Loading...
•
Sep 30, 2020
Live Nation Q3 2020 Earnings Report
Reported third quarter 2020 results, highlighting cost reduction and cash management programs, and enduring fan demand for live events.
Key Takeaways
Live Nation Entertainment reported its third quarter 2020 results, noting an 83% ticket retention rate for rescheduled shows and progress on cost reduction and cash management programs. The company is preparing for the return of live events, focusing on technology and venue standards.
83% of fans are keeping tickets for rescheduled shows.
The company targets $900 million in cost reductions for 2020.
The company targets $1.5 billion in cash management for 2020.
Fan demand for live events remains strong.
Revenue by Segment
Forward Guidance
Live Nation anticipates shows at scale next summer, but the exact timeline will vary by region. The company is focused on flexibility and innovation.
Positive Outlook
- Progress on testing technology, treatments, and vaccines is encouraging.
- Ticketmaster is creating tools for safety precautions and enhanced fan experience.
- Live Nation is developing standards for executing shows at its venues.
- The company will maintain flexibility and focus on innovating.
- Event-related deferred revenue is forecasted to be approximately $1.4 billion by the end of 2020.
Challenges Ahead
- The path to live events will not be a straight line.
- The exact timeline of the return to live events will vary by region.
- Operational challenges in achieving strategic objectives and executing plans.
- Potential impact of any economic slowdown.
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
Loading earnings performance data...
Loading earnings reaction data...