVE NATION ENTERTAINMENT, INC. vs Spotify Technology S.A., two Entertainment stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Live Nation and Spotify both sit at the center of the music economy, one at the live end, the other in streaming. Spotify keeps a healthy 12.87% of revenue and earns 26.56% on equity with no debt, while Live Nation runs a structurally thin 0.33% net margin because ticket money passes through to artists and venues. Spotify also converts a touch better to cash, a 3.3% free cash yield against Live Nation's 2.91%. Spotify is the larger at $94.5 billion to Live Nation's $41.7 billion. A high-margin streaming platform against a high-volume concert and ticketing machine.
Comparison updated 2026-07-11.
| Metric | LYV | SPOT |
|---|---|---|
| Price | $179.86 | $479.98 |
| Market cap | $41.8B | $98.6B |
| Sector | Entertainment | Entertainment |
| Stage | Mature | Growth |
| Implied growth (priced in) | +35.9% | — |
| P/E | — | 41.0 |
| P/B | 86.75 | 10.89 |
| P/S | 1.63 | 5.28 |
| EV/EBITDA | 27.7 | 38.9 |
| Revenue growth | +12.7% | +15.6% |
| Gross margin | — | 32.0% |
| Operating margin | -9.8% | 12.8% |
| Net margin | 0.3% | 12.9% |
| Return on equity | 17.4% | 26.6% |
| Return on assets | 0.3% | 14.7% |
| Return on invested capital | 8.4% | 26.3% |
| FCF yield | 2.9% | 3.2% |
| Debt / equity | 13.93 | 0.00 |
| Current ratio | 0.88 | 1.72 |
| Altman Z (solvency) | 6.78 | 7.90 |
| Piotroski F (quality) | 6 / 9 | 6 / 9 |
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
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.