LYV - Live Nation Entertainment EPS beats by $0.23 beats on revenue
Live Nation Entertainment (NYSE:LYV): Q3 GAAP EPS of $0.19 beats by $0.23. Revenue of $2.7B (+1367.2% Y/Y) beats by $580M. Press Release Michael Rapino, President and CEO commented, "As we now look forward to 2022, we are encouraged by all our leading indicators across each business. Through October, our confirmed show count across amphitheaters, arenas and stadiums is up double-digits relative to the same time in 2019 for 2020 shows, and through mid-October, we have already sold 22 million tickets for our shows in 2022. Demand has been stronger than ever for many of these on-sales with one million tickets sold for each Coldplay and Red Hot Chili Peppers tours, and several other tours already selling over 500 thousand tickets. Ticketmaster's on-sales for 2022 reinforce this demand, as we expect the 2021 fourth quarter transacted fee-bearing GTV to be at a record level, even after already selling 65 million fee-bearing tickets
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Live Nation Entertainment EPS beats by $0.23, beats on revenue