CNBC's Megan Casella with breaking news from the White House lawn.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
LYV is well-positioned for growth in 2025 with high ticket volume and expansion of new venues, which investors can see as a compelling entry point in the year.
I maintain a hold rating on Live Nation Entertainment stock due to its expensive valuation, despite strong growth drivers like venue expansion, ticketing monetization, and sponsorship growth. 4Q24 results showed revenue declined 2.7% y/y, but adj operating income grew ~35% y/y. LYV's aggressive venue expansion and international growth are crucial for predictable, high-margin revenue streams, enhancing its competitive position and growth runway.
Trading in shares of Live Nation Entertainment, Inc. LYV is quiet Wednesday. This follows yesterday's sell-off of 6.5%.
Live Nation President and CFO Joe Berchtold discusses the entertainer's drawing power on 'The Claman Countdown.'
LYV's fourth-quarter 2024 results reflect robust live events demand globally, resulting in increased ticket sales.
Although the revenue and EPS for Live Nation (LYV) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Live Nation Entertainment, Inc. (NYSE:LYV ) Q4 2024 Results Conference Call February 20, 2025 5:00 PM ET Company Participants Amy Yong - Investor Relations Michael Rapino - President and Chief Executive Officer Joe Berchtold - President and Chief Financial Officer Conference Call Participants Stephen Laszczyk - Goldman Sachs Brandon Ross - LightShed Partners Cameron Mansson-Perrone - Morgan Stanley David Karnovsky - JPMorgan Peter Supino - Wolfe Research Peter Henderson - Bank of America Jason Bazinet - Citibank Kutgun Maral - Evercore ISI Operator Good afternoon. My name is John, and I will be your conference operator today.
Live Nation (LYV) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of a loss of $1.19 per share. This compares to loss of $1.22 per share a year ago.
Live Nation Entertainment Inc. reported a dip in fourth-quarter sales Thursday, but that figure still came in above expectations, and the Ticketmaster parent said it expected bigger gains this year amid a jump in concerts at larger venues.
Live Nation stock price has surged to a record high this year, even as the company goes through legal issues in the United States. LYV shares have also surged even as concerns about its valuation continues.