earnings
confidence high
sentiment positive
materiality 0.85
Live Nation FY2023 revenue up 36% to $22.7B, EPS $1.37; expects double-digit 2024 growth
Live Nation Entertainment, Inc.
2023-FY EPS reported
$1.37
revenue$22,749,073,000
- Revenue $22.7B (+36% YoY), operating income $1.07B (+46%), AOI $1.86B (+32%), EPS $1.37 (more than doubled).
- Concert attendance 145M fans (+20%); fee-bearing GTV $36B (+30%); sponsorship revenue $1B+ (+13%).
- 2024 ticket sales pacing +6% with 57M tickets sold; shows 65% booked vs 50% last year.
- 2024 capex $540M; expects double-digit operating income and AOI growth; all-in pricing driving higher conversion.
- Event-related deferred revenue at year end $2.9B (+8%); 87% of debt fixed rate at avg 4.7%.