| Summarized financial information |
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ÌýÌýÌýÌý |
September 30, 2025 |
ÌýÌýÌýÌý |
December 31, 2024 |
ÌýÌýÌýÌý |
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amounts in millions |
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Current assets |
​ |
$ |
11,308 |
Ìý |
9,290 |
Ìý |
Property, plant and equipment, net |
​ |
Ìý |
3,122 |
Ìý |
2,442 |
Ìý |
Intangible assets |
​ |
​ |
1,433 |
​ |
1,366 |
​ |
Goodwill |
​ |
Ìý |
2,842 |
Ìý |
2,621 |
Ìý |
Investments in affiliates |
​ |
​ |
493 |
​ |
504 |
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Other assets |
​ |
​ |
3,690 |
​ |
3,416 |
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Total assets |
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$ |
22,888 |
Ìý |
19,639 |
Ìý |
​ |
​ |
​ |
​ |
​ |
​ |
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Current liabilities |
​ |
$ |
12,275 |
​ |
9,358 |
​ |
Long-term debt, net |
​ |
​ |
6,107 |
​ |
6,177 |
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Other liabilities |
​ |
​ |
2,524 |
​ |
2,159 |
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Redeemable noncontrolling interests |
​ |
​ |
853 |
​ |
1,126 |
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Equity |
​ |
​ |
1,129 |
​ |
819 |
​ |
Total liabilities and equity |
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$ |
22,888 |
​ |
19,639 |
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Three months ended |
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Nine months ended |
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September 30, |
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September 30, |
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2025 |
ÌýÌýÌýÌý |
2024 |
ÌýÌýÌýÌý |
2025 |
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2024 |
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amounts in millions |
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Revenue |
​ |
$ |
8,499 |
Ìý |
7,651 |
Ìý |
18,888 |
​ |
17,474 |
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Operating expenses: |
​ |
Ìý |
​ |
​ |
​ |
​ |
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Direct operating expenses |
​ |
​ |
6,438 |
​ |
5,780 |
​ |
13,903 |
​ |
12,840 |
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Selling, general and administrative expenses |
​ |
Ìý |
1,008 |
Ìý |
1,005 |
Ìý |
2,790 |
​ |
2,913 |
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Depreciation and amortization |
​ |
​ |
166 |
​ |
137 |
​ |
474 |
​ |
407 |
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Other operating expenses |
​ |
​ |
95 |
​ |
89 |
​ |
327 |
​ |
250 |
​ |
​ |
​ |
​ |
7,707 |
Ìý |
7,011 |
Ìý |
17,494 |
​ |
16,410 |
​ |
Operating income (loss) |
​ |
​ |
792 |
​ |
640 |
​ |
1,394 |
​ |
1,064 |
​ |
Interest expense |
​ |
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(80) |
​ |
(88) |
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(233) |
​ |
(249) |
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Other income (expense), net |
​ |
​ |
18 |
​ |
34 |
​ |
55 |
​ |
226 |
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Earnings (loss) before income taxes |
​ |
​ |
730 |
​ |
586 |
​ |
1,216 |
​ |
1,041 |
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Income tax (expense) benefit |
​ |
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(252) |
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(70) |
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(389) |
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(192) |
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Net earnings (loss) |
​ |
​ |
478 |
​ |
516 |
​ |
827 |
​ |
849 |
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Less net earnings (loss) attributable to noncontrolling interests |
​ |
​ |
47 |
​ |
64 |
​ |
129 |
​ |
154 |
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Net earnings (loss) attributable to Live Nation stockholders |
​ |
$ |
431 |
​ |
452 |
​ |
698 |
​ |
695 |
​ |
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