Categories Earnings, Leisure & Entertainment
Earnings Summary: Highlights of Live Nation’s Q3 2024 results
Live Nation Entertainment, Inc. (NYSE: LYV), a leading entertainment company that produces and promotes live music events and concerts, reported financial results for the third quarter of 2024.
- Third-quarter revenue decreased 6% to $7.7 billion from $8.15 billion in Q3 2023
- Consolidated operating income decreased to $640 million in Q3 from $653.7 million in the year-ago period
- Adjusted operating income was $910 million in the September quarter, vs. $871.2 million a year earlier
- Third quarter net income decreased to $451.8 million or $1.66 per share from $521.5 million or $1.93 per share in the comparable quarter a year earlier
- The company recorded its highest-ever concert profitability in Q3, with an adjusted operating income of $474 million
- Around 144 million tickets were sold for 2024 Live Nation concerts, through October, which is up 3%
- October transacted ticket sales for Ticketmaster are up 15% on all ticket volume and up 23% for concert events
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Everything you need to know about Medline’s IPO
After a modest start to the year, IPO activity rebounded in the second half of the year as recession fears eased and investor confidence increased. Medical supply company Medline Inc.
Chewy (CHWY): Three factors that work in favor of this pet retailer
Shares of Chewy, Inc. (NYSE: CHWY) gained over 1% on Monday. The stock has dropped 10% in the past three months. The pet products seller delivered solid results for the
Earnings Preview: Will cost pressures impact Darden Restaurants’ Q2 results?
Darden Restaurants, Inc. (NYSE: DRI), a full-service restaurant operator, has faced margin pressure this year from higher input costs tied to tariffs on key commodities. Despite that, management remains optimistic,
