Michael Rapino: ‘Live music is bigger than ever’
After posting another record quarter, the Live Nation CEO tips the touring biz to enjoy an "incredible growth run for years to come"
News By James Hanley | 28 July 2023
Live Nation boss Michael Rapino believes the touring business is in line for “incredible growth” in the coming years after the company reported another record quarter.
The promoter’s Q2 2023 financial results saw revenue rise 27% to US$5.6 billion (€5.1bn) year-on-year, operating income increase 21% to $386 Million and AOI up 23% to $590m. The firm’s share price opened at $98.93 this morning, just shy of its 52-week high of $99.66.
More than 117 million tickets have been sold for Live Nation shows so far…
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