Christopher BarrettLive Nation Entertainment (LNE) CEO Michael Rapino (pictured) said the world’s biggest concert promoter is on track to deliver double-digit growth in operating income and AOI (Adjusted Operating Income) this year, despite a significant drop in Q1 revenue.
In the first three months of what Rapino said is shaping up to be a historic year for live music, LNE reported an 11% year-on-year decline in revenue across its entire operation, including concerts, ticketing and sponsorship, to $3.38 billion down from $3.8bn in Q1 2024. Concert revenue was down 14% from $2.88bn to $2.48bn, while sponsorship was up 2% to $216 million.
LNE reported a fall in long-term debt from $6.17bn in Q1 last year to $5.92bn in Q1 2025.
The world’s biggest concert promoter and owner of Ticketmaster reported a sharp rise in profitability during the first three months of this year, with operating income of $115m on the back of a $41m loss in Q1 2024.
Among the positive forecasting in LNE’s financial report is the prediction that attendance at its operated venues will continue to be up double-digits this year, with the trend having been established in Q1 with attendance reaching 10m.
LNE also outlined plans to open at least 20 large venues (stadiums, arenas, amphitheaters, and large theatres) globally through 2026.
From its concert segment, LNE reported a record AOI of $7m, up from $2m, driven by substantial growth in international markets, most notably Latin America and Asia Pacific. It said non-English speaking artists now account for twice as many of the top 50 tours, as ticket sales have nearly tripled.
It said stadium ticket sales were up 80% on the same point last year (mid April), and the “global stadium pipeline” was up 60%.
The live entertainment giant said it was also enjoying high demand for its festivals worldwide, including its sold-out EDC Vegas, Lollapalooza Chicago, Lowlands, Electric Picnic and Isle of Wight Festival.
“2025 is shaping up to be a historic year for live music, with a strong start having us on track to deliver double-digit growth in operating income and AOI this year,” said Rapino. “As more artists tour the world, fan demand is reaching new heights across ticket sales, show attendance, and on-site spending. Ticket sales are pacing well ahead of last year, with deferred revenue for both concerts and ticketing at record levels.
“To support even more fans seeing their favourite artists, we’re continuing to expand our global venue network, adding 20 major venues through 2026. As the global experience economy grows, the live music industry is leading the way, and we’re positioned to compound growth by double-digits over many years.”