Live Nation (LYV) Misses Q3 EPS by 3c, Beats on Revenues

Live Nation (NYSE: LYV) reported Q3 EPS of $0.53, $0.03 worse than the analyst estimate of $0.56. Revenue for the quarter came in at $3.56 billion versus the consensus estimate of $3.36 billion.

Highlights (year-over-year):

• Event-Related Deferred Revenue Up 86% to $774 Million as of September 30
• Concert Tickets Sold for 2017 Shows Over 80 Million, Up 20% through October
• Sponsorship & Advertising Contracted Net Revenue Up 13% through October
• Ticketmaster Fee-Bearing GTV Up 14% through September
• Revenue Up 12% for the Quarter to $3.6 Billion
• Operating Income Up 5% for the Quarter to $201 Million
• Adjusted Operating Income Up 10% for the Quarter to $335 Million

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

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