Live Nation Shares Soar Following Record First Quarter Earnings Report

  • 📰 billboard
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The stock climbed 15% on Friday as the company beat consensus with over $3 billion in revenue and forecast a strong year ahead.

told investors on an earnings call that the company faced concerns about artist availability prior to the first quarter, only to see total show volume increase significantly over last year.

“Hopefully, we put that to bed,” he told investors. “We don’t think this has anything to do with pent-up demand or COVID rescheduling. That stuff has long been closed out in ’22. This is all about regular business and I think we’re thrilled to be sitting here today above and beyond last year’s numbers. It shows the global strength of the business from the amphitheater and the stadium to the club and the festival. We’re looking at all territories around the world and firing on all cylinders.

When it came to the availability of talent, Rapino said he had no concerns about the next generation of headliners, noting that “six of the top 10 artists were younger artists … there’s just a host of great new talent every year coming up, filling the pipe. We didn’t know

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 112. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lyft stock plunges nearly 15% on weaker than expected revenue forecast | CNN BusinessLyft may have a bumpy road ahead to recovery.
Source: CNN - 🏆 4. / 95 Read more »

Live Nation stock rallies 7% after narrower loss, company cites ‘incredible’ demand for live concertsShares of Live Nation Entertainment Inc. jumped nearly 7% in the extended session Thursday after the company reported a narrower-than-expected adjusted loss...
Source: MarketWatch - 🏆 3. / 97 Read more »