Summarized financial information |
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June 30, 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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$ |
11,823 |
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9,290 |
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Property, plant and equipment, net |
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2,949 |
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2,442 |
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Intangible assets |
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1,461 |
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1,366 |
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Goodwill |
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2,821 |
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2,621 |
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Investments in affiliates |
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484 |
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504 |
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Other assets |
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3,612 |
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3,416 |
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Total assets |
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$ |
23,150 |
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19,639 |
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Current liabilities |
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$ |
13,458 |
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9,358 |
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Long-term debt, net |
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4,991 |
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6,177 |
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Other liabilities |
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2,395 |
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2,159 |
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Redeemable noncontrolling interests |
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|
1,378 |
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1,126 |
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Equity |
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|
928 |
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819 |
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Total liabilities and equity |
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$ |
23,150 |
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19,639 |
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Three months ended |
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Six months ended |
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June 30, |
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June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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amounts in millions |
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Revenue |
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$ |
7,007 |
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6,023 |
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10,389 |
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9,823 |
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Operating expenses: |
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Direct operating expenses |
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5,211 |
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4,408 |
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7,466 |
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7,060 |
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Selling, general and administrative expenses |
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|
1,003 |
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926 |
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1,782 |
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1,908 |
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Depreciation and amortization |
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159 |
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138 |
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308 |
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270 |
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Other operating expenses |
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|
147 |
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85 |
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232 |
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161 |
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6,520 |
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5,557 |
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9,788 |
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9,399 |
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Operating income (loss) |
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|
487 |
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466 |
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601 |
|
424 |
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Interest expense |
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(72) |
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(80) |
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(152) |
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(161) |
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Other income (expense), net |
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5 |
|
70 |
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37 |
|
192 |
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Earnings (loss) before income taxes |
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|
420 |
|
456 |
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486 |
|
455 |
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Income tax (expense) benefit |
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(117) |
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(80) |
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(137) |
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(121) |
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Net earnings (loss) |
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303 |
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376 |
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349 |
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334 |
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Less net earnings (loss) attributable to noncontrolling interests |
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|
60 |
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78 |
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82 |
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91 |
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Net earnings (loss) attributable to Live Nation stockholders |
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$ |
243 |
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298 |
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267 |
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243 |
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