Live Nation Entertainment (LYV)

• Market cap: $30.6B
• 1 day: 0.06%
• 5 days: 1.13%
• 1 month: 1.38%
• 3 months: -8.11%
• 6 months: 12.95%
• Year to date: 2.44%
• 1 year: 48.89%
• 5 years: 195.03%
• 10 years: 428.25%
• Sector: Communication Services
• Industry: Entertainment

About: 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 nearly 400 venues worldwide at the end of 2024, which the firm says makes it the second-largest operator of music venues globally. In 2024, Live Nation promoted nearly 55,000 events, drawing more than 150 million fans. Ticketmaster is a dominant global ticketing service, selling almost 640 million tickets in 2024.

Employees: 16,200

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

146% more first-time investments, than exits

New positions opened: 138 | Existing positions closed: 56

19% more capital invested

Capital invested by funds: $18.7B [Q3] → $22.2B (+$3.51B) [Q4]

17% more repeat investments, than reductions

Existing positions increased: 244 | Existing positions reduced: 209

11% more funds holding

Funds holding: 617 [Q3] → 685 (+68) [Q4]

0.23% more ownership

Funds ownership: 74.17% [Q3] → 74.4% (+0.23%) [Q4]

13% less call options, than puts

Call options by funds: $445M | Put options by funds: $511M

50% less funds holding in top 10

Funds holding in top 10: 16 [Q3] → 8 (-8) [Q4]

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $155 17% upside
• Avg. target: $172 30% upside
• High target: $180 36% upside

10 analyst ratings

• positive: 10 100%
• neutral: 0 0%
• negative: 0 0%

Susquehanna Joseph Stauff 32% 1-year accuracy 12 / 37 met price target	17% upside $155	Positive Initiated	28 Apr 2025
Benchmark Matthew Harrigan 56% 1-year accuracy 40 / 71 met price target	34% upside $178	Buy Reiterated	1 Apr 2025
Rosenblatt Barton Crockett 36% 1-year accuracy 21 / 59 met price target	31% upside $174	Buy Maintained	1 Apr 2025
Macquarie Paul Golding 21% 1-year accuracy 11 / 52 met price target	25% upside $165	Outperform Maintained	6 Mar 2025
B of A Securities Peter Henderson 40% 1-year accuracy 2 / 5 met price target	32% upside $175	Buy Maintained	24 Feb 2025