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Live Nation Entertainment, Inc. (LYV) operates as a live entertainment company.
It operates through Concerts, Sponsorship & Advertising, and Ticketing segments.
The Concerts segment promotes live music events in its owned and/or operated venues, and in rented third-party venues; operates and manages music venues; and produces music festivals and creates associated content. This segment also provides management and other services to artists.
The Sponsorship & Advertising segment sells sponsorships and placement of advertising, including signage, online advertising, and promotional programs, as well as 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 for specific brands.
The Ticketing segment manages the ticketing operations, including the provision of ticketing software and services to clients, as well as ticket resale services; and offers online access for customers relating to ticket and event information through its primary Websites, livenation.com and ticketmaster.com. It sells tickets through Websites, mobile apps, ticket outlets, and telephone call centers. 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.
Shares have formed a bullish "pennant" following the company's latest earnings report. Live Nation Entertainment (LYV) reported a 4th Quarter December 2018 loss of $0.82 per share on revenue of $2.6 billion. Revenue grew 2.2% on a year-over-year basis.
Higher share prices are expected for this stock.
Entry Point: $60.00
Stop Loss: $55.00
52-Weeks Trading Range: $
Target Price: $66.00
LYV closed at $65.12
