LYV - Where Will Live Nation Be in 5 Years?
Ticketmaster parent company Live Nation Entertainment (NYSE: LYV) is having a rough time in 2020. The COVID-19 pandemic and efforts to mitigate it have shut down live events such as rock concerts and live sporting events around the world, essentially halting Live Nation's business operations. The company's second-quarter revenues came in 98% below the year-ago report. A net loss of $2.67 per share was the weakest bottom-line showing since the financial crisis of 2008.
Will Live Nation overcome this difficult period and post a full recovery over the next five years, or has the health crisis permanently damaged the company's business model?
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