Live Nation Benefits from Strong Event Demand, Sponsorships

LYV is an entertainment company that manages ticket sales for events around the world. It has three primary business segments: concerts, sponsorships and advertising, and ticketing. Despite potential antitrust problems and ticket buyer displeasure, the company’s business has thrived and delivered value for shareholders. The company’s international expansion and range of venues has set the stage for LYV’s next growth phase.

Live Nation will announce fourth-quarter earnings for fiscal 2024 later this month. The company’s earnings for the third quarter of fiscal 2024 showed a records for revenue ($8.2 billion, up 32%) and operating income ($619 million, up 22%). LYV sold 140 million tickets for the year so far, surpassing 2022’s full year total of 121 million. Also, sponsorship results are on pace for double-digit adjusted operating income growth this year.

It’s no wonder LYV shares are up 13% this year so far. MAPsignals data shows how Big Money investors are betting heavily on the forward picture of the stock.

Big Money Loves Live Nation

Institutional volumes reveal plenty. LYV has enjoyed strong investor demand of late, which we believe to be institutional support.

Each green bar signals unusually large volumes in LYV shares. They reflect our proprietary inflow signal, pushing the stock higher:

Plenty of discretionary names are under accumulation right now. But there’s a powerful fundamental story happening with Live Nation.

Live Nation Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, LYV has had strong sales and earnings growth:

• 3-year sales growth rate (+146.4%)
• 3-year earnings growth rate (+85.1%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +136.5%.

Now it makes sense why the stock has been powering to new heights. LYV has a track record of strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

Live Nation has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 multiple times recently. The blue bars below show when LYV was a top pick…proving Big Money power is behind it:

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

Live Nation Price Prediction

The LYV rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in LYV at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.