Stephens Upgrades Live Nation Entertainment (LYV) to Overweight
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Live Nation Entertainment Reports Third Quarter 2016 Financial Results
November 7, 2016 4:16 PM ESTLOS ANGELES, Nov. 7, 2016 /PRNewswire/ -- Live Nation Entertainment (NYSE: LYV) today released financial results for the three and nine months ended September 30, 2016.
Live Nation had a record third quarter and 2016 is on track to deliver another year of record results across revenue, adjusted operating income, or AOI, and free cash flow. For the quarter, revenue was up 21%, operating income was up 25%, AOI was up 14%, and free cash flow was up 21%. Our core divisions - concerts, ticketing and advertising - each delivered their strongest quarterly operating income and AOI results... More
