| Summarized financial information |
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September 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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$ |
11,308 |
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9,290 |
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Property, plant and equipment, net |
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3,122 |
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2,442 |
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Intangible assets |
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1,433 |
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1,366 |
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Goodwill |
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2,842 |
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2,621 |
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Investments in affiliates |
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493 |
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504 |
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Other assets |
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3,690 |
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3,416 |
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Total assets |
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$ |
22,888 |
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19,639 |
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Current liabilities |
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$ |
12,275 |
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9,358 |
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Long-term debt, net |
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6,107 |
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6,177 |
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Other liabilities |
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2,524 |
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2,159 |
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Redeemable noncontrolling interests |
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|
853 |
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1,126 |
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Equity |
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|
1,129 |
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819 |
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Total liabilities and equity |
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$ |
22,888 |
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19,639 |
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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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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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$ |
8,499 |
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7,651 |
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18,888 |
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17,474 |
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Operating expenses: |
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Direct operating expenses |
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6,438 |
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5,780 |
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13,903 |
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12,840 |
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Selling, general and administrative expenses |
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1,008 |
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1,005 |
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2,790 |
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2,913 |
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Depreciation and amortization |
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|
166 |
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137 |
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474 |
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407 |
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Other operating expenses |
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|
95 |
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89 |
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327 |
|
250 |
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7,707 |
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7,011 |
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17,494 |
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16,410 |
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Operating income (loss) |
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|
792 |
|
640 |
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1,394 |
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1,064 |
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Interest expense |
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(80) |
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(88) |
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(233) |
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(249) |
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Other income (expense), net |
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|
18 |
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34 |
|
55 |
|
226 |
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Earnings (loss) before income taxes |
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|
730 |
|
586 |
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1,216 |
|
1,041 |
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Income tax (expense) benefit |
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(252) |
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(70) |
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(389) |
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(192) |
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Net earnings (loss) |
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|
478 |
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516 |
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827 |
|
849 |
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Less net earnings (loss) attributable to noncontrolling interests |
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|
47 |
|
64 |
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129 |
|
154 |
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Net earnings (loss) attributable to Live Nation stockholders |
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$ |
431 |
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452 |
|
698 |
|
695 |
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