Albert Fried & Company Upgrades SFX Entertainment (SFXE) to Overweight

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Go back to Albert Fried & Company Upgrades SFX Entertainment (SFXE) to Overweight

SFX Entertainment Reports Second Quarter Financial Results, Including 48.3% Rise in Revenue

August 10, 2015 4:00 PM EDT

Pro Forma Revenue Increases 31.1% And 45.4% Excluding FX Impact

NEW YORK--(BUSINESS WIRE)-- SFX Entertainment, Inc. (NASDAQ: SFXE) today reported financial results for the three and six months ended June 30, 2015.

Revenue for the three months ended June 30, 2015 grew 48.3% year over year to $121.1 million, while revenue for the first six months of 2015 increased 50.7% year over year to $173.2 million. Revenue for the three months ended June 30, 2015 included $106.7 million in Live revenue (88.1% of total revenue) related to festivals and live events that were produced, promoted, licensed or managed by SFX during the period. Live... More