Stephen Laszczyk's questions to Live Nation Entertainment Inc (LYV) leadership • Q3 2024
Question
Stephen Laszczyk asked about the 2025 outlook for the sponsorship business, including potential high-growth verticals, and sought details on the Q4 Concerts segment AOI, particularly regarding marketing spend for upcoming on-sales.
Answer
President and CEO Michael Rapino stated that sponsorship is expected to continue its double-digit growth trajectory, driven by global expansion and the secular shift to experiential marketing. President and CFO Joe Berchtold added that while Q4 will see a double-digit rise in marketing spend, he expects full-year 2024 concert margins to be similar to 2019 levels.