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The company has been benefiting from pent-up demand for live events and strong ticket sales in the both United States and the U.K. With vaccine rollouts in Canada and Europe, more markets are expected to open, which should lead to more sales.
LYV had $4 billion in cash as of the most recent quarter, compared to only $46 million in short-term debt. However, the company has a negative profit margin. In terms of growth, the company reported a loss per share of 90 cents, but this was an improvement from the prior year’s $2.67 loss per share.
