Concert promoter and ticket-seller Live Nation says its second-quarter loss grew after a weak summer concert season hurt results.

Its net loss in the three months to June 30 grew to $34.6 million, or 20 cents per share, from $27.2 million, or 33 cents per share, a year earlier.

Revenue grew 21 percent to $1.27 billion, mainly because it merged with Ticketmaster in January to form Live Nation Entertainment Inc.

Analysts polled by Thomson Reuters expected a loss of 2 cents per share on $1.38 billion in revenue.

The earnings come on the heels of a disastrous investor day presentation in mid-July, which knocked 17 percent off the stock since then. Shares fell 10 cents, or 1.1 percent, at $9.36 in after-hours trading Thursday after the release of results.

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