Live Nation Swings to 1Q Loss Due to Legal Fees; Revenue Climbs on Concert Demand

Dow Jones05-06 05:16

By Kelly Cloonan

Live Nation swung to a loss in its latest quarter as legal fees weighed on its bottom line, while revenue climbed on growing demand for concerts.

The live entertainment ticket provider posted a first-quarter loss of $389.1 million, compared with a profit of $23.2 million a year earlier. Loss per share was $1.85, compared with analysts' expectations for a loss of 35 cents a share, according to FactSet.

The recent earnings were hurt by a $450 million legal accrual, which posed a $1.93 headwind to earnings per share, the company said.

Last month, a federal jury found that Live Nation illegally monopolized the ticketing market for major concerts in the U.S., in a win for a group of states that accused it of overcharging music fans and pressuring venues to use its dominant Ticketmaster service.

Live Nation's quarterly revenue climbed 12% to $3.79 billion, compared with analyst estimates of $3.57 billion.

Concert sales, which make up the bulk of the company's top line, increased 12%. Ticketing sales rose 10% and sponsorship and advertising sales gained 20%.

Chief Executive Michael Rapino said consumers are prioritizing live experiences in an increasingly digital- and artificial intelligence-driven world, boosting demand for concerts.

"This cultural demand is driving record-breaking activity across our business," Rapino said, noting the company has booked more than 85% of its large-venue shows for the year.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

May 05, 2026 17:16 ET (21:16 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Ticketing sa","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4108":"电影和娱乐","BK4588":"碎股","BK4585":"ETF&股票定投概念","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LYV":"Live Nation Entertainment"},"translate_title":"由于法律费用，Live Nation第一季度出现亏损；音乐会需求带来收入攀升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LYV":0.9},"content_text":"By Kelly Cloonan \n\n\n \n\n\n  Live Nation swung to a loss in its latest quarter as legal fees weighed on its bottom line, while revenue climbed on growing demand for concerts. \n\n\n  The live entertainment ticket provider posted a first-quarter loss of $389.1 million, compared with a profit of $23.2 million a year earlier. Loss per share was $1.85, compared with analysts' expectations for a loss of 35 cents a share, according to FactSet. \n\n\n  The recent earnings were hurt by a $450 million legal accrual, which posed a $1.93 headwind to earnings per share, the company said. \n\n\n  Last month, a federal jury found that Live Nation illegally monopolized the ticketing market for major concerts in the U.S., in a win for a group of states that accused it of overcharging music fans and pressuring venues to use its dominant Ticketmaster service. \n\n\n  Live Nation's quarterly revenue climbed 12% to $3.79 billion, compared with analyst estimates of $3.57 billion. \n\n\n  Concert sales, which make up the bulk of the company's top line, increased 12%. Ticketing sales rose 10% and sponsorship and advertising sales gained 20%. \n\n\n  Chief Executive Michael Rapino said consumers are prioritizing live experiences in an increasingly digital- and artificial intelligence-driven world, boosting demand for concerts. \n\n\n  \"This cultural demand is driving record-breaking activity across our business,\" Rapino said, noting the company has booked more than 85% of its large-venue shows for the year. \n\n\n \n\n\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 05, 2026 17:16 ET (21:16 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.1","shortVersion":"4.42.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2633492734","isCrawlerRequest":true}