Live Nation Entertainment, Inc. (NYSE:LYV) Q3 2024 Earnings Conference Call November 11, 2024 5:00 PM ET

Company Participants

Amy Yong - Investor Relations
Joe Berchtold - President and Chief Financial Officer
Michael Rapino - President and Chief Executive Officer

Conference Call Participants

Brandon Ross - LightShed Partners
David Karnovsky - JPMorgan
Stephen Laszczyk - Goldman Sachs
Cameron Mansson-Perrone - Morgan Stanley
Peter Henderson - Bank of America
David Katz - Jefferies
Peter Supino - Wolfe Research

Operator

Good afternoon. My name is John and I'll be your conference operator today. At this time, I would like to welcome everyone to Live Nation's Third Quarter 2024 Earnings Call.

I would now like to turn the call over to Ms. Yong. Thank you, Ms. Yong. You may begin your conference.

Amy Yong

Good afternoon and welcome to the Live Nation third quarter 2024 earnings conference call. Joining us today is our President and CEO, Michael Rapino; and our President and CFO, Joe Berchtold.

We would like to remind you that this afternoon's call will contain certain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ, including statements related to the company's anticipated financial performance, business prospects, new developments, and similar matters.

Please refer to Live Nation's SEC filings, including the risk factors and cautionary statements included in the company's most recent filings on Forms 10-K, 10-Q, 8-K for a description of risks and uncertainties that could impact the actual results.

Live Nation will also refer to some non-GAAP measures on this call. In accordance with the SEC Regulation G, Live Nation has provided definitions of these measures and a full reconciliation to the most comparable GAAP measures in our earnings release. The release reconciliation can be found under the Financial Information section on Live Nation's website.

With that I'll turn it over to Joe for brief remarks.

Joe Berchtold

Thank you, everyone, for joining our quarterly conference call. I think we'll go right into questions on the release. And as everybody knows, we have our investor presentation coming up Wednesday and then again on Thursday.

Question-and-Answer Session

Operator

Thank you. At this time, we will be conducting the question-and-answer session. [Operator Instructions] One moment while we poll for questions. And the first question comes from the line of Brandon Ross with LightShed Partners. Please proceed with your question.

Brandon Ross

Hi. Thanks for the questions. First, you gave a lot of very positive forward-looking indicators in the release. I was hoping you could help us think about how that's eventually going to flow through the P&L. And I guess on the Ticketmaster side, it's been a tough year. Assume that outlook on stadiums is going to reverse that trend, but how will that look over Q4, Q1 and next year from a timing perspective? And then on Concerts, it was a big margin year. Can that continue next year in addition to the obvious topline growth that the indicators are showing?