Live Nation Posts Record 2025 Revenue of $25.2BN

Live Nation has posted annual revenues of $25.2 billion for 2025, up $2 billion (9%) Year on Year. The company’s operating income was $1.3 billion, up 52%, and it posted an adjusted operating income (AOI) of $2.4 billion, up 10%.

Concerts:

• Live Nation’s concerts business generated $20.9 billion in 2025 revenue, up 10% YoY.

• It also posted an annual AOI of $687 million, up 30% YoY.

• Fan attendance increased 5% to 159 million across 55,000 shows globally, with more fans attending Live Nation concerts outside the US than inside it for the first time ever.

Ticketmaster:

• The ticketing subsidiary posted annual revenues of $3.1 billion, a 3% uplift YoY, and AOI of $1.1 billion, up 1% YoY.

2026 forecast:

• Over 80% of Live Nation’s 2026 large venue shows are already booked.

• Ticket sales for concerts this year are up double-digits to approximately 67 million fans.

• Over 70% of 2026 sponsorship commitments have been booked, up double-digits.

What they said:

• Michael Rapino, Live Nation President and CEO: “In 2025, the bond between artists and their global fan bases reached new heights, fueling another year of double-digit growth. As artists continue to unlock untapped markets and headline the world's most iconic stadiums, we've built momentum that carries us into a record-breaking 2026. We're not just building venues; we're crafting world-class stages designed to elevate the artist's vision and their connection to fans. By strategically expanding our global footprint and investing in premium, upgraded infrastructure, we provide the canvas for career-defining performances. This investment doesn't just drive ticket sales – it revitalizes local economies and cements our venues as cultural anchors.”