Live Nation Q3 Earnings: Revenue Miss, EPS In Line, Shares Climb As 'Momentum Continues To Build'

Live Nation Entertainment Inc (NYSE:LYV) reported financial results for the third quarter after the market close on Monday. Here’s a look at the key details from the quarter.

Q3 Earnings: Live Nation reported third-quarter revenue of $7.65 billion, beating analyst estimates of $7.77 billion, according to Benzinga Pro. The Ticketmaster parent company reported third-quarter earnings of $1.66 per share, in line with analyst estimates.

Operating income was $640 million in the quarter and $910 million on an adjusted basis. Live Nation said the third quarter marked its highest-ever concert profitability with adjusted operating income up 39%.

Live Nation noted it sold ...