Live Nation EntertainmentNYSE: LYV

Live Nation's CEO, Michael Rapino, appears on 'Mad Money' with host Jim Cramer to discuss how music and entertainment consumers are evolving, as well as topics like concerts, ticket prices, and scalping.

On Tuesday afternoon, shares of Live Nation (LYV), the parent company of Ticketmaster, rose after the company reported third quarter earnings that exceeded expectations.

In the third quarter of 2024, LYV's revenue shows poor performance from both the Concerts and Ticketing segments.

On Tuesday morning, shares of Live Nation (LYV), the parent company of Ticketmaster, rose sharply after the company reported third quarter earnings that exceeded expectations.

The main figures for Live Nation (LYV) provide an overview of the company's performance for the quarter that ended in September 2024. However, it could be useful to compare these important metrics with Wall Street predictions and the results from the same period last year.

Live Nation Entertainment, Inc. (NYSE:LYV) will hold its Q3 2024 Earnings Conference Call on November 11, 2024, at 5:00 PM ET. The call will feature company representatives including Amy Yong from Investor Relations, Joe Berchtold, the President and CFO, and Michael Rapino, the President and CEO. Various participants from financial firms like JPMorgan and Goldman Sachs will also join the discussion.

Live Nation (LYV) reported quarterly earnings of $1.66 per share, which is higher than the Zacks Consensus Estimate of $1.58 per share. This is a decrease compared to earnings of $1.78 per share from the same period last year.

Live Nation Entertainment, the parent company of Ticketmaster, exceeded Wall Street's profit expectations for the third quarter on Monday, thanks to effective cost management. As a result, its stock rose by 5.1% in after-hours trading.

LOS ANGELES, Nov. 11, 2024 /PRNewswire/ -- "We just finished our busiest summer concert season to date, and we have more shows lined up than ever before, with brand sponsorships increasing. Although our operating income will be affected by some one-time costs, we are on track for significant growth in AOI this year."