LYV - Why Live Nation Entertainment's Stock Is Rocking and Rolling Today
2023-05-05 12:57:09 ET
Shares of Ticketmaster parent company Live Nation Entertainment (NYSE: LYV) are rocking the joint on Wall Street today. The stock rose by roughly 15% after the business reported impressive first-quarter sales on Thursday evening.
Live Nation posted strong sales figures and record results, driven by unprecedented global demand for live events.
Analysts had anticipated earnings per share (EPS) of $0.41 and revenue of $2.28 billion. However, Live Nation delivered a loss per share of $0.25 and revenue of $3.13 billion, showcasing robust revenue growth compared to the same period last year. Sales soared by 73%.
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Why Live Nation Entertainment's Stock Is Rocking and Rolling Today