Live Nation (LYV) Tops Q1 EPS by 5c, Beats on Revenues

Live Nation (NYSE: LYV) reported Q1 EPS of ($0.24), $0.05 better than the analyst estimate of ($0.29). Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.32 billion.

Highlights (year-over-year):

• Revenue Up 19% for the Quarter to $1.5 Billion
• Operating Income Improves for the Quarter to $(6) Million
• Adjusted Operating Income Up 24% for the Quarter to $114 Million
• Event-Related Deferred Revenue Up 12% to $1.8 Billion as of March 31
• Concert Tickets Sold for 2018 Shows Over 50 Million, Up 5% through April
• Sponsorship & Advertising Committed Net Revenue Up 11% through April
• Ticketmaster Fee-Bearing GTV Up 21% through April

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

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