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Jun 30, 2024
Live Nation Q2 2024 Earnings Report
Live Nation demonstrated strong global demand and achieved record Q2 results.
Key Takeaways
Live Nation Entertainment reported a 7% increase in revenue, reaching over $6 billion, and a 21% increase in operating income, totaling $466 million. The company saw growth in global fan attendance and onsite spending, driven by strategic investments in hospitality and infrastructure.
Revenue increased by 7% to over $6 billion.
Operating income increased by 21% to $466 million.
Adjusted operating income increased by 21% to $716 million.
Global fan attendance at Live Nation concerts increased by 5%, reaching 39 million fans.
Revenue by Segment
Forward Guidance
Live Nation is on track to deliver double-digit AOI growth for the year and anticipates a very busy 2025, driven by strong onsale activity related to 2025 stadium shows.
Positive Outlook
- Double-digit AOI growth expected for the year.
- Very busy 2025 anticipated.
- Strong onsale activity expected for 2025 stadium shows.
- Onsite sponsorship expected to be the primary driver of 2024 growth.
- Full-year AOI margin expected to be consistent with last year.
Challenges Ahead
- Operating income will be impacted negatively by one-time accruals.
- Foreign exchange rates are expected to have a larger impact to net income.
- Operational challenges in achieving strategic objectives and executing on the company's plans.
- The risk that the company's markets do not evolve as anticipated.
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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