Live Nation Entertainment (LNE) recorded its highest ever annual revenue of $7.6 billion for the year-ending 31 December, an increase of 11 per cent on the previous year.
Its Live Nation Concerts division delivered 25,000 events, up 12 per cent on the previous year, to 63 million fans, representing a growth of 8 per cent.
Despite fourth quarter (Q4) losses of $33.8m, blamed on foreign exchange rates, annual adjusted operating income was $616m, up 11 per cent, with operating profit hitting a record $155.9m.
Posted on: 07/04/2016Categories: News from Audience Magazine