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Live Nation Entertainment Inc - Stock Quote LYV

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Morningstar's Live Nation Entertainment Inc Stock Analysis

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Live Nation Set Up To Rebound Past 2019; Raising FVE to $105

Neil Macker, CFA Senior Equity Analyst

Business Strategy and Outlook

| Neil Macker, CFA |

Live Nation is highly focused on live entertainment at venues ranging from intimate clubs to large stadiums. The firm controls over 235 concert venues that hosted over 40,000 events and nearly 98 million fans in 2019. Ticketmaster, the firm’s ticketing platform, sold over 485 million tickets for over 12,000 clients in 2019. While 2020 was a challenging year, we expect that the reopening of venues in 2021 and pent-up demand for fans and artists will help the firm reach its 2019 revenue level by 2022.

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Live Nation Entertainment Inc's Company Profile

Business Description

Live Nation is the largest live entertainment firm in the world with over 570 million fans served in 44 countries in 2018 by the company’s concert and ticketing platforms. Via either owning, operating, or holding exclusive booking rights, Live Nation controls over 235 venues including the House of Blues, the Hollywood Palladium, and Spark Arena in New Zealand. Live Nation also owns one of the largest ticketing services, Ticketmaster, which sold over 480 million tickets for over 12,000 clients in 2018. The firm’s artist management agencies have over 400 clients. This large live entertainment footprint helped Live Nation become one of the largest advertising and sponsorship platforms aimed at music fans. Liberty Media owns 33% of Live Nation, held under its SiriusXM tracking stock.

9348 Civic Center Drive
Beverly Hills, CA, 90210
T +1 310 867-7000
Sector Communication Services
Industry Entertainment
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Slow Growth
Employees 10,200