Live Nation has reported its latest financial results, with the company’s revenues rising 2% year-on-year to $868m in the first quarter of 2012. However, its losses widened from $48.5m in Q1 2011 to $69.2m in Q1 2012 as it continued to invest in its e-commerce and marketing platform. “Importantly, we also saw a 6% increase in ticket sales this quarter as compared to last year, reflecting strong demand for our live events and giving us great confidence that we are well positioned for the summer concert season,” said president and CEO Michael Rapino.

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