Jay Z, Beyoncé and One Direction helped Live Nation Entertainment to better-than-expected third-quarter profits.

The John Malone-backed company helmed by Michael Rapino reported profit of $105.2 million, or 49 cents per share, vs. estimates of 38 cents. Revenue was $2.5 billion, beating expectations of $2.4 billion.

Live Nation concert revenue grew 10 percent in the period, to $1.94 billion, while ticketing rose 8 percent, to $386.1 million.

Shares rose 0.6 percent to $25 in after-hours trading.

The company’s artist management division, which looks after the careers of Madonna and Miley Cyrus, showed the biggest growth, reporting an 18 percent uptick, to $130.9 million.

Touring represents the biggest portion of revenue for many artists, who are watching the download business move sharply south as streaming eats into sales.

Live Nation’s numbers appear to represent a healthy concert market. “The ongoing flow of new artists continues to re-energize the business, as fans more than ever find the live experience, from club shows to stadiums to festivals … the best means to celebrate their favorite artist,” the company said in its earning statement.

The company said it is currently representing 22 of the top 25 global tours.