Overview
- Third-quarter revenue rose to $8.50 billion from $7.65 billion a year earlier, slightly below the $8.57 billion LSEG consensus.
- Concert-business revenue reached $7.28 billion, missing analysts’ $7.67 billion expectation.
- Ticketing dollars were about $797.6 million, edging past the $793.2 million estimate.
- Adjusted operating income increased 14% to $1.03 billion as operating income climbed 24% to $793 million.
- Management signaled momentum into next year with a double-digit increase in the large-venue pipeline, 26 million 2026 tickets sold to date, and a 2025 fan-count outlook near 160 million led by international markets.