First Trust Advisors LP Increases Holdings in Live Nation Entertainment by 78.1% in Q4.
May 27, 2023
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This large investment is a strong indication of confidence in the company’s future prospects. Live Nation Entertainment ($NYSE:LYV), Inc. is a global entertainment company comprised of Live Nation Concerts, Ticketmaster, and Front Line Management Group. The company also produces a range of festivals and other live entertainment events, providing fans with a wide selection of musical experiences. The success of Live Nation Entertainment can be attributed to its innovative business model which offers fans a variety of options for enjoying live music, including subscription-based ticketing and exclusive presale access.
As the industry leader in live music, the company has also entered into strategic partnerships with major players such as Apple Music, YouTube, and Spotify to provide fans with even more options for discovering and attending their favorite shows. With its innovative business model and strategic partnerships, Live Nation Entertainment is well-positioned to continue to dominate the live music industry for years to come.
Analysis
GoodWhale has conducted an analysis of LIVE NATION ENTERTAINMENT’s fundamentals. Our star chart shows that LIVE NATION ENTERTAINMENT has a high health score of 7/10, indicating that it is capable of paying off its debts and funding future operations. LIVE NATION ENTERTAINMENT is strong in asset, growth, and medium in profitability, but weak in dividends. We have classified LIVE NATION ENTERTAINMENT as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. Given these characteristics, we believe that LIVE NATION ENTERTAINMENT may be attractive to investors looking for high growth opportunities. These investors may be willing to accept the increased risk associated with investing in this type of company and may be interested in its potential for long-term value creation. This could include private equity investors, venture capitalists, and growth-oriented mutual funds. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for LYV. More…
| Total Revenues | Net Income | Net Margin |
| 18.01k | 177.01 | 0.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for LYV. More…
| Operations | Investing | Financing |
| 1.79k | -729.53 | 157.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for LYV. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 18.87k | 18.08k | -2 |
Key Ratios Snapshot
Some of the financial key ratios for LYV are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.2% | 67.3% | 5.1% |
| FCF Margin | ROE | ROA |
| 7.7% | -137.6% | 3.0% |
Peers
Its competitors include Warner Bros. Discovery Inc, SD Entertainment Inc, Imagination TV Inc.
– Warner Bros.Discovery Inc ($NASDAQ:WBD)
Discovery Inc. is an American global mass media and entertainment company. It produces and distributes content across multiple genres, including factual and reality programming, sports, and general entertainment. The company has a market cap of 32.75B and a ROE of -5.76%. Discovery Inc. was founded in 1985 and is headquartered in Silver Spring, Maryland.
– SD Entertainment Inc ($TSE:4650)
S2 Games is a publicly traded American video game developer and publisher headquartered in Boston, Massachusetts. The company was founded in 2003 by James Green and Marc DeForest. S2 Games is best known for developing the video game franchises HoN and Strife. As of 2022, S2 Games has a market cap of 2.46B and a return on equity of 14.92%. The company specializes in developing and publishing free-to-play online games.
– Imagination TV Inc ($OTCPK:IMTV)
Imagination TV Inc is a publicly traded company with a market cap of 1.22k as of 2022. The company has a Return on Equity of 143.46%. Imagination TV Inc is a media and entertainment company that creates and distributes content across multiple platforms. The company’s content is distributed through television, film, digital, and social media.
Summary
Live Nation Entertainment, Inc., a live entertainment company, has been gaining the attention of investors lately. Since then, analysts have been analyzing the stock and predicting that it could increase in value due to multiple factors. Live Nation Entertainment has a strong presence in the live entertainment industry and is the largest producer of live music concerts in the world. With its recent acquisition of Ticketmaster, the company possesses an even larger competitive advantage.
Additionally, Live Nation Entertainment’s share price could be further driven up by increasing demand and higher prices for live entertainment events due to the ongoing pandemic. Investors should be keeping an eye on Live Nation Entertainment as it continues to grow and develop its business.
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