Live Nation scores biggest summer season yet
"The demand is there if you price it smart," says CEO Michael Rapino after the promoter's Q3 revenue increased to $6.2 billion
News By James Hanley | 4 November 2022
Live Nation has delivered its biggest summer concert season in history, with Q3 revenue up 63% on pre-pandemic levels to $6.2 billion.
The company’s operating income for the period rose 95% to $506 million, while reported AOI increased 45% to $621m as it achieved its highest quarterly attendance ever with over 44 million fans across 11,000 events.
In addition, its Ticketmaster business transacted $6.7bn of fee-generating GTV on 71m tickets, up 69% and 42% respectively, relative to Q3 2019, while sponsorship had another record quarter, droving…
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