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Business News Live Business
Live Nation profits up in summer quarter
By Chris Cooke | Published on Tuesday 4 November 2014
Also reporting third quarter figures last week was Live Nation, which was able to brag about rising profits and claim that the live giant was on track for “another record year”.
The figures backed up claims made in July, when reporting that profits were down for the second quarter, that the live firm was set for a strong summer concert season. Live Nation, of course, has significant interests in tour and festival promotion, venues, artist management and ticketing.
According to Billboard, revenues for the quarter were up 11% to $2.5 billion with “adjusted operating income” – so operating income without the effects of “one-time and extraordinary items” – was up 17% to $258.1 million.
