SFX revenues soar in Q2 but net losses increase 78%
EDM promoter SFX saw its revenues grow by 199% YoY in the second quarter of 2014 but its net losses grew 78%.
The company’s revenues hit $82 million during the period, thanks mainly to the completed acquisition of assets that it didn’t have during the same period last year.
Its losses, however, hit $43.7 million over the same period.
75% of the company’s revenues came from live events that were promoted, produced or licensed by SFX. There were 228 over ...
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