Plus   Neg

Live Nation Reports Net Income In 2018; Concerts Revenue Up 11%

Live Nation Entertainment (LYV) reported full year 2018 net income attributable to common stockholders of $60.3 million compared to a loss of $6.0 million, prior year. Loss per share was $0.09 compared to a loss of $0.48 per share, last year. For fiscal 2018, revenue increased 11% to $10.8 billion. Live Nation Concerts attendance was 93 million, up 8% from previous year.

The company said Ticketmaster continued growing its leadership position in ticketing in 2018, with fee-bearing gross transaction value, or GTV, up 14% and total platform GTV of $33 billion. This drove a 14% increase in ticketing revenue for the year. Overall in 2018, Ticketmaster managed over 400,000 events, delivering almost 500 million tickets to fans in 28 countries.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Global PC shipments returned to growth in the second quarter of 2020 after seeing a significant decline in the preceding first quarter due to COVID-19 related supply-chain disruptions, according to reports by two research firms. The PC market returned to growth in the quarter as production ramped up and vendors restocked their supplies to near-normal levels. The bankruptcy filing of America's oldest apparel retailer Brooks Brothers has ignited significant interest from potential buyers for the brand. WHP Global and a venture backed by Authentic Brands Group LLC and Simon Property Group, Inc., are reportedly considering bids for the retailer. WHP Global owns the ANNE KLEIN and JOSEPH ABBOUD brands. Sundial Herbal Products has recalled around 65 products, which were misbranded and currently unapproved drugs, the U.S. Food and Drug Administration said in a statement. The recall follows an order by a federal judge in June to stop distributing the company's unapproved new drugs. The affected items include herbal products and dietary supplements.
Follow RTT