Live Nation
Live entertainment & ticketing · United States
Live Nation is the world’s largest concert promoter and, through Ticketmaster, the largest ticket seller: it books tours and festivals, runs hundreds of venues, sells the tickets and earns from brands that sponsor the shows.
What makes it different
Ticketing, not concerts, earns most of its profit.
$1.13BTicketing AOIFY2025
Concerts bring 83% of revenue at a 3% margin, while Ticketmaster fees carry a 37% margin.
How big it is
How big is Live Nation?
$25.2BRevenueFY2025
159MConcert fansFY2025
17,700Full-time employees2025
How it makes money FY2025
Mostly concerts; ticketing and brands add profit.
- Concerts83%$20.9B
- Ticketing12%$3.1B
- Sponsorship & Advertising5%$1.3B
How the business works
Promote the show, sell the ticket, sell the brands.
- 1Tours and festivals
- 2Ticketmaster fees per sale
- 3Brands at venues
The same fan pays three ways: the ticket, the Ticketmaster fee, and the brands that pay to reach the crowd.
Who owns it
- Liberty Live Holdings, Inc.29.62%
- BlackRock, Inc.4.97%
CEO: Michael Rapino
Who it competes with
AAEGCCTS EventimSSeatGeekSStubHubEEventbrite
Key moments
- 2005Michael Rapino becomes CEO
- 2005Spun off from Clear Channel and listed on the NYSE
- 2010Merger with Ticketmaster
- 2020Pandemic shuts live events
- 2024DOJ antitrust suit seeks Ticketmaster break-up
Sources
Every number on this page comes from Live Nation's own reports.
Full profile
The rest of the story is in the app.
What Live Nation tracks24 metrics
Concert fans
Fee-bearing tickets
Events
Results, quarter by quarterwith a chart
Revenue
Profit
Margin
The full timeline15 moments
2022
2025
2026
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