Live Nation Entertainment, Inc. (LYV) reported mixed fourth-quarter 2023 results, with earnings missing the Zacks Consensus Estimate and revenues beating the same. Revenues surpassed the consensus estimate for the seventh straight quarter.Following the results, the company’s shares increased 3.8% in the after-hour trading session on Feb 22.The company has been benefiting from the pent-up demand for live events and robust ticket sales. It continues to benefit from the robust performance of Ticketmaster and a ...

The shares of Live Nation Entertainment Inc (NYSE:LYV) are on the rise today, following the company's upbeat fourth-quarter results, after which no fewer than seven analysts lifted their price targets. Jefferies also reiterated its "buy" rating, noting it expects the accelerating revenues and margin improvements to continue. All 16 analysts in coverage already carry a "buy" or better rating on the security. At last glance, LYV was up 3.9% at $97.10. Earlier as high as $101.50, the stock nearly surpassed its ...

Ticketmaster owner Live Nation Entertainment Inc (NYSE:LYV) exceeded fourth-quarter revenue expectations, driven by robust concert demand during the holiday season. Both advertising and ticket revenues surged during the period as the post-pandemic trend of consumers increasing their spending on leisure continued. Concerts from artists like Jennifer Lopez and Sean Paul are scheduled for 2024, but the company warned that growth will be more weighted to the second half. Total sales increased by 36% during the ...

Live Nation (LYV) reported $5.84 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 36.1%. EPS of -$1.22 for the same period compares to -$1.09 a year ago.The reported revenue represents a surprise of +23.73% over the Zacks Consensus Estimate of $4.72 billion. With the consensus EPS estimate being -$1.13, the EPS surprise was -7.96%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...

Live Nation (LYV) came out with a quarterly loss of $1.22 per share versus the Zacks Consensus Estimate of a loss of $1.13. This compares to loss of $1.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.96%. A quarter ago, it was expected that this ticket seller and concert promoter would post earnings of $1.27 per share when it actually produced earnings of $1.78, delivering a surprise of 40.16%.Over the last four quarters ...

Revenue and Operations - For the year ended December 31, 2023, international operations accounted for approximately 37% of total revenue, with foreign exchange rate operating income of $29.6 million[146]. - Operating income for Q1 2023 was $142.8 million, Q2 was $386.4 million, Q3 was $618.5 million, and Q4 was a loss of $81.5 million[150]. - The company’s financial performance is seasonal, with typically lower performance in Q1 and Q4 due to outdoor venue usage[149]. Financial Position - As of December 31, 2023, total indebtedness was $6.6 billion, with available borrowing capacity under the revolving portion of the senior secured credit facility at $898.4 million[158]. - The company relies on cash flows from subsidiaries to meet obligations, which may be restricted by senior secured credit facility terms[164]. - The issuance of shares upon conversion of convertible notes may dilute existing stockholders' ownership interests and affect per share results[165]. Risks and Challenges - The company experienced foreign exchange operating losses of $39.8 million in 2022 and $9.2 million in 2021, impacting overall operating income[146]. - The company faces risks related to labor disturbances due to unionized labor, which could disrupt operations and financial performance[154]. - Increased insurance costs and challenges in obtaining adequate coverage could adversely impact profitability and financial condition[151]. - Future acquisitions may be limited by the ability to identify suitable targets and financing terms, impacting growth potential[147].

Exhibit 99.1 LIVE NATION ENTERTAINMENT REPORTS FULL YEAR AND FOURTH QUARTER 2023 RESULTS "The live music industry reached new heights in 2023, and demand for live music continues to build. Our digital world empowers artists to develop global followings, while inspiring fans to crave in-person experiences more than ever. At the same time, the industry is delivering a wider variety of concerts which draws in new audiences, and developing more venues to support a larger show pipeline. Against this backdrop, we ...

TUCSON, Ariz., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Simpleview has announced an exciting new partnership with Ticketmaster, designed to give destination marketing organizations (DMOs) an unbeatable event and ticketing solution. Simpleview, the leading provider of CRM, CMS, and marketing solutions for destinations worldwide, and Ticketmaster, the global market leader in live event ticketing products and services, diligently crafted this one-of-a-kind partnership to help DMOs bring events to visitors' digital do ...

Live Nation Entertainment, Inc. (LYV) is scheduled to report fourth-quarter 2023 results on Feb 22, after market close. In the last reported quarter, the company delivered an earnings surprise of 40.2%.Q4 EstimatesThe Zacks Consensus Estimate for the fourth-quarter loss is pegged at $1.08 per share. In the prior-year quarter, the company had reported an adjusted loss per share of $1.09. The consensus mark for revenues is pegged at $4.72 billion, suggesting a 10% year-over-year rise.Factors to NoteLive Natio ...

Wall Street analysts expect Live Nation (LYV) to post quarterly loss of $1.08 per share in its upcoming report, which indicates a year-over-year increase of 0.9%. Revenues are expected to be $4.72 billion, up 10% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 69.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings release, ...