Summarized financial information |
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March 31, 2025 |
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December 31, 2024 |
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amounts in millions |
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Current assets |
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$ |
11,069 |
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9,290 |
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Property, plant and equipment, net |
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2,688 |
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2,442 |
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Intangible assets |
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1,408 |
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1,366 |
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Goodwill |
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2,703 |
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2,621 |
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Investments in affiliates |
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|
494 |
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504 |
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Other assets |
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3,465 |
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3,416 |
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Total assets |
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$ |
21,827 |
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19,639 |
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Current liabilities |
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$ |
11,517 |
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9,358 |
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Long-term debt, net |
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5,929 |
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6,177 |
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Other liabilities |
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|
2,271 |
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2,159 |
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Redeemable noncontrolling interests |
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|
1,312 |
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1,126 |
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Equity |
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|
798 |
|
819 |
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Total liabilities and equity |
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$ |
21,827 |
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19,639 |
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Three months ended |
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March 31, |
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2025 |
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2024 |
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amounts in millions |
Revenue |
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$ |
3,382 |
|
3,800 |
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Operating expenses: |
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Direct operating expenses |
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2,255 |
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2,651 |
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Selling, general and administrative expenses |
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|
779 |
|
982 |
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Depreciation and amortization |
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|
149 |
|
133 |
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Other operating expenses |
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|
84 |
|
75 |
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|
|
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3,267 |
|
3,841 |
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Operating income (loss) |
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|
115 |
|
(41) |
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Interest expense |
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(80) |
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(81) |
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Other income (expense), net |
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31 |
|
120 |
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Earnings (loss) before income taxes |
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|
66 |
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(2) |
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Income tax (expense) benefit |
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|
(20) |
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(41) |
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Net earnings (loss) |
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|
46 |
|
(43) |
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Less net earnings (loss) attributable to noncontrolling interests |
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|
23 |
|
11 |
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Net earnings (loss) attributable to Live Nation stockholders |
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$ |
23 |
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(54) |
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