Live Nation Entertainment, Inc. (LYV)

NYSE: LYV · IEX Real-Time Price · USD
95.99
+2.51 (2.69%)
May 24, 2024, 4:00 PM EDT - Market closed
2.69%
Market Cap 22.05B
Revenue (ttm) 23.42B
Net Income (ttm) 252.10M
Shares Out 229.74M
EPS (ttm) 1.05
PE Ratio 91.42
Forward PE 52.63
Dividend n/a
Ex-Dividend Date n/a
Volume 2,670,548
Open 94.25
Previous Close 93.48
Day's Range 95.99 - 95.99
52-Week Range 76.48 - 107.24
Beta 1.34
Analysts Strong Buy
Price Target 114.47 (+19.25%)
Earnings Date May 2, 2024

About LYV

Live Nation Entertainment, Inc. operates as a live entertainment company worldwide. 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. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists. The Ticketing segment manages the ticketing operations, including the provision of ticketing software a... [Read more]

Industry Entertainment
CEO Michael Rapino
Employees 31,700
Stock Exchange NYSE
Ticker Symbol LYV
Full Company Profile

Financial Performance

In 2023, LYV's revenue was $22.75 billion, an increase of 36.38% compared to the previous year's $16.68 billion. Earnings were $315.84 million, an increase of 111.67%.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for LYV stock is "Strong Buy." The 12-month stock price forecast is $114.47, which is an increase of 19.25% from the latest price.

Price Target
$114.47
(19.25% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Post Lawsuit, Live Nation Entertainment Stock Flat As Sales Seen Up 5%

On May 23, the U.S. Department of Justice filed a lawsuit against Live Nation Entertainment Live Nation Entertainment — aiming to break up the company, according to the Wall Street Journal.

16 hours ago - Forbes

Live Nation Faces Consumer Antitrust Lawsuit, Day After DOJ Suit

Live Nation and its Ticketmaster business are reportedly facing a consumer antitrust lawsuit that comes on the heels of a suit filed by the Justice Department. The consumer suit is the first of what's...

3 days ago - PYMNTS

DOJ Attacks Live Nation For Seeing a Future Its Competitors Did Not

“Some monopolies are just so entrenched, and some problems so difficult to address, that they require decisive and effective solutions.” Those are the words of Jonathan Kanter, who runs the Department...

3 days ago - Forbes

The Score: Target, Nvidia, Live Nation and More Stocks That Defined the Week

Here are some of the major companies whose stocks moved on the week's news.

Other symbols: NVDA
3 days ago - WSJ

Live Nation Facing Class Action Suit Over ‘Excessively High Fees' In Wake Of Federal Antitrust Lawsuit

A New York ticket buyer filed a proposed class action suit against Ticketmaster and its parent company Live Nation on Thursday, alleging consumers are forced to pay high prices because the company has...

3 days ago - Forbes

DOJ files lawsuit seeking to break up Live Nation and Ticketmaster

US Department of Justice (DOJ) officials filed an antitrust lawsuit against concert promoter and ticket seller Live Nation (LYV) on Thursday, making the case that Live Nation created a monopoly throug...

3 days ago - Yahoo Finance

Breakingviews: Live Nation breakup will leave Swifties unsated

Live Nation Entertainment is a company with few groupies, and the $22 billion venue owner and ticket seller can now add Uncle Sam to its list of detractors. The Department of Justice sued Live Nation ...

3 days ago - Reuters

DOJ's Doha Mekki on suing Live Nation over exerting 'monopoly power' on live music industry

Doha Mekki, DOJ principal deputy assistant attorney general for the antitrust division, joins 'Squawk Box' to discuss how much prices would come down if the DOJ is successful in its lawsuit against Li...

3 days ago - CNBC Television

Live Nation ticket buyers sue in wake of US Justice Department case

Live Nation and its Ticketmaster unit have been hit with the first in a likely wave of new consumer antitrust lawsuits after the U.S. government and states sued to break up the two companies on Thursd...

3 days ago - Reuters

Why is the Justice Department Suing Live Nation and Ticketmaster?

The DOJ and 30 states sued Live Nation and Ticketmaster for allegedly monopolizing live events like concerts and stand-up shows. Leah Nylen explains https://trib.al/GpaanuR More on Bloomberg Televisio...

3 days ago - Bloomberg Markets and Finance

Washington D.C. Attorney General explains why he's joining the DOJ suit against Live Nation

Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m.

4 days ago - CNBC Television

DOJ sues Live Nation alleging the company monopolized live events

Alleging a monopoly over live events, US Justice Department officials have filed an antitrust lawsuit against event promoter and ticket vendor Live Nation (LYV). Northeastern University School of Law ...

4 days ago - Yahoo Finance

Live Nation President Berchtold: We don't see enough profitability to sustain a monopoly as DOJ says

Live Nation President Joe Berchtold and CNBC's Julia Boorstin join 'Closing Bell' to discuss the DOJ's lawsuit against the company.

4 days ago - CNBC Television

Law Offices of Howard G. Smith Announces Investigation of Live Nation Entertainment, Inc. (LYV) on Behalf of Investors

BENSALEM, Pa. , May 23, 2024 /PRNewswire/ -- Law Offices of Howard G.

4 days ago - PRNewsWire

DOJ Files Antitrust Suit Against Live Nation

The US Justice Department and almost 30 states sued Live Nation Entertainment Inc., alleging an “entrenched” illegal monopoly over the live events industry and seeking to force the company to sell off...

4 days ago - Bloomberg Markets and Finance

Live Nation Entertainment Stock Tumbles as DOJ Announces Antitrust Suit

UPDATE: This article has been updated with a photo from the DOJ news conference, the latest stock price information and a stock price chart.

4 days ago - Investopedia

Live Nation Entertainment Stock Continues Slide as DOJ Announces Antitrust Suit

Ticketmaster parent Live Nation Entertainment's (LYV) stock continued to slide Thursday as the U.S. Department of Justice announced an antitrust suit against the ticketing and concert giant.

4 days ago - Investopedia

Ticketmaster owner Live Nation facing monopoly lawsuit - after criticism from Taylor Swift

The US Justice Department (DOJ) is suing Live Nation, arguing the big concert promoter and its subsidiary, Ticketmaster, have been "monopolising" the live events industry.

4 days ago - Skynews

Justice Department Sues to Break Up Live Nation-Ticketmaster

Antitrust enforcers allege the nation's largest concert promotion and ticketing company abused monopoly and drove up prices for tickets.

4 days ago - WSJ

US DOJ sues to break up Live Nation, Ticketmaster

The U.S. Justice Department, along with a group of 30 states and the District of Columbia, filed a lawsuit to break up Live Nation on Thursday, arguing the concert promoter and its Ticketmaster unit i...

4 days ago - Reuters

Live Nation Entertainment to Share Regulatory Update

LOS ANGELES , May 23, 2024 /PRNewswire/ -- Live Nation Entertainment, Inc. (NYSE: LYV), the world's leading live entertainment company, will share a regulatory update on Thursday, May 23, 2024. Manage...

4 days ago - PRNewsWire

The U.S. government sues to break up Live Nation-Ticketmaster

The United States Department of Justice and 30 state attorneys general filed a lawsuit against Live Nation Entertainment, the parent company of Ticketmaster, for alleged monopolistic practices.

4 days ago - TechCrunch

Garland Calls Live Nation, Ticketmaster Conduct Illegal

US Attorney General Merrick Garland says Live Nation and Ticketmaster practices are "anticompetitive and illegal." In a complaint filed Thursday in New York federal court, antitrust enforcers alleged ...

4 days ago - Bloomberg Markets and Finance

DOJ sues Live Nation over high prices, seeks to break up Ticketmaster merger

The DOJ and a group of 30 states and the District of Columbia argued the big concert promoter and Ticketmaster illegally inflated concert ticket prices and hurt artists.

4 days ago - New York Post

Justice Department sues to break up Live Nation

CNBC's Eamon Savers & Julia Boorstin report the latest news on Live Nation.

4 days ago - CNBC Television