Live Nation Posts $23 Billion Total Revenue in Mixed 2024 Earnings Report

variety.com:

Steven J. Horowitz Senior Music Writer Live Nation had moderate year-over-year growth, with the release of its year-end report that saw total revenue of $23 billion, operating income of $825 million and adjusted operating income of $2.15 billion.

According to the report, the 2024 year-end earnings and increases were notable, yet didn’t hit comparable percentage shifts from years prior.

This year’s $23 billion was significant, yet a small increase over last year’s $22.7 billion, which was up 36% from 2022. Adjusted operating income was $2.15 billion, an increase over 2023’s $1.86 billion.

While the jump in AOI may be substantial, it’s worth noting that 2023’s AOI was up 32% over the previous year, suggesting that growth in the live event space may be slowing after a post-pandemic boom.