Live Nation Q2 profits fall YoY, but ticket revenue increases 10%
Live Nation’s ticketing income increased 10% in the second quarter of 2014, reaching $371 million, although overall profits fell 60% and total revenues dipped 1% year-on-year.
The company reported revenues of $1.67 billion and a profit of $22.9m in the last quarter - down from $58.1m profit at the same point last year.
Ticketing revenue was up 10% over the quarter to $371 million. The company said it sold more than 42m tickets through July, a 3% increase year-on-year.
Company ...
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