Thursday, 5 May 2016

Live Nation up 10% in Q1 2016

Live Nation has reported a 10% rise in Q1 revenue at constant currency to $1.2 billion, thanks to strong performance across its concerts, advertising and ticketing businesses. Operating loss stands at $33bn for the quarter, and the firm expects to deliver record top line and bottom line results in 2016. Concert ticket sales are up 10% in Q1, with over 35 million sold. 21 of the top 25 global tours in 2016 were Live Nation's, including BeyoncĂ©, Coldplay, Guns N’ Roses, Rihanna and Drake, driving a 13% increase in confirmed stadium, arena and amphitheater shows.

No comments:

Post a Comment