Live Nation Entertainment, Inc. vs MGM Resorts International — how do they compare? Live Nation Entertainment, Inc. trades at $180.98 (market cap $42.09B), while MGM Resorts International trades at $46.57 (market cap $11.86B). The key difference: Live Nation Entertainment, Inc. is far larger — about 3.5× MGM Resorts International's market cap, and MGM Resorts International pays a 0.03% dividend while Live Nation Entertainment, Inc. pays none. Which is the better fit depends on your goals.
| LYV | MGM | |
|---|---|---|
Market Cap | $42.09B | $11.86B |
Sector | Industrials | Consumer Cyclical |
52-Week High | $186.59 | $50.69 |
52-Week Low | $125.61 | $30.72 |
Enterprise Value | $43.59B | $40.90B |
Dividend Yield | — | 0.03% |
Trailing returns across standard periods
Latest headlines on both assets
Live Nation is the largest live entertainment firm in the world with over 570 million fans served in 44 countries in 2018 by the company's concert and ticketing platforms. Via either owning, operating, or holding exclusive booking rights, Live Nation controls over 235 venues including the House of Blues, the Hollywood Palladium, and Spark Arena in New Zealand. Live Nation also owns one of the largest ticketing services, Ticketmaster, which sold over 480 million tickets for over 12,000 clients in 2018. The firm's artist management agencies have over 400 clients. This large live entertainment footprint helped Live Nation become one of the largest advertising and sponsorship platforms aimed at music fans. Liberty Media owns 33% of Live Nation, held under its SiriusXM tracking stock.
Read more on LYV →MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Cosmopolitan, Luxor, New York-New York, and CityCenter. The Strip contributed approximately 49% of total EBITDAR in the prepandemic year of 2019. MGM also owns U.S. regional assets, which represented 29% of 2019 EBITDAR. we estimate MGM's U.S. sports and iGaming operations are currently a mid-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM Macau casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2027.
Read more on MGM →