LYV Q1 2025 Earnings
Reported May 1, 2025 at 4:14 PM ET · SEC Source
Q1 25 EPS
$-0.32
MISS 966.67%
Est. $-0.03
Q1 25 Revenue
$3.38B
MISS 3.83%
Est. $3.52B
vs S&P Since Q1 25
-6.8%
TRAILING MARKET
LYV +20.3% vs S&P +27.2%
Market Reaction
Did LYV Beat Earnings? Q1 2025 Results
Live Nation Entertainment delivered a sharply disappointing first quarter, with earnings per share of $-0.32 missing the $-0.03 consensus estimate by 966.67%, while revenue of $3.38 billion fell 3.83% short of the $3.52 billion Wall Street expected a… Read more Live Nation Entertainment delivered a sharply disappointing first quarter, with earnings per share of $-0.32 missing the $-0.03 consensus estimate by 966.67%, while revenue of $3.38 billion fell 3.83% short of the $3.52 billion Wall Street expected and declined 11.0% year-over-year. The headline miss, however, obscures a more nuanced picture: foreign exchange headwinds, particularly from Mexican Peso and Latin American currency exposure, weighed heavily on results, and at constant currency revenue narrowed to an 8% decline. Beneath the revenue shortfall, operating income swung to $114.77 million from a $41.39 million loss a year ago, signaling improving operational leverage even as analysts weigh the potential impact of economic uncertainty on consumer spending. Looking ahead, management struck a confident tone, pointing to record concerts event-related deferred revenue of $5.40 billion, up 24% year-over-year, a global stadium pipeline up 60%, and expectations for double-digit full-year growth in both operating income and adjusted operating income, framing 2025 as a potentially historic year for live music.
Key Takeaways
- • Growing artist supply and global fan demand
- • Substantial growth in international markets, most notably Latin America and Asia Pacific
- • Strong demand for emerging artists with fans at theaters and clubs up 8%
- • Record concerts event-related deferred revenue of $5.4 billion, up 24% YoY
- • Ticketmaster concerts primary GTV up 9%
- • Brand partnerships continuing to grow with strategic deals up double-digits
- • On-site spend resilient with food and beverage at or above prior year levels
LYV YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
LYV Revenue by Segment
With YoY comparisons, source: SEC Filings
“2025 is shaping up to be a historic year for live music, with a strong start having us on track to deliver double-digit growth in operating income and AOI this year. As more artists tour the world, fan demand is reaching new heights across ticket sales, show attendance, and on-site spending. Ticket sales are pacing well ahead of last year, with deferred revenue for both concerts and ticketing at record levels. To support even more fans seeing their favorite artists, we're continuing to expand our global venue network, adding 20 major venues through 2026. As the global experience economy grows, the live music industry is leading the way, and we're positioned to compound growth by double-digits over many years.”
— Michael Rapino, Q1 2025 Earnings Press Release
LYV Earnings Trends
LYV vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LYV EPS Trend
Earnings per share: estimate vs actual
LYV Revenue Trend
Quarterly revenue: estimate vs actual
LYV Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $-0.98 | $-0.24 | +75.39% | $6.31B | +3.14% |
| FY Full Year | $-0.21 | $2.74 | +1,382.17% | $25.20B | +0.77% |
| Q3 25 MISS | $1.49 | $0.73 | -50.96% | $8.50B | -1.46% |
| Q2 25 MISS | $1.02 | $0.41 | -59.80% | $7.01B | +1.64% |
| Q1 25 MISS | $-0.03 | $-0.32 | -966.67% | $3.38B | -3.83% |