In 2024, Live Nation reported operating income of $825 million and concert attendance up 4 percent, with 151 million fans attending over 50,000 Live Nation events.
The company brought in total revenue of $23 billion, with the concert segment bringing in $19 billion of that revenue, up 2 percent from the prior year. The company reported adjusted operating income of $530 million, up 65 percent.
More from The Hollywood Reporter
For the fourth quarter, Live Nation reported revenue of $5.7 billion, down 2 percent year-over-year, with concert revenue of $4.6 billion, down 6 percent. The company reported adjusted operating income of $157 million, compared to $117 million a year ago.
In the fourth quarter, Ticketmaster reported revenue of $841 million, up 14 percent year-on-year, for full year revenue of $3 billion. It reported adjusted operating income of $311 million, up 32 percent year-on-year, for full year adjusted operating income of $1.1 billion
Already in 2025, Live Nation said it is seeing its stadium show pipeline up 60 percent compared to this point last year, and 65 million tickets sold for Live Nation concerts in 2025, which is up double-digits due to stadium and international activity.
Stadium shows in the second and third quarters are expected to be the primary growth driver for 2025.
The company noted that artists who are touring in 2025 and had toured from 2022-2024 are averaging double-digit growth in tickets sold per show and gross revenue per show.
"2024 was live music's biggest year yet, as artists toured the world and fans turned out in record numbers. 2025 is shaping up to be even bigger thanks to a deep global concert pipeline, with more stadium shows on the books than ever before. To help artists perform to fans everywhere, we remain focused on building new music-centric venues, which make more live music memories possible and help drive our double-digit operating income and AOI growth in 2025, and compound at this level for years to come. At the same time, we're investing back into the industry for those who create the music, as our investments in artists have more than doubled in the last five years, and we will continue to find new ways to support them while enhancing the fan experience," said Michael Rapino, President and CEO, Live Nation Entertainment