Last $6.91 USD
Change Today +0.13 / 1.92%
Volume 151.2K
SFXE On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 1:28 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

sfx entertainment inc (SFXE) Snapshot

Open
$6.81
Previous Close
$6.78
Day High
$6.98
Day Low
$6.77
52 Week High
10/9/13 - $13.39
52 Week Low
05/15/14 - $5.41
Market Cap
615.7M
Average Volume 10 Days
525.6K
EPS TTM
$-1.80
Shares Outstanding
89.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SFX ENTERTAINMENT INC (SFXE)

sfx entertainment inc (SFXE) Related Businessweek News

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sfx entertainment inc (SFXE) Details

SFX Entertainment, Inc. is engaged in the production of live events and digital entertainment content that focuses on the electronic music culture (EMC) and other festivals. The company produces and promotes live EMC festivals and events; produces music tours; and sells event tickets through a ticketing platform, as well as provides merchandising and related services. Its live events and brands primarily include Tomorrowland, TomorrowWorld, Mysteryland, Sensation, Disco Donnie Presents, Life in Color, Stereosonic, Decibel, Nature One, Ruhr-in-Love, Electric Zoo, and others. The company also manages event-driven nightclubs.

450 Employees
Last Reported Date: 03/31/14
Founded in 2011

sfx entertainment inc (SFXE) Top Compensated Officers

Founder, Chairman and Chief Executive Officer
Total Annual Compensation: $1.0
President
Total Annual Compensation: $175.0K
Chairman of Strategy and Development
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2013.

sfx entertainment inc (SFXE) Key Developments

SFX Entertainment Inc. Presents at Sanford Bernstein Future of Media Summit, Jun-19-2014 02:45 PM

SFX Entertainment Inc. Presents at Sanford Bernstein Future of Media Summit, Jun-19-2014 02:45 PM. Venue: Boston, Massachusetts, United States. Speakers: Richard J. Rosenstein, Chief Financial Officer and Chief Administrative Officer, Robert F. X. Sillerman, Founder, Chairman and Chief Executive Officer.

SFX Entertainment, Inc. Announces Executive Changes

On June 5, 2014, SFX Entertainment Inc. announced that its board of directors had approved certain changes to the company's management team, effective immediately, placing emphasis on the integration of the company's media, creative, e-commerce and event assets across the globe. Ritty van Straalen, age 40, has been appointed to the position of Chief Operating Officer. Mr. van Straalen has served as the Managing Director of Live Events for the company since September 2013, Prior to his employment with the company, Mr. van Straalen served as Chief Executive Officer of ID&T North America, a division of ID&T Holding B.V., from September 2012 to May 2014. Mr. van Straalen is currently a party to an employment agreement with ID&T. Joseph F. Rascoff, age 68, who served as the company's Chief Operating Officer since June 2013 and a current member of the Board will now serve as the Chairman of the company's Live Entertainment operations and as Vice Chairman of the board of directors. Richard Rosenstein, age 49, the company's Chief Financial Officer and Executive Vice President, Corporate Strategy and Development has also been appointed to the position of Chief Administrative Officer. He will continue in the role of Chief Financial Officer. Prior to joining the company, Mr. Rosenstein was Vice President at Baron Capital Inc., from 2007 to 2012. Shelly Finkel was named Chairman of Strategy and Development, vacating his role as Vice Chairman of the company. Paul Greenberg, a President of the company, has stepped down from that position. Timothy J. Crowhurst continues in his role as President of the company. Chris Stephenson will continue in the role of Chief Marketing Officer with leadership of FX1, SFX's in-house creative agency, content strategy and account management. Jacob Smid, previously VP Operations at ID&T North America, will fill van Straalen's former position as Managing Director of SFX North America. At the helm of SFX Europe will be Duncan Stutterheim, CEO. Dror Erez, founding principal of Totem Love, operator of the Stereosonic festival tour, will assume the role of head of Australia. Mitchell J. Slater remains as Vice Chairman of the Board and Howard J. Tytel continues as General Counsel.

SFX Entertainment Inc. Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2014

SFX Entertainment Inc. announced unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenue was $33.33 million against $10.15 million a year ago. Operating loss was $40.77 million against $14.77 million a year ago. Loss before income taxes was $66.79 million against $19.63 million a year ago. Net loss attributable to the company was $63.57 million against $19.32 million a year ago. Pro-forma revenue was $38.07 million, adjusted EBITDA was $17.09 million, pro-forma adjusted EBITDA was $11.88 million. The pro-forma revenue and pro forma adjusted EBITDA loss reflect a combination of factors including: costs related to the addition of infrastructure and personnel to support growing live business segment, the development of marketing partnerships, and the establishment of the integrated marketing platform which were expensed during the 2014 first quarter; the first quarter is typically the year's seasonally slowest period for live events; and certain events which occurred in the 2013 first quarter did not recur in the 2014 first quarter as they were rescheduled to later periods in 2014 or were discontinued as the company executes its strategy to focus on larger events and festivals.

 

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SFXE

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Price/Earnings NM Not Meaningful
Price/Sales 3.0x
Price/Book 2.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.4x
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