Max SteventonLive Nation has reported increased revenue and operating income for 2025, citing growth in concerts, ticketing activity, and sponsorships, alongside early indicators of continued demand heading into 2026.
The company posted revenue of $25.2 billion for 2025, up 9% year-on-year. Operating income was up 52% to $1.3bn, while adjusted operating income increased 10% to $2.4bn. Its concerts division generated adjusted operating income of $687m, up 30%.
The world’s largest event promoter said attendance at its events reached 159 million, a 5% increase year-on-year, driven by higher activity in stadium venues and international markets.
Live Nation’s ticketing arm, Ticketmaster, recorded its highest January concert ticket gross transaction value, up more than 50% compared with the prior year, led by North American on-sales.
Live Nation’s earnings report comes as the company prepares for a federal antitrust trial in the US scheduled to begin next month, after a New York judge declined to dismiss the case brought by the government and a coalition of states.
In 2024, the US Department of Justice and 40 state attorneys generals sued Live Nation and Ticketmaster, alleging the company used its market position in concert promotion and ticketing to limit competition.
Live Nation disputes the allegations. The company said the lawsuit attempts to revisit a merger that was approved by regulators at the time and argues that it is not responsible for rising ticket prices or fees.