Live Nation (LYV) Tops Q2 EPS by 5c, Revenues Beat

Live Nation (NYSE: LYV) reported Q2 EPS of $0.24, $0.05 better than the analyst estimate of $0.19. Revenue for the quarter came in at $2.87 billion versus the consensus estimate of $2.85 billion.

Highlights (year-over-year):

• Revenue Up 7% for the Quarter to $2.9 Billion
• Operating Income Up 19% for the Quarter to $135 Million
• Adjusted Operating Income Up 18% for the Quarter to $260 Million
• Event-Related Deferred Revenue of $1.6 Billion as of June 30
• Concert Tickets Sold for 2018 Shows Nearly 70 Million, Up $3 Million through July
• Sponsorship & Advertising Committed Net Revenue Up 12% through July
• Ticketmaster Fee-Bearing GTV Up 15% through July

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

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