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Mar 31, 2025
Live Nation Q1 2025 Earnings Report
Live Nation reported strong fan demand and record-level deferred revenue in Q1 2025 despite a net loss.
Key Takeaways
Live Nation saw strong momentum in its live music business with record deferred revenue and significant growth in its international markets, although it posted a net loss for the quarter.
Revenue by Segment
Forward Guidance
Live Nation expects a record year driven by international expansion, strong sponsorships, and high fan demand across concerts and ticketing.
Positive Outlook
- Double-digit growth expected in operating income and AOI for 2025.
- Strong momentum in Q2 with concert ticket sales up 25% and GTV up 45% through April.
- 85% of expected 2025 sponsorship revenue already committed.
- Opening at least 20 major venues globally through 2026 to support growth.
- AOI margins expected to be consistent with prior years across segments.
Challenges Ahead
- Foreign exchange impacted operating income by 11% in Q1.
- Full-year depreciation and amortization to increase by approximately $75 million.
- Net loss of $74.9 million attributed to various non-operational expenses.
- Non-concert ticketing volume decreased by 9% YoY.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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