Live Nation posted $1.77bn in revenues in the three months to the end of June, up 6% year-on-year.
In the first six months of 2015, total revenues hit $2.89bn according to the firm’s consolidated results, up 3.3% on the same period of 2014.
The company’s quarterly net profit in the three months of Q2 stood at $20.2m compared to $25.8m in Q2 2014.
That means it posted a $46.3m net loss across the first half of 2014, widened from the $4.3m loss it recorded in H1 last year.
Concert ticket sales were up 7% through July, with Live Nation having sold approximately 75% of its projected tickets for the year.
Said Live Nation CEO Michael Rapino: “After growing the business in the first half of the year, we expect 2015 to be another year of growth and record results for the company, and we are confident that we will deliver the final year of our three-year plan.
“Based on the strong position of our leading indicators in concerts, sponsorship & advertising, and ticketing, operationally we expect revenue and AOI growth in each of these businesses and overall for Live Nation this year.
“And more fundamentally, we continue to see a wide set of both organic and acquisition opportunities to further grow each of our businesses beyond 2015, directly building on the success we have achieved to date.”Music Business Worldwide
