Live Nation Entertainment (NYSE:LYV) Releases Quarterly Earnings Results
by Scott Moore · The Cerbat GemLive Nation Entertainment (NYSE:LYV – Get Free Report) announced its earnings results on Tuesday. The company reported ($1.85) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($1.50), FiscalAI reports. Live Nation Entertainment had a net margin of 1.79% and a return on equity of 48.11%. The company had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the business posted ($0.32) earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year.
Here are the key takeaways from Live Nation Entertainment’s conference call:
- The company expects growth to be weighted into Q3 because of strong global stadium and U.S. amphitheater expansion, which management says will translate into stronger AOI in Q3 and a healthy Q4 margin profile.
- Amphitheaters are tracking well—show counts and ticket sales are up double digits, cancellations remain in a normal 1–2% range, and early on-site and premium sales trends are encouraging for the summer season.
- Regulatory and legal uncertainty persists after the federal settlement and state rulings; a court hearing will determine next steps on evidence, settlement review, and remedies, and legal costs remain elevated though management expects them to moderate.
- Live Nation launched a venue securitization (initially ~€600M) that collateralizes venues to create a scalable, PropCo-like funding vehicle to accelerate the Venue Nation buildout without tapping OpCo liquidity.
- Ticketmaster is investing in product (new leadership, AI, back-end work for LATAM/Asia) to improve on-sales and exchanges, but deliberate limits on broker inventory will create a mid-single-digit headwind to ticketing this year that management views as largely one-time.
Live Nation Entertainment Price Performance
Shares of NYSE LYV traded down $0.42 during trading on Tuesday, reaching $157.16. The company had a trading volume of 3,485,171 shares, compared to its average volume of 2,765,035. The stock has a market capitalization of $36.95 billion, a PE ratio of -654.82 and a beta of 1.11. The stock has a 50-day moving average price of $157.18 and a two-hundred day moving average price of $148.52. Live Nation Entertainment has a twelve month low of $125.34 and a twelve month high of $175.25. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 8.51.
Analysts Set New Price Targets
LYV has been the topic of a number of analyst reports. Morgan Stanley restated an “overweight” rating and issued a $185.00 price target on shares of Live Nation Entertainment in a research note on Friday, February 20th. Moffett Nathanson decreased their price target on Live Nation Entertainment from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on Live Nation Entertainment from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Guggenheim lifted their price target on Live Nation Entertainment from $180.00 to $192.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Finally, Oppenheimer restated an “outperform” rating and issued a $190.00 price target on shares of Live Nation Entertainment in a research note on Friday, February 20th. Twenty equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Live Nation Entertainment currently has a consensus rating of “Moderate Buy” and an average target price of $187.10.
Check Out Our Latest Stock Report on LYV
Insider Buying and Selling
In related news, Director Jeffrey T. Hinson sold 944 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $165.87, for a total value of $156,581.28. Following the completion of the transaction, the director directly owned 48,030 shares in the company, valued at approximately $7,966,736.10. This represents a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.89% of the company’s stock.
Hedge Funds Weigh In On Live Nation Entertainment
Several institutional investors have recently added to or reduced their stakes in LYV. First Trust Advisors LP increased its stake in Live Nation Entertainment by 653.7% in the fourth quarter. First Trust Advisors LP now owns 1,191,347 shares of the company’s stock valued at $169,767,000 after purchasing an additional 1,033,289 shares during the last quarter. Woodline Partners LP increased its stake in Live Nation Entertainment by 3,475.4% in the third quarter. Woodline Partners LP now owns 609,574 shares of the company’s stock valued at $99,604,000 after purchasing an additional 592,525 shares during the last quarter. Tidal Investments LLC grew its position in Live Nation Entertainment by 1,853.0% during the third quarter. Tidal Investments LLC now owns 463,901 shares of the company’s stock valued at $75,801,000 after acquiring an additional 440,148 shares during the period. Third Point LLC grew its position in Live Nation Entertainment by 27.8% during the fourth quarter. Third Point LLC now owns 1,725,000 shares of the company’s stock valued at $245,812,000 after acquiring an additional 375,000 shares during the period. Finally, Holocene Advisors LP purchased a new stake in Live Nation Entertainment during the second quarter valued at about $54,126,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.
Live Nation Entertainment Company Profile
Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.
The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.