Live Nation Reports Q3, YTD 2020 Earnings; Passes $1B Mark in Operating Losses
5th November 2020 (Pollstar). Live Nation Entertainment reported its third quarter and year-to-date 2020 earnings Nov 5 and while there’s not a lot of good news to share, given the entire industry has been virtually closed since mid-March, not all of it was grim. The company reports it has reduced operational cash burn projected at $110 million per month on average for the last nine months, prior to any benefits generated by revenue from operations. Live Nation has total cash and equivalents of $2.6 billion, including $951 million of free cash. According to the report, The cash along with $963 million of available debt capacity gives LNE more than $1.9 billion in available liquidity.
Reporting by Deborah Speer
<< Back to articles