Live Nation Entertainment, Inc. (NYSE: LYV) is the world's leading live entertainment company. Headquartered in Beverly Hills, California, Live Nation was formed in 2010 through the merger of Live Nation and Ticketmaster.
The company operates through three main segments: Concerts, Ticketing, and Sponsorship & Advertising. Its Concerts division promotes live music events, operates entertainment venues, and manages music artists. Ticketmaster, its ticketing platform, provides ticket sales and distribution services. The Sponsorship & Advertising segment connects brands with the company's live event audiences.
In 2023, Live Nation reported record results, with revenue increasing 36% to USD 22.7 billion and operating income rising 46% to USD 1.07 billion compared to 2022. The company hosted over 145 million fans across more than 50,000 events globally. Live Nation invested over USD 13 billion in artists in 2023, making it the largest financial supporter of musicians in the industry.
Live Nation continues to expand its global presence, with a growing focus on international markets. In 2023, 50% more international acts were represented in the company's top 50 tours compared to five years ago. The company is also investing in its venue portfolio, with plans to open new large theaters and international arenas.
For 2024, Live Nation expects continued growth across its businesses. As of mid-February, ticket sales for Live Nation concerts were up 6% year-over-year, with 57 million tickets sold for shows in 2024. The company anticipates double-digit operating income and adjusted operating income growth in 2024, with profitability expected to compound by double-digits over the next several years.
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