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Glastonbury Festival has nearly doubled its pre-tax profits during the last financial year to take the figure up to £5.9m ($7.4m/€7.1m).
The number for the financial year, which ran until March 2024, is up from £2.9m from the year before according to accounts filed with Companies House.
Glastonbury also gave £5.2m in charitable donations to organisations such as Oxfam, Greenpeace, and WaterAid during the period.
The festival has grown hugely since its beginning in 1970 and now welcomes around 210,000 people each year to Worthy Farm in the English county of Somerset.
In addition to the size increase, the price has also risen with tickets for the first edition selling for what is now equivalent to around £20 to the 2025 event which costs £378.50.
Neil Young is set to be one of the headliners for this year’s festival, which is scheduled to take place from June 25 to 29, after initially turning down a slot.
“The Chrome Hearts and I were looking forward to playing Glastonbury, one of my all-time favourite outdoor gigs,” he wrote on his website.
“We were told the BBC was now a partner in Glastonbury and wanted us to do a lot of things we were not interested in.
“It seems Glastonbury is now under corporate control and is not the way I remember it being. We will not be playing Glastonbury on this tour because it is a corporate turn-off and not for me like it used to be.”
However, Young has since changed his mind and announced that he will be performing this summer.
“Due to an error in the information received, I had decided to not play the Glastonbury Festival, which I always have loved,” he wrote.
“Happily, the festival is now back on our itinerary and we look forward to playing. Hope to see you there!”
Festival organiser Emily Eavis applauded the decision, taking to social media to say: “Neil Young is an artist who’s very close to our hearts at Glastonbury. He does things his own way and that’s why we love him.
“We can’t wait to welcome him back here to headline the Pyramid in June.”
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