Live Nation Entertainment, Inc. · NYSE:LYV
Live Nation Entertainment — Q1 2026 Earnings Presentation
12 slides from Live Nation Entertainment's earnings presentation, May 5, 2026
Slide 1: Live Nation Entertainment Reports First Quarter 2026 Results
LIVE NATION ENTERTAINMENT REPORTS FIRST QUARTER 2026 RESULTS “2026 is off to a powerful start, with first quarter revenue climbing 12% to $3.8 billion. In an increasingly digital and AI- driven world, the global desire for authentic human connection has never been stronger. We are seeing a fundament
Slide 2: Global Artist and Touring Momentum Accelerate 2026 Concerts Performance
GLOBAL ARTIST AND TOURING MOMENTUM ACCELERATE 2026 CONCERTS PERFORMANCE • Revenue of $2.8 billion, up 12% vs. 1Q25 • Q1 AOI of $3 million and $12 million on a constant currency basis • Over 85% of 2026 large venue shows booked (confirmed and offer-in) through the end of April, pacing up high-single
Slide 3: Concerts Demand Drives Ticketmaster Strength in Q1
CONCERTS DEMAND DRIVES TICKETMASTER STRENGTH IN Q1 (vs. 1Q25 unless otherwise noted) • Revenue of $765 million, up 10% • AOI of $256 million, up 1% ◦ $30 million in expenses related to legal and operational improvements • Primary GTV grew 14%, with concerts delivering most of the growth • Ticketmast
Slide 4: Capital Allocation Supports Venue Expansion and Long-Term Growth
CAPITAL ALLOCATION SUPPORTS VENUE EXPANSION AND LONG-TERM GROWTH • Q1 capital expenditures totaled $249 million; full year spend expected to be $1.1 to $1.2 billion: ◦ Approximately $800 to $850 million of total capex is for venue expansion and enhancement projects ◦ Venue investment cash requiremen
Slide 5: About Live Nation Entertainment
About Live Nation Entertainment: Live Nation Entertainment, Inc. (NYSE: LYV) is the world’s leading live entertainment company comprised of global market leaders: Ticketmaster, Live Nation Concerts, and Live Nation Media & Sponsorship. For additional information, visit investors.livenationentertainm
Slide 6: Financial Highlights – First Quarter
FINANCIAL HIGHLIGHTS – FIRST QUARTER (unaudited; $ in millions) Q1 2026 Q1 2026 Change at Q1 2026 Q1 2025 Currency Constant Constant Reported Reported Change Impacts Currency Currency Revenue Concerts $ 2,775.5 $ 2,484.1 12 % $ (89.9) $ 2,685.6 8% Ticketing 765.0 694.7 10 % (19.0) 746.0 7% Sponsorsh
Slide 7: Reconciliations of Certain Non-GAAP Measures to Their Most Directly Comparable GAAP Measures
Reconciliations of Certain Non-GAAP Measures to Their Most Directly Comparable GAAP Measures (unaudited; $ in millions) Reconciliation of Free Cash Flow — Adjusted to Net Cash Provided by Operating Activities Q1 2026 Q1 2025 Net cash provided by operating activities $ 2,338.8 $ 1,321.3 Changes in op
Slide 8: Forward-Looking Statements, Non-GAAP Financial Measures and Reconciliations
Forward-Looking Statements, Non-GAAP Financial Measures and Reconciliations: Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to st
Slide 9: accordance with GAAP. A limitation of the use of AOI margin as a performance
accordance with GAAP. A limitation of the use of AOI margin as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in our business. Accordingly, AOI margin should be considered in addition to, and not as a substitute for, opera
Slide 10: Live Nation Entertainment, Inc. Consolidated Balance Sheets
LIVE NATION ENTERTAINMENT, INC. CONSOLIDATED BALANCE SHEETS (unaudited) March 31, December 31, 2026 2025 (in thousands) ASSETS Current assets Cash and cash equivalents $ 9,077,847 $ 7,094,200 Accounts receivable, less allowance of $78,255 and $73,912, respectively 1,965,296 2,009,055 Prepaid expense
Slide 11: Live Nation Entertainment, Inc. Consolidated Statements of Operations
LIVE NATION ENTERTAINMENT, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) Three Months Ended March 31, 2026 2025 (in thousands except share and per share data) Revenue $ 3,793,029 $ 3,382,117 Operating expenses: Direct operating expenses 2,478,458 2,254,937 Selling, general and administrativ
Slide 12: Live Nation Entertainment, Inc. Consolidated Statements of Cash Flows
LIVE NATION ENTERTAINMENT, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) Three Months Ended March 31, 2026 2025 (in thousands) CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $ (380,018) $ 46,302 Reconciling items: Depreciation 99,565 89,462 Amortization of definite-lived intangibles
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