Live Nation Entertainment Inc Stock Price, News & Analysis

Live Nation Entertainment (LYV) achieved its best-ever first quarter, reporting an operating income of $27 million and adjusted operating income (AOI) of $209 million. Ticketmaster drove significant growth, with operating income up threefold and transacted gross ticket value (GTV) increasing by 39% compared to Q1 2019. The company saw impressive gains in sponsorships, which grew 83% in operating income, along with 70 million tickets sold for 2022 concerts, setting up a strong outlook for the year. Continued high demand for live events and a commitment to expanding their venue footprint were highlighted.

Live Nation announces the return of Concert Week, starting May 4 at 10 a.m. ET, offering $25 all-in tickets to over 3,700 shows across North America. This event celebrates a major year for live music and kicks off the summer concert season. Participating artists include Backstreet Boys, Halsey, Imagine Dragons, and many more across various genres. Tickets are on sale until May 10 or while supplies last. Citi cardmembers and Rakuten members get presale access on May 3.

Live Nation Entertainment (NYSE: LYV) will release its first-quarter financial results after market hours on May 5, 2022. CEO Michael Rapino will host a teleconference at 2:00 p.m. PT to discuss the company's performance and operational outlook. A live webcast will be available on the company's investors website, where supplemental financial information will also be provided. Live Nation is a leading live entertainment company, encompassing Ticketmaster and Live Nation Concerts.

KIDZ BOP LIVE 2022 is set to tour 28 cities across the U.S. starting from July 19 in Stamford, CT. This family-friendly concert, in partnership with Live Nation, features the KIDZ BOP Kids performing popular hits. Iconic venues like the Hollywood Bowl and Red Rocks will host the events. General ticket sales begin on April 22, with presales starting April 19 for Citi cardmembers. KIDZ BOP has sold over 23 million albums and amassed 8 billion streams globally, reinforcing its position as the leading music brand for kids.

Veeps, a premium concert streaming platform owned by Live Nation, has launched a new suite of apps for Apple TV, Roku, iOS, and Android, enhancing the streaming experience for live music fans. The app will feature exclusive concert livestreams from artists like Kings of Leon, Galantis, and LP, among others. This expansion aims to provide seamless access to live performances, with pay-per-view options and high-quality streaming. Historical data shows a strong consumer interest in livestream concerts, suggesting significant market potential for Veeps.

Miranda Lambert will launch her Las Vegas residency, "Velvet Rodeo," on September 23, 2022, at Zappos Theater, Planet Hollywood Resort & Casino. Following her ACM Entertainer of the Year accolade, Lambert will perform 24 shows featuring songs from her seven No. 1 albums and her upcoming Palomino album, set for release on April 29, 2022. Tickets go on sale to the public on April 7, with presales for fan club members and Citi cardholders. A portion of ticket sales will benefit Lambert's MuttNation Foundation, supporting animal rescue efforts.

Aerosmith has announced the return of their Las Vegas residency, AEROSMITH: DEUCES ARE WILD, beginning on June 17, 2022, at Dolby Live at Park MGM. This will be the first concert in Dolby Atmos technology, providing an immersive audio experience. Tickets go on sale starting March 31, 2022, with pre-sale opportunities for fan club members and Citi cardholders. The residency features a 90-minute electrifying performance and celebrates the band's 50th anniversary.

Morrissey has announced five new dates for his residency, “Morrissey: Viva Moz Vegas”, at The Colosseum at Caesars Palace in Las Vegas. The shows will take place on July 1, 2, 6, 8, and 9, 2022. Tickets go on sale to the public on March 25 at 10 a.m. PT. This residency marks Morrissey's third theatrical outing, following a successful Broadway run and recent tour dates with Interpol. Attendees can expect an engaging performance celebrating his entire career, including songs from his latest album “I Am Not A Dog on a Chain”.