Live Nation Entertainment, Inc. · LYV · FY2024 Q3 · Calendar Q4 2024

Live Nation: Ticketing and concert growth support a strong Q4 setup

The supplied analysis supports a constructive operating thesis for Live Nation: ticketing, concerts, sponsorship, premium experiences, and venue expansion provide multiple growth avenues. The thesis is conditional because regulatory scrutiny, FX, spending, and execution risks could offset operating momentum; reported-versus-consensus comparisons are not available here.

Reported After market closeNYSECommunication Services $39.87B market cap
80quality score

Earnings scorecard

Reported versus consensus
Reported EPS — Consensus $1.61
EPS surprise — Reported versus consensus
Reported revenue — Consensus $7.77B
Revenue surprise — Reported versus consensus

Market reaction

event-close to next-session close
Stock move +4.7% Event window
SPY move -0.3% Same window
Abnormal move +5.1% Stock minus SPY
Volume 3.1× Versus trailing sessions
Subsequent drift +3.9% Up to 20 sessions
LYVSPY benchmark

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Transcript intelligence

What changed

Relative to the prior-quarter analysis, management continued to describe demand and the outlook as strong, while the latest analysis adds 15% Ticketmaster sales growth, 23% Concerts growth, 20% year-over-year sponsorship-partner growth, a $50 million CapEx increase for a new amphitheater, and a more detailed premium-inventory and technology-investment plan.

Guidance delta

Maintained; management continued to describe a strong Q4 and growth trajectory into 2025.

Key takeaways

  • Management highlighted 15% year-over-year Ticketmaster sales growth and 23% Concerts growth.
  • A large stadium and arena on-sale pipeline is expected to support Q4 volume.
  • Sponsorship partners grew 20% year over year, while premium inventory and venue investment offer additional monetization opportunities.
  • The market reaction was positive, but regulatory, FX, spending, and execution risks remain material.

Management priorities

  • Execute the stadium and arena pipeline and deliver a strong Q4.
  • Expand sponsorship revenue through global partner growth.
  • Build or refurbish 14 venues and add premium fan inventory.
  • Continue investment in Ticketmaster pricing, bot prevention, and marketing analytics.

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Earnings History

Estimate Beat Miss Match
LYV EPS earnings history estimate and actual scatter chart 8 reported fiscal quarters and 3 future estimate-only quarters. Q4 '23 estimate $-1.13 Q4 '23 actual $-1.22, miss Q1 '24 estimate $-0.18 Q1 '24 actual $-0.53, miss Q2 '24 estimate $1.07 Q2 '24 actual $1.03, miss Q2 '25 estimate $1.03 Q2 '25 actual $0.41, miss Q3 '25 estimate $1.31 Q3 '25 actual $0.73, miss Q4 '25 estimate $-1.02 Q4 '25 actual $-1.06, miss Q1 '26 estimate $-0.35 Q1 '26 actual $-1.85, miss Q2 '26 estimate $0.66 Q2 '26 actual $1.05, beat Q3 '26 estimate $1.56 Q4 '26 estimate $-0.96 Q1 '27 estimate $-0.08

Analyst Consensus ?

ConsensusBuy46 ratings
Bullish4087.0%
Neutral613.0%
Bearish00.0%

Analyst 52W Price Targets

$171.32Previous close
$82Low
$175.09Average
$222High

Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 14, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Citigroup Buy BuyMaintainAug 3, 2026
Susquehanna Neutral NeutralMaintainJul 31, 2026
Oppenheimer Outperform OutperformMaintainJul 31, 2026
Guggenheim Buy BuyMaintainJul 31, 2026
BTIG Buy BuyMaintainJul 31, 2026
Show 41 more rating actions

Named analyst price targets

Upside is calculated against the persisted previous close $171.32. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
BernsteinAnalyst unavailable$220$169.64 +28.4%Oct 13, 2026
Deutsche BankAnalyst unavailable$205$173.11 +19.7%Jul 31, 2026
SusquehannaJoseph Stauff$187$174.24 +9.2%Jul 31, 2026
OppenheimerAnalyst unavailable$210$173.26 +22.6%Jul 31, 2026
BernsteinAnalyst unavailable$215$183.59 +25.5%Jul 31, 2026
See 53 more

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Company context

Snapshot as of publication

Live Nation Entertainment, Inc., incorporated in 2005 and formerly known as Live Nation, Inc. until its name change in January 2010, is a global leader in live entertainment, headquartered in Beverly Hills, California. The company's diverse operations are organized into three primary business segments: Concerts, Ticketing, and Sponsorship & Advertising. The Concerts segment is responsible for organizing and promoting live musical performances, utilizing its extensive portfolio of owned or managed venues, as well as various rented third-party locations. This division also oversees the management and operation of music venues, produces major music festivals, develops related content, and offers management and other support services to artists. Through its Ticketing segment, Live Nation manages a comprehensive suite of ticketing operations.…

Historical context

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Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2024-11-10T18:39:04.055137+00:00
  3. Polygon adjusted daily market bars · 2026-10-14T09:00:44.389894+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-14T09:00:44.387164+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-14. For educational purposes only; not investment advice.