Live Nation's maligned Ticketmaster becomes less profitable
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Live Nation Entertainment Inc's Ticketmaster reported a 17% revenue decline and a 33% drop in adjusted operating income in Q3, despite facing criticism over its dynamic pricing policies.
November 12, 2024 | 1:15 pm
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Live Nation Entertainment Inc's Ticketmaster reported a 17% revenue decline and a 33% drop in adjusted operating income in Q3, despite facing criticism over its dynamic pricing policies.
The significant decline in revenue and operating income suggests that Ticketmaster's business practices are not yielding higher profits, which could negatively impact Live Nation's stock price in the short term. The ongoing criticism over pricing policies adds to the negative sentiment.
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IMPORTANCE 80
RELEVANCE 100