Live Nation Revenue Climbs 19% to $10.1 Billion

Live Nation Entertainment posted third-quarter net income of $447.8 million, or $1.69 per share, for the period. Both earnings and revenue exceeded analyst expectations: surveyed analysts had projected $1.50 per share and $9.57 billion in revenue.

Revenue reached $10.1 billion, while operating income rose 13% year over year to $892 million. Overall attendance increased 19% to 61 million. International attendance grew 29% and made up 60% of the increase in fans.

The concerts division generated $8.7 billion in revenue and about $602.9 million in income. Ticketing brought in $870 million in revenue and more than $315 million in operating income. Sponsorship and advertising recorded nearly $506 million in revenue and more than $350 million in income.

Deferred revenue stood at $3.8 billion, 8% higher than a year earlier. CEO Michael Rapino said the company expects 180 million fans to attend events through 2026, and pointed to the appeal of experiencing live performances in person.