Live Nation Entertainment Inc
LYV: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $594.00 | Gtwwjp | Pzzxjbyhb |
Live Nation Set Up for Record 2023; Concert Flywheel Running at Full Speed
Business Strategy and Outlook
Live Nation is highly focused on live entertainment at venues ranging from intimate clubs to large stadiums. The firm controls over 338 concert venues that hosted over 43,000 events and 121 million fans in 2022. Ticketmaster, the firm’s ticketing platform, sold over 550 million tickets for over 12,000 clients in 2022. The firm is on pace to exceed prepandemic 2019 revenue levels in each of its three segment (concerts, ticketing, and sponsorship), and we project growth beyond precoronavirus levels over the next five years.