Glastonbury Festival's profits more than doubled last year, with millions donated to charity, as the iconic event continues to thrive following a full return from the pandemic.

Accounts filed with Companies House show the festival made £5.9 million in pre-tax profit for the year ending March 2024, up from £2.9 million the previous year. Revenue also rose by 20% to £68.4 million.

True to its long-standing commitment to giving back, the festival donated £5.2 million to charities, including Oxfam, Greenpeace, and WaterAid, with the majority of profits continuing to support good causes.

In a statement, organisers said: "Following record losses caused by Covid – when Glastonbury's 2020 and 2021 events were unable to go ahead, costing the festival millions – we were pleased to enjoy successful, dry Glastonburys in both 2023 and 2024. This has enabled us to continue to rebuild the event's vital financial reserves, while also allowing us to continue to support good causes and charities."

The 2023 event alone generated around £168 million for UK businesses, according to an independent economic impact report commissioned by the festival.

While the festival has received some criticism, including comments from musician Neil Young who described it as "under corporate control," organisers continue to focus on its community roots and charitable contributions.

Michael Eavis, who founded the festival in 1970, has officially transferred his financial shares to his daughter, Emily Eavis, as part of a long-planned handover. Emily has been managing the day-to-day running of the festival for several years.

"Having entered his 90th year, Michael Eavis is proceeding with his long-held plan to pass control of the festival over to his daughter, Emily," the festival confirmed, adding that the leadership transition has been ongoing for some time.

The festival welcomed around 210,000 people to Worthy Farm last summer, with headliners including Dua Lipa, Coldplay, and SZA. The next event is already generating excitement, with Sir Rod Stewart confirmed to perform in 2025.

Looking ahead, organisers have announced a planned fallow year in 2026 to allow the farmland to recover, continuing their focus on sustainability and long-term preservation of the site.