Earnings

Live Nation (LYV) earnings Q3 2023

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(L) Taylor Swift performs onstage during her The Eras Tour at Paycor Stadium in Cincinnati, Ohio, on June 30, 2023. (R) Beyoncé performs onstage during her Renaissance World Tour at the Johan Cruyff Arena in Amsterdam, Netherlands, on June 17, 2023.

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Ticketmaster parent company Live Nation Entertainment delivered its strongest quarter ever, on pace for a record 2023 on the backs of concert darlings Taylor Swift and Beyoncé.

Higher ticket prices and pent-up demand for live shows helped boost revenue up 32% to $8.2 billion in the third quarter, significantly higher than the $6.99 billion expected, according to LSEG, formerly known as Refinitiv.

Shares of the company jumped more…



Source cnbc.com

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