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Stock impact report

A Look Back at Leisure Facilities Stocks' Q4 Earnings: Live Nation (NYSE:LYV) Vs The Rest Of The Pack [Yahoo! Finance]

Live Nation Entertainment, Inc. (LYV) 
Last live nation entertainment, inc. earnings: 10/31 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Leisure facilities companies often sell experiences rather than tangible products, and in the last decade-plus, consumers have slowly shifted their spending from "things" to "experiences". Leisure facilities seek to benefit but must innovate to do so because of the industry's high competition and capital intensity. The 10 leisure facilities stocks we track reported a weaker Q4; on average, revenues beat analyst consensus estimates by 3.4% while next quarter's revenue guidance was 21.6% below consensus. Valuation multiples for growth stocks have reverted to their historical means after reaching highs in early 2021, but leisure facilities stocks held their ground better than others, with the share prices up 11.1% on average since the previous earnings results. Live Nation (NYSE:LYV) Owner of Ticketmaster and operator of music festival EDC, Live Nation (NYSE:LYV) is a company specializing in live event promotion, venue management, and ticketing services for concerts and shows. L Show less Read more
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