SFX Reports 4Q Loss
SFX Entertainment Inc. (SFXE) on Friday reported a loss of $41.1 million in its fourth quarter.
Photo: NASDAQ.com
Afrojack (center) is flanked by SFX Entertainment board members Shelly Finkel (L), Robert Sillerman and Mitch Slater (R) to ring the closing bell on the NASDAQ stock market in celebration of its Oct. 9 initial public offering.
The New York-based company said it had a loss of 46 cents per share.
The electronic dance music promoter posted revenue of $95.9 million in the period.
For the year, the company reported that its loss widened to $131 million, or $1.49 per share. Revenue was reported as $354.4 million.
The company’s shares closed at $4.68. A year ago, they were trading at $8.
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