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Mar 31, 2021
Live Nation Q1 2021 Earnings Report
Released its financial results, showing progress on reopening and robust fan demand.
Key Takeaways
Live Nation Entertainment reported first-quarter 2021 results, highlighting strong progress on reopening with concerts pipeline for 2022 up double digits from 2019. Ticketmaster continues signing new clients, adding over 5 million net new fee-bearing tickets year-to-date. Sponsorship commitments for 2022 are also up double digits from 2019. The company targets $750 million cost reduction and $1.5 billion cash management program in 2021.
Concerts pipeline for 2022 is up double digits from 2019.
Ticketmaster added over 5 million net new fee-bearing tickets year-to-date.
Sponsorship commitments for 2022 are up double digits from 2019.
Targeting $750 million cost reduction and $1.5 billion cash management program in 2021.
Live Nation
Live Nation
Live Nation Revenue by Segment
Revenue by Segment
Concerts Revenue
CapyFin.comTicketing Revenue
CapyFin.comSponsorship & Advertising Revenue
CapyFin.com Forward Guidance
Company expects a return to live concerts and reopenings. Global arena and stadium tours will start later in 2021 and into 2022. Ticketmaster's growth in adding new clients will continue throughout 2021 as more venues prepare for 2022. Concerts activity is expected to continue into 2023 and beyond.
Positive Outlook
- Company expects a return to live concerts and reopenings.
- Global arena and stadium tours will start later in 2021 and into 2022.
- Ticketmaster's growth in adding new clients will continue throughout 2021 as more venues prepare for 2022.
- Company believes that its level of liquidity is sufficient to fund operations given anticipated concerts activity.
- Concerts activity is expected to continue into 2023 and beyond.
Challenges Ahead
- Operational challenges in achieving strategic objectives and executing on the company's plans
- Risk that the company's markets do not evolve as anticipated
- Potential impact of any economic slowdown
- Operational challenges associated with selling tickets and staging events.
Revenue & Expenses
Visualization of income flow from segment revenue to net income