Photo by Rene Huemer via Phish’s Facebook page

Phish’s annual destination event at Cancun, Mexico’s Moon Palace continued yesterday. Much like the run’s first and second concerts, night three of the four-show event featured both a song debut and a bust out. It’s a notable shift from 2025, when Phish didn’t introduce any new material and only debuted two covers as part of their New Year’s Eve gag, though they revived several cuts during the course of year.

After Thursday’s show featured a four-song, jam-forward second set exclusively focused on material introduced since 2019, Friday’s first set packed in a number of classic tunes and newer standards. Phish kicked off the segment with the up-tempo “Blaze On,” which featured a location-specific lyrical change to “dancing on the beach.” From there, the Vermont Quartet moved on to “Bouncing Around the Room,” “Evolve,” “Wolfman’s Brother,” “Tube” and “Water in the Sky.” The show’s first segue took place next, as Phish moved from the Billy Breathes single “Free” into an over 14-minute take on “Bathtub Gin,” a favorite at the beachside event. Page McConnell’s Vida Blue cut “Most Events Aren’t Planned” closed the set.

The musicians kicked off their second set with an extended improvisational sequence that segued from a 27-plus minute “Carini” into an over 13-minute “Light,” The Story of the Ghost semi-rarity “Frankie Says” and an over 13-minute “Everything’s Right.” Of note, “Frankie Says” had not been played since July 30, 2023. An almost 20-minute spin on a new number, “Life Saving Gun,” and an energetic “First Tube” closed the main portion of the show.   

For their encore, Phish took their first stab at a new Trey Anastasio/Tom Marshall song “Simeon,” a slower, more compact number that the Trey Anastasio Band tried out this past fall. (According to Phish.net, Anastasio and Marshall composed the tune during a summer 2025 writing session.) “A Life Beyond The Dream” brought the evening to a close.

Phish will conclude their annual trip to Mexico tonight.      

Here’s a look at last night’s setlist via Phiah.net

Friday, January 30, Moon Palace, Cancun, Quintana Roo, Mexico        

SET 1: Blaze On[1], Bouncing Around the Room, Evolve, Wolfman’s Brother, Tube, Water in the Sky[2], Free > Bathtub Gin, Most Events Aren’t Planned          

SET 2: Carini > Light -> Frankie Says > Everything’s Right, Life Saving Gun, First Tube

ENCORE: Simeon[3], A Life Beyond The Dream   

[1] Lyrics changed to “dancing on the beach.”

[2] Trey on acoustic guitar.

[3] Phish debut.

This show featured the Phish debut of Simeon. Blaze On’s lyrics were changed to “dancing on the beach.” Water in the Sky featured Trey on acoustic guitar. At the end of Bathtub Gin, Trey teased Call to the Post. Frankie Says was played for the first time since July 30, 2023 (113 shows).