Live Nation posts Q3 profit

Live Nation Entertainment  have surprised the market by announcing a Q3 2015 profit. Revenues were up 10% to $2.62 billion and the compay had a net $89 million profit. Concert revenues were up 9% and attendance up 10%, driving growth in advertising and ticketing revenues. Ticketmaster reported a 22% increase in secondary ticketing activities with overall ticketing activities up 18%.