Live Nation has released its numbers for 2010 and the results show its losses are 3 times as much as what they were in 2009, thanks to low concert attendance.

The company reported a loss of $228 million as of December 31. It fell from $60 million or .73 cents a share in 2009 to the new mark of $1.39 a share in 2010.

The loss was not broken down by quarter; however, the full loss from January, 2010 to September 30, 2010 was reported as $95 million. Based on the 164 million shares that are still outstanding, this would represent a number of .58 cents a share.

The company’s 4th quarter revenue dropped to $1.24 billion, which was down by 2%. For the year, it was down by 9% at $5.06 billion.

FactSet analysis predicted Live Nation would show a loss of .17 cents on $1.12 billion of revenue.

This analysis also predicted revenue to be at $4.95 billion for the entire year.

Michael Rapino, CEO of Live Nation said in a press release that the economic environment “remains challenging given pressure on the consumer.” However, he also indicated that he was optimistic about 2011 sales thus far.

He stated that the Live Nation tour lineup consists of great artists and that the company is adjusting its concert prices and advertising costs to better reflect the economic situation.

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