Isle of Wight festival increases profits despite fall in attendance

According to a report by The Guardian… Festival made £3.4m profit in 2024, generating £2.6m dividend for its parent company, part of Live NationPet Shop Boys and The Prodigy helped the Isle of Wight music festival increase its profits last year, generating a £2.6m dividend for its parent company, a division of the events industry’s biggest player, Live Nation.In a year when many smaller music festivals lost money or were cancelled amid wet weather and soaring costs, the summer showpiece on the island, a ferry ride across the Solent from England’s southern coast, managed to prosper. Continue reading… complete report is on below link. Source: https://www.theguardian.com/business/2025/sep/28/isle-of-wight-festival-increases-profits-despite-fall-in-attendance