Live Nation Entertainment Q3 Earnings Highlights: Record Concert Revenue In The Year Of Taylor Swift
Portfolio Pulse from Chris Katje
Live Nation Entertainment (NYSE:LYV) reported Q3 revenue of $8.2 billion, up 32% YoY, beating the Street estimate of $6.99 billion. Earnings per share were $1.78, surpassing the estimate of $1.27. The company reported a record concert revenue of $7 billion, up 32% YoY, with record attendance from all markets. Live Nation CEO Michael Rapino said the company is on pace for a record 2023, driven by the growth in the live entertainment industry. The company's shares are up 3% to $84.70 in after-hours trading.
November 02, 2023 | 9:09 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Live Nation reported strong Q3 results with record revenues, beating estimates. This positive news, along with the company's optimistic outlook for 2023, has led to a 3% increase in the company's stock in after-hours trading.
Live Nation's Q3 results exceeded expectations, with record revenues reported. The company's positive outlook for 2023, driven by the growth in the live entertainment industry, is likely to instill confidence in investors, leading to a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100