| Summarized financial information |
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ÌýÌýÌýÌý |
September 30, 2024 |
ÌýÌýÌýÌý |
December 31, 2023 |
ÌýÌýÌýÌý |
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amounts in millions |
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Current assets |
​ |
$ |
9,775 |
Ìý |
9,533 |
Ìý |
Property, plant and equipment, net |
​ |
Ìý |
2,376 |
Ìý |
2,101 |
Ìý |
Intangible assets |
​ |
​ |
1,428 |
​ |
1,539 |
​ |
Goodwill |
​ |
Ìý |
2,670 |
Ìý |
2,691 |
Ìý |
Investments in affiliates |
​ |
​ |
515 |
​ |
448 |
​ |
Other assets |
​ |
​ |
2,983 |
​ |
2,718 |
​ |
Total assets |
​ |
$ |
19,747 |
Ìý |
19,030 |
Ìý |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Current liabilities |
​ |
$ |
9,681 |
​ |
9,984 |
​ |
Long-term debt, net |
​ |
​ |
5,673 |
​ |
5,459 |
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Other liabilities |
​ |
​ |
2,439 |
​ |
2,175 |
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Redeemable noncontrolling interests |
​ |
​ |
1,024 |
​ |
860 |
​ |
Equity |
​ |
​ |
930 |
​ |
552 |
​ |
Total liabilities and equity |
​ |
$ |
19,747 |
​ |
19,030 |
​ |
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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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2024 |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2024 |
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2023 |
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amounts in millions |
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Revenue |
​ |
$ |
7,651 |
Ìý |
8,155 |
Ìý |
17,474 |
​ |
16,907 |
​ |
Operating expenses: |
​ |
Ìý |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
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Direct operating expenses |
​ |
​ |
5,780 |
​ |
6,298 |
​ |
12,840 |
​ |
12,590 |
​ |
Selling, general and administrative expenses |
​ |
Ìý |
1,005 |
Ìý |
974 |
Ìý |
2,913 |
​ |
2,533 |
​ |
Depreciation and amortization |
​ |
​ |
137 |
​ |
131 |
​ |
407 |
​ |
382 |
​ |
Other operating expenses |
​ |
​ |
89 |
​ |
98 |
​ |
250 |
​ |
236 |
​ |
​ |
​ |
​ |
7,011 |
Ìý |
7,501 |
Ìý |
16,410 |
​ |
15,741 |
​ |
Operating income (loss) |
​ |
​ |
640 |
​ |
654 |
​ |
1,064 |
​ |
1,166 |
​ |
Interest expense |
​ |
​ |
(88) |
​ |
(86) |
​ |
(249) |
​ |
(257) |
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Other income (expense), net |
​ |
​ |
34 |
​ |
64 |
​ |
226 |
​ |
147 |
​ |
Earnings (loss) before income taxes |
​ |
​ |
586 |
​ |
632 |
​ |
1,041 |
​ |
1,056 |
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Income tax (expense) benefit |
​ |
​ |
(70) |
​ |
(51) |
​ |
(192) |
​ |
(127) |
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Net earnings (loss) |
​ |
​ |
516 |
​ |
581 |
​ |
849 |
​ |
929 |
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Less net earnings (loss) attributable to noncontrolling interests |
​ |
​ |
64 |
​ |
60 |
​ |
154 |
​ |
139 |
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Net earnings (loss) attributable to Live Nation stockholders |
​ |
$ |
452 |
​ |
521 |
​ |
695 |
​ |
790 |
​ |
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