
NYSE:LYV
This summary was created by AI, based on 4 opinions in the last 12 months.
Live Nation Entertainment Inc. (LYV) is widely regarded as a dominant player in the live music industry, with experts highlighting its unique position and strong performance metrics. There has been a significant increase in deferred revenue, which has risen by 22% year-over-year, indicating strong demand for live events. Ticket sales are also up by 11%, suggesting a robust resurgence in live performances. Despite ongoing legal challenges, including a settlement with the DOJ related to antitrust issues, analysts remain optimistic about the company’s business model and growth potential. Overall, the consensus is that Live Nation's performance and revenue growth trajectory remain intact, and no major breakup of the company is expected from the ongoing legal proceedings.
Experiential Consumerism. Concerts and adventure travel. They make their money not on the concerts, but on the merchandise, the promotions, the sponsorships and they own a lot of the venues. They are out there buying more and more concerts and live events. They own Ticket Master. It does not pay a dividend and the balance sheet is not opaque. He thinks they can build their cash flow over 40% over the next couple of years. They have wonderful pricing power. (Analysts’ target: $33.00).
It owns many venues and Ticketmaster too. It is a perfect example of his theme of experiential consumerism, which he is keen on at present. The problem is that the financial statements are very difficult to understand. The controlling shareholder runs the company more for their benefit than for shareholders. He has been watching it as it goes up. It is clearly a very good company in a very interesting space. He wants to assure himself that he is not paying too much.
A rollercoaster. Doesn't look good. Had support at $41.80 and doesn't see a bounce-back without a rise in volume. Wait till it hits $39.80 to see buying support. We don't see that now. If you hold, sell below $35.