Live Nation Reports $588 Million Loss for Q2 With Absence of Live Concerts

”Our expectation is that live events will return at scale in the summer of 2021,“ Live Nation CEO Michael Rapino said

Hobbled by the lack of live concerts due to the pandemic, Live Nation on Wednesday reported an operating loss of $588.1 million for its second quarter.

Revenue for the three months ending June 30 totaled just $74.1 million, a 97% drop from the $3.2 billion in revenue the company recorded during the same quarter last year.

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Trey Williams

Film Reporter covering the biz • • Twitter: @trey3williams