Some 151 million folks attended almost 55,000 Stay Nation occasions in 2024, a rise of 4% year-on-year, the occasions and ticketing firm stated in its full-year earnings report on Thursday (February 20).
The corporate stated 60 million followers attended exhibits in venues operated by Venue Nation, its venue working division, up by double digits from the earlier calendar yr.
Stay Nation has centered in recent times on growing its personal community of venues, and in 2024, it constructed and refurbished three new venues that attracted 2 million attendees. Return on funding on these venues was “at or above deliberate ranges,” the corporate stated.
The elevated demand drove a 3% YoY enhance in income to USD $23.16 billion, not adjusted for foreign money fluctuations. Adjusted working revenue grew 14% YoY to $2.15 billion.
Earnings per share for the yr have been $2.74, greater than doubling the $1.34 EPS recorded in 2023.
For calendar This autumn, income was down 2% YoY to $5.68 billion, whereas adjusted working revenue grew 35% YoY to $157.3 million.
Income from live shows got here in at $19.02 billion in calendar 2024, up 2% YoY. In This autumn, live performance income totaled $4.58 billion, down 6% YoY.
(Stay Nation’s newest earnings report corrected some errors in its Q1 and Q2 2023 numbers, which impacted its general numbers for 2023. Amongst different issues, the corporate adjusted its full-year income for 2023 downwards by $22.8 million. The above percentages are based mostly on the brand new, adjusted numbers.)
Ticketmaster, the corporate’s ticketing division, offered 637 million tickets in 2024, up 2.7% YoY. Ticketing income got here in at $2.99 billion, up 0.1% YoY, not adjusted for foreign money fluctuations.
In This autumn, Ticketmaster offered 176 million tickets, up 4.1% YoY, whereas income grew 13.7% YoY to $841.1 million.
“2024 was dwell music’s largest yr but, as artists toured the world and followers turned out in report numbers,” CEO Michael Rapino stated in a press release.
“2025 is shaping as much as be even greater because of a deep international live performance pipeline, with extra stadium exhibits on the books than ever earlier than.”
Looking forward to 2025, Stay Nation says its stadium present pipeline is up 60%, according to execs’ earlier predictions of a really robust stadium yr.
Stay Nation has already offered 65 million tickets for its personal live shows this yr, and 75% of anticipated sponsorships for the yr have already been dedicated. Ticketmaster has transacted 106 million tickets for 2025 up to now, up 3% in comparison with the identical level final yr.
“Artists who’re touring in 2025 and just lately toured in 2022-2024 are averaging double-digit progress in tickets offered per present and gross income per present,” Stay Nation stated.
The corporate is scaling up its rollout of recent venues and expects so as to add 20 massive venues (stadiums, arenas, amphitheaters, and huge theaters) by 2026, which it expects will add 6 million to 7 million incremental followers.
Main tasks embody stadiums in Bogotá and Toronto, together with seven amphitheaters and 9 massive theaters, Stay Nation stated.
On the corporate’s earnings name Thursday, CFO Joe Berchtold forecast round $900 million in CapEx for 2025, up virtually by half from the $632.6 million in CapEx in 2024.
“We’re persevering with to see quite a lot of alternatives which have very enticing returns globally… on the enviornment degree, globally centered on these massive theaters, each kinds of venues, that may not simply ship enticing returns, but additionally transfer some affordable quantity of followers, increase our exhibits, develop the market,” Berchtold stated.
Rapino stated he expects dwell music globally to be “a high-single, double-digit form of business for the subsequent decade.”
“2024 was dwell music’s largest yr but, as artists toured the world and followers turned out in report numbers.”
Michael Rapino, Stay Nation
On the earnings name, Berchtold addressed the continued antitrust lawsuit the US Justice Division introduced towards Stay Nation final yr. Firm execs had beforehand expressed hope for a change of method to antitrust motion within the federal administration, however Berchtold stated it’s too early to inform if that change will materialize.
“We haven’t had any discussions but. The person who you’d talk about it with has not been authorised but, not been appointed. So till that occurs, there’s nothing we will do,” he stated.
Noting that the antitrust trial is anticipated to start in early 2026, Berchtold stated the “query is, over the course of this yr… is there a path in direction of a decision with the DOJ that doesn’t result in the trial? We’ve stated within the final administration, there was actually no real interest in any dialogue on settlement. So we’re hoping that this DOJ returns to a extra conventional method.”
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