Latest News

Back to Latest News back

 

Live Nation reports 2023 as ‘biggest year ever’ for concert attendance and ticket sales

Live Nation reports 2023 as ‘biggest year ever’ for concert attendance and ticket sales
February 23, 2024

Live Nation, the entertainment giant that owns Ticketmaster, has reported its biggest year ever in 2023, with soaring revenue driven by 145 million fans attending 50,000 events “from clubs to stadiums”.

In its end-of-year report, the company said concert attendance driven by international tours from mega-artists as Taylor Swift and Beyoncé - was up by 20% compared to 2022, prompting a 36% increase in total revenue to US$22.7 billion, while operating income went up 46% to US$1.07 billion.

Commenting on the results, Live Nation President and Chief Executive, Michael Rapino stated “the live music industry reached new heights in 2023, and demand for live music continues to build.

“Our digital world empowers artists to develop global followings, while inspiring fans to crave in-person experiences more than ever.

“At the same time, the industry is delivering a wider variety of concerts which draws in new audiences, and developing more venues to support a larger show pipeline.

“Against this backdrop, we expect all our businesses to continue growing and adding value to artists and fans as we deliver double-digit operating income and AOI growth again this year, with our profitability compounding by double-digits over the next several years.”

The report also highlighted the global industry expansion in its blockbuster year, with 50% more international acts in the top 50 tours, and 15% more shows on average, compared to five years ago - before the pandemic brought the live entertainment industry to a halt.

Live Nation’s investment in artists increased by over 40% to over US$13 billion, with the report noting that it promoted “nearly 7,000 touring artists in 40+ countries”.

Click here to read details from Live Nation’s 2023 end-of-year report.

Image: Taylor Swift on stage: Credit: Paolo Villanueva via Wikimedia Commons.

Related Articles

12th February 2024 - Live Nation study reveals true impact of live music in building brand loyalty

15th December 2023 - Ticketmaster announces new partnership with Cbus Super Stadium and extension of Stadiums Queensland relationship

14th December 2023 - Post-pandemic recovery of live entertainment led by international acts

24th November 2023 - Live Nation’s Spilt Milk music festival returns for its highest ever attendance per event

8th November 2023 - Mastercard and Live Nation partner to offer exclusive experiences for cardholders

3rd November 2023 - Live Nation generates record revenues and attendances in last quarter

25th October 2023 - Roger Field exits role as President of Live Nation Asia Pacific

18th September 2023 - Live Nation study finds that fans are more loyal to brands that offer live music perks

6th September 2023 - Live Nation Australia collaboration to deliver BBC Earth Experience for Melbourne

25th August 2023 - Live Nation Australia partners with children’s cancer charity to raise much-needed funds

24th August 2023 - Live Nation to present music performances at Westfield destinations across Australia and New Zealand

22nd August 2023 - Vodafone and Live Nation partner to give customers exclusive access to Australia’s most anticipated live music acts

27th July 2023 - Live Nation and The Push launch Music Industry Mentoring Program For Emerging Talent

25th July 2023 - Live Nation undertakes upgrades at Anita’s Theatre in Thirroul

14th July 2023 - Live Nation release consumer App combining music and meditation

22nd May 2023 - Live Nation and South Korea’s Busan city to develop new 20,000-capacity arena

9th May 2023 - Live Nation first quarter results show soaring fan demand for concerts

24th March 2023 - Ticketmaster announces artists it expects to take off in 2023

23rd March 2023 - Live Nation announces acquisition of majority stake in Clockenflap Festivals and Clockenflap Presents in Hong Kong

17th March 2023 - Live Nation secures lease to operate Melbourne’s Festival Hall

8th March 2023 - Live Nation Australia announces partnership with Asahi Beverages

9th July 2022 - Live Nation Philippines threatens ‘legal action’ over unauthorised selling of Manila concert tickets

13th May 2022 - Live Nation project aims to make Middle East concert tours more environment-friendly

9th May 2022 - Live Nation advises of soaring revenues over last quarter

4th March 2022 - ASM Global, Live Nation and Oak View Group pledge to end doing business with Russia

24th February 2022 - Live Nation expresses optimism about the power and resurgence of live events


Support our industry news service
We hope that you value the news that we publish so while you're here can we ask for your support?

As an independent publisher, we need reader support for our industry news gathering so ask that - if you don't already do so - you back us by subscribing to the printed Australasian Leisure Management magazine and/or our online news.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

Elite Pool Covers

Since 1989 Elite Pool Covers have designed and manufactured an extensive range of high quality affordable manual,semi-automatic and fully-automatic pool cover systems for the harsh Australian…

read more

Aquatics / Environment / Technology / Venues

 
 

Technogym Australia

Technogym is the leading company in the Wellness and Fitness field all over the world. With 2,200 employees, 14 branches in Europe, U.S., South America, Asia  and Australia, Technogym exports its…

read more

Fitness / Technology / Wellness

 
 

Momentus Technologies

About: Momentus Technologies is a global provider of industry-leading venue and event management solutions that empower organizations to create extraordinary moments. With over 50,000 users in more…

read more

Entertainment / Events / Hospitality / Technology / Venues

 
 

Humanforce

Humanforce is a global provider of workforce management solutions for companies who need flexibility to manage complex workforces. Companies use Humanforce to manage everything from time and…

read more

Hospitality / Retail / Technology / Venues

 
 

Active World

Since 2019, Active World's development team has been delivering a comprehensive single solution that caters to the diverse requirements of successfully operated and managed leisure centres. The…

read more

Aquatics / Billing / Fitness / Recreation / Technology

 
 

Ausfit

Ausfit began in 1992, providing software services to the health and fitness sector including ClubWise, a fully hosted web-based product which combines state of the art club management software,…

read more

Billing / Finance / Fitness / Technology

 
 

Riedel Communications Australia Pty Ltd

We live for media production and global events, providing real-time networks for video, audio, data and communications.

read more

Entertainment / Events / Technology / Venues

 
 

Myzone

Email for trade enquiries: Enquiriesapac@myzone.org  Customer support desk - Click Myzone support or go to ‘help’ on myzone app to access live support. Myzone® is the leading…

read more

Fitness / Sport / Technology / Wellness

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business