Live Nation Entertainment, Inc. operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates associated content; and offers management and other services to artists. The Ticketing segment manages the ticketing operations, including the provision of ticketing software and services to consumers with marketplace for tickets and event information through mobile apps, other websites, and retail outlets, as well as its websites, such as livenation.com and ticketmaster.com; and provides ticket resale services. This segment offers ticketing services for arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters. The Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertising, including signage, online advertising, and promotional programs; rich media offering, including advertising related with live streaming and music-related content; and ads through distribution network of venues, events, and websites. This segment also manages the development of strategic sponsorship programs, as well as develops, books, and produces custom events or programs for specific brands. It owns, operates, or leases entertainment venues. The company was formerly known as Live Nation, Inc. and changed its name to Live Nation Entertainment, Inc. in January 2010. Live Nation Entertainment, Inc. was incorporated in 2005 and is based in Beverly Hills, California.
Future Outlook | Learn about Live Nation's projected double-digit AOI growth for 2024 and 2025, driven by strong consumer demand and strategic investments in venue upgrades and expansions |
Financial Performance | Analyst price targets range from $95 to $163, with Deutsche Bank setting a $150 target. Live Nation reported 7% YoY revenue growth and 20% increase in Adjusted Operating Income |
Growth Amidst Challenges | Delve into Live Nation's strategic venue investments and international expansion plans, balanced against ongoing regulatory scrutiny from the U.S. Department of Justice |
Live Nation's Dominance | Explore Live Nation's market leadership in live entertainment and ticketing, with a $31.35 billion market cap and impressive 53% price return over six months |
Metrics to compare | LYV | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipLYVPeersSector | |
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P/E Ratio | 48.8x | −2.8x | 5.5x | |
PEG Ratio | 0.26 | 0.04 | 0.01 | |
Price / Book | 318.8x | 1.3x | 1.8x | |
Price / LTM Sales | 1.5x | 1.6x | 1.4x | |
Upside (Analyst Target) | 14.2% | 37.9% | 21.4% | |
Fair Value Upside | Unlock | −4.3% | 14.0% | Unlock |