Live Nation Q2 Earnings: Revenue Beat, EPS Miss, Fans 'Buying Tickets At All Price Points'
Portfolio Pulse from Adam Eckert
Live Nation Entertainment Inc (NYSE:LYV) reported mixed Q2 financial results with revenue beating estimates but EPS missing. Revenue was $6.023 billion, slightly above estimates, while EPS was $1.03, below the expected $1.06. The company saw a 7% year-over-year revenue increase and a 21% rise in operating income. Despite strong demand and increased ticket sales, shares fell 3.30% after hours.
July 30, 2024 | 9:12 pm
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Live Nation reported mixed Q2 results with revenue beating estimates but EPS missing. Revenue was $6.023 billion, slightly above estimates, while EPS was $1.03, below the expected $1.06. Despite strong demand and increased ticket sales, shares fell 3.30% after hours.
The mixed results, with revenue beating but EPS missing estimates, likely caused investor concern, leading to a 3.30% drop in share price after hours. The strong demand and increased ticket sales were not enough to offset the negative impact of the EPS miss.
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