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Lottery.com Inc. Enters New Era as Turnaround Completes and Strategic Acquisitions Accelerate
Globenewswire· 2025-05-28 13:15
Company Poised to Execute on Five-Year Growth Plan Across Lottery, Sports and Entertainment VerticalsFORT WORTH, Texas, May 28, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or the “Company”), a leading technology company in digital lottery, sports and entertainment, announces that its registration statement on Form S-1 has been declared effective by the U.S. Securities and Exchange Commission as of May 14, 2025. This milestone unlocks access to a previously announced $100 m ...
Live Nation Entertainment Elects Richard Grenell to Board of Directors
Prnewswire· 2025-05-20 20:38
Core Points - Live Nation Entertainment has elected Richard Grenell to its Board of Directors, enhancing its leadership team [1] - Grenell brings extensive experience in diplomacy and negotiations, having held significant roles including U.S. Ambassador to Germany and Acting Director of National Intelligence [2] - His expertise is expected to support Live Nation's mission to expand live music globally and advocate for industry reforms that benefit fans and artists [3] Company Overview - Live Nation Entertainment is the leading live entertainment company globally, encompassing major brands such as Ticketmaster, Live Nation Concerts, and Live Nation Media & Sponsorship [4]
Lottery.com Appoints Marc Bircham to Executive Director
Globenewswire· 2025-05-13 18:42
Marc Bircham Marc Bircham is the newest director for Lottery.com Inc. FORT WORTH, Texas, May 13, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or the “Company”), a leading technology company in digital lottery, sports and entertainment, announces the appointment of Marc Bircham to its Board of Directors as an Executive Director. Currently serving as Director of Sports.com since March 2024, Bircham has played an instrumental role in advancing the Company’s expansion into ...
Seaport Entertainment Group Inc.(SEG) - 2025 Q1 - Earnings Call Transcript
2025-05-13 13:30
Seaport Entertainment Group (SEG) Q1 2025 Earnings Call May 13, 2025 08:30 AM ET Speaker0 Greetings and welcome to the Seaport Entertainment Group First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Matt Partridge, CFO. Thank you. You may begin. Speaker1 Thank you, operator, and good morning, everyone. Thank you for joining us today for our earnings conference ...
Lottery.com and Sports.com at Indianapolis Motor Speedway
Globenewswire· 2025-05-08 16:48
Sebastian Murray Makes INDY NXT Grand Prix Doubleheader Debut Sebastian Murray Indy NXT driver Sebastain Murray Murray No.2 Car Ahead of Pack at Grand Prix of Alabama Sebastian Murray drives the No.2 car sponsored by Lottery.com and Sports.com in the Grand Prix of Alabama. INDIANAPOLIS, May 08, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (Nasdaq: LTRY, LTRYW) announces that Scottish driver Sebastian Murray is set to make his Indianapolis Grand Prix race debut this weekend, piloting the No. 2 Dream Raci ...
Lottery.com Expands Its Global Footprint in Live Entertainment with $10M Acquisition of Concerts.com and TicketStub.com
Globenewswire· 2025-05-07 18:53
The Future of Ticketing, Streaming, and Events — Live Now and Ready to ScaleFORT WORTH, Texas, May 07, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ: LTRY, LTRYW), a leading technology company transforming the intersection of gaming, sports, and entertainment, today announced that it has signed a Letter of Intent (“LOI”) to acquire a majority stake in DotCom Ventures Inc., a Nevada corporation (“DVI”), together with the premium domain assets Concerts.com and TicketStub.com, in a transaction valued at $1 ...
Live Nation's Q1 Loss Narrower Than Expected, Revenues Down Y/Y
ZACKS· 2025-05-02 15:25
Core Insights - Live Nation Entertainment, Inc. (LYV) reported first-quarter 2025 results with adjusted loss per share of 32 cents, which was better than the Zacks Consensus Estimate of a loss of 34 cents, but revenues of $3,382.1 million missed the consensus mark of $3,485 million, reflecting an 11% year-over-year decline [1][3]. Financial Performance - The Concerts segment generated revenues of $2.48 billion, down 14% year over year, while the Ticketing segment reported revenues of $694.7 million, a decrease of 4% from the prior-year quarter [4][5]. - Sponsorship & Advertising revenues increased by 2% year over year to $216.1 million, with adjusted operating income rising 5% to $136 million [5]. Market Trends - Despite the revenue declines, LYV benefits from strong pent-up demand for live events, with 95 million tickets sold through mid-April, indicating strong double-digit growth compared to the same period last year, and stadium ticket sales soaring over 80% [2]. Financial Position - As of March 31, 2025, Live Nation's cash and cash equivalents totaled $7.2 billion, an increase from $6.1 billion at the end of 2024. Net long-term debt decreased to $5.92 billion from $6.18 billion [6].
Here's What Key Metrics Tell Us About Live Nation (LYV) Q1 Earnings
ZACKS· 2025-05-01 23:06
Financial Performance - For the quarter ended March 2025, Live Nation reported revenue of $3.38 billion, down 11% year-over-year, and EPS of -$0.32 compared to -$0.53 in the same quarter last year [1] - The reported revenue was a surprise of -2.89% compared to the Zacks Consensus Estimate of $3.48 billion, while the EPS surprise was +5.88% against the consensus estimate of -$0.34 [1] Key Metrics - Estimated attendance for concerts totaled 22.31 million, below the average estimate of 23.37 million from five analysts [4] - Total fee-bearing tickets sold were 77.49 million, compared to the average estimate of 79.59 million [4] - Revenue from concerts was $2.48 billion, slightly below the estimated $2.51 billion, representing a year-over-year decline of -13.7% [4] - Revenue from sponsorship and advertising was $216.10 million, slightly below the estimate of $216.47 million, with a year-over-year increase of +2.3% [4] - Revenue from ticketing was $694.70 million, compared to the average estimate of $773.21 million, reflecting a year-over-year change of -3.9% [4] Stock Performance - Shares of Live Nation have returned -1.6% over the past month, while the Zacks S&P 500 composite changed by -0.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]
Live Nation Entertainment Reports First Quarter 2025 Results
Prnewswire· 2025-05-01 20:07
LOS ANGELES, May 1, 2025 /PRNewswire/ -- "2025 is shaping up to be a historic year for live music, with a strong start having us on track to deliver double-digit growth in operating income and AOI this year. As more artists tour the world, fan demand is reaching new heights across ticket sales, show attendance, and on-site spending. Ticket sales are pacing well ahead of last year, with deferred revenue for both concerts and ticketing at record levels. To support even more fans seeing their favorite artists ...
Live Nation Gears Up to Report Q1 Earnings: What's in the Offing?
ZACKS· 2025-04-30 15:08
Live Nation Entertainment, Inc. (LYV) is scheduled to report first-quarter 2025 results on May 1, after market close. In the last reported quarter, the company delivered an earnings surprise of 147.1%.Q1 Estimates of LYVThe Zacks Consensus Estimate for the first-quarter loss has widened to 32 cents per share from a loss of 27 cents in the past seven days. In the prior-year quarter, the company reported an adjusted loss per share of 53 cents. The consensus mark for revenues is pegged at $3.49 billion, indica ...