Subtext

Live Nation Entertainment, Inc. LYV

SectorCommunication Services
Transcripts25
Date range2019-05-03 – 2025-05-01
Calls charted25

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-17-8+0+8+172019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12019 Q1 · Overall: +12.72019 Q2 · Overall: +14.62019 Q3 · Overall: +9.82019 Q4 · Overall: +7.92020 Q1 · Overall: -1.02020 Q2 · Overall: +3.22020 Q3 · Overall: +6.62020 Q4 · Overall: +7.92021 Q1 · Overall: +12.42021 Q2 · Overall: +7.82021 Q3 · Overall: +10.32021 Q4 · Overall: +7.52022 Q1 · Overall: +10.22022 Q2 · Overall: +8.42022 Q3 · Overall: +9.42022 Q4 · Overall: +7.12023 Q1 · Overall: +9.62023 Q2 · Overall: +2.72023 Q3 · Overall: +1.02023 Q4 · Overall: +5.92024 Q1 · Overall: -2.32024 Q2 · Overall: +1.92024 Q3 · Overall: +0.52024 Q4 · Overall: +2.22025 Q1 · Overall: +4.3
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-29-15+0+15+292019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12019 Q1 · CEO: +19.92019 Q2 · CEO: +25.52019 Q3 · CEO: +24.22019 Q4 · CEO: +16.12020 Q1 · CEO: +8.02020 Q2 · CEO: +7.22020 Q3 · CEO: +15.82020 Q4 · CEO: +12.62021 Q2 · CEO: +23.12021 Q3 · CEO: +18.62021 Q4 · CEO: +14.62022 Q1 · CEO: +16.92022 Q2 · CEO: +15.72022 Q3 · CEO: +15.72022 Q4 · CEO: +11.82023 Q1 · CEO: +14.42023 Q3 · CEO: +18.82023 Q4 · CEO: +15.82024 Q1 · CEO: +19.72024 Q2 · CEO: +6.12024 Q3 · CEO: +10.22024 Q4 · CEO: +13.42025 Q1 · CEO: +8.22021 Q1 · CFO: +16.12023 Q2 · CFO: +16.52023 Q3 · CFO: +3.92023 Q4 · CFO: +8.02024 Q1 · CFO: -5.12024 Q2 · CFO: +9.12024 Q3 · CFO: +5.22024 Q4 · CFO: +3.22025 Q1 · CFO: +10.9
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-31-15+0+15+312019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12019 Q1 · Prepared remarks: +16.22019 Q2 · Prepared remarks: +20.02019 Q3 · Prepared remarks: +10.32019 Q4 · Prepared remarks: +15.92020 Q1 · Prepared remarks: -5.52020 Q2 · Prepared remarks: +1.92020 Q3 · Prepared remarks: +11.12020 Q4 · Prepared remarks: +9.82021 Q1 · Prepared remarks: +15.72021 Q2 · Prepared remarks: +20.72021 Q3 · Prepared remarks: +15.82021 Q4 · Prepared remarks: +18.72022 Q1 · Prepared remarks: +16.92022 Q2 · Prepared remarks: +16.82022 Q3 · Prepared remarks: +15.52022 Q4 · Prepared remarks: +11.72023 Q1 · Prepared remarks: +13.92023 Q2 · Prepared remarks: -6.62023 Q3 · Prepared remarks: +0.02023 Q4 · Prepared remarks: -5.32024 Q1 · Prepared remarks: -26.82024 Q2 · Prepared remarks: -5.32024 Q3 · Prepared remarks: -4.62024 Q4 · Prepared remarks: -5.42025 Q1 · Prepared remarks: -5.52019 Q1 · Q&A responses: +13.42019 Q2 · Q&A responses: +17.72019 Q4 · Q&A responses: +0.52020 Q1 · Q&A responses: +4.52020 Q2 · Q&A responses: +6.02020 Q3 · Q&A responses: +8.02020 Q4 · Q&A responses: +11.62021 Q1 · Q&A responses: +17.42021 Q2 · Q&A responses: +7.62021 Q3 · Q&A responses: +14.32021 Q4 · Q&A responses: +9.52022 Q1 · Q&A responses: +15.92022 Q2 · Q&A responses: +10.62022 Q3 · Q&A responses: +11.62022 Q4 · Q&A responses: +9.22023 Q1 · Q&A responses: +13.82023 Q2 · Q&A responses: +9.12023 Q3 · Q&A responses: +8.72023 Q4 · Q&A responses: +12.82024 Q1 · Q&A responses: +6.62024 Q2 · Q&A responses: +9.62024 Q3 · Q&A responses: +7.92024 Q4 · Q&A responses: +8.62025 Q1 · Q&A responses: +9.5
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$-3.69$-0.52$2.662019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12019 Q1: $0.502019 Q2: $0.472019 Q3: $0.542019 Q4: $0.372020 Q1: $0.212020 Q2: $-3.252020 Q3: $-3.132020 Q4: $-2.042021 Q1: $-2.452021 Q2: $-1.432021 Q3: $-0.272021 Q4: $0.942022 Q1: $0.702022 Q2: $1.062022 Q3: $1.052022 Q4: $1.272023 Q1: $0.812023 Q2: $1.022023 Q3: $1.542023 Q4: $2.222024 Q1: $1.932024 Q2: $1.992024 Q3: $2.17

Forward P/E

29.02106.26183.492019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12019 Q1: 124.742019 Q2: 141.452019 Q3: 125.462019 Q4: 172.842020 Q1: 137.212020 Q2: 137.212021 Q4: 113.212022 Q1: 160.012022 Q2: 81.392022 Q3: 87.862022 Q4: 57.552023 Q1: 82.502023 Q2: 85.372023 Q3: 53.472023 Q4: 39.672024 Q1: 54.172024 Q2: 46.202024 Q3: 47.43

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2019 Q3 tone ↓ -4.9 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +4.1 fwd EPS ↓ -3.47 Tone rose while the forward EPS estimate was cut.
  • 2021 Q1 tone ↑ +4.5 fwd EPS ↓ -0.41 Tone rose while the forward EPS estimate was cut.
  • 2021 Q2 tone ↓ -4.6 fwd EPS ↑ +1.02 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -2.8 fwd EPS ↑ +1.21 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↑ +2.8 fwd EPS ↓ -0.24 Tone rose while the forward EPS estimate was cut.
  • 2022 Q4 tone ↓ -2.3 fwd EPS ↑ +0.22 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↑ +2.5 fwd EPS ↓ -0.46 Tone rose while the forward EPS estimate was cut.
  • 2023 Q2 tone ↓ -6.9 fwd EPS ↑ +0.21 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-01+4.3——View →
2024 Q42025-02-20+2.2——View →
2024 Q32024-11-11+0.5$2.1747.4View →
2024 Q22024-07-30+1.9$1.9946.2View →
2024 Q12024-05-02-2.3$1.9354.2View →
2023 Q42024-02-22+5.9$2.2239.7View →
2023 Q32023-11-02+1.0$1.5453.5View →
2023 Q22023-07-27+2.7$1.0285.4View →