Investors may want to pay close attention to Live Nation Entertainment (LYV).

The stock took some massive hits in 2022, especially on a Department of Justice investigation into its sales process with Taylor Swift tickets, and calls to split up Live Nation and Ticketmaster. But it appears most of the madness has been priced into the stock now trading at $71.77 a share.  From here, we’d like to see the stock rally back to $91 near-term.

Helping, famed music producer, and LYV director, Jimmy Iovine just bought $1 million worth of LYV stock on December 1 at an average price of $73.28. 

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Better, fan demand for concerts has led to impressive earnings growth.  “With this demand, revenue was up over 60% relative to Q3 of 2019, with each division up at least 30%.  Operating Income was up 95% to $506 million, with all divisions up at least 60% and AOI was up 45% to $621 million, with all divisions up at least 25%. As we expected, our performance this quarter was led by our concert business, which held 11 thousand concerts for 44 million fans across nearly 50 countries.  As a result, we generated over $5 billion of revenue and $281 million of AOI for the quarter, up 67% and 44% respectively, relative to Q3 2019.”

With earnings, pullbacks, and news of a massive insider buy from a famed music producer, weakness in LYV may be a great opportunity.


Ian Cooper