Michael Rapino, an insider at Live Nation Entertainment Inc (LYV), sold 4,290,996 shares at a price of $129.56 per share, totaling $555.94 million on November 24, 2025. Following this transaction, Rapino retains 4,290,996 shares of the company.
Live Nation operates in the media industry and is a leading producer of live music concerts. The company, headquartered in Beverly Hills, California, employs 16,200 full-time staff and went public on December 14, 2005. It segments its business into Concerts, Ticketing, and Sponsorship & Advertising. The Concerts segment focuses on promoting live events and managing music venues, while the Ticketing segment sells tickets on behalf of clients. The Sponsorship & Advertising segment develops relationships with sponsors to leverage concert and festival assets.
As of November 27, 2025, Live Nation has a market capitalization of $30.4 billion, with a price-to-earnings ratio of 33.85 and earnings per share of 3.82. The company is set to report earnings on August 5, 2026, with an estimated EPS of $1.19 and revenue of $7.7 billion.
Insider transactions, such as this sale, must be reported to the SEC, providing insights into executive sentiment regarding company stock. However, selling activity by a single insider should be viewed in context with broader trends and patterns across multiple insiders and time periods.