Live Nation Reports Record Revenue Despite DOJ Lawsuit and Astroworld Settlements
Q2 revenue climbs 7% to over $6 billion, driven by strong concert demand and strategic investments, as legal challenges loom.
- Live Nation's Q2 revenue reached $6.023 billion, up 7% year-over-year, with operating income increasing by 21%.
- The company sold 183 million fee-bearing tickets year-to-date, with 39 million fans attending concerts in Q2.
- Live Nation faces a DOJ antitrust lawsuit and has paid $280 million in Astroworld settlement accruals.
- Despite legal issues, Live Nation plans to build 10 new venues across the U.S., Latin America, and Asia.
- Onsite sponsorship revenue from operated venues and festivals is up 28% year-to-date.