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Dec 31, 2019
Live Nation Q4 2019 Earnings Report
Reported ninth consecutive year of growth, with revenue up 7%, operating income up 19% and adjusted operating income (“AOI”) up 14%.
Key Takeaways
Live Nation Entertainment reported strong Q4 2019 results, with revenue increasing by 11% to $2.89 billion and adjusted operating income increasing by 18% to $80.8 million. The company's growth was driven by strong performance in its concerts, ticketing, and sponsorship & advertising segments.
Live Nation Concerts attendance reached 98 million, up 5%.
Sponsorship & Advertising revenue increased by 17%.
Ticketmaster expanded its global leadership.
Presence was deployed in over 700 venues with 120 Million Fans
Revenue by Segment
Forward Guidance
Live Nation anticipates strong global growth in 2020, driven by double-digit fan and show count growth.
Positive Outlook
- Double-digit fan and show count growth.
- High artist activity across all venue types and markets.
- Continued growth in the sponsorship and advertising segment.
- Acceleration of Presence in over 1,300 venues by the end of the year.
- Over 200 million fans anticipated to attend events at those buildings.
Challenges Ahead
- Operational challenges in achieving strategic objectives.
- 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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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