Live Nation Entertainment CEO Michael Rapino said ticket demand was on an upsurge as vaccines roll out and countries reopen.“Fans are buying tickets and events are selling out faster than ever,” he said during a call after first quarter financial results that were still grim.
Revenue of $239 million was down 76% from $993 million the year before. Net losses ballooned to $300 million from $185 million.
Events plunged to 664 from 7,095.But as with entertainment venues from movie theaters to Broadway things are looking up. The current second quarter will show the first year-on-year improvement since the fourth quarter of 2019.
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