Financial Performance - Operating income for 2024 reached $825 million, with adjusted operating income of $2.15 billion, reflecting a 14% increase year-on-year[4]. - Full-year revenue for 2024 was reported at $19 billion, a 2% increase from 2023[6]. - Total revenue for 2024 reached $23,155,625, an increase of 1.9% from $22,726,317 in 2023[38]. - Operating income decreased to $824,510 in 2024 from $1,084,933 in 2023, reflecting a decline of 24%[38]. - Net income attributable to common stockholders of Live Nation increased to $896,287 in 2024, up 61% from $556,893 in 2023[38]. - Basic net income per common share rose to $2.77 in 2024, compared to $1.35 in 2023, marking a 105% increase[38]. - Net income for 2024 reached $1,131,124, a significant increase of 60.9% compared to $703,798 in 2023[40]. - The company reported a net income before income taxes of $739,426 in 2024, down from $913,274 in 2023, a decline of 19%[38]. Concert and Event Metrics - Concert attendance increased by 4%, totaling 151 million fans at over 50,000 Live Nation events, which is a 9% rise compared to the previous year[4]. - Adjusted operating income for concerts hit a record high of $530 million, up 65%, with margins of 2.8%[4]. - Ticketmaster's transacted ticketing volume for 2025 shows increased by 3% to 106 million tickets, driven primarily by concert activity[4]. - Year-end event-related deferred revenue amounted to $3.3 billion, marking an 11% increase[4]. - The stadium show pipeline expanded by 60%, indicating strong future demand[4]. Sponsorship and Venue Expansion - Sponsorship adjusted operating income rose to $764 million, up 13% from the previous year[4]. - The company plans to add 20 large venues globally through 2026, which is expected to accommodate an additional six to seven million fans[6]. - The company anticipates adding 20 large venues through 2026, which is expected to deliver a run-rate of six to seven million incremental fans[25]. - The expected level of committed sponsorship in 2025 is anticipated to be strong, contributing to revenue growth[25]. Cash Flow and Capital Expenditures - The net cash provided by operating activities for 12 months 2024 was $1,725.2 million, compared to $1,363.0 million in 12 months 2023[23]. - Free cash flow — adjusted for 12 months 2024 was $1,150.0 million, slightly up from $1,128.8 million in 12 months 2023[23]. - The company reported a free cash balance of $1,594.7 million as of December 31, 2024[23]. - Capital expenditures for 2025 are estimated between $900 million to $1 billion, with $700 to $800 million allocated for venue expansion and enhancement[14]. - The anticipated capital expenditures for 2025 are expected to support ongoing growth initiatives[25]. Balance Sheet and Debt - Total assets increased to $19,638,771 in 2024, up from $19,029,640 in 2023, representing a growth of 3.2%[36]. - Total current liabilities decreased to $9,358,279 in 2024 from $9,984,434 in 2023, a reduction of 6.2%[36]. - Long-term debt increased to $6,177,168 in 2024, compared to $5,459,026 in 2023, indicating a rise of 13.1%[36]. - Cash and cash equivalents were $6,095,424 in 2024, slightly down from $6,231,866 in 2023, a decrease of 2.2%[36]. Other Financial Metrics - The accumulated deficit improved to $(1,546,819) in 2024 from $(2,443,106) in 2023, showing a reduction of 36.7%[36]. - Total depreciation for 2024 was $300,003, an increase of 12.5% from $266,590 in 2023[40]. - The company reported a net cash used in investing activities of $854,281, which is an increase of 22.8% compared to $695,805 in 2023[40]. - Proceeds from long-term debt, net of debt issuance costs, amounted to $1,671,842, a substantial increase from $1,061,026 in 2023[40]. - Payments on long-term debt, including extinguishment costs, rose to $1,959,725, up 168.5% from $730,643 in 2023[40]. - Cash paid for income taxes increased to $253,652, compared to $175,148 in 2023, reflecting a rise of 44.7%[40]. - The company experienced a decrease in accounts receivable by $181,430, contrasting with a significant increase of $525,739 in 2023[40]. - The effect of exchange rate changes on cash resulted in a loss of $345,191, compared to a gain of $38,874 in 2023[40].

Core Insights - 2024 was a record year for live music, with significant global demand and artist tours, and 2025 is expected to surpass it due to a robust concert pipeline and increased stadium shows [1][2] - The company is focused on expanding music-centric venues to enhance live music experiences and drive double-digit growth in operating income and adjusted operating income (AOI) [1][3] Financial Performance - Operating income for 2024 reached $825 million, with adjusted operating income of $2.15 billion, marking a 65% increase in concert-related AOI to $530 million [3][11] - Concert attendance increased by 4%, totaling 151 million fans across over 50,000 events, despite a 30% reduction in stadium shows [3][11] - Revenue for 2024 was $19 billion, up 2% year-over-year, with a record AOI margin of 2.8% [3][11] Growth and Expansion - The stadium show pipeline has increased by 60%, with 65 million tickets sold for 2025 concerts, reflecting double-digit growth driven by stadium and international activities [3][11] - The company plans to add 20 large venues globally by 2026, which is expected to bring in an additional 6 to 7 million fans [3][11] - Investments in artists have more than doubled over the past five years, indicating a commitment to supporting music creators while enhancing fan experiences [1][3] Sponsorship and Ticketing - 75% of expected sponsorship for 2025 is already committed, showing strong growth in this area [3][6] - Ticketmaster's transacted ticketing volume for 2025 is up 3%, with concerts driving most of the growth [3][11] Future Outlook - The company anticipates continued strong demand for concerts in 2025, with Q2 and Q3 stadium activities expected to be primary growth drivers [12][21] - Capital expenditures for 2025 are estimated between $900 million to $1 billion, primarily for venue expansion [12][21]

Core Insights - Live Nation Entertainment, Inc. will participate in a fireside chat at Morgan Stanley's Technology, Media & Telecom Conference on March 5, 2025 [1] - The session will be available via live webcast on the company's website [1] Company Overview - Live Nation Entertainment is recognized as the world's leading live entertainment company [2] - The company includes major global market leaders such as Ticketmaster, Live Nation Concerts, and Live Nation Media & Sponsorship [2]

The Zacks Film and Television Production and Distribution industry is witnessing a surge in demand for digital entertainment due to operational constraints faced by movie theaters, theme parks and cruise lines. This increased consumption of online media, music and news, driven by the work-and-learn-from-home trend, has been a boon for industry players like Live Nation Entertainment (LYV) , TKO Group Holdings, Inc. (TKO) and News Corporation (NWSA) . However, as more players enter the field, content costs ar ...

Live Nation Entertainment, Inc. (LYV) is scheduled to report fourth-quarter 2024 results on Feb. 20, after market close. In the last reported quarter, the company delivered an earnings surprise of 5.1%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Q4 Estimates of LYVThe Zacks Consensus Estimate for the fourth-quarter loss has widened to $1.19 per share from $1.18 in the past 30 days. In the prior-year quarter, the company reported an adjusted loss per share of $1.22. The consensus m ...

Analysts on Wall Street project that Live Nation (LYV) will announce quarterly loss of $1.19 per share in its forthcoming report, representing an increase of 2.5% year over year. Revenues are projected to reach $5.54 billion, declining 5.1% from the same quarter last year.Over the last 30 days, there has been an upward revision of 44% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over t ...

70% of concertgoers crave more non-alcoholic alternatives at live music events1MILFORD, Conn. and SAN DIEGO, Feb. 11, 2025 /PRNewswire/ -- Athletic Brewing Company, America's largest dedicated non-alcoholic brewer, is bringing its award-winning brews to the heart of the live music scene with an exciting new multi-year partnership. Athletic is now the official non-alcoholic beer partner for more than 100 Live Nation concert venues across the U.S., including renowned locations such as Brooklyn Paramount, Shor ...

All-New KIDZ BOP LIVE Show Hitting 60+ Cities in 2025 Setlist Includes Hits From KIDZ BOP's Latest Album, 'KIDZ BOP 50' Ticket Presales Begin February 11; General On-Sale Starts February 14 NEW YORK, Feb. 10, 2025 /PRNewswire/ -- KIDZ BOP, the #1 music brand for kids, and Live Nation announce brand-new KIDZ BOP LIVE Certified BOP Tour. The ultimate pop concert for kids is back for 2025, kicking off on June 14 in Stamford, CT before hitting 60+ more cities, including Atlanta, Boston, Houston and New York. Th ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Live Nation (LYV) , which belongs to the Zacks Film and Television Production and Distribution industry.This ticket seller and concert promoter has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 5.08%.For the last reported quarter, Li ...

LOS ANGELES, Feb. 6, 2025 /PRNewswire/ -- Live Nation Entertainment, Inc. (NYSE: LYV), the world's leading live entertainment company, will release its fourth quarter and full year 2024 financial results after market hours on Thursday, February 20, 2025. Michael Rapino, Live Nation Entertainment's President and Chief Executive Officer, will host a teleconference that day at 2:00 p.m. PT (5:00 p.m. ET) to discuss the company's financial performance, operational outlook, and other forward-looking matters.A li ...