LYV - Live Nation rises 8% a rare stock gainer after sunny earnings report

Live Nation Entertainment (NYSE:LYV) is among the very few gainers in the S&P 500 today in the wake of Russia's invasion of Ukraine. It's a sea of red across stocks in all sectors, now including even energy, but Live Nation is up 8% after its revenue surprised to the upside in the fourth quarter, and the promoter predicted a broad comeback for concertgoing. After a hard hit in the COVID-19 pandemic, Live Nation says all divisions are back on a growth trajectory. Ticketing delivered its best quarter ever, with the demand driving the quarter's operating income to more than double (up 118%), adjusted operating income up 62%, and gross transaction volume 20% higher than Q4 in 2019 (pre-pandemic). "The year started in the midst of the pandemic, but by summer fans were returning to shows, and by the end of the year, we had a record pipeline of concerts, ticket sales and

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Live Nation rises 8%, a rare stock gainer after sunny earnings report