MarketOct 13, 2026 · 5 min read

Costs rise, ticket prices stay flat: where does the margin come from?

In Brazil, the average festival ticket barely moved in 2025, while the promoters interviewed by Mapa dos Festivais describe costs rising much faster than the box office. When the price has no room to go up, the margin has to come from somewhere else.

Gabriel LupiMapa dos Festivais
Gabriel Lupi and Mapa dos Festivais
In partnership with Mapa dos Festivais
two realities in one frame, split by a line of light: a packed stadium on the left, a half-empty club on the right; the data threads flow dense on one side and thin on the other
Editorial illustration generated with AI support

Almost everything I write about fan data starts from an argument about ownership: the relationship with the people who like your artist, or your festival, today belongs to a platform and ought to belong to you. The argument is true, and it mostly convinces people who already agree with it.

This piece starts somewhere colder, from the books of whoever produces. With ticket prices flat and costs rising, first-party data starts working as a cost defence.

In Brazil, the ticket stayed flat and costs went up

The Panorama of Brazilian Festivals 2025, from Mapa dos Festivais, and the report that accompanies the survey show that equation from both sides.

The price. The average ticket was R$338.34 per festival day in 2025, a figure the Panorama describes as similar to 2024. With positive inflation over the period, a price that stays flat in current reais means a cheaper ticket in real terms.

The cost. The report describes operating costs inflated by air fares and very expensive structures, growing at a pace far above the ability to raise money from brands and the box office. Gabriela Parente, of Festival Zepelim, in Ceará, sums it up: "The numbers do not add up: the cost of artists and logistics has tripled, but the audience cannot take a more expensive ticket and sponsorship has not kept pace."

The fight over line-ups. The organisers of Festival CoMA add a layer that deserves debate. According to the festival, the competition for acts has become unfair, with large players locking artists into exclusivity, which inflates fees and weakens independent promoters. Michelle Cano, co-founder of CoMA, describes that competition as "cannibalistic".

The result. Of the festivals held in 2024, 174 had no edition in 2025, and 90% of them were small and mid-sized. The national total held steady, at 366 festivals, because debuts and comebacks offset the departures.

Abroad, the pressure shows up in prices and in small venues

The midyear report from Billboard Boxscore, covering October 2025 to March 2026, shows global live split in two. In stadiums, arenas and amphitheatres, earnings rose more than 20%, driven in part by platinum tickets and VIP packages. In venues of up to 2,500 capacity, small theatres and clubs, earnings fell almost 9% and attendance 6%. Among the 20 highest grossing venues with 5,001 to 10,000 capacity, the rise was 7.3%. The squeeze has an address: the smaller venues.

The average ticket price of the top 50 tours fell 6.3%, to US$130.36, after already falling 5.5% in the previous report. With earnings at the top rising, the equation balances through volume and through the premium product sold on top of the standard ticket. The total for the period remains below the 2024 peak, and the report sees signs that the era of explosive post-pandemic growth has ended. Sara Mertz, of Tixr, was blunt with Billboard in May: "100%, I do think a correction is coming."

Abroad, the correction shows up in the price of the big tours and in the earnings of small venues. Here, it shows up first as a festival that does not come back.

Three places the margin can come from

For anyone producing with a squeezed margin, the immediate problem is arithmetic: revenue per ticket is not going up, costs are, and the margin has to come from somewhere. There are three possible places.

Charge more, which is precisely what the price data shows to be difficult.

Cut production, which degrades the experience and accelerates the loss of audience.

Reduce the cost of selling each ticket, by talking directly to whoever has already bought.

The third is the only one that protects the margin without touching the price or the stage, and it is there that a first-party base becomes a line in the spreadsheet.

When the top of the line-up gets concentrated

The exclusivity reported by CoMA has a practical consequence. When the most sought-after acts end up with whoever has the most capital, the independent promoter loses leverage on the thing that traditionally sold tickets: the name at the top of the poster.

One asset stays out of that dispute: the relationship with the audience that has already bought from you, organised into a base of your own. It is built edition after edition, and no competitor can lock it into exclusivity.

First-party data as a cost defence

Every show has an acquisition cost per ticket sold: paid media, platform commission, the discount you give to move unsold stock in the final week.

The marginal cost of talking to whoever has already bought sits well below the cost of finding a new buyer through paid media. Building and maintaining the base has a tooling and operating cost, and that cost is diluted with every show, while paid media charges again with every campaign.

With prices flat, every real taken out of the cost of selling a ticket goes straight to the margin, without depending on the market getting better.

Paid media is still necessary, and it aims better: the list of real buyers becomes a Custom Audience on Meta, TikTok and Google.

Information before risk

A first-party base delivers a second gain, as important as the saving. A presale to people who have already bought measures demand before you commit to fees, venue and production, and the decision about the next edition starts being made with a number in hand.

For those at the top of the market, first-party data is optimisation. For anyone producing a small or mid-sized festival, the size of those that most often failed to return in 2025, it changes two lines of the accounts: it lowers the cost of selling each ticket and it shows demand before the money leaves the bank.

Before signing the next artist fee, how many tickets do you know you can sell without paid media?

Read also: You sell out the show and have no idea who was there · The next edition starts today

Mapa dos Festivais, "Panorama of Brazilian Festivals 2025" (3rd edition): 366 festivals held and an average daily ticket of R$338.34, at a level similar to 2024. Mapa dos Festivais, the report "Por que tantos festivais pausam ou deixam de existir": 174 festivals from 2024 with no edition in 2025, 90% of them small and mid-sized, operating costs, the statement by Gabriela Parente (Festival Zepelim) and the position of the Festival CoMA organisation and of Michelle Cano on the fight over line-ups. Billboard Boxscore, midyear 2026 report (1 October 2025 to 31 March 2026), and the analysis published in the Billboard Bulletin of 27 May 2026: variation by venue category, average price of the top 50 tours, the period total against the 2024 peak, the reading about the end of explosive post-pandemic growth and the statement by Sara Mertz (Tixr). Analysis and framing by the author.

Note: Billboard measures gross earnings by venue capacity and the average price of the top 50 tours worldwide; Mapa dos Festivais counts festivals held in Brazil and records an average price per festival day. The text treats the two sets as parallel signals of pressure on price and cost, without statistical equivalence between them, and that reading is the author's. The Panorama describes the 2025 average price as similar to 2024; the reading of a fall in real terms, given inflation over the period, is also the author's. The statements about costs and about the fight over line-ups represent the view of the promoters interviewed by Mapa dos Festivais, not a market survey. The 7.3% rise refers to the 20 highest grossing venues in the 5,001 to 10,000 capacity band. The comparison between the marginal cost of talking to a first-party base and the acquisition cost through paid media is the author's analysis.

Gabriel Lupi
Gabriel Lupi led content at Amazon Music and Deezer, and co-founded Agência 14. For a long time he thought those were two different careers — they're not: both are about invisible systems for visible moments. It's that method, now applied to fan data. This piece is informational and reflects the public market data and studies cited at the end.
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