New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 3, 2014
08:07 EDTSFXESFX Entertainment completes purchase of B2S
SFX Entertainment announced that it has completed the acquisition of the remaining 50% of B2S Holding, which specializes in hard electronic dance music. SFX now owns 100% of the company. SFX paid B2S $14.3M in cash and issued 400K shares of SFX common stock at closing. SFX had initially acquired 50% of B2S as part of its acquisition in October 2013 of ID&T, which has produced events such as Sensation, Mysteryland and Tomorrowland in Europe and around the world and TomorrowWorld in the U.S.
News For SFXE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 12, 2015
06:39 EDTSFXESFX Entertainment cuts FY15 revenue to $500M from excess of $500M
FY15 revenue consensus of $493.7M. Cuts FY15 pro forma adjusted EBITDA to $55M-$65M from $60M-$70M. The adjustment to the revenue guidance is inclusive of the anticipated impact of foreign exchange as a significant portion of the Company’s operations occur internationally. The adjustment to the pro forma adjusted EBITDA expectation reflects the Company’s share of the expected losses related to the start-up costs for Rock in Rio Las Vegas, which is expected to be approximately $4M-$5M.
06:39 EDTSFXESFX Entertainment reports Q1 EPS (46c), consensus (33c)
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use