Live Nation Entertainment (LYV) 10-Q 12 Nov 24 2024 Q3 Quarterly report Financial data

DOCUMENT

DOCUMENT - shares	9 Months Ended
	Sep. 30, 2024	Nov. 05, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
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	2024
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		232,353,685

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 5,489,919	$ 6,231,866
Accounts receivable	2,693,998	2,024,649
Prepaid expenses	1,446,397	1,147,581
Restricted cash	10,884	7,090
Other current assets	133,956	122,163
Total current assets	9,775,154	9,533,349
Property, plant and equipment, net	2,375,868	2,101,463
Operating lease assets	1,642,298	1,606,389
Intangible assets
Definite-lived intangible assets, net	1,047,987	1,161,621
Indefinite-lived intangible assets, net	380,458	377,349
Goodwill	2,670,008	2,691,466
Long-term advances	577,229	623,154
Other long-term assets	1,278,068	934,849
Total assets	19,747,070	19,029,640
Current liabilities
Accounts payable, client accounts	2,081,034	1,866,864
Accounts payable	294,765	267,493
Accrued expenses	3,454,183	3,030,812
Deferred revenue	3,034,514	3,398,028
Current portion of long-term debt, net	582,088	1,134,386
Current portion of operating lease liabilities	167,035	158,421
Other current liabilities	66,959	128,430
Total current liabilities	9,680,578	9,984,434
Long-term debt, net	5,672,804	5,459,026
Long-term operating lease liabilities	1,766,897	1,686,091
Other long-term liabilities	673,141	488,159
Commitments and contingent liabilities (see Note 6)
Redeemable noncontrolling interests	1,023,907	859,930
Stockholders' equity
Common stock	2,310	2,298
Additional paid-in capital	2,214,938	2,367,918
Accumulated deficit	(1,747,806)	(2,443,106)
Cost of shares held in treasury	(6,865)	(6,865)
Accumulated other comprehensive income (loss)	(174,611)	27,450
Total Live Nation stockholders' equity	287,966	(52,305)
Noncontrolling interests	641,777	604,305
Total equity	929,743	552,000
Total liabilities and equity	$ 19,747,070	$ 19,029,640

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets
Allowance for doubtful accounts	$ 87,122	$ 82,350

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023		Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Revenue	$ 7,651,087	$ 8,154,563	[1]	$ 17,474,032	$ 16,907,636	[1]
Operating expenses:
Direct operating expenses	5,780,188	6,297,883		12,839,737	12,589,606
Selling, general and administrative expenses	1,005,418	974,150		2,913,199	2,533,066
Depreciation and amortization	137,001	130,653		407,324	382,352
Gain (Loss) on Disposition of Other Assets	3,968	1,583		5,398	8,092
Corporate expenses	92,923	99,802		255,216	244,295
Operating income	639,525	653,658	[2]	1,063,954	1,166,409	[2]
Interest expense	87,961	86,215		248,622	257,425
Loss on extinguishment of debt	0	0		0	18,366
Interest income	(36,067)	(78,107)		(123,749)	(174,872)
Equity in losses (earnings) of nonconsolidated affiliates	13,987	(5,382)		8,527	(15,047)
Other expense (income), net	(12,268)	19,251		(110,064)	24,235
Income before income taxes	585,912	631,681		1,040,618	1,056,302
Income tax expense	70,229	50,269		191,412	127,070
Net income	515,683	581,412		849,206	929,232
Net income attributable to noncontrolling interests	63,878	59,932		153,906	139,405
Net income attributable to common stockholders of Live Nation	$ 451,805	$ 521,480		$ 695,300	$ 789,827
Basic net income per common share available to common stockholders of Live Nation	$ 1.72	$ 2.01		$ 2.21	$ 2.70
Diluted net income per common share available to common stockholders of Live Nation	$ 1.66	$ 1.93		$ 2.18	$ 2.66
Weighted average common shares outstanding:
Basic	230,374,307	228,787,263		229,923,989	228,497,712
Diluted	245,319,968	244,163,678		235,928,752	235,146,395
Reconciliation to net income (loss) available to common stockholders of Live Nation:
Net income attributable to common stockholders of Live Nation	$ 451,805	$ 521,480		$ 695,300	$ 789,827
Accretion of redeemable noncontrolling interests	(54,536)	(60,882)		(186,970)	(172,436)
Net income available to common stockholders of Live Nation—basic	397,269	460,598		508,330	617,391
Convertible debt interest, net of tax	10,790	10,877		6,971	7,835
Net income available to common stockholders of Live Nation—diluted	$ 408,059	$ 471,475		$ 515,301	$ 625,226
[1] Prior period revenue was restated as further discussed in Note 9 – Correction of Errors in Previously Reported Consolidated Financial Statements. For the three and nine months ended September 30, 2023, the restatement decreased our Concerts segment revenue by $2.5 million and $2.5 million, respectively. For the three months ended September 30, 2023, the restatement increased our Ticketing segment revenue by $5.0 million.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 515,683	$ 581,412	$ 849,206	$ 929,232
Other comprehensive income, net of tax:
Unrealized gain (loss) on cash flow hedge	(8,062)	6,293	3,320	14,002
Realized gain on cash flow hedge	(4,878)	(4,632)	(14,370)	(12,436)
Foreign currency translation adjustments	(38,915)	(48,672)	(191,011)	100,752
Comprehensive income	463,828	534,401	647,145	1,031,550
Comprehensive income attributable to noncontrolling interests	63,878	59,932	153,906	139,405
Comprehensive income attributable to common stockholders of Live Nation	$ 399,950	$ 474,469	$ 493,239	$ 892,145

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Treasury Stock, Common	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest [Member]	Redeemable Noncontrolling Interests [Member]
Balances (in shares) at Dec. 31, 2022		228,498,102
Balances at Dec. 31, 2022	$ 65,027	$ 2,285	$ 2,698,316	$ (2,999,999)	$ (6,865)	$ (90,076)	$ 461,366
Equity [Roll Forward]
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period		58
Non-cash and stock-based compensation	81,871		81,871
Common stock issued under stock plans, net of shares withheld for employee taxes (in shares)		229,406
Common stock issued under stock plans, net of shares withheld for employee taxes	(9,001)	$ 2	(9,003)
Exercise of stock options, net of shares withheld for option cost and employee taxes (in shares)		373,066
Exercise of stock options	8,343	$ 4	8,339
Conversion of convertible debt (in shares)		156,750
Acquisitions	2
Capped call transactions for 3.125% convertible senior notes due 2029	(75,500)		75,500
Repurchase of 2.5% convertible senior notes due 2023	(27,325)		(27,327)
Acquisitions	116,630						116,630
Purchases of noncontrolling interests	(120,811)		(93,721)				(27,090)
Redeemable noncontrolling interests fair value adjustments	(171,673)		(171,673)
Contributions received	15,403						15,403
Cash distributions	(88,182)						(88,182)
Other	56,484						56,484
Comprehensive income (loss):
Net income (loss)	898,434			789,827			108,607
Unrealized gain (loss) on cash flow hedge	14,002					14,002
Realized gain on cash flow hedge	(12,436)					(12,436)
Foreign currency translation adjustments	100,752					100,752		$ 0
Balances at Sep. 30, 2023	852,018	$ 2,293	2,411,302	(2,210,172)	(6,865)	12,242	643,218
Balances (in shares) at Sep. 30, 2023		229,257,382
Balances at Dec. 31, 2022								660,119
Redeemable Noncontrolling Interests [Roll Forward]
Acquisitions								46,707
Purchases of noncontrolling interests								(4,839)
Redeemable noncontrolling interests fair value adjustments								171,673
Contribution received								85
Cash distributions								(65,607)
Other								(15,612)
Comprehensive income (loss):
Net income (loss)								30,798
Balances at Sep. 30, 2023								823,324
Balances (in shares) at Jun. 30, 2023		229,084,194
Balances at Jun. 30, 2023	320,493	$ 2,291	2,438,660	(2,731,652)	(6,865)	59,253	558,806
Equity [Roll Forward]
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period		58
Non-cash and stock-based compensation	26,537		26,537
Common stock issued under stock plans, net of shares withheld for employee taxes (in shares)		11,905
Common stock issued under stock plans, net of shares withheld for employee taxes	(537)		(537)
Exercise of stock options, net of shares withheld for option cost and employee taxes (in shares)		161,225
Acquisitions	3,344	$ 2	3,342
Acquisitions	49,387						49,387
Divestitures							0
Purchases of noncontrolling interests	3,927		3,927
Redeemable noncontrolling interests fair value adjustments	(60,627)		(60,627)
Contributions received	772						772
Cash distributions	(13,489)						(13,489)
Other	2,164						2,164
Comprehensive income (loss):
Net income (loss)	567,058			521,480			45,578
Unrealized gain (loss) on cash flow hedge	6,293					6,293
Realized gain on cash flow hedge	(4,632)					(4,632)
Foreign currency translation adjustments	(48,672)					(48,672)
Balances at Sep. 30, 2023	852,018	$ 2,293	2,411,302	(2,210,172)	(6,865)	12,242	643,218
Balances (in shares) at Sep. 30, 2023		229,257,382
Balances at Jun. 30, 2023								738,329
Redeemable Noncontrolling Interests [Roll Forward]
Acquisitions								20,411
Purchases of noncontrolling interests								(5,498)
Redeemable noncontrolling interests fair value adjustments								60,627
Contribution received								0
Cash distributions								(2,691)
Other								(2,208)
Comprehensive income (loss):
Net income (loss)								14,354
Balances at Sep. 30, 2023								823,324
Balances (in shares) at Dec. 31, 2023		229,785,241
Balances at Dec. 31, 2023	552,000	$ 2,298	2,367,918	(2,443,106)	(6,865)	27,450	604,305
Equity [Roll Forward]
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period		0
Non-cash and stock-based compensation	86,969		86,969
Common stock issued under stock plans, net of shares withheld for employee taxes (in shares)		530,107
Common stock issued under stock plans, net of shares withheld for employee taxes	(40,873)	$ 5	(40,878)
Exercise of stock options, net of shares withheld for option cost and employee taxes (in shares)		678,006
Exercise of stock options	19,342	$ 7	19,335
Capped call transactions for 3.125% convertible senior notes due 2029	0
Acquisitions	54,594						54,594
Purchases of noncontrolling interests	(44,956)		(29,692)				(15,264)
Redeemable noncontrolling interests fair value adjustments	(188,714)		(188,714)
Contributions received	3,000						3,000
Cash distributions	(126,054)						(126,054)
Other	5,182		0				5,182
Comprehensive income (loss):
Net income (loss)	811,314			695,300			116,014
Unrealized gain (loss) on cash flow hedge	3,320					3,320
Realized gain on cash flow hedge	(14,370)					(14,370)
Foreign currency translation adjustments	(191,011)					(191,011)	0	0
Balances at Sep. 30, 2024	929,743	$ 2,310	2,214,938	(1,747,806)	(6,865)	(174,611)	641,777
Balances (in shares) at Sep. 30, 2024		230,993,354
Balances at Dec. 31, 2023	859,930							859,930
Redeemable Noncontrolling Interests [Roll Forward]
Acquisitions								45,378
Purchases of noncontrolling interests								(32,296)
Redeemable noncontrolling interests fair value adjustments								189,366
Contribution received								0
Cash distributions								(73,780)
Other								(2,583)
Comprehensive income (loss):
Net income (loss)								37,892
Balances at Sep. 30, 2024	1,023,907							1,023,907
Balances (in shares) at Jun. 30, 2024		230,711,943
Balances at Jun. 30, 2024	508,074	$ 2,307	2,240,759	(2,199,611)	(6,865)	(122,756)	594,240
Equity [Roll Forward]
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period		0
Non-cash and stock-based compensation	23,829		23,829
Common stock issued under stock plans, net of shares withheld for employee taxes (in shares)		30,770
Common stock issued under stock plans, net of shares withheld for employee taxes	(2,322)	$ 0	(2,322)
Exercise of stock options, net of shares withheld for option cost and employee taxes (in shares)		250,641
Exercise of stock options	6,523	$ 3	6,520
Acquisitions	17,216						17,216
Purchases of noncontrolling interests	(363)		(363)				0
Redeemable noncontrolling interests fair value adjustments	(53,485)		(53,485)
Contributions received	3,000						3,000
Cash distributions	(21,827)						(21,827)
Other	4,420		0				4,420
Comprehensive income (loss):
Net income (loss)	496,533			451,805			44,728
Unrealized gain (loss) on cash flow hedge	(8,062)					(8,062)
Realized gain on cash flow hedge	(4,878)					(4,878)
Foreign currency translation adjustments	(38,915)					(38,915)		0
Balances at Sep. 30, 2024	929,743	$ 2,310	$ 2,214,938	$ (1,747,806)	$ (6,865)	$ (174,611)	$ 641,777
Balances (in shares) at Sep. 30, 2024		230,993,354
Balances at Jun. 30, 2024								970,574
Redeemable Noncontrolling Interests [Roll Forward]
Acquisitions								9,606
Purchases of noncontrolling interests								(21,283)
Redeemable noncontrolling interests fair value adjustments								53,549
Contribution received								(28)
Cash distributions								(6,099)
Other								(1,562)
Comprehensive income (loss):
Net income (loss)								19,150
Balances at Sep. 30, 2024	$ 1,023,907							$ 1,023,907

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 849,206	$ 929,232
Reconciling items:
Depreciation	221,841	193,654
Amortization of definite-lived intangibles and indefinite-lived intangibles impairment loss	185,483	188,698
Amortization of non-recoupable ticketing contract advances	62,237	58,518
Deferred income tax benefit	(14,059)	(10,419)
Amortization of debt issuance costs and discounts	13,168	13,707
Loss on extinguishment of debt	0	18,366
Stock-based compensation expense	85,450	85,905
Unrealized changes in fair value of contingent consideration	(22,453)	42,092
Equity in losses of nonconsolidated affiliates, net of distributions	20,586	7,013
Provision for uncollectible accounts receivable	(1,101)	35,707
Gain on mark-to-market of investments in nonconsolidated affiliates	(100,048)	(46,720)
Other, net	(11,618)	(12,249)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
Increase in accounts receivable	(565,093)	(1,030,453)
Increase in prepaid expenses and other assets	(341,941)	(479,434)
Increase in accounts payable, accrued expenses and other liabilities	586,960	903,597
Decrease in deferred revenue	(288,566)	(142,593)
Net cash provided by operating activities	680,052	754,621
CASH FLOWS FROM INVESTING ACTIVITIES
Advances of notes receivable	(92,895)	(129,532)
Collections of notes receivable	22,789	9,550
Investments made in nonconsolidated affiliates	(34,479)	(45,439)
Purchases of property, plant and equipment	(491,750)	(304,882)
Cash acquired from (paid for) acquisitions, net of cash paid (acquired)	(49,456)	29,151
Purchases of intangible assets	(8,390)	(36,653)
Other, net	11,383	13,841
Net cash used in investing activities	(642,798)	(463,964)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from long-term debt, net of debt issuance costs	2,038	988,310
Payments on long-term debt	(384,567)	(625,659)
Contributions from noncontrolling interests	3,000	15,488
Distributions to noncontrolling interests	(199,834)	(153,789)
Purchases of noncontrolling interests, net	(69,935)	(89,819)
Capped call transactions for 3.125% convertible senior notes due 2029	0	(75,500)
Proceeds from exercise of stock options	19,342	8,343
Taxes paid for net share settlement of equity awards	(40,873)	(9,001)
Payments for deferred and contingent consideration	(21,581)	(13,690)
Other, net	(50)	249
Net cash provided by (used in) financing activities	(692,460)	44,932
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(82,947)	(421)
Net increase (decrease) in cash, cash equivalents and restricted cash	(738,153)	335,168
Cash, cash equivalents and restricted cash at beginning of period	6,238,956	5,620,194
Cash, cash equivalents and restricted cash at end of period	$ 5,500,803	$ 5,955,362

BASIS OF PRESENTATION AND OTHER

BASIS OF PRESENTATION AND OTHER INFORMATION	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
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 2023 Annual Report on Form 10-K filed with the SEC on February 22, 2024. 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 partial 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 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. Variable Interest Entities In the normal course of business, we enter into joint ventures or make investments in companies that will allow us to expand our core business and enter new markets. In certain instances, such ventures or investments may be considered a VIE because the equity at risk is insufficient to permit it to carry on its activities without additional financial support from its equity owners. In determining whether we are the primary beneficiary of a VIE, we assess whether we have the power to direct activities that most significantly impact the economic performance of the entity and have the obligation to absorb losses or the right to receive benefits from the entity that could potentially be significant to the VIE. The activities we believe most significantly impact the economic performance of our VIEs include the unilateral ability to approve the annual budget, to terminate key management and to approve entering into agreements with artists, among others. We have certain rights and obligations related to our involvement in the VIEs, including the requirement to provide operational cash flow funding. As of September 30, 2024 and December 31, 2023, excluding intercompany balances and allocated goodwill and intangible assets, there were approximately $855 million and $940 million of assets and $580 million and $592 million of liabilities, respectively, related to VIEs included in our balance sheets. None of our VIEs are significant on an individual basis. Cash and Cash Equivalents Included in the September 30, 2024 and December 31, 2023 cash and cash equivalents balance is $1.6 billion and $1.5 billion, respectively, 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, 2024, we continued to maintain a full valuation allowance against our net deferred tax assets in certain jurisdictions, including the United States, due to cumulative pre-tax losses. As a result of the valuation allowances, no tax benefits have been recognized for any losses incurred in those tax jurisdictions for the first nine months of 2024. Accounting Pronouncements In June 2022, the FASB issued Accounting Standards Update 2022-03, which clarifies guidance for fair value measurement of an equity security subject to a contractual sale restriction and establishes new disclosure requirements for such equity securities. We adopted this guidance on January 1, 2024. The adoption did not and is not expected to have a material impact on our consolidated financial statements. In November 2023, the FASB issued Accounting Standards Update 2023-07, which expands segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items, and interim disclosures of a reportable segment’s profit or loss. This guidance is effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance.

LONG-LIVED ASSETS

LONG-LIVED ASSETS	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Property, Plant, and Equipment and Intangible Assets	Property, Plant and Equipment, Net Property, plant and equipment includes expenditures for the construction of new venues, major renovations to existing buildings or buildings that are being added to our venue network, the development of new ticketing tools and technology enhancements along with the renewal and improvement of existing venues and technology systems, web development and administrative offices. Property, plant and equipment, net, consisted of the following: September 30, 2024 December 31, 2023 (in thousands) Land, buildings and improvements $ 2,243,158 $ 2,043,595 Computer equipment and capitalized software 926,193 888,065 Furniture and other equipment 744,635 646,966 Construction in progress 399,353 317,028 Property, plant and equipment, gross 4,313,339 3,895,654 Less: accumulated depreciation 1,937,471 1,794,191 Property, plant and equipment, net $ 2,375,868 $ 2,101,463 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, 2024: Revenue- Client / Venue management Trademarks Technology and Other (1) Total (in thousands) Balance as of December 31, 2023: Gross carrying amount $ 925,257 $ 583,436 $ 226,788 $ 183,493 $ 20,220 $ 1,939,194 Accumulated amortization (336,625) (251,649) (79,218) (104,036) (6,045) (777,573) Net 588,632 331,787 147,570 79,457 14,175 1,161,621 Gross carrying amount: Acquisitions and additions—current year 68,453 48,937 1,256 3,000 7,939 129,585 Acquisitions and additions—prior year 826 4,066 453 (2) — 5,343 Foreign exchange (58,063) (16,985) (2,191) (8,810) (94) (86,143) Other (2) (15,575) (20,132) (23,930) (3,213) (823) (63,673) Net change (4,359) 15,886 (24,412) (9,025) 7,022 (14,888) Accumulated amortization: Amortization (82,677) (64,266) (17,887) (13,585) (6,535) (184,950) Foreign exchange 15,438 4,612 107 2,521 (12) 22,666 Other (2) 15,575 20,132 24,032 2,863 936 63,538 Net change (51,664) (39,522) 6,252 (8,201) (5,611) (98,746) Balance as of September 30, 2024: Gross carrying amount 920,898 599,322 202,376 174,468 27,242 1,924,306 Accumulated amortization (388,289) (291,171) (72,966) (112,237) (11,656) (876,319) Net $ 532,609 $ 308,151 $ 129,410 $ 62,231 $ 15,586 $ 1,047,987 (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 festival promotion business, an artist management business and a concert promotion company, all located in the United States. The 2024 acquisitions and additions to definite-lived intangible assets had weighted-average lives as follows: Weighted- Revenue-generating contracts 9 Client/vendor relationships 5 Trademarks and naming rights 10 Venue management 3 Technology 3 All categories 7 Amortization of definite-lived intangible assets for the three months ended September 30, 2024 and 2023 was $61.3 million and $63.4 million, respectively, and for the nine months ended September 30, 2024 and 2023 was $185.0 million and $176.1 million, respectively. As acquisitions and dispositions occur in the future and the valuations of intangible assets for recent acquisitions are completed, amortization expense may 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, 2024: Concerts Ticketing Sponsorship Total (in thousands) Balance as of December 31, 2023: Goodwill $ 1,439,579 $ 1,012,530 $ 674,720 $ 3,126,829 Accumulated impairment losses (435,363) — — (435,363) Net 1,004,216 1,012,530 674,720 2,691,466 Acquisitions—current year 25,797 507 1,015 27,319 Acquisitions—prior year 4,136 — — 4,136 Foreign exchange 911 (31,056) (22,768) (52,913) Balance as of September 30, 2024: Goodwill 1,470,423 981,981 652,967 3,105,371 Accumulated impairment losses (435,363) — — (435,363) Net $ 1,035,060 $ 981,981 $ 652,967 $ 2,670,008 Included in the current year acquisitions amounts above are goodwill primarily associated with the acquisitions of a festival promotion business, an artist management business and a concert promotion company, all located in the United States. 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, 2024 and December 31, 2023, we had investments in nonconsolidated affiliates of $514.9 million and $447.5 million, respectively, included in other long-term assets on our consolidated balance sheets.

LEASES

LEASES	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
LEASES	The significant components of operating lease expense are as follows: Three Months Ended Nine Months Ended 2024 2023 2024 2023 (in thousands) Operating lease expense $ 64,543 $ 63,954 $ 197,051 $ 206,282 Variable and short-term lease expense 74,936 85,148 148,848 157,453 Sublease income (1,447) (1,865) (4,560) (6,477) Net lease expense $ 138,032 $ 147,237 $ 341,339 $ 357,258 Many of our leases contain contingent rent obligations based on revenue, tickets sold or other variables. Contingent rent obligations, including those related to subsequent changes in the prevailing index or market rate after lease inception, 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 2024 2023 (in thousands) Cash paid for amounts included in the measurement of lease liabilities $ 212,983 $ 195,945 Lease assets obtained in exchange for lease obligations, net of terminations $ 200,039 $ 148,960 As of September 30, 2024, we have additional operating leases that have not yet commenced, with total lease payments of $207.0 million. These operating leases, which are not included on our consolidated balance sheets, have commencement dates ranging from October 2024 to June 2030 with lease terms ranging from 3 to 28 years.

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
LONG-TERM DEBT	Long-term debt, which includes finance leases, consisted of the following: September 30, 2024 December 31, 2023 (in thousands) Senior Secured Credit Facility: Term loan B $ 830,348 $ 836,903 Revolving credit facility — 370,000 6.5% Senior Secured Notes due 2027 1,200,000 1,200,000 3.75% Senior Secured Notes due 2028 500,000 500,000 4.875% Senior Notes due 2024 575,000 575,000 5.625% Senior Notes due 2026 300,000 300,000 4.75% Senior Notes due 2027 950,000 950,000 2.0% Convertible Senior Notes due 2025 400,000 400,000 3.125% Convertible Senior Notes due 2029 1,000,000 1,000,000 Other debt 538,824 511,210 Total principal amount 6,294,172 6,643,113 Less: unamortized discounts and debt issuance costs (39,280) (49,701) Total debt, net of unamortized discounts and debt issuance costs 6,254,892 6,593,412 Less: current portion 582,088 1,134,386 Total long-term debt, net $ 5,672,804 $ 5,459,026 Future maturities of debt at September 30, 2024 are as follows: (in thousands) Remainder of 2024 $ 550,365 2025 56,977 2026 1,398,179 2027 2,153,854 2028 2,091,490 Thereafter 43,307 Total $ 6,294,172 All debt without a stated maturity date is considered current and is reflected as maturing in the earliest period shown in the table above. See Note 5 – Fair Value Measurements for discussion of the fair value measurement of our debt. Other Debt As of September 30, 2024, other debt includes $275.0 million for a note due in 2026 related to an acquisition of a venue in the United States during the first quarter of 2023 and $129.2 million for a Euro-denominated note due in 2024 related to a venue located in Europe. Subsequent Event On October 31, 2024, we drew down $585 million from our senior secured revolving credit facility, and on November 1, 2024, we used these funds to repay the $575 million principal amount plus accrued interest on our 4.875% senior notes. As a result of this drawdown, the 4.875% senior notes were classified as long-term debt as of September 30, 2024 due to utilizing our revolving credit facility for the payment which has a maturity date in 2029, as amended below. On November 5, 2024, we amended our senior secured credit facility and entered into Amendment No. 12 (the “Amendment”) to our Credit Agreement, dated as of May 6, 2010 (as amended, restated, supplemented or modified prior to Amendment No. 12, the “Credit Agreement” and as amended by Amendment No. 12, the “Amended Credit Agreement”). The Amendment added a venue expansion revolving credit facility of $400 million, which resulted in a total available borrowing capacity of $1.7 billion. The Amended Credit Agreement contains a financial covenant that requires the Company to maintain a maximum ratio of consolidated net debt to consolidated EBITDA (both as defined in the Amended Credit Agreement) that ranges from 6.75x to 5.25x, with the first step down of 0.50x occurring on March 31, 2026 and additional step downs of 0.50x occurring annually thereafter. The new revolving credit facility matures on November 5, 2029, provided, that if (x) any of the term B loans, the Company’s 2027 senior secured notes, or the Company’s 2027 senior unsecured notes remain outstanding on the date that is ninety-one days prior to the stated maturity thereof in an aggregate principal amount in excess of $500.0 million and (y) the Company’s consolidated free cash on such date is less than the sum of such outstanding principal amount plus $500.0 million, then the maturity date of the new revolving credit facility will instead be such date.
SUBSEQUENT EVENT	Subsequent Event On October 31, 2024, we drew down $585 million from our senior secured revolving credit facility, and on November 1, 2024, we used these funds to repay the $575 million principal amount plus accrued interest on our 4.875% senior notes. As a result of this drawdown, the 4.875% senior notes were classified as long-term debt as of September 30, 2024 due to utilizing our revolving credit facility for the payment which has a maturity date in 2029, as amended below. On November 5, 2024, we amended our senior secured credit facility and entered into Amendment No. 12 (the “Amendment”) to our Credit Agreement, dated as of May 6, 2010 (as amended, restated, supplemented or modified prior to Amendment No. 12, the “Credit Agreement” and as amended by Amendment No. 12, the “Amended Credit Agreement”). The Amendment added a venue expansion revolving credit facility of $400 million, which resulted in a total available borrowing capacity of $1.7 billion. The Amended Credit Agreement contains a financial covenant that requires the Company to maintain a maximum ratio of consolidated net debt to consolidated EBITDA (both as defined in the Amended Credit Agreement) that ranges from 6.75x to 5.25x, with the first step down of 0.50x occurring on March 31, 2026 and additional step downs of 0.50x occurring annually thereafter. The new revolving credit facility matures on November 5, 2029, provided, that if (x) any of the term B loans, the Company’s 2027 senior secured notes, or the Company’s 2027 senior unsecured notes remain outstanding on the date that is ninety-one days prior to the stated maturity thereof in an aggregate principal amount in excess of $500.0 million and (y) the Company’s consolidated free cash on such date is less than the sum of such outstanding principal amount plus $500.0 million, then the maturity date of the new revolving credit facility will instead be such date.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2024
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, 2024 December 31, 2023 Level 1 Level 2 Total Level 1 Level 2 Total (in thousands) Assets: Cash equivalents $ 597,215 $ — $ 597,215 $ 580,126 $ — $ 580,126 Interest rate swaps $ — $ 23,109 $ 23,109 $ — $ 39,232 $ 39,232 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 swaps are 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, 2024 December 31, 2023 Level 2 (in thousands) 6.5% Senior Secured Notes due 2027 $ 1,224,780 $ 1,222,608 3.75% Senior Secured Notes due 2028 $ 481,570 $ 469,515 4.875% Senior Notes due 2024 $ 574,402 $ 570,412 5.625% Senior Notes due 2026 $ 299,790 $ 297,606 4.75% Senior Notes due 2027 $ 937,432 $ 913,653 2.0% Convertible Senior Notes due 2025 $ 435,424 $ 423,668 3.125% Convertible Senior Notes due 2029 $ 1,230,620 $ 1,136,160 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. Non-recurring For the nine months ended September 30, 2024, we recorded a gain related to an investment in a nonconsolidated affiliate of $31.8 million, as well as, a gain related to a warrant in a nonconsolidated affiliate of $38.5 million, as a component of other income, net. To calculate the gain on the investment, we remeasured the investment to fair value of $142.2 million using an observable price from orderly transactions for a similar investment of the same issuer. We remeasured the warrant to fair value of $62.2 million using an option pricing model. For the nine months ended September 30, 2024, we also recorded a gain related to an investment in a nonconsolidated affiliate of $24.4 million, as a component of other income, net. The gain was related to the acquisition of a controlling interest in a concert business, which was previously accounted for as an equity-method investment. To calculate the gain, we remeasured the investment to fair value of $35.9 million using the income approach method. The key inputs in these fair value measurements include a future cash flow projection, including revenue, profit margins, and adjustment related to discount for lack of marketability. The key inputs used for these non-recurring fair value measurements are considered Level 3 inputs. For the nine months ended September 30, 2023, there were no significant non-recurring fair value measurements.

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	COMMITMENTS AND CONTINGENT LIABILITIES Litigation 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, at least 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 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. During the nine months ended September 30, 2024, all remaining wrongful death lawsuits were settled, and we began settlement discussions in earnest with certain remaining parties with injury claims. As a result, we have recognized $280 million for the nine months ended September 30, 2024 within selling, general and administrative expenses for the estimated probable losses in excess of our expected insurance recoveries. The amounts recorded as of September 30, 2024 represent our best estimate of the ultimate loss associated with all remaining lawsuits and claims. Our assessment of loss, which resulted from a complex series of judgments about future events and uncertainties, is based on estimates and assumptions that have been deemed reasonable by management, but that may prove to be incomplete or inaccurate, and unanticipated events and circumstances may occur that might cause us to change those estimates and assumptions or recognize additional losses. Department of Justice Complaint In May 2024, the United States Department of Justice, Antitrust Division, together with the attorneys general of twenty-nine states plus the District of Columbia, filed a civil antitrust complaint (the “Complaint”) against Live Nation Entertainment, Inc. and Ticketmaster in the United States District Court for the Southern District of New York alleging violations of various federal and state laws pertaining to antitrust, competition, unlawful or unfair business practices, restraint of trade, and other causes of action. The Complaint requests various forms of relief for the alleged violations, including without limitation the divestiture of Ticketmaster by the Company, cancellation of certain ticketing contracts, enjoining the Company from engaging in anticompetitive practices, and other forms of relief. Certain states also seek unspecified damages for their citizens. The Company believes it has substantial defenses to the lawsuit and will vigorously defend itself. The United States filed an Amended Complaint in August 2024, adding ten additional states as plaintiffs but not otherwise materially amending the claims asserted in the lawsuit. The Company filed a motion to dismiss certain claims in the Amended Complaint in September 2024. Antitrust Litigation The Company is a defendant in three putative antitrust consumer class actions alleging violations of federal and state antitrust laws, among other causes of action. In Heckman, et al. v. Live Nation Entertainment, et al. , filed in the Central District of California in January 2022, the District Court denied defendants’ motion to compel arbitration in August 2023. The Ninth Circuit subsequently affirmed the District Court’s ruling in October 2024. The Company believes it has substantial defenses to the claims alleged in the lawsuit and will continue to vigorously defend itself. Two other putative class actions were filed in the Southern District of New York in August and September 2024: In Re Live Nation Entertainment, Inc. and Ticketmaster L.L.C. Antitrust Litigation, and Jacobson v. Live Nation Entertainment, Inc., et al . While these lawsuits are at their initial stages, the Company believes it has substantial defenses to the claims alleged therein and will vigorously defend itself. Other Litigation From time to time, we are involved in other legal proceedings arising in the ordinary course of our business, including proceedings and claims based upon purported violations of antitrust laws, intellectual property rights and tortious interference, which could cause us to incur significant expenses. We have also been the subject of personal injury and wrongful death claims relating to accidents at our venues in connection with our operations. As required, we have accrued our estimate of the probable settlement or other losses for the resolution of any outstanding claims. These estimates have been developed in consultation with counsel and are based upon an analysis of potential results, including, in some cases, estimated redemption rates for the settlement offered, assuming a combination of litigation and settlement strategies. It is possible, however, that future results of operations for any particular period could be materially affected by changes in our assumptions or the effectiveness of our strategies related to these proceedings.

EQUITY

EQUITY	9 Months Ended
	Sep. 30, 2024
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, 2024: Cash Flow Hedge Foreign Currency Items Total (in thousands) Balance at December 31, 2023 $ 29,350 $ (1,900) $ 27,450 Other comprehensive income (loss) before reclassifications 3,320 (191,011) (187,691) Amount reclassified from AOCI (14,370) — (14,370) Net other comprehensive loss (11,050) (191,011) (202,061) Balance at September 30, 2024 $ 18,300 $ (192,911) $ (174,611) 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 2024 2023 2024 2023 Weighted average common shares—basic 230,374,307 228,787,263 229,923,989 228,497,712 Effect of dilutive securities: Stock options and restricted stock 1,941,001 2,371,755 2,226,003 2,252,391 Convertible senior notes 13,004,660 13,004,660 3,778,760 4,396,292 Weighted average common shares—diluted 245,319,968 244,163,678 235,928,752 235,146,395 The following table shows securities excluded from the calculation of diluted net income per common share because such securities are anti-dilutive: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Options to purchase shares of common stock — 3,750 3,750 3,750 Restricted stock and deferred stock—unvested 2,147,167 2,361,832 2,162,662 2,430,242 Conversion shares related to the convertible senior notes — — 9,225,900 8,921,749 Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding 2,147,167 2,365,582 11,392,312 11,355,741

SEGMENTS AND REVENUE RECOGNITIO

SEGMENTS AND REVENUE RECOGNITION	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
SEGMENTS AND REVENUE RECOGNITION	SEGMENTS AND REVENUE RECOGNITION Our reportable segments are Concerts, Ticketing and Sponsorship & Advertising. We use AOI to evaluate the performance of our operating segments and define AOI as operating income (loss) before certain acquisition expenses (including ongoing legal costs stemming from the Ticketmaster merger, changes in the fair value of accrued acquisition-related contingent consideration obligations, and acquisition-related severance and compensation), amortization of non-recoupable ticketing contract advances, depreciation and amortization (including goodwill impairment), loss (gain) on disposal of operating assets, and stock-based compensation expense. We also exclude from AOI the impact of estimated or realized liabilities for settlements or damages arising out of the Astroworld matter that exceed our estimated insurance recovery, due to the significant and non-recurring nature of the matter. Ongoing legal costs associated with defense of these claims, such as attorney fees, are not excluded from AOI. 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. Revenue and expenses earned and charged between segments are eliminated in consolidation. Our capital expenditures below include accruals for amounts incurred but not yet paid for, but are not reduced by reimbursements received from outside parties such as landlords and noncontrolling interest partners or replacements funded by insurance proceeds. 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, 2024 and 2023: Concerts Ticketing Sponsorship Other & Eliminations Corporate Consolidated (in thousands) Three Months Ended September 30, 2024 Revenue $ 6,580,595 $ 693,704 $ 390,345 $ (13,557) $ — $ 7,651,087 % of Consolidated Revenue 86.0% 9.1% 5.1% (0.2)% Intersegment revenue $ 7,268 $ 6,289 $ — $ (13,557) $ — $ — AOI $ 474,053 $ 235,704 $ 275,329 $ (7,073) $ (68,182) $ 909,831 Three Months Ended September 30, 2023 Revenue (1) $ 6,971,830 $ 837,624 $ 366,822 $ (21,713) $ — $ 8,154,563 % of Consolidated Revenue 85.5% 10.3% 4.5% (0.3)% Intersegment revenue $ 5,698 $ 9,501 $ — $ (15,199) $ — $ — AOI (2) $ 340,904 $ 351,574 $ 250,265 $ (6,818) $ (64,736) $ 871,189 Nine Months Ended September 30, 2024 Revenue $ 14,447,009 $ 2,147,559 $ 913,856 $ (34,392) $ — $ 17,474,032 % of Consolidated Revenue 82.7% 12.3% 5.2% (0.2)% Intersegment revenue $ 19,671 $ 14,546 $ 175 $ (34,392) $ — $ — AOI $ 742,936 $ 812,352 $ 627,926 $ (22,453) $ (172,192) $ 1,988,569 Nine Months Ended September 30, 2023 Revenue (1) $ 13,886,333 $ 2,219,667 $ 839,799 $ (38,163) $ — $ 16,907,636 % of Consolidated Revenue 82.1% 13.1% 5.0% (0.2)% Intersegment revenue $ 9,896 $ 12,681 $ — $ (22,577) $ — $ — AOI (2) $ 504,694 $ 904,014 $ 548,935 $ (32,899) $ (160,544) $ 1,764,200 (1) Prior period revenue was restated as further discussed in Note 9 – Correction of Errors in Previously Reported Consolidated Financial Statements. For the three and nine months ended September 30, 2023, the restatement decreased our Concerts segment revenue by $2.5 million and $2.5 million, respectively. For the three months ended September 30, 2023, the restatement increased our Ticketing segment revenue by $5.0 million. (2) Prior period AOI was restated as further discussed in Note 9 – Correction of Errors in Previously Reported Consolidated Financial Statements. For the nine months ended September 30, 2023, the restatement decreased our Concerts segment AOI by $5.1 million. For the three and nine months ended September 30, 2023, the restatement increased our Ticketing segment AOI by $35.1 million and $23.8 million, respectively. The following table sets forth the reconciliation of consolidated AOI to operating income for the three and nine months ended September 30, 2024 and 2023: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in thousands) AOI (1) $ 909,831 $ 871,189 $ 1,988,569 $ 1,764,200 Acquisition expenses 94,565 40,968 95,087 79,108 Amortization of non-recoupable ticketing contract advances 16,996 16,921 62,237 58,518 Depreciation and amortization 137,001 130,653 407,324 382,352 Gain on sale of operating assets (3,968) (1,583) (5,398) (8,092) Astroworld estimated loss contingencies — — 279,915 — Stock-based compensation expense 25,712 30,572 85,450 85,905 Operating income (1) $ 639,525 $ 653,658 $ 1,063,954 $ 1,166,409 (1) For the three and nine months ended September 30, 2023, the restatement increased our AOI and operating income by $35.1 million and $18.7 million, respectively. See further discussion in Note 9 – Correction of Errors in Previously Reported Consolidated Financial Statements. Contract Advances At September 30, 2024 and December 31, 2023, we had ticketing contract advances of $185.6 million and $143.9 million, respectively, recorded in prepaid expenses and $125.1 million and $135.6 million, respectively, recorded in long-term advances on the consolidated balance sheets. Sponsorship Agreements At September 30, 2024, we had contracted sponsorship agreements with terms greater than one year that had approximately $1.5 billion of revenue related to future benefits to be provided by us. We expect to recognize, based on current projections, approximately 11%, 36%, 27% and 26% of this revenue in the remainder of 2024, 2025, 2026 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. The table below summarizes the amount of the preceding December 31 current deferred revenue recognized during the three and nine months ended September 30, 2024 and 2023: Three Months Ended Nine Months Ended 2024 2023 2024 2023 (in thousands) Concerts $ 1,032,868 $ 814,504 $ 2,885,696 $ 2,629,546 Ticketing 50,140 37,124 165,463 133,365 Sponsorship & Advertising 6,626 17,432 93,300 125,359 $ 1,089,634 $ 869,060 $ 3,144,459 $ 2,888,270

CORRECTION OF ERRORS

CORRECTION OF ERRORS	9 Months Ended
	Sep. 30, 2024
Accounting Changes and Error Corrections [Abstract]
Error Correction [Text Block]	CORRECTION OF ERRORS IN PREVIOUSLY REPORTED CONSOLIDATED FINANCIAL STATEMENTS In calculating our income taxes for the three and nine months ended September 30, 2024, we identified errors in our previously issued financial statements for the three and nine months ended September 30, 2023 related to the measurement of income tax expense for certain foreign subsidiaries statutory earnings. We assessed the materiality of these errors, using both quantitative and qualitative factors, in accordance with the SEC Staff Accounting Bulletin (“SAB”) No. 99 “Materiality” and SAB 108 “Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements” codified in ASC 250 “Accounting Changes and Error Corrections” and concluded these errors (including when aggregated with other errors discussed below) were immaterial to all of the previously issued consolidated financial statements but, if corrected in the current year, would be material to the current year. Under ASC 250, such prior‑year misstatements which, if corrected in the current year would be material to the current year, must be corrected by adjusting the prior‑year financial statements. Correcting prior‑year financial statements for such immaterial errors does not require previously filed reports to be amended. In addition to the errors related to the income tax provision as noted above, we recorded other errors to correct prior periods as presented below. These errors were not previously recorded, as we concluded that they were immaterial individually and in aggregate to our previously issued consolidated financial statements. The effects of the error corrections on our consolidated statements of operations, comprehensive income (loss), cash flows and balance sheets are presented in the tables below. The condensed consolidated statements of stockholders’ equity for the three and nine months ended September 30, 2023 have also been revised to reflect the impacts to net earnings and redeemable noncontrolling interests. The following table presents the impact of correcting the errors on the affected line items of our consolidated balance sheet as of December 31, 2023: December 31, 2023 As Reported Adjustments As Revised (in thousands) Accounts receivable $ 2,069,054 $ (44,405) $ 2,024,649 Total current assets 9,577,754 (44,405) 9,533,349 Total assets 19,074,045 (44,405) 19,029,640 Accrued expenses 3,006,281 24,531 3,030,812 Total current liabilities 9,959,903 24,531 9,984,434 Redeemable noncontrolling interests 893,709 (33,779) 859,930 Total Live Nation stockholders' equity (17,148) (35,157) (52,305) Total equity 587,157 (35,157) 552,000 Total liabilities and equity 19,074,045 (44,405) 19,029,640 The following table presents the impact of correcting the errors on the affected line items of our consolidated statement of operations for the three months ended September 30, 2023: Three Months Ended September 30, 2023 As Reported Adjustments As Revised (in thousands except per share data) Revenue $ 8,152,019 $ 2,544 $ 8,154,563 Direct operating expenses 6,330,465 (32,582) 6,297,883 Operating income 618,532 35,126 653,658 Income before income taxes 596,555 35,126 631,681 Income tax expense 55,874 (5,605) 50,269 Net income 540,681 40,731 581,412 Net income attributable to noncontrolling interests 57,186 2,746 59,932 Net income attributable to common stockholders of Live Nation 483,495 37,985 521,480 Basic net income per common share available to common stockholders of Live Nation 1.85 0.16 2.01 Diluted net income per common share available to common stockholders of Live Nation 1.78 0.15 1.93 The following table presents the impact of correcting the errors on the affected line items of our consolidated statement of comprehensive income (loss) for the three months ended September 30, 2023: Three Months Ended September 30, 2023 As Reported Adjustments As Revised (in thousands) Net income $ 540,681 $ 40,731 $ 581,412 Comprehensive income 493,670 40,731 534,401 Comprehensive income attributable to noncontrolling interests 57,186 2,746 $ 59,932 Comprehensive income attributable to common stockholders of Live Nation 436,484 37,985 474,469 The following table presents the impact of correcting the errors on the affected line items of our consolidated statement of operations for the nine months ended September 30, 2023: Nine Months Ended September 30, 2023 As Reported Adjustments As Revised (in thousands except per share data) Revenue $ 16,910,132 $ (2,496) $ 16,907,636 Direct operating expenses 12,610,832 (21,226) 12,589,606 Operating income 1,147,679 18,730 1,166,409 Income before income taxes 1,037,572 18,730 1,056,302 Income tax expense 121,362 5,708 127,070 Net income 916,210 13,022 929,232 Net income attributable to noncontrolling interests 142,202 (2,797) 139,405 Net income attributable to common stockholders of Live Nation 774,008 15,819 789,827 Basic net income per common share available to common stockholders of Live Nation 2.63 0.07 2.70 Diluted net income per common share available to common stockholders of Live Nation 2.59 0.07 2.66 The following table presents the impact of correcting the errors on the affected line items of our consolidated statement of comprehensive income (loss) for the nine months ended September 30, 2023: Nine Months Ended September 30, 2023 As Reported Adjustments As Revised (in thousands) Net income $ 916,210 $ 13,022 $ 929,232 Comprehensive income 1,018,528 13,022 1,031,550 Comprehensive income attributable to noncontrolling interests 142,202 (2,797) 139,405 Comprehensive income attributable to common stockholders of Live Nation 876,326 15,819 892,145 The following table presents the impact of correcting the errors on the affected line items of our consolidated statement of cash flow for the nine months ended September 30, 2023: Nine Months Ended September 30, 2023 As Reported Adjustments As Revised (in thousands) Net income $ 916,210 $ 13,022 $ 929,232 Increase in accounts receivable (1,014,739) (15,714) (1,030,453) Increase in accounts payable, accrued expenses and other liabilities 916,619 (13,022) 903,597 Decrease in deferred revenue (150,487) 7,894 (142,593) Net cash provided by operating activities 762,441 (7,820) 754,621 Net increase in cash, cash equivalents and restricted cash 342,988 (7,820) 335,168 Cash, cash equivalents and restricted cash at beginning of period 5,612,374 7,820 5,620,194

BASIS OF PRESENTATION AND OTH_2

BASIS OF PRESENTATION AND OTHER INFORMATION (Basis of Presentation and Other Information) (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Consolidation, Variable Interest Entity, Policy	Variable Interest Entities In the normal course of business, we enter into joint ventures or make investments in companies that will allow us to expand our core business and enter new markets. In certain instances, such ventures or investments may be considered a VIE because the equity at risk is insufficient to permit it to carry on its activities without additional financial support from its equity owners. In determining whether we are the primary beneficiary of a VIE, we assess whether we have the power to direct activities that most significantly impact the economic performance of the entity and have the obligation to absorb losses or the right to receive benefits from the entity that could potentially be significant to the VIE. The activities we believe most significantly impact the economic performance of our VIEs include the unilateral ability to approve the annual budget, to terminate key management and to approve entering into agreements with artists, among others. We have certain rights and obligations related to our involvement in the VIEs, including the requirement to provide operational cash flow funding. As of September 30, 2024 and December 31, 2023, excluding intercompany balances and allocated goodwill and intangible assets, there were approximately $855 million and $940 million of assets and $580 million and $592 million of liabilities, respectively, related to VIEs included in our balance sheets. None of our VIEs are significant on an individual basis.
Cash and Cash Equivalents	Cash and Cash Equivalents Included in the September 30, 2024 and December 31, 2023 cash and cash equivalents balance is $1.6 billion and $1.5 billion, respectively, 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, 2024, we continued to maintain a full valuation allowance against our net deferred tax assets in certain jurisdictions, including the United States, due to cumulative pre-tax losses. As a result of the valuation allowances, no tax benefits have been recognized for any losses incurred in those tax jurisdictions for the first nine months of 2024.
Recent Accounting Pronouncements	Accounting Pronouncements In June 2022, the FASB issued Accounting Standards Update 2022-03, which clarifies guidance for fair value measurement of an equity security subject to a contractual sale restriction and establishes new disclosure requirements for such equity securities. We adopted this guidance on January 1, 2024. The adoption did not and is not expected to have a material impact on our consolidated financial statements. In November 2023, the FASB issued Accounting Standards Update 2023-07, which expands segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items, and interim disclosures of a reportable segment’s profit or loss. This guidance is effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance.

LONG-LIVED ASSETS (Long-Lived A

LONG-LIVED ASSETS (Long-Lived Assets) (Tables)	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment	Property, plant and equipment, net, consisted of the following: September 30, 2024 December 31, 2023 (in thousands) Land, buildings and improvements $ 2,243,158 $ 2,043,595 Computer equipment and capitalized software 926,193 888,065 Furniture and other equipment 744,635 646,966 Construction in progress 399,353 317,028 Property, plant and equipment, gross 4,313,339 3,895,654 Less: accumulated depreciation 1,937,471 1,794,191 Property, plant and equipment, net $ 2,375,868 $ 2,101,463
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, 2024: Revenue- Client / Venue management Trademarks Technology and Other (1) Total (in thousands) Balance as of December 31, 2023: Gross carrying amount $ 925,257 $ 583,436 $ 226,788 $ 183,493 $ 20,220 $ 1,939,194 Accumulated amortization (336,625) (251,649) (79,218) (104,036) (6,045) (777,573) Net 588,632 331,787 147,570 79,457 14,175 1,161,621 Gross carrying amount: Acquisitions and additions—current year 68,453 48,937 1,256 3,000 7,939 129,585 Acquisitions and additions—prior year 826 4,066 453 (2) — 5,343 Foreign exchange (58,063) (16,985) (2,191) (8,810) (94) (86,143) Other (2) (15,575) (20,132) (23,930) (3,213) (823) (63,673) Net change (4,359) 15,886 (24,412) (9,025) 7,022 (14,888) Accumulated amortization: Amortization (82,677) (64,266) (17,887) (13,585) (6,535) (184,950) Foreign exchange 15,438 4,612 107 2,521 (12) 22,666 Other (2) 15,575 20,132 24,032 2,863 936 63,538 Net change (51,664) (39,522) 6,252 (8,201) (5,611) (98,746) Balance as of September 30, 2024: Gross carrying amount 920,898 599,322 202,376 174,468 27,242 1,924,306 Accumulated amortization (388,289) (291,171) (72,966) (112,237) (11,656) (876,319) Net $ 532,609 $ 308,151 $ 129,410 $ 62,231 $ 15,586 $ 1,047,987 (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 2024 acquisitions and additions to definite-lived intangible assets had weighted-average lives as follows: Weighted- Revenue-generating contracts 9 Client/vendor relationships 5 Trademarks and naming rights 10 Venue management 3 Technology 3 All categories 7
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, 2024: Concerts Ticketing Sponsorship Total (in thousands) Balance as of December 31, 2023: Goodwill $ 1,439,579 $ 1,012,530 $ 674,720 $ 3,126,829 Accumulated impairment losses (435,363) — — (435,363) Net 1,004,216 1,012,530 674,720 2,691,466 Acquisitions—current year 25,797 507 1,015 27,319 Acquisitions—prior year 4,136 — — 4,136 Foreign exchange 911 (31,056) (22,768) (52,913) Balance as of September 30, 2024: Goodwill 1,470,423 981,981 652,967 3,105,371 Accumulated impairment losses (435,363) — — (435,363) Net $ 1,035,060 $ 981,981 $ 652,967 $ 2,670,008
[1] Other primarily includes intangible assets for non-compete agreements. Other primarily includes netdowns of fully amortized or impaired assets.

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Significant Components of Operating Lease Expense	The significant components of operating lease expense are as follows: Three Months Ended Nine Months Ended 2024 2023 2024 2023 (in thousands) Operating lease expense $ 64,543 $ 63,954 $ 197,051 $ 206,282 Variable and short-term lease expense 74,936 85,148 148,848 157,453 Sublease income (1,447) (1,865) (4,560) (6,477) Net lease expense $ 138,032 $ 147,237 $ 341,339 $ 357,258
Supplemental Cash Flow Information for Operating Leases	Supplemental cash flow information for our operating leases is as follows: Nine Months Ended 2024 2023 (in thousands) Cash paid for amounts included in the measurement of lease liabilities $ 212,983 $ 195,945 Lease assets obtained in exchange for lease obligations, net of terminations $ 200,039 $ 148,960 As of September 30, 2024, we have additional operating leases that have not yet commenced, with total lease payments of $207.0 million. These operating leases, which are not included on our consolidated balance sheets, have commencement dates ranging from October 2024 to June 2030 with lease terms ranging from 3 to 28 years.

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	Long-term debt, which includes finance leases, consisted of the following: September 30, 2024 December 31, 2023 (in thousands) Senior Secured Credit Facility: Term loan B $ 830,348 $ 836,903 Revolving credit facility — 370,000 6.5% Senior Secured Notes due 2027 1,200,000 1,200,000 3.75% Senior Secured Notes due 2028 500,000 500,000 4.875% Senior Notes due 2024 575,000 575,000 5.625% Senior Notes due 2026 300,000 300,000 4.75% Senior Notes due 2027 950,000 950,000 2.0% Convertible Senior Notes due 2025 400,000 400,000 3.125% Convertible Senior Notes due 2029 1,000,000 1,000,000 Other debt 538,824 511,210 Total principal amount 6,294,172 6,643,113 Less: unamortized discounts and debt issuance costs (39,280) (49,701) Total debt, net of unamortized discounts and debt issuance costs 6,254,892 6,593,412 Less: current portion 582,088 1,134,386 Total long-term debt, net $ 5,672,804 $ 5,459,026
Schedule of Maturities of Long-term Debt [Table Text Block]	Future maturities of debt at September 30, 2024 are as follows: (in thousands) Remainder of 2024 $ 550,365 2025 56,977 2026 1,398,179 2027 2,153,854 2028 2,091,490 Thereafter 43,307 Total $ 6,294,172

FAIR VALUE MEASUREMENTS Fair Va

FAIR VALUE MEASUREMENTS Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2024
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, 2024 December 31, 2023 Level 1 Level 2 Total Level 1 Level 2 Total (in thousands) Assets: Cash equivalents $ 597,215 $ — $ 597,215 $ 580,126 $ — $ 580,126 Interest rate swaps $ — $ 23,109 $ 23,109 $ — $ 39,232 $ 39,232
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, 2024 December 31, 2023 Level 2 (in thousands) 6.5% Senior Secured Notes due 2027 $ 1,224,780 $ 1,222,608 3.75% Senior Secured Notes due 2028 $ 481,570 $ 469,515 4.875% Senior Notes due 2024 $ 574,402 $ 570,412 5.625% Senior Notes due 2026 $ 299,790 $ 297,606 4.75% Senior Notes due 2027 $ 937,432 $ 913,653 2.0% Convertible Senior Notes due 2025 $ 435,424 $ 423,668 3.125% Convertible Senior Notes due 2029 $ 1,230,620 $ 1,136,160

EQUITY Equity (Tables)

EQUITY Equity (Tables)	9 Months Ended
	Sep. 30, 2024
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, 2024: Cash Flow Hedge Foreign Currency Items Total (in thousands) Balance at December 31, 2023 $ 29,350 $ (1,900) $ 27,450 Other comprehensive income (loss) before reclassifications 3,320 (191,011) (187,691) Amount reclassified from AOCI (14,370) — (14,370) Net other comprehensive loss (11,050) (191,011) (202,061) Balance at September 30, 2024 $ 18,300 $ (192,911) $ (174,611)
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 2024 2023 2024 2023 Weighted average common shares—basic 230,374,307 228,787,263 229,923,989 228,497,712 Effect of dilutive securities: Stock options and restricted stock 1,941,001 2,371,755 2,226,003 2,252,391 Convertible senior notes 13,004,660 13,004,660 3,778,760 4,396,292 Weighted average common shares—diluted 245,319,968 244,163,678 235,928,752 235,146,395
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 per common share because such securities are anti-dilutive: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Options to purchase shares of common stock — 3,750 3,750 3,750 Restricted stock and deferred stock—unvested 2,147,167 2,361,832 2,162,662 2,430,242 Conversion shares related to the convertible senior notes — — 9,225,900 8,921,749 Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding 2,147,167 2,365,582 11,392,312 11,355,741

SEGMENTS AND REVENUE RECOGNIT_2

SEGMENTS AND REVENUE RECOGNITION (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table presents the results of operations for our reportable segments for the three and nine months ended September 30, 2024 and 2023: Concerts Ticketing Sponsorship Other & Eliminations Corporate Consolidated (in thousands) Three Months Ended September 30, 2024 Revenue $ 6,580,595 $ 693,704 $ 390,345 $ (13,557) $ — $ 7,651,087 % of Consolidated Revenue 86.0% 9.1% 5.1% (0.2)% Intersegment revenue $ 7,268 $ 6,289 $ — $ (13,557) $ — $ — AOI $ 474,053 $ 235,704 $ 275,329 $ (7,073) $ (68,182) $ 909,831 Three Months Ended September 30, 2023 Revenue (1) $ 6,971,830 $ 837,624 $ 366,822 $ (21,713) $ — $ 8,154,563 % of Consolidated Revenue 85.5% 10.3% 4.5% (0.3)% Intersegment revenue $ 5,698 $ 9,501 $ — $ (15,199) $ — $ — AOI (2) $ 340,904 $ 351,574 $ 250,265 $ (6,818) $ (64,736) $ 871,189 Nine Months Ended September 30, 2024 Revenue $ 14,447,009 $ 2,147,559 $ 913,856 $ (34,392) $ — $ 17,474,032 % of Consolidated Revenue 82.7% 12.3% 5.2% (0.2)% Intersegment revenue $ 19,671 $ 14,546 $ 175 $ (34,392) $ — $ — AOI $ 742,936 $ 812,352 $ 627,926 $ (22,453) $ (172,192) $ 1,988,569 Nine Months Ended September 30, 2023 Revenue (1) $ 13,886,333 $ 2,219,667 $ 839,799 $ (38,163) $ — $ 16,907,636 % of Consolidated Revenue 82.1% 13.1% 5.0% (0.2)% Intersegment revenue $ 9,896 $ 12,681 $ — $ (22,577) $ — $ — AOI (2) $ 504,694 $ 904,014 $ 548,935 $ (32,899) $ (160,544) $ 1,764,200 (1) Prior period revenue was restated as further discussed in Note 9 – Correction of Errors in Previously Reported Consolidated Financial Statements. For the three and nine months ended September 30, 2023, the restatement decreased our Concerts segment revenue by $2.5 million and $2.5 million, respectively. For the three months ended September 30, 2023, the restatement increased our Ticketing segment revenue by $5.0 million. (2) Prior period AOI was restated as further discussed in Note 9 – Correction of Errors in Previously Reported Consolidated Financial Statements. For the nine months ended September 30, 2023, the restatement decreased our Concerts segment AOI by $5.1 million. For the three and nine months ended September 30, 2023, the restatement increased our Ticketing segment AOI by $35.1 million and $23.8 million, respectively.
Reconciliation of AOI to Operating Income (Loss)	The following table sets forth the reconciliation of consolidated AOI to operating income for the three and nine months ended September 30, 2024 and 2023: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in thousands) AOI (1) $ 909,831 $ 871,189 $ 1,988,569 $ 1,764,200 Acquisition expenses 94,565 40,968 95,087 79,108 Amortization of non-recoupable ticketing contract advances 16,996 16,921 62,237 58,518 Depreciation and amortization 137,001 130,653 407,324 382,352 Gain on sale of operating assets (3,968) (1,583) (5,398) (8,092) Astroworld estimated loss contingencies — — 279,915 — Stock-based compensation expense 25,712 30,572 85,450 85,905 Operating income (1) $ 639,525 $ 653,658 $ 1,063,954 $ 1,166,409 (1) For the three and nine months ended September 30, 2023, the restatement increased our AOI and operating income by $35.1 million and $18.7 million, respectively. See further discussion in Note 9 – Correction of Errors in Previously Reported Consolidated Financial Statements.
Contract with Customer, Asset and Liability	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. The table below summarizes the amount of the preceding December 31 current deferred revenue recognized during the three and nine months ended September 30, 2024 and 2023: Three Months Ended Nine Months Ended 2024 2023 2024 2023 (in thousands) Concerts $ 1,032,868 $ 814,504 $ 2,885,696 $ 2,629,546 Ticketing 50,140 37,124 165,463 133,365 Sponsorship & Advertising 6,626 17,432 93,300 125,359 $ 1,089,634 $ 869,060 $ 3,144,459 $ 2,888,270

CORRECTION OF ERRORS (Tables)

CORRECTION OF ERRORS (Tables)		3 Months Ended	9 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Sep. 30, 2023
Accounting Changes and Error Corrections [Abstract]
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	The following table presents the impact of correcting the errors on the affected line items of our consolidated balance sheet as of December 31, 2023: December 31, 2023 As Reported Adjustments As Revised (in thousands) Accounts receivable $ 2,069,054 $ (44,405) $ 2,024,649 Total current assets 9,577,754 (44,405) 9,533,349 Total assets 19,074,045 (44,405) 19,029,640 Accrued expenses 3,006,281 24,531 3,030,812 Total current liabilities 9,959,903 24,531 9,984,434 Redeemable noncontrolling interests 893,709 (33,779) 859,930 Total Live Nation stockholders' equity (17,148) (35,157) (52,305) Total equity 587,157 (35,157) 552,000 Total liabilities and equity 19,074,045 (44,405) 19,029,640	The following table presents the impact of correcting the errors on the affected line items of our consolidated statement of operations for the three months ended September 30, 2023: Three Months Ended September 30, 2023 As Reported Adjustments As Revised (in thousands except per share data) Revenue $ 8,152,019 $ 2,544 $ 8,154,563 Direct operating expenses 6,330,465 (32,582) 6,297,883 Operating income 618,532 35,126 653,658 Income before income taxes 596,555 35,126 631,681 Income tax expense 55,874 (5,605) 50,269 Net income 540,681 40,731 581,412 Net income attributable to noncontrolling interests 57,186 2,746 59,932 Net income attributable to common stockholders of Live Nation 483,495 37,985 521,480 Basic net income per common share available to common stockholders of Live Nation 1.85 0.16 2.01 Diluted net income per common share available to common stockholders of Live Nation 1.78 0.15 1.93 The following table presents the impact of correcting the errors on the affected line items of our consolidated statement of comprehensive income (loss) for the three months ended September 30, 2023: Three Months Ended September 30, 2023 As Reported Adjustments As Revised (in thousands) Net income $ 540,681 $ 40,731 $ 581,412 Comprehensive income 493,670 40,731 534,401 Comprehensive income attributable to noncontrolling interests 57,186 2,746 $ 59,932 Comprehensive income attributable to common stockholders of Live Nation 436,484 37,985 474,469	The following table presents the impact of correcting the errors on the affected line items of our consolidated statement of operations for the nine months ended September 30, 2023: Nine Months Ended September 30, 2023 As Reported Adjustments As Revised (in thousands except per share data) Revenue $ 16,910,132 $ (2,496) $ 16,907,636 Direct operating expenses 12,610,832 (21,226) 12,589,606 Operating income 1,147,679 18,730 1,166,409 Income before income taxes 1,037,572 18,730 1,056,302 Income tax expense 121,362 5,708 127,070 Net income 916,210 13,022 929,232 Net income attributable to noncontrolling interests 142,202 (2,797) 139,405 Net income attributable to common stockholders of Live Nation 774,008 15,819 789,827 Basic net income per common share available to common stockholders of Live Nation 2.63 0.07 2.70 Diluted net income per common share available to common stockholders of Live Nation 2.59 0.07 2.66 The following table presents the impact of correcting the errors on the affected line items of our consolidated statement of comprehensive income (loss) for the nine months ended September 30, 2023: Nine Months Ended September 30, 2023 As Reported Adjustments As Revised (in thousands) Net income $ 916,210 $ 13,022 $ 929,232 Comprehensive income 1,018,528 13,022 1,031,550 Comprehensive income attributable to noncontrolling interests 142,202 (2,797) 139,405 Comprehensive income attributable to common stockholders of Live Nation 876,326 15,819 892,145 The following table presents the impact of correcting the errors on the affected line items of our consolidated statement of cash flow for the nine months ended September 30, 2023: Nine Months Ended September 30, 2023 As Reported Adjustments As Revised (in thousands) Net income $ 916,210 $ 13,022 $ 929,232 Increase in accounts receivable (1,014,739) (15,714) (1,030,453) Increase in accounts payable, accrued expenses and other liabilities 916,619 (13,022) 903,597 Decrease in deferred revenue (150,487) 7,894 (142,593) Net cash provided by operating activities 762,441 (7,820) 754,621 Net increase in cash, cash equivalents and restricted cash 342,988 (7,820) 335,168 Cash, cash equivalents and restricted cash at beginning of period 5,612,374 7,820 5,620,194

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, 2024	Dec. 31, 2023
Variable Interest Entity [Line Items]
Total assets	$ 19,747,070,000	$ 19,029,640,000
Restricted Cash and Cash Equivalents Items [Line Items]
Cash received that includes the face value of tickets sold on behalf of ticketing clients and their share of service charges.	1,600,000,000	1,500,000,000
Tax benefit recognized for losses incurred	0
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Total assets	855,000,000	940,000,000
Liabilities	$ 580,000,000	$ 592,000,000

LONG-LIVED ASSETS (Property, Pl

LONG-LIVED ASSETS (Property, Plant and Equipment) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Land, buildings and improvements	$ 2,243,158	$ 2,043,595
Computer equipment and capitalized software	926,193	888,065
Furniture and other equipment	744,635	646,966
Construction in progress	399,353	317,028
Property, plant and equipment, gross	4,313,339	3,895,654
Less: accumulated depreciation	1,937,471	1,794,191
Property, plant and equipment, net	$ 2,375,868	$ 2,101,463

LONG-LIVED ASSETS (Definite-liv

LONG-LIVED ASSETS (Definite-lived Intangibles) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount				$ 1,939,194
Accumulated amortization				(777,573)
Net				1,161,621
Acquisitions and additions—current year				129,585
Acquisitions and additions—prior year				5,343
Foreign exchange				(86,143)
Other (2)	[1]			(63,673)
Net change				(14,888)
Amortization		$ (61,300)	$ (63,400)	(184,950)	$ (176,100)
Foreign exchange				22,666
Other (2)	[1]			63,538
Net change				(98,746)
Gross carrying amount		1,924,306		1,924,306
Accumulated amortization		(876,319)		(876,319)
Net		1,047,987		$ 1,047,987
Weighted-average lives of definite-lived intangible assets				7 years
Revenue-generating contracts [Member]
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount				$ 925,257
Accumulated amortization				(336,625)
Net				588,632
Acquisitions and additions—current year				68,453
Acquisitions and additions—prior year				826
Foreign exchange				(58,063)
Other (2)	[1]			(15,575)
Net change				(4,359)
Amortization				(82,677)
Foreign exchange				15,438
Other (2)	[1]			15,575
Net change				(51,664)
Gross carrying amount		920,898		920,898
Accumulated amortization		(388,289)		(388,289)
Net		532,609		$ 532,609
Weighted-average lives of definite-lived intangible assets				9 years
Client/vendor relationships [Member]
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount				$ 583,436
Accumulated amortization				(251,649)
Net				331,787
Acquisitions and additions—current year				48,937
Acquisitions and additions—prior year				4,066
Foreign exchange				(16,985)
Other (2)	[1]			(20,132)
Net change				15,886
Amortization				(64,266)
Foreign exchange				4,612
Other (2)	[1]			20,132
Net change				(39,522)
Gross carrying amount		599,322		599,322
Accumulated amortization		(291,171)		(291,171)
Net		308,151		$ 308,151
Weighted-average lives of definite-lived intangible assets				5 years
Venue Management
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount				$ 226,788
Accumulated amortization				(79,218)
Net				147,570
Acquisitions and additions—current year				1,256
Acquisitions and additions—prior year				453
Foreign exchange				(2,191)
Other (2)	[1]			(23,930)
Net change				(24,412)
Amortization				(17,887)
Foreign exchange				107
Other (2)	[1]			24,032
Net change				6,252
Gross carrying amount		202,376		202,376
Accumulated amortization		(72,966)		(72,966)
Net		129,410		$ 129,410
Weighted-average lives of definite-lived intangible assets				3 years
Trademarks and naming rights [Member]
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount				$ 183,493
Accumulated amortization				(104,036)
Net				79,457
Acquisitions and additions—current year				3,000
Acquisitions and additions—prior year				(2)
Foreign exchange				(8,810)
Other (2)	[1]			(3,213)
Net change				(9,025)
Amortization				(13,585)
Foreign exchange				2,521
Other (2)	[1]			2,863
Net change				(8,201)
Gross carrying amount		174,468		174,468
Accumulated amortization		(112,237)		(112,237)
Net		62,231		$ 62,231
Weighted-average lives of definite-lived intangible assets				10 years
Technology and Other intangible assets [Member]
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount	[2]			$ 20,220
Accumulated amortization	[2]			(6,045)
Net	[2]			14,175
Acquisitions and additions—current year	[2]			7,939
Acquisitions and additions—prior year	[2]			0
Foreign exchange	[2]			(94)
Other (2)	[1],[2]			(823)
Net change	[2]			7,022
Amortization	[2]			(6,535)
Foreign exchange	[2]			(12)
Other (2)	[1],[2]			936
Net change	[2]			(5,611)
Gross carrying amount	[2]	27,242		27,242
Accumulated amortization	[2]	(11,656)		(11,656)
Net	[2]	$ 15,586		$ 15,586
Technology [Member]
Finite-lived Intangible Assets [Roll Forward]
Weighted-average lives of definite-lived intangible assets				3 years
[1] Other primarily includes netdowns of fully amortized or impaired assets. 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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Amortization of definite-lived intangible assets	$ 61,300	$ 63,400	$ 184,950	$ 176,100

LONG-LIVED ASSETS (Goodwill) (D

LONG-LIVED ASSETS (Goodwill) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Changes in carrying amount of goodwill [Roll Forward]
Gross goodwill, beginning of period	$ 3,126,829
Accumulated impairment losses	(435,363)
Net goodwill, beginning of period	2,691,466
Acquisition—current year	27,319
Acquisitions—prior year	4,136
Foreign exchange	(52,913)
Gross goodwill, end of period	3,105,371
Accumulated impairment losses	(435,363)
Net goodwill, end of period	2,670,008
Concerts [Member]
Changes in carrying amount of goodwill [Roll Forward]
Gross goodwill, beginning of period	1,439,579
Accumulated impairment losses	(435,363)
Net goodwill, beginning of period	1,004,216
Acquisition—current year	25,797
Acquisitions—prior year	4,136
Foreign exchange	911
Gross goodwill, end of period	1,470,423
Accumulated impairment losses	(435,363)
Net goodwill, end of period	1,035,060
Ticketing [Member]
Changes in carrying amount of goodwill [Roll Forward]
Gross goodwill, beginning of period	1,012,530
Accumulated impairment losses	0
Net goodwill, beginning of period	1,012,530
Acquisition—current year	507
Acquisitions—prior year	0
Foreign exchange	(31,056)
Gross goodwill, end of period	981,981
Accumulated impairment losses	0
Net goodwill, end of period	981,981
Sponsorship and Advertising [Member]
Changes in carrying amount of goodwill [Roll Forward]
Gross goodwill, beginning of period	674,720
Accumulated impairment losses	0
Net goodwill, beginning of period	674,720
Acquisition—current year	1,015
Acquisitions—prior year	0
Foreign exchange	(22,768)
Gross goodwill, end of period	652,967
Accumulated impairment losses	0
Net goodwill, end of period	$ 652,967

LONG-LIVED ASSETS (Investments

LONG-LIVED ASSETS (Investments in Nonconsolidated Affiliates) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Investments [Abstract]
Investments in nonconsolidated affiliates	$ 514.9	$ 447.5

LEASES (Significant Components

LEASES (Significant Components Of Operating Lease Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Operating lease expense	$ 64,543	$ 63,954	$ 197,051	$ 206,282
Variable and short-term lease expense	74,936	85,148	148,848	157,453
Sublease income	(1,447)	(1,865)	(4,560)	(6,477)
Net lease expense	$ 138,032	$ 147,237	$ 341,339	$ 357,258

LEASES (Supplemental Cash Flow

LEASES (Supplemental Cash Flow Information For Operating Leases) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities	$ 212,983	$ 195,945
Lease assets obtained in exchange for lease obligations, net of terminations	$ 200,039	$ 148,960

LEASES (Leases Not Yet Commence

LEASES (Leases Not Yet Commenced) (Details) $ in Millions	Sep. 30, 2024 USD ($)
Lessee, Lease, Description [Line Items]
Total lease payments due under operating leases that have not yet commenced	$ 207
Minimum [Member]
Lessee, Lease, Description [Line Items]
Lease term for operating leases that have not yet commenced	3 years
Maximum [Member]
Lessee, Lease, Description [Line Items]
Lease term for operating leases that have not yet commenced	28 years

LONG-TERM DEBT (Schedule of Lon

LONG-TERM DEBT (Schedule of Long-Term Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total principal amount	$ 6,294,172	$ 6,643,113
Less: unamortized discounts and debt issuance costs	(39,280)	(49,701)
Total debt, net of unamortized discounts and debt issuance costs	6,254,892	6,593,412
Current portion of long-term debt, net	582,088	1,134,386
Long-term debt, net	5,672,804	5,459,026
Senior Secured Credit Facility Term loan B [Member]
Debt Instrument [Line Items]
Total principal amount	830,348	836,903
Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Total principal amount	0	370,000
6.5% Senior Secured Notes Due 2027 [Member]
Debt Instrument [Line Items]
Total principal amount	1,200,000	1,200,000
3.75% Senior Secured Notes Due 2028 [Member]
Debt Instrument [Line Items]
Total principal amount	500,000	500,000
4.875% Senior Notes Due 2024 [Member]
Debt Instrument [Line Items]
Total principal amount	575,000	575,000
5.625% Senior Notes Due 2026 [Member]
Debt Instrument [Line Items]
Total principal amount	300,000	300,000
4.75% Senior Notes due 2027 [Member]
Debt Instrument [Line Items]
Total principal amount	950,000	950,000
2.0% Convertible Senior Notes Due 2025 [Member]
Debt Instrument [Line Items]
Total principal amount	400,000	400,000
3.125% Convertible Senior Notes Due 2029
Debt Instrument [Line Items]
Total principal amount	1,000,000	1,000,000
Other Debt [Member]
Debt Instrument [Line Items]
Total principal amount	$ 538,824	$ 511,210

LONG-TERM DEBT (Future of Matur

LONG-TERM DEBT (Future of Maturities of Long-Term Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Maturities of Long-term Debt [Abstract]
Remainder of 2024	$ 550,365
2026	56,977
2027	1,398,179
2028	2,153,854
2028	2,091,490
Thereafter	43,307
Total	$ 6,294,172	$ 6,643,113

LONG-TERM DEBT (Other Debt) (De

LONG-TERM DEBT (Other Debt) (Details) - Other Debt [Member] $ in Thousands	Sep. 30, 2024 USD ($)
United States Venue Management Acquisition
Debt Instrument [Line Items]
Other Long-Term Debt	$ 275,000
Europe Asset Acquisition
Debt Instrument [Line Items]
Other Long-Term Debt	$ 129,200

Subsequent Events (Details)

Subsequent Events (Details) $ in Thousands	Nov. 05, 2024 USD ($)	Nov. 01, 2024 USD ($)	Oct. 31, 2024 USD ($)	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Subsequent Event [Line Items]
Long-term Debt, Gross				$ 6,294,172	$ 6,643,113
Senior Secured Revolving Credit Facility
Subsequent Event [Line Items]
Long-term Debt, Gross				0	370,000
Senior Secured Revolving Credit Facility | Subsequent Event [Member]
Subsequent Event [Line Items]
Long-term Debt, Gross			$ 585,000
Maximum borrowing capacity under the revolving credit facility	$ 1,700,000
Consolidated Net Debt Deduction Limit	$ 500,000
Senior Secured Revolving Credit Facility | Subsequent Event [Member] | First Step Down Period Consolidated Net Leverage Ratio Reduced
Subsequent Event [Line Items]
Debt Instrument, Covenant, Ratio of Consolidated Total Debt to Consolidated EBITDA	0.50
Senior Secured Revolving Credit Facility | Subsequent Event [Member] | Subsequent Step Down Period Consolidated Net Leverage Ratio Reduced
Subsequent Event [Line Items]
Debt Instrument, Covenant, Ratio of Consolidated Total Debt to Consolidated EBITDA	0.50
Senior Secured Revolving Credit Facility | Subsequent Event [Member] | Maximum [Member]
Subsequent Event [Line Items]
Debt Instrument, Covenant, Ratio of Consolidated Total Debt to Consolidated EBITDA	6.75
Senior Secured Revolving Credit Facility | Subsequent Event [Member] | Minimum [Member]
Subsequent Event [Line Items]
Debt Instrument, Covenant, Ratio of Consolidated Total Debt to Consolidated EBITDA	5.25
4.875% Senior Notes Due 2024 [Member]
Subsequent Event [Line Items]
Long-term Debt, Gross				$ 575,000	$ 575,000
4.875% Senior Notes Due 2024 [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Extinguishment of debt		$ 575,000
Debt Instrument, Interest Rate, Stated Percentage		4.875%
Senior Secured Credit Facility - Venue Expansion Revolving Facility | Subsequent Event [Member]
Subsequent Event [Line Items]
Maximum borrowing capacity under the revolving credit facility	$ 400,000

FAIR VALUE MEASUREMENTS (Assets

FAIR VALUE MEASUREMENTS (Assets and Liabilities Measured On A Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Cash equivalents	$ 597,215	$ 580,126
Recurring [Member]
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Interest Rate Derivative Assets, at Fair Value	23,109	39,232
Level 1 [Member] | Recurring [Member]
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Cash equivalents	597,215	580,126
Interest Rate Derivative Assets, at Fair Value	0	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	$ 23,109	$ 39,232

FAIR VALUE MEASUREMENTS (Fair V

FAIR VALUE MEASUREMENTS (Fair Value of Debt) (Details) - Level 2 [Member] - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
6.5% Senior Secured Notes Due 2027 [Member]
Debt Fair Value [Line Items]
Estimated fair values of senior notes	$ 1,224,780	$ 1,222,608
3.75% Senior Secured Notes Due 2028 [Member]
Debt Fair Value [Line Items]
Estimated fair values of senior notes	481,570	469,515
4.875% Senior Notes Due 2024 [Member]
Debt Fair Value [Line Items]
Estimated fair values of senior notes	574,402	570,412
5.625% Senior Notes Due 2026 [Member]
Debt Fair Value [Line Items]
Estimated fair values of senior notes	299,790	297,606
4.75% Senior Notes due 2027 [Member]
Debt Fair Value [Line Items]
Estimated fair values of senior notes	937,432	913,653
2.0% Convertible Senior Notes Due 2025 [Member]
Debt Fair Value [Line Items]
Estimated fair values of convertible senior notes	435,424	423,668
3.125% Convertible Senior Notes Due 2029
Debt Fair Value [Line Items]
Estimated fair values of convertible senior notes	$ 1,230,620	$ 1,136,160

FAIR VALUE MEASUREMENTS (Fair_2

FAIR VALUE MEASUREMENTS (Fair Value Measured On A Non-Recurring Basis) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Sponsorship and Advertising [Member] | Cost Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Nonrecurring Gain	$ (31,800)
Sponsorship and Advertising [Member] | Cost Investments [Member] | Warrant [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Nonrecurring Gain	(38,500)
Concerts [Member] | Equity Method Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Nonrecurring Gain	(24,400)
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Sponsorship and Advertising [Member] | Cost Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in Affiliates, Subsidiaries, Associates, and Joint Ventures, Fair Value Disclosure	142,200
Investments in Nonconsolidated Affiliates, Warrant Fair Value	62,200
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Concerts [Member] | Equity Method Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in Affiliates, Subsidiaries, Associates, and Joint Ventures, Fair Value Disclosure	$ 35,900

COMMITMENTS AND CONTINGENT LI_2

COMMITMENTS AND CONTINGENT LIABILITIES (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($) numberOfClaims number	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) numberOfClaims number	Sep. 30, 2023 USD ($)	Nov. 05, 2021 number
Loss Contingencies [Line Items]
Astroworld estimated loss contingencies | $	$ 0	$ 0	$ 279,915	$ 0
Astroworld Festival
Loss Contingencies [Line Items]
Astroworld Fatal Injuries | number					10
Number of Lawsuits | number	450		450
Astroworld estimated loss contingencies | $			$ 280,000
Antitrust Litigation | CALIFORNIA
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number | numberOfClaims	3		3
Antitrust Litigation | NEW YORK
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number | numberOfClaims	2		2

EQUITY (Accumulated Other Compr

EQUITY (Accumulated Other Comprehensive Loss) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at December 31, 2023	$ 27,450
Other comprehensive income (loss) before reclassifications	(187,691)
Amount reclassified from AOCI	(14,370)
Net other comprehensive loss	(202,061)
Balance at September 30, 2024	(174,611)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at December 31, 2023	29,350
Other comprehensive income (loss) before reclassifications	3,320
Amount reclassified from AOCI	(14,370)
Net other comprehensive loss	(11,050)
Balance at September 30, 2024	18,300
Foreign Currency Items [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at December 31, 2023	(1,900)
Other comprehensive income (loss) before reclassifications	(191,011)
Amount reclassified from AOCI	0
Net other comprehensive loss	(191,011)
Balance at September 30, 2024	$ (192,911)

EQUITY (Weighted Average Common

EQUITY (Weighted Average Common Shares Outstanding) (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Weighted Average Common Shares Basic and Diluted [Line Items]
Basic	230,374,307	228,787,263	229,923,989	228,497,712
Incremental Common Shares Attributable to Dilutive Effect of Share-Based Payment Arrangements	1,941,001	2,371,755	2,226,003	2,252,391
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities	13,004,660	13,004,660	3,778,760	4,396,292
Weighted Average Number of Shares Outstanding, Diluted	245,319,968	244,163,678	235,928,752	235,146,395

EQUITY (Antidilutive Securities

EQUITY (Antidilutive Securities Excluded from Computation of Earnings per Share) (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,147,167	2,365,582	11,392,312	11,355,741
Options to purchase shares of common stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	3,750	3,750	3,750
Restricted and deferred stock awards—unvested [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,147,167	2,361,832	2,162,662	2,430,242
Conversion shares related to the convertible senior notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	9,225,900	8,921,749

SEGMENTS AND REVENUE RECOGNIT_3

SEGMENTS AND REVENUE RECOGNITION Segment Results of Operations (Details) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023		Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Revenue	$ 7,651,087,000	$ 8,154,563,000	[1]	$ 17,474,032,000	$ 16,907,636,000	[1]
AOI	909,831,000	871,189,000	[2]	1,988,569,000	1,764,200,000	[2]
Revision of Prior Period, Error Correction, Adjustment
Segment Reporting Information [Line Items]
Revenue		2,544,000			(2,496,000)
Concerts [Member] | Revision of Prior Period, Error Correction, Adjustment
Segment Reporting Information [Line Items]
Change in Revenue Due to Revision of Prior Period Error Corrections		2,500,000			2,500,000
Change in AOI Due to Revision of Prior Period Error Corrections					5,100,000
Ticketing [Member] | Revision of Prior Period, Error Correction, Adjustment
Segment Reporting Information [Line Items]
Change in Revenue Due to Revision of Prior Period Error Corrections		5,000,000
Change in AOI Due to Revision of Prior Period Error Corrections		35,100,000			23,800,000
Operating Segments [Member] | Concerts [Member]
Segment Reporting Information [Line Items]
Revenue	$ 6,580,595,000	$ 6,971,830,000	[1]	$ 14,447,009,000	$ 13,886,333,000	[1]
Percentage of Concert revenue to consolidated revenue	86%	85.50%		82.70%	82.10%
AOI	$ 474,053,000	$ 340,904,000		$ 742,936,000	$ 504,694,000	[1]
Operating Segments [Member] | Ticketing [Member]
Segment Reporting Information [Line Items]
Revenue	$ 693,704,000	$ 837,624,000	[1]	$ 2,147,559,000	$ 2,219,667,000
Percentage of Ticketing revenue to consolidated revenue	9.10%	10.30%		12.30%	13.10%
AOI	$ 235,704,000	$ 351,574,000	[1]	$ 812,352,000	$ 904,014,000	[1]
Operating Segments [Member] | Sponsorship and Advertising [Member]
Segment Reporting Information [Line Items]
Revenue	$ 390,345,000	$ 366,822,000		$ 913,856,000	$ 839,799,000
Percentage of Sponsorship & Advertising revenue to consolidated revenue	5.10%	4.50%		5.20%	5%
AOI	$ 275,329,000	$ 250,265,000		$ 627,926,000	$ 548,935,000
Operating Segments [Member] | Corporate Segment
Segment Reporting Information [Line Items]
Revenue	0	0		0	0
AOI	(68,182,000)	(64,736,000)		(172,192,000)	(160,544,000)
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenue	(13,557,000)	(15,199,000)		(34,392,000)	(22,577,000)
Intersegment Eliminations [Member] | Concerts [Member]
Segment Reporting Information [Line Items]
Revenue	7,268,000	5,698,000		19,671,000	9,896,000
Intersegment Eliminations [Member] | Ticketing [Member]
Segment Reporting Information [Line Items]
Revenue	6,289,000	9,501,000		14,546,000	12,681,000
Intersegment Eliminations [Member] | Sponsorship and Advertising [Member]
Segment Reporting Information [Line Items]
Revenue	0	0		175,000	0
Intersegment Eliminations [Member] | Other and Eliminations [Member]
Segment Reporting Information [Line Items]
Revenue	$ (13,557,000)	$ (21,713,000)		$ (34,392,000)	$ (38,163,000)
Percentage of Other and Eliminations to Total Revenue	(0.2)	(0.3)		(0.2)	(0.2)
AOI	$ (7,073,000)	$ (6,818,000)		$ (22,453,000)	$ (32,899,000)
Intersegment Eliminations [Member] | Corporate Segment
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 0		$ 0	$ 0
[1] Prior period revenue was restated as further discussed in Note 9 – Correction of Errors in Previously Reported Consolidated Financial Statements. For the three and nine months ended September 30, 2023, the restatement decreased our Concerts segment revenue by $2.5 million and $2.5 million, respectively. For the three months ended September 30, 2023, the restatement increased our Ticketing segment revenue by $5.0 million.

SEGMENTS AND REVENUE RECOGNIT_4

SEGMENTS AND REVENUE RECOGNITION Reconciliation of AOI (Details) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023		Sep. 30, 2024	Sep. 30, 2023
Reconciliation of AOI [Line Items]
AOI	$ 909,831,000	$ 871,189,000	[1]	$ 1,988,569,000	$ 1,764,200,000	[1]
Acquisition expenses	94,565,000	40,968,000		95,087,000	79,108,000
Amortization of non-recoupable ticketing contract advances	16,996,000	16,921,000		62,237,000	58,518,000
Depreciation and amortization	137,001,000	130,653,000		407,324,000	382,352,000
Gain on sale of operating assets	3,968,000	1,583,000		5,398,000	8,092,000
Astroworld estimated loss contingencies	0	0		279,915,000	0
Stock-based compensation expense	25,712,000	30,572,000		85,450,000	85,905,000
Operating Income (Loss)	639,525,000	653,658,000	[1]	1,063,954,000	1,166,409,000	[1]
Astroworld Festival
Reconciliation of AOI [Line Items]
Astroworld estimated loss contingencies				280,000,000
Revision of Prior Period, Error Correction, Adjustment
Reconciliation of AOI [Line Items]
Operating Income (Loss)		35,126,000			18,730,000
Change in AOI and Operating Income Due to Revision of Prior Period Error Corrections		35,100,000			18,700,000
Operating Segments [Member] | Concerts [Member]
Reconciliation of AOI [Line Items]
AOI	474,053,000	340,904,000		742,936,000	504,694,000	[2]
Operating Segments [Member] | Ticketing [Member]
Reconciliation of AOI [Line Items]
AOI	235,704,000	351,574,000	[2]	812,352,000	904,014,000	[2]
Operating Segments [Member] | Sponsorship and Advertising [Member]
Reconciliation of AOI [Line Items]
AOI	275,329,000	250,265,000		627,926,000	548,935,000
Operating Segments [Member] | Corporate Segment
Reconciliation of AOI [Line Items]
AOI	$ (68,182,000)	$ (64,736,000)		$ (172,192,000)	$ (160,544,000)
[1]For the three and nine months ended September 30, 2023, the restatement increased our AOI and operating income by $35.1 million and $18.7 million, respectively. See further discussion in Note 9 – Correction of Errors in Previously Reported Consolidated Financial Statements[2] Prior period revenue was restated as further discussed in Note 9 – Correction of Errors in Previously Reported Consolidated Financial Statements. For the three and nine months ended September 30, 2023, the restatement decreased our Concerts segment revenue by $2.5 million and $2.5 million, respectively. For the three months ended September 30, 2023, the restatement increased our Ticketing segment revenue by $5.0 million.

SEGMENTS AND REVENUE RECOGNIT_5

SEGMENTS AND REVENUE RECOGNITION Ticketing Contract Advances (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Capitalized Contract Cost [Line Items]
Amortization of non-recoupable ticketing contract advances	$ 16,996	$ 16,921	$ 62,237	$ 58,518
Prepaid Expenses [Member] | Ticketing [Member]
Capitalized Contract Cost [Line Items]
Ticketing contract advances	185,600		185,600		$ 143,900
Other Noncurrent Assets [Member] | Ticketing [Member]
Capitalized Contract Cost [Line Items]
Ticketing contract advances	$ 125,100		$ 125,100		$ 135,600

SEGMENTS AND REVENUE RECOGNIT_6

SEGMENTS AND REVENUE RECOGNITION Performance Obligation (Details) - Sponsorship and Advertising [Member] $ in Billions	Sep. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue related to future benefits to be provided by the Company	$ 1.5
Percentage of revenue on contracts to be recognized during the remainder of current year	11%
Percentage of revenue on contracts to be recognized next year	36%
Percentage of revenue on contracts to be recognized in two years	27%
Percentage of revenue to be recognized on contracts thereafter	26%

SEGMENTS AND REVENUE RECOGNIT_7

SEGMENTS AND REVENUE RECOGNITION Deferred Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue, current	$ 3,034,514		$ 3,034,514		$ 3,398,028
Recognition of deferred revenue	1,089,634	$ 869,060	3,144,459	$ 2,888,270
Concerts [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Recognition of deferred revenue	1,032,868	814,504	2,885,696	2,629,546
Ticketing [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Recognition of deferred revenue	50,140	37,124	165,463	133,365
Sponsorship and Advertising [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Recognition of deferred revenue	$ 6,626	$ 17,432	$ 93,300	$ 125,359

CORRECTION OF ERRORS (Details)

CORRECTION OF ERRORS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023		Sep. 30, 2024	Sep. 30, 2023		Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Accounts receivable	$ 2,693,998			$ 2,693,998				$ 2,024,649
Assets, Current	9,775,154			9,775,154				9,533,349
Total assets	19,747,070			19,747,070				19,029,640
Accrued expenses	3,454,183			3,454,183				3,030,812
Total current liabilities	9,680,578			9,680,578				9,984,434
Redeemable noncontrolling interests	1,023,907			1,023,907				859,930
Total Live Nation stockholders' equity	287,966			287,966				(52,305)
Total equity	929,743	$ 852,018		929,743	$ 852,018		$ 508,074	552,000	$ 320,493	$ 65,027
Revenue	7,651,087	8,154,563	[1]	17,474,032	16,907,636	[1]
Direct Operating Costs	5,780,188	6,297,883		12,839,737	12,589,606
Operating Income (Loss)	639,525	653,658	[2]	1,063,954	1,166,409	[2]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	(585,912)	(631,681)		(1,040,618)	(1,056,302)
Income tax expense	(70,229)	(50,269)		(191,412)	(127,070)
Net income	(515,683)	(581,412)		(849,206)	(929,232)
Net Income (Loss) Attributable to Noncontrolling Interest	(63,878)	(59,932)		(153,906)	(139,405)
Net Income (Loss)	$ (451,805)	$ (521,480)		$ (695,300)	$ (789,827)
Basic net income per common share available to common stockholders of Live Nation	$ 1.72	$ 2.01		$ 2.21	$ 2.70
Diluted net income per common share available to common stockholders of Live Nation	$ 1.66	$ 1.93		$ 2.18	$ 2.66
Comprehensive income	$ 463,828	$ 534,401		$ 647,145	$ 1,031,550
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	63,878	59,932		153,906	139,405
Comprehensive income attributable to common stockholders of Live Nation	399,950	474,469		493,239	892,145
Other expense (income), net	(12,268)	19,251		(110,064)	24,235
Cash and cash equivalents	5,489,919			5,489,919				6,231,866
Deferred revenue	3,034,514			3,034,514				3,398,028
Total liabilities and equity	19,747,070			19,747,070				19,029,640
Increase (Decrease) in Accounts Receivable				(565,093)	(1,030,453)
Increase in accounts payable, accrued expenses and other liabilities				586,960	903,597
Decrease in deferred revenue				(288,566)	(142,593)
Net cash provided by operating activities				680,052	754,621
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect				(738,153)	335,168
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents	$ 5,500,803	5,955,362		$ 5,500,803	5,955,362			6,238,956		5,620,194
Previously Reported [Member]
Accounts receivable								2,069,054
Assets, Current								9,577,754
Total assets								19,074,045
Accrued expenses								3,006,281
Total current liabilities								9,959,903
Redeemable noncontrolling interests								893,709
Total Live Nation stockholders' equity								(17,148)
Total equity								587,157
Revenue		8,152,019			16,910,132
Direct Operating Costs		6,330,465			12,610,832
Operating Income (Loss)		618,532			1,147,679
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest		(596,555)			(1,037,572)
Income tax expense		(55,874)			(121,362)
Net income		(540,681)			(916,210)
Net Income (Loss) Attributable to Noncontrolling Interest		(57,186)			(142,202)
Net Income (Loss)		$ (483,495)			$ (774,008)
Basic net income per common share available to common stockholders of Live Nation		$ 1.85			$ 2.63
Diluted net income per common share available to common stockholders of Live Nation		$ 1.78			$ 2.59
Comprehensive income		$ 493,670			$ 1,018,528
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest		57,186			142,202
Comprehensive income attributable to common stockholders of Live Nation		436,484			876,326
Total liabilities and equity								19,074,045
Increase (Decrease) in Accounts Receivable					1,014,739
Increase in accounts payable, accrued expenses and other liabilities					916,619
Decrease in deferred revenue					(150,487)
Net cash provided by operating activities					762,441
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect					342,988
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents										5,612,374
Revision of Prior Period, Error Correction, Adjustment
Accounts receivable								(44,405)
Assets, Current								(44,405)
Total assets								(44,405)
Accrued expenses								24,531
Total current liabilities								24,531
Redeemable noncontrolling interests								(33,779)
Total Live Nation stockholders' equity								(35,157)
Total equity								(35,157)
Revenue		2,544			(2,496)
Direct Operating Costs		(32,582)			(21,226)
Operating Income (Loss)		35,126			18,730
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest		(35,126)			(18,730)
Income tax expense		5,605			(5,708)
Net income		(40,731)			(13,022)
Net Income (Loss) Attributable to Noncontrolling Interest		(2,746)			2,797
Net Income (Loss)		$ (37,985)			$ (15,819)
Basic net income per common share available to common stockholders of Live Nation		$ 0.16			$ 0.07
Diluted net income per common share available to common stockholders of Live Nation		$ 0.15			$ 0.07
Comprehensive income		$ 40,731			$ 13,022
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest		2,746			(2,797)
Comprehensive income attributable to common stockholders of Live Nation		$ 37,985			15,819
Total liabilities and equity								$ (44,405)
Increase (Decrease) in Accounts Receivable					15,714
Increase in accounts payable, accrued expenses and other liabilities					(13,022)
Decrease in deferred revenue					7,894
Net cash provided by operating activities					(7,820)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect					$ (7,820)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents										$ 7,820
[1] Prior period revenue was restated as further discussed in Note 9 – Correction of Errors in Previously Reported Consolidated Financial Statements. For the three and nine months ended September 30, 2023, the restatement decreased our Concerts segment revenue by $2.5 million and $2.5 million, respectively. For the three months ended September 30, 2023, the restatement increased our Ticketing segment revenue by $5.0 million.