Live Nation Entertainment is set to announce its fourth-quarter earnings after the market closes on Thursday. Here are the key details you should know:
Revenue Expectations
The world’s largest concert promoter is expected to report fourth-quarter revenue of $4.77 billion, according to FactSet. This marks an increase from the $4.29 billion reported in the same period last year. The stock has seen a 4.2% increase in the past three months.
Key Points to Monitor
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Keep an eye out for insights on the global demand for live music and whether Live Nation exceeded its third-quarter ticket sales of over 140 million.
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CEO Michael Rapino mentioned a structural growth acceleration in the live-entertainment industry due to consumer spending shifting towards experiences.
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Watch for updates on Live Nation’s Ticketmaster platform, which managed over 600 million tickets as of the third quarter. In Q3, the ticketing unit generated $832.6 million in revenue, up from $531.6 million year-over-year.
