Live Nation Entertainment, Inc. (NYSE:LYV) Files An 8-K Results of Operations and Financial ConditionItem 2.02
Results of Operations and Financial Condition.
Live Nation Entertainment, Inc. (NYSE:LYV) Files An 8-K Results of Operations and Financial ConditionItem 2.02
Results of Operations and Financial Condition.
On August9, 2017, Live Nation Entertainment, Inc. issued a press release announcing its results of operations for the quarter ended June30, 2017. A copy of that press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
The information contained in this Current Report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 |
Financial Statements and Exhibits. |
(d) Exhibits.
The information in the Exhibit Index of this Current Report on Form 8-K is incorporated into this Item 9.01(d) by reference.
Live Nation Entertainment, Inc. ExhibitEX-99.1 2 lyv-2017q2xex991.htm PRESS RELEASE Q2 2017 Exhibit LIVE NATION ENTERTAINMENT REPORTS SECOND QUARTER 2017 FINANCIAL RESULTS Highlights (year-over-year): Revenue Up 29% for the Quarter to $2.8 BillionOperating Income Up 53% for the Quarter to $113 MillionAdjusted Operating Income Up 22% for the Quarter to $221 MillionNet Cash Provided by Operating Activities Increased for the Quarter to $43 MillionFree Cash Flow — Adjusted Up 42% for the Quarter to $154 MillionEvent-Related Deferred Revenue Up 31% to $1.5 Billion as of June 30Concert Tickets Sold for 2017 Shows are Over 68 Million,…To view the full exhibit click here
About Live Nation Entertainment, Inc. (NYSE:LYV)
Live Nation Entertainment, Inc. is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising, and artist management. Its segments include Concerts, Ticketing, Artist Nation, Sponsorship & Advertising, Other and Corporate. Its Concerts segment is engaged in the promotion of live music events in its owned or operated venues and in rented third-party venues, and the production of music festivals. Its Ticketing segment is an agency business that sells tickets for events on behalf of its clients and retains a fee, or service charge, for these services. Its Artist Nation segment provides management services to music artists in exchange for a commission on the earnings of the artists. Its Sponsorship & Advertising segment employs sales force that creates and maintains relationships with sponsors to allow businesses to reach customers through its concert, venue, artist relationship and ticketing assets.