earnings
confidence high
sentiment positive
materiality 0.80
Live Nation Q3 revenue $7.7B, concerts AOI up 39% to $474M; 2025 pipeline up double-digits
Live Nation Entertainment, Inc.
2024-Q3 EPS reported
$2.18
revenue$17,474,032,000
- Revenue $7.7B; operating income $640M; adjusted operating income $910M; concerts AOI $474M (+39% YoY) with record 7.2% margin.
- 144M tickets sold for 2024 Live Nation concerts through Oct (+3%); October Ticketmaster concert ticket sales +23%.
- Sponsorship revenue $390M (+6%), AOI $275M (+10%); nearly all 2024 commitments booked, up double-digits.
- 2025 already has over 20M tickets sold, pacing up double-digits; stadium pipeline up double-digits vs 2022.
- Capex estimated at $700M including venue expansion; revolver increased $400M to $1.7B, $575M drawn to repay senior notes.