Live Nation Entertainment Inc
LYV
ISIN US5380341090 / Valor 2399470
Live Nation Entertainment Inc
UMushroom community rating:
About company
Live Nation Entertainment Inc is a global entertainment company that operates in the live music industry. The company has established the Live Nation Women Fund, which is a global, early-stage fund aimed at improving gender equality by investing in female-founded live music businesses. The fund provides capital and resources for underrepresented female entrepreneurs in the live music space.
Summarized from source with an LLMView SourceSector: Consumer ServicesLatest Results (17.12.2024):
Revenue Performance
Live Nation Entertainment Inc. reported a revenue of $7.7 billion for the third quarter of 2024. This figure reflects a 6% decrease compared to the same period in the previous year, when revenue was $8.15 billion. Despite the decline, the company continues to experience strong demand across its various segments.
Operating Income
The company's operating income for the third quarter of 2024 was $640 million, slightly down by 2% from the previous year's $653.7 million. Adjusted operating income stood at $910 million, indicating a robust performance despite the impact of one-time accruals.
Concerts Profitability
Live Nation Entertainment Inc. achieved its highest ever concerts profitability in the third quarter of 2024, with an adjusted operating income of $474 million, marking a 39% increase from the previous year. The adjusted operating income margin improved by more than two hundred basis points to 7.2%.
Ticket Sales Growth
Ticket sales for Live Nation concerts reached 144 million through October 2024, representing a 3% increase compared to the same period last year. October transacted ticket sales for Ticketmaster rose by 15% on all ticket volume and 23% for concert events, including Live Nation shows.
Sponsorship and Venue Expansion
Live Nation Entertainment Inc. reported a 6% increase in sponsorship and advertising revenue, totaling $390 million for the third quarter of 2024. The company also highlighted its ongoing venue expansion efforts, with plans to add or refurbish 14 venues through 2025, expected to increase capacity by an incremental eight million fans.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
30750 M
Market cap (USD)
368,232
Daily traded volume (Shares)
133.66 / 132.82
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
Vladimir Jovicic
Luba Schoenig
Hein Sweerts de Landas
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