Overview
- Revenue rose 11% to $8.50 billion in Q3, below the $8.57 billion analysts expected, as reported by LSEG.
- Operating income increased 24% to $793 million and adjusted operating income climbed 14% to $1.03 billion.
- The concerts segment delivered $7.28 billion, missing the $7.67 billion consensus despite robust fan demand.
- Forward indicators strengthened with event-related deferred revenue up 37% to $3.5 billion and 2026 ticket sales reaching 26 million, with the large-venue pipeline up double digits and nearly 75% of shows committed or offered.
- Shares fell on Wednesday after the report, as Live Nation continued to face DOJ monopoly litigation set for trial next year and an FTC scalping case, while Ticketmaster banned multiple accounts, closed TradeDesk, and named Saumil Mehta president to drive an AI-focused platform push.