Annual report [Section 13 and 15(d), not S-K Item 405]

Discontinued Operations - Certain financial information for Live Nation (Details)

v3.25.4
Discontinued Operations - Certain financial information for Live Nation (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Discontinued Operations                      
Current assets $ 1,373       $ 3,348       $ 1,373 $ 3,348  
Total assets 15,398       13,001       15,398 13,001  
Current liabilities 939       1,134       939 1,134  
Total liabilities 6,948       5,950       6,948 5,950  
Redeemable noncontrolling interests 693               693    
Equity 7,757       7,029       7,757 7,029  
Revenue 1,609 $ 1,085 $ 1,341 $ 447 1,167 $ 911 $ 988 $ 587 4,482 3,653 $ 3,572
Operating income (loss) 206 158 280 (67) 23 110 59 95 577 287 266
Net earnings (loss) $ 333 $ 13 $ 204 $ 5 (357) $ (2,870) $ 507 $ 245 555 (2,475) 962
Net earnings (loss) attributable to Live Nation stockholders                 $ 555 (2,063) 761
Live Nation                      
Discontinued Operations                      
Current assets         9,290         9,290  
Total assets         19,639         19,639  
Current liabilities         9,358         9,358  
Total liabilities         17,694         17,694  
Redeemable noncontrolling interests         1,126         1,126  
Equity         $ 819         819  
Revenue                   23,156 22,726
Operating income (loss)                   825 1,085
Net earnings (loss)                   1,131 704
Net earnings (loss) attributable to Live Nation stockholders                   $ 896 $ 557