×

Live Nation Posts Solid Second-Quarter Earnings

Live Nation, the world’s largest live-entertainment company, announced its Q2 2017 financial report Wednesday afternoon, and it showed revenue increasing 29% over the same quarter in 2016 to $2.8 billion, with operating income up 53% to $113 million, and adjusted operating income (AOI) rising 22% to $221 million.

Live Nation President/CEO Michael Rapino was predictably upbeat, “2017 is on track to be another year of growth and record results for the company. Our key indicators for our businesses — concert tickets sold for shows this year, contracted sponsorship, and fee-bearing ticketing GTV — are all pacing double digits ahead of last year and as a result we expect each of our businesses to deliver record revenue, operating income and AOI this year.”

The company announced it has already sold 68 million tickets through July, up 22% over the same time last year.

Sponsorship and advertising revenue was at $124.6 million, up 31% over Q2 2017, while Ticketmaster fee-bearing ticketing gross transaction value (GTV) is up 9% for the quarter to $486.4 million.  Year-to-date (six months), ticketing is up 15% overall, with gains of 20% in operating income and 13% in AOI.

Added Rapino, “Our Ticketmaster results are validating our dual strategy of delivering an effective marketplace for fans to buy tickets while providing a great software solution to venues, teams and artists looking to maximize the value of their events. By continuing to do so effectively, I expect us to again deliver high-single-digit growth in ticketing operating income and AOI this year.”

 

 

More Music

  • U2

    U2 on Track for One of the Highest-Grossing Tours of 2018

    Live Nation, the world’s largest live-entertainment company, announced its Q2 2017 financial report Wednesday afternoon, and it showed revenue increasing 29% over the same quarter in 2016 to $2.8 billion, with operating income up 53% to $113 million, and adjusted operating income (AOI) rising 22% to $221 million. Live Nation President/CEO Michael Rapino was predictably […]

  • Three Great New Narrative AR and

    New AR/VR Worth Watching This Week: 'Crow,' 'Wonderscope,' 'Age of Sail'

    Live Nation, the world’s largest live-entertainment company, announced its Q2 2017 financial report Wednesday afternoon, and it showed revenue increasing 29% over the same quarter in 2016 to $2.8 billion, with operating income up 53% to $113 million, and adjusted operating income (AOI) rising 22% to $221 million. Live Nation President/CEO Michael Rapino was predictably […]

  • Daniel GlassUJA-Federation of New York's Music

    Glassnote Music Strikes Strategic Partnership With Kobalt’s AWAL

    Live Nation, the world’s largest live-entertainment company, announced its Q2 2017 financial report Wednesday afternoon, and it showed revenue increasing 29% over the same quarter in 2016 to $2.8 billion, with operating income up 53% to $113 million, and adjusted operating income (AOI) rising 22% to $221 million. Live Nation President/CEO Michael Rapino was predictably […]

  • The Chainsmokers Production Company

    Chainsmokers Drop New Song Called ‘Beach House’; Beach House Has No Comment

    Live Nation, the world’s largest live-entertainment company, announced its Q2 2017 financial report Wednesday afternoon, and it showed revenue increasing 29% over the same quarter in 2016 to $2.8 billion, with operating income up 53% to $113 million, and adjusted operating income (AOI) rising 22% to $221 million. Live Nation President/CEO Michael Rapino was predictably […]

  • David Foster Gets Back Into Production

    Fostering Michael Bublé’s Star Power: A Retired Super-Producer Steps Back In

    Live Nation, the world’s largest live-entertainment company, announced its Q2 2017 financial report Wednesday afternoon, and it showed revenue increasing 29% over the same quarter in 2016 to $2.8 billion, with operating income up 53% to $113 million, and adjusted operating income (AOI) rising 22% to $221 million. Live Nation President/CEO Michael Rapino was predictably […]

  • Crazy Love Michael Buble

    Michael Bublé Reevaluates His Album Catalog... and the Mood Behind Each One

    Live Nation, the world’s largest live-entertainment company, announced its Q2 2017 financial report Wednesday afternoon, and it showed revenue increasing 29% over the same quarter in 2016 to $2.8 billion, with operating income up 53% to $113 million, and adjusted operating income (AOI) rising 22% to $221 million. Live Nation President/CEO Michael Rapino was predictably […]

  • Michael Buble Walk of Fame Honor

    Michael Bublé Talks Albums and Amour Ahead of Getting Hollywood Star Treatment

    Live Nation, the world’s largest live-entertainment company, announced its Q2 2017 financial report Wednesday afternoon, and it showed revenue increasing 29% over the same quarter in 2016 to $2.8 billion, with operating income up 53% to $113 million, and adjusted operating income (AOI) rising 22% to $221 million. Live Nation President/CEO Michael Rapino was predictably […]

More From Our Brands

Access exclusive content