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Live Nation Entertainment, Inc. (LYV) Report Analysis

Corporate Events

Neutral

Live Nation Entertainment, Inc. to Report Q3, 2...

2022-10-20 20:15:00

Live Nation Entertainment, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 03, 2022

Neutral

Live Nation Entertainment, Inc., Q3 2022 Earnin...

2022-10-20 20:15:00

Live Nation Entertainment, Inc., Q3 2022 Earnings Call, Nov 03, 2022

Positive

Supplying Demand Inc. announced that it has rec...

2022-10-03 00:00:00

On October 3, 2022, Supplying Demand Inc. closed the transaction. The company has received $70,000,000 in the transaction led by returning inv...

Neutral

Formula One Group, Liberty Media Corporation, A...

2022-09-27 13:37:00

To discuss the company's financial performance and outlook, as well as other forward looking matters

Positive

Live Nation Entertainment, Inc. (NYSE:LYV) acqu...

2022-09-20 00:00:00

Live Nation Entertainment, Inc. (NYSE:LYV) acquired unknown majority stake in Goodlive GmbH from The Paragon Fund II GmbH & Co. KG, managed by...

Positive

Supplying Demand Inc. announced that it expects...

2022-09-15 00:00:00

Supplying Demand Inc. announced that it will issue 10,447,000 series D preferred shares at issue price of $6.8346 per share for the gross proc...

Positive

Turn Systems Corporation announced that it has ...

2022-09-01 00:00:00

TURN Systems announced that it has raised $5 million in a round of funding on September 1, 2022. The Transaction included the participation fr...

Neutral

Live Nation Entertainment, Inc. Presents at Gol...

2022-08-31 20:10:00

Live Nation Entertainment, Inc. Presents at Goldman Sachs Communacopia + Technology Conference 2022, Sep-14-2022 11:30 AM. Venue: The Palace H...

Neutral

Live Nation Entertainment, Inc. Presents at 9th...

2022-08-24 17:05:00

Live Nation Entertainment, Inc. Presents at 9th Annual Consumer/Media/Entertainment Conference, Sep-08-2022 . Venue: New York Athletic Club, 1...

Neutral

The Benchmark Company, LLC, 9th Annual Consumer...

2022-08-22 20:15:00

The Benchmark Company, LLC, 9th Annual Consumer/Media/Entertainment Conference, Sep 07, 2022 through Sep 08, 2022. Venue: New York Athletic Cl...

Neutral

Live Nation Entertainment, Inc. to Report Q2, 2...

2022-07-21 20:16:00

Live Nation Entertainment, Inc. announced that they will report Q2, 2022 results After-Market on Aug 04, 2022

Neutral

Live Nation Entertainment, Inc., Q2 2022 Earnin...

2022-07-21 20:16:00

Live Nation Entertainment, Inc., Q2 2022 Earnings Call, Aug 04, 2022

Positive

Live Nation Entertainment, Inc. (NYSE:LYV) and ...

2022-07-21 00:00:00

Live Nation Entertainment, Inc. (NYSE:LYV) and Secret Sounds Group Pty Ltd acquired Kicks Entertainment on July 21, 2022. Squire Patton Boggs ...

Positive

Live Nation Entertainment, Inc. (NYSE:LYV) acqu...

2022-07-06 00:00:00

Live Nation Entertainment, Inc. (NYSE:LYV) acquired Concerts and Entertainment division of BEC-Tero Entertainment Co., Ltd. on July 6, 2022. T...

Neutral

Live Nation Entertainment, Inc. Amends Company's Bylaws

2022-06-17 21:14:00

Live Nation Entertainment, Inc. announced that On June 16, 2022, the board of directors of the Company amended and restated the Company's byla...

Neutral

Live Nation Entertainment, Inc. Presents at J.P...

2022-05-13 20:30:00

Live Nation Entertainment, Inc. Presents at J.P. Morgan’s 50th Annual Global Technology, Media and Communications Conference 2022, May-25-2022...

Neutral

Live Nation Entertainment, Inc. Presents at Wil...

2022-05-13 20:30:00

Live Nation Entertainment, Inc. Presents at William Blair’s 42nd Annual Growth Stock Conference 2022, Jun-08-2022 03:40 PM. Venue: Loews Chica...

Neutral

Live Nation Entertainment, Inc. Presents at Con...

2022-05-10 18:51:00

Live Nation Entertainment, Inc. Presents at Conductor’s annual C3 conference, May-11-2022 03:00 PM. Speakers: PATRICIA ATRIAN, Sr. Director of SEO.

Neutral

Live Nation Entertainment, Inc. - Shareholder/A...

2022-04-27 20:16:00

AGM

Neutral

Live Nation Entertainment, Inc., Annual General...

2022-04-27 20:16:00

Live Nation Entertainment, Inc., Annual General Meeting, Jun 16, 2022, at 09:00 Pacific Standard Time. Agenda: To elect the eleven directors t...

Positive

Live Nation Entertainment, Inc. (NYSE:LYV) acqu...

2022-04-25 00:00:00

Live Nation Entertainment, Inc. (NYSE:LYV) acquired Music Management International Corp on April 25, 2022. Live Nation Entertainment, Inc. (...

Neutral

Live Nation Entertainment, Inc., Q1 2022 Earnin...

2022-04-21 20:49:00

Live Nation Entertainment, Inc., Q1 2022 Earnings Call, May 05, 2022

Neutral

Live Nation Entertainment, Inc. to Report Q1, 2...

2022-04-21 20:49:00

Live Nation Entertainment, Inc. announced that they will report Q1, 2022 results After-Market on May 05, 2022

Neutral

The Goldman Sachs Group, Inc., Goldman Sachs Co...

2022-03-03 13:33:00

The Goldman Sachs Group, Inc., Goldman Sachs Communacopia + Technology Conference 2022, Sep 09, 2022 through Sep 15, 2022. Venue: The Palace H...

Neutral

William Blair & Company, L.L.C., William Blair’...

2022-01-25 11:00:00

William Blair & Company, L.L.C., William Blair’s 42nd Annual Growth Stock Conference 2022, Jun 06, 2022 through Jun 09, 2022. Venue: Loews Chi...

Positive

Supplying Demand Inc. announced that it has rec...

2022-01-03 00:00:00

On January 3, 2022, Supplying Demand Inc. closed the transaction. The company has received $75,000,000 in the transaction. The transaction was...

Neutral

JPMorgan Chase & Co., J.P. Morgan’s 50th Annual...

2021-12-21 09:47:00

JPMorgan Chase & Co., J.P. Morgan’s 50th Annual Global Technology, Media and Communications Conference 2022, May 23, 2022 through May 25, 2022...

Positive

Live Nation Entertainment, Inc. (NYSE:LYV) comp...

2021-12-06 00:00:00

Live Nation Entertainment, Inc. (NYSE:LYV) entered into definite agreement to acquire 51% stake in Ocesa Entretenimiento, S.A. de C.V. from Gr...

Neutral

Live Nation Entertainment, Inc. to Report Q3, 2022 Results on Nov 03, 2022

2022-10-20 20:15:00

Live Nation Entertainment, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 03, 2022

Neutral

Live Nation Entertainment, Inc., Q3 2022 Earnings Call, Nov 03, 2022

2022-10-20 20:15:00

Live Nation Entertainment, Inc., Q3 2022 Earnings Call, Nov 03, 2022

Positive

Supplying Demand Inc. announced that it has received $70.000001 million in funding from Science, Inc., Live Nation Entertainment, Inc. and other investors

2022-10-03 00:00:00

On October 3, 2022, Supplying Demand Inc. closed the transaction. The company has received $70,000,000 in the transaction led by returning investor Science, Inc. The transaction also included participation from overall twelve investors including returning investor Live Nation Entertainment, Inc., music group Swedish House Mafia and comedian Whitney Cummings. The company has raised $195,000,000 in funding till date. The company raised the round at post-money valuation of $700,000,000. The company has received $54,762,725 in the transaction pursuant to exemption provided under Regulation D.

Neutral

Formula One Group, Liberty Media Corporation, Atlanta National League Baseball Club, LLC, Live Nation Entertainment, Inc., Qurate Retail, Inc., Qurate Retail Group, Inc., The Liberty Braves Group, The Liberty SiriusXM Group, Sirius XM Holdings Inc. - Analyst/Investor Day

2022-09-27 13:37:00

To discuss the company's financial performance and outlook, as well as other forward looking matters

Positive

Live Nation Entertainment, Inc. (NYSE:LYV) acquired unknown majority stake in Goodlive GmbH from The Paragon Fund II GmbH & Co. KG, managed by Paragon Partners GmbH and Goodlive’s founders.

2022-09-20 00:00:00

Live Nation Entertainment, Inc. (NYSE:LYV) acquired unknown majority stake in Goodlive GmbH from The Paragon Fund II GmbH & Co. KG, managed by Paragon Partners GmbH and Goodlive’s founders on September 20, 2022. Goodlive and its management and team are now part of Live Nation Entertainment, Inc. Live Nation Entertainment, Inc. (NYSE:LYV) completed the acquisition of unknown majority stake in Goodlive GmbH from The Paragon Fund II GmbH & Co. KG, managed by Paragon Partners GmbH and Goodlive’s founders on September 20, 2022.

Positive

Supplying Demand Inc. announced that it expects to receive $71.401066 million in funding

2022-09-15 00:00:00

Supplying Demand Inc. announced that it will issue 10,447,000 series D preferred shares at issue price of $6.8346 per share for the gross proceeds $71,401,066.2 in funding on September 15, 2022. The shares will be convertible in common shares at a fixed conversion price of $6.8346 per share. The company will issue securities pursuant to exemption provided under Regulation D.

Positive

Turn Systems Corporation announced that it has received $5 million in funding from Live Nation Entertainment, Inc.

2022-09-01 00:00:00

TURN Systems announced that it has raised $5 million in a round of funding on September 1, 2022. The Transaction included the participation from new investor Live Nation Entertainment, Inc.

Neutral

Live Nation Entertainment, Inc. Presents at Goldman Sachs Communacopia + Technology Conference 2022, Sep-14-2022 11:30 AM

2022-08-31 20:10:00

Live Nation Entertainment, Inc. Presents at Goldman Sachs Communacopia + Technology Conference 2022, Sep-14-2022 11:30 AM. Venue: The Palace Hotel in San Francisco, 2 New Montgomery Street, San Francisco, California, United States. Speakers: Joe Berchtold, President & CFO.

Neutral

Live Nation Entertainment, Inc. Presents at 9th Annual Consumer/Media/Entertainment Conference, Sep-08-2022

2022-08-24 17:05:00

Live Nation Entertainment, Inc. Presents at 9th Annual Consumer/Media/Entertainment Conference, Sep-08-2022 . Venue: New York Athletic Club, 180 Central Park South, New York City, New York, United States.

Neutral

The Benchmark Company, LLC, 9th Annual Consumer/Media/Entertainment Conference, Sep 07, 2022 through Sep 08, 2022

2022-08-22 20:15:00

The Benchmark Company, LLC, 9th Annual Consumer/Media/Entertainment Conference, Sep 07, 2022 through Sep 08, 2022. Venue: New York Athletic Club, 180 Central Park South, New York City, New York, United States.

Neutral

Live Nation Entertainment, Inc. to Report Q2, 2022 Results on Aug 04, 2022

2022-07-21 20:16:00

Live Nation Entertainment, Inc. announced that they will report Q2, 2022 results After-Market on Aug 04, 2022

Neutral

Live Nation Entertainment, Inc., Q2 2022 Earnings Call, Aug 04, 2022

2022-07-21 20:16:00

Live Nation Entertainment, Inc., Q2 2022 Earnings Call, Aug 04, 2022

Positive

Live Nation Entertainment, Inc. (NYSE:LYV) and Secret Sounds Group Pty Ltd acquired Kicks Entertainment.

2022-07-21 00:00:00

Live Nation Entertainment, Inc. (NYSE:LYV) and Secret Sounds Group Pty Ltd acquired Kicks Entertainment on July 21, 2022. Squire Patton Boggs (UK) LLP acted as legal advisor to Live Nation Australasia Pty Ltd. Live Nation Entertainment, Inc. (NYSE:LYV) and Secret Sounds Group Pty Ltd completed the acquisition of Kicks Entertainment on July 21, 2022.

Positive

Live Nation Entertainment, Inc. (NYSE:LYV) acquired Concerts and Entertainment division of BEC-Tero Entertainment Co., Ltd.

2022-07-06 00:00:00

Live Nation Entertainment, Inc. (NYSE:LYV) acquired Concerts and Entertainment division of BEC-Tero Entertainment Co., Ltd. on July 6, 2022. Through acquisition of the TERO C&E division, Live Nation Tero establishes itself as a holistic business that will cover a vast international and domestic music roster as well as family entertainment. Live Nation Entertainment, Inc. (NYSE:LYV) completed the acquisition of Concerts and Entertainment division of BEC-Tero Entertainment Co., Ltd. on July 6, 2022.

Neutral

Live Nation Entertainment, Inc. Amends Company's Bylaws

2022-06-17 21:14:00

Live Nation Entertainment, Inc. announced that On June 16, 2022, the board of directors of the Company amended and restated the Company's bylaws. The principal changes made to the Bylaws were to Section 2.3 thereof to expressly provide that stockholder meetings may be held virtually; to Sections 2.7 and 6.6 thereof to provide for the use of universal proxy cards," to expressly allow proxy materials to be transmitted to stockholders electronically and proxies to be submitted online, and require that only the Company be allowed to use white card in proxy contests; and to Section 6.10 thereof to provide that the forum for securities-related suits against the Company will be the U.S. federal district courts, while including an express acknowledgement of this provision.

Neutral

Live Nation Entertainment, Inc. Presents at J.P. Morgan’s 50th Annual Global Technology, Media and Communications Conference 2022, May-25-2022 11:20 AM

2022-05-13 20:30:00

Live Nation Entertainment, Inc. Presents at J.P. Morgan’s 50th Annual Global Technology, Media and Communications Conference 2022, May-25-2022 11:20 AM. Venue: Westin Boston Seaport District, Boston, Massachusetts, United States. Speakers: Joe Berchtold, President & CFO.

Neutral

Live Nation Entertainment, Inc. Presents at William Blair’s 42nd Annual Growth Stock Conference 2022, Jun-08-2022 03:40 PM

2022-05-13 20:30:00

Live Nation Entertainment, Inc. Presents at William Blair’s 42nd Annual Growth Stock Conference 2022, Jun-08-2022 03:40 PM. Venue: Loews Chicago Hotel, Chicago, Illinois, United States. Speakers: Joe Berchtold, President & CFO.

Neutral

Live Nation Entertainment, Inc. Presents at Conductor’s annual C3 conference, May-11-2022 03:00 PM

2022-05-10 18:51:00

Live Nation Entertainment, Inc. Presents at Conductor’s annual C3 conference, May-11-2022 03:00 PM. Speakers: PATRICIA ATRIAN, Sr. Director of SEO.

Neutral

Live Nation Entertainment, Inc. - Shareholder/Analyst Call

2022-04-27 20:16:00

AGM

Neutral

Live Nation Entertainment, Inc., Annual General Meeting, Jun 16, 2022

2022-04-27 20:16:00

Live Nation Entertainment, Inc., Annual General Meeting, Jun 16, 2022, at 09:00 Pacific Standard Time. Agenda: To elect the eleven directors to hold office until the 2023 annual meeting of stockholders; to ratify the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for the 2022 fiscal year; and to transact such other business as may properly come before the annual meeting or any adjournment or postponement thereof.

Positive

Live Nation Entertainment, Inc. (NYSE:LYV) acquired Music Management International Corp.

2022-04-25 00:00:00

Live Nation Entertainment, Inc. (NYSE:LYV) acquired Music Management International Corp on April 25, 2022. Live Nation Entertainment, Inc. (NYSE:LYV) completed the acquisition of Music Management International Corp on April 25, 2022.

Neutral

Live Nation Entertainment, Inc., Q1 2022 Earnings Call, May 05, 2022

2022-04-21 20:49:00

Live Nation Entertainment, Inc., Q1 2022 Earnings Call, May 05, 2022

Neutral

Live Nation Entertainment, Inc. to Report Q1, 2022 Results on May 05, 2022

2022-04-21 20:49:00

Live Nation Entertainment, Inc. announced that they will report Q1, 2022 results After-Market on May 05, 2022

Neutral

The Goldman Sachs Group, Inc., Goldman Sachs Communacopia + Technology Conference 2022, Sep 09, 2022 through Sep 15, 2022

2022-03-03 13:33:00

The Goldman Sachs Group, Inc., Goldman Sachs Communacopia + Technology Conference 2022, Sep 09, 2022 through Sep 15, 2022. Venue: The Palace Hotel in San Francisco, 2 New Montgomery Street, San Francisco, California, United States.

Neutral

William Blair & Company, L.L.C., William Blair’s 42nd Annual Growth Stock Conference 2022, Jun 06, 2022 through Jun 09, 2022

2022-01-25 11:00:00

William Blair & Company, L.L.C., William Blair’s 42nd Annual Growth Stock Conference 2022, Jun 06, 2022 through Jun 09, 2022. Venue: Loews Chicago Hotel, Chicago, Illinois, United States.

Positive

Supplying Demand Inc. announced that it has received $75 million in funding from Live Nation Entertainment, Inc., Science, Inc., Powerplant Ventures, LLC, Access Capital, Inc., Nomad Ventures and other investors

2022-01-03 00:00:00

On January 3, 2022, Supplying Demand Inc. closed the transaction. The company has received $75,000,000 in the transaction. The transaction was led by returning investor Science, Inc. and included participation from Powerplant Ventures, LLC, Access Capital, Inc., Nomad Ventures and returning investor Live Nation Entertainment, Inc. The company has received $60,000,000 in its third and final tranches. The company has raised $125,000,000 in funding till date. The round raised at post money valuation of $525,000,000.

Neutral

JPMorgan Chase & Co., J.P. Morgan’s 50th Annual Global Technology, Media and Communications Conference 2022, May 23, 2022 through May 25, 2022

2021-12-21 09:47:00

JPMorgan Chase & Co., J.P. Morgan’s 50th Annual Global Technology, Media and Communications Conference 2022, May 23, 2022 through May 25, 2022. Venue: Westin Boston Seaport District, Boston, Massachusetts, United States.

Positive

Live Nation Entertainment, Inc. (NYSE:LYV) completed the acquisition of 51% stake in Ocesa Entretenimiento, S.A. de C.V. from Grupo Televisa, S.A.B. (BMV:TLEVISA CPO) and Corporación Interamericana de Entretenimiento, S.A.B. de C.V. (BMV:CIE B).

2021-12-06 00:00:00

Live Nation Entertainment, Inc. (NYSE:LYV) entered into definite agreement to acquire 51% stake in Ocesa Entretenimiento, S.A. de C.V. from Grupo Televisa, S.A.B. (BMV:TLEVISA CPO) and Corporación Interamericana de Entretenimiento, S.A.B. de C.V. (BMV:CIE B) for MXN 8.8 billion on July 24, 2019. Under the terms of the transaction, Live Nation will acquire 40% from Grupo Televisa for MXN 5.206 billion. On or before closing, Televisa also expects to receive a dividend of approximately MXN 350 million. Live Nation will acquire 11% stake in Ocesa Entretenimiento from Corporación Interamericana de Entretenimiento for MXN 3.629 billion. Pursuant to the terms, Live Nation will pay MXN 7.9 billion in cash and MXN 907.3 million in shares. As part of the transaction, Live Nation also planned to buy an interest in OCESA's booking and artist management joint venture OcesaSeitrack, corporate event specialist CREA, and Centro Citibanamex, an exhibition and convention center in Mexico City. As on September 14, 2021, Live Nation Entertainment, Inc. announced that it intends to offer, subject to market and other conditions, MXN 8,591.4 million of common stock registered under the Securities Act of 1933, as amended. Live Nation Entertainment, Inc. intends to use the net proceeds from the offering to fund the acquisition of 51% of the capital stock of OCESA Entretenimiento, S.A. de C.V. Following completion, Michael Rapino, President and Chief Executive Officer of Live Nation Entertainment, will be the Chairman of the Board of OCESA. Alejandro Soberón Kuri, founder of CIE, will serve as Chief Executive Officer and Board Member of OCESA, and continue holding his positions as Chief Executive Officer and Chairman of the Board of CIE. The consummation of transaction is subject to the approval of the relevant regulatory authorities and to the closing of the sale by Corporación Interamericana de Entretenimiento, S.A.B. de C.V. to Live Nation of a portion of its stake in Ocesa. The acquisition has been approved by the Boards of Directors of Live Nation, CIE, and Televisa. Transaction has been approved by Mexican regulators in mid-April 2020. On May 5, 2020, Live Nation Entertainment, Inc. informed that they are not obligated to close the acquisition and a standstill agreement has been reached for discussions. The parties anticipate that the transaction will close by the end of 2019. As of February 27, 2020, transaction is expected to close sometime in the second quarter of 2020. Live Nation Entertainment, Inc. (NYSE:LYV) cancelled the acquisition of 51% stake in Ocesa Entretenimiento, S.A. de C.V. from Grupo Televisa, S.A.B. (BMV:TLEVISA CPO) and Corporación Interamericana de Entretenimiento, S.A.B. de C.V. (BMV:CIE B) on May 15, 2020. As of May 26, 2020, the standstill agreement has expired without reaching an agreement among the parties. As of September 13, 2021, Live Nation resumed the transaction. Pursuant to the amended terms, Live Nation will pay MXN 8.8 billion in cash. Live Nation will held back MXN 618.45 million for some time after completion to cover defined potential losses. The transaction is subject to customary closing conditions, including Mexican regulatory approvals and approval by CIE’s shareholders. The transaction is now expected to close by late 2021 or early 2022. LionTree Advisors acted as financial advisor to Live Nation. Rothschild & Co acted as financial advisor to Corporación Interamericana de Entretenimiento. Iker Arriola, Omar Zúñiga Arroyo, Francisco Peniche, Luis Gerardo García Santos Coy and Carlos de Icaza. Consejero Jorge Kargl of Creel, García-Cuéllar, Aiza y Enríquez acted as legal advisors for Live Nation. Francisco Fuentes Ostos, Ricardo Maldonado Yáñez, Francisco Glennie and Carlos Ernesto Orcí Berea of Mijares, Angoitia, Cortés y Fuentes acted as legal advisors for Grupo Televisa. Rico, Robles, Libenson y Bernal acted as legal advisors Corporación Interamericana de Entretenimiento. Live Nation Entertainment, Inc. (NYSE:LYV) completed the acquisition of 51% stake in Ocesa Entretenimiento, S.A. de C.V. from Grupo Televisa, S.A.B. (BMV:TLEVISA CPO) and Corporación Interamericana de Entretenimiento, S.A.B. de C.V. (BMV:CIE B) on December 6, 2021. Soberón Kuri will serve as Chief executive officer and sit on the board of the newly-formed joint venture, Operadora de Centro de Espectáculos. Rapino will become Chairman of Operadora de Centro de Espectáculos board of directors.

Fundamental Summary

Live Nation released impressive Q2 results on 2022-08-04. Their growth and value factors performance indicate that company management is focused on the right targets and executing well. We expect that this positive performance will continue in the coming months, and anticipate that Live Nation will maintain good momentum even in a challenging environment. As such, Live Nation received an overall score of 83 and a BUY recommendation.

Live Nation reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 6,153.54 million compared to USD 2,698.72 million a year ago. Net income was USD 361.4 million compared to USD 46.88 million a year ago. Basic earnings per share from continuing operations was USD 1.47 compared to USD 0.2 a year ago. Diluted earnings per share from continuing operations was USD 1.39 compared to USD 0.19 a year ago.For the nine months, sales was USD 12,390.52 million compared to USD 3,565.28 million a year ago. Net income was USD 499.02 million compared to net loss of USD 455.98 million a year ago. Basic earnings per share from continuing operations was USD 1.79 compared to basic loss per share from continuing operations of USD 2.13 a year ago. Diluted earnings per share from continuing operations was USD 1.73 compared to diluted loss per share from continuing operations of USD 2.13 a year ago.

Business Description

Live Nation operates as a live entertainment company. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues; operates and manages music venues; produces music festivals; creates associated content; and offers management and other services to artists. The Ticketing segment manages the ticketing operations, including the provision of ticketing software and services to clients for tickets and event information through its primary websites livenation.com and ticketmaster.com, as well as provides ticket resale services. This segment sells tickets for its events, as well as for third-party clients in various live event categories, such as arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters through websites, mobile apps, and ticket outlets. The Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertising, including signage, promotional programs, rich media offering that comprise advertising related with live streaming and music-related content; and ads across its distribution network of venues, events, and websites. This segment also manages the development of strategic sponsorship programs, as well as develops, books, and produces custom events or programs for specific brands. As of December 31, 2021, it owned, operated, or leased 165 entertainment venues in North America and 94 entertainment venues internationally. The company was formerly known as Live Nation, Inc. and changed its name to Live Nation in January 2010. Live Nation was incorporated in 2005 and is headquartered in Beverly Hills, California.

Sector Overview

Live Nation is included in the Entertainment according to GICS (global industry classification standard). The Entertainment industry, which is part of the Communication Services sector, includes Movies & Entertainment and Interactive Home Entertainment. Live Nation's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 16.4B 2.6% 75
Liabilities 15.8B 1.6% 67
Price to Book -45.2 10.6% 95
Cash & Equivalents 5.9B -0.2% 72
Equity -410.2M 20.8% 47
EBITDA 1.2B 76.7% 97
Total Revenues 11.6B 49.6% 37
Parameter Value Change Score
Return on Equity 76.6 135.0% 98
Net Cashflow 1.8B -36.4% 56
Capital Expenditure -224.9M -17.5% 46
Asset Turnover 0.8 40.5% 72
Free Cashflow Per Share 8.7 -29.4% 46
* All values are TTM

The below chart reflects Live Nation's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Live Nation's peer average final assessment score stands on 72, Live Nation's score is 83.

  •  LYV
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
The Walt Disney Company 178.5B 68 67 71
Hold
72
72 0 1
Sea Limited 32.8B 77 56 47
Hold
62
62 1 1
Roblox Corporation 19.1B 60 51 49
Underperform
50
50 2 1
Spotify Technology S.A. 15.3B 60 40 68
Underperform
52
52 3 1
Tencent Music Entertainment Group 11.9B 78 88 63
Buy
86
86 4 1
Endeavor Group Holdings, Inc. 10.3B 53 62 61
Underperform
56
56 5 1
World Wrestling Entertainment, Inc. 5.9B 80 59 57
Hold
69
69 6 1
Madison Square Garden Sports Corp. 4.0B 57 68 73
Hold
68
68 7 1
AMC Entertainment Holdings, Inc. 3.7B 57 71 58
Hold
62
62 8 1
Manchester United plc 3.6B 87 71 82
Strong Buy
86
86 9 1
Lions Gate Entertainment Corp. 1.7B 93 52 59
Hold
74
74 10 1
Madison Square Garden Entertainment Corp. 1.7B 46 83 55
Hold
61
61 11 1
Cinemark Holdings, Inc. 1.6B 60 80 74
Hold
75
75 12 1
IMAX Corporation 945.4M 54 50 84
Hold
61
61 13 1
HUYA Inc. 653.8M 61 78 65
Hold
71
71 14 1
Eros International Plc 551.3M 57 67 78
Hold
66
66 15 1
The Marcus Corporation 511.7M 63 73 67
Hold
71
71 16 1
Skillz Inc. 411.4M 73 87 62
Buy
82
82 17 1
Netflix, Inc. 136.0B 89 63 81
Strong Buy
87
87 18 1
Activision Blizzard, Inc. 57.9B 62 61 66
Hold
63
63 19 1
NetEase, Inc. 44.1B 81 79 72
Strong Buy
86
86 20 1
Electronic Arts Inc. 36.1B 74 83 53
Hold
76
76 21 1
Warner Bros. Discovery, Inc. 27.7B 52 69 64
Hold
61
61 22 1
Take-Two Interactive Software, Inc. 17.7B 72 59 44
Underperform
59
59 23 1
Warner Music Group Corp. 17.6B 82 83 74
Strong Buy
91
91 24 1
Formula One Group 14.1B 74 82 59
Hold
74
74 25 1
Viacom Inc. 9.9B 53 54 60
Underperform
51
51 26 1
Activision, Inc. 9.5B 87 83 73
Strong Buy
87
87 27 1
Roku, Inc. 8.3B 52 43 52
Underperform
43
43 28 1
Bilibili Inc. 6.8B 66 77 76
Buy
79
79 29 1
Playtika Holding Corp. 3.4B 87 61 50
Hold
71
71 30 1
iQIYI, Inc. 2.4B 51 94 79
Buy
80
80 31 1
SciPlay Corporation 1.9B 82 57 56
Hold
69
69 32 1
The Liberty Braves Group 1.7B 80 81 95
Strong Buy
95
95 33 1
Nexters Inc. 1.3B 79 87 57
Buy
79
79 34 1
PLAYSTUDIOS, Inc. 542.9M 67 49 71
Hold
62
62 35 1
DoubleDown Interactive Co., Ltd. 441.5M 74 88 63
Buy
84
84 36 1
DouYu International Holdings Limited 415.9M 77 97 64
Strong Buy
90
90 37 1
Reservoir Media, Inc. 406.8M 82 63 72
Buy
79
79 38 1
Gravity Co., Ltd. 288.9M 67 69 66
Hold
69
69 39 1
Loop Media, Inc. 225.0M 91 60 49
Hold
69
69 40 1

Macro Environment

Neutral
72

Typically, the stock market in United States will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world. Our assessment is that these two events may influence global market sentiment. On the negative side we have the strengthening of the dollar, and on the positive side we have the US recession fears are decreasing.

Positive US recession fears are decreasing

In the US, gross domestic product (GDP) increased by 2.6%, compared to economists' expectations of 2.4%. In recent years, US exports have grown and government spending has decreased, leading to growth. In addition, a crucial indicator of underlying inflation monitored by the Federal Reserve, the personal consumption expenditures price index excluding food and energy, increased 0.5% in the past month. From a year ago, the gauge was up 5.1%, a pickup from the prior month, though slightly below economists’ forecasts. In light of the US's previous two quarters' negative statistics, this was good news, as it gave a sense of comfort that the recession wasn't approaching the country as quickly as previously anticipated.

Negative strengthening of the dollar

Many investors were surprised by the high CPI numbers in the US, resulting in a strengthening dollar index, since interest rates are expected to continue to rise at an even steeper pace than expected. In light of the fact that many companies sell their goods and services outside the US, the strengthening of the dollar could be a difficult headwind for them. The exchange rate losses will continue to occur if the dollar continues to strengthen, with the continuation of hot data from the American economy as well as the Fed's hawkish tone and the continuation of interest rate increases.

Besides the events we mentioned, there are also specific events related to the Media & Entertainment industry of which Live Nation Entertainment, Inc. is a part. As a result, we believe that the US entering a recession may cloud the sector's shares in the near time future.

Negative US entering a recession

In light of the high inflation and significant monetary policy the Fed is taking in the US, there are increasing signs of growing chances of the US entering a recession. A recession in the US could lead to a sharp chain reaction in the rest of the world's leading economies as well. Historically, the Media & Entertainment industry has been hit hard in recession times due to a sharp drop in demand and hurting corporate revenues and profits.

In considering the current macro environment and the risks that might affect Live Nation Entertainment, Inc. stock, we came to the conclusion that recent events aren't likely to affect the company's performance in the short term, and thus rated Live Nation Entertainment, Inc. macro environment with the score of 72.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Live Nation's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Live Nation's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 52.

Bearish 52
Close Price 72.76
52W Low 66.21
52W High 126.04
5D MA 69.74
50D MA 75.75
200D MA 92.81
MACD -2.26
RSI 3.36
STOCH 62.44

Balance Sheet Analysis

Overall, Live Nation's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. Live Nation publishes solid book value factor metrics in this report. Price to book ratio (P/B) now sits at -45.2 and represents a 10.6% change from the previous report. These book value factor numbers show that management has been prudent in focusing on efficient growth. We believe the stock price has room to grow to reflect its intrinsic value accurately. Consequently, their book value factors movement received a grade of 95. Also, Live Nation's management was effective in managing the value of the assets on their balance sheet, which now sits at 16.4B and represents a 2.6% change from the previous report. These results, specifically in contrast to their industry peers' performance, should support an upswing in the company's stock price. Consequently, their asset movement received a grade of 75. However, one discouraging result, Equity, stood out. Live Nation management produced disappointing equity metrics this period, which stood at -410.2M, representing a 20.8% change. This parameter often affects companies in the same industry and market capitalization by up to 2.6%. This performance is significantly less impressive than its peers and competitors. Its equity movement component, therefore, received a grade of 47. Consequently, their balance sheet earned a rank of 89.

Parameter Value Change Score
Assets 16.4B 2.6% 75
Liabilities 15.8B 1.6% 67
Price to Book -45.2 10.6% 95
Cash & Equivalents 5.9B -0.2% 72
Equity -410.2M 20.8% 47
* All values are TTM

The below chart describes Live Nation's performance as reflected on its balance sheet with respect to its peers. While Live Nation received a balance sheet score of 89, the average of its peers stands on 71.

  •  LYV
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
The Walt Disney Company 178.5B 71.0 60.0 59.0 56.0 77.0 68 0 1
Sea Limited 32.8B 74.0 65.0 40.0 89.0 77.0 77 1 1
Roblox Corporation 19.1B 79.0 56.0 40.0 66.0 60.0 60 2 1
Spotify Technology S.A. 15.3B 67.0 63.0 49.0 72.0 55.0 60 3 1
Tencent Music Entertainment Group 11.9B 68.0 70.0 83.0 71.0 73.0 78 4 1
Endeavor Group Holdings, Inc. 10.3B 59.0 47.0 52.0 39.0 80.0 53 5 1
World Wrestling Entertainment, Inc. 5.9B 65.0 50.0 64.0 94.0 90.0 80 6 1
Madison Square Garden Sports Corp. 4.0B 58.0 68.0 41.0 56.0 58.0 57 7 1
AMC Entertainment Holdings, Inc. 3.7B 62.0 65.0 62.0 43.0 63.0 57 8 1
Manchester United plc 3.6B 69.0 91.0 50.0 90.0 57.0 87 9 1
Lions Gate Entertainment Corp. 1.7B 69.0 99.0 44.0 93.0 61.0 93 10 1
Madison Square Garden Entertainment Corp. 1.7B 72.0 59.0 42.0 39.0 51.0 46 11 1
Cinemark Holdings, Inc. 1.6B 76.0 66.0 44.0 58.0 55.0 60 12 1
IMAX Corporation 945.4M 59.0 62.0 76.0 47.0 58.0 54 13 1
HUYA Inc. 653.8M 68.0 62.0 54.0 52.0 66.0 61 14 1
Eros International Plc 551.3M 66.0 66.0 52.0 62.0 54.0 57 15 1
The Marcus Corporation 511.7M 75.0 63.0 57.0 37.0 74.0 63 16 1
Skillz Inc. 411.4M 72.0 77.0 42.0 92.0 49.0 73 17 1
Netflix, Inc. 136.0B 60.0 74.0 60.0 76.0 93.0 89 18 1
Activision Blizzard, Inc. 57.9B 55.0 68.0 59.0 44.0 72.0 62 19 1
NetEase, Inc. 44.1B 68.0 65.0 86.0 91.0 72.0 81 20 1
Electronic Arts Inc. 36.1B 72.0 68.0 87.0 45.0 80.0 74 21 1
Warner Bros. Discovery, Inc. 27.7B 58.0 64.0 49.0 61.0 50.0 52 22 1
Take-Two Interactive Software, Inc. 17.7B 58.0 85.0 43.0 84.0 50.0 72 23 1
Warner Music Group Corp. 17.6B 61.0 77.0 54.0 95.0 68.0 82 24 1
Formula One Group 14.1B 78.0 70.0 49.0 56.0 73.0 74 25 1
Viacom Inc. 9.9B 77.0 63.0 76.0 72.0 51.0 53 26 1
Activision, Inc. 9.5B 88.0 78.0 71.0 96.0 59.0 87 27 1
Roku, Inc. 8.3B 61.0 62.0 44.0 66.0 47.0 52 28 1
Bilibili Inc. 6.8B 51.0 69.0 46.0 94.0 55.0 66 29 1
Playtika Holding Corp. 3.4B 76.0 73.0 99.0 79.0 74.0 87 30 1
iQIYI, Inc. 2.4B 53.0 66.0 38.0 63.0 48.0 51 31 1
SciPlay Corporation 1.9B 74.0 68.0 89.0 61.0 83.0 82 32 1
The Liberty Braves Group 1.7B 44.0 77.0 61.0 97.0 64.0 80 33 1
Nexters Inc. 1.3B 73.0 66.0 53.0 96.0 78.0 79 34 1
PLAYSTUDIOS, Inc. 542.9M 72.0 62.0 50.0 63.0 69.0 67 35 1
DoubleDown Interactive Co., Ltd. 441.5M 60.0 71.0 63.0 94.0 59.0 74 36 1
DouYu International Holdings Limited 415.9M 68.0 66.0 86.0 82.0 69.0 77 37 1
Reservoir Media, Inc. 406.8M 59.0 83.0 67.0 93.0 60.0 82 38 1
Gravity Co., Ltd. 288.9M 74.0 64.0 54.0 59.0 73.0 67 39 1
Loop Media, Inc. 225.0M 61.0 72.0 59.0 84.0 96.0 91 40 1

Income Statement Analysis

Overall, Live Nation's critical income statement metrics appear to strongly support positive growth going forward. Live Nation's reported return on equity (ROE) ratio was 76.6, representing a change of 135.0%. Its return factor metrics are even more remarkable when compared to their peers. Consequently, their return factors received a grade of 98. That said, one metric, Revenue Efficiency, stood out as particularly concerning. Live Nation reported discouraging numbers for its revenue efficiency. As of the current filing, they were reported as 11.6B and represented 49.6% change from the previous period. This metric might have a 9.6 percent impact on companies in the same industry and with the same market capitalization. Its uninspiring revenue efficiency is even more concerning relative to its peers and competitors in the current market. As a result, their revenue efficiency earned a score of 37. Therefore, their income statement earned a grade of 85.

Parameter Value Change Score
EBITDA 1.2B 76.7% 97
Total Revenues 11.6B 49.6% 37
Return on Equity 76.6 135.0% 98
* All values are TTM

The below chart describes Live Nation's performance as reflected on its income statement with respect to its peers. While Live Nation received a income statement score of 85 , the average of its peers stands on 69.

  •  LYV
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
The Walt Disney Company 178.5B 63.0 65.0 71.0 67 0 1
Sea Limited 32.8B 41.0 52.0 85.0 56 1 1
Roblox Corporation 19.1B 79.0 40.0 42.0 51 2 1
Spotify Technology S.A. 15.3B 50.0 37.0 37.0 40 3 1
Tencent Music Entertainment Group 11.9B 91.0 83.0 83.0 88 4 1
Endeavor Group Holdings, Inc. 10.3B 92.0 45.0 70.0 62 5 1
World Wrestling Entertainment, Inc. 5.9B 53.0 59.0 63.0 59 6 1
Madison Square Garden Sports Corp. 4.0B 76.0 62.0 76.0 68 7 1
AMC Entertainment Holdings, Inc. 3.7B 50.0 77.0 71.0 71 8 1
Manchester United plc 3.6B 55.0 76.0 51.0 71 9 1
Lions Gate Entertainment Corp. 1.7B 82.0 39.0 37.0 52 10 1
Madison Square Garden Entertainment Corp. 1.7B 48.0 93.0 91.0 83 11 1
Cinemark Holdings, Inc. 1.6B 43.0 90.0 92.0 80 12 1
IMAX Corporation 945.4M 53.0 49.0 46.0 50 13 1
HUYA Inc. 653.8M 95.0 67.0 72.0 78 14 1
Eros International Plc 551.3M 53.0 66.0 80.0 67 15 1
The Marcus Corporation 511.7M 49.0 79.0 93.0 73 16 1
Skillz Inc. 411.4M 97.0 80.0 68.0 87 17 1
Netflix, Inc. 136.0B 69.0 58.0 58.0 63 18 1
Activision Blizzard, Inc. 57.9B 92.0 46.0 50.0 61 19 1
NetEase, Inc. 44.1B 59.0 83.0 83.0 79 20 1
Electronic Arts Inc. 36.1B 73.0 83.0 78.0 83 21 1
Warner Bros. Discovery, Inc. 27.7B 38.0 83.0 38.0 69 22 1
Take-Two Interactive Software, Inc. 17.7B 40.0 68.0 39.0 59 23 1
Warner Music Group Corp. 17.6B 63.0 87.0 90.0 83 24 1
Formula One Group 14.1B 44.0 91.0 94.0 82 25 1
Viacom Inc. 9.9B 83.0 54.0 64.0 54 26 1
Activision, Inc. 9.5B 43.0 93.0 40.0 83 27 1
Roku, Inc. 8.3B 59.0 38.0 37.0 43 28 1
Bilibili Inc. 6.8B 58.0 82.0 72.0 77 29 1
Playtika Holding Corp. 3.4B 77.0 54.0 49.0 61 30 1
iQIYI, Inc. 2.4B 89.0 91.0 92.0 94 31 1
SciPlay Corporation 1.9B 54.0 56.0 63.0 57 32 1
The Liberty Braves Group 1.7B 72.0 82.0 81.0 81 33 1
Nexters Inc. 1.3B 43.0 92.0 65.0 87 34 1
PLAYSTUDIOS, Inc. 542.9M 76.0 37.0 39.0 49 35 1
DoubleDown Interactive Co., Ltd. 441.5M 90.0 84.0 70.0 88 36 1
DouYu International Holdings Limited 415.9M 95.0 92.0 91.0 97 37 1
Reservoir Media, Inc. 406.8M 59.0 64.0 53.0 63 38 1
Gravity Co., Ltd. 288.9M 78.0 68.0 57.0 69 39 1
Loop Media, Inc. 225.0M 37.0 66.0 69.0 60 40 1

Cash Flow Analysis

Results from Live Nation's current financials were concerning, in two areas in particular: Capital Expenditure and Free Cash flow. Live Nation's published capital expenditures (CapEx) numbers were discouraging and reflected management's unbalanced growth strategy. Live Nation recorded CapEx of -224.9M, which represents a -17.5% change from the previous report. This performance is all the more uninspiring relative to their peers and competitors. Consequently, their CapEx movement received a grade of 46. Also, Free cash flow numbers published by Live Nation were 8.7, which was a -29.4% change from the previous filing. Companies in the same sector and market capitalization will usually be affected by up to 3.9 percent by this parameter. Their free cash flow situation is more concerning relative to their peers and competitors. Consequently, their free cash flow movement received a grade of 46. However, one encouraging metric, Asset Turnover, stood out. Live Nation's published asset turnover numbers were encouraging and reflected management's balanced change strategy. Live Nation recorded asset turnover of 0.8, which represents a 40.5% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 2.7%. Its asset turnover metrics are especially remarkable relative to their peers. We believe the stock price has room to grow to reflect its intrinsic value accurately. Correspondingly, their asset turnover movement received a grade of 72. Therefore, the company's cash flow earned a grade of 55.

Parameter Value Change Score
Net Cashflow 1.8B -36.4% 56
Capital Expenditure -224.9M -17.5% 46
Asset Turnover 0.8 40.5% 72
Free Cashflow Per Share 8.7 -29.4% 46
* All values are TTM

The below chart describes Live Nation's performance as reflected on its cash flow with respect to its peers. While Live Nation received a cash flow score of 55, the average of its peers stands on 66.

  •  LYV
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
The Walt Disney Company 178.5B 72.0 58.0 70.0 74.0 71 0 1
Sea Limited 32.8B 45.0 66.0 45.0 45.0 47 1 1
Roblox Corporation 19.1B 58.0 40.0 40.0 60.0 49 2 1
Spotify Technology S.A. 15.3B 60.0 50.0 94.0 81.0 68 3 1
Tencent Music Entertainment Group 11.9B 61.0 71.0 74.0 66.0 63 4 1
Endeavor Group Holdings, Inc. 10.3B 64.0 49.0 50.0 76.0 61 5 1
World Wrestling Entertainment, Inc. 5.9B 59.0 48.0 42.0 81.0 57 6 1
Madison Square Garden Sports Corp. 4.0B 73.0 80.0 66.0 75.0 73 7 1
AMC Entertainment Holdings, Inc. 3.7B 53.0 52.0 51.0 95.0 58 8 1
Manchester United plc 3.6B 85.0 95.0 51.0 73.0 82 9 1
Lions Gate Entertainment Corp. 1.7B 50.0 72.0 97.0 60.0 59 10 1
Madison Square Garden Entertainment Corp. 1.7B 50.0 47.0 50.0 94.0 55 11 1
Cinemark Holdings, Inc. 1.6B 75.0 72.0 71.0 69.0 74 12 1
IMAX Corporation 945.4M 85.0 91.0 48.0 90.0 84 13 1
HUYA Inc. 653.8M 69.0 69.0 74.0 48.0 65 14 1
Eros International Plc 551.3M 74.0 81.0 56.0 78.0 78 15 1
The Marcus Corporation 511.7M 70.0 53.0 37.0 93.0 67 16 1
Skillz Inc. 411.4M 74.0 76.0 40.0 45.0 62 17 1
Netflix, Inc. 136.0B 83.0 97.0 89.0 51.0 81 18 1
Activision Blizzard, Inc. 57.9B 63.0 57.0 85.0 67.0 66 19 1
NetEase, Inc. 44.1B 74.0 78.0 64.0 68.0 72 20 1
Electronic Arts Inc. 36.1B 54.0 59.0 63.0 57.0 53 21 1
Warner Bros. Discovery, Inc. 27.7B 65.0 43.0 42.0 95.0 64 22 1
Take-Two Interactive Software, Inc. 17.7B 45.0 39.0 45.0 75.0 44 23 1
Warner Music Group Corp. 17.6B 76.0 93.0 67.0 60.0 74 24 1
Formula One Group 14.1B 70.0 41.0 37.0 58.0 59 25 1
Viacom Inc. 9.9B 64.0 48.0 72.0 62.0 60 26 1
Activision, Inc. 9.5B 96.0 92.0 55.0 62.0 73 27 1
Roku, Inc. 8.3B 56.0 37.0 43.0 77.0 52 28 1
Bilibili Inc. 6.8B 69.0 69.0 74.0 94.0 76 29 1
Playtika Holding Corp. 3.4B 51.0 51.0 81.0 45.0 50 30 1
iQIYI, Inc. 2.4B 85.0 86.0 41.0 78.0 79 31 1
SciPlay Corporation 1.9B 66.0 51.0 43.0 56.0 56 32 1
The Liberty Braves Group 1.7B 84.0 96.0 92.0 95.0 95 33 1
Nexters Inc. 1.3B 69.0 40.0 43.0 40.0 57 34 1
PLAYSTUDIOS, Inc. 542.9M 88.0 66.0 38.0 52.0 71 35 1
DoubleDown Interactive Co., Ltd. 441.5M 62.0 57.0 64.0 76.0 63 36 1
DouYu International Holdings Limited 415.9M 69.0 69.0 74.0 46.0 64 37 1
Reservoir Media, Inc. 406.8M 81.0 87.0 43.0 58.0 72 38 1
Gravity Co., Ltd. 288.9M 71.0 70.0 48.0 50.0 66 39 1
Loop Media, Inc. 225.0M 55.0 57.0 38.0 46.0 49 40 1

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