reported revenue of $7.7 billion, down 6 percent from the same period a year ago, and operating income of $640 million for the third quarter, down 2 percent, as the ticketing and promotion company predicts more concert momentum heading into 2025.
Still, Live Nation was bullish about its momentum. In the third quarter, the company reported its highest concerts profitability with adjusted operating income of $474 million, up 39 percent from the prior year. Venue Nation fans spent more on-site with double-digit increases in on-site spending per fan at major festivals and up 9 percent at amphitheaters year-to-date.
Overall, tickets sold globally in September and October were up over 20 percent year-over-year, reflecting continued strong demand.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »