That's a good data point, the market is surprisingly small which could account for lack of competition. But the last annual report has the ticketing org alone at 37% EBITDA margin [1] (they call it AOI). No expert on benchmarking this # but wouldn't say they're not milking it.
37% EBITDA is in line with APPL (31%) and relatively low when you consider that APPL produces a ton of actual physical goods.
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).
bombcar|3 years ago
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).
lotsofpulp|3 years ago
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?