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# SFX Stock Plunges 15% Despite 194% Growth
- URL: https://www.hypebot.com/sfx-stock-plunges-15-despite-194-growth/
- Published: 2014-11-14T13:07:55.000Z
- Updated: 2014-11-14T13:07:55.000Z
- Description: One of the world's largest producers of EDM events and online content, SFX Entertainment (NASDAQ: SFXE) reported quarterly financial results today and Wall Street reacted badly. Revenue, thanks mostly to major festival. Continue reading [https://www.hypebot.com/hypebot/2014/11/sfx-stock-plunges-15-d
- Author: Bruce Houghton
- Tags: Live & Ticketing, Music Business, Apple Inc., bEATPORT, Deep house, Digital audio, Dubstep, Electronic dance music, Electronic music, Listn, Mike Schmidt, SFX (magazine), #wp, #wp-post, #Import 2026-01-21 10:38

[![sfx](http://hypebot.typepad.com/.a/6a00d83451b36c69e201bb07abebb4970d-115wi "sfx")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201bb07abebb4970d-popup?ref=hypebot.com)

One of the world's largest producers of EDM events and online content, **SFX Entertainment** (NASDAQ: [SFXE](http://www.finances.com/quotes/nasdaq/SFXE.htm?ref=hypebot.com)) reported quarterly financial results today and **Wall Street reacted badly**. Revenue, thanks mostly to major festival attendance in the three months ending September 30, rose **an impressive 194.5% to $143.5 million**; while revenue for the **first nine months of 2014 increased 199.9% to $258.8 million**. But analysts were expect more and b**y mid-day Friday the stock was down nearly 15%.**

Revenue in the 2014 third quarter included $114.7 million of revenue (79.9% of total revenue) from festivals and live events that were produced, promoted, licensed or managed by SFX during the period.

[![image from djtimes.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e201bb07abeb85970d-150wi "image from djtimes.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201bb07abeb85970d-popup?ref=hypebot.com)

During the three months ended September 30, SFX produced and promoted a total of 267 events, which attracted over 1,559,000 attendees, including 27 festivals that each attracted over 10,000 attendees.

Platform revenue, which represents SFX’s 365-day a year engagement with fans outside of live events and includes sales of digital music, ticketing fees and commissions, and certain marketing and digital activities, totaled $28.8 million (20.1% of total revenue) for the three months ended September 30, 2014.

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