(VIANEWS) – Shares of Live Nation Entertainment (NYSE: LYV) rose by a staggering 14.89% to $77.06 at 11:51 EST on Friday, after three sequential sessions in a row of losses. NYSE is jumping 1.42% to $15,331.74, after four consecutive sessions in a row of losses. This seems, as yet, an all-around bullish trend trading session today.
Live Nation Entertainment’s last close was $67.07, 37.21% under its 52-week high of $106.81.
About Live Nation Entertainment
Live Nation Entertainment, Inc. operates as a live entertainment company. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues; operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists. The Ticketing segment manages the ticketing operations, including the provision of ticketing software and services to clients for tickets and event information through its primary websites livenation.com and ticketmaster.com, as well as through other websites, mobile apps, retail outlets, and call centers; and provides ticket resale services. This segment sells tickets for its events and third-party clients in various live event categories; offers ticketing services for arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters. The Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertising, including signage and promotional programs; rich media offering that comprise advertising related with live streaming and music-related content; and ads across its distribution network of venues, events, and websites. This segment also manages the development of strategic sponsorship programs, as well as develops, books, and produces custom events or programs for specific brands. It owns, operates, or leases entertainment venues in North America and internationally. The company was formerly known as Live Nation, Inc. and changed its name to Live Nation Entertainment, Inc. in January 2010. Live Nation Entertainment, Inc. was incorporated in 2005 and is headquartered in Beverly Hills, California.
Earnings Per Share
As for profitability, Live Nation Entertainment has a trailing twelve months EPS of $0.63.
PE Ratio
Live Nation Entertainment has a trailing twelve months price to earnings ratio of 122.32. Meaning, the purchaser of the share is investing $122.32 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 72.61%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Live Nation Entertainment’s EBITDA is 395.95.
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