Taylor Swift, Beyonce tours boost Ticketmaster parent Live Nation’s revenues

The announcement of long-awaited tours from musical artists like Bad Bunny and U2 shows signs of a healthy outlook for the company.

The company’s revenue rose 32 per cent to $8.15 billion in the quarter ended Sept. 30, compared with analysts’ estimates of $6.99 billion, according to LSEG data. Total estimated events rose 7.6 per cent year-over-year to 12,090 while total estimated fans stood at 52.3 million compared with 37.1 million the previous quarter.The company’s concert business, which consists of merchandise sales and the production of live music events, brought in revenue of $6.97 billion – making up the bulk of its overall revenue, followed by $832.6 million from ticketing.Live Nation was reportedly subject to a probe by the U.S.

The company reported a profit per share of $1.78 for the July to September period, compared with $1.39 per share a year ago.How to navigate Canada’s ‘daunting’ mortgage market amid higher rates

Source: News Formal (newsformal.com)

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ticketmaster parent Live Nation beats revenue estimates on surging concert demandExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

'I would die for Taylor Swift': Swifties rejoice over upcoming Vancouver tour datesVANCOUVER — Lyndsey Evans freely admits she would pack her bags and follow Taylor Swift around the world if she could.
Source: timescolonist - 🏆 15. / 75 Read more »

'I would die for Taylor Swift': Swifties rejoice over upcoming Vancouver tour datesVANCOUVER — Lyndsey Evans freely admits she would pack her bags and follow Taylor Swift around the world if she could.
Source: PGCitizen - 🏆 65. / 51 Read more »

'I would die for Taylor Swift': Swifties rejoice over upcoming Vancouver tour datesVANCOUVER — Lyndsey Evans freely admits she would pack her bags and follow Taylor Swift around the world if she could.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »

Taylor Swift to bring Eras Tour to Vancouver for three nightsTaylor Swift is bringing her Eras Tour to Vancouver for three nights next December.
Source: CP24 - 🏆 30. / 67 Read more »

Trump Draws Bonkers Comparison Between Jan. 6 Rioters Song And Taylor SwiftBen Blanchet is a reporter based in New York City. His work has been featured in the New York Post, Insider and The Buffalo News' Sun newspapers. He was born and educated in Upstate New York.
Source: HuffPostCanada - 🏆 61. / 53 Read more »