AnalysisSep 27, 2026 · 5 min read

How many times has this fan come back?

An American VIP company measured nearly a million transactions and found the point where an occasional buyer turns into a high-value fan. Seeing that point in your own audience depends on recognizing the same person across separate purchases.

Gabriel Lupi
Gabriel Lupi
Ex-Amazon Music and Deezer
the front barrier of a concert seen from the side of the stage, hands raised and strong light from above; over a single person in the front row, three identical points of light, as if the same presence had been recorded three times over time
Editorial illustration generated with AI support

Tara Bess is 43, lives in Florida and spent nine months driving for a rideshare app, on top of her job, to save up for a Harry Styles show at Madison Square Garden. She paid $1,400 on a resale site for a VIP ticket with early entry and a spot at the barricade. She told the Guardian on 21 September 2026: "When you're up close, you can see him closing his eyes and almost meditating to the music."

The resale site is what holds Tara's name. Whether it reaches the artist depends on what is contracted between the artist, the primary ticketing company and the platform where she bought.

The point where the math turns

Two days after that story ran, Please & Thank You, the American company that operates VIP programs for artists including Sabrina Carpenter and the Backstreet Boys, published an analysis of nearly one million VIP transactions covering 2024 to 2026. What it set out to measure was repetition.

The count runs among people who have already bought VIP at least twice, and the curve looks like this: of those buyers, 20.1% reach a third purchase. Those who reach the third have a 37.6% chance of making a fourth. From there the curve rises at every step: 53.2% from the fifth to the sixth, 65.7% from the seventh to the eighth and 80.6% from the ninth to the tenth. The study calls the 20.1% "the hardest cliff in the funnel" and shows that, past it, retention climbs fourfold across the next seven transactions.

Eddie Meehan, the company's CEO, sums up why that matters: "There's a ceiling on what a fan will pay for a single ticket. There isn't one on what they'll spend coming back for more."

The most useful line in the study, though, is an admission. This, they write, is "the inflection point most of the industry has never measured."

To see the curve, you have to see the person

A repeat-purchase curve only exists if someone can state that today's purchase and one from two years ago belong to the same person. Please & Thank You can, because it operates the program and holds the transaction. An artist who sells VIP through third parties sees whatever the contract grants: sometimes the buyer's record, sometimes only a sales report. In Tara's purchase there is one more intermediary along that path.

And even the party that owns the data sees only a stretch of it. The study's sample starts with people who have already bought twice, so the move from a first purchase to a second, which is where most of an audience probably falls away, sits outside the count even for them.

Why the ticket price doesn't fix it

The National Independent Talent Organization, an American trade body for the independent sector, opens up a $100 ticket. $22 goes to ticketing fees, split between venue, promoter and ticketing company, and the artist receives none of it. $30 pays for show production. Of the artist's $40 gross share, $31.84 covers touring expenses: travel, band, crew, gear. That leaves $8.16 for the artist and $8.00 of profit for the promoter.

With math like that, every extra dollar on the price earns little and wears the audience down. What moves the year's result is the second, the third and the tenth purchase by the same person.

People who come back spend on everything

Luminate defines superfans as listeners who engage with an artist in five or more distinct ways, and finds that 20% of U.S. music listeners qualify today, up from 18% in 2024. That group spends $113 a month on live music against $68 for the average listener, and 73% of them buy artist merchandise against 26% of the average.

Brand money moves in the same direction. In the U.S. live music market, sponsorship is the segment with the highest projected growth, at 9.95% a year through 2031, according to Mordor Intelligence in 2026. Anyone growing at that rate walks into the meeting asking for proof of results, and proof of results is behavioral data about who buys.

In Brazil, repetition is the bottleneck too

The Mapa dos Festivais Panorama for 2025 tells a Brazilian version of the same story: of the 69 festivals that debuted in 2024, 19 came back in 2025. Seven out of ten never had a second edition.

On the audience side, the Musicalize study from June 2026, with 1,070 people in a national sample, shows that 57.7% did not attend a single show in twelve months and 17% attended three or more. And that group of three or more bought or tried a product on an artist's recommendation in 30.9% of cases, against 14% for the general average, an index of 224.

These are different measures, one counting festivals and the other counting people. What they share is where the value shows up: in repetition. And repetition is only visible to whoever can count it.

For managers and festival promoters

If you sell VIP, boxes, packages or premium areas, the question that decides your year is how many people have bought from you more than once. Answering it is record-keeping work: bringing ticketing, store and your own list into a single base, with consent, and recognizing the same person each cycle.

It is the same work that carries the sponsorship conversation. The brand wants to know who was there and what those people did afterwards, and that answer lives in your database, not in the ticketing company's report.

From your last tour or edition, how many people do you know have bought from you three times?

Read also: The superfan is worth a house of your own · Jão's greatest asset

Let's talk

Want to talk about this piece?

Message me on WhatsApp: the text already says which piece you came from.

Please & Thank You, "The VIP Economy: Key Findings" (Q2 2026), white paper published on 23 September 2026: the repeat-purchase curve (Figure 03, cohort "P&TY VIP repeat buyers", stated source "P&TY transaction analytics, 2024–2026 cohort"), the anatomy of a $100 ticket (Figure 05, data from the National Independent Talent Organization), the Luminate figures (Luminate 2024 Year-End Music Report and Luminate 2026 Midyear Music Report) and the sponsorship projection (Mordor Intelligence, 2026); the announcement of the study (23 September 2026), source of Eddie Meehan's quote and of the inflection-point line. The Guardian, "How much is being close to your favorite artist worth? Superfans are reshaping the concert industry", Rosalind Adams, 21 September 2026: the Tara Bess account. Mapa dos Festivais, Panorama 2025 (3rd edition), p.17: first-edition festivals from 2024 that returned in 2025. Musicalize, "Marcas que Viram Hit" (1st edition, June 2026), national quota sample, n=1,070, fieldwork 24 to 30 June 2026: show frequency and conversion index. Analysis and framing by the author.

Note: Please & Thank You sells VIP programs to artists, and Musicalize sells music branding strategy. Both studies come from parties with an interest in the result, and are cited as such. The repeat-purchase curve carries two conditions worth recording: the sample consists of buyers who have already made at least two purchases, so it does not measure how many first-time buyers ever return, and the sequence is not uniform (the transition from the eighth to the ninth purchase drops to 62.6% before climbing to 80.6%). The white paper describes its sample by period, with no count of artists or countries; the study's download page states 302 artists across 34 countries and calls the same volume VIP "allocations", while the announcement calls them "transactions". The anatomy of the $100 ticket is an American model published by a body that represents the independent sector. Luminate's definition of a superfan (five or more forms of engagement) is not comparable with other superfan definitions in circulation, which measure different things. The Guardian's report does not state what agreements the artist holds with the ticketing company or the resale platform, and this text treats access to that record as a contractual question rather than asserting that it does not exist. The Brazilian sources were translated from Portuguese by the author. The reading that a repeat-purchase curve depends on recognizing the same person across separate purchases, and that this is what separates whoever runs the program from whoever sells through third parties, 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 cited at the end.
The next step

The value is in the third purchase. You can know who got there.

If you manage an artist or produce a festival, bring ticketing, store and your own list into a single base and start counting who repeats. A 45-minute conversation, no strings attached.