Eventbrite Stock Buoyed by Better than Expected Earnings
Eventbrite stock has ticked upward following the release of the company’s Q2 earnings report, up five pecent at mid-day compared to its close Thursday. Revenue was down 90 percent compared to a year ago – similar to Live Nation’s dismal numbers released Wednesday – but the company lost 44... Read more
Live Nation Reports Revenue Down 98% in Q2 Earnings Report
With live events at a virtual standstill, it came as no surprise that Live Nation Entertainment wouldn’t have much good news for shareholders when it released its earnings report. The industry leader put as much positive spin on the numbers as could be managed, focusing on its expectation that... Read more
Live Nation Earnings Report Reveals 21% Loss In Revenue
The coronavirus crisis has taken an inevitable toll on Live Nation earnings for the first quarter, released Thursday. The entertainment giant posted a 21 percent loss in revenue for the quarter, which ended March 31, weeks after the industry came to a grinding halt amid the pandemic. Concert year-over-year... Read more
Eventbrite Withdraws 2020 Business Outlook Due to Impact of COVID-19
Ticketing and events business Eventbrite announced that the ongoing coronavirus (COVID-19) pandemic has directly impacted its business outlook and said it is withdrawing its outlook for the first quarter of 2020 due to the “growing impact” of the outbreak. Fans across the globe head to Eventbrite to buy tickets... Read more
Live Nation Reveals 2019 Revenue Report, Ninth Consecutive Year of Growth
Concert promoter giant Live Nation Entertainment revealed its full-year results for 2019, which show another increase in revenue. The report, which was released on Thursday, says that the company reported a total revenue of $11.54 billion – an 8% increase from 2018. Additionally, the operating income and adjusted operating... Read more
Live Nation Reports Huge Earnings in Q4; 2017 Full Year
Live Nation, the concert promotion and ticketing giant casting a shadow over the entire live event industry – particularly here in North America – released its financial data for the fourth quarter and full year of 2017, and the numbers are staggering. According to the data, revenue for the... Read more
Opinion: Q3 Earnings May Explain StubHub’s Bullying Moves in Secondary
StubHub, owned by eBay (NASDAQ: EBAY) has been throwing its weight around a bit as of late against competition in the secondary marketplace. Recent news related to the publicly-traded company’s earnings – particularly compared against primary giant (and secondary competitor) Live Nation (NASDAQ: LYV) – may offer some insight... Read more
Live Nation (NYSE: LYV) Rides Secondary Market to Big Growth
As predicted, Live Nation (NYSE: LYV) showed a big growth driven in large part by the secondary market when it released its financial results for the second quarter on Wednesday evening. Overall, revenue was up 29%, operating income up 53%, and adjusted operating income (AOI) up 22%. These growth... Read more