- Live Nation beat estimates with an adjusted operating income of $157.3 million, surpassing the expected $141 million.
- Total revenue reported at $5.68 billion, slightly higher than the $5.63 billion estimate.
- Concerts revenue was $4.58 billion, modestly exceeding the anticipated $4.56 billion.
- Ticketing revenue amounted to $841.1 million, higher than the projected $823.7 million.
- Sponsorship and Advertising revenue fell short at $281.2 million, compared to an estimate of $287.8 million.
- Reported a negative adjusted free cash flow of $137.3 million.
- Capital expenditures for 2025 are projected to be between $900 million and $1 billion.
- The company plans to add 20 large venues globally by 2026, expected to accommodate six to seven million more fans.
- Full-year Adjusted Operating Income to free cash flow conversion is expected to maintain historical levels.
- 2025 is expected to be a record year due to a strong global concert lineup and an unprecedented number of scheduled stadium shows.
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Live Nation Entertainment, Inc on Smartkarma
Analysts on Smartkarma, such as Baptista Research, are closely monitoring Live Nation Entertainment, Inc., a company in the entertainment industry. In their recent report titled “Live Nation Entertainment: Food & Beverage Transformation As A Critical Growth Lever! – Major Drivers,” they highlight the company’s strong performance in the third quarter of 2024. The report reveals positive forward-looking indicators in various operational segments, with a particular focus on Live Nation’s ticketing segment, Ticketmaster, which saw a significant 15% increase in sales year-over-year in early October. While the report acknowledges areas of concern that could impact future performance, it also emphasizes the potential for growth through food and beverage transformation.
A look at Live Nation Entertainment, Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Live Nation Entertainment, Inc. shows promising long-term potential, as indicated by its Smartkarma Smart Scores. The company excels in growth and momentum, with a high score in both areas. This suggests that Live Nation is on a strong upward trajectory in terms of expanding its business and maintaining its market momentum. Additionally, Live Nation scores moderately in value and resilience, indicating a stable foundation and reasonable valuation. However, the company lags in the dividend category, scoring lower compared to other factors.
Live Nation Entertainment, Inc. is a major player in producing live concerts and ticket sales, with a broad scope that includes ticketing services for various entertainment venues. With solid growth and strong momentum, Live Nation appears well-positioned for future success in the entertainment industry despite a lower score in dividends. Investors may find the company’s growth and momentum particularly appealing as indicators of its long-term viability and potential for further expansion.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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