Overview

• Live Nation reported $7.01 billion in revenue for Q2, a 16 percent increase that surpassed analysts’ $6.84 billion estimate.
• Adjusted operating income rose to $798 million, topping Wall Street forecasts of $756.1 million.
• Global attendance reached 44.2 million fans and 155.8 million tickets were sold, highlighting strong consumer appetite for live events.
• Concert-related deferred revenue climbed 25 percent year-over-year to $5.1 billion, indicating healthy advance bookings.
• The company boosted its stake in Mexican promoter Ocesa to 75 percent and continues to navigate a Department of Justice antitrust lawsuit.