On a per-share basis, the company said it had a loss of 29 cents.

Still, it was a narrower loss than expected, and tempered by double-digit growth in concerts and ticketing. Traditionally, the calendar first quarter is the most sluggish of the year.

Overall, the results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 31 cents per share.

Live Nation posted revenue of $1.21 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $1.18 billion.

Live Nation shares have fallen 12 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $21.69, a fall of 22 percent in the last 12 months.

Both Live Nation President/CEO Michael Rapino and Chief Operations Officer Robert Berchtold expressed confidence that the remaining three quarters will have the company on course to a record year by December 31.