Chicago Symphony Orchestra Reports $23 Million in Ticket Sales, Operating Deficit

In Friday’s (11/1) Chicago Pulse, Sophia Brown writes, “The Chicago Symphony Orchestra (CSO) has seen a significant increase in ticket sales, yet it still faces challenges in achieving full financial stability as it continues to recover from the severe impacts of the pandemic on the performing arts sector. According to the orchestra’s latest financial report, released today, the CSO earned $23 million in ticket sales for the fiscal year ending June 30, marking its second-highest revenue since reaching a record $23.3 million in 2018. Overall operating revenue climbed nearly 9% to $32 million, driven by robust ticket sales, with an average attendance capacity of 77% for performances at Orchestra Hall in the Symphony Center, an increase from approximately 70% the previous year. Financial contributions from other sources, including private donors and government support, rose slightly to $46.3 million. Despite these encouraging trends and growth compared to the previous year, the CSO reported an operating deficit of $1.4 million, as operating expenses soared to $80.2 million in fiscal year 2024, up from $77 million the prior year…. CSO Association President Jeff Alexander remains optimistic, highlighting the organization’s ongoing growth in key areas such as ticket sales and audience attendance.”