As you get more comfortable setting up live events, you might want to save an event with all the same settings for future use.
With the option of repeating an event, you can create a new live event using the same settings such as schedule, identity and more. After you have decided on a name for the new event, simply press "Repeat this event" under After → Info and you will be redirected to the backend of this newly created event. Here you are free to make changes such as a new description, schedule etc.