Live Nation Q1 revenue falls 11% to $3.38 billion; operating income rises to $115 million
Live Nation reported first-quarter 2025 revenue of $3.38 billion, down 11% from $3.80 billion a year earlier, while operating income swung to $115 million from a loss of $41 million. Adjusted operating income fell 6% to $341 million, and the company said it expects double-digit growth in operating income and adjusted operating income for 2025. Shareholders see a mixed picture: the top line and the company's key profit measure declined, but operating income and the per-share loss improved.
Key points
- Revenue of $3.38 billion for the quarter ended March 31, 2025, compared with $3.80 billion a year earlier
- Operating income of $115 million, compared with a loss of $41 million; adjusted operating income of $341 million, compared with $362.5 million
- Basic and diluted net loss per share of $0.32, compared with $0.56 a year earlier
- Concerts event-related deferred revenue of $5.4 billion, up 24% from a year earlier; the company expects double-digit growth in operating income and adjusted operating income in 2025
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.