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1 Comment
Live Nation Entertainment, Inc is currently in a long term uptrend where the price is trading 11.0% above its 200 day moving average.
From a valuation standpoint, the stock is 46.3% cheaper than other stocks from the Communication Services sector with a price to sales ratio of 10.0.
Live Nation Entertainment, Inc's total revenue sank by 91.8% to $237M since the same quarter in the previous year.
Its net income has dropped by 301.1% to $-443M since the same quarter in the previous year.
Finally, its free cash flow fell by 149.5% to $-158M since the same quarter in the previous year.
Based on the above factors, Live Nation Entertainment, Inc gets an overall score of 2/5.
Industry | Entertainment |
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Sector | Communication Services |
CurrencyCode | USD |
ISIN | US5380341090 |
Exchange | NYSE |
Market Cap | 16B |
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Dividend Yield | 0.0% |
Target Price | 96.13 |
PE Ratio | 109.22 |
Beta | 1.31 |
Live Nation Entertainment, Inc. operates as a live entertainment company. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues; operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists. The Ticketing segment manages the ticketing operations, including the provision of ticketing software and services to clients for tickets and event information through its primary websites livenation.com and ticketmaster.com, as well as through other websites, mobile apps, retail outlets, and call centers; and provides ticket resale services. This segment sells tickets for its events and third-party clients in various live event categories; offers ticketing services for arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters. The Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertising, including signage and promotional programs; rich media offering that comprise advertising related with live streaming and music-related content; and ads across its distribution network of venues, events, and websites. This segment also manages the development of strategic sponsorship programs, as well as develops, books, and produces custom events or programs for specific brands. It owns, operates, or leases entertainment venues in North America and internationally. The company was formerly known as Live Nation, Inc. and changed its name to Live Nation Entertainment, Inc. in January 2010. Live Nation Entertainment, Inc. was incorporated in 2005 and is headquartered in Beverly Hills, California.
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