Live Nation is on pace to have its biggest year yet following the release of its record third-quarter 2025 earnings.
According to the earnings report, overall revenue for Q3 came in at $8.5 billion, up from $7.7 billion in the same quarter of last year and $7 billion in the second quarter of 2025. This marks an 11 percent increase over last year, when the company touted the summer concert season as its biggest ever.
To put that in perspective, Live Nation is signaling that 2025 could continue its growth for a record-breaking year. For the first nine months of 2025, overall revenue was at $18.89 billion, up eight percent compared to last year’s $17.5 billion. AOI thus far is at $2.17 billion, up nine percent over 2024’s $1.99 billion.
“Strong fan demand drove another record quarter, as we continue to attract more fans to more shows globally,” said Live Nation President and CEO Michael Rapino. “With these tailwinds, 2026 is off to a strong start with a double-digit increase in our large venue show pipeline and increased sell-through levels for these shows. At the same time, we’re continuing to invest in new venues to grow the market, create jobs, and give artists even more ways to reach fans, positioning Live Nation on a clear path for double-digit operating income and AOI growth this year and compounding at this growth level over the next several years.”
Elsewhere, AOI saw a 14 percent increase to $1.03 billion from $909.8 million during the same quarter last year. It’s also a sizable shift from Q2 2025, when AOI yielded $798.4 million. Operating income was up 24 percent to $793 million compared to last year’s Q3.
Ticket sales were up four percent to 150 million fans in 2025, forecasting 160 million fans for the full year. The company noted that growth is being led by international markets, where fan count is projected to surpass the United States for the first time.