Live Nation Q1 revenue up 73% to $3.1B; operating income up 5.3x to $143M

Live Nation Entertainment, Inc.

2023-Q1 EPS reported -$0.25 revenue$3,127,390,000

Revenue $3.1B (+73% YoY); operating income $143M (5.3x); AOI $320M (+53%).
Fan count 19M+ (+79%); fee-bearing GTV $7.7B (+60%); sponsorship AOI $96M (+37%).
Sold 90M tickets YTD for 2023 shows; Ticketmaster on track for 600M tickets globally.
Adjusted free cash flow $190M (59% AOI conversion); operating cash flow $1.2B.
Added brand partners Google Pixel, PayPal, Levi's; Vibee launched with U2 Sphere VIP sellout.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Live Nation Entertainment, Inc. reported the quarter ended March 31, 2023 results: revenue $3.1 billion.

Period: the quarter ended March 31, 2023
Revenue: $3.1 billion
Result: reported results

Exact text from the filing

We delivered revenue of $3.1 billion, operating income of $143 million, and AOI of $320 million, up 73%, 5.3x, and 53% respectively, relative to the first quarter of last year.

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Live Nation Entertainment, Inc. filing history →

Source: SEC EDGAR

accession 0001335258-23-000054

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