Live Nation Q2 profits fall

by Thomas Drone
Wednesday, Aug 8th 2012 at 9:37AM

Live Nation has posted $7.7m net profit for its second quarter, or 4 cents a share - 42% down year-on-year.

The live music giant posted $13.3 million net income, or 7 cents a share the year before.

Revenue fell 0.5% to $1.55 billion but rose 2% on a constant currency basis.

The company saw concert and artist marketing revenue decline, offsetting higher ticketing sales.

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