Live Nation posts gains

Buoyed by enhancing ticket sales, Live Nation Entertainment boasted a 23.1% increase in revenue for that quarter ended June 30, the organization introduced Monday.Overall revenues rose to $1.55 billion, versus. $1.26 billion throughout exactly the same quarter this past year. Revenues from concerts jumped nearly 26%, to $1.08 billion from $859 million within the 2010 quarter.Revenues for that company's ticketing activities rose a somewhat small 7.3%, to $283.8 million from $264.4 million within the same 2010 quarter. The business's Artist Nation management division saw revenues up 33.5%, to $118.4 million from $88.7 million quarter to quarter.Overall operating earnings rose 41.7% to $54.7 million, from $38.six million within the same quarter throughout 2010. Net gain was nearly $13.two million, versus. a loss of revenue of $31.two million in last year's Q2.Believed attendance at United States and worldwide shows arrived at 13 million throughout the quarter, up from 13.3 million exactly the same quarter this past year. Concert ticket sales totaled 17.six million, versus. 15.5 million throughout '10's Q2.LNE leader-Boss Michael Rapino stated inside a statement, "We're seeing the worldwide ticketing business stabilize and concert business grow year-over-year, and that we remain positive about ongoing growth possibilities in the market long-term."Company's stock lost $.60 and closed at $8.78 about the New york stock exchange among a significant market decline Monday. Contact the range newsroom at news@variety.com