Live Nation's Q1 Revenue Exceeds Estimates as Concert Demand Persists; Legal Costs Pressure Profitability
Live Nation Entertainment reported first-quarter revenue of $3.8 billion, beating analysts' estimate of $3.57 billion as demand for concerts and live events remained robust. The company credited blockbuster tours and pricing power, and said it has booked a large portion of its venues for the year, but posted an operating loss driven by a $450 milli…