Live Nation Is Well Positioned Despite the Looming Antitrust Lawsuit

Live Nation is highly focused on live entertainment at venues ranging from intimate clubs to large stadiums. The firm controls over 338 concert venues that hosted over 50,000 events and 145 million fans in 2023. Ticketmaster, the firm’s ticketing platform, sold over 620 million tickets for over 10,000 clients in 2023. The firm is facing an antitrust lawsuit that seeks to break up the company's ticketing and concert promotions businesses, but we don't expect the outcome to have a material impact on operations or valuation.