Open contest
20 companies value 130 bn revenue 44 bn margin -2.7% free cash flow 5.1 bn avg. score 2.4
LYV holds 31.1% of the group's value, 1.2x the runner-up
| Rank | Ticker | Company | Share | Value | Revenue | Margin | FCF | 5 years | FCF/px | Yield | What it does · why it is here |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | LYV | Live Nation Entertainment United States · score 4.6 | 31% | 40 bn | 26 bn | 0.5% | 1.4 bn | 3.4% | 0.7% | Live concerts, venues and Ticketmaster · Dominates live events and ticketing (Ticketmaster) globally | |
| 2 | TKO | TKO Group Holdings United States · score 6.0 | 26% | 33 bn | 5.3 bn | 4.3% | 1.8 bn | 5.4% | 0.7% | UFC and WWE fighting sports · Owner of UFC and WWE; media rights in an upcycle | |
| 3 | FWONA | Liberty Media Corp United States · score 5.0 | 16% | 21 bn | 4.3 bn | 9.4% | 0.8 bn | 4.0% | — | Motorsport and live entertainment: Formula 1 · Colorado — revenue of $4.3bn | |
| 4 | MSGS | Madison Square Garden Sports United States · score 2.7 | 7% | 9.6 bn | 1.1 bn | 0.7% | 0.1 bn | 0.6% | — | The New York Knicks and New York Rangers teams · Owner of the Knicks and the Rangers: sports as a scarce asset | |
| 5 | LLYVA | Liberty Live Holdings, Inc. United States · score 0.0 | 7% | 8.7 bn | 0.4 bn | -108.1% | -0.0 bn | -0.1% | — | A 69.6 million share stake in Live Nation · Colorado — revenue of $407m | |
| 6 | SPHR | Sphere Entertainment Co. United States · score 4.1 | 3% | 3.7 bn | 1.4 bn | -5.2% | 0.4 bn | 10.8% | — | Live entertainment: the Las Vegas Sphere and MSG Networks · New York — revenue of $1.4bn | |
| 7 | MSGE | Madison Square Garden Entertainment Corp. United States · score 6.9 | 3% | 3.7 bn | 1.0 bn | 6.5% | 0.3 bn | 9.6% | — | New York entertainment venues, including Madison Square Garden · New York — revenue of $1bn | |
| 8 | MANU | Manchester United plc United Kingdom · score 2.8 | 3% | 3.5 bn | 0.9 bn | -6.3% | 0.1 bn | 3.5% | — | The Manchester United football club · United Kingdom — revenue of $904m | |
| 9 | BATRA | Atlanta Braves Holdings, Inc. United States · score 0.0 | 3% | 3.5 bn | 0.8 bn | -8.6% | -0.2 bn | -4.5% | — | The Atlanta Braves baseball team and The Battery complex · Georgia — revenue of $750m | |
| 10 | STUB | StubHub Holdings, Inc. United States · score 4.4 | 2% | 2.3 bn | 1.9 bn | -91.3% | 0.6 bn | 28.0% | — | Largest secondary ticket marketplace for live events · New York — revenue of $1.9bn | |
| 11 | ENHA | Enhanced Group Inc. United States · score 0.0 | 0% | 0.5 bn | 0.0 bn | -557.6% | -0.1 bn | -14.7% | — | Sports competitions that allow performance-enhancing substances (Enhanced Games) and subscription telehealth · New York — revenue of $18m | |
| 12 | VENU | Venu Holding Corp United States · score 0.0 | 0% | 0.1 bn | 0.0 bn | -250.6% | -0.2 bn | -358.4% | — | Music venues and live entertainment experiences · Colorado — revenue of $18m | |
| 13 | SEAT | Vivid Seats Inc. United States · score 4.9 | 0% | 0.0 bn | 0.4 bn | 199.6% | 0.0 bn | 23.9% | — | Online ticket marketplace for live events · Illinois — revenue of $404m | |
| 14 | KUST | KUSTOM ENTERTAINMENT, INC. United States · score 0.0 | 0% | 0.0 bn | 0.0 bn | -123.1% | -0.0 bn | -269.7% | — | Ticket marketplace and live music festivals, former police camera maker · Kansas — revenue of $5m | |
| 15 | NOMA | Nomadar Corp. United States · score 0.3 | 0% | 0.0 bn | 0.0 bn | -259.4% | 0.0 bn | -7.4% | — | Youth soccer player training and stadium events, with an arena planned in Spain · Texas — revenue of $1m | |
| 16 | XHLD | TEN Holdings, Inc. United States · score 0.0 | 0% | 0.0 bn | 0.0 bn | -627.5% | -0.0 bn | -76.2% | — | Event planning, production and broadcasting · Pennsylvania — revenue of $3m | |
| 17 | CPOP | Pop Culture Group Co., Ltd China · score 1.6 | — | — | 0.1 bn | -6.8% | 0.0 bn | — | — | Hip-hop culture events and content in China · China — revenue of $135m | |
| 18 | NIPG | NIP Group Inc. Sweden · score 0.8 | — | — | 0.1 bn | -187.7% | -0.0 bn | — | — | Esports team and tournament organization · Sweden — revenue of $127m | |
| 19 | BUUU | BUUU Group Ltd Hong Kong · score 3.9 | — | — | 0.0 bn | -4.0% | 0.0 bn | — | — | Event management and stage production in Hong Kong · Hong Kong — revenue of $7m | |
| 20 | TDIC | Dreamland Ltd Hong Kong · score 0.7 | — | — | 0.0 bn | -146.1% | 0.0 bn | — | — | Business services · Hong Kong — revenue of $6m |
Other industries in the same sector
- Sector overview
- Search and digital advertising 5 companies
- Streaming and entertainment 9 companies
- Telecom carriers 11 companies
- International telecom 22 companies
- Video games 18 companies
- Cable TV and media 11 companies
- Journalism and digital media 18 companies
- Niche social networks 21 companies
- Communications satellites 11 companies
- Broadcast TV and stations 7 companies
- Traditional advertising 14 companies
- Radio and subscription audio 12 companies
and 2 industries more
- Music and catalogs 2 companies
- Film and TV studios 8 companies
What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.
The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.
The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.