{"id":80134,"date":"2023-11-03T04:49:16","date_gmt":"2023-11-03T08:49:16","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/live-nation-earnings-revenue-top-estimates-concert-demand-is-still-strong\/"},"modified":"2023-11-03T04:49:20","modified_gmt":"2023-11-03T08:49:20","slug":"live-nation-earnings-revenue-top-estimates-concert-demand-is-still-strong","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=80134","title":{"rendered":"Live Nation Earnings, Revenue Top Estimates. Concert Demand Is Still Strong."},"content":{"rendered":"
\n
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<\/p>\n<\/figure><\/div>\n

\n Live Nation Entertainment
\n \u2018s latest financial results surpassed Wall Street expectations, illustrating consumers\u2019 continued demand for live entertainment.<\/p>\n

Share of the Ticketmaster parent jumped 4.2% after the market closed Thursday to $85.98. Through Thursday\u2019s close, the stock has climbed 18% in 2023. <\/p>\n

\n

\n Live Nation
\n (ticker: LYV) reported third-quarter earnings of $1.78 a share on revenue of $8.2 billion after the close Thursday. Analysts surveyed by FactSet were expecting the company to report per-share earnings of $1.26 a share on revenue of $6.99 billion.<\/p>\n

In the same period last year,
\n Live Nation
\n reported earnings of $1.39 a share on revenue of $6.15 billion.<\/p>\n

\u201cToday we delivered our strongest quarter ever and are on pace for a record 2023, driven in good part by the acceleration of structural growth in the live entertainment industry,\u201d Chief Executive Michael Rapino said in the earnings release. <\/p>\n

The company\u2019s strong quarterly results were positively impacted by the shift of consumer spending habits toward experiences, Rapino added. The demand comes despite historically hot inflation pinching people\u2019s pockets, as shelter, energy, and food costs remain elevated.<\/p>\n

Write to Angela Palumbo at angela.palumbo@dowjones.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Live Nation Entertainment \u2018s latest financial results surpassed Wall Street expectations, illustrating consumers\u2019 continued demand for live entertainment. Share of the Ticketmaster parent jumped 4.2% after the market closed Thursday to $85.98. Through Thursday\u2019s close, the stock has climbed 18% in 2023. Live Nation (ticker: LYV) reported third-quarter earnings of $1.78 a share on revenue […]<\/p>\n","protected":false},"author":1,"featured_media":80135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-80134","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nLive Nation Earnings, Revenue Top Estimates. 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