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Live Nation First-Quarter Revenue Climbs As Concert Demand Rises

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The company, which owns Ticketmaster, has sold close to 90 million tickets for concerts this year, which is up 20 percent from this time last year.

The company reported total first-quarter revenue of $3.1 billion, up from $1.8 billion a year earlier and above analyst expectations. Concerts brought in $2.3 billion of that revenue, up from $1.2 billion, while ticketing increased to $678 million, from $480 million. Live Nation reported a loss of 25 cents per share, compared to a loss of 39 cents per share the prior year.

This comes as the company was able to operate in all of its market worldwide for the first time in three years . The company sold more than 145 million tickets in its first quarter.

 

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