Live Nation (LYV) Ends 3-Day Run, Tumbles 10.6% on Profit Fall

Group 1 - Live Nation Entertainment, Inc. (NYSE:LYV) experienced a significant decline of 10.59% in stock price, closing at $134.79 after reporting weak third-quarter profits [1][3] - The company's net income attributable to shareholders fell by 4.6% to $431 million compared to $451.8 million in the same quarter last year, primarily due to increased expenses [2] - Despite the profit drop, revenues rose by 11% to $8.5 billion from $7.65 billion year-on-year, indicating strong sales performance [2] Group 2 - Looking forward, Live Nation remains optimistic about its future, highlighting a strong start for the next year with a double-digit increase in large-venue shows [3] - The company is investing in new venues to expand the market, create jobs, and enhance artist-fan connections, aiming for double-digit growth in operating income and AOI [4]