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Jun 30, 2021
Live Nation Q2 2021 Earnings Report
Reported positive adjusted operating income and saw strong ticket sales and concert attendance.
Key Takeaways
Live Nation Entertainment reported a significant improvement in operating income, exceeding $450 million, and a return to profitability in adjusted operating income. The company's concerts pipeline for 2022 is up double digits from 2019, and Ticketmaster North America had its 4th best month in history for transacted ticket volume.
Operating Income Improved Over $450 Million
Adjusted Operating Income Returned to Profitability
Event-Related Deferred Revenue at $2.1 Billion, Up $650 Million
Concerts Pipeline for 2022 Up Double Digits from 2019
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
Live Nation anticipates further ramp-up acceleration through the rest of the year, with improving operating income and all segments returning to adjusted operating income profitability for the second half of the year, setting up for a full-scale 2022.
Positive Outlook
- Anticipates further ramp-up acceleration through the remainder of 2021
- Expects improving operating income
- All segments returning to adjusted operating income profitability for the second half of 2021
- Setting up for a full-scale 2022
- Pipeline indicating double digit growth in show count and ticket sales relatives to 2019
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
- Global shutdown of live events still impacting refunds
Revenue & Expenses
Visualization of income flow from segment revenue to net income