Live Nation Entertainment, Inc. (NYSE: LYV), a leading entertainment company that produces and promotes live music events and concerts, reported financial results for the third quarter of 2024.
Third-quarter revenue decreased 6% to $7.7 billion from $8.15 billion in Q3 2023Consolidated operating income decreased to $640 million in Q3 from $653.7 million in the year-ago periodAdjusted operating income was $910 million in the September quarter, vs. $871.2 million a year earlierThird quarter net income decreased to $451.8 million or $1.66 per share from $521.5 million or $1.93 per share in the comparable quarter a year earlier The company recorded its highest-ever concert profitability in Q3, with an adjusted operating income of $474 millionAround 144 million tickets were sold for 2024 Live Nation concerts, through October, which is up 3%October transacted ticket sales for Ticketmaster are up 15% on all ticket volume and up 23% for concert events
The post Earnings Summary: Highlights of Live Nation’s Q3 2024 results first appeared on AlphaStreet.
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