Live Nation Revenue Up, Loss Shrinks In Q1
May 8, 2013

Live Nation Entertainment has reported its Q1 results for 2013, with revenue up 6.4 percent to $923.7 million, surpassing Wall Street's expectations. Concert revenue was up 14.4 percent to $513.5 million. Live Nation still reported a net loss in Q1 '13 of $63.2 million, down from its $69.2 million net loss a year ago.

During the quarter, Live Nation put on 4,880 events worldwide with a total estimated audience of almost 8.1 million people. In Q1 2012, there were 4,805 events with approximately 7.2 million in attendance.

"We are pleased with our first quarter revenue growth of 6% as compared to last year, driven by a 12 percent increase in concert attendance. This good start to the year reaffirms the strength and stability of our platforms heading into 2013, and through April 2013, our concert ticket sales for all events this year are up 26 percent and Ticketmaster ticket counts for events in 2013 are up 8 percent relative to this point last year," said Michael Rapino, President/CEO of Live Nation Entertainment. "These ticket volumes, along with the progress on our strategic initiatives across Concerts, Sponsorship & Advertising and Ticketing give us even greater confidence we will deliver our overall growth plans for 2013."




 
Breaking News
eQB NOW
The Week In Review: 7/28-8/1
Jody Gerson To Become Chairman And CEO Of Universal Music Publishing Group
Entercom San Francisco Launches the New Q102, The Beat of the Bay
Apple Closes Deal For Beats
Jacobs Media Announces "Radio's Most Innovative"
In Brief - August 1, 2014
July 31, 2014
Scripps, Journal Merging Broadcast Operations, Spinning off Newspapers
New Research From Coleman Insights And knowDigital Finds Strong Demand For NextRadio
Cumulus Announces Multi-Platform News Service Powered by CNN Newsgathering Resources
In Brief - July 31, 2014
July 30, 2014
Nielsen Reports Second Quarter 2014 Results
WRQX's Marc Orem Named Cumulus' "CBOS Star of the Week"
In Brief - July 30, 2014
FMQB FYI... Links You Should Know About
July 29, 2014
SiriusXM Reports Second Quarter 2014 Results
Do It For Kidd
In Brief - July 29, 2014
July 28, 2014
CCM+E Names Maynard SVP of Programming
Bob Rivers Ending Long-Running Morning Show
In Brief - July 28, 2014
July 25, 2014
eQB NOW
The Week In Review: 7/21-7/25
Pandora Reports Increase In Revenue, Net Loss In Q2
WRQX/Washington, D.C. Announces New Morning Show
Music News
RIAA Awards Diamond Album To 2Pac
Quick Hits: Jesse J / Ariana Grande / Nicki Minaj, Foo Fighters, Katy Perry, Michael Jackson, Janet Jackson, David Bowie, Slash featuring Myles Kennedy and the Conspirators
The Week In Review: 7/28-8/1
Lorde Pens New Hunger Games Song
Quick Hits: Katy Perry, Alicia Keys & Swizz Beatz, Enrique Iglesias & Pitbull, Sixx:A.M., Fitz and The Tantrums
5 Seconds Of Summer Debut At #1, Announce 2015 Tour
Quick Hits: Foo Fighters, Iggy Azalea, Virgin Free Fest, Maynard James Keenan
Lady Gaga & Tony Bennett Jazz Album Officially Announced
Quick Hits: Jessie J + Ariana Grande + Nicki Minaj, Muse, TV On the Radio, Hozier, Primus, Led Zeppelin
FMQB Retro-Active: Ken Sharp Gets Up Close with Graham Nash and Tom Petty
Quick Hits: Nicki Minaj, Fences / Macklemore & Ryan Lewis, Courtney Love / Kurt Cobain biopic, Wings, Bleachers
The Week In Review: 7/21-7/25
Quick Hits: Lil Wayne, Metallica, Pearl Jam, Lionel Richie
MTV Names Iggy Azalea New Host Of House Of Style
Quick Hits: Farm Aid 2014, Beyoncé, Ozzy Osbourne, Stevie Nicks
FMQB NOW

Tommy Chuck, PD
WFLZ/WMTX, Tampa

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!