Live Nation Q1 revenue $3.8B (+21%), AOI $367M (+15%); operating loss $37M on Astroworld accrual

Live Nation Entertainment, Inc.

2024-Q1 EPS reported -$0.53 revenue$3,799,529,000

Revenue $3.8B (+21% YoY); adjusted operating income $367M (+15%); operating loss $37M.
Net income reduced by $97M from Astroworld litigation accrual net of Q1 mark-to-market gains.
Fan growth +21% to 23M; 77M fee-bearing tickets sold; sponsorship revenue +24% to record Q1.
FY2024 AOI expected double-digit growth; capex ~$600M, three-quarters for Venue Nation expansion.
93% of debt at fixed rate, avg cost 4.6%; event-related deferred revenue $4.4B.

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, 2024 results: revenue $3.8 billion.

Period: the quarter ended March 31, 2024
Revenue: $3.8 billion
Result: reported results

Exact text from the filing

Rapino, President and CEO, Live Nation Entertainment Quarterly Highlights (vs prior year): Record Q1 As Demand for Live Events Remains Strong (reported FX) • Revenue up 21% to $3.8 billion • Operating loss of $37 million • Adjusted operating income up 15% to $367 million • Fan growth up 21% to 23 million fans • Food and beverage spending up 10% at U.S. theaters and

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Source: SEC EDGAR

accession 0001335258-24-000069

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