Ticketmaster parent Live Nation beats revenue estimates on surging concert demand
© Reuters. The logo and trading information for Live Nation Entertainment is displayed on a screen on the floor at the New York Stock Exchange in New York, U.S., May 3, 2019. REUTERS/Brendan McDermid/File PhotoHeavy demand for music concerts from popular figures like Taylor Swift and Beyonce has driven up the prices of tickets, benefiting concert promoters.
The company's revenue rose 32% to $8.15 billion in the quarter ended Sept. 30, compared with analysts' estimates of $6.99 billion, according to LSEG data.
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