Live Nation Entertainment, Inc. (LYV) in Beverly Hills, Calif., is a live entertainment company. It operates through Concerts; Ticketing; and Sponsorship & Advertising segments.
LYV’s first-quarter revenue increased 520.3% year-over-year to $1.80 billion. Analysts anticipated higher revenue growth, however. LYV expects nearly two-thirds of its $375 million in expected capital expenditure to be spent on revenue-generating projects. The company also expects its full year adjusted operating income to free cash flow to return to a percentage range in the 50s.
