Live Nation Reports Q4 Revenue of $5.68B, Beats by $12M, EPS of $0.56, Shares Fall 2%, Record Revenue $23.1B

Live Nation Entertainment reported its quarterly earnings, revealing a revenue of $5.68 billion, a decrease of 2.35% year-over-year, which surpassed analyst expectations by $12 million. The company also reported earnings per share (EPS) of $0.56, exceeding estimates by $1.59. Despite these positive earnings results, Live Nation's shares fell by 2% following the announcement. In addition, the company, which owns Ticketmaster and is currently facing antitrust scrutiny, is in discussions with Spotify, Apple, and Amazon to offer exclusive ticket access for 'super-tier' subscribers as part of Spotify's rumored paid add-on, Music Pro. Last year, Live Nation achieved record revenues of $23.1 billion, signaling strong performance in the live events sector.