earnings
confidence high
sentiment positive
materiality 0.85
Live Nation Q2 2021 adjusted operating income positive; deferred revenue up $650M to $2.1B
Live Nation Entertainment, Inc.
2022-Q2 EPS reported
-$2.34
revenue$866,555,000
- Operating income improved >$450M; adjusted operating income turned positive.
- Total cash $4.0B, free cash $1.1B, available liquidity $2.1B.
- Ticketmaster added 11M net new fee-bearing tickets YTD; June was 4th best month ever.
- Concert pipeline for 2022 shows double-digit growth vs 2019; sponsorship up double digits.
- Expect all segments profitable in H2 2021; cost base reduced by $200M.