Joe Berchtold
President
Replay available
Live Nation Entertainment, Inc. (LYV) Q1 2025 Earnings Call
Live Nation Entertainment, Inc. (NYSE: LYV) Q1 2025 earnings conference call, held 2025-05-01. Replay captured from the company's public earnings webcast.
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Michael Rapino
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David Karnofsky
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Stephen Leszczyk
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Cameron Manson Perrone
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Peter Henderson
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Benjamin Soft
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Evercore ISI Analyst
Analyst, Evercore ISI
Investor webinar replay
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:05.079 seeing that those on sales and continued strength, particularly, as you noted, 00:00:05.079 -- 00:00:09.886 for April being up 22% globally through the first part. 00:00:09.886 -- 00:00:14.934 And we expect probably two-thirds of the Live Nation concert fan growth to be in 00:00:14.934 -- 00:00:17.558 the second half this year in 00:00:17.558 -- 00:00:21.064 terms of when the events actually take place and that fan growth happens. 00:00:21.064 -- 00:00:26.095 So you're seeing a bit of a just a little later Timing of those on sales and 00:00:26.095 -- 00:00:31.160 you've seen some huge on sales for Chris Brown Lady Gaga and others this month 00:00:31.160 -- 00:00:34.464 and then finally The 00:00:34.464 -- 00:00:39.489 one area that is also hitting Ticketmaster is FX this year All FX is rebounded 00:00:39.489 -- 00:00:42.292 for a lot of markets for Mexico and Latin America. 00:00:42.292 -- 00:00:44.274 It's still a headwind 00:00:44.274 -- 00:00:49.700 and Ticketmaster took about 60% of that headwind in q1 00:00:49.700 -- 00:00:55.048 in terms of its portion of the overall company's headwind and And we project it to be 00:00:55.048 -- 00:00:58.012 kind of two-thirds of the headwinds in Q2. 00:00:58.012 -- 00:01:03.220 So it's going to have a little bit of a reported impact in the short term. 00:01:03.220 -- 00:01:08.787 As you said, all of this is in the context of massive growth in deferred 00:01:08.787 -- 00:01:13.654 revenue for concerts and good double-digit growth in deferred revenue for Ticketmaster. 00:01:13.654 -- 00:01:17.980 So we're still confident we'll get some good growth out of Ticketmaster for the year, 00:01:17.980 -- 00:01:23.845 but we didn't see it play through in Q1 as much as we expected. 00:01:24.372 -- 00:01...