Live Nation Entertainment, Inc. · NYSE:LYV
Live Nation Entertainment — Q2 2026 Earnings Presentation
13 slides from Live Nation Entertainment's earnings presentation, Jul 30, 2026
Slide 1: Live Nation Entertainment Reports Second Quarter 2026 Results
LIVE NATION ENTERTAINMENT REPORTS SECOND QUARTER 2026 RESULTS "In a world of endless screens and AI-generated everything, the one thing that can't be copied is being there. More artists are on the road than ever — and fans keep choosing to be in the room with them, driving the strongest concert tick
Slide 2: Artist Activity Globally Drives Highest 2Q Concerts Attendance
ARTIST ACTIVITY GLOBALLY DRIVES HIGHEST 2Q CONCERTS ATTENDANCE (2Q26 vs. 2Q25 unless otherwise noted) • Revenue of $6.4 billion, up 8% • Fan count of 49 million, up 10% ◦ International attendance at stadiums, arenas, and festivals all up over 20% ◦ U.S. attendance at amphitheaters and arenas up doub
Slide 3: Live Events Attract Growing Brand Investments; Highest 2Q for Ticketmaster
LIVE EVENTS CONTINUE TO ATTRACT GROWING BRAND INVESTMENTS (2Q26 vs. 2Q25 unless otherwise noted) • Revenue of $383 million, up 12%, led by the strength of our international markets, up 17% • AOI of $257 million, up 13% • Brand demand remains broad-based, driven by our expanding venue portfolio and g
Slide 4: Capital Allocation Supports Venue Expansion and Long-Term Growth
CAPITAL ALLOCATION SUPPORTS VENUE EXPANSION AND LONG-TERM GROWTH • Full year capital expenditures now projected to be $1.1 billion, toward the lower end of our initial range due to timing of projects: ◦ $800 million of total capital expenditures is for venue expansion and enhancement projects ◦ Appr
Slide 5: Compare Our Operating Results to Past Quarters In The Trended Results Grid
Compare Our Operating Results to Past Quarters In The Trended Results Grid: https://investors.livenationentertainment.com/financial-information/financial-results The company will webcast a teleconference today, July 30, 2026, at 2:00 p.m. Pacific Time to discuss its financial performance, operationa
Slide 6: Financial Highlights – Second Quarter
FINANCIAL HIGHLIGHTS – SECOND QUARTER (unaudited; $ in millions) Q2 2026 Q2 2026 at Change at Q2 2026 Q2 2025 Currency Constant Constant Reported Reported Change Impacts Currency Currency Revenue Concerts $ 6,444.4 $ 5,946.4 8% $ (56.3) $ 6,388.1 7% Ticketing 852.2 742.7 15 % (14.6) 837.6 13 % Spons
Slide 7: Reconciliation of Operating Income to Adjusted Operating Income
Reconciliation of Operating Income to Adjusted Operating Income (unaudited; $ in millions) Q2 2026 Q2 2025 6 Months 2026 6 Months 2025 Operating Income $ 521.9 $ 486.7 $ 151.4 $ 601.4 Acquisition expenses 30.9 79.2 100.3 109.0 Amortization of non-recoupable ticketing contract advances 22.2 20.7 48.2
Slide 8: Reconciliation of Free Cash to Cash and Cash Equivalents
Reconciliation of Free Cash to Cash and Cash Equivalents June 30, June 30, ($ in millions) 2026 2025 Cash and cash equivalents $ 9,071.9 $ 7,057.0 Short-term investments 65.6 57.6 Client cash (1,927.3) (1,703.2) Deferred revenue — event-related (6,411.8) (5,140.3) Accrued artist fees (336.8) (339.0)
Slide 9: 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 10: Free Cash is a non-GAAP measure
purposes other than maintenance capital expenditures. We believe that information about FCF provides investors with an important perspective on the cash available to service debt, make acquisitions, and for revenue generating capital expenditures. FCF is not calculated or presented in accordance wit
Slide 11: Live Nation Entertainment, Inc. Consolidated Balance Sheets
LIVE NATION ENTERTAINMENT, INC. CONSOLIDATED BALANCE SHEETS (unaudited) June 30, December 31, 2026 2025 (in thousands) ASSETS Current assets Cash and cash equivalents $ 9,071,949 $ 7,094,200 Accounts receivable, less allowance of $92,267 and $73,912, respectively 2,885,249 2,009,055 Prepaid expenses
Slide 12: Live Nation Entertainment, Inc. Consolidated Statements of Operations
LIVE NATION ENTERTAINMENT, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 (in thousands except share and per share data) Revenue $ 7,666,858 $ 7,006,641 $ 11,459,887 $ 10,388,758 Operating expenses: Direct operating ex
Slide 13: Live Nation Entertainment, Inc. Consolidated Statements of Cash Flows
LIVE NATION ENTERTAINMENT, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) Six Months Ended June 30, 2026 2025 (in thousands) CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 22,866 $ 349,043 Reconciling items: Depreciation 221,063 183,804 Amortization of definite-lived intangibles 136,692 1
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