Live Nation Entertainment Inc Stock Price, News & Analysis

Global music superstar Keith Urban has extended his Las Vegas residency at Zappos Theater in Planet Hollywood Resort & Casino through November 2023. Starting March 18, new ticket sales will be available, including presale options for fan club and Citi card members. Urban's show promises a two-hour musical journey featuring hits like "Somebody Like You" and "Blue Ain't Your Color," alongside new songs. The additional November dates include performances on November 1, 3, 4, 10, 11, 15, 17, and 18. Urban's residency showcases his acclaimed live performance skills and marks his return to the stage following an extensive tour in 2022.

Veeps, a premium concert streaming platform, has been recognized by Fast Company as one of the world's most innovative companies for 2023. This accolade highlights its advancements in streaming technology, including being the first to offer 4K and Dolby Atmos experiences. In 2022, Veeps facilitated over 40 shows a month across 180 countries, positioning itself as a high-velocity venue. The platform, founded by Joel Madden, aims to provide low-cost solutions for artists while partnering with Live Nation to upgrade live venues, enhancing audience reach. Veeps, part of Live Nation Entertainment (LYV), continues to reshape the live music experience.

Jeff Dunham and his characters announce six performance dates for the show "Still Not Canceled" at Zappos Theater, Planet Hollywood Resort & Casino. The shows are scheduled for May 28, July 16, September 3, October 22, November 12, and December 8, 2023. General ticket sales begin on March 4, 2023, with presales for fan club members starting on March 1 and for Caesars Rewards members on March 2. Dunham, notably a top-selling comedian, has earned significant acclaim and viewership through his specials and successful global tours.

Live Nation Entertainment (LYV) reported a strong 2022, with revenue up 44% to $16.7 billion and operating income up 125% to $732 million. Concert attendance rose 24%, reaching 121 million fans across 43,600 events. Investment in artists hit $9.6 billion, a 45% increase, supporting their income amidst declining revenue shares from other streams. Ticketing revenue climbed 45% to $2.2 billion, with significant growth in international markets. Looking ahead, 2023 shows have already sold over 50 million tickets, with deferred revenue starting at $2.7 billion. The company remains optimistic about ongoing growth, driven by strong demand for live events.

On February 22, 2023, Live Nation Entertainment (NYSE: LYV) announced that Joe Berchtold, the company's President and CFO, will participate in a fireside chat at the Morgan Stanley Technology, Media and Telecom Conference. The event is scheduled for March 8, 2023, at 11 a.m. PT. A live webcast of this session will be available on the company’s investor relations website.

Live Nation, a global leader in live entertainment, operates major brands such as Ticketmaster and Live Nation Concerts.

Ghost has announced a second date for their RE-IMPERATOUR U.S.A. 2023 tour in Los Angeles on September 12, 2023, due to overwhelming demand. The tour, produced by Live Nation and FPC Live, will feature 28 dates, concluding with back-to-back performances at the Kia Forum. Tickets will go on sale beginning February 17, starting with a presale at 9am PT. Ghost, recognized for their significant cultural impact, has achieved over a billion streams and continues to engage passionate audiences with their live performances.

THE LAST ROCKSTARS, a Japanese supergroup, is partnering with LiveNation and Veeps for a global livestream of their February 10th concert at the Hollywood Palladium in Los Angeles. Following sold-out shows in Tokyo and New York, the event will be available to rock fans worldwide, with tickets currently on sale. The concert features opening act BAND-MAID and includes delayed viewing for up to 72 hours. The band, consisting of renowned artists YOSHIKI, HYDE, SUGIZO, and MIYAVI, recently released their first single, which has garnered over 4 million views on YouTube.

Live Nation Entertainment (NYSE: LYV) will announce its fourth quarter and full year 2022 financial results after market close on February 23, 2023. The company's CEO, Michael Rapino, will lead a teleconference at 2:00 p.m. PT (5:00 p.m. ET) to discuss their financial performance and operational outlook. Stakeholders can access a live webcast of the call through the investor relations section of Live Nation's website. The company is recognized as a global leader in live entertainment, encompassing major entities such as Ticketmaster and Live Nation Concerts.