Last 7 days
1.4%
Last 30 days
-1.9%
Last 90 days
-6.6%
Trailing 12 Months
-4.8%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-08-09 | HINSON JEFFREY T. | gifted | - | - | -200 | - |
2023-06-12 | HINSON JEFFREY T. | sold | -85,790 | 85.79 | -1,000 | - |
2023-06-09 | KAHAN JAMES S | acquired | - | - | 2,444 | - |
2023-06-09 | HINSON JEFFREY T. | acquired | - | - | 2,444 | - |
2023-06-09 | MAFFEI GREGORY B | acquired | - | - | 4,644 | - |
2023-06-09 | Carter Maverick | acquired | - | - | 2,444 | - |
2023-06-09 | MAYS RANDALL THOMAS | acquired | - | - | 2,444 | - |
2023-06-09 | Iovine Jimmy | acquired | - | - | 2,444 | - |
2023-06-09 | Fu Ping | acquired | - | - | 2,444 | - |
2023-06-09 | Paul Richard A. | acquired | - | - | 2,444 | - |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | reduced | -2.45 | 5,400 | 25,420 | 0.01% |
2023-09-05 | Westshore Wealth, LLC | new | - | 227,775 | 227,775 | 0.12% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | 6,994 | 32,576 | -% |
2023-08-25 | STRATEGY ASSET MANAGERS LLC | added | 1.27 | 211,527 | 876,387 | 0.20% |
2023-08-25 | Yarbrough Capital, LLC | reduced | -44.22 | -184,825 | 489,625 | 0.03% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | 194,212 | 838,212 | 0.01% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 6.02 | 642,361 | 2,334,240 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -6.74 | 4,205,810 | 23,878,500 | 0.03% |
2023-08-21 | BOKF, NA | reduced | -78.57 | -1,413 | 547 | -% |
2023-08-21 | VitalStone Financial, LLC | unchanged | - | -11,000 | 14,000 | 0.01% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 14, 2023 | melvin capital management lp | 0% | 0 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 7.85% | 18,116,631 | SC 13G/A | |
Feb 03, 2023 | blackrock inc. | 5.9% | 13,733,771 | SC 13G | |
Feb 14, 2022 | melvin capital management lp | 6.1% | 13,800,000 | SC 13G/A | |
Nov 12, 2021 | melvin capital management lp | 6.1% | 13,650,000 | SC 13G/A | |
Sep 27, 2021 | melvin capital management lp | 5.1% | 11,075,000 | SC 13G | |
Feb 16, 2021 | public investment fund | 5.8% | 12,565,167 | SC 13G/A | |
Feb 10, 2021 | vanguard group inc | 6.93% | 15,052,744 | SC 13G/A | |
Feb 04, 2021 | canada pension plan investment board | 4.9% | 10,712,583 | SC 13G/A | |
Jun 09, 2020 | blackrock inc. | 4.9% | 10,453,911 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Sep 15, 2023 | 4 | Insider Trading | |
Aug 11, 2023 | 4 | Insider Trading | |
Jul 27, 2023 | 8-K | Current Report | |
Jul 27, 2023 | 10-Q | Quarterly Report | |
Jun 15, 2023 | 8-K | Current Report | |
Jun 13, 2023 | 4 | Insider Trading | |
Jun 13, 2023 | 4 | Insider Trading | |
Jun 13, 2023 | 4 | Insider Trading | |
Jun 13, 2023 | 4 | Insider Trading | |
Jun 13, 2023 | 4 | Insider Trading |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
NFLX | 175.6B | 32.1B | -2.06% | 62.62% | 41.35 | 5.47 | 3.53% | -16.66% |
DIS | 149.9B | 87.8B | -4.68% | -24.94% | 66.55 | 1.71 | 8.26% | -28.33% |
LYV | 18.9B | 19.2B | -1.88% | -4.81% | 42.16 | 0.99 | 64.98% | 4404.57% |
MID-CAP | ||||||||
WWE | 7.8B | 1.3B | -9.89% | 45.32% | 46.34 | 5.86 | 8.97% | -22.95% |
MSGS | 4.3B | 887.4M | 0.55% | 25.21% | 89.8 | 4.84 | 8.05% | -6.53% |
TRIP | 2.0B | 1.7B | 6.06% | -33.06% | -78.32 | 1.21 | 37.20% | 16.13% |
AMC | 1.4B | 4.3B | -77.14% | -89.81% | -1.91 | 0.33 | 9.64% | 9.31% |
SMALL-CAP | ||||||||
CNK | 2.1B | 2.8B | -3.06% | 29.83% | -8.65 | 0.74 | 21.55% | -418.46% |
MSGE | 1.1B | 573.8M | 9.99% | -42.30% | 2.11 | 1.85 | -5.94% | 358.63% |
SCPL | 487.9M | 729.2M | 0.57% | 104.67% | 8.17 | 0.67 | 17.78% | 30.35% |
GAIA | 57.0M | 79.0M | 26.39% | -12.22% | -9.25 | 0.72 | -5.75% | -310.03% |
RDI | 49.6M | 209.3M | -10.44% | -41.16% | -1.53 | 0.24 | 12.25% | -17.59% |
CSSE | 9.5M | 375.5M | -28.14% | -96.12% | -0.06 | 0.03 | 184.65% | -157.84% |
17.1%
17.6%
9.6%
13.3%
59.2%
43.1%
30.4%
Y-axis is the maximum loss one would have experienced if Live Nation Entertainment was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | ||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | 6.6% | 19,202,385,000 | 18,005,836,000 | 16,681,254,000 | 15,093,687,000 | 11,638,874,000 | 7,780,646,000 | 6,268,447,000 | 3,802,660,000 | 1,287,956,000 | 1,574,567,000 | 1,861,178,000 | 4,969,396,667 | 8,077,615,333 | 11,185,834,000 | 11,547,969,000 | 11,260,376,000 | 11,321,938,000 | 11,033,244,000 | 10,787,800,000 | 10,506,395,000 | 10,111,457,000 |
S&GA Expenses | 6.4% | 3,272,405,000 | 3,076,023,000 | 2,955,884,000 | 2,704,451,000 | 2,345,470,000 | 2,002,151,000 | 1,754,822,000 | 1,379,711,000 | 1,338,716,000 | 1,333,174,000 | 1,524,342,000 | 1,867,883,000 | 2,004,496,000 | 2,194,641,000 | 2,145,486,000 | 2,082,235,000 | 2,064,342,000 | 2,027,283,000 | 1,997,028,000 | 2,049,869,000 | 2,001,079,000 |
EBITDA | -100.0% | - | 1,376,356,000 | 1,233,906,000 | 1,181,390,000 | 834,412,000 | 354,059,000 | 87,450,000 | -166,309,000 | -804,570,000 | -1,233,262,000 | -1,144,808,000 | -852,976,000 | -95,500,000 | 654,299,000 | 786,616,000 | - | - | - | - | - | - |
EBITDA Margin | -100.0% | - | 0.08 | 0.07 | 0.08 | 0.07 | 0.05 | 0.01 | -0.04 | -0.62 | -0.78 | -0.62 | -0.17 | -0.01 | 0.06 | 0.07 | - | - | - | - | - | - |
Interest Expenses | 4.5% | 314,485,000 | 300,925,000 | 278,483,000 | 278,016,000 | 277,909,000 | 278,383,000 | 282,440,000 | 274,197,000 | 269,883,000 | 253,663,000 | 226,832,000 | 210,408,000 | 180,902,000 | 165,005,000 | 157,521,000 | 146,674,000 | 146,080,000 | 144,807,000 | 140,976,000 | 132,451,000 | 123,085,000 |
Earnings Before Taxes | 18.4% | 723,352,000 | 610,739,000 | 505,447,000 | 482,366,000 | 136,353,000 | -332,194,000 | -611,267,000 | -874,504,000 | -1,527,154,000 | -1,958,746,000 | -1,856,665,000 | -1,543,116,000 | -762,502,000 | 22,135,000 | 185,104,000 | 184,705,000 | 163,681,000 | 113,966,000 | 131,105,000 | 28,114,000 | 2,341,000 |
EBT Margin | -100.0% | - | 0.03 | 0.03 | 0.03 | 0.01 | -0.04 | -0.10 | -0.23 | -1.19 | -1.24 | -1.00 | -0.31 | -0.09 | 0.00 | 0.02 | - | - | - | - | - | - |
Net Income | 30.9% | 448,881,000 | 342,999,000 | 295,986,000 | 304,096,000 | -10,428,000 | -393,893,000 | -650,904,000 | -899,312,000 | -1,475,092,000 | -1,846,944,000 | -1,724,535,000 | -1,441,150,000 | -733,323,000 | -62,451,000 | 69,889,000 | 81,949,000 | 75,707,000 | 41,711,000 | 60,249,000 | 17,243,000 | -19,047,000 |
Net Income Margin | -100.0% | - | 0.02 | 0.02 | 0.02 | 0.00 | -0.05 | -0.10 | -0.24 | -1.15 | -1.17 | -0.93 | -0.29 | -0.09 | -0.01 | 0.01 | - | - | - | - | - | - |
Free Cashflow | -100.0% | - | 1,388,044,000 | 1,484,857,000 | 1,429,421,000 | 1,933,071,000 | 2,712,798,000 | 1,627,834,000 | 767,588,000 | 347,658,000 | -1,793,435,000 | -1,297,134,000 | -804,822,000 | -544,035,000 | 281,415,000 | 146,217,000 | - | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | 5.6% | 19,925 | 18,870 | 16,461 | 15,787 | 16,421 | 16,007 | 14,402 | 13,331 | 12,246 | 10,920 | 10,589 | 10,885 | 11,622 | 11,861 | 10,976 | 9,967 | 10,529 | 10,303 | 8,497 | 8,512 | 8,953 |
Current Assets | 6.7% | 10,777 | 10,097 | 8,160 | 7,927 | 8,551 | 8,110 | 6,684 | 6,555 | 5,423 | 4,096 | 3,650 | 3,860 | 4,433 | 4,851 | 4,193 | 3,850 | 4,285 | 4,425 | 3,848 | 3,881 | 4,263 |
Cash Equivalents | 2.0% | 7,129 | 6,992 | 5,606 | 4,951 | 5,866 | 5,875 | 4,888 | 4,633 | 4,048 | 3,017 | 2,546 | 2,633 | 3,300 | 3,282 | 2,474 | 1,809 | 2,285 | 2,684 | 2,378 | 1,910 | 2,300 |
Net PPE | 0.9% | 1,904 | 1,887 | 1,488 | 1,098 | 1,089 | 1,086 | 1,092 | 1,042 | 1,046 | 1,064 | 1,101 | 1,107 | 1,122 | 1,128 | 1,118 | 1,048 | 1,025 | 943 | 947 | 913 | 890 |
Goodwill | 1.6% | 2,619 | 2,577 | 2,529 | 2,548 | 2,563 | 2,605 | 2,591 | 2,110 | 2,123 | 2,114 | 2,129 | 2,052 | 2,013 | 2,000 | 1,998 | 1,915 | 1,926 | 1,841 | 1,823 | 1,835 | 1,824 |
Current Liabilities | 6.9% | 10,024 | 9,374 | 8,303 | 7,634 | 8,632 | 8,278 | 6,856 | 5,558 | 5,165 | 3,816 | 3,797 | 3,583 | 3,492 | 4,730 | 4,108 | 3,959 | 4,606 | 4,689 | 3,750 | 3,609 | 4,207 |
Long Term Debt | 0.1% | 6,555 | 6,548 | 5,283 | 5,120 | 5,140 | 5,147 | 5,145 | 5,687 | 5,295 | 5,290 | 4,855 | 4,849 | 4,831 | 3,651 | 3,271 | 2,695 | 2,709 | 2,716 | 2,733 | 2,732 | 2,743 |
Shareholder's Equity | 369.3% | 371 | 79.00 | 94.00 | - | 35.00 | -145 | -188 | - | - | - | - | 247 | 684 | 1,231 | 1,464 | 1,523 | 1,408 | 1,240 | 1,343 | 1,551 | 1,406 |
Retained Earnings | 9.9% | -2,680 | -2,974 | -2,971 | -2,768 | -3,129 | -3,317 | -3,327 | -3,132 | -3,179 | -2,984 | -2,676 | -2,233 | -1,704 | -1,137 | -949 | -789 | -968 | -1,071 | -1,019 | -871 | -1,044 |
Additional Paid-In Capital | -3.8% | 2,439 | 2,536 | 2,698 | 2,852 | 2,854 | 2,889 | 2,898 | 2,904 | 2,433 | 2,431 | 2,387 | 2,361 | 2,295 | 2,261 | 2,246 | 2,262 | 2,296 | 2,268 | 2,268 | 2,328 | 2,338 |
Accumulated Depreciation | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,383 | 1,345 | 1,316 | 1,270 | 1,231 | 1,190 |
Shares Outstanding | 0.2% | 229 | 228 | 231 | 226 | 225 | 222 | 225 | 217 | 216 | 215 | 218 | 213 | 212 | 211 | 210 | 211 | 210 | 209 | 207 | 208 | 207 |
Minority Interest | 3.5% | 559 | 540 | 461 | 473 | 445 | 372 | 394 | 363 | 333 | 336 | 338 | 346 | 342 | 371 | 318 | 236 | 234 | 197 | 244 | 234 | 242 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | 7.9% | 1,931 | 1,790 | 1,832 | 1,684 | 2,158 | 2,904 | 1,781 | 898 | 477 | -1,640 | -1,083 | -520 | -213 | 632 | 470 | 719 | 715 | 635 | 942 | 461 | 339 |
Share Based Compensation | 17.3% | 104 | 88.00 | 110 | 215 | 218 | 219 | 209 | 90.00 | 119 | 145 | 117 | 119 | 74.00 | 47.00 | 49.00 | 48.00 | 48.00 | 48.00 | 46.00 | 53.00 | 50.00 |
Cashflow From Investing | -15.0% | -839 | -729 | -784 | -814 | -761 | -692 | -566 | -111 | -83.72 | -91.58 | -224 | -512 | -599 | -728 | -691 | -521 | -464 | -493 | -496 | -470 | -470 |
Cashflow From Financing | -56.9% | 68.00 | 157 | -143 | -226 | 632 | 679 | 1,171 | 1,211 | 289 | 1,385 | 1,350 | 1,830 | 1,889 | 783 | 329 | -218 | -223 | -286 | 189 | 167 | 212 |
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Income Statement [Abstract] | ||||
Revenue | $ 5,630,723 | $ 4,434,174 | $ 8,758,113 | $ 6,236,982 |
Operating expenses: | ||||
Direct operating expenses | 4,164,778 | 3,267,023 | 6,280,367 | 4,338,045 |
Selling, general and administrative expenses | 868,595 | 672,213 | 1,558,916 | 1,242,395 |
Depreciation and amortization | 136,514 | 115,927 | 251,699 | 216,396 |
Gain (Loss) on Disposition of Other Assets | 7,013 | (1,065) | 6,509 | (2,730) |
Corporate expenses | 81,478 | 59,247 | 144,493 | 91,657 |
Operating income | 386,371 | 318,699 | 529,147 | 345,759 |
Interest expense | 81,995 | 68,435 | 171,210 | 135,208 |
Loss on extinguishment of debt | 0 | 0 | 18,366 | 0 |
Interest income | (56,452) | (13,192) | (96,765) | (20,756) |
Equity in earnings of nonconsolidated affiliates | (5,558) | (1,955) | (9,665) | (6,243) |
Other expense (income), net | (6,599) | 5,039 | 4,984 | 14,438 |
Income before income taxes | 372,985 | 260,372 | 441,017 | 223,112 |
Income tax expense | 41,648 | 31,995 | 65,488 | 43,691 |
Net income | 331,337 | 228,377 | 375,529 | 179,421 |
Net income attributable to noncontrolling interests | 37,655 | 40,577 | 85,016 | 41,803 |
Net income attributable to common stockholders of Live Nation | $ 293,682 | $ 187,800 | $ 290,513 | $ 137,618 |
Basic net loss per common share available to common stockholders of Live Nation | $ 1.04 | $ 0.69 | $ 0.78 | $ 0.31 |
Diluted net loss per common share available to common stockholders of Live Nation | $ 1.02 | $ 0.66 | $ 0.78 | $ 0.30 |
Weighted average common shares outstanding: | ||||
Weighted Average Number of Shares Outstanding, Basic | 228,536,179 | 224,674,447 | 228,350,537 | 223,290,226 |
Weighted Average Number of Shares Outstanding, Diluted | 243,660,186 | 243,634,764 | 230,490,937 | 231,367,674 |
Reconciliation to net income (loss) available to common stockholders of Live Nation: | ||||
Net income attributable to common stockholders of Live Nation | $ 293,682 | $ 187,800 | $ 290,513 | $ 137,618 |
Accretion of redeemable noncontrolling interests | (56,621) | (32,560) | (111,554) | (68,274) |
Net income available to common stockholders of Live Nation—basic | 237,061 | 155,240 | 178,959 | 69,344 |
Interest on Convertible Debt, Net of Tax | 10,804 | 6,365 | 0 | 0 |
Net income available to common stockholders of Live Nation—diluted | $ 247,865 | $ 161,605 | $ 178,959 | $ 69,344 |
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
---|---|---|
Current assets | ||
Cash and cash equivalents | $ 7,128,873 | $ 5,606,457 |
Accounts receivable, less allowance of $66,669 and $63,294, respectively | 1,889,652 | 1,465,383 |
Prepaid expenses | 1,628,578 | 949,826 |
Restricted cash | 7,769 | 5,917 |
Other current assets | 122,076 | 131,939 |
Total current assets | 10,776,948 | 8,159,522 |
Property, plant and equipment, net | 1,904,020 | 1,487,663 |
Operating lease assets | 1,582,873 | 1,571,395 |
Intangible assets | ||
Definite-lived intangible assets, net | 1,118,166 | 1,050,622 |
Indefinite-lived intangible assets, net | 378,181 | 368,712 |
Goodwill | 2,619,356 | 2,529,380 |
Long-term advances | 654,938 | 568,558 |
Other long-term assets | 890,608 | 724,989 |
Total assets | 19,925,090 | 16,460,841 |
Current liabilities | ||
Accounts payable, client accounts | 1,670,651 | 1,791,025 |
Accounts payable | 293,865 | 180,076 |
Accrued expenses | 2,778,581 | 2,368,434 |
Deferred revenue | 5,025,871 | 3,134,800 |
Current portion of long-term debt, net | 51,489 | 620,032 |
Current portion of operating lease liabilities | 146,931 | 140,232 |
Other current liabilities | 56,143 | 68,716 |
Total current liabilities | 10,023,531 | 8,303,315 |
Long-term debt, net | 6,554,697 | 5,283,467 |
Long-term operating lease liabilities | 1,659,898 | 1,654,525 |
Other long-term liabilities | 562,016 | 455,971 |
Commitments and contingent liabilities | ||
Redeemable noncontrolling interests | 753,519 | 669,766 |
Stockholders' equity | ||
Common stock | 2,291 | 2,285 |
Additional paid-in capital | 2,438,660 | 2,698,316 |
Accumulated deficit | (2,680,716) | (2,971,229) |
Cost of shares held in treasury | (6,865) | (6,865) |
Accumulated other comprehensive income (loss) | 59,253 | (90,076) |
Total Live Nation stockholders' equity | (187,377) | (367,569) |
Noncontrolling interests | 558,806 | 461,366 |
Total equity | 371,429 | 93,797 |
Total liabilities and equity | $ 19,925,090 | $ 16,460,841 |