 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
Live Nation Entertainment, Inc. (LYV) operates as a live entertainment company. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments.
The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues; operates and manages music venues; produces music festivals; creates associated content; and offers management and other services to artists.
The Ticketing segment manages the ticketing operations, including the provision of ticketing software and services to clients for tickets and event information through its primary websites livenation.com and ticketmaster.com as well as provides ticket resale services. This segment sells tickets for its events, as well as for third-party clients in various live event categories, such as arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters through websites, mobile apps, ticket outlets, and telephone call centers.
The Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertising, including signage, promotional programs, rich media offering that include advertising related with live streaming and music-related content; and ads across its distribution network of venues, events, and websites. This segment also manages the development of strategic sponsorship programs, as well as develops, books, and produces custom events or programs for specific brands.
As of December 31, 2020, it owned, operated, or leased 155 entertainment venues in North America and 76 entertainment venues internationally.
The company was formerly known as Live Nation, Inc. and changed its name to Live Nation Entertainment, Inc. in January 2010.
Live Nation Entertainment, Inc. reported a 2nd Quarter June 2021 loss of $0.75 per share on revenue of $575.9 million. The consensus estimate was a loss of $1.20 per share on revenue of $550.7 million. Revenue grew 677.4% on a year-over-year basis.
Please note, this stock reports earnings on Thursday, November 4.
Since Q2, this stock has returned approximately 12% and share prices should continue to increase as it breaks out of its "bullish flag" formation.
We will trade November 19th Call Options
Entry Point: $100.75
Trading Range: $47.97 - $102.85
Trade
Profit/Loss Analysis
Closing Summary
|
|
LYV Call Options sold for $19.50
