You will be redirected back to your article in seconds

Live Nation reports rising revenue

Quarterly report shows gains despite flat attendance levels

While concert attendance was flat during the first three months of 2011, Live Nation Entertainment saw a quarter-to-quarter increase in overall revenue in its first-quarter report, issued Thursday.

Attendance for the January-March quarter was 6.96 million, compared to 6.97 million reported in 2010.

However, the diversified entertainment company’s concert ticketing volume increased 12.8%, while ticketing for sporting events rose 17%.

Overall revenue increased 17.4% on a quarter-to-quarter basis, with concert revenue lofted 10.1% (to $449.3 million, from $408.1 million in the same quarter last year) and ticketing revenue up 41.7% (to $296.3 million, from $209.1 million during the same quarter in ’10).

Revenue from LNE’s Artist Nation management division witnessed a seasonal 22.3% quarterly drop.

Operating losses on the concert side diminished to $69.4 million, from $72.9 million in 2010’s Q1.

LNE president/CEO Michael Rapino said in a statement, “We believe that our business environment is starting to improve over last year and we’re encouraged with overall trends to date. Our healthy first quarter performance reflects improvement in ticket sales, solid growth in our sponsorship and e-commerce segments and our focus on carefully managing our costs. It’s still early in the year, but fans are responding well to our ticket pricing initiatives.”

More Music

  • Tom Jones Opens Up about Harassment

    Tom Jones Opens Up about Harassment and Abuse in the Music Industry

    While concert attendance was flat during the first three months of 2011, Live Nation Entertainment saw a quarter-to-quarter increase in overall revenue in its first-quarter report, issued Thursday. Attendance for the January-March quarter was 6.96 million, compared to 6.97 million reported in 2010. However, the diversified entertainment company’s concert ticketing volume increased 12.8%, while ticketing […]

  • CMT 'Artists of the Year' Lauds

    Jason Aldean, Luke Bryan, Chris Stapleton, More: Get to Know CMT's Artists of the Year

    While concert attendance was flat during the first three months of 2011, Live Nation Entertainment saw a quarter-to-quarter increase in overall revenue in its first-quarter report, issued Thursday. Attendance for the January-March quarter was 6.96 million, compared to 6.97 million reported in 2010. However, the diversified entertainment company’s concert ticketing volume increased 12.8%, while ticketing […]

  • Frank Ocean Defeats His Father’s ‘Super

    Frank Ocean Defeats His Father’s ‘Super Sad’ Libel Case

    While concert attendance was flat during the first three months of 2011, Live Nation Entertainment saw a quarter-to-quarter increase in overall revenue in its first-quarter report, issued Thursday. Attendance for the January-March quarter was 6.96 million, compared to 6.97 million reported in 2010. However, the diversified entertainment company’s concert ticketing volume increased 12.8%, while ticketing […]

  • Bailey Bryan

    Video Premiere: Bailey Bryan's Sultry Country Cover of Drake's 'Too Good'

    While concert attendance was flat during the first three months of 2011, Live Nation Entertainment saw a quarter-to-quarter increase in overall revenue in its first-quarter report, issued Thursday. Attendance for the January-March quarter was 6.96 million, compared to 6.97 million reported in 2010. However, the diversified entertainment company’s concert ticketing volume increased 12.8%, while ticketing […]

  • Springsteen on Broadway opening

    Bruce Springsteen Extends Broadway Run?

    While concert attendance was flat during the first three months of 2011, Live Nation Entertainment saw a quarter-to-quarter increase in overall revenue in its first-quarter report, issued Thursday. Attendance for the January-March quarter was 6.96 million, compared to 6.97 million reported in 2010. However, the diversified entertainment company’s concert ticketing volume increased 12.8%, while ticketing […]

  • Alicia Keyes

    Alicia Keys Returns to Coach Season 14 of 'The Voice'

    While concert attendance was flat during the first three months of 2011, Live Nation Entertainment saw a quarter-to-quarter increase in overall revenue in its first-quarter report, issued Thursday. Attendance for the January-March quarter was 6.96 million, compared to 6.97 million reported in 2010. However, the diversified entertainment company’s concert ticketing volume increased 12.8%, while ticketing […]

  • Justin Trudeau

    Canadian Prime Minister Justin Trudeau Pays Tearful Tribute to Tragically Hip Singer Gord Downie (Watch)

    While concert attendance was flat during the first three months of 2011, Live Nation Entertainment saw a quarter-to-quarter increase in overall revenue in its first-quarter report, issued Thursday. Attendance for the January-March quarter was 6.96 million, compared to 6.97 million reported in 2010. However, the diversified entertainment company’s concert ticketing volume increased 12.8%, while ticketing […]

More From Our Brands

Access exclusive content