Live Nation Sees FY23 117M Tickets Sold
Portfolio Pulse from Benzinga Newsdesk
Live Nation (LYV) expects a record 2023 with over 117 million tickets sold year-to-date, up 20% YoY. Ticketmaster sales are also expected to hit a record with 151 million fee-bearing tickets sold year-to-date, up 22% YoY. The company is on track to manage 600 million tickets including selling 300 million fee-bearing tickets this year. Sponsorship is expected to contribute to double-digit operating income and AOI growth.
July 27, 2023 | 8:46 pm
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POSITIVE IMPACT
Live Nation's strong ticket sales and expected record performance in 2023 could positively impact its stock price.
The news of Live Nation's record ticket sales and expected strong performance in 2023 indicates a strong demand for its services. This could lead to increased revenues and profitability, which could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100