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LIVE NATION Q1 EARNINGS: UP,
UP & AWAY

The concert colossus’ Q1 revenue rose 4% at constant currency during the quarter ending 3/31. Here are more highlights, served up in fat-free bite-sized morsels.

Q1 Stats:

  • Ticketmaster global transactions gained 8%, while resale transactions were up 75%.
  • Mobile ticket sales were up 35%, while app installs jumped 43% to 17m.
  • Event-related deferred revenue rose 4% to $919m.
  • Contracted sponsorship and advertising net revenue increased 17%.

Other Stats:

  • Overall ticket sales are up 4% thru 4/24.
  • LN expects to promote around 20 of the top 25 global tours in 2015
  • With the just-announced Bonnaroo partnership, Michael Rapino and co. now have four of the top five U.S. festivals.

The cheery facts and figures were accompanied by a commensurately upbeat big-picture projection: “[F]our months into the year, we now have enough data from leading indicators to be confident that we remain on track to deliver our 2015 plan, with continued top- and bottom-line growth as we build global marketshare in our core concerts, advertising and ticketing businesses.”

More detail from Rapino here.

NEAR TRUTHS: OFF AND RUNNING
The lay of the land at the top of 2022 (1/20a)
O-ROD MANAGEMENT
IN PLAY?
America's most wanted (1/20a)
TAYLOR'S LATEST "VERSION": RECORD STORE DAY
A nod to the Vinyl Queen. (1/20a)
WEEKLY CURRENT LABEL SHARE
Monte's up where he belongs. (1/20a)
SONG REVENUE: SOME ENCHANTED DAWN
Winning hands in the early action (1/20a)
OOH, LAS VEGAS
You're gonna make a poor boy outta me.
HOW I WISH THAT THERE WERE MORE
...than 24 hours in a day.
PALMS SWEAT, BLACKJACK
on a Saturday night
SIN CITY
Lamborginis and caviar Dry martinis, Shangri-La
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