- Live Nation’s 1Q revenue represented a 21% year-on-year increase, reporting $3.80 billion as opposed to the estimated $3.26 billion.
- The company’s concerts revenue saw a 26% year-on-year increase, totaling at $2.88 billion compared to an estimate of $2.39 billion.
- Live Nation’s ticketing revenue reported at $723.2 million, which is a 6.7% jump from the previous year, beating the $698.2 million estimate.
- The company’s sponsorship and advertising revenue increased by 24% year on year to reach $211.3 million, surpassing the estimate of $186.8 million.
- Loss per share has increased from 25 cents to 53 cents.
- Adjusted operating income rose by 15% year on year to $367.4 million, beating the estimate of $320.2 million.
- The estimated number of fee-bearing tickets increased by 6% year on year to 76.58 million, higher than the estimate of 73.18 million.
- Adjusted free cash flow was negative $7.2 million, compared to a positive free cash flow of $190.0 million year on year.
- Live Nation has reported a $186M charge for all liabilities and lawsuits related to Astroworld.
- Confirmed shows for large venues such as stadiums, arenas, and amphitheaters are up double-digits, with growth led by arenas and amphitheaters.
- Over 85% of full-year shows at large venues have been booked, compared to approximately 75% in the previous year.
- Ticketmaster’s revenue increased by 7% to $723 million.
- Live Nation predicts full year Ticketmaster margins to be consistent with those of the previous year.
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Live Nation Entertainment, Inc on Smartkarma
Analysts on Smartkarma have been closely covering Live Nation Entertainment, Inc, with insightful reports that provide valuable perspectives for investors. One notable report, “Live Nation Entertainment Inc.: Initiation Of Coverage – Major Drivers” by Baptista Research, takes a bullish stance on the company’s prospects. The report highlights Live Nation Entertainment’s strong performance in the final quarter and full year of 2023, attributing this growth to strategic business decisions such as deferred revenue, early planning, and a shift towards outdoor amphitheaters. This analysis offers a positive outlook on the company’s trajectory and potential for future success.
A look at Live Nation Entertainment, Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Live Nation Entertainment, Inc. holds a promising long-term outlook based on the Smartkarma Smart Scores analysis. With a growth score of 4 out of 5, the company is projected to experience strong expansion and development opportunities in the future. This suggests that Live Nation Entertainment, Inc. is well-positioned to capitalize on market trends and potentially see significant increases in its business activities.
Although the company scores lower in areas such as value and dividend, with scores of 2 and 1 respectively, its momentum score of 3 and resilience score of 2 indicate a stable performance and a positive upward trend in the market. These factors combined suggest that Live Nation Entertainment, Inc. has the potential to continue growing and capturing opportunities in the live entertainment industry, making it an intriguing prospect for long-term investors.
Summary: Live Nation Entertainment, Inc. is primarily involved in producing live concerts and online ticket sales, along with providing ticketing services for various entertainment venues. The company’s strong growth score indicates promising future expansion prospects in the live entertainment sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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