July 30 (Reuters) - Ticketmaster-parent Live Nation
Entertainment ( LYV ) beat analysts' estimates for quarterly
revenue on Thursday, driven by global demand for live events and
concerts across different venue types.
The results underscore that consumer appetite for live music
remains resilient even as broader discretionary spending comes
under pressure.
Here are some details:
* The world's largest concert promoter's second-quarter
revenue grew 9% to $7.66 billion, beating analysts' average
estimate of $7.56 billion, according to data compiled by LSEG.
* Live Nation's earnings came in at $1.05 per share,
compared with 41 cents a year ago.
* It sold more than 143 million tickets through mid-July as
touring activity remained strong for major global artists.
* Live Nation saw concert revenue rise 8.32% to $6.44
billion during the second quarter.