Live Nation Entertainment Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Live Nation Entertainment (NYSE:LYV) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$7.65b (down 6.1% from 3Q 2023).
• Net income: US$451.8m (up 6.9% from 3Q 2023).
• Profit margin: 5.9% (up from 5.2% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: US$1.96 (up from US$1.85 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Live Nation Entertainment EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 3.9%.

Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are up 10% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Live Nation Entertainment you should be aware of.

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