Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Live Nation Jumps as Profit Beats Estimates on Concerts

Aug. 6 (Bloomberg) -- Live Nation Entertainment Inc., the largest concert promoter and ticket seller, jumped in extended trading after reporting second-quarter profit that beat analysts’ estimates on increased concert sales.

The shares rose 6.2 percent to $17.33 at 4:55 p.m. New York time, after slipping 1.9 percent to $16.32 at the close.

Adjusted operating income rose 9.5 percent to $159.9 million, from a year earlier, the Beverly Hills, California-based company said in a statement today. Analysts on average had estimated $146.8 million, according to data compiled by Bloomberg.

The company has sought to boost revenue and extract more profit from its ticketing division as well as minimizing loss-making concerts. Revenue from concerts rose 11 percent while ticketing sales rose 2.7 percent.

Net income for the quarter ended in June rose to $58.1 million, or 30 cents a share, from $7.69 million, or 4 cents, a year earlier. Revenue rose to $1.68 billion from $1.55 billion, ahead of the $1.63 billion average estimate of analysts.

To contact the reporter on this story: Cliff Edwards in San Francisco at

To contact the editor responsible for this story: Anthony Palazzo at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.