Live Nation Entertainment (LYV) reported net income of $566.9 million in the third quarter of 2026, compared with $478 million in the same period of the previous year. Revenue totaled $10.1 billion, up 19%, and operating income was $892 million, an increase of 13%.
Net income attributable to the company's shareholders was $447.8 million. Diluted earnings per share (EPS) was $1.69, versus $0.73 in 3Q25. Adjusted operating income (AOI, a non-GAAP measure that excludes items such as depreciation, amortization, acquisition expenses and stock-based compensation) was $1.18 billion, up 14%.
Concert attendance reached 61 million people, up 19%. Fee-bearing tickets totaled 98 million, up 10%, with gross transaction value (GTV) of $11.2 billion, up 13%. By segment, Concerts AOI was $602.9 million (up 17%), Ticketing was $315.7 million (up 10%), and Sponsorship & Advertising was $350.2 million (up 12%).
For the nine-month period, operating cash flow was $2.1 billion, up 45%, and adjusted free cash flow (non-GAAP) was $1.6 billion, up 25%. Capital expenditures totaled $722 million, with nearly $1.1 billion expected for the year. About 80% of the debt has a fixed rate, with a weighted average cost of 4.3%.
The company sold about 170 million tickets for 2026 through October, up 13%, and projects attendance close to 180 million for the year. It also expects double-digit growth in Concerts and sponsorship AOI and high-single-digit growth in Ticketing for the year. For 2026, it projects net interest expense of about $280 million.
