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Case Study

  • Submitted by: Abidama1
  • on April 1, 2014
  • Category: Arts and Music
  • Length: 5,549 words

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Below is a free excerpt of "Case Study" from Anti Essays, your source for free research papers, essays, and term paper examples.

LIVE NATION ENTERTAINMENT REPORTS FOURTH QUARTER AND FULL YEAR 2013 RESULTS

Full Year 2013 Results - Record Performance Concert Attendance Up 19% - Total Ticketmaster 400 Million Fans Delivering Over $17 Billion GTV 900 Million Fans Visit Ticketmaster, Creating User Database of 250 Million Fan Preferences Revenue Up 11% to $6.5 Billion AOI Increased 10% to $505 Million Moved to Profitability in Operating Income of $140 Million Adjusted Net Income Up $157 Million to ($7 Million) Reported Net Income Improved by $120 Million Free Cash Flow Up 9% to $300 Million Full Year Adjusted EPS Up $0.84 to ($0.04); Reported EPS Up $0.65 LOS ANGELES – February 24, 2014 – Live Nation Entertainment (NYSE: LYV) today released financial results for the three and twelve months ended December 31, 2013.

2013 Results We had a record year in 2013 and are well positioned for continued growth in 2014. During 2013, we further grew our unmatched concerts global fan base by 10 million fans, attracting almost 60 million fans to our concerts. This tremendous growth fueled our sponsorship and ticketing businesses with Ticketmaster managing nearly 400 million total tickets in 2013. Combined, we delivered a record year for revenue, AOI and free cash flow. Our results demonstrate the effectiveness of our business model, establishing Live Nation as what we believe to be the number one player in each of our businesses, with concerts driving our flywheel, which is then monetized across our high margin on-site, sponsorship and ticketing businesses.

Strong Fan Demand for Live Events We continue to see the tremendous power of live events, with strong global consumer demand. Research shows that live events are a high priority for discretionary spending, and over 80% of our fans surveyed indicate that they plan on attending the same or more events in 2014 as in 2013. Another sign of the strength of our business is that 85% of Live Nation’s fan growth came organically, from our promoting more shows...

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