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.
Summary
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Live Nation: What A Performance For FY23, Reiterate Long