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Live Nation Stock Has Doubled in the Last Year (LYV)

Q3 numbers are revealed for Live Nation. Within the filing, the company reports quarterly revenues of $2.69 billion across all divisions, including concerts, ticketing and advertising & sponsorship, with Live Nation President and CEO Michael Rapino telling investors in a letter this week that “live music roared back over the past quarter.” Still, some room to grow.

That $2.69 billion revenue figure has eclipsed the $184 million posted in the same quarter last year, when concerts were largely on hold in most global markets due to Covid restrictions, but still comes in at over $1 billion less than the $3.77 billion Live Nation generated in Q3 2019.

Looking to 2022, according to Rapino, Live Nation’s confirmed show count across amphitheaters, arenas and stadiums is (through October) already up “double-digits relative to the same time in 2019 for 2020 shows”.

“No industry was more impacted by the pandemic over the last two years, and no industry has so proven its durability of demand in the face of such disruption.

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