Ticketmaster-parent Live Nation Entertainment missed analysts' estimates for second-quarter profit on Tuesday, hurt by higher operating expenses, sending its shares down more than 3% in extended trading.
Even as executives elsewhere say high prices are still squeezing consumers, Ticketmaster parent Live Nation Entertainment Inc. on Tuesday said it was seeing no signs of a slowdown in concert demand, and reported quarterly results that squeaked past Wall Street's expectations.
Live Nation's (LYV) second-quarter performance is likely to have benefited from increased demand for live events, a rise in average per-fan spending and a hike in ticket pricing.
Live Nation (LYV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Since the financial crisis, companies have skyrocketed to impossible valuations. While growth isn't linear, some have even reached the trillion-dollar club.
The entertainment stocks are worth checking in on as they continue to roll with the punches of this inflationary environment. Undoubtedly, we're all sick and tired of inflation and its impact on our spending habits.
Last month, the Department of Justice sued Live Nation Entertainment alleging antitrust law violations. The lawsuit — which aims for Ticketmaster to be spun off from Live Nation — is unlikely to affect the company's stock price.
Already fighting an antitrust suit, Live Nation is now also dealing with a data breach. The country's biggest ticket seller announced Friday (May 31) that its Ticketmaster system could have been compromised by a hacker who is trying to sell customer information on the dark web.
Cybercrime group ShinyHunters said it had stolen data of 500m customers of concert promoter's ticketing arm
Live Nation Entertainment said on Friday it was investigating a data breach at its Ticketmaster unit that it discovered on May 20, the latest in a string of high-profile corporate hacks in the past year.
Live Nation Entertainment Inc. confirmed late Friday that its Ticketmaster unit was a victim of a cyberattack, but the entertainment giant said it doesn't expect it to have a “material” effect on its operations.
In an unsettling end-of-week regulatory filing, Ticketmaster parent Live Nation Entertainment reported Friday that it had caught a hacker trying to sell user data via the dark web. The episode dates to May 20, the company said in the SEC filing.