Live Nation Reports $7.2 Billion in Revenue for 2015

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Live Nation Entertainment delivered a fifth uninterrupted year of record revenue, profitability and giveaway money upsurge in 2015, though these overwhelmingly certain gain sum were expelled on a “constant banking basis,” an proceed that eliminates a sensitivity of sell rate fluctuations, not an odd use for general companies. 

On a “generally supposed accounting principles” basis, or GAAP, Live Nation reported income of $7.24 billion, “which compares to a $7.08 billion estimate,” says researcher Rich Tullo, executive of investigate during Albert Fried Company. “Operating income [of] $131 million missed a guess of $180 million, [which] competence be an emanate with unfamiliar exchange.” 

No. 2: Michael Rapino | Power 100

The association cites on-site promotion as a primary expansion motorist for a year, with expansion in that multiplication during 17 percent for a year. 

Even so, assemblage to a concerts drives a whole Live Nation model, and tickets sole are tickets sole around a globe, and not theme to fluctuation. In that respect, Live Nation excelled final year, flourishing assemblage by 8 percent to a record 63 million fans.  Live Nation promoted a widespread share of a biggest tours of 2015, including vital runs by U2, Madonna, One Direction, Luke Bryan, Fleetwood Mac, Ariana Grande, and many others. Additonally, Live Nation is now a heading festival user in a world, severely expanding a festival footprint in North America in 2015 with a acquisitions of Bonnaroo and C3 Presents entrance to bear.

“I will contend that [Live Nation] altogether did really well,” says Tullo, who adds that Live Nation’s formula were shabby by a clever U.S. dollar, “making general formula demeanour diseased when, in fact, a volume — despite a Paris apprehension attacks — [was] good.”
Live Nation’s Ticketmaster multiplication changed some-more than 530 million tickets in 2015, for record 12 percent growth in tellurian sum transaction value [GVT] for a sum GVT of $25 billion from primary and delegate combined. Secondary ticketing, that TM is now handling in 13 countries, delivered 34 percent growth in GTV for a year to $1.2 billion during consistent banking in 2015, essentially driven by Ticketmaster’s TM+ delegate ticketing solution.  “Fans have continued to contend their categorical idea is simply to get a sheet to a uncover or diversion they want,” says Live Nation CEO Michael Rapino in a gain release, “and, as a result, integrated register acclimatisation was 38 percent higher than primary usually offerings.”
Despite increasing foe in a ticketing sector, Rapino says Ticketmaster grew a customer bottom any year for a past 5 years, “and mixing a primary and delegate marketplaces has almost increasing a register accessible to fans.”

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He adds that complicated investment in online and mobile products has led to increasing visits and conversion. “As a result, already in 2016 we have had 3 days offered over 900,000 tickets, fixation them among a tip 15 days of all time, [and] environment us adult to broach clever expansion in sheet sales for a year,” Rapino says.
The live business is “elevated, not threatened, by technology, and is borderless,” Rapino says. “Fans around a universe can now discover, follow, share and welcome artists, formulating larger direct for live shows.”

Rapino tells investors that a live business zone “will continue to have clever expansion for years to come, as fans globally expostulate demand, artists are encouraged to tour, and record drives conversion.” He also touts clever artist growth that “continues to re-energize a business,” indicating out that 13 of Live Nation’s tip 20 sheet sellers were new from a prior year.

“We devise on holding some-more concerts for some-more fans in some-more countries than ever before. We design to sell some-more advertising, both onsite and online. And by continued product creation during Ticketmaster, we devise on offered some-more tickets and pushing increasing conversion,” writes CEO Michael Rapino in a statement. To that end, a company acquired Big Concerts 3 days ago (Feb. 22), South Africa’s leading promoter.

So distant this year, Live Nation says that, by Feb. 19, sheet sales are adult 5 percent year-on-year, driven by 18 percent growth in amphitheaters and 47 percent growth in stadiums.

Correction, Feb. 25, 5:57 p.m. ET: This story creatively forked to Live Nation carrying warranted $7.6 billion in income during a consistent banking basis, that is not inaccurate. However this figure has been transposed with a company’s reported income of $7.2 billion.

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