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Last $27.08 USD
Change Today +2.02 / 8.06%
Volume 2.0M
LYV On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

live nation entertainment in (LYV) Key Developments

Live Nation Entertainment, Inc. Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Reiterates Capital Expenditure Guidance for 2015

Live Nation Entertainment, Inc. announced unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s revenue was $1,120.3 million compared to $1,127.3 million a year ago. Adjusted operating income was $69.6 million compared to $82.6 million a year ago. Operating loss was $23.9 million compared to $12.3 million a year ago. Free cash flow was $24.0 million compared to $35.1 million a year ago. Net cash provided by operating activities was $342,546,000 compared to $366,608,000 a year ago was impacted by higher payments for event-related expenses for shows later in the year as compared to last year. Total capital expenditures for the first quarter were $26 million compared to $21 million last year. Net loss for the quarter was $58 million versus a loss of $32 million last year, driven by a $21 million noncash adjustment to certain working capital accounts based on changes in exchange rates. Revenue for the first quarter was driven by growth in Ticketing, with both primary and secondary delivering strong results year-over-year. The company expects that total capital expenditures for 2015 will be in line with the guidance it had previously given at approximately 2% of revenue.

Ascend Federal Credit Union Enters into Multi-Year Partnership with Live Nation Entertainment

Ascend Federal Credit Union has entered into a multi-year partnership with Live Nation Entertainment that gives it the naming rights to a new amphitheater in downtown Nashville, Tenn. Ascend Amphitheater will hold its first concert on July 30, 2015. Ascend Amphitheater encompasses a 1.5-acre event lawn and has a capacity of 6,800. Live Nation's management agreement with the city of Nashville runs until 2025.

Live Nation Entertainment, Inc. to Report Q1, 2015 Results on Apr 30, 2015

Live Nation Entertainment, Inc. announced that they will report Q1, 2015 results at 5:00 PM, US Eastern Standard Time on Apr 30, 2015

Live Nation Entertainment, Inc., Q1 2015 Earnings Call, Apr 30, 2015

Live Nation Entertainment, Inc., Q1 2015 Earnings Call, Apr 30, 2015

StubHub Sues Live Nation Entertainment Inc.'s Ticketmaster, Golden State Warriors for Anticompetitive Practices

StubHub, eBay Inc.'s ticket marketplace, announced that it filed an antitrust lawsuit against Live Nation Entertainment Inc. unit Ticketmaster and the Golden State Warriors' front office. StubHub is alleging that the two defendants broke U.S. antitrust law and California law by canceling fans' regular-season and playoff-game tickets when the fans chose to resell their tickets on StubHub and similar services. StubHub also said that in "many more cases," Ticketmaster and the Warriors' front office unlawfully threatened fans with cancellation to force them to exclusively use Ticketmaster's resale exchange. In its March 29 complaint, the eBay unit asked the U.S. District Court of the Northern District of California, San Francisco Division, to declare that the defendants have violated U.S. and state laws, and asked the court to restrain the defendants from continuing the alleged illegal practices. StubHub, which is asking for a trial by jury, is also seeking money damages, in an amount to be determined at trial, for compensation and to cover its legal costs.

 

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LYV Competitors

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CTS Eventim AG & Co KGaA €30.82 EUR +0.65
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Styleclick Inc $0.0001 USD 0.00
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LYV

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Valuation LYV Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 4.6x
Price/Cash Flow 23.1x
TEV/Sales 0.2x
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