Why Live Nation Entertainment Stock Jumped 15% on Friday

Shares of entertainment stock Live Nation Entertainment (NYSE: LYV) jumped as much as 18.8% in trading on Friday after the company reported third-quarter 2021 financial results. Shares closed the day up 15.2%. 

Revenue exploded from just $184 million a year ago to $2.7 billion in the quarter and an operating loss of $504.4 million swung to a profit of $137.1 million. Net income was $46.9 million, or $0.19 per share.

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Source Fool.com