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Live Nation Entertainment Fourth Quarter Earnings

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Live Nation (NYSE: LYV) reported its fourth quarter earnings on Monday afternoon, and shares of the entertainment company are fairly steady as they were barley up 2.11 percent or $0.46 per share to an aggregate total of $22.31 per share. The company is primarily known for its subsidiary Ticketmaster.

Some key metrics:

• Cash flow being up nine percent to $300 million. • Net income improving by $120 million

• Returning to profitability in its operating income, to $140 million.

• Full Year Earnings Per Share up $0.84 to ($0.04)

• Revenue up 11 percent to $6.5 billion.

The entertainment company had a record quarter and it believes that it is well-positioned for continued growth in 2014. “We had a record year in 2013 and are well positioned for continued growth in 2014. During 2013, we further grew our unmatched concerts global fan base by 10 million fans, attracting almost 60 million fans to our concerts. This tremendous growth fueled our sponsorship and ticketing businesses with Ticketmaster managing nearly 400 million total tickets in 2013. Combined, we delivered a record year for revenue, AOI and free cash flow.”

The company also commented and stated that they are more optimistic than ever on the growth potential of its business and its ability to release and deliver its three year plan through 2014 and 2015. The company said that they have had a bunch of success building its concert fan base in 2013.

“While we had tremendous success building our concert fan base in 2013, we believe there is more runways ahead that will allow us to continue to build share, add festivals to our global portfolio and enter more emerging markets. Early indicators show we are off to a strong start, with event-related deferred revenue up 19% year on year to $434 million as of December 31st, 2013 and concert ticket sales for shows in 2014 up 12% as of February 15th, 2014 as compared to this time last year.”

Posted-In: TicketmasterEarnings News Guidance


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