Living nation had moderate Growth from year to yearWith the publication of its year’s report that saw a total income of $ 23 billion, operating profit of $ 825 million and adjusted operating profit of $ 2.15 billion.
According to the report, the 2024 results and increases were remarkable, but did not hit comparable percentage changes from years before. This year’s $ 23 billion was significant, but still a small increase compared to last year’s $ 22.7 billion, which increased by 36% from 2022.
Adjusted operating profit was $ 2.15 billion, an increase over 2023’s $ 1.86 billion. While the jump in AOI may be significant, it is worth noting that 2023’s AOI increased by 32% compared to the previous year, which indicates that growth in the live event space can slow down after a post-pandemic boom.
Concert revenue amounted to $ 19 billion, an increase of two percent. The report points out that concert attendance increased by 4%, with 151 million fans who participated in over 50,000 live nation events. Comparatively, attendance hit 145.8 million last year, an increase of 20.3% compared to the previous year. Sponsorship -adjusted operating profit was $ 764 million, an increase of 13 percent; Last year, AOI rose by 14 percent to $ 675.1 million.
At Live Nation’s Ticketmaster division, the annual AOI margin was in accordance with previous years, while the revenue from Q4 increased by 14% compared to $ 841 million. Q4 AOI was $ 311 million, an increase of 32%.
The company predicts continued growth through 2025, with Global Stadium Pipeline up 60%; 65 million concert tickets have already been sold. Transactioned Ticketmaster tickets for 2025 exhibitions have increased by 3% at 106 million, while committed sponsorship is up to double figures as 75% of the year is sold.
“By 2024, the biggest year of live music was yet, as artists toured the world and the fans showed up on record numbers,” said Michael Rapino, President and CEO of Live Nation Entertainment. “2025 is formed to be even bigger thanks to a deep global concert pipeline, with more stadium shows on the books than ever before. To help artists behave for fans everywhere, we remain focused on building new music centric arenas, which enable more live music memories and help to drive our double-digit operating profit and AOI growth in 2025, and composed at this level for many years to come. At the same time, we are investing back in the industry for those who create music, as our investments in artists have more than doubled over the past five years, and we will continue to find new ways to support them while improving the fan. “
