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LYV - Live Nation: What A Performance For FY23 Reiterate Long
Live Nation Entertainment Inc.
2024-03-18 14:35:20 ET
Summary
Live Nation exceeded revenue expectations for FY23, with strong growth in all segments, particularly in the North American concert segment.
The outlook for FY24 is positive, with indicators suggesting continued high single-digit growth, including strong ticket sales and increasing sponsorship deals.
LYV's investment in operated venues is expected to provide margin growth potential and control, although there is a risk of high decremental margins if demand decreases.