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Live National Entertainment (NYSE: LIE) third quarter 2022 results
Key Financial Results
- Revenue: $6.15 (up 128% from Q3 2021).
- Net income: $331.5 million (up $288.9 million from the third quarter of 2021).
- Profit margin: 5.4% (up from 1.6% in Q3 2021). Margin growth was driven by higher revenue.
- Earnings per share: $1.47 (up from $0.20 in Q3 2021).
All data shown in the table above is for the last 12 months (TTM) period
Live Nation Entertainment revenue and earnings beat expectations
Revenue beat analyst estimates by 21%. Earnings per share (EPS) also beat analysts’ expectations by 31%.
Looking ahead, revenue is expected to grow at an average annual rate of 5.8% over the next 3 years, compared with a projected growth rate of 9.5% for the US entertainment industry.
Performance American entertainment industry.
Shares of the company are down 12% from a week ago.
Risk Analysis
you should know 2 Warning signs We found at Live Nation Entertainment.
Valuation is complicated, but we’re helping make it simple.
find out if Live National Entertainment May be over or underestimated by viewing our comprehensive analysis, which includes Fair Value Estimates, Risks and Warnings, Dividends, Insider Trading and Financial Condition.
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This article by Simply Wall St is general in nature. We provide commentary based solely on historical data and analyst forecasts using an unbiased methodology and our articles are not intended to provide financial advice. It does not constitute advice to buy or sell any stock and does not take into account your objectives or your financial situation. Our goal is to bring you long-term focused analytics driven by fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Wall Street has no positions in any of the stocks mentioned.
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