The Sydney Gay and Lesbian Mardi Gras has paused its massive post-parade Party in 2026, which costs $2 million to stage and has lost money every year since 2020, including a $140,000 shortfall last year.
Factors include losing the main venue, sponsorship cuts, inflation-driven costs, artist cancellations, and site limits. Core events like the Parade, Fair Day, and others will proceed from February 13 to March 1, with Matheson promising a 2027 return featuring fresh community events.
Fans mourn the loss of a tradition headlined by stars like Cher, while some blame shifting themes or past challenges.
