Yes, it is possible to buy stock in Ticketmaster. Ticketmaster is a publicly traded company listed on the New York Stock Exchange under the ticker symbol LYV. Here is a quick overview of buying Ticketmaster stock:
About Ticketmaster
Ticketmaster is a global ticket sales and distribution company. It provides ticketing services for live events like concerts, sports games, theater shows, and more. Ticketmaster sells tickets through its website, mobile apps, and retail outlets. It also partners with venues, teams, and event organizers to be their official ticketing provider.
Some key facts about Ticketmaster:
- Headquartered in Beverly Hills, CA
- Originally founded in 1976
- Acquired by Live Nation in 2010
- Processes over 500 million ticket transactions per year
- Provides ticketing services for over 30,000 venues and clients globally
As the world’s largest ticket marketplace, Ticketmaster has a strong position in the live events industry. Its ticketing platforms and partnerships give it extensive reach and scale.
Buying Ticketmaster Stock
Since Ticketmaster is part of Live Nation Entertainment, you can buy stock in Ticketmaster by purchasing Live Nation (LYV) shares. Here are the steps to buy Live Nation stock:
- Find a stock brokerage or trading platform that allows you to buy stocks, such as Fidelity, E*TRADE or Charles Schwab
- Open an account with the brokerage if you don’t already have one
- Deposit funds into your brokerage account
- Enter a buy order for LYV – specify number of shares or dollar amount you want to purchase
- The broker will execute the trade and you’ll own Live Nation shares
Online brokerages make it easy to lookup stock tickers and place buy or sell orders with just a few clicks. You can buy any number of shares since LYV represents a fraction of Live Nation’s total stock. Stock prices fluctuate daily based on market demand.
Live Nation Stock Performance
Here is a quick overview of Live Nation’s stock performance over the past year:
| Metric | LYV |
|---|---|
| 52 Week High | $127.75 |
| 52 Week Low | $73.35 |
| 1 Year Change | +11.81% |
| Market Cap | $30.69 billion |
In the past year, Live Nation’s stock price has traded between a range of $73 to $128 per share. The stock is up nearly 12% over the past 12 months. Live Nation currently has a market capitalization over $30 billion.
Is Live Nation Stock a Good Buy?
For investors considering Live Nation stock, there are a few positive factors to note:
- Live Nation owns Ticketmaster and has a dominant position in ticketing services.
- The company is diversified across live events, ticketing, sponsorships, and artist management.
- As the world’s largest concert promoter, Live Nation benefits from the growth in live entertainment and events.
- Despite macroeconomic uncertainty, demand for concerts and ticketing remains strong.
However, there are also risks to consider:
- Live events are dependent on consumer discretionary spending which may decline in a recession.
- Live Nation faces competition from major tech players getting into ticketing like Amazon and PayPal.
- High inflation and supply chain issues create cost and margin pressure.
Overall, Live Nation’s stock could offer growth potential given the strength of its industry positioning and assets like Ticketmaster. However, the current environment poses demand and cost headwinds. Investors should analyze the risks before buying LYV shares.
Buying Ticketmaster Stock Through an ETF
Instead of buying shares directly, another option is to gain exposure to Ticketmaster stock through an ETF (exchange traded fund). Many ETFs hold Live Nation shares as part of their portfolio.
Some ETFs with Live Nation holdings include:
- iShares Global Comm Services ETF (IXP)
- Invesco Dynamic Leisure & Entertainment ETF (PEJ)
- First Trust Consumer Discretionary AlphaDEX ETF (FXD)
Investing in an ETF provides instant diversification. It spreads your investment dollars across dozens or hundreds of stocks in one fund. ETFs make it simple to get exposure to Live Nation alongside other entertainment, media, travel, and consumer discretionary stocks.
Risks of Buying Ticketmaster Stock
Although Live Nation is a leading player in live events and ticketing, there are risks associated with owning the stock:
- The company faces intense competition in ticketing. Amazon, PayPal, AEG, and more are targeting the space.
- Live events depend heavily on discretionary consumer spending. A recession could severely impact revenue.
- With high fixed costs, a decline in ticket sales translates into lower profit margins.
- Live Nation carries significant debt load that increases risk for investors.
- Like all stocks, LYV carries market risk from volatility and macroeconomic factors.
Conducting thorough due diligence is advised before buying Live Nation stock. Have a long-term horizon and only invest what you can afford to lose. Consider dollar cost averaging over time to get an average price over various market conditions.
Key Takeaways
- Ticketmaster is a subsidiary of Live Nation Entertainment, so you can buy Ticketmaster stock by purchasing LYV shares.
- Live Nation’s stock price has done well lately but still faces some growth headwinds.
- Owning Live Nation stock gives exposure to Ticketmaster’s large share of the global ticketing market.
- Alternatives like ETFs allow investing in Live Nation stock alongside other diversified assets.
- Carefully weigh the risks and growth drivers before deciding to buy Live Nation shares.