They are worth $16 billion (or about 1/4th an Elontwitter).
They had revenue of $6 billion and made a EBITDA of $573m.
So disruption of the Ticketmaster monopoly is going to result in $500 million? Perhaps?
They don't seem to be printing money as much as everything thinks they are. Someone could buy LYV and show people how you really milk a market to death.
[1] https://d1io3yog0oux5.cloudfront.net/_6fc34851c72a6087b32b93... p47
It seems that companies that go much above 35% start "investing" in stupid shit (FB hit 50% EBITDA margin in 2018 and then went nuts with Meta, dragging themselves back down to the 30s).
I'd say that these are rookie numbers and they could get that stuff to 50% or more (though some of it they wash into the venue and book on another part of the ledger).
https://www.macrotrends.net/stocks/charts/LYV/live-nation-en...
Why are investors buying its stock? Do they want to capture more of the market before they start ratcheting up prices?