It went public 2 weeks ago, shooting up and since falling. It's the worst starting week for an IPO since 2007. STUB is the kinder, gentler way to buy scalped tickets. Is not yet profitable on a GAAP basis, but free cash flow is positive. Problems: It delayed the IPO twice, from over a year ago. Since July 2024, their number deteriorated a lot, including growth slowing a lot to revenues growing only 3%. Free cash flow plunged 59% YOY in the first half of this year. So, the market is wait and see. Also, there are regulatory headaches--the FTC found that Live Nation engaged in unfair, deceptive fees, and just recently sued Live Nation and TIcketmaster for illegal resale tactics and deceiving artists and consumers about price limits. The CEO admits revenue could be down for the year.
It went public 2 weeks ago, shooting up and since falling. It's the worst starting week for an IPO since 2007. STUB is the kinder, gentler way to buy scalped tickets. Is not yet profitable on a GAAP basis, but free cash flow is positive. Problems: It delayed the IPO twice, from over a year ago. Since July 2024, their number deteriorated a lot, including growth slowing a lot to revenues growing only 3%. Free cash flow plunged 59% YOY in the first half of this year. So, the market is wait and see. Also, there are regulatory headaches--the FTC found that Live Nation engaged in unfair, deceptive fees, and just recently sued Live Nation and TIcketmaster for illegal resale tactics and deceiving artists and consumers about price limits. The CEO admits revenue could be down for the year.