NYSE$LYV
Live Nation Entertainment Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Reported positive adjusted operating income and saw strong ticket sales and concert attendance.
Live Nation Entertainment reported a significant improvement in operating income, exceeding $450 million, and a return to profitability in adjusted operating income. The company's concerts pipeline for 2022 is up double digits from 2019, and Ticketmaster North America had its 4th best month in history for transacted ticket volume.
- Operating Income Improved Over $450 Million
- Adjusted Operating Income Returned to Profitability
- Event-Related Deferred Revenue at $2.1 Billion, Up $650 Million
- Concerts Pipeline for 2022 Up Double Digits from 2019
Headline financials
Revenue & EPS history
Live Nation · Revenue · Quarterly
$576M
Revenue by segment
Live Nation · $576M total across 3 segments · Q2 2021
- Concerts$287M+102.4%49.9%
- Ticketing$244M+380.5%42.4%
- Sponsorship & Advertising$44.6M+142.4%7.7%
Forward guidance
Live Nation anticipates further ramp-up acceleration through the rest of the year, with improving operating income and all segments returning to adjusted operating income profitability for the second half of the year, setting up for a full-scale 2022.
Tailwinds
- Anticipates further ramp-up acceleration through the remainder of 2021
- Expects improving operating income
- All segments returning to adjusted operating income profitability for the second half of 2021
- Setting up for a full-scale 2022
- Pipeline indicating double digit growth in show count and ticket sales relatives to 2019
Headwinds
- Operational challenges in achieving strategic objectives and executing on the company's plans
- Risk that the company's markets do not evolve as anticipated
- Potential impact of any economic slowdown
- Operational challenges associated with selling tickets and staging events
- Global shutdown of live events still impacting refunds
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+1.5%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+3.1%
Avg return
30 days after
63%
41 / 65 earnings
Positive
+17.6%
Q3 2021
Best reaction
-10.7%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.4% | +2.4% | +1.8% | |
| Q4 2025 | +1.6% | -1.4% | -5.5% | |
| Q3 2025 | -10.7% | -4.9% | -7.6% | |
| Q2 2025 | +3.3% | +7.1% | +10.2% | |
| Q1 2025 | +1.8% | +2.1% | +4.5% | |
| Q4 2024 | -1.9% | -6.7% | -19.2% | |
| Q3 2024 | +5.4% | +4.9% | +9.5% | |
| Q2 2024 | +1.0% | +2.1% | +4.4% | |
| Q1 2024 | +6.0% | +7.9% | +5.0% | |
| Q4 2023 | +4.5% | +2.6% | +16.2% | |
| Q3 2023 | -0.9% | +3.0% | +12.8% | |
| Q2 2023 | -8.8% | -11.0% | -13.4% | |
| Q1 2023 | +14.7% | +15.4% | +23.1% | |
| Q4 2022 | -8.8% | -4.5% | -12.6% | |
| Q3 2022 | -7.9% | -5.1% | -3.7% | |
| Q2 2022 | -1.3% | -3.0% | -8.6% | |
| Q1 2022 | -6.9% | -11.3% | -4.1% | |
| Q4 2021 | +6.3% | +3.2% | -0.6% | |
| Q3 2021 | +17.6% | +10.8% | -4.1% | |
| Q2 2021 | +0.5% | +7.9% | +9.6% | |
| Q1 2021 | +1.5% | +4.0% | +13.3% | |
| Q4 2020 | -1.8% | +0.1% | -7.1% | |
| Q3 2020 | +2.4% | +19.2% | +27.9% | |
| Q2 2020 | -0.6% | +6.4% | +20.6% | |
| Q1 2020 | +9.0% | -0.9% | +48.0% | |
| Q4 2019 | +0.0% | -5.2% | -22.4% | |
| Q3 2019 | -7.3% | -13.0% | -2.0% | |
| Q2 2019 | +3.8% | +1.7% | -0.2% | |
| Q1 2019 | +1.0% | +0.2% | -4.6% | |
| Q4 2018 | +8.3% | +8.3% | +12.8% | |
| Q3 2018 | +4.9% | +5.9% | +6.5% | |
| Q2 2018 | -3.9% | -6.0% | -5.6% | |
| Q1 2018 | +13.4% | +7.3% | +8.6% | |
| Q4 2017 | -7.8% | -9.7% | -13.3% | |
| Q3 2017 | +3.2% | +7.0% | +5.3% | |
| Q2 2017 | +4.6% | +4.0% | +7.3% | |
| Q1 2017 | +7.5% | +5.8% | +10.1% | |
| Q4 2016 | -6.1% | -7.5% | -3.8% | |
| Q3 2016 | +4.1% | +6.5% | +4.6% | |
| Q2 2016 | +5.4% | +1.4% | +0.8% | |
| Q1 2016 | +2.5% | — | — | |
| Q4 2015 | +4.4% | — | — | |
| Q3 2015 | -0.3% | — | — | |
| Q2 2015 | +1.3% | — | — | |
| Q1 2015 | +5.7% | — | — | |
| Q4 2014 | -2.0% | — | — | |
| Q3 2014 | +5.1% | — | — | |
| Q2 2014 | -9.4% | — | — | |
| Q1 2014 | +7.8% | — | — | |
| Q4 2013 | +8.6% | — | — | |
| Q3 2013 | -8.2% | — | — | |
| Q2 2013 | +10.2% | — | — | |
| Q1 2013 | +7.4% | — | — | |
| Q4 2012 | +0.2% | — | — | |
| Q3 2012 | +1.9% | — | — | |
| Q2 2012 | +3.7% | — | — | |
| Q1 2012 | +10.2% | — | — | |
| Q4 2011 | -6.1% | — | — | |
| Q3 2011 | -5.1% | — | — | |
| Q3 2010 | -5.1% | — | — | |
| Q2 2011 | +3.6% | — | — | |
| Q1 2010 | -0.9% | — | — | |
| Q1 2011 | -0.9% | — | — | |
| Q2 2010 | -0.9% | — | — | |
| Q4 2010 | +1.1% | — | — |
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