Live Nation had moderate year-over-year growth, with the release of its year-end report that saw total revenue of $23 billion, operating income of $825 million and adjusted operating income of $2.15 billion.

Ticketmaster parent Live Nation (LYV) reported a revenue and profit beat for the fourth quarter, and the company guided to spend up to $1B this year on venue expansion efforts, as music festivals and concert attendance continue to rise.