Ticketmaster owner sees sales rocket as concert demand surges
LYVLive Nation Entertainment(LYV) Proactive Investors·2024-02-23 16:14

Ticketmaster owner Live Nation Entertainment Inc (NYSE:LYV) exceeded fourth-quarter revenue expectations, driven by robust concert demand during the holiday season. Both advertising and ticket revenues surged during the period as the post-pandemic trend of consumers increasing their spending on leisure continued. Concerts from artists like Jennifer Lopez and Sean Paul are scheduled for 2024, but the company warned that growth will be more weighted to the second half. Total sales increased by 36% during the ...