Market Summary
USD65.71-0.53
Delayedas of 23 Mar 2023, 01:26 pm-0.80%
LYV Stock Price
LYV RSI Chart
LYV Valuation
LYV Price/Sales (Trailing)
LYV Profitability
LYV Fundamentals
LYV Revenue
LYV Earnings
Price Action
52 Week Range
65.05121.28
(Low)(High)
Last 7 days
-4.6%
Last 30 days
-12.9%
Last 90 days
-4.6%
Trailing 12 Months
-40.0%
LYV Financial Health
LYV Investor Care
Peers (Alternatives to Live Nation Entertainment)
View All Peers In Detail| 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% |
Financials for Live Nation Entertainment
| 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 |
Risks for LYV
What is the probability of a big loss on LYV?
60%
Probability that Live Nation Entertainment stock will be more than 20% underwater in next one year
35%
Probability that Live Nation Entertainment stock will be more than 30% underwater in next one year.
29.2%
Probability that Live Nation Entertainment stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does LYV drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Live Nation Entertainment was unfortunately bought at previous high price.
Drawdowns
Returns for LYV
Cumulative Returns on LYV
18.8%
10-Year Cumulative Returns
17%
7-Year Cumulative Returns
8.3%
5-Year Cumulative Returns
16.1%
3-Year Cumulative Returns
What are the long-term rolling returns for LYV?
FIve years rolling returns for Live Nation Entertainment.
Annualized Returns
Which funds bought or sold LYV recently?
View All Details| 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 | - | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Live Nation Entertainment News
Schedule 13G FIlings of Live Nation Entertainment
| 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 |
LYV Fair Value
Live Nation Entertainment fair value in different scenarios
The table shows the Fair Value estimates for Live Nation Entertainment for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| 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% |
Historical Live Nation Entertainment Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Live Nation Entertainment
View All Filings| 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 |
Latest Insider Trading transactions for LYV
Filter Transactions| 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 |
Live Nation Entertainment, Inc. operates as a live entertainment company. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues; operates and manages music venues; produces music festivals; creates associated content; and offers management and other services to artists. The Ticketing segment manages the ticketing operations, including the provision of ticketing software and services to clients for tickets and event information through its primary websites livenation.com and ticketmaster.com, as well as provides ticket resale services. This segment sells tickets for its events, as well as for third-party clients in various live event categories, such as arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters through websites, mobile apps, and ticket outlets. The Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertising, including signage, promotional programs, rich media offering that comprise advertising related with live streaming and music-related content; and ads across its distribution network of venues, events, and websites. This segment also manages the development of strategic sponsorship programs, as well as develops, books, and produces custom events or programs for specific brands. As of December 31, 2021, it owned, operated, or leased 165 entertainment venues in North America and 94 entertainment venues internationally. The company was formerly known as Live Nation, Inc. and changed its name to Live Nation Entertainment, Inc. in January 2010. Live Nation Entertainment, Inc. was incorporated in 2005 and is headquartered in Beverly Hills, California.
LYV Income Statement
2022-12-31CONSOLIDATED 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) |
LYV Balance Sheet
2022-12-31CONSOLIDATED 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 |