"I am delighted that we continue to deliver improved financial results and are well on track to drive strong growth in profitability for the year," said Michael Rapino, President and Chief Executive Officer of Live Nation Entertainment. "Across our portfolio this year, we have delivered growth while also improving operating margins. This is reflected in the healthy gains in free cash flow from our operations while investing in new products including festivals, re-platforming of Ticketmaster, social media and mobile apps."