SFX Entertainment's net loss rises 36% despite revenue increase
A 48.3% year-on-year revenue increase to $121.1 million failed to prevent EDM promoter SFX Entertainment’s net loss rising by 36.2% to $48m in the second quarter of 2015.
Live revenue of $106.7m made up 88.1% of total revenue for the three months ending June 30.
SFX held a total of 267 festivals and events in the period, attracting more than 1.38m total attendees. Pro forma festival attendance rose 37.7% to 1.1 million during the second quarter of 2015 from 780,000 ...
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