Concerns over COVID “Omicron” Variant Cause Live Nation Stock Drop
A new variant of COVID has been deemed a “variant of concern” by the World Health Organization, sparking new fears of renewed restrictions on live event attendance and causing a sharp drop in stocks, including Live Nation (NYSE: LYV). The omicron variant has been detected in numerous countries since... Read more
Live Event Company Stocks Plummet As Market Woes Continue
All eyes are on the stock market as a period of uncertainty is dragging down share values. But as the S&P 500 dropped seven percent to begin the week, live event companies are particularly hurting with some stocks reaching 52-week lows. Live Nation Entertainment (LYV) neared a 52-week high... Read more
Live Nation (NYSE: LYV) Rides Secondary Market to Big Growth
As predicted, Live Nation (NYSE: LYV) showed a big growth driven in large part by the secondary market when it released its financial results for the second quarter on Wednesday evening. Overall, revenue was up 29%, operating income up 53%, and adjusted operating income (AOI) up 22%. These growth... Read more