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Live Nation Reports $588 Million Loss for Q2 With Absence of Live Concerts

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thewrap.com
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Hobbled by the lack of live concerts due to the pandemic, Live Nation on Wednesday reported an operating loss of $588.1 million for its second quarter.Revenue for the three months ending June 30 totaled just $74.1 million, a 97% drop from the $3.2 billion in revenue the company recorded during the same quarter last year.Concert revenue was down 95% year-over-year, coming in at $141.8 million, compared to $2.6 billion last year.

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