Release date: February 20, 2025
For complete transcript of earning calls, please see the full income call transcript.
Live Nation Entertainment Inc.
The company expects good revenue growth, especially benefiting the ticketmaster due to the high amounts of the stadium show.
The sponsorship business is performing well, selling double digits with 75%, indicating ongoing strong growth.
Live Nation Entertainment Inc.
The company focuses on expanding its global appearance, plans to increase market share in underdeveloped markets and continue revenue from consumers.
The ticket quantity of tickets transacted was only 3%, which was less than expected given the concert ticket growth.
There is a disconnect between high ticket prices and consumer demands, some high-profile shows still have high price tickets available.
The company faces challenges to score pre-cell access to popular artists, which can affect revenue opportunities.
Live Nation Entertainment Inc.
With focus on international sector opportunities, the company’s capital expenditure is increasing considerably, which can pose a financial risk if the return is not required.
Why: Can you discuss the current consumer demand trends for the stadium show and any change since November? A: Michael Rapino, CEO: We have seen strong demands with rates through sales in stadiums compared to last year. More than 75% of tickets are sold in the first week, which despite the increased inventory, there is no slowdown in demand.
Why: How does the mix shift concert segment segment affect margin and AOI growth in stadiums? A: Joe Barktold, CFO: This year resembles 2023 with the amount of important stadium. The ticketmaster stadium is greatly benefited from the show, and we expect strong revenue growth. Sponsions are performing well, and we estimate the AOI development of double digits, although the exact balance will depend on an increase in other places such as amphitheater.
Why: Despite the strong concert ticket sales, why is the ticket quantity of tickets for tickets only 3%? A: The birchtold, CFO: Concert tickets are 10% above, but the total volume of the ticket is 3% due to low activity in non-coarsert events. On-cells also affected revenue growth, in which the stadium dominated the fourth quarter.
