Live Nation Sees Record Quarter for Ticketmaster, Concert Attendance The latest financials from Live Nation paint a picture of the enduring power of live music – and the significant market share held by Ticketmaster.
The company reported a record breaking second quarter, with revenue up 9% year over year and operating income up 7%. However, amidst the strong results, concerns about the sustainability of this success are growing.
Ticketmaster's performance is particularly noteworthy, with $852 million in revenue – a 15% increase from last year. The company sold 90 million fee bearing tickets, an 8% jump from the previous year.