Live Nation Loss Widens On Impairment Charges, Lower Revenue

(RTTNews) - Live Nation Loss Widens On Impairment Charges, Lower Revenue

Live Nation Entertainment Inc (LYV)on Thursday reported fourth-quarter net loss of $186.5 million or $0.94 per share compared with a loss of $82 million or $0.42 per share last year.

Results for the quarter included goodwill impairment charges of $135 million.

Excluding items, adjusted loss for the quarter was $0.41 per share compared with a loss of $0.36 per share a year ago.

Live Nation operates as a live entertainment company, and has segments such as concerts, ticketing, artist nation, and advertising.

The company's revenues for the quarter were $1.57 billion compared with $1.61 billion in the prior year.

Analysts polled by Thomson Reuters estimated a loss of $0.41 per share on revenues of $1.6 billion for the quarter. Analysts' estimates typically exclude special items.