The earnings call reflected a generally positive outlook with strong consumer demand, particularly in stadiums, festivals, and clubs, and expectations for continued AOI growth. However, concerns were raised about Ticketmaster's volume growth and the ongoing DOJ trial, which introduces uncertainty.

Company Guidance

During Live Nation's Fourth Quarter and Full Year 2024 earnings call, the company provided optimistic guidance with several key metrics highlighted. CEO Michael Rapino noted a robust consumer demand, with stadium sell-through rates exceeding 75% in the first week on sale, higher than previous years, indicating strong market interest. Joe Berchtold, President and CFO, emphasized expected revenue growth driven by a high volume of stadium shows, which benefits Ticketmaster significantly, given that one stadium show generates revenue comparable to 10 amphitheater shows. The company anticipates double-digit AOI growth despite the mixed shift towards stadiums, with sponsorships already 75% sold and up double-digits. Additionally, Live Nation plans a substantial increase in capital expenditure to $900 million in 2025, focusing on expanding venue ownership and operations internationally, particularly in arenas, which is expected to yield attractive returns and sustain long-term growth.

Strong Consumer Demand

Despite increased stadium supply, Live Nation reported strong demand with sell-through rates at the stadium level higher than any previous year, with a first-week on sales exceeding 75%.

Double-Digit AOI Growth

Live Nation expects continued double-digit AOI growth driven by strong performance in Ticketmaster and sponsorship businesses, with stadium and concert segments performing well.

International Expansion Opportunities

Live Nation sees a growing pipeline of large venue opportunities internationally, particularly in arenas, and is committed to expanding its venue ownership to capture more value.

Record Festival and Club Business Performance

Live Nation's festival business is selling at record levels, and the club business is up 17% year-over-year, indicating strong consumer interest across all venue types.

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Live Nation Entertainment (LYV) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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LYV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 01, 2025	2025 (Q1)	0.14 / -	-0.53	―	―	―
Feb 20, 2025	2024 (Q4)	-1.12 / 0.58	-1.18	149.15% (+1.76)	―
Nov 11, 2024	2024 (Q3)	1.61 / 1.66	1.78	-6.74% (-0.12)	―
Jul 30, 2024	2024 (Q2)	1.06 / 1.03	1.02	0.98% (+0.01)	―
May 02, 2024	2024 (Q1)	-0.18 / -0.53	-0.25	-112.00% (-0.28)	―
Feb 22, 2024	2023 (Q4)	-1.03 / -1.18	-1.02	-15.69% (-0.16)	―
Nov 02, 2023	2023 (Q3)	1.25 / 1.78	1.39	28.06% (+0.39)	―
Jul 27, 2023	2023 (Q2)	0.65 / 1.02	0.66	54.55% (+0.36)	―
May 04, 2023	2023 (Q1)	-0.45 / -0.25	-0.39	35.90% (+0.14)	―
Feb 23, 2023	2022 (Q4)	-0.88 / -1.02	-0.94	-8.51% (-0.08)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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LYV Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 20, 2025	$152.32	―	―
Nov 11, 2024	$123.80	$129.67	+4.74%
Jul 30, 2024	$94.62	$96.19	+1.66%
May 02, 2024	$88.27	$94.66	+7.24%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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