Live Nation Entertainment Inc. has seen its stock price go up by more than 36% over the last year.

The Beverly Hills concert promoter and ticket seller’s stock price closed at 92.21 on April 16 of last year, which increased to $125.46 the same date this year. Since the start of the year, when the price closed at $129.23, it has lost just about 3% of its value. That’s less of a decline than seen by the stock market as a whole.

The Dow Jones, for example, has dropped by nearly 6.5% since the start of the year, with most stocks declining a bit this year. For the 52-week period between April 16 of last year and this year, though, the market was up by about 5%.

Live Nation’s stock closed at $127.22 on April 17.

Full year finances

Last year Live Nation had net income of $896 million ($2.74 a share), compared to net income of $557 million ($1.34) in the previous year. Revenue increased by 2% from the prior year to $23.2 billion.

Live Nation Chief Executive Michael Rapino said that last year was a good one for the company and that this year was shaping up to be even better, thanks to a large concert pipeline with more stadium shows on the books than ever before.

“To help artists perform to fans everywhere, we remain focused on building new music-centric venues, which make more live music memories possible and help drive our double-digit operating income and (adjusted operating income) growth in 2025, and compound at this level for years to come,” Rapino said in a statement. “At the same time, we’re investing back into the industry for those who create the music, as our investments in artists have more than doubled in the last five years, and we will continue to find new ways to support them while enhancing the fan experience.”

Comprised of three divisions – Ticketmaster, Live Nation Concerts, Live Nation Sponsorship – Live Nation annually issues over 500 million tickets, promotes more than 35,000 events, partners with over 1,000 sponsors and manages the careers of more than 500 artists. Its ecommerce sites average 80 million unique monthly users, according to the company.

Status of antitrust lawsuit

During a conference call with analysts to discuss last year’s financials, one asked about the Justice Department’s case against the company and its Ticketmaster subsidiary over antitrust allegations.

“Are there any updates you can give on just the trial in terms of timing or kind of notable dates to be aware of?” asked J.P. Morgan Equity Research senior analyst David Karnovsky.

Joe Berchtold, the chief financial officer of Live Nation, said the trial process continues to move along with the target of early next year for a trial date.

“We’ve said in the (Biden) administration, there was really no interest in any discussion on settlement. So, we’re hoping that this DOJ returns to a more traditional approach and is open, because they don’t own it in the same way, to those discussions,” he continued. “But we haven’t had any discussions yet…(so) nothing really, substantively new.”