Live Nation Entertainment Inc at Goldman Sachs Communacopia Conference Transcript

Sep 18, 2019

Sep 18, 2019 / 04:25PM GMT
Andrew M. Borst - Goldman Sachs Group Inc., Research Division - VP

Thank you, everyone, for joining us. I'm pleased to welcome to the stage, Michael Rapino, who is President and CEO of Live Nation, which, this year, will promote over 38,000 shows in 40 countries and deliver tickets to over 500 million fans through Ticketmaster.

You have this great slogan that every 16 minutes, there is a Live Nation Concert somewhere in the world. Underlying adjusted operating income has averaged 14% annual growth over the past 14 years, including our estimate for this year. Correspondingly, the Live Nation stock has tripled since 2016, doubling the return of the S&P 500. So thank you very much for joining us today, Michael.

Michael Rapino - Live Nation Entertainment, Inc. - President, CEO & Director

Thank you.

Questions and Answers:

Andrew M. Borst - Goldman Sachs Group Inc., Research Division - VP

This type of consistent and strong profit growth certainly doesn't happen by accident. Can you talk a little bit

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