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Live Nation Entertainment, Inc. - Company Profile

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Live Nation Entertainment, Inc. - Overview

Description
Live Nation Entertainment is a public company headquartered in California with an estimated 10,200 employees. In the US, the company has a notable market share in at least two industries: Arts, Entertainment and Recreation, Concert & Event Promotion and Arts, Entertainment and Recreation. Their largest market share is in the Concert & Event Promotion industry, where they account for an estimated 8.6% of total industry revenue.
Company Details

Registered Name: Live Nation Entertainment, Inc.

Company Type: Operating

Exchange: NYSE

Headquarters: 9348 Civic Center Drive Beverly Hills CA 90210

Employees: 10200

Live Nation Entertainment, Inc. - Operating Industries and Main Competitors

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Live Nation Entertainment, Inc. - Products and Services

  • Concert & Event Promotion in the US

  • Of the 7 core revenue-generating products and services in the Concert & Event Promotion in the US industry, Live Nation Entertainment, Inc. offers:
    • Other products and services
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Live Nation Entertainment, Inc. - Analyst Insights

Cancellation income losses lead to live nation struggling in 2020

After COVID-19 (coronavirus) canceled all live concert events in 2020, Live Nation Entertainment Inc. (Live Nation) announced the creation of a Ticket Refund Plan for customers that received event cancellation notices. Despite cutting costs by $850 million and announcing $1.65 billion in cash savings, Live Nation suffered from revenue dropping 84% in 2020 compared with 2019. In 2021 however, the company has rebounded, announcing that revenue has tripled since 2020 and has grown to $6.27 billion, with an improvement of $1.2 billion in operating income.

COVID


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Live Nation Entertainment, Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Live Nation Entertainment, Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Arts, Entertainment and Recreation in the US, and Concert & Event Promotion in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
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Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Live Nation Entertainment, Inc. - Financial Statements & Ratios

pie_chartLive Nation Entertainment, Inc. Income Statement

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Revenue6,268.41,861.211,548.010,787.89,687.27,826.3
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartLive Nation Entertainment, Inc. Balance Sheet

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Cash and Equivalents4,884.72,537.82,470.42,371.51,825.31,526.6
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartLive Nation Entertainment, Inc. Cash Flow

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Net Income-608.8-1,827.8118.290.37.820.3
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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