Chris Willman Music WriterA second-quarter earnings call with Live Nation execs Wednesday was full of hope, promise and even swagger… for 2021-22.
Not surprisingly, though, the current numbers were grim, with revenue predictably down by a staggering 98% from year-to-year in the company’s quarterly earnings report.Revenue was $74 million for the quarter, down from $3.2 billion in the same time frame in 2019.Live Nation’s net loss for the second quarter was reported at $568 million, compared to net income of $172 million in the quarter last year.Nonetheless, the company reported in its call Wednesday afternoon, it believes it has “sufficient liquidity to maintain critical operations until shows return,” which Live Nation anticipates will.
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