SFX has recently had a tough go of it financially. The dance music giant's stock price has fallen from its initial IPO of $13.00 to where it currently sits at $4.43. Things are starting to look a little better after the company spent the end of 2014 and beginning of 2015 tightening its belt, halting major acquisitions and reshuffling staff. Today, the company reported its 2015 quarter one financial results. Revenue for the first three months, ending on March 31, grew 56.6 percent to $52.2. million, with live Revenue accounting for 77 percent of total Revenue at $40.2 million. This was done Despite expected Losses from the start-up costs incurred by Rock In Rio Las Vegas, which adds up to approximately $4 or $5 million.
05-13-2015, 02:27 AM
SFX 2015 Q1 Revenue Soars Despite Rock In Rio Las Vegas Losses
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