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
Ajit Pai Officially Named New FCC Chairman
Sprint Acquires 33% Of Tidal
KHTS (Channel 933)/San Diego Names Ethan Cole New Nighttime Host
Alpha Media Moberly-Macon Names Mike Jenkins Market Manager
Beasley Media Group Tampa Bay Florida Introduces Playa 106.9, Salsa y Mas!
Hackers Hack Hot 995/Washington, DC
January 20, 2017
WMOV (Movin 107.7)/Norfolk Names Danny Meyers PD/Morning Host
WBFX (101.3 The Brew)/Grand Rapids Set To Debuts Roverís Morning Glory
WRVW and Promotion in Motion
January 19, 2017
Afternoons With Adam Bomb Debuts on Q100/Atlanta
Beasley Media Group Names Randy Bliss OM For Fayetteville Market
Beasley Media Group Expands Responsibilities For Urban PD Tap Money
Nadine Santos Promoted To Director/Programming & Artist Relations At Music Choice
UMG And Alex Da Kid Sign Multi-Faceted Agreement
Debra Green Takes Over Nights On WSRV/The River
January 18, 2017
Gregg Nadel Named President of Elektra Records
CBS Radio Rebrands KVIL And AMPs Up The Dallas-Fort Worth Market
KDND/Sacramento Is Looking For Next Night Superstar
January 17, 2017
Angi Taylor Joins The Rendezvous
Randy Savage Joins Cumulus As OM Wilkes Barre/Scranton, PA Cluster
Hubbard Radio Chicago Signs Eric & Kathy To Multi-Year Agreement
Jill Devine Signs Multi-Year Renewal At KYKY/St. Louis
January 13, 2017
Pandora Expects To Exceed Q4 2016 Guidance, Citing Subscription Momentum and RPM Growth
SiriusXM Launches "Hits 1 in Hollywood"
In Brief - January 13, 2017
Music News
Sasquatch Fest Lineup Led by Twenty One Pilots, Chance the Rapper & Frank Ocean
Quick Hits: The xx, Mumford & Sons, The 1975, The Decemberists, The Roches
Justin Timberlake, Britney Spears Among People's Choice Award Winners
Quick Hits: Adele, Train, Arcade Fire
Quick Hits: Grammy Lineup, Audioslave, Third Eye Blind
Maroon 5 Scores Their Ninth #1 Top 40 Hit
Quick Hits: Lollapalooza Paris, Metallica, Brit Awards, U2, Radiohead, George Harrison, Dave Matthews & Tim Reynolds
Quick Hits: Ed Sheeran, Ariana Grande, John Legend, Fifty Shades Darker, Trent Reznor
U2, Chili Peppers, The Weeknd & Chance the Rapper Headlining Bonnaroo
Quick Hits: Ed Sheeran, Prince
Quick Hits: Rocklahoma, Prince's Estate, Big Sean, Shaky Knees Music Festival, Spoon
U2 Announce Joshua Tree Anniversary Tour
Quick Hits: Panorama Festival, Green Day, Billboard 200, A Perfect Circle
Ed Sheeran Releases Two New Singles
Tool, Chance the Rapper & Phoenix Headlining Governors Ball
FMQB NOW

 

Question Of
The Week

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!