Live Nation posts record Q1, addresses DOJ lawsuit
Revenue leapt 21% year-on-year to $3.8 billion in the first quarter of 2024, according to the company's latest financial results
News By James Hanley | 3 May 2024
Live Nation’s share price has surged almost 10% on the back of its biggest Q1 to date, which saw revenue leap 21% year-on-year to $3.8 billion.
While the company posted an operating loss of $37 million “impacted by one-time accruals” for the first quarter of 2024, fan growth was up 21% to 23 million fans, AOI increased 15% to $367 million and sponsorship revenue leapt 24% to $211m.
Approximately 77m fee-bearing tickets were sold, driven by double-digit growth in international markets.
“Our Q1 results demonstrate that live events remain…
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