| Summarized financial information |
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ÌýÌýÌýÌý |
June 30, 2025 |
ÌýÌýÌýÌý |
December 31, 2024 |
ÌýÌýÌýÌý |
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amounts in millions |
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Current assets |
​ |
$ |
11,823 |
Ìý |
9,290 |
Ìý |
Property, plant and equipment, net |
​ |
Ìý |
2,949 |
Ìý |
2,442 |
Ìý |
Intangible assets |
​ |
​ |
1,461 |
​ |
1,366 |
​ |
Goodwill |
​ |
Ìý |
2,821 |
Ìý |
2,621 |
Ìý |
Investments in affiliates |
​ |
​ |
484 |
​ |
504 |
​ |
Other assets |
​ |
​ |
3,612 |
​ |
3,416 |
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Total assets |
​ |
$ |
23,150 |
Ìý |
19,639 |
Ìý |
​ |
​ |
​ |
​ |
​ |
​ |
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Current liabilities |
​ |
$ |
13,458 |
​ |
9,358 |
​ |
Long-term debt, net |
​ |
​ |
4,991 |
​ |
6,177 |
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Other liabilities |
​ |
​ |
2,395 |
​ |
2,159 |
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Redeemable noncontrolling interests |
​ |
​ |
1,378 |
​ |
1,126 |
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Equity |
​ |
​ |
928 |
​ |
819 |
​ |
Total liabilities and equity |
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$ |
23,150 |
​ |
19,639 |
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Three months ended |
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Six months ended |
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June 30, |
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June 30, |
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2025 |
ÌýÌýÌýÌý |
2024 |
ÌýÌýÌýÌý |
2025 |
​ |
2024 |
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amounts in millions |
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Revenue |
​ |
$ |
7,007 |
Ìý |
6,023 |
Ìý |
10,389 |
​ |
9,823 |
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Operating expenses: |
​ |
Ìý |
​ |
​ |
​ |
​ |
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​ |
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Direct operating expenses |
​ |
​ |
5,211 |
​ |
4,408 |
​ |
7,466 |
​ |
7,060 |
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Selling, general and administrative expenses |
​ |
Ìý |
1,003 |
Ìý |
926 |
Ìý |
1,782 |
​ |
1,908 |
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Depreciation and amortization |
​ |
​ |
159 |
​ |
138 |
​ |
308 |
​ |
270 |
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Other operating expenses |
​ |
​ |
147 |
​ |
85 |
​ |
232 |
​ |
161 |
​ |
​ |
​ |
​ |
6,520 |
Ìý |
5,557 |
Ìý |
9,788 |
​ |
9,399 |
​ |
Operating income (loss) |
​ |
​ |
487 |
​ |
466 |
​ |
601 |
​ |
424 |
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Interest expense |
​ |
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(72) |
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(80) |
​ |
(152) |
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(161) |
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Other income (expense), net |
​ |
​ |
5 |
​ |
70 |
​ |
37 |
​ |
192 |
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Earnings (loss) before income taxes |
​ |
​ |
420 |
​ |
456 |
​ |
486 |
​ |
455 |
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Income tax (expense) benefit |
​ |
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(117) |
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(80) |
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(137) |
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(121) |
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Net earnings (loss) |
​ |
​ |
303 |
​ |
376 |
​ |
349 |
​ |
334 |
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Less net earnings (loss) attributable to noncontrolling interests |
​ |
​ |
60 |
​ |
78 |
​ |
82 |
​ |
91 |
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Net earnings (loss) attributable to Live Nation stockholders |
​ |
$ |
243 |
​ |
298 |
​ |
267 |
​ |
243 |
​ |
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