Live Nation Entertainment Inc (N:LYV)
Business Focus: Plays & Concert Production
| Sector: Consumer Cyclicals | Industry: Entertainment Production |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 9348 Civic Center Dr BEVERLY HILLS CA 90210 |
| Tel: | N/A |
| Website: | https://www.livenationentertainment.com |
| IR: | See website |
| Key People | ||
| Joe Berchtold President, Principal Financial Officer | Brian Capo Senior Vice President, Chief Accounting Officer | Michael Rapino President, Chief Executive Officer, Director |
| Arthur Fogel Chairman - Global Music, President - Global Touring | John Reid President - Live Nation EMEA | Bob Roux President - US Concerts |
| Russell Wallach President - Sponsorship and Advertising | Mark Yovich President of Ticketmaster | Jacqueline Beato Chief Operating Officer - U.S. Concerts | John Hopmans Executive Vice President - Mergers and Acquisitions, Strategic Finance |
| Business Overview |
| Live Nation Entertainment, Inc. is a live entertainment company. The Company is a producer of live music concerts in the world. Its segments include Concerts, Ticketing and Sponsorship & Advertising. The Concerts segment principally involves the global promotion of live music events in its owned or operated venues and in rented third-party venues, the operation and management of music venues, the production of music festivals across the world, the creation of associated content and the provision of management and other services to artists. The Ticketing segment is an agency business that sells tickets for events on behalf of its clients. The Sponsorship & Advertising segment employs a sales force that creates and maintains relationships with sponsors through a combination of strategic, international, national, and local opportunities that allow businesses to reach customers through its concert, festival, venue and ticketing assets, including advertising on its Websites. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Live Nation Entertainment Inc revenues increased 36% to $22.75B. Net income applicable to common stockholders increased from $149.2M to $315.8M. Revenues reflect Concerts segment increase of 39% to $18.76B, Ticketing segment increase of 32% to $2.96B, Sponsorship & Advertising segment increase of 13% to $1.1B, Total Domestic Operations segment increase of 29% to $14.24B. |
| Employees: | 14,700 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $23,388M as of Dec 31, 2023 |
| Annual revenue (TTM): | $22,749M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,663M as of Dec 31, 2023 |
| Net annual income (TTM): | $315.84M as of Dec 31, 2023 |
| Free cash flow (TTM): | $895.54M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $361.55M as of Dec 31, 2023 |
| Shares outstanding: | 230,797,704 as of Feb 15, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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