Last 7 days
-4.6%
Last 30 days
-12.9%
Last 90 days
-4.6%
Trailing 12 Months
-40.0%
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
DIS | 175.6B | 84.4B | -13.52% | -30.63% | 52.89 | 2.08 | 15.66% | 7.72% |
NFLX | 141.8B | 31.6B | -15.28% | -11.62% | 31.57 | 4.49 | 6.46% | -12.20% |
LYV | 15.2B | 16.7B | -12.95% | -40.02% | 51.34 | 0.91 | 166.11% | 145.47% |
MID-CAP | ||||||||
WWE | 6.3B | 1.3B | -4.49% | 49.32% | 32.07 | 4.86 | 17.93% | 10.25% |
AMC | 4.6B | 3.9B | -10.04% | -70.93% | -4.72 | 1.18 | 54.73% | 23.28% |
MSGS | 4.5B | - | -3.27% | 12.39% | 79.83 | 5.31 | 97.57% | 3.36% |
TRIP | 2.4B | 1.5B | -24.37% | -23.30% | 120.49 | 1.62 | 65.41% | 113.51% |
SMALL-CAP | ||||||||
MSGE | 1.9B | 2.0B | -11.56% | -31.40% | -20.33 | 0.98 | 52.20% | 29.12% |
CNK | 1.6B | 2.5B | 6.77% | -21.19% | -5.83 | 0.64 | 62.51% | 35.86% |
SCPL | 399.3M | 671.0M | 3.81% | 30.81% | 17.83 | 0.6 | 10.71% | 16.06% |
RDI | 70.8M | 205.8M | -1.46% | -17.56% | -3.11 | 0.34 | 97.60% | -232.34% |
GAIA | 57.2M | 82.0M | -6.78% | -51.01% | -18.49 | 0.7 | 3.09% | -182.95% |
CSSE | 47.2M | 175.2M | -45.42% | -67.51% | -0.69 | 0.27 | 85.09% | -73.73% |
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | 10.5% | 16,681 | 15,094 | 11,639 | 7,781 | 6,268 |
S&GA Expenses | 9.3% | 2,956 | 2,704 | 2,345 | 2,002 | 1,755 |
EBITDA | 4.4% | 1,234 | 1,181 | 834 | 354 | - |
EBITDA Margin | -5.5% | 0.07* | 0.08* | 0.07* | 0.05* | - |
Earnings Before Taxes | 4.8% | 505 | 482 | 136 | -332 | -611 |
EBT Margin | -5.2% | 0.03* | 0.03* | 0.01* | -0.04* | - |
Interest Expenses | 0.2% | 278 | 278 | 278 | 278 | 282 |
Net Income | -2.7% | 296 | 304 | -10.43 | -393 | -650 |
Net Income Margin | -11.9% | 0.02* | 0.02* | 0.00* | -0.05* | - |
Free Cahsflow | 3.9% | 1,485 | 1,429 | 1,933 | 2,713 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | 4.3% | 16,461 | 15,787 | 16,421 | 16,007 | 14,402 |
Current Assets | 2.9% | 8,160 | 7,927 | 8,551 | 8,110 | 6,684 |
Cash Equivalents | 13.2% | 5,606 | 4,951 | 5,860 | 5,872 | 4,885 |
Net PPE | 35.5% | 1,488 | 1,098 | 1,089 | 1,086 | 1,092 |
Goodwill | -0.7% | 2,529 | 2,548 | 2,563 | 2,605 | 2,591 |
Current Liabilities | 8.8% | 8,303 | 7,634 | 8,632 | 8,278 | 6,856 |
Long Term Debt | 3.2% | 5,283 | 5,120 | 5,140 | 5,147 | 5,145 |
Shareholder's Equity | 168.0% | 94.00 | 35.00 | -188 | - | - |
Retained Earnings | -7.3% | -2,971 | -2,768 | -3,129 | -3,317 | -3,327 |
Additional Paid-In Capital | -5.4% | 2,698 | 2,852 | 2,854 | 2,889 | 2,898 |
Shares Outstanding | 2.4% | 231 | 226 | 225 | 222 | 225 |
Minority Interest | -2.5% | 461 | 473 | 445 | 372 | 394 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | 8.8% | 1,832 | 1,684 | 2,158 | 2,904 | 1,781 |
Share Based Compensation | -48.9% | 110 | 215 | 218 | 219 | 209 |
Cashflow From Investing | 3.7% | -784 | -814 | -761 | -692 | -566 |
Cashflow From Financing | 36.6% | -143 | -226 | 632 | 679 | 1,171 |
60%
35%
29.2%
Y-axis is the maximum loss one would have experienced if Live Nation Entertainment was unfortunately bought at previous high price.
18.8%
17%
8.3%
16.1%
FIve years rolling returns for Live Nation Entertainment.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | added | 172 | 313,723 | 524,723 | 0.01% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 5.84 | -9,117,910 | 302,147,000 | 0.33% |
2023-03-06 | NORTH STAR ASSET MANAGEMENT INC | new | - | 1,453,660 | 1,453,660 | 0.09% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 14.91 | 7,000 | 155,000 | -% |
2023-03-02 | OLIVER LAGORE VANVALIN INVESTMENT GROUP | reduced | -56.13 | -16,260 | 10,740 | 0.01% |
2023-02-28 | Voya Investment Management LLC | added | 24.5 | -44,659,000 | 127,583,000 | 0.18% |
2023-02-27 | Parallax Volatility Advisers, L.P. | reduced | -24.42 | -1,666,810 | 3,765,190 | 0.01% |
2023-02-24 | NATIXIS | added | 100 | 587,632 | 1,289,630 | 0.01% |
2023-02-24 | SRS Capital Advisors, Inc. | added | 47.06 | 487 | 3,487 | -% |
2023-02-24 | National Pension Service | sold off | -100 | -20,950,100 | - | -% |
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 |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | 6.96 -89.41% | 16.97 -74.17% | 43.47 -33.85% | 76.95 17.11% | 111.20 69.23% |
Current Inflation | 6.44 -90.20% | 15.38 -76.59% | 38.46 -41.47% | 67.14 2.18% | 96.35 46.63% |
Very High Inflation | 5.79 -91.19% | 13.44 -79.55% | 32.56 -50.45% | 55.75 -15.16% | 79.23 20.58% |
Date Filed | Form Type | Document | |
---|---|---|---|
Mar 22, 2023 | 4 | Insider Trading | |
Mar 22, 2023 | 4 | Insider Trading | |
Feb 28, 2023 | 4 | Insider Trading | |
Feb 28, 2023 | 4 | Insider Trading | |
Feb 28, 2023 | 4 | Insider Trading | |
Feb 23, 2023 | 10-K | Annual Report | |
Feb 23, 2023 | 8-K | Current Report | |
Feb 14, 2023 | SC 13G/A | Major Ownership Report | |
Feb 10, 2023 | 8-K | Current Report | |
Feb 09, 2023 | SC 13G/A | Major Ownership Report |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-02-26 | Rowles Michael | sold (taxes) | -23,797 | 68.78 | -346 | evp & general counsel |
2023-02-26 | Capo Brian | sold (taxes) | -15,406 | 68.78 | -224 | chief accounting officer |
2023-02-25 | Rowles Michael | sold (taxes) | -22,491 | 68.78 | -327 | evp & general counsel |
2023-02-25 | Hopmans John | sold (taxes) | -150,697 | 68.78 | -2,191 | evp, m&a and strategic finance |
2023-02-25 | Capo Brian | sold (taxes) | -11,555 | 68.78 | -168 | chief accounting officer |
2022-12-31 | Berchtold Joe | sold (taxes) | -27,538,600 | 69.74 | -394,875 | president & cfo |
2022-12-31 | Rapino Michael | sold (taxes) | -45,521,900 | 69.74 | -652,737 | president & ceo |
2022-12-13 | Rapino Michael | gifted | - | - | -33,966 | president & ceo |
2022-12-09 | Rapino Michael | sold (taxes) | -37,745,600 | 71.77 | -525,924 | president & ceo |
2022-12-09 | Rapino Michael | acquired | 7,893,000 | 8.77 | 900,000 | president & ceo |
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($) $ in Thousands | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income Statement [Abstract] | |||
Revenues | $ 16,681,254 | $ 6,268,447 | $ 1,861,178 |
Operating expenses: | |||
Direct operating expenses | 12,337,524 | 4,355,989 | 1,402,400 |
Selling, general and administrative expenses | 2,955,884 | 1,754,822 | 1,524,342 |
Depreciation and amortization | 449,976 | 416,277 | 485,025 |
Loss (gain) on disposal of operating assets | (32,082) | (1,211) | 503 |
Corporate expenses | 237,834 | 160,428 | 102,100 |
Operating income (loss) | 732,118 | (417,858) | (1,653,192) |
Interest expense | 278,483 | 282,440 | 226,832 |
Interest income | (77,620) | (6,625) | (11,737) |
Equity in losses (earnings) of nonconsolidated affiliates | (10,571) | (2,520) | 5,458 |
Loss (gain) from sale of investments in nonconsolidated affiliates | (448) | (83,578) | 1,727 |
Other expense (income), net | 36,827 | 3,692 | (18,807) |
Income (loss) before income taxes | 505,447 | (611,267) | (1,856,665) |
Income tax expense (benefit) | 96,254 | (2,481) | (28,875) |
Net income (loss) | 409,193 | (608,786) | (1,827,790) |
Net income (loss) attributable to noncontrolling interests | 113,207 | 42,118 | (103,255) |
Net income (loss) attributable to common stockholders of Live Nation | $ 295,986 | $ (650,904) | $ (1,724,535) |
Earnings Per Share, Basic | $ 0.66 | $ (3.09) | $ (8.12) |
Earnings Per Share, Diluted | $ 0.64 | $ (3.09) | $ (8.12) |
Weighted average common shares outstanding: | |||
Weighted average common shares—basic | 224,809,558 | 217,190,862 | 212,270,944 |
Weighted average common shares—diluted | 231,556,866 | 217,190,862 | 212,270,944 |
Reconciliation to net income (loss) available to common stockholders of Live Nation: | |||
Net income (loss) attributable to common stockholders of Live Nation | $ 295,986 | $ (650,904) | $ (1,724,535) |
Accretion of redeemable noncontrolling interests | (146,770) | (19,771) | 1,180 |
Net income (loss) available to common stockholders, basic and diluted, total | $ 149,216 | $ (670,675) | $ (1,723,355) |
CONSOLIDATED BALANCE SHEETS - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
---|---|---|
Current assets | ||
Cash and cash equivalents | $ 5,606,457,000 | $ 4,884,729,000 |
Accounts receivable, less allowance of $63,294 and $50,491, respectively | 1,465,383,000 | 1,066,573,000 |
Prepaid expenses | 949,826,000 | 654,894,000 |
Restricted cash | 5,917,000 | 3,063,000 |
Other current assets | 131,939,000 | 74,834,000 |
Total current assets | 8,159,522,000 | 6,684,093,000 |
Property, plant and equipment, net | 1,487,663,000 | 1,091,929,000 |
Operating lease assets | 1,571,395,000 | 1,538,911,000 |
Intangible assets | ||
Definite-lived intangible assets, net | 1,050,622,000 | 1,026,338,000 |
Indefinite-lived intangible assets, net | 368,712,000 | 369,028,000 |
Goodwill | 2,529,380,000 | 2,590,869,000 |
Long-term advances | 568,558,000 | 552,697,000 |
Other long-term assets | 724,989,000 | 548,453,000 |
Total assets | 16,460,841,000 | 14,402,318,000 |
Current liabilities | ||
Accounts payable, client accounts | 1,791,025,000 | 1,532,345,000 |
Accounts payable | 180,076,000 | 110,623,000 |
Accrued expenses | 2,368,434,000 | 1,645,906,000 |
Deferred revenue | 3,134,800,000 | 2,774,792,000 |
Current portion of long-term debt, net | 620,032,000 | 585,254,000 |
Current portion of operating lease liabilities | 140,232,000 | 123,715,000 |
Other current liabilities | 68,716,000 | 83,087,000 |
Total current liabilities | 8,303,315,000 | 6,855,722,000 |
Long-term debt, net | 5,283,467,000 | 5,145,484,000 |
Long-term operating lease liabilities | 1,654,525,000 | 1,606,064,000 |
Long-term deferred income taxes | 305,524,000 | 236,549,000 |
Other long-term liabilities | 455,971,000 | 431,581,000 |
Commitments and contingent liabilities | ||
Redeemable noncontrolling interests | 669,766,000 | 551,921,000 |
Stockholders' equity | ||
Common stock, $0.01 par value; 450,000,000 shares authorized; 231,671,647 and 225,082,603 shares issued and 231,263,623 and 224,674,579 shares outstanding in 2022 and 2021, respectively | 2,285,000 | 2,220,000 |
Additional paid-in capital | 2,698,316,000 | 2,897,695,000 |
Accumulated deficit | (2,971,229,000) | (3,327,737,000) |
Cost of shares held in treasury | (6,865,000) | (6,865,000) |
Accumulated other comprehensive loss | (90,076,000) | (147,964,000) |
Total Live Nation stockholders' equity | (367,569,000) | (582,651,000) |
Noncontrolling interests | 461,366,000 | 394,197,000 |
Total equity | 93,797,000 | (188,454,000) |
Total liabilities and equity | 16,460,841,000 | 14,402,318,000 |
Series A Preferred Stock [Member] | ||
Stockholders' equity | ||
Preferred stock—Series A Junior Participating, $0.01 par value; 20,000,000 shares authorized; no shares issued and outstanding | 0 | 0 |
Preferred stock, $0.01 par value; 30,000,000 shares authorized; no shares issued and outstanding | 0 | 0 |
Preferred Stock [Member] | ||
Stockholders' equity | ||
Preferred stock—Series A Junior Participating, $0.01 par value; 20,000,000 shares authorized; no shares issued and outstanding | 0 | 0 |
Preferred stock, $0.01 par value; 30,000,000 shares authorized; no shares issued and outstanding | $ 0 | $ 0 |