earnings
confidence high
sentiment positive
materiality 0.85
Live Nation Q3 2021: operating income $137M, AOI $306M; all segments positive
Live Nation Entertainment, Inc.
2021-Q3 EPS reported
-$2.13
revenue$3,565,277,000
- 17M fans attended shows; amphitheater & festival pricing up double-digits vs 2019.
- Ticketmaster record quarter: operating income $114M, AOI $172M; highest-ever fee-bearing GTV quarter.
- 22M tickets already sold for 2022 shows; Q4 fee-bearing GTV expected to be record level.
- Sponsorship pipeline for 2022 up double-digits vs same time in 2019; on-site spending per fan up >20%.
- Structural cost savings of $200M targeted from pre-pandemic plan.