Live Nation Reports $10.1 Billion In Revenue In Jump From Last Year

Live Nation reported record third-quarter revenue of $10.1 billion, up 19 per cent from a year earlier, as its international business helped drive growth. Attendance also rose, underscoring the scale of demand for live events and the importance of overseas markets to the company.

The company said 61 million fans attended its events, a 19 per cent increase, with international attendance up 29 per cent and contributing 60 per cent of total attendance growth. Concerts generated $8.7 billion in revenue; ticketing brought in $870 million and sponsorship and advertising nearly $506 million. Operating income reached $892 million, while deferred revenue rose 8 per cent to $3.8 billion; chief executive Michael Rapino said Live Nation expects 180 million fans to attend through 2026.