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Finance

Eden Park hails record-breaking financial results

Featured image credit: Eden Park

Eden Park posted a net operating profit of NZ$8.26m (£4m/€4.7m/$5.1m) for the 12-month period ending October 31, 2023, marking the best results in the Auckland stadium’s history.

The figure is a NZ$4.6m increase over the previous year. Eden Park’s total revenue also increased by 125%, with the growth attributed to an “unprecedented” major events calendar that included the FIFA Women’s World Cup and two sold-out Ed Sheeran concerts.

Earlier this month, Eden Park announced that it welcomed over one million guests during 2023, marking a record for the stadium. Eden Park hosted nine matches during the Women’s World Cup, which New Zealand staged alongside Australia from July 20 to August 20.

Eden Park hosted the opening fixture between New Zealand and Norway, which set a new record for a football match in the country as 42,137 fans attended. The three knockout matches at Eden Park later attracted over 43,000 fans.

A total of 371,000 fans attended football matches at the stadium, while nearly 100,000 people attended the two Ed Sheeran concerts.

The past year also saw Eden Park introduce a sustainability action plan, which includes converting stadium lighting to LED, removing plastics from food and beverage operations, on-site composting, beehives, integrated ticketing to encourage use of public transport, quiet rooms for visitors with sensory needs, and EV charging stations.

Eden Park chief executive Nick Sautner said: “2023 was a remarkable year and we are incredibly proud of the historic financial results achieved. The year started out as one of the most significant in our history but also presented a number of challenges.

“Two weeks before hosting two Ed Sheeran concerts, extreme weather events put our hallowed turf underwater and while the decision to go ahead was a brave one, it ensured nearly 100,000 Ed Sheeran fans were able to enjoy the magic of Ed himself.

“This outstanding performance reflects the commitment of our team to delivering exceptional experiences for everyone who comes through our doors, and the loyal support of our partners, hirers and local community. Eden Park is a truly multi-purpose, hybrid venue, and these results reinforce the stadium’s position as a leader in the live events industry, a strategic asset for New Zealand and a community asset for Auckland.”

In April last year, Eden Park unveiled plans for a retractable roof and a new North Stand as part of a major redevelopment project.