Live Nation's Ticketmaster Sees Strong Ticketing Growth in LatAM

Dow Jones07-31

Ticketmaster's international business boosted Live Nation's ticketing segment in 2Q. Ticketmaster's 2Q revenue climbed 15% to $852 million, and its adjusted operating income rose 14% to $331 million on 90 million fee-bearing tickets sold. Out of 16 million net new tickets added year to date, international markets accounted for 85%. International ticket volume climbed to 39 million tickets sold, up 12%, with gross transaction value up 20%, led by strong activity in South America. North American secondary ticket volume remained flat as sports gross transaction value growth offset declining concert activity in the resale market.

This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.

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