3Arena Dublin Reports €18.2M Profit in 2024 With Over 1M Attendees
The 3Arena in Dublin has reported a profit of €18.2 million in 2024, a year that saw over one million attendees enjoy 126 events. Despite a slight decrease in dividend, the Hyundai Venue's retained earnings grew significantly.
The 3Arena, owned by the Apollo Leisure Group, a subsidiary of Live Nation Entertainment, saw its revenue grow slightly to €36.5 million in 2024. This was accompanied by a significant decrease in operating costs. The venue's pretax profit in 2023 was €17 million, with a turnover of €36.2 million.
The parent company, Live Nation Ireland Holdings Limited, saw its pretax profits halve in 2024 to €5.3 million. Meanwhile, the company behind the 3Arena, Amphitheatre Ireland Limited, grew its employee headcount to 47 in 2024. The 3Arena's retained earnings grew from €58.8 million to €69.4 million in 2024, reflecting the Hyundai Venue's strong financial health.
The 3Arena's success in 2024, boosted by shows from acts like Olivia Rodrigo and Jason Derulo, sets the stage for an exciting year ahead. Upcoming events include performances by Kneecap, Ed Sheeran, and Tom Odell. Despite a slight decrease in dividend, the venue's financial growth and increased attendance indicate a positive outlook.
