[bombcar]

Let's see. LYV is the parent company (including venues, etc).

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.

[jnac]

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.

[1] https://d1io3yog0oux5.cloudfront.net/_6fc34851c72a6087b32b93... p47

[bombcar]

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).

[lotsofpulp]

Livenation has a zero percent profit margin for 10+ years.

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?