12:32 PM EST, 11/05/2025 (MT Newswires) -- Live Nation Entertainment ( LYV ) is expected to sustain strong double-digit growth in the coming years, driven by demand for live events and sponsorships, though softer ticketing expectations in the near term are weighing on margins, Morgan Stanley said Wednesday in a report.

Management expects adjusted operating income to grow at a double-digit percentage rate in 2025 and beyond, with early commentary suggesting 2026 is also tracking well, the report said.

Ticket sales and large-venue show counts are showing double-digit growth, and about two-thirds of 2026 sponsorship commitments are already booked, Morgan Stanley said.

The firm trimmed its Ticketmaster revenue estimates for 2026, citing a 3% to 4% drag from secondary-ticketing pressures and platform changes.

On Tuesday, Live Nation reported Q3 earnings that fell more than expected by analysts, while revenue trailed the market consensus.

Morgan Stanley cut its price target on Live Nation stock to $170 from $180 and maintained its overweight rating.

Live Nation shares fell 6% in recent Wednesday trading.

Price: 141.77, Change: -8.98, Percent Change: -5.96