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Live Nation Revenue Soars 21% in Record First Quarter
Live Nation's total revenue grew 21% to $3.8 billion and adjusted operating income improved 15% to $367 million as every business segment improved.
Total revenue grew 21% to $3.8 billion and adjusted operating income (AOI) improved 15% to $367 million as every business segment — concerts, ticketing and sponsorship & advertisements — beat the prior-year quarter. This year, Live Nation added new clients Jaguar Land Rover’s Defender and, for U.K. festivals, headline partners Rockstar Energy and Liquid Death. Live Nation expects per-fan profitability at amphitheaters — which are 2.5 times the amount of similar third-party venues — to increase by double digits in 2024.
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