Over 44M People Attented Live Nation Concerts in Q3 2022 – It's Highest Quarterly Attendance Ever

MBW’s Stat Of The Week is a series in which we highlight a single data point that deserves the attention of the global music industry. Stat Of the Week is supported by Cinq Music Group, a technology-driven record label, distribution, and rights management company. Concerts giant Live Nation just delivered what it says was the “biggest summer concert season in history”.

According to new investor filings, the company generated Q3 revenues of $6.15 Billion in the three months to end of September, up 63% YoY. Those revenues were generated across all divisions, including concerts, ticketing and advertising & sponsorship. Live Nation delivered these results, according to President and CEO Michael Rapino, writing to investors this week, “despite varying economic headwinds including inflation”.

He added: “Fans around the world continue prioritizing their spend on live events, particularly concerts. “We have not seen any pullback in demand, as on-sales, on-site spending, advertising and all other operating metrics continue showing strong year-on-year growth.”

The company’s record quarter was driven by its concerts division, which generated revenues of $5.29 billion, up 67% YoY (see below). Rapino told investors that the company is seeing “double-digit attendance growth across all venue types including clubs, theaters, amphitheaters, arenas, stadiums and festivals”.

Live Nation says that it held 11 thousand concerts for over 44 million fans across nearly 50 countries in Q3 – its highest quarterly attendance ever. Attendance at the company’s stadium events more than tripled to 8.7 million fans in Q3 2022 compared to Q3 2019. Attendance at the company’s festivals was approximately 6.5 million in Q3 2022, up nearly 40% compared to Q3 in 2019. Year-to-date, 89 million fans have attended 31,000 Live Nation events

Read more:
www.musicbusinessworldwide.com/over-44m-people-attended-live-nation-concerts-q3-its-highest-quarterly-attendance-ever12/