Live nation entertainment reports first quarter 2022 results

Q1 highlights: company delivers best first quarter ever operating income of $27 million and aoi of $209 million ticketmaster delivers another record quarter - operating income up 3x, aoi up 2x, transacted gtv up 39% (vs q1 2019) ticketmaster growing client base - 7 million net new tickets added sponsorship operating income up 83% and aoi up 75% (vs q1 2019) ocesa financial performance at 2019 levels 2022 outlook: leading indicators point to record year ahead 70 million tickets sold for 2022 concerts, on track for double-digit fan growth this year (vs 2019) concert bookings up 44% through late april (vs 2019) $3.5 billion in event related deferred revenue, up nearly 2x (vs q1 2019) fan demand for best seats drives concert ticket pricing up double-digits (vs 2019), while entry level tickets average under $35 fan base at operated venues growing - 20 new venues in 2022 pipeline, 38 new festivals over 90% of planned sponsorship net revenue for 2022 committed los angeles , may 5, 2022 /prnewswire/ -- live nation entertainment, inc. (nyse: lyv) today released financial results for the quarter ended march 31, 2022. momentum has picked up for all of our businesses over the course of the first quarter, and as a result, we delivered financial performance that greatly surpassed our previous expectations, with operating income of $27 million and aoi of $209 million.
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