Live Nation's revenue beats estimates as boom in concerts drive ticket sales [Yahoo! Finance]
Live Nation Entertainment, Inc. (LYV)
Last live nation entertainment, inc. earnings: 10/31 04:01 pm
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Source: Yahoo! Finance
High ticket prices amid rising demand for live events, at a time when more performers are gearing up for concerts, have benefited companies such as Live Nation. Revenue rose 21% to $3.80 billion for the first quarter ended March 31, beating estimates of $3.26 billion, according to LSEG data. The total estimated events rose about 13% from a year earlier to 11,203, while total estimated fans stood at 22.9 million, compared with 18.9 million a year earlier. Ticket sales reached an estimated total of about 155 million in the first quarter, compared with 145.5 million a year earlier. The company's concert business comprising merchandise sales and the production of live music events generated $2.88 billion, making up the bulk of its overall revenue, followed by $723.2 million from ticketing. The Beverly Hills, California-based company's loss per share in the reported quarter was 53 cents, compared with estimates for a loss of 18 cents per share. (Reporting by Jaspreet Singh in
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LYV
Earnings
- 5/2/24 - Miss
LYV
Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/29/24 - Form ARS
- LYV's page on the SEC website