Live Nation Entertainment Inc. (LYV) Tuesday reported net loss to common shares of $163 million or $0.87 per share for fiscal year 2012, compared with net loss of $83 million or $0.46 per share in the prior year.
Revenues for the year rose 8% to $5.8 billion from $5.4 billion a year ago.
Analysts polled by Thomson Reuters estimated a loss of $0.37 per share on revenues of $5.67 billion for fiscal year 2012. Analysts' estimates typically exclude special items.
Meanwhile, for the fourth quarter, the company reported a 21% rise in revenues to $1.44 billion from $1.19 billion a year ago. Analysts on consensus estimated revenues of $1.29 billion.
"Looking forward to 2013, I am confident that we will continue the successful growth of the core business. Our ticketing replatforming project is in its last full year of investment and will deliver major product innovations for clients and fans throughout the year...," said CEO Michael Rapino.
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