Live Nation Entertainment Reports Second Quarter 2011 Financial Results

Live Nation Entertainment released financial results for the three and six months ended June 30, 2011 today.

“2011 has shown solid performance for two quarters, with improved results across most of our key financial metrics, providing the basis for profit growth over the full year. The company is now delivering strong results, with growth driven through increased ticket sales, improved show profitability in Concerts and growth in our advertising businesses,” said Michael Rapino, President and Chief Executive Officer of Live Nation Entertainment. “We are seeing the global ticketing business stabilize and concert business grow year-over-year, and we remain optimistic about continued growth opportunities in the industry long term. In addition to delivering this year’s results, we remain focused on strategically expanding our global presence, innovating our ticketing platform and maximizing ticket sales, while carefully managing our costs.”

Source: Live Nation