Live Nation narrows net loss in 2013 YoY
Live Nation Entertainment cut its net losses significantly in 2013 compared to the previous year.
While the promoter recorded net losses of $162 million in 2012, it posted a loss of just $36 million last year.
Revenues rose by 11% from $5.8 billion in 2012 to $6.5 billion in 2013.
The company’s sponsorship and advertising revenues reached $284.7 million – up 15% on 2012’s figure, while adjusted operating income stood at $194.8 million.
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