LIVE NATION ENTERTAINMENT, INC. vs Tencent Music Entertainment Group, two Entertainment stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Live Nation runs concerts and Ticketmaster; Tencent Music leads China's music-streaming market as an ADR. The margins sit at opposite ends: Tencent keeps a rich 25.03% of revenue as a light digital platform, while Live Nation keeps 0.33% because ticket money flows through to artists and venues. Tencent converts far better to cash too, a 10.63% free cash yield against Live Nation's 2.91%, and carries no net debt. By market value Live Nation is the larger at $41.7 billion against Tencent's $12.9 billion. Tencent Music is the asset-light streaming leader abroad, Live Nation the sprawling live-events operator at home.
Comparison updated 2026-07-11.
| Metric | LYV | TME |
|---|---|---|
| Price | $179.86 | $8.89 |
| Market cap | $41.8B | $13.7B |
| Sector | Entertainment | Entertainment |
| Stage | Mature | Mature |
| Implied growth (priced in) | +35.9% | — |
| P/B | 86.75 | 1.43 |
| P/S | 1.63 | 3.50 |
| EV/EBITDA | 27.7 | 9.9 |
| Revenue growth | +12.7% | -0.5% |
| Gross margin | — | 42.3% |
| Operating margin | -9.8% | 30.7% |
| Net margin | 0.3% | 25.0% |
| Return on equity | 17.4% | 10.2% |
| Return on assets | 0.3% | 7.9% |
| Return on invested capital | 8.4% | 10.2% |
| FCF yield | 2.9% | 10.0% |
| Debt / equity | 13.93 | 0.00 |
| Current ratio | 0.88 | 2.09 |
| Altman Z (solvency) | 6.78 | 4.06 |
| Piotroski F (quality) | 6 / 9 | 7 / 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.