Live Nation announces record revenue, Wall Street still boos

Live Nation showed "no signs of concerts slowdown," according to its Q2 earnings report, but investors weren't impressed, and the stock fell 3% after hours as Wall Street digested the entertainment company's quarterly report.

While Live Nation posted record a quarterly revenue of more than $6 billion and a 21% year over year jump in operating income to $466 million, it missed analysts' earnings expectations of $1.06 ($1.03 actual).

Additionally, Live Nation faces a major threat to its ticketing cash cow with the DOJ’s ongoing antitrust lawsuit and is still paying settlements related to its Astroworld litigation, reporting $94 million in accruals for Q2 .

Live Nation Posts Record $6 Billion in Revenue for Second Quarter, Although Astroworld Settlements Reach $280 Million

Additionally, Live Nation faces a major threat to its ticketing cash cow with the DOJ’s ongoing antitrust lawsuit and is still paying settlements related to its Astroworld litigation, reporting $94 million in accruals for Q2 .