Live Nation reports Q3 revenue of $7.65B, with concert profits up 39%, despite slight revenue shortfall.

Live Nation Entertainment reported Q3 2024 revenue of $7.65 billion, slightly below estimates, but concert profitability reached a record with a 39% increase in adjusted operating income. Ticket sales for 2024 concerts rose 3% year-over-year to 144 million, and October ticket sales saw a 23% increase for concert events. Sponsorship revenue grew 6%, and the company has over $5.5 billion in cash. Shares rose 4.62% to $129.52 after the report.

November 11, 2024
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