Sold-out gigs boost pre-tax profits at O2

Sold-out gigs by Rihanna, Katy Perry, and George Michael at Dublin’s O2 last year contributed to the arena’s co-owners recording a 5% increase in pre-tax profits to £6m (€7.45m).

According to accounts just lodged by UK-based Apollo Leisure Group, revenues dipped by 2% from £16.5m to £16.1m in the 12 months to the end of December.

The group’s only operating subsidiaries are the Dublin-based Amphitheatre Ireland, which operates the O2, and Live Nation Ireland Holdings, an investment holding company that receives dividends from Amphitheatre Ireland.