La cadena de opciones muestra datos clave de las opciones de acciones de Live Nation Entertainment a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para Live Nation Entertainment..

Live Nation Entertainment (NYSE:LYV) Bolsa, Cadena de Opciones

Live Nation Entertainment

Live Nation is the largest live entertainment company in the world, serving as a concert promoter, venue operator, and ticketing platform. In addition, the firm generates revenue from sponsorships and advertising. With offices in 45 countries, Live Nation promotes concerts globally and it owns, operates, or had exclusive booking rights to 373 venues worldwide at the end of 2023, which the firm says makes it the second-largest operator of music venues globally. In 2023, Live Nation promoted more than 50,000 events, drawing more than 145 million fans. Ticketmaster is a dominant global ticketing service, selling more than 620 million tickets in 2023.

Live Nation Entertainment, Inc. Common Stock

Live Nation Entertainment Inc

Live Nation Entertainment Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) is set to report its third-quarter earnings after trading hours <a href="https://www.benzinga.com/insights/earnings/24/11/41846213/whats-next-live-nation-entertainments-earnings-preview">on Monday, Nov. 11</a>.
Investors anticipate results that could build on the ticket vendor's robust second-quarter performance. 
The parent company of Ticketmaster, Live Nation Concerts and Live Nation Media &amp; Sponsorship, reported mixed results last quarter. Revenue <a href="https://www.benzinga.com/quote/LYV/earnings">reached $6.023 billion</a>, slightly ahead of the $6.018 billion forecast. This marked a 7% year-over-year increase. 
Earnings per share fell short of estimates, reaching $1.03 versus the anticipated $1.06.
Read Also: <a href="https://www.benzinga.com/general/entertainment/24/08/40582093/oasis-fans-rejoice-today-is-gonna-be-the-day-rockers-reunite-after-15-year-family-feud">Oasis Fans Rejoice, &#8216;Today Is Gonna Be The Day&#8217;: Rockers Reunite After 15-Year Family Feud</a>
What To Know: In the second quarter, Live Nation demonstrated strong growth in its core operations, with its concert business continuing to perform well amid high demand for live events. 
The company hosted 39 million fans globally, a 5% increase from the same period last year, and saw its ticketing segment reach 183 million fee-bearing ticket sales year-to-date, up 3%. This steady growth highlights Live Nation's ability to attract large audiences across a diverse array of shows.
Sponsorship revenue remains a key growth driver, rising by 28% year-to-date. CEO Michael Rapino attributed this success to strategic investments in hospitality and infrastructure at Live Nation-operated venues, part of the company&#8217;s broader Venue Nation strategy.
What Else: In terms of financial strength, Live Nation ended the second quarter with $6.4 billion in cash and equivalents, reflecting strong cash generation, including $1.4 billion in cash from operating activities and $635 million in adjusted free cash flow. 
Although operating income faced a minor impact due to one-time accruals, Live Nation expects to achieve double-digit growth in adjusted operating income (AOI) for the year, a positive indicator for the third quarter.
With strong tailwinds in sponsorship and ticket sales, third quarter expectations hinge on continued fan turnout and higher spending at venues. If Live Nation can maintain momentum in these areas, it could offset prior EPS misses and reinforce its dominant position in live entertainment.
Read Also: <a href="https://www.benzinga.com/insights/earnings/24/11/41846213/whats-next-live-nation-entertainments-earnings-preview">What&#8217;s Next: Live Nation Entertainment&#8217;s Earnings Preview</a>
<h3 class="wp-block-heading">How To Buy LYV Stock</h3>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Live Nation Entertainment&#8217;s case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, Live Nation has a 52-week high of $127.64 and a 52-week low of $81.38.
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Image: Shutterstock

Entertainment

News

Live Nation Q3 Earnings Preview: What To Expect After A Strong Q2

Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) will release its quarterly earnings report on Monday, 2024-11-11. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Live Nation Entertainment to report an earnings per share (EPS) of $1.71.
Live Nation Entertainment bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Performance in Previous Earnings</h3>
Last quarter the company missed EPS by $0.04, which was followed by a 1.66% increase in the share price the next day.
Here's a look at Live Nation Entertainment's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.07</td>
<td>-0.19</td>
<td>-1.03</td>
<td>1.27</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.03</td>
<td>-0.53</td>
<td>-1.22</td>
<td>1.78</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.0%</td>
<td>7.000000000000001%</td>
<td>2.0%</td>
<td>4.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1731078152_0.png" alt="eps graph" />
<h3>Tracking Live Nation Entertainment's Stock Performance</h3>
Shares of Live Nation Entertainment were trading at $124.6 as of November 07. Over the last 52-week period, shares are up 40.23%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/LYV/earnings">To track all earnings releases for Live Nation Entertainment visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

What's Next: Live Nation Entertainment's Earnings Preview

Deutsche Bank analyst Benjamin Soff maintains Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) with a Buy and raises the price target from $122 to $130.

Price Target

Analyst Ratings

Deutsche Bank Maintains Buy on Live Nation Entertainment, Raises Price Target to $130

Trading Ideas

Live Nation Reschedules Q3 2024 Earnings Release And Teleconference From November 12 To November 11; CEO Michael Rapino To Host Call At 2:00 PM PT

Oasis promoters, Live Nation Entertainment Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) and SJM, are gearing up to cancel over 50,000 tickets for the band's much-anticipated UK reunion tour, a decision aimed at <a href="https://www.benzinga.com/topic/business-of-music">combating ticket scalping. </a>
<h3 class="wp-block-heading">Reclaiming Tickets For Fans</h3>
In an <a href="https://www.bbc.com/news/articles/c9ql7jnepwlo">announcement </a>made to the BBC, the promoters confirmed that the canceled tickets would be redistributed through the official channel, Ticketmaster, at their original face value.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/09/40697540/oasis-fans-furious-as-dynamic-pricing-pushes-ticket-prices-sky-high-its-just-not-fair-says-">Oasis Fans Furious As Dynamic Pricing Pushes Ticket Prices Sky High — &#8216;It&#8217;s Just Not Fair,&#8217; Says UK Prime Minister</a>
This decisive action follows a surge of interest in the tour, which saw over 10 million fans from 158 countries vying for a limited 1.4 million tickets available during the August sale. 
With strong demand, it is no surprise that unauthorized resellers quickly emerged, capitalizing on the frenzy. Some tickets were listed at eye-watering prices, with some reaching 11,000 pounds ($14,280) on Viagogo and 119,000 pounds on StubHub.
"These terms and conditions were successfully put in place to take action against secondary ticketing companies reselling tickets for huge profit," a spokesperson for Live Nation and SJM said. This clampdown, however, has not been without controversy, as only 4% of tickets (approximately 50,000) surfaced on resale sites, a figure that could be considerably higher in larger tours.
<h3 class="wp-block-heading">The Challenges Of Ticket Resales</h3>
The issue of ticket scalping is pervasive in the industry, with promoters noting that some major tours can see up to 20% of tickets appearing on unauthorized secondary platforms. This has prompted a strong response from both Live Nation and SJM, urging fans not to purchase tickets from unauthorized websites due to the potential for fraud and the risk of cancellation.
"We will continue to sell them in the way the regulator says we can. We are serving a clear consumer need," said Matt Drew, a business development executive at Viagogo. He highlighted that only 2% of Oasis tickets are on platforms like Viagogo and StubHub, yet the growing number of unauthorized resales remains a pressing concern.
<h3 class="wp-block-heading">The Role Of Technology In Ticket Sales</h3>
Ticketmaster has taken significant measures to thwart scalpers. They reported blocking 250 million suspicious activities during the initial day of ticket sales. Despite this, the global network of resellers continues to thrive, with traders operating in regions as diverse as Hawaii, Brazil, and Dubai, all offering multiple tickets at premium prices.
In light of the recent cancellations, the promoters have assured fans that those who may have had their tickets mistakenly canceled will still have the opportunity to appeal for a case review through their ticket agent. 
<h3 class="wp-block-heading">Reunion Tour Details And Pricing Controversies</h3>
The reunion tour marks a historic moment for Oasis, as it will be the first time Liam and Noel Gallagher perform together since 2009. Kicking off in Cardiff on July 4, 2025, the tour will span major UK cities and extend to international destinations, including the US, Japan, and Mexico.
However, the tour has faced scrutiny over its dynamic pricing strategy. Reports surfaced that some fans paid more than £350 ($450) for tickets that were initially priced at £150 ($195). In response to the backlash, Oasis publicly distanced themselves from these pricing decision: "It needs to be made clear that Oasis leave decisions on ticketing and pricing entirely to their promoters and management."
The band later confirmed that the dynamic pricing model will not be utilized for their North American leg, with hopes of avoiding a repeat of the challenges experienced by fans in the UK.
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Image credits: Shutterstock.

General

Oasis Cancels 50,000 Tickets To Combat Scalping

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/10/23/final-trades-eaton-transdigm-and-goldman-sachs.html">Halftime Report Final Trades</a>,&#8221; Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC named Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) <a href="https://www.benzinga.com/general/biotech/24/10/41528055/cdc-and-prevention-advisory-panel-backs-expanded-use-of-pfizer-and-mercks-pneumococcal-vaccines">as her final trade</a>.
On Wednesday, the U.S. Centers for Disease Control and Prevention's (CDC) Advisory Committee on Immunization Practices (ACIP) voted for expanded usage recommendation for Merck &amp; Co Inc's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>) and Pfizer's pneumococcal conjugate vaccines. The CDC panel has recommended lowering the pneumococcal vaccination age from 65 to 50 years old.
Liz Young Thomas of SoFi picked SPDR S&amp;P Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XAR#NYSE">XAR</a>).
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Joshua Brown of Ritholtz Wealth Management named Live Nation Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>).
The company will release its third quarter financial results on Tuesday, Nov. 12. Analysts expect the company to report quarterly earnings at $1.61 per share, down from $1.78 per share in the year-ago period. The company projects to report revenue of $7.8 billion, compared to $6.99 billion a year earlier.
On Thursday, JP Morgan analyst David Karnovsky maintained Live Nation Entertainment with an Overweight and raised the price target from $118 to $137.
Price Action:
<ul>
<li>Pfizer shares fell 0.8% to close at $28.64 during Thursday's session.</li>
<li>SPDR S&amp;P Aerospace &amp; Defense ETF slipped 0.9% during Thursday's session.</li>
<li>Live Nation Entertainment shares gained 1.5% to close at $116.45 on Thursday.</li>
</ul>
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Image: Shutterstock

Pfizer, Live Nation Entertainment And More On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Pfizer, Live Nation Entertainment, SPDR S&P Aerospace & Defense ETF

JP Morgan analyst David Karnovsky maintains Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) with a Overweight and raises the price target from $118 to $137.

JP Morgan Maintains Overweight on Live Nation Entertainment, Raises Price Target to $137

Roth MKM analyst Eric Handler maintains Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) with a Buy and raises the price target from $120 to $132.

Roth MKM Maintains Buy on Live Nation Entertainment, Raises Price Target to $132

Live Nation Entertainment's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) short percent of float has risen 8.45% since its last report. The company recently reported that it has 14.01 million shares sold short, which is 8.86% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.51 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Live Nation Entertainment Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729083627_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Live Nation Entertainment has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Live Nation Entertainment's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Live Nation Entertainment's peer group average for short interest as a percentage of float is 8.03%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Live Nation Entertainment?

Seaport Global analyst David Joyce maintains Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) with a Buy and raises the price target from $115 to $133.

Seaport Global Maintains Buy on Live Nation Entertainment, Raises Price Target to $133

Benzinga's options scanner has just identified more than 8 option transactions on Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>), with a cumulative value of $607,260. Concurrently, our algorithms picked up 2 puts, worth a total of 616,000.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $80.0 to $120.0 for Live Nation Entertainment during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Live Nation Entertainment's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Live Nation Entertainment's significant trades, within a strike price range of $80.0 to $120.0, over the past month.
<h3>Live Nation Entertainment Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728659082_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LYV</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$2.85</td>
<td>$2.3</td>
<td>$2.85</td>
<td>$80.00</td>
<td>$570.0K</td>
<td style="text-align: right;">151</td>
<td>2.0K</td>
</tr>
<tr>
<td>LYV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$6.8</td>
<td>$6.7</td>
<td>$6.8</td>
<td>$115.00</td>
<td>$224.4K</td>
<td style="text-align: right;">422</td>
<td>204</td>
</tr>
<tr>
<td>LYV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$6.8</td>
<td>$6.7</td>
<td>$6.8</td>
<td>$115.00</td>
<td>$131.2K</td>
<td style="text-align: right;">422</td>
<td>193</td>
</tr>
<tr>
<td>LYV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.0</td>
<td>$6.7</td>
<td>$6.8</td>
<td>$115.00</td>
<td>$65.9K</td>
<td style="text-align: right;">422</td>
<td>783</td>
</tr>
<tr>
<td>LYV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$6.8</td>
<td>$6.7</td>
<td>$6.8</td>
<td>$115.00</td>
<td>$51.6K</td>
<td style="text-align: right;">422</td>
<td>625</td>
</tr>
</tbody>
</table>

<h3>About Live Nation Entertainment</h3>
Live Nation is the largest live entertainment company in the world, serving as a concert promoter, venue operator, and ticketing platform. In addition, the firm generates revenue from sponsorships and advertising. With offices in 45 countries, Live Nation promotes concerts globally and it owns, operates, or had exclusive booking rights to 373 venues worldwide at the end of 2023, which the firm says makes it the second-largest operator of music venues globally. In 2023, Live Nation promoted more than 50,000 events, drawing more than 145 million fans. Ticketmaster is a dominant global ticketing service, selling more than 620 million tickets in 2023.
In light of the recent options history for Live Nation Entertainment, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Live Nation Entertainment Standing Right Now?</h3>
<ul>
<li>With a trading volume of 325,033, the price of LYV is down by -0.55%, reaching $112.07.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 20 days from now.</li>
</ul>
<h3>What The Experts Say On Live Nation Entertainment</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $130.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Macquarie keeps a Outperform rating on Live Nation Entertainment with a target price of $130. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Live Nation Entertainment options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

Live Nation Entertainment's Options Frenzy: What You Need to Know

Live Nation Entertainment&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) Ticketmaster has announced its support for the richer event tickets feature in Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Wallet, which was introduced with iOS 18.
What Happened: In a blog post on Thursday, Ticketmaster revealed that it is set to roll out support for the richer tickets in Apple Wallet. &#8220;Ticketmaster&nbsp;is the first ticketing company&nbsp;to enable the new, enhanced&nbsp;ticket experience in Apple Wallet.&#8221;
The updated feature will offer users crucial&nbsp;information on their tickets, such&nbsp;as a venue map,&nbsp;parking details, recommended Apple Music&nbsp;playlists, weather forecasts for the&nbsp;event day, and a real-time location-sharing option.
See Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41238300/tesla-robotaxi-ambitions-come-as-most-americans-grow-wary-of-autonomous-tech?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Robotaxi Ambitions Come As Most Americans Grow Wary Of Autonomous Tech</a>
Mark Yovich, president of Ticketmaster, expressed his pride in collaborating with Apple to deliver this enhanced ticketing experience to fans.
&#8220;With the new, enhanced ticket in Apple Wallet experience, fans are closer to the action from the moment they add their pass to their iPhone,&#8221; he stated.
The new feature will make its debut later this month at the&nbsp;Los Angeles Football Club or LAFC&nbsp;home game at BMO Stadium.&nbsp;
iPhone users running iOS 18.0&nbsp;or later will be able to access the detailed tickets&nbsp;via the Ticketmaster or LAFCapps.
The company also plans to extend this feature to Miami HEAT tickets and more events in 2025.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: This development comes in the wake of recent controversies surrounding Ticketmaster.
Earlier this year, the <a href="https://www.benzinga.com/general/entertainment/24/09/40697540/oasis-fans-furious-as-dynamic-pricing-pushes-ticket-prices-sky-high-its-just-not-fair-says-">company faced backlash</a> over its dynamic pricing strategy, which led to a significant increase in ticket prices for the Oasis reunion tour.
Previously, the Department of Justice also <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39011644/doj-case-against-live-nation-is-weak-analysts-say-separating-ticketmaster-is-unlike">filed an antitrust lawsuit</a> against Live Nation Entertainment, Ticketmaster&#8217;s parent company.
The lawsuit challenges <a href="https://www.benzinga.com/general/entertainment/24/05/38680805/live-nation-fights-back-against-monopoly-claims-will-the-bad-blood-continue">Live Nation&#8217;s market dominance</a> through its subsidiary, Ticketmaster, and is part of the Joe Biden administration&#8217;s broader efforts to combat monopolistic practices across various industries.
The Justice Department has already taken steps against major tech companies like Alphabet Inc. and Apple, while the Federal Trade Commission is pressing Meta Platforms Inc.
Amazon.com Inc. is also facing a lawsuit for alleged monopolistic practices in the online marketplace.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Image Credits &#8211; Apple
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Tech

Media

AAPL

iOS 18 Users To Benefit From Richer Event Tickets In Apple Wallet After Ticketmaster Announces Support

Macquarie analyst Paul Golding maintains Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) with a Outperform and raises the price target from $125 to $130.

Macquarie Maintains Outperform on Live Nation Entertainment, Raises Price Target to $130

Benchmark analyst Matthew Harrigan reiterates Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) with a Buy and maintains $132 price target.

Reiteration

Benchmark Reiterates Buy on Live Nation Entertainment, Maintains $132 Price Target

Oppenheimer analyst Jed Kelly maintains Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) with a Outperform and raises the price target from $110 to $120.

Oppenheimer Maintains Outperform on Live Nation Entertainment, Raises Price Target to $120

Legal

UK CMA Opens Investigation Into Ticketmaster; Investigating Concerns Regarding Sale Of Oasis Concert Tickets By Ticketmaster; Scrutinizing Whether Sale Of Oasis Tickets By Ticketmaster May Have Breached Consumer Protection Law

BofA Securities analyst Peter Henderson initiated coverage on Live Nation Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) with a <a target="_blank" href="https://www.benzinga.com/quote/LYV/analyst-ratings" rel="noreferrer noopener">Buy rating with a price forecast of $125.</a>
The analyst views Live Nation as a compelling growth investment in the live entertainment sector, driven by positive industry trends.
According to Henderson, the stock is valued using a 14x multiple on CY25E AOI, which aligns with peer Madison Square Garden Entertainment and reflects favorable structural trends in live entertainment.
According to the analyst, several key factors will drive long-term growth. Firstly, there is a shift in consumer spending towards experiences bolstered by favorable demographic trends.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/09/40697540/oasis-fans-furious-as-dynamic-pricing-pushes-ticket-prices-sky-high-its-just-not-fair-says-" rel="noreferrer noopener">Oasis Fans Furious As Dynamic Pricing Pushes Ticket Prices Sky High — &#8216;It&#8217;s Just Not Fair,&#8217; Says UK Prime Minister</a>
Secondly, positive supply and demand dynamics are emerging as social media platforms help discover more artists and events.
Thirdly, the intrinsic value of live events, which virtual experiences cannot replicate, prevents any risk of disintermediation.
Additionally, rising sponsorship opportunities and the growth of experiential marketing are contributing to this expansion. Finally, increased demand and enhanced dynamic pricing are strengthening pricing power.
The analyst projects a 4-year revenue CAGR (2023-2027) of 8% and AOI CAGR of 12% for Live Nation.
Live Nation&#8217;s extensive scale and vertical integration allow it to effectively compete on pricing, Henderson adds.
By owning multiple segments of the live entertainment chain, the company reduces risk and manages numerous events for various artists across different regions.
Provided there is no significant slowdown in consumer spending on live events, the analyst anticipates multiple revenue and earnings drivers for the live concert sector in the coming years.
Price Action: LYV shares are trading lower by 0.36% to $95.00 at last check Wednesday.
Photo via Shutterstock
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Analyst Color

Equities

Initiation

Live Nation Benefits From Consumer Shift To Experiences, Social Media Trends, And Rising Sponsorships: Analyst

B of A Securities analyst Peter Henderson initiates coverage on Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) with a Buy rating and announces Price Target of $125.

B of A Securities Initiates Coverage On Live Nation Entertainment with Buy Rating, Announces Price Target of $125

The British government is scrutinizing the use of dynamic pricing by ticketing websites following an outcry from Oasis fans who were left unable to afford tickets to the band&#8217;s highly <a href="https://www.benzinga.com/topic/business-of-music">anticipated reunion tour. </a>
What Happened: the UK's advertising regulator has received 450 complaints about misleading ticket prices and availability, with many tickets more than doubling in price shortly after sales began, <a href="https://www.bbc.co.uk/news/articles/c20r26p7d0ro">according</a> to the BBC.
Fans hoping to see Oasis' return were met with soaring prices on Live Nation Entertainment Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>)-owned Ticketmaster. Tickets that initially cost 135 pounds (around $177) quickly shot up to over 350 pounds. Despite hours spent in online queues, thousands were unable to secure tickets as the event sold out almost immediately.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/08/40582093/oasis-fans-rejoice-today-is-gonna-be-the-day-rockers-reunite-after-15-year-family-feud">Oasis Fans Rejoice, &#8216;Today Is Gonna Be The Day&#8217;: Rockers Reunite After 15-Year Family Feud</a>
<h3 class="wp-block-heading">Prime Minister And Culture Secretary Address Ticketing Concerns</h3>
Prime Minister Sir Keir Starmer addressed the issue on BBC Radio 5 Live.
&#8220;There are a number of things that we can and should do&#8221; to prevent families from being priced out, he said.
Starmer stressed that families &#8220;simply can&#8217;t go or are absolutely spending a fortune on tickets.&#8221; The government would be consulting on future laws, which &#8220;may well mean adjustments,&#8221; he added.
&#8220;There are a number of techniques going on here where people are buying a lot of tickets, reselling them at a huge price,&#8221; he added. &#8220;And that&#8217;s just not fair — it&#8217;s just pricing people out of the market.&#8221;
Furthermore, UK Culture Secretary Lisa Nandy addressed the topic <a href="https://www.itv.com/news/2024-08-31/oasis-concert-tickets-2025-general-sale">to</a> ITV News: &#8220;We will include issues around the transparency and use of dynamic pricing, including the technology around queuing systems which incentivize it.&#8221; Nandy added that the government's upcoming consultation on consumer protections for ticket sales will tackle these concerns.
Dynamic pricing, often referred to as "surge pricing," is a strategy where prices increase in response to high demand. While not illegal, the practice has faced significant criticism for making live events inaccessible to many fans. 
&#8220;After the incredible news of Oasis' return, it's depressing to see vastly inflated prices excluding ordinary fans from having a chance of enjoying their favorite band live,&#8221; Nandy continued. &#8220;Working with artists, industry, and fans, we can create a fairer system that ends the scourge of touts, rip-off resales and ensures tickets at fair prices."
<h3 class="wp-block-heading">Ticketmaster Under Scrutiny Again</h3>
Why It Matters: This is not the first time Ticketmaster has found itself at the center of a pricing controversy. The company also faced severe criticism in 2022 over the chaotic sales for Taylor Swift's Eras Tour.
Moreover, Ticketmaster has been recently investigated by the US Department of Justice because of the company's pricing practices.
Ticketmaster remains the primary platform for Oasis' ticket sales. The company blamed the prices on the &#8220;event organizer&#8221; who &#8220;has priced these tickets according to their market value&#8221;.
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Image credits: Shutterstock.

Oasis Fans Furious As Dynamic Pricing Pushes Ticket Prices Sky High — 'It's Just Not Fair,' Says UK Prime Minister

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Deutsche Bank analyst Benjamin Soff raised the firm's price target on Live Nation (LYV) to $130 from $122 and keeps a Buy rating on the shares ahea...

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Live Nation Entertainment gains after Trump victory

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Live Nation put volume heavy and directionally bearish

Catalyst Watch: Alibaba earnings, Disney drama, CPI print, 13F filings and more election scrambling

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Press Releases

Live Nation Entertainment To Participate In Bank Of America Securities Media, Communications & Entertainment Conference And Goldman Sachs Communacopia & Technology Conference

By Popular Demand, Final Shows Added for Shania Twain: COME ON OVER – The Las Vegas Residency at PH Live at Planet Hollywood Resort & Casino

Jerry Seinfeld Returns to The Colosseum at Caesars Palace for Six Performances in 2025

Globally Acclaimed Music Group Black Eyed Peas Announce New Las Vegas Residency at PH Live at Planet Hollywood Resort & Casino

Garth Brooks Announces Final Three Weekends for Garth Brooks/Plus ONE at The Colosseum at Caesars Palace February 21 – March 9, 2025

LIVE NATION ALERT: Bragar Eagel & Squire, P.C. is Investigating Live Nation Entertainment, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Live Nation Entertainment Schedules Third Quarter 2024 Earnings Release and Teleconference, Sets Dates for Investor Presentations

Skip Launches NEW Membership Program, Skip+, Giving Canadians Access to a World of Exclusive Perks & VIP Experiences

Live Nation Entertainment Schedules Earlier Date For Third Quarter 2024 Earnings Release And Teleconference

Commodities

NEW SHOW SIDE HUSTLES TO DEBUT ON VEEPS, TAKING US ALL BEHIND THE SCENES OF THE BRAND POWERHOUSES OF AVALINE, COOKIES, MDDN, HOUSLEY, AND MORE

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