Live Nation Entertainment has Taylor Swift and Beyoncé to thank for propelling the live concerts organizer to its strongest quarterly results to date. "Today we delivered our strongest quarter ever and are on pace for a record 2023," Live Nation CEO Michael Rapino said in a statement. The ticket-industry giant said it has sold a record 140 million tickets so far this year, up 17% year-over-year and has already surpassed the 121 million tickets sold in all of 2022. To be sure, live concerts returned with a bang in 2023, with Taylor Swift and Beyoncé becoming the hottest tickets in town. So we're very confident that both Ticketmaster, Live Nation are going to have big, strong years next year with a pipe full that will overcome this year's numbers," Rapino said in a call with analyst on Thursday.

Source: Daily Nation November 03, 2023 23:48 UTC