Live Nation Entertainment (LYV) 10-Q 3 Nov 22 2022 Q3 Quarterly report Financial data

DOCUMENT

DOCUMENT - shares	9 Months Ended
	Sep. 30, 2022	Oct. 27, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-32601
Entity Registrant Name	LIVE NATION ENTERTAINMENT, INC.
Entity Central Index Key	0001335258
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-3247759
Entity Address, Address Line One	9348 Civic Center Drive
Entity Address, City or Town	Beverly Hills
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90210
City Area Code	310
Local Phone Number	867-7000
Title of 12(b) Security	Common stock, $.01 Par Value Per Share
Trading Symbol	LYV
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		230,879,879

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 4,951,161	$ 4,884,729
Accounts receivable, less allowance of $63,761 and $50,491, respectively	1,989,508	1,066,573
Prepaid expenses	908,895	654,894
Restricted cash	5,030	3,063
Other current assets	72,795	74,834
Total current assets	7,927,389	6,684,093
Property, plant and equipment, net	1,097,931	1,091,929
Operating lease assets	1,615,997	1,538,911
Intangible assets
Definite-lived intangible assets, net	917,441	1,026,338
Indefinite-lived intangible assets, net	408,988	369,028
Goodwill	2,548,452	2,590,869
Long-term advances	595,642	552,697
Other long-term assets	675,174	548,453
Total assets	15,787,014	14,402,318
Current liabilities
Accounts payable, client accounts	1,580,498	1,532,345
Accounts payable	195,327	110,623
Accrued expenses	2,763,630	1,645,906
Deferred revenue	2,269,216	2,774,792
Current portion of long-term debt, net	619,500	585,254
Current portion of operating lease liabilities	141,544	123,715
Other current liabilities	64,772	83,087
Total current liabilities	7,634,487	6,855,722
Long-term debt, net	5,120,197	5,145,484
Long-term operating lease liabilities	1,689,464	1,606,064
Other long-term liabilities	345,329	431,581
Commitments and contingent liabilities
Redeemable noncontrolling interests	598,981	551,921
Stockholders' equity
Common stock	2,271	2,220
Additional paid-in capital	2,852,112	2,897,695
Accumulated deficit	(2,768,195)	(3,327,737)
Cost of shares held in treasury	(6,865)	(6,865)
Accumulated other comprehensive loss	(153,883)	(147,964)
Total Live Nation stockholders' equity	(74,560)	(582,651)
Noncontrolling interests	473,116	394,197
Total equity	398,556	(188,454)
Total liabilities and equity	$ 15,787,014	$ 14,402,318

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets
Allowance for doubtful accounts	$ 63,761	$ 50,491

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Revenue	$ 6,153,535	$ 2,698,722	$ 12,390,517	$ 3,565,277
Operating expenses:
Direct operating expenses	4,707,848	1,969,912	9,045,893	2,346,998
Selling, general and administrative expenses	805,910	446,929	2,048,305	1,098,676
Depreciation and amortization	102,093	101,235	318,489	313,758
Loss (gain) on disposal of operating assets	(35,285)	(1,148)	(32,555)	(1,038)
Corporate expenses	66,720	44,649	158,377	100,195
Operating income (loss)	506,249	137,145	852,008	(293,312)
Interest expense	70,514	70,407	205,722	210,146
Interest income	(25,809)	(1,333)	(46,565)	(3,953)
Equity in losses (earnings) of nonconsolidated affiliates	14,283	(7,025)	8,040	(4,608)
Gain from sale of investments in nonconsolidated affiliates	0	30,633	448	83,580
Other expense, net	7,960	12,441	22,846	19,903
Income (loss) before income taxes	439,301	93,288	662,413	(431,220)
Income tax expense	41,898	6,421	85,589	15,095
Net income (loss)	397,403	86,867	576,824	(446,315)
Net income attributable to noncontrolling interests	36,001	39,989	77,804	9,665
Net income (loss) attributable to common stockholders of Live Nation	$ 361,402	$ 46,878	$ 499,020	$ (455,980)
Basic net loss per common share available to common stockholders of Live Nation	$ 1.47	$ 0.20	$ 1.79	$ (2.13)
Diluted net loss per common share available to common stockholders of Live Nation	$ 1.39	$ 0.19	$ 1.73	$ (2.13)
Weighted average common shares outstanding:
Weighted Average Number of Shares Outstanding, Basic	225,761,777	216,888,355	224,123,130	215,716,239
Weighted Average Number of Shares Outstanding, Diluted	243,686,803	223,800,400	239,617,920	215,716,239
Reconciliation to net income (loss) available to common stockholders of Live Nation:
Net income (loss) attributable to common stockholders of Live Nation	$ 361,402	$ 46,878	$ 499,020	$ (455,980)
Accretion of redeemable noncontrolling interests	(29,915)	(4,245)	(97,723)	(4,210)
Net income (loss) available to common stockholders of Live Nation—basic	331,487	42,633	401,297	(460,190)
Interest on Convertible Debt, Net of Tax	6,365	0	12,124	0
Net income (loss) available to common stockholders of Live Nation—diluted	$ 337,852	$ 42,633	$ 413,421	$ (460,190)

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 397,403	$ 86,867	$ 576,824	$ (446,315)
Other comprehensive income (loss), net of tax:
Unrealized gain (loss) on cash flow hedge	18,522	852	50,178	10,160
Realized loss (gain) on cash flow hedge	(515)	1,991	2,634	5,853
Foreign currency translation adjustments	(42,319)	(12,008)	(58,731)	(10,001)
Comprehensive income (loss)	373,091	77,702	570,905	(440,303)
Comprehensive income (loss) attributable to noncontrolling interests	36,001	39,989	77,804	9,665
Comprehensive income (loss) attributable to common stockholders of Live Nation	$ 337,090	$ 37,713	$ 493,101	$ (449,968)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member] Cumulative Effect, Period of Adoption, Adjustment	Accumulated Deficit [Member]	Accumulated Deficit [Member] Cumulative Effect, Period of Adoption, Adjustment	Cost of Shares Held in Treasury [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest [Member]	Redeemable Noncontrolling Interests [Member]
Balances (in shares) at Dec. 31, 2020			214,466,988
Balances at Dec. 31, 2020	$ (133,752)		$ 2,145	$ 2,386,790		$ (2,676,833)		$ (6,865)	$ (177,009)	$ 338,020
Equity [Roll Forward]
Non-cash and stock-based compensation	80,165			80,165
Common stock issued under stock plans, net of shares withheld for employee taxes (in shares)			812,829
Common stock issued under stock plans, net of shares withheld for employee taxes	(24,585)		$ 8	(24,593)
Exercise of stock options, net of shares withheld for option cost and employee taxes (in shares)			1,329,951
Exercise of stock options	12,175		$ 13	12,162
Conversion of convertible debt (in shares)			5,239,259
Conversion of convertible debt	449,415		$ 52	449,363
Acquisitions	7,117									7,117
Purchases of noncontrolling interests	1,198			3,775						(2,577)
Sales of noncontrolling interests	9,029			161						8,868
Redeemable noncontrolling interests fair value adjustments	(4,210)			(4,210)
Contributions received	16,522									16,522
Cash distributions	(20,852)									(20,852)
Other	(2,452)			0						(2,452)
Comprehensive income (loss):
Net income (loss)	(437,558)					(455,980)				18,422
Unrealized gain (loss) on cash flow hedge	10,160
Realized loss (gain) on cash flow hedge	5,853
Foreign currency translation adjustments	(10,001)
Balances at Sep. 30, 2021	(41,776)		$ 2,218	2,903,613		(3,132,813)		(6,865)	(170,997)	363,068
Balances (in shares) at Sep. 30, 2021			221,849,027
Balances at Dec. 31, 2020											$ 272,449
Redeemable Noncontrolling Interests [Roll Forward]
Acquisitions											828
Purchases of noncontrolling interests											(1,698)
Redeemable noncontrolling interests fair value adjustments											4,210
Contribution received											95
Cash distributions											(4,780)
Other											0
Comprehensive income (loss):
Net income (loss)											(8,757)
Balances at Sep. 30, 2021											262,347
Balances (in shares) at Jun. 30, 2021			216,388,477
Balances at Jun. 30, 2021	(579,603)		$ 2,164	2,433,462		(3,179,691)		(6,865)	(161,832)	333,159
Equity [Roll Forward]
Non-cash and stock-based compensation	27,318			27,318
Common stock issued under stock plans, net of shares withheld for employee taxes (in shares)			151,280
Common stock issued under stock plans, net of shares withheld for employee taxes	(4,522)		$ 1	(4,523)
Exercise of stock options, net of shares withheld for option cost and employee taxes (in shares)			70,011
Exercise of stock options	2,239		$ 1	2,238
Conversion of convertible debt (in shares)			5,239,259
Conversion of convertible debt	449,415		$ 52	449,363
Fair value of convertible debt conversion feature, net of issuance cost	0			0
Acquisitions	7,117									7,117
Redeemable noncontrolling interests fair value adjustments	(4,245)			(4,245)
Contributions received	1,329									1,329
Cash distributions	(8,341)									(8,341)
Other	(331)			0						(331)
Comprehensive income (loss):
Net income (loss)	77,013					46,878				30,135
Unrealized gain (loss) on cash flow hedge	852
Realized loss (gain) on cash flow hedge	1,991
Foreign currency translation adjustments	(12,008)
Balances at Sep. 30, 2021	(41,776)		$ 2,218	2,903,613		(3,132,813)		(6,865)	(170,997)	363,068
Balances (in shares) at Sep. 30, 2021			221,849,027
Balances at Jun. 30, 2021											250,767
Redeemable Noncontrolling Interests [Roll Forward]
Acquisitions											230
Redeemable noncontrolling interests fair value adjustments											4,245
Contribution received											0
Cash distributions											(2,749)
Other											0
Comprehensive income (loss):
Net income (loss)											9,854
Balances at Sep. 30, 2021											262,347
Balances (in shares) at Dec. 31, 2021			221,964,734
Balances at Dec. 31, 2021	(188,454)	$ (35,464)	$ 2,220	2,897,695	$ (95,986)	(3,327,737)	$ 60,522	(6,865)	(147,964)	394,197
Equity [Roll Forward]
Non-cash and stock-based compensation	198,740			198,740
Common stock issued under stock plans, net of shares withheld for employee taxes (in shares)			1,616,274
Common stock issued under stock plans, net of shares withheld for employee taxes	(46,953)		$ 16	(46,969)
Exercise of stock options, net of shares withheld for option cost and employee taxes (in shares)			3,556,573
Exercise of stock options	35,698		$ 35	35,663
Acquisitions	5,181									5,181
Purchases of noncontrolling interests	(46,145)			(38,492)						(7,653)
Sales of noncontrolling interests	(336)			0						(336)
Redeemable noncontrolling interests fair value adjustments	(98,574)			(98,574)
Contributions received	16,719									16,719
Cash distributions	(64,682)									(64,682)
Other	49,042			(35)						49,007
Comprehensive income (loss):
Net income (loss)	579,703					499,020				80,683
Unrealized gain (loss) on cash flow hedge	50,178								50,178
Realized loss (gain) on cash flow hedge	2,634								2,634
Foreign currency translation adjustments	(58,731)								(58,731)		(151)
Balances at Sep. 30, 2022	398,556		$ 2,271	2,852,112		(2,768,195)		(6,865)	(153,883)	473,116
Balances (in shares) at Sep. 30, 2022			227,137,581
Balances at Dec. 31, 2021	551,921										551,921
Redeemable Noncontrolling Interests [Roll Forward]
Acquisitions											18,406
Purchases of noncontrolling interests											(1,457)
Redeemable noncontrolling interests fair value adjustments											98,414
Contribution received											25
Cash distributions											(17,170)
Other											(48,128)
Comprehensive income (loss):
Net income (loss)											(2,879)
Balances at Sep. 30, 2022	598,981										598,981
Balances (in shares) at Jun. 30, 2022			225,581,279
Balances at Jun. 30, 2022	34,998		$ 2,256	2,853,613		(3,129,597)		(6,865)	(129,571)	445,162
Equity [Roll Forward]
Non-cash and stock-based compensation	23,929			23,929
Common stock issued under stock plans, net of shares withheld for employee taxes (in shares)			519,012
Common stock issued under stock plans, net of shares withheld for employee taxes	(5,222)		$ 5	(5,227)
Exercise of stock options, net of shares withheld for option cost and employee taxes (in shares)			1,037,290
Exercise of stock options	9,647		$ 10	9,637
Acquisitions	0									0
Purchases of noncontrolling interests	(2,386)			(2,405)						19
Redeemable noncontrolling interests fair value adjustments	(29,840)			(29,840)
Contributions received	1,317									1,317
Cash distributions	(14,712)									(14,712)
Other	3,180			(2,405)						775
Comprehensive income (loss):
Net income (loss)	401,957					361,402				40,555
Unrealized gain (loss) on cash flow hedge	18,522								18,522
Realized loss (gain) on cash flow hedge	(515)								(515)
Foreign currency translation adjustments	(42,319)								(42,319)		(151)
Balances at Sep. 30, 2022	398,556		$ 2,271	$ 2,852,112		$ (2,768,195)		$ (6,865)	$ (153,883)	$ 473,116
Balances (in shares) at Sep. 30, 2022			227,137,581
Balances at Jun. 30, 2022											565,024
Redeemable Noncontrolling Interests [Roll Forward]
Acquisitions											9,729
Purchases of noncontrolling interests											0
Redeemable noncontrolling interests fair value adjustments											30,140
Contribution received											0
Cash distributions											(1,026)
Other											(181)
Comprehensive income (loss):
Net income (loss)											(4,554)
Balances at Sep. 30, 2022	$ 598,981										$ 598,981

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 576,824	$ (446,315)
Reconciling items:
Depreciation	162,943	167,170
Amortization of Intangibles Assets and Indefinite Lived Intangibles Impairment	155,546	146,588
Amortization of non-recoupable ticketing contract advances	56,121	49,214
Amortization of debt issuance costs and discounts	12,333	27,916
Stock-based compensation expense	86,178	80,165
Unrealized changes in fair value of contingent consideration	23,601	(6,998)
Equity in losses of nonconsolidated affiliates, net of distributions	31,420	6,396
Provision for uncollectible accounts receivable	40,736	(14,006)
Gain (Loss) on Sale of Investments	393	83,580
Other, net	(10,596)	6,380
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
Increase in accounts receivable	(1,009,472)	(690,105)
Increase in prepaid expenses and other assets	(297,379)	(92,635)
Increase in accounts payable, accrued expenses and other liabilities	1,536,196	1,323,448
Increase (decrease) in deferred revenue	(435,701)	551,059
Net cash provided by operating activities	928,357	1,024,697
CASH FLOWS FROM INVESTING ACTIVITIES
Advances of notes receivable	(58,307)	(24,476)
Collections of notes receivable	16,473	16,500
Investments made in nonconsolidated affiliates	(73,335)	(55,246)
Purchases of property, plant and equipment	(205,987)	(103,914)
Cash paid for acquisitions, net of cash acquired	(38,770)	(19,594)
Purchases of intangible assets	(6,764)	(6,681)
Proceeds from Sale of Long-term Investments	3,863	80,593
Other, net	3,099	1,059
Net cash used in investing activities	(359,728)	(111,759)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from long-term debt, net of debt issuance costs	5,750	904,164
Payments on long-term debt	(29,462)	(93,168)
Contributions from noncontrolling interests	14,340	15,985
Distributions to noncontrolling interests	(81,852)	(25,632)
Purchases and sales of noncontrolling interests, net	(27,104)	(3,273)
Proceeds from sale of common stock, net of issuance costs	0	449,415
Proceeds from exercise of stock options	35,698	30,322
Taxes paid for net share settlement of equity awards	(46,953)	(42,731)
Payments for deferred and contingent consideration	(45,164)	(12,845)
Other, net	(472)	84
Net cash provided by (used in) financing activities	(175,219)	1,222,321
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(325,011)	(48,501)
Net increase in cash, cash equivalents, and restricted cash	68,399	2,086,758
Cash, cash equivalents, and restricted cash at beginning of period	4,887,792	2,546,439
Cash, cash equivalents, and restricted cash at end of period	$ 4,956,191	$ 4,633,197

BASIS OF PRESENTATION AND OTHER

BASIS OF PRESENTATION AND OTHER INFORMATION	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND OTHER INFORMATION	BASIS OF PRESENTATION AND OTHER INFORMATION Preparation of Interim Financial Statements The accompanying unaudited consolidated financial statements have been prepared in accordance with GAAP for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X issued by the SEC. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, they include all normal and recurring accruals and adjustments necessary to present fairly the results of the interim periods shown. The financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our 2021 Annual Report on Form 10-K filed with the SEC on February 23, 2022. Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates, judgments, and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes including, but not limited to, legal, tax and insurance accruals, acquisition accounting and impairments. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results could differ from those estimates. Seasonality Our Concerts and Sponsorship & Advertising segments typically experience higher revenue and operating income in the second and third quarters as our outdoor venue concerts and festivals primarily occur from May through October in most major markets. Our Ticketing segment revenue is impacted by fluctuations in the availability and timing of events for sale to the public, which vary depending upon scheduling by our clients. Cash flows from our Concerts segment typically have a slightly different seasonality as payments are often made for artist performance fees and production costs for tours in advance of the date the related event tickets go on sale. These artist fees and production costs are expensed when the event occurs. Once tickets for an event go on sale, we generally begin to receive payments from ticket sales in advance of when the event occurs. In the United States, this cash is largely associated with events in our owned or operated venues, notably amphitheaters, festivals, theaters and clubs. Internationally, this cash is from a combination of both events in our owned or operated venues, as well as events in third-party venues associated with our promoter’s share of tickets in allocation markets. We record these ticket sales as revenue when the event occurs. Our seasonality also results in higher balances in cash and cash equivalents, accounts receivable, prepaid expenses, accrued expenses and deferred revenue at different times in the year. We expect our seasonality trends to evolve as we continue to expand our global operations. Cash and Cash Equivalents Included in the September 30, 2022 and December 31, 2021 cash and cash equivalents balance is $1.3 billion of cash received that includes the face value of tickets sold on behalf of our ticketing clients and their share of service charges (“client cash”), which amounts are to be remitted to these clients. We generally do not utilize client cash for our own financing or investing activities as the amounts are payable to our clients on a regular basis. These amounts due to our clients are included in accounts payable, client accounts. Income Taxes Each reporting period, we evaluate the realizability of our deferred tax assets in each tax jurisdiction. As of September 30, 2022, we continued to maintain a full valuation allowance against our net deferred tax assets in certain jurisdictions due to cumulative pre-tax losses. As a result of the valuation allowances, no tax benefits have been recognized for losses incurred, if any, in those tax jurisdictions for the first nine months of 2022. In August 2022, the Inflation Reduction Act (IRA) was enacted in the United States, which includes health care, clean energy, and income tax provisions. The income tax provisions amend the Internal Revenue Code to include amongst other things a corporate alternative minimum tax starting in the 2023 tax year. The Company is still assessing the impact due to lack of United States Treasury regulations; however, the IRA is not expected to have a material impact on the Company's financial statements due to net operating losses and full valuation allowances for the United States, which is our most significant jurisdiction. We will continue to monitor to ensure our financial results and related tax disclosures are in compliance with the IRA tax legislation. Accounting Pronouncements - Adopted In August 2020, the FASB issued guidance that simplifies the accounting for convertible instruments and its application of the derivatives scope exception for contracts in an entity’s own equity. The new guidance reduces the number of accounting models that require separating embedded conversion features from convertible instruments. As a result, only conversion features accounted for under the substantial premium model and those that require bifurcation will be accounted for separately. For contracts in an entity’s own equity, the new guidance eliminates some of the current requirements for equity classification. The guidance also addresses how convertible instruments are accounted for in the diluted earnings per share calculation and requires enhanced disclosures about the terms of convertible instruments and contracts in an entity’s own equity. We adopted this guidance on January 1, 2022, using the modified retrospective method and recorded a cumulative-effect adjustment of $60.5 million as a reduction to accumulated deficit in the consolidated balance sheets. The impact of adoption also resulted in a reduction of additional paid-in capital of $96.0 million and increased our current portion of long-term debt, net and long-term debt, net by $14.7 million and $20.8 million, respectively, as a result of reversal of the separation of the convertible debt between debt and equity. The adoption did not have a material effect on our consolidated statements of operations or consolidated statements of cash flows.

BUSINESS ACQUISITIONS

BUSINESS ACQUISITIONS	9 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Business Combination Disclosure [Text Block]	BUSINESS ACQUISITIONS During December 2021, we completed the acquisition of an aggregate 51% interest in OCESA. This acquisition was accounted for as a business combination under the acquisition method of accounting. With the exception of OCESA, all other acquisitions were not material on an individual basis or in the aggregate. OCESA Acquisition Description of Transaction On December 6, 2021, we completed our acquisition of an aggregate 51% of the capital stock of OCESA (the “Acquisition”) for $431.9 million, subject to certain adjustments. Upon closing of the Acquisition, we and Corporación Interamericana de Entretenimiento, S.A.B. de C.V. terminated the then pending International Chamber of Commerce arbitration in connection with the earlier termination of the purchase agreements, and any related litigation was also dismissed. OCESA is one of the most prominent live event businesses globally with a robust business portfolio in ticketing, sponsorship, concession, merchandise, and venue operation across Mexico and Latin America. We expect the Acquisition to add value and growth to all of our reporting segments. Recording of Assets Acquired and Liabilities Assumed The following table summarizes the preliminary acquisition-date fair value of the identifiable assets acquired, liabilities assumed and noncontrolling interests including goodwill: Initial Allocation (in thousands) Fair value of consideration transferred $ 431,943 Adjustments for working capital 2,269 Fair value of redeemable noncontrolling interests 280,000 Fair value of noncontrolling interests 7,000 Fair value of pre-existing investment in nonconsolidated affiliates 50,000 Less: Preliminary recognized amounts of identifiable assets acquired and liabilities assumed Cash and cash equivalents 105,118 Accounts receivable 90,575 Prepaid expenses 33,060 Other current assets 658 Property, plant and equipment 25,221 Operating lease assets 67,193 Intangible assets 337,000 Investments in nonconsolidated affiliates 30,000 Other long-term assets 36,525 Accounts payable, client accounts (12,566) Accounts payable (13,344) Accrued expenses (71,209) Deferred revenue (144,557) Current portion of operating lease liabilities (9,209) Long-term operating lease liabilities (57,984) Long-term deferred income taxes (101,379) Goodwill $ 456,110 Goodwill represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. The goodwill arising from the Acquisition consists largely of cost savings and new opportunities expected from combining the operations of Live Nation and OCESA. The anticipated synergies primarily relate to growth in concert promotion, ticketing, and sponsorship opportunities. Of the total amount of preliminary goodwill recognized in connection with the Acquisition, none will be deductible for tax purposes. Preliminary goodwill of $46.7 million, $165.0 million and $244.4 million has been allocated to the Concerts, Ticketing and Sponsorship & Advertising segments, respectively, as a result of the Acquisition. Below is a summary of the methodologies and significant assumptions used in estimating the fair value of intangible assets and noncontrolling interests. Intangible assets — the preliminary fair value of the acquired intangible assets is currently being evaluated using commonly used valuation techniques. In estimating the fair value of the acquired intangible assets, we utilized the valuation methodology determined to be most appropriate for the individual intangible asset being valued. The acquired definite-lived intangible assets include the following: Preliminary Estimated Fair Value Preliminary Estimated Useful Lives (1) (in thousands) (years) Client/vendor relationships $ 100,000 10 Revenue-generating contracts 90,000 4 to 10 Venue management and leaseholds 107,000 10 Trademarks and naming rights 40,000 10 Total acquired intangible assets $ 337,000 _____________________ (1) Determination of the preliminary estimated useful lives of the individual categories of intangible assets was based on the nature of the applicable intangible asset and the expected future cash flows to be derived from the intangible asset. Amortization of intangible assets with definite lives is recognized over the shorter of the respective lives of the agreement or the period of time the assets are expected to contribute to future cash flows. Some of the more significant estimates and assumptions inherent in determining the fair value of the identifiable intangible assets are associated with forecasting cash flows and profitability. The primary assumptions used were generally based upon the present value of anticipated cash flows discounted at rates ranging from 12% to 13%. Estimated years of projected earnings generally follow the range of estimated remaining useful lives for each intangible asset class. Noncontrolling interests — The preliminary fair value of the redeemable noncontrolling interests and noncontrolling interests of $280.0 million and $7.0 million, respectively, were estimated by applying the market approach. The fair value estimates are based on fair value of consideration transferred, adjustment of 20% to account for acquisition premium and adjustments of 10% to 20% to account for lack of marketability that market participants would consider when estimating the fair value of the individual noncontrolling interests. Actual and Pro Forma Impact of Acquisition The revenue, loss from continuing operations and net loss of OCESA that are included in our consolidated statements of operations were not material for the year ended December 31, 2021 since the Acquisition closed on December 6, 2021. Pro forma results of operations, assuming that OCESA had been acquired on January 1, 2020, for the years ended December 31, 2021 and 2020 were not material to our consolidated statements of operations. We incurred a cumulative total of $13.2 million of acquisition transaction expenses relating to the Acquisition, of which $0.9 million and $0.8 million are included in selling, general and administrative expenses within our consolidated statements of operations for the nine months ended September 30, 2022 and 2021, respectively. We are in the process of completing our purchase accounting in accordance with GAAP, whereby the purchase price is allocated to the assets acquired and liabilities assumed based upon their estimated fair values on the acquisition date. As we completed the Acquisition in the last month of the year ended December 31, 2021 and given the size of the Acquisition, the purchase accounting should be considered preliminary and is subject to revision based on final determinations of fair value and allocations of purchase price to the identifiable assets and liabilities acquired.

LONG-LIVED ASSETS

LONG-LIVED ASSETS	9 Months Ended
	Sep. 30, 2022
LONG-LIVED ASSETS [Abstract]
LONG-LIVED ASSETS	LONG-LIVED ASSETS Property, Plant and Equipment, Net Property, plant and equipment, net, consisted of the following: September 30, 2022 December 31, 2021 (in thousands) Land, buildings and improvements $ 1,344,611 $ 1,324,278 Computer equipment and capitalized software 877,210 910,581 Furniture and other equipment 478,341 411,403 Construction in progress 169,327 173,865 2,869,489 2,820,127 Less: accumulated depreciation 1,771,558 1,728,198 $ 1,097,931 $ 1,091,929 Definite-lived Intangible Assets The following table presents the changes in the gross carrying amount and accumulated amortization of definite-lived intangible assets for the nine months ended September 30, 2022: Client / Revenue- Venue management and leaseholds Trademarks Technology Other (1) Total (in thousands) Balance as of December 31, 2021: Gross carrying amount $ 576,930 $ 593,258 $ 232,856 $ 180,865 $ 37,335 $ 10,414 $ 1,631,658 Accumulated amortization (178,725) (275,909) (46,929) (79,349) (18,375) (6,033) (605,320) Net 398,205 317,349 185,927 101,516 18,960 4,381 1,026,338 Gross carrying amount: Acquisitions—current year 24,979 23,313 9,978 — — 1,728 59,998 Acquisitions—prior year (2,000) 3,600 — (1,000) — — 600 Foreign exchange (19,427) (20,331) (5,053) (374) (26) (897) (46,108) Other (2) (8,716) (8,097) (615) 39 (7,489) (1,211) (26,089) Net change (5,164) (1,515) 4,310 (1,335) (7,515) (380) (11,599) Accumulated amortization: Amortization (56,711) (49,762) (18,475) (13,214) (8,386) (3,821) (150,369) Foreign exchange 8,761 12,326 3,476 860 17 259 25,699 Other (2) 8,685 7,719 731 (533) 8,460 2,310 27,372 Net change (39,265) (29,717) (14,268) (12,887) 91 (1,252) (97,298) Balance as of September 30, 2022: Gross carrying amount 571,766 591,743 237,166 179,530 29,820 10,034 1,620,059 Accumulated amortization (217,990) (305,626) (61,197) (92,236) (18,284) (7,285) (702,618) Net $ 353,776 $ 286,117 $ 175,969 $ 87,294 $ 11,536 $ 2,749 $ 917,441 (1) Other primarily includes intangible assets for non-compete agreements. (2) Other primarily includes netdowns of fully amortized or impaired assets. Included in the current year acquisitions amounts above are definite-lived intangible assets primarily associated with the acquisitions of a concert promotion business located in Germany, a ticketing business located in Thailand as well as a sports management business and a venue management business, both located in the United States. The 2022 additions to definite-lived intangible assets from acquisitions have weighted-average lives as follows: Weighted- Revenue-generating contracts 5 Client/vendor relationships 5 Venue management and leaseholds 30 All categories 9 Amortization of definite-lived intangible assets for the three months ended September 30, 2022 and 2021 was $48.1 million and $46.1 million, and for the nine months ended September 30, 2022 and 2021 was $150.4 million and $146.6 million, respectively. As acquisitions and dispositions occur in the future and the valuations of intangible assets for recent acquisitions are completed, amortization will vary. Goodwill The following table presents the changes in the carrying amount of goodwill in each of our reportable segments for the nine months ended September 30, 2022: Concerts Ticketing Sponsorship Total (in thousands) Balance as of December 31, 2021: Goodwill $ 1,390,451 $ 930,064 $ 705,717 $ 3,026,232 Accumulated impairment losses (435,363) — — (435,363) Net 955,088 930,064 705,717 2,590,869 Acquisitions—current year 34,256 — — 34,256 Acquisitions—prior year (22,339) 12,057 1,898 (8,384) Dispositions (1,792) — — (1,792) Foreign exchange (33,833) (13,435) (19,229) (66,497) Balance as of September 30, 2022: Goodwill 1,366,743 928,686 688,386 2,983,815 Accumulated impairment losses (435,363) — — (435,363) Net $ 931,380 $ 928,686 $ 688,386 $ 2,548,452 We are in various stages of finalizing our acquisition accounting for recent acquisitions, which may include the use of external valuation consultants, and the completion of this accounting could result in a change to the associated purchase price allocations, including goodwill and our allocation between segments. Investments in Nonconsolidated Affiliates At September 30, 2022 and December 31, 2021, we had investments in nonconsolidated affiliates of $355.6 million and $293.6 million, respectively, included in other long-term assets on our consolidated balance sheets. During the nine months ended September 30, 2021, we sold certain investments in nonconsolidated affiliates for $101.1 million in cash and noncash consideration resulting in a gain on sale of investments in nonconsolidated affiliates of $83.6 million. During the nine months ended September 30, 2022, there were no significant sales of investments in nonconsolidated affiliates. We entered into certain agreements whereby we received equity in the counterparty to those agreements primarily in exchange for providing sponsorship and marketing programs and support. We recognized $5.6 million and $25.0 million of noncash additions to investments in nonconsolidated affiliates for the nine months ended September 30, 2022 and 2021, respectively, which are included in other long-term assets on our consolidated balance sheets associated with these agreements.

LEASES

LEASES	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
LEASES	LEASES The significant components of operating lease expense are as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 (in thousands) Operating lease expense $ 60,003 $ 56,662 $ 195,514 $ 168,538 Variable and short-term lease expense 64,548 44,552 117,441 57,548 Sublease income (1,627) (1,346) (3,901) (4,864) Net lease expense $ 122,924 $ 99,868 $ 309,054 $ 221,222 Many of our leases contain contingent rent obligations based on revenue, tickets sold or other variables, while others include periodic adjustments to rent obligations based on the prevailing inflationary index or market rental rates. Contingent rent obligations are not included in the initial measurement of the lease asset or liability and are recorded as rent expense in the period that the contingency is resolved. Supplemental cash flow information for our operating leases is as follows: Nine Months Ended 2022 2021 (in thousands) Cash paid for amounts included in the measurement of lease liabilities $ 177,847 $ 142,243 Lease assets obtained in exchange for lease obligations, net of terminations $ 289,977 $ 79,703 Future maturities of our operating lease liabilities at September 30, 2022 are as follows: (in thousands) Remainder of 2022 $ 56,656 2023 244,468 2024 234,451 2025 222,720 2026 212,689 Thereafter 1,747,809 Total lease payments 2,718,793 Less: Interest 887,785 Present value of lease liabilities $ 1,831,008 The weighted average remaining lease term and weighted average discount rate for our operating leases are as follows: September 30, 2022 December 31, 2021 Weighted average remaining lease term (in years) 13.6 13.2 Weighted average discount rate 5.96 % 6.10 % As of September 30, 2022, we have additional operating leases that have not yet commenced, with total lease payments of $201.8 million. These operating leases, which are not included on our consolidated balance sheets, have commencement dates ranging from October 2022 to June 2030, with lease terms ranging from 2 to 40 years.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Recurring The following table shows the fair value of our significant financial assets that are required to be measured at fair value on a recurring basis, which are classified on the consolidated balance sheets as cash and cash equivalents. Estimated Fair Value September 30, 2022 December 31, 2021 Level 1 Level 2 Total Level 1 Level 2 Total (in thousands) Assets: Cash equivalents $ 725,975 $ — $ 725,975 $ 620,980 $ — $ 620,980 Interest rate swap — 44,254 44,254 — — — Liabilities: Interest rate swap $ — $ — $ — $ — $ 8,558 $ 8,558 Cash equivalents consist of money market funds. Fair values for cash equivalents are based on quoted prices in an active market. The fair value for our interest rate swap is based upon inputs corroborated by observable market data with similar tenors. Our outstanding debt held by third-party financial institutions is carried at cost, adjusted for any discounts or debt issuance costs. Our debt is not publicly traded and the carrying amounts typically approximate fair value for debt that accrues interest at a variable rate, which are considered to be Level 2 inputs as defined in the FASB guidance. The following table presents the estimated fair values of our senior secured notes, senior notes and convertible senior notes: Estimated Fair Value at September 30, 2022 December 31, 2021 Level 2 (in thousands) 6.5% Senior Secured Notes due 2027 $ 1,155,336 $ 1,315,284 3.75% Senior Secured Notes due 2028 $ 422,735 $ 498,380 4.75% Senior Notes due 2027 $ 829,768 $ 978,358 4.875% Senior Notes due 2024 $ 554,553 $ 582,952 5.625% Senior Notes due 2026 $ 285,126 $ 310,284 2.5% Convertible Senior Notes due 2023 $ 651,360 $ 996,369 2.0% Convertible Senior Notes due 2025 $ 400,040 $ 531,040 The estimated fair value of our third-party fixed-rate debt is based on quoted market prices in active markets for the same or similar debt, which are considered to be Level 2 inputs.

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	COMMITMENTS AND CONTINGENT LIABILITIES Commitments As of September 30, 2022, we have non-cancelable contracts related to minimum performance payments with various artists, other event-related costs and nonrecoupable ticketing contract advances of approximately $3.9 billion. Litigation Consumer Class Actions The following putative class action lawsuits were filed against Live Nation and/or Ticketmaster in Canada: Thompson-Marcial and Smith v. Ticketmaster Canada Holdings ULC (Ontario Superior Court of Justice, filed September 2018); McPhee v. Live Nation Entertainment, Inc., et al. (Superior Court of Quebec, District of Montreal, filed September 2018); Crystal Watch v. Live Nation Entertainment, Inc., et al. (Court of Queen’s Bench for Saskatchewan, by amendments filed September 2018); and Gomel v. Live Nation Entertainment, Inc., et al. (Supreme Court of British Columbia, Vancouver Registry, filed October 2018). Similar putative class actions were filed in the United States during the same time period, but as of November 2020, each of the lawsuits filed in the United States has been dismissed with prejudice. The Canadian lawsuits make similar factual allegations that Live Nation and/or Ticketmaster engage in conduct that is intended to encourage the resale of tickets on secondary ticket exchanges at elevated prices. Based on these allegations, each plaintiff asserts violations of different provincial and federal laws. Each plaintiff also seeks to represent a class of individuals who purchased tickets on a secondary ticket exchange, as defined in each plaintiff’s complaint. The Watch complaint also makes claims related to Ticketmaster’s fee display practices on the primary market. The complaints seek a variety of remedies, including unspecified compensatory damages, punitive damages, restitution, injunctive relief and attorneys’ fees and costs. The McPhee matter is stayed pending the outcome of the Watch matter, and the Thompson-Marcial, Watch, and Gomel cases are in the class certification phase. In April 2021, the court in the Gomel lawsuit refused to certify all claims other than those pled under British Columbia’s Business Practices and Consumer Protection Act and claims for punitive damages, but the court did certify a class of British Columbia residents who purchased tickets to an event in Canada on any secondary market exchange from June 30, 2015 through April 15, 2021 that were initially purchased on Ticketmaster.ca. We filed a notice of appeal of the class certification ruling in May 2021, and the plaintiff filed a cross-appeal shortly thereafter. Based on information presently known to management, we do not believe that a loss is probable of occurring at this time, and we believe that the potential liability, if any, will not have a material adverse effect on our financial position, cash flows or results of operations. Further, we do not currently believe that the claims asserted in these lawsuits have merit, and considerable uncertainty exists regarding any monetary damages that will be asserted against us. We continue to vigorously defend these actions. Astroworld Litigation On November 5, 2021, the Astroworld music festival was held in Houston, Texas. During the course of the festival, ten members of the audience sustained fatal injuries and others suffered non-fatal injuries. Following these events, approximately 450 civil lawsuits have been filed against Live Nation Entertainment, Inc. and related entities, asserting insufficient crowd control and other theories, seeking compensatory and punitive damages. Pursuant to a February 14, 2022 order of the state Multidistrict Litigation Panel, matter 21-1033, the civil cases have been assigned to Judge Kristen Hawkins of the 11th District Court of Harris County, Texas, for oversight of pretrial matters under Texas’s rules governing multidistrict litigation. Discovery is underway. A confidential settlement was reached with the family of one of the deceased plaintiffs, and the family’s case was dismissed with prejudice against all defendants in August 2022. We are currently unable to reliably predict the developments in, outcome of, and economic costs and other consequences of pending or future litigation related to these matters. We will continue to investigate the factual and legal defenses, and evaluate these matters based on subsequent events, new information and future circumstances. We currently expect that liability insurance can provide sufficient coverage, but at this time there are no assurances of such coverage. Given that these cases are in the early stages and in light of the uncertainties surrounding them, we do not currently possess sufficient information to determine a range of reasonably possible liability. Notwithstanding the foregoing, and without admitting liability or wrongdoing, we may incur material liabilities from the 2021 Astroworld event, which could have a material impact on our business, financial condition, results of operations and/or cash flows.

EQUITY

EQUITY	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Equity	EQUITY Accumulated Other Comprehensive Income (Loss) The following table presents changes in the components of AOCI, net of taxes, for the nine months ended September 30, 2022: Cash Flow Hedge Foreign Currency Items Total (in thousands) Balance at December 31, 2021 $ (8,558) $ (139,406) $ (147,964) Other comprehensive income before reclassifications 50,178 (58,731) (8,553) Amount reclassified from AOCI 2,634 — 2,634 Net other comprehensive income 52,812 (58,731) (5,919) Balance at September 30, 2022 $ 44,254 $ (198,137) $ (153,883) Earnings Per Share Basic net income (loss) per common share is computed by dividing the net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. The calculation of diluted net income (loss) per common share includes the effects of the assumed exercise of any outstanding stock options, the assumed vesting of shares of restricted and deferred stock awards and the assumed conversion of our convertible senior notes, where dilutive. The following table sets forth the computation of weighted average common shares outstanding: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Weighted average common shares—basic 225,761,777 216,888,355 224,123,130 215,716,239 Effect of dilutive securities: Stock options and restricted stock 6,060,991 6,912,045 7,409,515 — Convertible senior notes 11,864,035 — 8,085,275 — Weighted average common shares—diluted 243,686,803 223,800,400 239,617,920 215,716,239 The following table shows securities excluded from the calculation of diluted net income (loss) per common share because such securities are anti-dilutive: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Options to purchase shares of common stock 3,750 3,750 3,750 7,727,064 Restricted stock and deferred stock—unvested 1,340,319 91,275 1,260,701 3,207,115 Conversion shares related to the convertible senior notes — 11,864,035 3,778,760 11,864,035 Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding 1,344,069 11,959,060 5,043,211 22,798,214

REVENUE RECOGNITION

REVENUE RECOGNITION	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION The global COVID-19 pandemic significantly impacted revenue for our Concerts, Ticketing and Sponsorship & Advertising segments for the nine months ended September 30, 2021. As we moved into 2022, more of our larger markets resumed shows and beginning in the second quarter of 2022, almost all markets had re-opened without restrictions, and we began to see the easing of restrictions in our Asia Pacific markets. Concerts Concerts revenue, including intersegment revenue, for the three and nine months ended September 30, 2022 and 2021 are as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 (in thousands) Total Concerts Revenue $ 5,292,594 $ 2,151,596 $ 10,098,180 $ 2,677,970 Percentage of consolidated revenue 86.0 % 79.7 % 81.5 % 75.1 % Our Concerts segment generates revenue from the promotion or production of live music events and festivals in our owned or operated venues and in rented third-party venues, artist management commissions and the sale of merchandise for music artists at events. As a promoter and venue operator, we earn revenue primarily from the sale of tickets, concessions, merchandise, parking, ticket rebates or service charges on tickets sold by Ticketmaster or third-party ticketing agreements, and rental of our owned or operated venues. As an artist manager, we earn commissions on the earnings of the artists and other clients we represent, primarily derived from clients’ earnings for concert tours. Over 95% of Concerts’ revenue, whether related to promotion, venue operations, artist management or artist event merchandising, is recognized on the day of the related event. The majority of consideration for our Concerts segment is collected in advance of, or on the day of, the event. Consideration received in advance of the event is recorded as deferred revenue or in other long-term liabilities if the event is more than twelve months from the balance sheet date. Any consideration not collected by the day of the event is typically received within three months after the event date. Ticketing Ticketing revenue, including intersegment revenue, for the three and nine months ended September 30, 2022 and 2021 are as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 (in thousands) Total Ticketing Revenue $ 531,570 $ 374,237 $ 1,587,274 $ 646,560 Percentage of consolidated revenue 8.6 % 13.9 % 12.8 % 18.1 % Ticket fee revenue is generated from convenience and order processing fees, or service charges, charged at the time a ticket for an event is sold in either the primary or secondary markets. Our Ticketing segment is primarily an agency business that sells tickets for events on behalf of its clients, which include venues, concert promoters, professional sports franchises and leagues, college sports teams, theater producers and museums. Our Ticketing segment records revenue arising from the portion of convenience and order processing fees it retains, regardless of whether these fees are related to tickets sold in the primary or secondary market, and regardless of whether these fees are associated with our concert events or third-party clients’ concert events. Our Ticketing segment does not record the face value of the tickets as revenue. Ticket fee revenue is recognized when the ticket is sold for third-party clients and secondary market sales, as we have no further obligation to our client’s customers following the sale of the ticket. For our concert events where our concert promoters control ticketing, ticket fee revenue is recognized when the event occurs because we also have the obligation to deliver the event to the fan. The delivery of the ticket to the fan is not considered a distinct performance obligation for our concert events because the fan cannot receive the benefits of the ticket unless we also fulfill our obligation to deliver the event. The majority of ticket fee revenue is collected within the month of the ticket sale. Revenue received from the sale of tickets in advance of our concert events is recorded as deferred revenue or in other long-term liabilities if the date of the event is more than twelve months from the balance sheet date. Reported revenue is net of any refunds made or committed to and also the impact of any cancellations of events that occurred during the period. Ticketing contract advances, which can be either recoupable or non-recoupable, represent amounts paid in advance to our clients pursuant to ticketing agreements and are reflected in prepaid expenses or in long-term advances if the amount is expected to be recouped or recognized over a period of more than twelve months. Recoupable ticketing contract advances are generally recoupable against future royalties earned by the client, based on the contract terms, over the life of the contract. Royalties are typically earned by the client when tickets are sold. Royalties paid to clients are recorded as a reduction to revenue when the tickets are sold and the corresponding service charge revenue is recognized. Non-recoupable ticketing contract advances, excluding those amounts paid to support clients’ advertising costs, are fixed additional incentives occasionally paid by us to certain clients to secure the contract and are typically amortized over the life of the contract on a straight-line basis as a reduction to revenue. At September 30, 2022 and December 31, 2021, we had ticketing contract advances of $110.1 million and $90.5 million, respectively, recorded in prepaid expenses and $85.5 million and $86.5 million, respectively, recorded in long-term advances on the consolidated balance sheets. We amortized $15.7 million and $20.5 million for the three months ended September 30, 2022 and 2021, respectively, and $56.1 million and $49.2 million for the nine months ended September 30, 2022 and 2021, respectively, related to non-recoupable ticketing contract advances. Sponsorship & Advertising Sponsorship & Advertising revenue, including intersegment revenue, for the three and nine months ended September 30, 2022 and 2021 are as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 (in thousands) Total Sponsorship & Advertising Revenue $ 343,029 $ 174,449 $ 722,504 $ 241,657 Percentage of consolidated revenue 5.6 % 6.5 % 5.8 % 6.8 % Our Sponsorship & Advertising segment generates revenue from sponsorship and marketing programs that provide its sponsors with strategic, international, national and local opportunities to reach customers through our venue, concert and ticketing assets, including advertising on our websites. These programs can also include custom events or programs for the sponsors’ specific brands, which are typically experienced exclusively by the sponsors’ customers. Sponsorship agreements may contain multiple elements, which provide several distinct benefits to the sponsor over the term of the agreement, and can be for a single or multi-year term. We also earn revenue from exclusive access rights provided to sponsors in various categories such as ticket pre-sales, beverage pouring rights, venue naming rights, media campaigns, signage within our venues, and advertising on our websites. Revenue from sponsorship agreements is allocated to the multiple elements based on the relative stand-alone selling price of each separate element, which are determined using vendor-specific evidence, third-party evidence or our best estimate of the fair value. Revenue is recognized over the term of the agreement or operating season as the benefits are provided to the sponsor unless the revenue is associated with a specific event, in which case it is recognized when the event occurs. Revenue is collected in installment payments during the year, typically in advance of providing the benefit or the event. Revenue received in advance of the event or the sponsor receiving the benefit is recorded as deferred revenue or in other long-term liabilities if the date of the event is more than twelve months from the balance sheet date. At September 30, 2022, we had contracted sponsorship agreements with terms greater than one year that had approximately $1.3 billion of revenue related to future benefits to be provided by us. We expect to recognize, based on current projections, approximately 10%, 36%, 23% and 31% of this revenue in the remainder of 2022, 2023, 2024 and thereafter, respectively. Deferred Revenue The majority of our deferred revenue is typically classified as current and is shown as a separate line item on the consolidated balance sheets. Deferred revenue that is not expected to be recognized within the next twelve months is classified as long-term and reflected in other long-term liabilities on the consolidated balance sheets. We had current deferred revenue of $2.8 billion and $1.8 billion at December 31, 2021 and 2020, respectively. The table below summarizes the amount of the preceding December 31 current deferred revenue recognized during the three and nine months ended September 30, 2022 and 2021: Three Months Ended Nine Months Ended 2022 2021 2022 2021 (in thousands) Concerts $ 825,573 $ 278,557 $ 2,135,814 $ 330,852 Ticketing 40,803 24,159 120,543 31,950 Sponsorship & Advertising 36,703 43,437 128,035 58,070 $ 903,079 $ 346,153 $ 2,384,392 $ 420,872

SEGMENT DATA

SEGMENT DATA	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
SEGMENT DATA	SEGMENT DATA Our reportable segments are Concerts, Ticketing and Sponsorship & Advertising. Our Concerts segment involves the promotion of live music events globally in our owned or operated venues and in rented third-party venues, the production of music festivals, the operation and management of music venues, the creation or streaming of associated content and the provision of management and other services to artists. Our Ticketing segment involves the management of our global ticketing operations, including providing ticketing software and services to clients, and consumers with a marketplace, both online and mobile, for tickets and event information, and is responsible for our primary ticketing website, www.ticketmaster.com . Our Sponsorship & Advertising segment manages the development of strategic sponsorship programs in addition to the sale of international, national and local sponsorships and placement of advertising such as signage, promotional programs, rich media offerings, including advertising associated with live streaming and music-related content, and ads across our distribution network of venues, events and websites. Revenue and expenses earned and charged between segments are eliminated in consolidation. We use AOI to evaluate the performance of our operating segments and define AOI as operating income (loss) before certain stock-based compensation expense, loss (gain) on disposal of operating assets, depreciation and amortization (including goodwill impairment), amortization of non-recoupable ticketing contract advances and acquisition expenses (including transaction costs, changes in the fair value of accrued acquisition-related contingent consideration obligations, and acquisition-related severance and compensation) . AOI assists investors by allowing them to evaluate changes in the operating results of our portfolio of businesses separate from non-operational factors that affect net income (loss), thus providing insights into both operations and the other factors that affect reported results. We manage our working capital on a consolidated basis. Accordingly, segment assets are not reported to, or used by, our management to allocate resources to or assess performance of our segments, and therefore, total segment assets and related depreciation and amortization have not been presented. The following table presents the results of operations for our reportable segments for the three and nine months ended September 30, 2022 and 2021: Concerts Ticketing Sponsorship Other & Eliminations Corporate Consolidated (in thousands) Three Months Ended September 30, 2022 Revenue $ 5,292,594 $ 531,570 $ 343,029 $ (13,658) $ — $ 6,153,535 Intersegment revenue $ 4,408 $ 9,748 $ — $ (14,156) $ — $ — AOI $ 280,809 $ 163,176 $ 226,234 $ (3,420) $ (46,081) $ 620,718 Three Months Ended September 30, 2021 Revenue $ 2,151,596 $ 374,237 $ 174,449 $ (1,560) $ — $ 2,698,722 Intersegment revenue $ 1,473 $ 630 $ — $ (2,103) $ — $ — AOI $ 59,578 $ 171,754 $ 111,211 $ (1,179) $ (35,684) $ 305,680 Nine Months Ended September 30, 2022 Revenue $ 10,098,180 $ 1,587,274 $ 722,504 $ (17,441) $ — $ 12,390,517 Intersegment revenue $ 6,635 $ 12,660 $ — $ (19,295) $ — $ — AOI $ 354,587 $ 600,155 $ 474,238 $ (9,827) $ (109,797) $ 1,309,356 Nine Months Ended September 30, 2021 Revenue $ 2,677,970 $ 646,560 $ 241,657 $ (910) $ — $ 3,565,277 Intersegment revenue $ 1,473 $ 1,610 $ — $ (3,083) $ — $ — AOI $ (99,010) $ 208,418 $ 127,755 $ (4,624) $ (68,951) $ 163,588 The following table sets forth the reconciliation of consolidated AOI to operating income (loss) for the three and nine months ended September 30, 2022 and 2021: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in thousands) AOI $ 620,718 $ 305,680 $ 1,309,356 $ 163,588 Acquisition expenses 7,495 20,644 29,115 14,801 Amortization of non-recoupable ticketing contract advance 15,729 20,486 56,121 49,214 Depreciation and amortization 102,093 101,235 318,489 313,758 Gain on sale of operating assets (35,285) (1,148) (32,555) (1,038) Stock-based compensation expense 24,437 27,318 86,178 80,165 Operating income (loss) $ 506,249 $ 137,145 $ 852,008 $ (293,312)

BASIS OF PRESENTATION AND OTH_2

BASIS OF PRESENTATION AND OTHER INFORMATION (Basis of Presentation and Other Information) (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Cash and Cash Equivalents	Cash and Cash Equivalents Included in the September 30, 2022 and December 31, 2021 cash and cash equivalents balance is $1.3 billion of cash received that includes the face value of tickets sold on behalf of our ticketing clients and their share of service charges (“client cash”), which amounts are to be remitted to these clients. We generally do not utilize client cash for our own financing or investing activities as the amounts are payable to our clients on a regular basis. These amounts due to our clients are included in accounts payable, client accounts.
Income Taxes	Income Taxes Each reporting period, we evaluate the realizability of our deferred tax assets in each tax jurisdiction. As of September 30, 2022, we continued to maintain a full valuation allowance against our net deferred tax assets in certain jurisdictions due to cumulative pre-tax losses. As a result of the valuation allowances, no tax benefits have been recognized for losses incurred, if any, in those tax jurisdictions for the first nine months of 2022. In August 2022, the Inflation Reduction Act (IRA) was enacted in the United States, which includes health care, clean energy, and income tax provisions. The income tax provisions amend the Internal Revenue Code to include amongst other things a corporate alternative minimum tax starting in the 2023 tax year. The Company is still assessing the impact due to lack of United States Treasury regulations; however, the IRA is not expected to have a material impact on the Company's financial statements due to net operating losses and full valuation allowances for the United States, which is our most significant jurisdiction. We will continue to monitor to ensure our financial results and related tax disclosures are in compliance with the IRA tax legislation.
Recent Accounting Pronouncements	Accounting Pronouncements - Adopted In August 2020, the FASB issued guidance that simplifies the accounting for convertible instruments and its application of the derivatives scope exception for contracts in an entity’s own equity. The new guidance reduces the number of accounting models that require separating embedded conversion features from convertible instruments. As a result, only conversion features accounted for under the substantial premium model and those that require bifurcation will be accounted for separately. For contracts in an entity’s own equity, the new guidance eliminates some of the current requirements for equity classification. The guidance also addresses how convertible instruments are accounted for in the diluted earnings per share calculation and requires enhanced disclosures about the terms of convertible instruments and contracts in an entity’s own equity. We adopted this guidance on January 1, 2022, using the modified retrospective method and recorded a cumulative-effect adjustment of $60.5 million as a reduction to accumulated deficit in the consolidated balance sheets. The impact of adoption also resulted in a reduction of additional paid-in capital of $96.0 million and increased our current portion of long-term debt, net and long-term debt, net by $14.7 million and $20.8 million, respectively, as a result of reversal of the separation of the convertible debt between debt and equity. The adoption did not have a material effect on our consolidated statements of operations or consolidated statements of cash flows.

BUSINESS ACQUISITIONS (Tables)

BUSINESS ACQUISITIONS (Tables)	9 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Business Acquisitions, by Acquisition [Table]	The following table summarizes the preliminary acquisition-date fair value of the identifiable assets acquired, liabilities assumed and noncontrolling interests including goodwill: Initial Allocation (in thousands) Fair value of consideration transferred $ 431,943 Adjustments for working capital 2,269 Fair value of redeemable noncontrolling interests 280,000 Fair value of noncontrolling interests 7,000 Fair value of pre-existing investment in nonconsolidated affiliates 50,000 Less: Preliminary recognized amounts of identifiable assets acquired and liabilities assumed Cash and cash equivalents 105,118 Accounts receivable 90,575 Prepaid expenses 33,060 Other current assets 658 Property, plant and equipment 25,221 Operating lease assets 67,193 Intangible assets 337,000 Investments in nonconsolidated affiliates 30,000 Other long-term assets 36,525 Accounts payable, client accounts (12,566) Accounts payable (13,344) Accrued expenses (71,209) Deferred revenue (144,557) Current portion of operating lease liabilities (9,209) Long-term operating lease liabilities (57,984) Long-term deferred income taxes (101,379) Goodwill $ 456,110
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	Intangible assets — the preliminary fair value of the acquired intangible assets is currently being evaluated using commonly used valuation techniques. In estimating the fair value of the acquired intangible assets, we utilized the valuation methodology determined to be most appropriate for the individual intangible asset being valued. The acquired definite-lived intangible assets include the following: Preliminary Estimated Fair Value Preliminary Estimated Useful Lives (1) (in thousands) (years) Client/vendor relationships $ 100,000 10 Revenue-generating contracts 90,000 4 to 10 Venue management and leaseholds 107,000 10 Trademarks and naming rights 40,000 10 Total acquired intangible assets $ 337,000 _____________________ (1) Determination of the preliminary estimated useful lives of the individual categories of intangible assets was based on the nature of the applicable intangible asset and the expected future cash flows to be derived from the intangible asset. Amortization of intangible assets with definite lives is recognized over the shorter of the respective lives of the agreement or the period of time the assets are expected to contribute to future cash flows.

LONG-LIVED ASSETS (Long-Lived A

LONG-LIVED ASSETS (Long-Lived Assets) (Tables)	9 Months Ended
	Sep. 30, 2022
LONG-LIVED ASSETS [Abstract]
Property, Plant and Equipment	Property, plant and equipment, net, consisted of the following: September 30, 2022 December 31, 2021 (in thousands) Land, buildings and improvements $ 1,344,611 $ 1,324,278 Computer equipment and capitalized software 877,210 910,581 Furniture and other equipment 478,341 411,403 Construction in progress 169,327 173,865 2,869,489 2,820,127 Less: accumulated depreciation 1,771,558 1,728,198 $ 1,097,931 $ 1,091,929
Gross Carrying Amount and Accumulated Amortization of Definite-Lived Intangible Assets	The following table presents the changes in the gross carrying amount and accumulated amortization of definite-lived intangible assets for the nine months ended September 30, 2022: Client / Revenue- Venue management and leaseholds Trademarks Technology Other (1) Total (in thousands) Balance as of December 31, 2021: Gross carrying amount $ 576,930 $ 593,258 $ 232,856 $ 180,865 $ 37,335 $ 10,414 $ 1,631,658 Accumulated amortization (178,725) (275,909) (46,929) (79,349) (18,375) (6,033) (605,320) Net 398,205 317,349 185,927 101,516 18,960 4,381 1,026,338 Gross carrying amount: Acquisitions—current year 24,979 23,313 9,978 — — 1,728 59,998 Acquisitions—prior year (2,000) 3,600 — (1,000) — — 600 Foreign exchange (19,427) (20,331) (5,053) (374) (26) (897) (46,108) Other (2) (8,716) (8,097) (615) 39 (7,489) (1,211) (26,089) Net change (5,164) (1,515) 4,310 (1,335) (7,515) (380) (11,599) Accumulated amortization: Amortization (56,711) (49,762) (18,475) (13,214) (8,386) (3,821) (150,369) Foreign exchange 8,761 12,326 3,476 860 17 259 25,699 Other (2) 8,685 7,719 731 (533) 8,460 2,310 27,372 Net change (39,265) (29,717) (14,268) (12,887) 91 (1,252) (97,298) Balance as of September 30, 2022: Gross carrying amount 571,766 591,743 237,166 179,530 29,820 10,034 1,620,059 Accumulated amortization (217,990) (305,626) (61,197) (92,236) (18,284) (7,285) (702,618) Net $ 353,776 $ 286,117 $ 175,969 $ 87,294 $ 11,536 $ 2,749 $ 917,441 (1) Other primarily includes intangible assets for non-compete agreements. (2) Other primarily includes netdowns of fully amortized or impaired assets.	[1],[2]
Weighted Average Lives of Additions to Definite-Lived Intangible Assets	The 2022 additions to definite-lived intangible assets from acquisitions have weighted-average lives as follows: Weighted- Revenue-generating contracts 5 Client/vendor relationships 5 Venue management and leaseholds 30 All categories 9
Changes in Goodwill by Segment	The following table presents the changes in the carrying amount of goodwill in each of our reportable segments for the nine months ended September 30, 2022: Concerts Ticketing Sponsorship Total (in thousands) Balance as of December 31, 2021: Goodwill $ 1,390,451 $ 930,064 $ 705,717 $ 3,026,232 Accumulated impairment losses (435,363) — — (435,363) Net 955,088 930,064 705,717 2,590,869 Acquisitions—current year 34,256 — — 34,256 Acquisitions—prior year (22,339) 12,057 1,898 (8,384) Dispositions (1,792) — — (1,792) Foreign exchange (33,833) (13,435) (19,229) (66,497) Balance as of September 30, 2022: Goodwill 1,366,743 928,686 688,386 2,983,815 Accumulated impairment losses (435,363) — — (435,363) Net $ 931,380 $ 928,686 $ 688,386 $ 2,548,452
[1]Other primarily includes intangible assets for non-compete agreements.[2]Other primarily includes netdowns of fully amortized or impaired assets.

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Significant Components of Operating Lease Expense	The significant components of operating lease expense are as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 (in thousands) Operating lease expense $ 60,003 $ 56,662 $ 195,514 $ 168,538 Variable and short-term lease expense 64,548 44,552 117,441 57,548 Sublease income (1,627) (1,346) (3,901) (4,864) Net lease expense $ 122,924 $ 99,868 $ 309,054 $ 221,222
Supplemental Cash Flow Information for Operating Leases	Supplemental cash flow information for our operating leases is as follows: Nine Months Ended 2022 2021 (in thousands) Cash paid for amounts included in the measurement of lease liabilities $ 177,847 $ 142,243 Lease assets obtained in exchange for lease obligations, net of terminations $ 289,977 $ 79,703
Lessee, Operating Lease, Liability, Maturity	Future maturities of our operating lease liabilities at September 30, 2022 are as follows: (in thousands) Remainder of 2022 $ 56,656 2023 244,468 2024 234,451 2025 222,720 2026 212,689 Thereafter 1,747,809 Total lease payments 2,718,793 Less: Interest 887,785 Present value of lease liabilities $ 1,831,008
Operating Leases Weighted Average Remaining Lease Term and Discount Rate	The weighted average remaining lease term and weighted average discount rate for our operating leases are as follows: September 30, 2022 December 31, 2021 Weighted average remaining lease term (in years) 13.6 13.2 Weighted average discount rate 5.96 % 6.10 %

FAIR VALUE MEASUREMENTS Fair Va

FAIR VALUE MEASUREMENTS Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities Measured on a Recurring Basis	The following table shows the fair value of our significant financial assets that are required to be measured at fair value on a recurring basis, which are classified on the consolidated balance sheets as cash and cash equivalents. Estimated Fair Value September 30, 2022 December 31, 2021 Level 1 Level 2 Total Level 1 Level 2 Total (in thousands) Assets: Cash equivalents $ 725,975 $ — $ 725,975 $ 620,980 $ — $ 620,980 Interest rate swap — 44,254 44,254 — — — Liabilities: Interest rate swap $ — $ — $ — $ — $ 8,558 $ 8,558
Estimated Fair Values of Debt	The following table presents the estimated fair values of our senior secured notes, senior notes and convertible senior notes: Estimated Fair Value at September 30, 2022 December 31, 2021 Level 2 (in thousands) 6.5% Senior Secured Notes due 2027 $ 1,155,336 $ 1,315,284 3.75% Senior Secured Notes due 2028 $ 422,735 $ 498,380 4.75% Senior Notes due 2027 $ 829,768 $ 978,358 4.875% Senior Notes due 2024 $ 554,553 $ 582,952 5.625% Senior Notes due 2026 $ 285,126 $ 310,284 2.5% Convertible Senior Notes due 2023 $ 651,360 $ 996,369 2.0% Convertible Senior Notes due 2025 $ 400,040 $ 531,040

EQUITY Equity (Tables)

EQUITY Equity (Tables)	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table presents changes in the components of AOCI, net of taxes, for the nine months ended September 30, 2022: Cash Flow Hedge Foreign Currency Items Total (in thousands) Balance at December 31, 2021 $ (8,558) $ (139,406) $ (147,964) Other comprehensive income before reclassifications 50,178 (58,731) (8,553) Amount reclassified from AOCI 2,634 — 2,634 Net other comprehensive income 52,812 (58,731) (5,919) Balance at September 30, 2022 $ 44,254 $ (198,137) $ (153,883)
Schedule of Weighted Average Number of Shares	The following table sets forth the computation of weighted average common shares outstanding: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Weighted average common shares—basic 225,761,777 216,888,355 224,123,130 215,716,239 Effect of dilutive securities: Stock options and restricted stock 6,060,991 6,912,045 7,409,515 — Convertible senior notes 11,864,035 — 8,085,275 — Weighted average common shares—diluted 243,686,803 223,800,400 239,617,920 215,716,239
Potentially Dilutive Securities Excluded From Diluted Net Income (Loss) Per Common Share	The following table shows securities excluded from the calculation of diluted net income (loss) per common share because such securities are anti-dilutive: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Options to purchase shares of common stock 3,750 3,750 3,750 7,727,064 Restricted stock and deferred stock—unvested 1,340,319 91,275 1,260,701 3,207,115 Conversion shares related to the convertible senior notes — 11,864,035 3,778,760 11,864,035 Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding 1,344,069 11,959,060 5,043,211 22,798,214

REVENUE RECOGNITION Revenue Rec

REVENUE RECOGNITION Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Concerts Revenue	Concerts revenue, including intersegment revenue, for the three and nine months ended September 30, 2022 and 2021 are as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 (in thousands) Total Concerts Revenue $ 5,292,594 $ 2,151,596 $ 10,098,180 $ 2,677,970 Percentage of consolidated revenue 86.0 % 79.7 % 81.5 % 75.1 %
Disaggregation of Ticketing Revenue	Ticketing revenue, including intersegment revenue, for the three and nine months ended September 30, 2022 and 2021 are as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 (in thousands) Total Ticketing Revenue $ 531,570 $ 374,237 $ 1,587,274 $ 646,560 Percentage of consolidated revenue 8.6 % 13.9 % 12.8 % 18.1 %
Disaggregation of Sponsorship & Advertising Revenue	Sponsorship & Advertising revenue, including intersegment revenue, for the three and nine months ended September 30, 2022 and 2021 are as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 (in thousands) Total Sponsorship & Advertising Revenue $ 343,029 $ 174,449 $ 722,504 $ 241,657 Percentage of consolidated revenue 5.6 % 6.5 % 5.8 % 6.8 %
Contract with Customer, Asset and Liability	The table below summarizes the amount of the preceding December 31 current deferred revenue recognized during the three and nine months ended September 30, 2022 and 2021: Three Months Ended Nine Months Ended 2022 2021 2022 2021 (in thousands) Concerts $ 825,573 $ 278,557 $ 2,135,814 $ 330,852 Ticketing 40,803 24,159 120,543 31,950 Sponsorship & Advertising 36,703 43,437 128,035 58,070 $ 903,079 $ 346,153 $ 2,384,392 $ 420,872

SEGMENT DATA Segment Data (Tabl

SEGMENT DATA Segment Data (Tables)	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Results of Operations Related to Reportable Segments of the Entity	The following table presents the results of operations for our reportable segments for the three and nine months ended September 30, 2022 and 2021: Concerts Ticketing Sponsorship Other & Eliminations Corporate Consolidated (in thousands) Three Months Ended September 30, 2022 Revenue $ 5,292,594 $ 531,570 $ 343,029 $ (13,658) $ — $ 6,153,535 Intersegment revenue $ 4,408 $ 9,748 $ — $ (14,156) $ — $ — AOI $ 280,809 $ 163,176 $ 226,234 $ (3,420) $ (46,081) $ 620,718 Three Months Ended September 30, 2021 Revenue $ 2,151,596 $ 374,237 $ 174,449 $ (1,560) $ — $ 2,698,722 Intersegment revenue $ 1,473 $ 630 $ — $ (2,103) $ — $ — AOI $ 59,578 $ 171,754 $ 111,211 $ (1,179) $ (35,684) $ 305,680 Nine Months Ended September 30, 2022 Revenue $ 10,098,180 $ 1,587,274 $ 722,504 $ (17,441) $ — $ 12,390,517 Intersegment revenue $ 6,635 $ 12,660 $ — $ (19,295) $ — $ — AOI $ 354,587 $ 600,155 $ 474,238 $ (9,827) $ (109,797) $ 1,309,356 Nine Months Ended September 30, 2021 Revenue $ 2,677,970 $ 646,560 $ 241,657 $ (910) $ — $ 3,565,277 Intersegment revenue $ 1,473 $ 1,610 $ — $ (3,083) $ — $ — AOI $ (99,010) $ 208,418 $ 127,755 $ (4,624) $ (68,951) $ 163,588
Reconciliation of AOI to Operating Income (Loss)	The following table sets forth the reconciliation of consolidated AOI to operating income (loss) for the three and nine months ended September 30, 2022 and 2021: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in thousands) AOI $ 620,718 $ 305,680 $ 1,309,356 $ 163,588 Acquisition expenses 7,495 20,644 29,115 14,801 Amortization of non-recoupable ticketing contract advance 15,729 20,486 56,121 49,214 Depreciation and amortization 102,093 101,235 318,489 313,758 Gain on sale of operating assets (35,285) (1,148) (32,555) (1,038) Stock-based compensation expense 24,437 27,318 86,178 80,165 Operating income (loss) $ 506,249 $ 137,145 $ 852,008 $ (293,312)

BASIS OF PRESENTATION AND OTH_3

BASIS OF PRESENTATION AND OTHER INFORMATION (Basis of Presentation and Other Information) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Cash received that includes the face value of tickets sold on behalf of ticketing clients and their share of service charges.	$ 1,300,000,000	$ 1,300,000,000
Tax benefit recognized for losses incurred	$ 0

BASIS OF PRESENTATION AND OTH_4

BASIS OF PRESENTATION AND OTHER INFORMATION (Impact of Adoption of Accounting Standard) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accumulated deficit	$ (2,768,195)		$ (3,327,737)
Total equity	398,556	$ 34,998	(188,454)	$ (41,776)	$ (579,603)	$ (133,752)
Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity			(35,464)
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity	(2,768,195)	(3,129,597)	(3,327,737)	(3,132,813)	(3,179,691)	(2,676,833)
Retained Earnings | Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity			60,522
Additional Paid-in Capital
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity	$ 2,852,112	$ 2,853,613	2,897,695	$ 2,903,613	$ 2,433,462	$ 2,386,790
Additional Paid-in Capital | Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity			(95,986)
Accounting Standards Update 2020-06
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Convertible Debt, Current			14,700
Convertible Debt, Noncurrent			$ 20,800

BUSINESS ACQUISITIONS (Recordin

BUSINESS ACQUISITIONS (Recording of Assets Acquired and Liabilities) (Details) - USD ($) $ in Thousands		9 Months Ended
	Dec. 06, 2021	Sep. 30, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
OCESA Capital Stock Acquisition	51%
Operating lease assets		$ 1,615,997	$ 1,538,911
Investments in nonconsolidated affiliates		355,600	293,600
Accounts payable, client accounts		(1,580,498)	(1,532,345)
Current portion of operating lease liabilities		(141,544)	(123,715)
Long-term operating lease liabilities		(1,689,464)	(1,606,064)
Goodwill		2,548,452	2,590,869
Business Acquisition, Goodwill, Expected Tax Deductible Amount		0
Concerts
Business Acquisition [Line Items]
Goodwill		931,380	955,088
Ticketing [Member]
Business Acquisition [Line Items]
Goodwill		928,686	930,064
Sponsorship and Advertising [Member]
Business Acquisition [Line Items]
Goodwill		688,386	$ 705,717
OCESA Acquisition
Business Acquisition [Line Items]
Business Combination, Consideration Transferred	$ 431,900	431,943
Adjustments for Working Capital		2,269
Fair value of redeemable noncontrolling interests		280,000
Fair value of noncontrolling interests		7,000
Fair value of pre-existing investment in nonconsolidated affiliates		50,000
Cash and cash equivalents		105,118
Accounts receivable		90,575
Prepaid expenses		33,060
Other current assets		658
Property, plant and equipment		25,221
Operating lease assets		67,193
Intangible assets		337,000
Investments in nonconsolidated affiliates		30,000
Other long-term assets		36,525
Accounts payable, client accounts		(12,566)
Accounts payable		(13,344)
Accrued Liabilities, Current		71,209
Deferred revenue		(144,557)
Current portion of operating lease liabilities		(9,209)
Long-term operating lease liabilities		(57,984)
Long-term deferred income taxes		101,379
Goodwill		456,110
OCESA Acquisition | Concerts
Business Acquisition [Line Items]
Goodwill		46,700
OCESA Acquisition | Ticketing [Member]
Business Acquisition [Line Items]
Goodwill		165,000
OCESA Acquisition | Sponsorship and Advertising [Member]
Business Acquisition [Line Items]
Goodwill		$ 244,400

BUSINESS ACQUISITIONS (Intangib

BUSINESS ACQUISITIONS (Intangible Assets) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted-average lives of definite-lived intangible assets	9 years
OCESA Acquisition
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 337,000
OCESA Acquisition | Minimum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Discount Rate	12%
OCESA Acquisition | Maximum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Discount Rate	13%
Client/vendor relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted-average lives of definite-lived intangible assets	5 years
Client/vendor relationships [Member] | OCESA Acquisition
Acquired Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 100,000
Client/vendor relationships [Member] | OCESA Acquisition | Maximum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted-average lives of definite-lived intangible assets	10 years	[1]
Revenue-generating contracts [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted-average lives of definite-lived intangible assets	5 years
Revenue-generating contracts [Member] | OCESA Acquisition
Acquired Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 90,000
Revenue-generating contracts [Member] | OCESA Acquisition | Minimum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted-average lives of definite-lived intangible assets	4 years	[1]
Revenue-generating contracts [Member] | OCESA Acquisition | Maximum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted-average lives of definite-lived intangible assets	10 years	[1]
Venue Management & Leaseholds
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted-average lives of definite-lived intangible assets	30 years
Venue Management & Leaseholds | OCESA Acquisition
Acquired Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 107,000
Weighted-average lives of definite-lived intangible assets	10 years	[1]
Trademarks and naming rights [Member] | OCESA Acquisition
Acquired Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 40,000
Trademarks and naming rights [Member] | OCESA Acquisition | Maximum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted-average lives of definite-lived intangible assets	10 years	[1]
[1]Determination of the preliminary estimated useful lives of the individual categories of intangible assets was based on the nature of the applicable intangible asset and the expected future cash flows to be derived from the intangible asset. Amortization of intangible assets with definite lives is recognized over the shorter of the respective lives of the agreement or the period of time the assets are expected to contribute to future cash flows.

BUSINESS ACQUISITIONS (NCI) (De

BUSINESS ACQUISITIONS (NCI) (Details) - OCESA Acquisition $ in Thousands	Sep. 30, 2022 USD ($)
Business Acquisition NCI [Line Items]
Fair value of redeemable noncontrolling interests	$ 280,000
Fair value of noncontrolling interests	$ 7,000
Adjustment to Account for Acquisition Premium	20%
Minimum [Member]
Business Acquisition NCI [Line Items]
Adjustment to Account for Lack of Marketability	10%
Maximum [Member]
Business Acquisition NCI [Line Items]
Adjustment to Account for Lack of Marketability	20%

BUSINESS ACQUISITIONS (Acquisit

BUSINESS ACQUISITIONS (Acquisition Costs) (Details) - OCESA Acquisition - USD ($) $ in Thousands	93 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Business Acquisition NCI [Line Items]
Cumulative OCESA Acquisition Costs	$ 13,200
Business Acquisition, Transaction Costs	$ 900	$ 800

LONG-LIVED ASSETS (Property, Pl

LONG-LIVED ASSETS (Property, Plant and Equipment) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
LONG-LIVED ASSETS [Abstract]
Land, buildings and improvements	$ 1,344,611	$ 1,324,278
Computer equipment and capitalized software	877,210	910,581
Furniture and other equipment	478,341	411,403
Construction in progress	169,327	173,865
Property, plant and equipment, gross	2,869,489	2,820,127
Less: accumulated depreciation	1,771,558	1,728,198
Property, plant and equipment, net	$ 1,097,931	$ 1,091,929

LONG-LIVED ASSETS (Definite-liv

LONG-LIVED ASSETS (Definite-lived Intangibles) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount				$ 1,631,658
Accumulated amortization				(605,320)
Net				1,026,338
Acquisitions—current year				59,998
Acquisitions—prior year				600
Foreign exchange				(46,108)
Other (2)	[1]			(26,089)
Net change				(11,599)
Amortization		$ (48,100)	$ (46,100)	(150,369)	$ (146,600)
Foreign exchange				25,699
Other (2)	[1]			27,372
Net change				(97,298)
Gross carrying amount		1,620,059		1,620,059
Accumulated amortization		(702,618)		(702,618)
Net		917,441		$ 917,441
Weighted-average lives of definite-lived intangible assets				9 years
Client/vendor relationships [Member]
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount				$ 576,930
Accumulated amortization				(178,725)
Net				398,205
Acquisitions—current year				24,979
Acquisitions—prior year				(2,000)
Foreign exchange				(19,427)
Other (2)	[1]			(8,716)
Net change				(5,164)
Amortization				(56,711)
Foreign exchange				8,761
Other (2)	[1]			8,685
Net change				(39,265)
Gross carrying amount		571,766		571,766
Accumulated amortization		(217,990)		(217,990)
Net		353,776		$ 353,776
Weighted-average lives of definite-lived intangible assets				5 years
Revenue-generating contracts [Member]
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount				$ 593,258
Accumulated amortization				(275,909)
Net				317,349
Acquisitions—current year				23,313
Acquisitions—prior year				3,600
Foreign exchange				(20,331)
Other (2)	[1]			(8,097)
Net change				(1,515)
Amortization				(49,762)
Foreign exchange				12,326
Other (2)	[1]			7,719
Net change				(29,717)
Gross carrying amount		591,743		591,743
Accumulated amortization		(305,626)		(305,626)
Net		286,117		$ 286,117
Weighted-average lives of definite-lived intangible assets				5 years
Venue Management & Leaseholds
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount				$ 232,856
Accumulated amortization				(46,929)
Net				185,927
Acquisitions—current year				9,978
Acquisitions—prior year				0
Foreign exchange				(5,053)
Other (2)	[1]			(615)
Net change				4,310
Amortization				(18,475)
Foreign exchange				3,476
Other (2)	[1]			731
Net change				(14,268)
Gross carrying amount		237,166		237,166
Accumulated amortization		(61,197)		(61,197)
Net		175,969		$ 175,969
Weighted-average lives of definite-lived intangible assets				30 years
Trademarks and naming rights [Member]
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount				$ 180,865
Accumulated amortization				(79,349)
Net				101,516
Acquisitions—current year				0
Acquisitions—prior year				(1,000)
Foreign exchange				(374)
Other (2)	[1]			39
Net change				(1,335)
Amortization				(13,214)
Foreign exchange				860
Other (2)	[1]			(533)
Net change				(12,887)
Gross carrying amount		179,530		179,530
Accumulated amortization		(92,236)		(92,236)
Net		87,294		87,294
Technology [Member]
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount				37,335
Accumulated amortization				(18,375)
Net				18,960
Acquisitions—current year				0
Acquisitions—prior year				0
Foreign exchange				(26)
Other (2)	[1]			(7,489)
Net change				(7,515)
Amortization				(8,386)
Foreign exchange				17
Other (2)	[1]			8,460
Net change				91
Gross carrying amount		29,820		29,820
Accumulated amortization		(18,284)		(18,284)
Net		11,536		11,536
Other intangible assets [Member]
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount	[2]			10,414
Accumulated amortization	[2]			(6,033)
Net	[2]			4,381
Acquisitions—current year	[2]			1,728
Acquisitions—prior year	[2]			0
Foreign exchange	[2]			(897)
Other (2)	[1],[2]			(1,211)
Net change	[2]			(380)
Amortization	[2]			(3,821)
Foreign exchange	[2]			259
Other (2)	[1],[2]			2,310
Net change	[2]			(1,252)
Gross carrying amount	[2]	10,034		10,034
Accumulated amortization	[2]	(7,285)		(7,285)
Net	[2]	$ 2,749		$ 2,749
[1]Other primarily includes netdowns of fully amortized or impaired assets.[2]Other primarily includes intangible assets for non-compete agreements.

LONG-LIVED ASSETS (Definite-l_2

LONG-LIVED ASSETS (Definite-lived Intangibles Amortization) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Finite-Lived Intangible Assets [Line Items]
Amortization of definite-lived intangible assets	$ 48,100	$ 46,100	$ 150,369	$ 146,600

LONG-LIVED ASSETS (Goodwill) (D

LONG-LIVED ASSETS (Goodwill) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Changes in carrying amount of goodwill [Roll Forward]
Gross goodwill, beginning of period	$ 3,026,232
Accumulated impairment losses	(435,363)
Net goodwill, beginning of period	2,590,869
Acquisition—current year	34,256
Acquisitions—prior year	(8,384)
Dispositions	(1,792)
Foreign exchange	(66,497)
Gross goodwill, end of period	2,983,815
Accumulated impairment losses	(435,363)
Net goodwill, end of period	2,548,452
Concerts [Member]
Changes in carrying amount of goodwill [Roll Forward]
Gross goodwill, beginning of period	1,390,451
Accumulated impairment losses	(435,363)
Net goodwill, beginning of period	955,088
Acquisition—current year	34,256
Acquisitions—prior year	(22,339)
Dispositions	(1,792)
Foreign exchange	(33,833)
Gross goodwill, end of period	1,366,743
Accumulated impairment losses	(435,363)
Net goodwill, end of period	931,380
Ticketing [Member]
Changes in carrying amount of goodwill [Roll Forward]
Gross goodwill, beginning of period	930,064
Accumulated impairment losses	0
Net goodwill, beginning of period	930,064
Acquisition—current year	0
Acquisitions—prior year	12,057
Dispositions	0
Foreign exchange	(13,435)
Gross goodwill, end of period	928,686
Accumulated impairment losses	0
Net goodwill, end of period	928,686
Sponsorship and Advertising [Member]
Changes in carrying amount of goodwill [Roll Forward]
Gross goodwill, beginning of period	705,717
Accumulated impairment losses	0
Net goodwill, beginning of period	705,717
Acquisition—current year	0
Acquisitions—prior year	1,898
Dispositions	0
Foreign exchange	(19,229)
Gross goodwill, end of period	688,386
Accumulated impairment losses	0
Net goodwill, end of period	$ 688,386

LONG-LIVED ASSETS (Investments

LONG-LIVED ASSETS (Investments in Nonconsolidated Affiliates) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Investments [Abstract]
Investments in nonconsolidated affiliates	$ 355,600		$ 355,600		$ 293,600
Cash and noncash proceeds from sale of investments in nonconsolidated affiliates				$ 101,100
Gain (Loss) on Investments	$ 0	$ (30,633)	(448)	(83,580)
Noncash or Part Noncash Acquisition, Investments Acquired			$ 5,600	$ 25,000

LEASES (Significant Components

LEASES (Significant Components Of Operating Lease Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Operating lease expense	$ 60,003	$ 56,662	$ 195,514	$ 168,538
Variable and short-term lease expense	64,548	44,552	117,441	57,548
Sublease income	(1,627)	(1,346)	(3,901)	(4,864)
Net lease expense	$ 122,924	$ 99,868	$ 309,054	$ 221,222

LEASES (Supplemental Cash Flow

LEASES (Supplemental Cash Flow Information For Operating Leases) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities	$ 177,847	$ 142,243
Lease assets obtained in exchange for lease obligations, net of terminations	$ 289,977	$ 79,703

LEASES (Future Maturities of Op

LEASES (Future Maturities of Operating Lease Liabilities) (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Leases [Abstract]
Remainder of 2022	$ 56,656
2023	244,468
2024	234,451
2025	222,720
2026	212,689
Thereafter	1,747,809
Total lease payments	2,718,793
Less: Interest	887,785
Present value of lease liabilities	$ 1,831,008

LEASES (Weighted Average Remain

LEASES (Weighted Average Remaining Lease Term and Discount Rate for Operating Leases) (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Weighted average remaining lease term (in years)	13 years 7 months 6 days	13 years 2 months 12 days
Weighted average discount rate	5.96%	6.10%
Total lease payments due under operating leases that have not yet commenced	$ 201.8
Minimum [Member]
Lessee, Lease, Description [Line Items]
Lease term for operating leases that have not yet commenced	2 years
Maximum [Member]
Lessee, Lease, Description [Line Items]
Lease term for operating leases that have not yet commenced	40 years

FAIR VALUE MEASUREMENTS (Assets

FAIR VALUE MEASUREMENTS (Assets and Liabilities Measured On A Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Cash equivalents	$ 725,975	$ 620,980
Interest Rate Derivative Assets, at Fair Value	44,254
Interest Rate Derivative Liabilities, at Fair Value		8,558
Level 1 [Member] | Recurring [Member]
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Cash equivalents	725,975	620,980
Interest Rate Derivative Assets, at Fair Value	0
Interest Rate Derivative Liabilities, at Fair Value		0
Level 2 [Member] | Recurring [Member]
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Cash equivalents	0	0
Interest Rate Derivative Assets, at Fair Value	$ 44,254
Interest Rate Derivative Liabilities, at Fair Value		$ 8,558

FAIR VALUE MEASUREMENTS (Fair V

FAIR VALUE MEASUREMENTS (Fair Value of Debt) (Details) - Level 2 [Member] - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
6.5% Senior Secured Notes Due 2027 [Member]
Debt Fair Value [Line Items]
Estimated fair values of senior notes	$ 1,155,336	$ 1,315,284
3.75% Senior Secured Notes Due 2028 [Member]
Debt Fair Value [Line Items]
Estimated fair values of senior notes	422,735	498,380
4.75% Senior Notes due 2027 [Member]
Debt Fair Value [Line Items]
Estimated fair values of senior notes	829,768	978,358
4.875% Senior Notes Due 2024 [Member]
Debt Fair Value [Line Items]
Estimated fair values of senior notes	554,553	582,952
5.625% Senior Notes Due 2026 [Member]
Debt Fair Value [Line Items]
Estimated fair values of senior notes	285,126	310,284
2.5% Convertible Senior Notes Due 2023
Debt Fair Value [Line Items]
Estimated fair values of convertible senior notes	651,360	996,369
2.0% Convertible Senior Notes Due 2025 [Member]
Debt Fair Value [Line Items]
Estimated fair values of convertible senior notes	$ 400,040	$ 531,040

COMMITMENTS AND CONTINGENT LI_2

COMMITMENTS AND CONTINGENT LIABILITIES (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($) numberOfClaims	Nov. 05, 2021
Commitments and Contingencies Disclosure [Abstract]
Contractual Obligation | $	$ 3,900,000
Loss Contingencies [Line Items]
Loss Contingency, Claims Settled, Number	1
Astroworld Festival
Commitments and Contingencies Disclosure [Abstract]
Loss Contingency, New Claims Filed, Number	450
Loss Contingencies [Line Items]
Astroworld Fatal Injuries		10
Loss Contingency, New Claims Filed, Number	450

EQUITY (Accumulated Other Compr

EQUITY (Accumulated Other Comprehensive Loss) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at December 31, 2021	$ (147,964)
Other comprehensive income before reclassifications	(8,553)
Amount reclassified from AOCI	2,634
Net other comprehensive income	(5,919)
Balance at September 30, 2022	(153,883)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at December 31, 2021	(8,558)
Other comprehensive income before reclassifications	50,178
Amount reclassified from AOCI	2,634
Net other comprehensive income	52,812
Balance at September 30, 2022	44,254
Foreign Currency Items [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at December 31, 2021	(139,406)
Other comprehensive income before reclassifications	(58,731)
Amount reclassified from AOCI	0
Net other comprehensive income	(58,731)
Balance at September 30, 2022	$ (198,137)

EQUITY (Weighted Average Common

EQUITY (Weighted Average Common Shares Outstanding) (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Stockholders' Equity [Abstract]
Weighted average common shares—basic	225,761,777	216,888,355	224,123,130	215,716,239
Stock options and restricted stock	6,060,991	6,912,045	7,409,515	0
Convertible senior notes	11,864,035	0	8,085,275	0
Weighted average common shares—diluted	243,686,803	223,800,400	239,617,920	215,716,239

EQUITY (Antidilutive Securities

EQUITY (Antidilutive Securities Excluded from Computation of Earnings per Share) (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding	1,344,069	11,959,060	5,043,211	22,798,214
Options to purchase shares of common stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding	3,750	3,750	3,750	7,727,064
Restricted and deferred stock awards—unvested [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding	1,340,319	91,275	1,260,701	3,207,115
Conversion shares related to the convertible senior notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding	0	11,864,035	3,778,760	11,864,035

EQUITY (Restricted Stock) (Deta

EQUITY (Restricted Stock) (Details) - Restricted Stock Performance Based Awards $ in Thousands	Jul. 01, 2022 USD ($) shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	1,100,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Unvested in Period, Fair Value | $	$ 75,300
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period	3 years

REVENUE RECOGNITION (Concerts R

REVENUE RECOGNITION (Concerts Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 6,153,535	$ 2,698,722	$ 12,390,517	$ 3,565,277
Operating Segments [Member] | Concerts [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 5,292,594	$ 2,151,596	$ 10,098,180	$ 2,677,970
Percentage of Concert revenue to consolidated revenue	86%	79.70%	81.50%	75.10%
Percentage of Concerts revenue from events and festivals			95%

REVENUE RECOGNITION (Ticketing

REVENUE RECOGNITION (Ticketing Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 6,153,535	$ 2,698,722	$ 12,390,517	$ 3,565,277
Operating Segments [Member] | Ticketing [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 531,570	$ 374,237	$ 1,587,274	$ 646,560
Percentage of Ticketing revenue to consolidated revenue	8.60%	13.90%	12.80%	18.10%

REVENUE RECOGNITION (Ticketin_2

REVENUE RECOGNITION (Ticketing Contract Advances) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Capitalized Contract Cost [Line Items]
Amortization of non-recoupable ticketing contract advances			$ 56,121	$ 49,214
Ticketing [Member]
Capitalized Contract Cost [Line Items]
Amortization of non-recoupable ticketing contract advances	$ 15,729	$ 20,486	56,121	$ 49,214
Prepaid Expenses [Member] | Ticketing [Member]
Capitalized Contract Cost [Line Items]
Ticketing contract advances	110,100		110,100		$ 90,500
Other Noncurrent Assets [Member] | Ticketing [Member]
Capitalized Contract Cost [Line Items]
Ticketing contract advances	$ 85,500		$ 85,500		$ 86,500

REVENUE RECOGNITION (Sponsorshi

REVENUE RECOGNITION (Sponsorship & Advertising Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 6,153,535	$ 2,698,722	$ 12,390,517	$ 3,565,277
Operating Segments [Member] | Sponsorship and Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 343,029	$ 174,449	$ 722,504	$ 241,657
Percentage of The Sponsorship & Advertising revenue to consolidated revenue	5.60%	6.50%	5.80%	6.80%

REVENUE RECOGNITION (Performanc

REVENUE RECOGNITION (Performance Obligation) (Details) - Sponsorship and Advertising [Member] $ in Millions	Sep. 30, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue related to future benefits to be provided by the Company	$ 1,300
Percentage of revenue on contracts to be recognized during the remainder of current year	10%
Percentage of revenue on contracts to be recognized next year	36%
Percentage of revenue on contracts to be recognized in two years	23%
Percentage of revenue to be recognized on contracts thereafter	31%

REVENUE RECOGNITION (Deferred R

REVENUE RECOGNITION (Deferred Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue, current	$ 2,269,216		$ 2,269,216		$ 2,774,792	$ 1,800,000
Recognition of deferred revenue	903,079	$ 346,153	2,384,392	$ 420,872
Concerts [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Recognition of deferred revenue	825,573	278,557	2,135,814	330,852
Ticketing [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Recognition of deferred revenue	40,803	24,159	120,543	31,950
Sponsorship and Advertising [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Recognition of deferred revenue	$ 36,703	$ 43,437	$ 128,035	$ 58,070

SEGMENT DATA Segment Data (Deta

SEGMENT DATA Segment Data (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Revenue	$ 6,153,535	$ 2,698,722	$ 12,390,517	$ 3,565,277
AOI	620,718	305,680	1,309,356	163,588
Acquisition expenses	7,495	20,644	29,115	14,801
Amortization of non-recoupable ticketing contract advances			56,121	49,214
Depreciation and amortization	102,093	101,235	318,489	313,758
Loss (gain) on disposal of operating assets	(35,285)	(1,148)	(32,555)	(1,038)
Stock-based compensation expense	24,437	27,318	86,178	80,165
Operating income (loss)	506,249	137,145	852,008	(293,312)
Ticketing [Member]
Segment Reporting Information [Line Items]
Amortization of non-recoupable ticketing contract advances	15,729	20,486	56,121	49,214
Operating Segments [Member] | Concerts [Member]
Segment Reporting Information [Line Items]
Revenue	5,292,594	2,151,596	10,098,180	2,677,970
AOI	280,809	59,578	354,587	(99,010)
Operating Segments [Member] | Ticketing [Member]
Segment Reporting Information [Line Items]
Revenue	531,570	374,237	1,587,274	646,560
AOI	163,176	171,754	600,155	208,418
Operating Segments [Member] | Sponsorship and Advertising [Member]
Segment Reporting Information [Line Items]
Revenue	343,029	174,449	722,504	241,657
AOI	226,234	111,211	474,238	127,755
Operating Segments [Member] | Corporate Segment
Segment Reporting Information [Line Items]
Revenue	0	0	0	0
AOI	(46,081)	(35,684)	(109,797)	(68,951)
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenue	(14,156)	(2,103)	(19,295)	(3,083)
Intersegment Eliminations [Member] | Concerts [Member]
Segment Reporting Information [Line Items]
Revenue	4,408	1,473	6,635	1,473
Intersegment Eliminations [Member] | Ticketing [Member]
Segment Reporting Information [Line Items]
Revenue	9,748	630	12,660	1,610
Intersegment Eliminations [Member] | Sponsorship and Advertising [Member]
Segment Reporting Information [Line Items]
Revenue	0	0	0	0
Intersegment Eliminations [Member] | Other [Member]
Segment Reporting Information [Line Items]
Revenue	(13,658)	(1,560)	(17,441)	(910)
AOI	(3,420)	(1,179)	(9,827)	(4,624)
Intersegment Eliminations [Member] | Corporate Segment
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 0	$ 0	$ 0