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