Live Nation corporate offices in Hollywood, California. Mario Tama/Getty Images Live Nation reported second quarter revenue of $7.7 billion, up 9 percent year-over-year and operating income of $522 million, up 7 percent, in a quarter of strong ticket sales.
This marks the highest second quarter yet for Ticketmaster, which reported revenue of $852 million, up 15 percent year-over-year, and 90 million fee-bearing tickets sold, up 8 percent, with concerts as the primary growth driver. The second quarter ended with deferred ticket sale revenue of $5.2 billion, up 16 percent, for shows later in the year, pointing to continuing ticket demand.
Concerts revenue grew 8 percent to reach $6.4 billion, with fan attendance up 10 percent to 49 million, the highest second quarter attendance. Adjusted operating income of $310 million was down 14 percent due to the timing of stadium shows, venue pre-opening costs, and new international festivals.
The results come after the Department of Justice and Live Nation reached a settlement in March 2026, amid a federal trial, which included an agreement for Live Nation to pay up to $280 million in settlements and divesting its exclusive booking agreements with 13 of the amphitheaters. However, more than 30 states continued the trial and a jury found Live Nation liable for unlawful monopolization in April 2026. The legal penalties for the trial have yet to be determined, but a breakup of Live Nation and Ticketmaster is one possibility.
The company reported $450 million in legal accruals related to the trial, including the $280 million in settlements, which were recognized in its first quarter. But the legal accruals will also be reflected in the year-end results.
“The first-quarter legal accrual will weigh on reported operating income, but we remain on track for double-digit adjusted operating income growth this year — and to compound at that level for years to come,” Live Nation CEO Michael Rapino said.
“In a world of endless screens and AI-generated everything, the one thing that can’t be copied is being there. More artists are on the road than ever — and fans keep choosing to be in the room with them, driving the strongest concert ticket sales we’ve ever seen. More than 143 million tickets have sold through mid-July, over 14 million ahead of last year’s pace, with mid-teens ticket sales growth across all large venue types: stadiums, arenas, and amphitheaters,” Rapino said.
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