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Friday, May 5, 2023

LIVE NATION STOCK SURGES

Live Nation’s stock rocketed 15% today following news of its stellar first quarter, closing the day at $77.15. The live entertainment giant, which reported record results from all divisions and revenue at $3.1b, up 73%, has a market cap of nearly $18b.

With live entertainment back in full swing for the first time in three years and ticket sales tracking far ahead of this point last year, LN topper Michael Rapino expects the company to “compound AOI by double digits for the foreseeable future.”

We’re not what you'd call market experts. But that’s good, right?

TAGS: Live Nation | Michael Rapino
LIVE NATION HAS THE TICKET FOR A BIG Q1
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