Live Nation Q3 revenue $8.2B (+32% YoY); EPS $1.78; record year pacing

Live Nation Entertainment, Inc.

2023-Q3 EPS reported $2.59 revenue$16,910,132,000

Revenue up 32% to $8.2B; operating income $619M (+22%); AOI $836M (+35%); EPS $1.78 (+28%).
YTD 140M tickets sold for Live Nation shows (+17%), surpassing full-year 2022; fee-bearing tickets up 22%.
Event-related deferred revenue up 39% to $2.6B, indicating strong 2024 concert calendar.
Sponsorship revenue $367M (+7%); new multi-year deal with Mastercard.
FY 2023 free cash flow conversion projected in mid-60s; capex forecast $450M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.92

Live Nation Entertainment, Inc. reported quarter ended September 30, 2023 results: revenue $8.2 billion, EPS $1.78. Guidance raised.

Period: quarter ended September 30, 2023
Revenue: $8.2 billion
EPS: $1.78
Guidance: raised
Result: reported results

Exact text from the filing

years to come.” –Michael Rapino, President and CEO, Live Nation Entertainment 3Q23 FINANCIAL OVERVIEW: Record quarter, on pace for record year (reported FX) • Revenue Up 32% to $8.2 billion in Q3; and Up 36% to $16.9 billion year-to-date • Operating Income Up 22% to $619 million in Q3; and Up 35% to $1.1 billion year-to-date • AOI Up 35% to $836 million in Q3; and

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Live Nation Entertainment, Inc. filing history →

Source: SEC EDGAR

accession 0001335258-23-000101

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