Sell out shows by Dua Lipa at the 3Arena in Dublin last year contributed to accumulated profits at the singer’s main firm increasing to £29.94 million (€34.48 million).
Last year, Dua Lipa was ‘Levitating’ after her two sold out gigs at the Dublin venue in April 2022 generated €1.1 million at the box office. The ‘New Rules’ singer performed in front of 25,374 fans here across the two nights as part of her Future Nostalgia tour.
During her visit here, the Grammy Award-winning singer took to her Instagram to give her fans an insight into her visit here and posed in front of the Wicklow Mountains and Powerscourt Waterfall.
Now, new accounts for Lipa’s Radical 22 Ltd show a record year for the company in 2022 as accumulated profits last year increased by £8.28 million from £21.65 million to £29.94 million. Not bad for someone who only turned 28 in August.
The £8.28m post tax profit works out at average weekly profits of £159,280 for 2022.
During the same period, the firm’s cash pile reduced from £16.4 million to £9.84 million.
However, the drop in cash funds was offset by the value of investments increasing from £10.87 million to £13.76 million under ‘fixed assets’.
The balance sheet was also strengthened by the company adding an investment property with a book value of £1.58m. The firm also had other investments under ‘current assets’ rising from £3.82 million to £5.7 million.
Hit singles from the Grammy award winning best selling album including Levitating and Don’t Start Now made the Londoner one of the biggest global pop stars of 2020 and 2021 and Lipa’s Dance The Night single from the Barbie movie soundtrack has had her back in the charts in 2023.
The profit of £8.28 million at Radical 22 Ltd - formerly Dua Lipa Ltd - is more than double the post-tax profit of £4.1 million for 2021. Numbers directly employed by the company increased from two to four.
On the 2022 Billboard year-end boxscore chart, the Future Nostalgia Tour was ranked the world's 18th highest-grossing tour of 2022, grossing $89,3 million from 71 shows.
Last year, Dua Lipa scooped the Brit Award for the Best Pop/R&B Act and this followed her winning a Grammy and two Brits in 2021 for Best British female solo artist and Best British album.
Lipa was born in London to Albanian parents from Kosovo who had left Pristina in the 1990s.
