Live Nation reports Q2 EPS 29c, consensus 19c
Reports Q2 revenue $2.82B, consensus $2.37B. The company's CEO said, "Given the strong performance of our shows to date and the pipeline of shows for the rest of the year, I expect us to grow our fan base to 80 million this year. And with these additional fans I am confident that we will deliver strong growth in our concerts results, providing the flywheel to grow our sponsorship and ticketing businesses....2017 is on track to be another year of growth and record results for the company. Our key indicators for our businesses - concert tickets sold for shows this year, contracted sponsorship, and fee-bearing ticketing GTV - are all pacing double digits ahead of last year and as a result we expect each of our businesses to deliver record revenue, operating income and AOI this year."