Live Nation (LYV) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Live Nation (LYV) reported $7.65 billion in revenue for Q3 2024, a year-over-year decline of 6.1$1.66 compared to $1.78 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of$7.75 billion, resulting in a surprise of -1.33%, while the EPS exceeded expectations by +5.06% [1] Revenue and Earnings Performance - Revenue from concerts was $6.58 billion, slightly below the estimated$6.64 billion, reflecting a -5.7% change year-over-year [3] - Sponsorship & Advertising revenue was $390.30 million, compared to the average estimate of$404.21 million, showing a +6.4% year-over-year increase [3] - Ticketing revenue was reported at $693.70 million, below the estimated$743.97 million, indicating a -16.7% year-over-year decline [3] Key Metrics Overview - Total estimated fans for concerts were 50.1 million, lower than the average estimate of 51.56 million [3] - The estimated number of fee-bearing tickets was 83.23 million, compared to the average estimate of 86.73 million [3] - Estimated events for concerts totaled 12.83 million, slightly below the average estimate of 12.94 million [3] - North America estimated fans were 32.9 million, compared to the average estimate of 35.46 million [3] - International estimated fans were 17.2 million, exceeding the average estimate of 16.74 million [3] Stock Performance - Live Nation shares have returned +7.1% over the past month, outperforming the Zacks S&P 500 composite's +4.4% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]