Even if you ignore the $1 billion+ that the Taylor Swift “Eras Tour” brought in, 2023 was a huge year for live performances. Here’s a little explanation.
The overall earnings for the top tours in the world in 2023 were 46% more than those in 2022, according to Pollstar data. This year’s top 100 tours brought in $9.17 billion, compared to $6.28 billion in 2022. Compared to just $1.54 million in 2022, the average gross per concert has increased by 53% to $2.37 million. It demonstrates how much live entertainment has improved since the pandemic years.
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In addition to an increase in attendance, overall ticket sales increased by 18.4% in 2023, from 59 million to 70 million. The average ticket price increased from $106 in 2022 to $130 in 2023, a 23% increase. Following a dismal live event ticketing season in 2020–2021, 2023 has soared.
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Top touring acts this year are Bruce Springsteen (‘Springsteen and the E Street Band 2023 Tour’), Beyoncé (‘Renaissance Tour’), and Taylor Swift (‘Eras Tour’), who together account for 21.8% of the top 100 global gross. Taylor Swift broke all previous records when she became the first tour to earn more than $1 billion. While Bruce Springsteen made $379.5 million with a comparatively low average ticket price, Beyoncé grossed $580 million in 56 appearances. Who made the most money performing on tour in 2023?
Based on all available data, 2023 is predicted to be a record-breaking year for live music events, and 2024 is expected to maintain this trend. Numerous artists, like Drake, Bruce Springsteen, Coldplay, Taylor Swift, and many more, are still on the road. People all throughout the world are rushing to see their favorite performers again, thus the two-year (2020–21) absence of live music events has been felt deeply.
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