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In Live Nation’s Busiest Summer, Revenue Was Down But Operating Income Was Up
Live Nation's Q3 earnings show that revenue was down but AOI was up on the company's amphitheaters business. AOI reached a record $909.8 million.
With the number of shows up 13% and fan attendance up 3%, adjusted operating income (AOI) reached a record $909.8 million, up 4% from the prior-year period, the company announced Monday (Nov. 11). Recent stadium ticket on-sales — including Coldplay, Rüfüs Du Sol and Shakira — saw double-digit growth in gross sales compared to past tours. Venue Nation expects to host about 60 million fans in 2024, up 8% from 2023; it will benefit from VIP enhancements at Northwell at Jones Beach amphitheater in New York, Estadio GNP in Mexico City and others.
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