A jury found Ticketmaster overcharged fans $1.72 a ticket, as the states that sued report, after the Justice Department settled in the first week of trial. The full case file, from the public record: how Live Nation's business works, what the government's complaint says Ticketmaster did, what the jury found, and what is still undecided.
overcharge per ticket the jury found, as the states that sued report.
PA AND NY ATTORNEYS GENERAL, APR 2026of Live Nation's revenue is ticketing, FY2025.
LIVE NATION 10-K FY2025, SEGMENT NOTEof its adjusted operating income is ticketing. Our arithmetic.
10-K FY2025, OUR ARITHMETICWhat the record is. Live Nation's figures come from its FY2025 10-K; the shares are our arithmetic. The exclusive contracts of 3 to 14 years, the renewal rate, the 2021 internal deck and the chief executive's quote are allegations in the government's amended complaint. The verdict, including the $1.72 overcharge per ticket for covered tickets sold from May 2020 through 2024, is as reported by the state attorneys general; we did not read the verdict form itself.
| Number | What it is | Where |
|---|---|---|
| $1.72 | Overcharge per ticket, covered tickets sold May 2020 through 2024, as the attorneys general report it | PA AG; CA AG |
| 12.2% | Ticketing's share of Live Nation revenue, FY2025 | 10-K segment note |
| 47.9% | Ticketing's share of adjusted operating income: $1.13B of $2.37B. Our arithmetic | 10-K segment note |
| 3 to 14 yrs | Length of exclusive venue contracts. An allegation | Complaint para. 236 |
| 80% | Share of concert ticket face value at major venues, 2022. An allegation | Complaint para. 182 |
Open the documents above. Every number in the video points to its page.
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