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Compared to Estimates, Live Nation (LYV) Q1 Earnings: A Look at Key Metrics
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For the quarter ended March 2024, Live Nation (LYV - Free Report) reported revenue of $3.8 billion, up 21.5% over the same period last year. EPS came in at -$0.53, compared to -$0.25 in the year-ago quarter.
The reported revenue represents a surprise of +15.50% over the Zacks Consensus Estimate of $3.29 billion. With the consensus EPS estimate being -$0.20, the EPS surprise was -165.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Live Nation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Concerts - Estimated fans - Total: 22,930 thousand versus the four-analyst average estimate of 20,142.25 thousand.
Concerts - Estimated events - Total: 11,203 thousand compared to the 10,262.13 thousand average estimate based on four analysts.
Concerts - Estimated fans - North America: 10,891 thousand compared to the 7,880.78 thousand average estimate based on three analysts.
Ticketing - Total estimated tickets sold: 155,010 thousand versus the three-analyst average estimate of 149,041.4 thousand.
Ticketing - Estimated number of fee-bearing tickets: 76,578 thousand versus the three-analyst average estimate of 73,903.2 thousand.
Ticketing - Estimated number of non-fee-bearing tickets: 78,432 thousand versus the three-analyst average estimate of 73,922.31 thousand.
Concerts - Estimated events - International: 4,026 thousand versus 3,847.99 thousand estimated by three analysts on average.
Concerts - Estimated events - North America: 7,177 thousand versus 6,418.18 thousand estimated by three analysts on average.
Revenue- Concerts: $2.88 billion versus the seven-analyst average estimate of $2.41 billion. The reported number represents a year-over-year change of +26.2%.
Revenue- Other and Eliminations: -$14.40 million versus the seven-analyst average estimate of -$2.24 million. The reported number represents a year-over-year change of +800%.
Revenue- Sponsorship & Advertising: $211.30 million versus the seven-analyst average estimate of $188.98 million. The reported number represents a year-over-year change of +24.2%.
Revenue- Ticketing: $723.20 million compared to the $695.87 million average estimate based on seven analysts. The reported number represents a change of +6.7% year over year.
Shares of Live Nation have returned -14.3% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, Live Nation (LYV) Q1 Earnings: A Look at Key Metrics
For the quarter ended March 2024, Live Nation (LYV - Free Report) reported revenue of $3.8 billion, up 21.5% over the same period last year. EPS came in at -$0.53, compared to -$0.25 in the year-ago quarter.
The reported revenue represents a surprise of +15.50% over the Zacks Consensus Estimate of $3.29 billion. With the consensus EPS estimate being -$0.20, the EPS surprise was -165.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Live Nation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Concerts - Estimated fans - Total: 22,930 thousand versus the four-analyst average estimate of 20,142.25 thousand.
- Concerts - Estimated events - Total: 11,203 thousand compared to the 10,262.13 thousand average estimate based on four analysts.
- Concerts - Estimated fans - North America: 10,891 thousand compared to the 7,880.78 thousand average estimate based on three analysts.
- Ticketing - Total estimated tickets sold: 155,010 thousand versus the three-analyst average estimate of 149,041.4 thousand.
- Ticketing - Estimated number of fee-bearing tickets: 76,578 thousand versus the three-analyst average estimate of 73,903.2 thousand.
- Ticketing - Estimated number of non-fee-bearing tickets: 78,432 thousand versus the three-analyst average estimate of 73,922.31 thousand.
- Concerts - Estimated events - International: 4,026 thousand versus 3,847.99 thousand estimated by three analysts on average.
- Concerts - Estimated events - North America: 7,177 thousand versus 6,418.18 thousand estimated by three analysts on average.
- Revenue- Concerts: $2.88 billion versus the seven-analyst average estimate of $2.41 billion. The reported number represents a year-over-year change of +26.2%.
- Revenue- Other and Eliminations: -$14.40 million versus the seven-analyst average estimate of -$2.24 million. The reported number represents a year-over-year change of +800%.
- Revenue- Sponsorship & Advertising: $211.30 million versus the seven-analyst average estimate of $188.98 million. The reported number represents a year-over-year change of +24.2%.
- Revenue- Ticketing: $723.20 million compared to the $695.87 million average estimate based on seven analysts. The reported number represents a change of +6.7% year over year.
View all Key Company Metrics for Live Nation here>>>Shares of Live Nation have returned -14.3% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.