Live Nation Entertainment Reports Fourth Quarter And Full Year 2015 Results

We see growth continuing into 2016, and through February 19th, ticket sales are up another 5% year-on-year, driven by 18% growth in amphitheaters and 47% growth in stadiums.  We are confident we will again see strong growth in fan demand across our business this year.

Fans more than ever find the live experience, from club shows to stadiums, a top entertainment choice and the best way to celebrate their favorite artists and share the experience with other fans.  This, combined with an ongoing shift of consumer spending towards experiences, is helping drive the structural increase in demand for concerts globally.

Live Nation's Advertising Division Drives Growth in 2015

Our high-margin advertising business grew 17% in 2015 at constant currency, increasing both onsite and online advertising as we built our global sponsor base by 20% to almost 900 brands.  Onsite advertising drove the majority of our growth for the year, as we increased advertising per fan by 8% by continuing to develop new products for sponsors at our events, along with the benefit of high growth in our festivals.

We continued leveraging video content from our concerts, generating over 300 million views in 2015 on Live Nation web and mobile apps and through our distribution partners at Yahoo, Snapchat, YouTube and Apple.

We currently expect continued advertising AOI growth at historical levels in 2016, with over 60% of our budgeted advertising for the year already sold, and pacing ahead of last year at this time by double-digit levels.

Ticketmaster Delivers Record Year

For the fifth straight year, Ticketmaster grew its ticketing volume and gross transaction value, or GTV, with GTV up 12% at constant currency.  Delivering $25 billion in GTV, Ticketmaster continues to be one of the top global e-commerce sites, operating in 22 countries.

In 2015, secondary ticketing continued to be a major focus, now operating in 13 countries and delivering 34% growth in GTV for the year to $1.2 billion, at constant currency.  Fans have continued to say their main goal is simply to get a ticket to the show or game they want and as a result, integrated inventory conversion was 38% higher than primary only offerings.

As we focus on improving the fan buying experience, there continues to be a rapid shift to mobile devices as the preferred purchasing platform.  As of the end of 2015, over 21 million fans have downloaded one of our apps, a 37% increase over last year.  This drove a 20% increase in mobile ticket sales for the year to 21% of total tickets.

Entering 2016, the Ticketmaster marketplace is better positioned than ever as the ticketing leader in 16 countries.  We have grown our client base each year over the past five years, and combining the primary and secondary marketplaces has substantially increased the inventory available to fans.

We have heavily invested in online and mobile products to increase visits to our sites and conversion.  As a result, already in 2016 we have had three days selling over 900,000 tickets, placing them among the top 15 days of all time, setting us up to deliver robust growth in ticket sales for the year.

2016 Growth Drivers

As I have indicated, the key leading indicators for each of our businesses are up year-on-year into February, pointing to continued strong growth in 2016.  We plan on holding more concerts for more fans in more countries than ever before.  We expect to sell more advertising, both onsite and online.  And through continued product innovation at Ticketmaster, we plan on selling more tickets and driving increased conversion.

Over the last three years, we have grown AOI by 34% and free cash flow by 45%⁽¹⁾; and, we expect Live Nation to continue delivering this level of growth that we have demonstrated over the last several years.  We see the global live sector continuing to be very robust from a supply and demand perspective.

Live Nation continues to be the artist's number one choice for touring because we have an unparalleled live platform to service their concerts and drive ticket sales to their fans.  Combining a growing global industry with Live Nation's ability to grow its leadership position, we expect to continue driving long-term value for our shareholders.

Michael Rapino

(1) After adjusting for $26M in tax refunds received in 2012.

The company will webcast a teleconference today at 5:00 p.m. Eastern Time to discuss its financial performance. Interested parties should visit the "Events & Webcasts" section of the company's website at investors.livenationentertainment.com to listen to the webcast.  Supplemental statistical and financial information to be provided on the call, if any, will be available under the Reports section at the same link.  A replay of the webcast will also be available on the Live Nation website.

About Live Nation Entertainment:

Live Nation Entertainment, Inc. (NYSE: LYV), or Live Nation, is the world's leading live entertainment company comprised of global market leaders: Ticketmaster, Live Nation Concerts, Live Nation Media & Sponsorship and Artist Nation Management. For additional information, visit investors.livenationentertainment.com.

FINANCIAL HIGHLIGHTS – 4th QUARTER
(unaudited; $ in millions)
	Q4 2015 Constant Currency				Q4 2014				Growth			Q4 2015 Reported
Revenue
Concerts	$	1,133.2			$	966.8			17	%		$	1,081.5
Ticketing	496.9				445.7				11	%		477.6
Artist Nation	133.1				106.7				25	%		131.7
Sponsorship & Advertising	76.9				69.4				11	%		74.0
Other & Eliminations	(28.1)				(16.7)				(68)	%		(28.0)
	$	1,812.0			$	1,571.9			15	%		$	1,736.8
Adjusted Operating Income (Loss)
Concerts	$	(46.8)			$	(66.7)			30	%		$	(49.9)
Ticketing	102.7				93.7				10	%		97.8
Artist Nation	28.4				17.9				59	% Werbung Mehr Nachrichten zur Live Nation Entertainment Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 28.04.24 - dpa-AFX Firmenchef-Umfrage: Über 70 Prozent fürchten Cyber-Angriff 28.04.24 - wallstreet:online ... Earnings kommende Woche: Diese Aktien haben Wall-Street-Erwartungen rasiert und könnten steigen! 28.04.24 - The Motley Fool Der Wert von Bayer Leverkusen: Wird jetzt auch die Bayer-Aktie zum Champion? Biotech-Einhorn!    Ist das die nächste Milliarden-CBD-Übernahmestory? weiterlesen» Anzeige wo-site-teaser-box-16782_site-teaser-box_2024-04-28_09%253A00%253A00_2024-04-29_09%253A00%253A59