Live Nation Posts Record-Breaking Q3

Live Nation has released its Q3 results, demonstrating double-digit revenue growth.

The topline:

• Revenue of $8.5 billion, up 11% from $7.7 billion in the same quarter last year.

• Operating income of $793 million, up 24% YoY.

• Adjusted operating income (AOI) of $1.03 billion, up 14% YoY.

• Record stadium show count, up 60% globally YoY.

• Total revenue for the first nine months of 2025 of $18.89 billion, up 8% YoY.

• Ticket sales for the first nine months up 4% to 150 million, tracking towards 160 million fans for the full year.

What they said:

• Michael Rapino, President and CEO of Live Nation: “Strong fan demand drove another record quarter, as we continue to attract more fans to more shows globally. With these tailwinds, 2026 is off to a strong start with a double-digit increase in our large venue show pipeline and increased sell-through levels for these shows. At the same time, we’re continuing to invest in new venues to grow the market, create jobs, and give artists even more ways to reach fans, positioning Live Nation on a clear path for double-digit operating income and AOI growth this year and compounding at this growth level over the next several years.”