Live Nation (LYV) Tops Q2 EPS by 10c, Revs Rise 29%

Live Nation (NYSE: LYV) reported Q2 EPS of $0.29, $0.10 better than the analyst estimate of $0.19. Revenue for the quarter came in at $2.88 billion versus the consensus estimate of $2.37 billion.

• Revenue Up 29% for the Quarter to $2.8 Billion
• Operating Income Up 53% for the Quarter to $113 Million
• Adjusted Operating Income Up 22% for the Quarter to $221 Million
• Net Cash Provided by Operating Activities Increased for the Quarter to $43 Million
• Free Cash Flow — Adjusted Up 42% for the Quarter to $154 Million
• Event-Related Deferred Revenue Up 31% to $1.5 Billion as of June 30
• Concert Tickets Sold for 2017 Shows are Over 68 Million, Up 22% through July
• Sponsorship & Advertising Contracted Net Revenue Up Double Digits through July
• Ticketmaster Fee-Bearing GTV at Constant Currency Up 13% through June

For earnings history and earnings-related data on Live Nation (LYV) click here.

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