Live Nation Entertainment Inc. (LYV)
Live Nation Entertainment Inc. (LYV) is a global leader in live entertainment, encompassing concert promotion, venue operation, and ticketing services. Founded through the merger of Live Nation and Ticketmaster, the company organizes and promotes concerts, manages venues, and provides ticketing solutions, connecting artists and fans worldwide.
Company News
The Federal Trade Commission (FTC) filed a lawsuit against Live Nation Entertainment and Ticketmaster, alleging illegal ticket brokering, hidden fees, and deceptive practices that inflated ticket prices and undermined fair event access.
KFC Canada is offering a promotional contest where fans can win a 'Concerts for a Year' package by downloading the KFC App and making a purchase between September 9 and October 7, 2025.
The article discusses two growth stocks: Take-Two Interactive and Live Nation Entertainment. Take-Two is positioned strongly with its upcoming Grand Theft Auto release and consistent gaming revenue, while Live Nation is benefiting from a post-pandemic boom in live concert spending.
The article discusses the most shorted stocks according to a report by Hazeltree, which could indicate growing fears of a recession or reduction in consumer spending. The S&P 500 itself is among the most shorted, suggesting hedge fund managers see it as overvalued and a potential correction on the horizon.
Live Nation reported Q2 2024 revenue of $6.02 billion, a 7% year-over-year increase, and EPS of $1.03, compared to $1.02 a year ago. The company's performance on key metrics like concert events, ticket sales, and revenue across business segments was mixed compared to analyst estimates.
