Live Nation delivers $3.1bn revenue in Q1 ’23

Live Nation posted revenue of $3.1 billion (€2.8bn) for the first quarter of 2023 – up 73% on 12 months ago – as CEO Michael Rapino hailed a breakout year for the new generation of headline artists.

The results prompted a notable uptick in Live Nation’s share price, increasing from $66.76 to $75.91 at press time.

Operating income was $143 million, with AOI at $320m, while losses narrowed from $0.39 a share in Q1 2022 to $0.25 year-on-year.

The company posted record results across all divisions, with ticket sales of almost…

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