Live Nation's Revenue Funnels Deliver a Half-Billion-Dollar Beat

Key Points Live Nation Entertainment Inc. NYSE: LYV shares surged 10% on its Q1 2024 earnings release despite missing EPS estimates by 53 cents and still losing money. The consumer discretionary sector giant is the world's largest producer of live music concerts and entertainment events. It also owns the largest ticketing service, Ticketmaster. Large is the theme with the company, and its revenue beat can only be described as large at $520 million in its first quarter of 2024. Live Nation competes loosely w ...