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Dec 31, 2024
Live Nation Q4 2024 Earnings Report
Live Nation reported a strong Q4 2024, with revenue of $5.68 billion and growth in ticketing and sponsorship segments.
Key Takeaways
Live Nation saw mixed financial performance in Q4 2024. The company reported revenue of $5.68 billion, down 2% year-over-year, with operating losses of $239.4 million. However, adjusted operating income improved by 35% to $157.3 million, driven by strong performances in ticketing and sponsorship. Ticketing revenue grew by 14%, while sponsorship and advertising revenue rose by 10%.
Revenue declined by 2% YoY to $5.68 billion, with concerts segment revenue dropping 6%.
Ticketing revenue increased by 14%, reaching $841.1 million in Q4.
Sponsorship and advertising revenue grew by 10%, totaling $281.2 million.
Adjusted operating income increased by 35% YoY to $157.3 million.
Revenue by Segment
Forward Guidance
Live Nation expects strong momentum in 2025, driven by increased demand for live events, international expansion, and higher sponsorship commitments.
Positive Outlook
- Stadium show pipeline up 60% for 2025.
- 65 million tickets sold for 2025 events, reflecting double-digit growth.
- 75% of expected 2025 sponsorship revenue already committed.
- Expansion of global venues to attract six to seven million additional fans by 2026.
- Strong international demand, particularly in Latin America and Europe.
Challenges Ahead
- Foreign exchange movements expected to impact Q1 2025 revenue and AOI.
- Operating income may be affected by seasonality and timing of events.
- Higher capital expenditures projected between $900 million and $1 billion.
- Increased depreciation and amortization expenses expected for 2025.
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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