We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Live Nation (LYV) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
Live Nation (LYV - Free Report) reported $7.65 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 6.1%. EPS of $1.66 for the same period compares to $1.78 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $7.75 billion, representing a surprise of -1.33%. The company delivered an EPS surprise of +5.06%, with the consensus EPS estimate being $1.58.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Live Nation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Concerts - Estimated fans - Total: 50.1 million compared to the 51.56 million average estimate based on five analysts.
Ticketing - Estimated number of fee-bearing tickets: 83.23 million versus 86.73 million estimated by five analysts on average.
Concerts - Estimated events - Total: 12.83 million versus the five-analyst average estimate of 12.94 million.
Concerts - Estimated fans - North America: 32.9 million compared to the 35.46 million average estimate based on four analysts.
Concerts - Estimated events - International: 3.17 million compared to the 3.24 million average estimate based on four analysts.
Concerts - Estimated events - North America: 9.66 million versus 9.69 million estimated by four analysts on average.
Concerts - Estimated fans - International: 17.2 million compared to the 16.74 million average estimate based on four analysts.
Ticketing - Estimated number of non-fee-bearing tickets: 69.16 million versus the three-analyst average estimate of 67.42 million.
Revenue- Concerts: $6.58 billion versus $6.64 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -5.7% change.
Revenue- Other and Eliminations: -$13.50 million versus -$19.97 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -37.8% change.
Revenue- Sponsorship & Advertising: $390.30 million compared to the $404.21 million average estimate based on seven analysts. The reported number represents a change of +6.4% year over year.
Revenue- Ticketing: $693.70 million compared to the $743.97 million average estimate based on seven analysts. The reported number represents a change of -16.7% year over year.
Shares of Live Nation have returned +7.1% over the past month versus the Zacks S&P 500 composite's +4.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Live Nation (LYV) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Live Nation (LYV - Free Report) reported $7.65 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 6.1%. EPS of $1.66 for the same period compares to $1.78 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $7.75 billion, representing a surprise of -1.33%. The company delivered an EPS surprise of +5.06%, with the consensus EPS estimate being $1.58.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Live Nation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Concerts - Estimated fans - Total: 50.1 million compared to the 51.56 million average estimate based on five analysts.
- Ticketing - Estimated number of fee-bearing tickets: 83.23 million versus 86.73 million estimated by five analysts on average.
- Concerts - Estimated events - Total: 12.83 million versus the five-analyst average estimate of 12.94 million.
- Concerts - Estimated fans - North America: 32.9 million compared to the 35.46 million average estimate based on four analysts.
- Concerts - Estimated events - International: 3.17 million compared to the 3.24 million average estimate based on four analysts.
- Concerts - Estimated events - North America: 9.66 million versus 9.69 million estimated by four analysts on average.
- Concerts - Estimated fans - International: 17.2 million compared to the 16.74 million average estimate based on four analysts.
- Ticketing - Estimated number of non-fee-bearing tickets: 69.16 million versus the three-analyst average estimate of 67.42 million.
- Revenue- Concerts: $6.58 billion versus $6.64 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -5.7% change.
- Revenue- Other and Eliminations: -$13.50 million versus -$19.97 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -37.8% change.
- Revenue- Sponsorship & Advertising: $390.30 million compared to the $404.21 million average estimate based on seven analysts. The reported number represents a change of +6.4% year over year.
- Revenue- Ticketing: $693.70 million compared to the $743.97 million average estimate based on seven analysts. The reported number represents a change of -16.7% year over year.
View all Key Company Metrics for Live Nation here>>>Shares of Live Nation have returned +7.1% over the past month versus the Zacks S&P 500 composite's +4.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.