Live Nation Entertainment Q3 FY25: where the revenue came from and where it went
The whole income statement of Live Nation Entertainment for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2025
- Reported
- Nov 4, 2025
Revenue$8.50B
+11% year over year
Gross profit$1.80B
21% margin
Operating profit$0.79B
9% margin
Net profit$0.43B
5% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 8.50 | 100% | +11% |
| Concerts | 7.28 | 86% | +11% |
| Ticketing | 0.80 | 9% | +15% |
| Sponsorship & advertising | 0.44 | 5% | +13% |
| Other and unallocated | −0.02 | 0% | |
| Cost of revenue | −6.70 | 79% | |
| Gross profit | 1.80 | 21% margin | +0pp |
| SG&A | −1.01 | 12% | −1pp |
| Operating profit | 0.79 | 9% margin | +1pp |
| Interest & other costs | −0.11 | ||
| Tax | −0.25 | ||
| Net profit | 0.43 | 5% margin | −1pp |
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