Live Nation Entertainment (LYV) 10-K 20 Feb 25 2024 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2024	Feb. 13, 2025	Jun. 30, 2024
Document and Entity Information [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 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	FY
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 Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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 Public Float			$ 14.8
Entity Common Stock, Shares Outstanding		233,401,156
ICFR Auditor Attestation Flag	true
Documents Incorporated by Reference	Portions of our Definitive Proxy Statement for the 2025 Annual Meeting of Stockholders, expected to be filed within 120 days of our fiscal year end, are incorporated by reference into Part III.
Document Financial Statement Error Correction [Flag]	true
Document Financial Statement Restatement Recovery Analysis [Flag]	true

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024
Auditor [Line Items]
Auditor Name	Ernst & Young LLP
Auditor Location	Los Angeles, California
Auditor Firm ID	42

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 6,095,424,000	$ 6,231,866,000
Accounts receivable, less allowance of $72,663 and $82,350, respectively	1,747,316,000	2,024,649,000
Prepaid expenses	1,247,184,000	1,147,581,000
Restricted cash	10,685,000	7,090,000
Other current assets	189,528,000	122,163,000
Total current assets	9,290,137,000	9,533,349,000
Property, plant and equipment, net	2,441,872,000	2,101,463,000
Operating lease assets	1,618,033,000	1,606,389,000
Intangible assets
Definite-lived intangible assets, net	985,812,000	1,161,621,000
Indefinite-lived intangible assets, net	380,558,000	377,349,000
Goodwill	2,620,911,000	2,691,466,000
Long-term advances	520,482,000	623,154,000
Other long-term assets	1,780,966,000	934,849,000
Total assets	19,638,771,000	19,029,640,000
Current liabilities
Accounts payable, client accounts	1,859,678,000	1,866,864,000
Accounts payable	242,978,000	267,493,000
Accrued expenses	3,057,334,000	3,030,812,000
Deferred revenue	3,721,092,000	3,398,028,000
Current portion of long-term debt, net	260,901,000	1,134,386,000
Current portion of operating lease liabilities	153,406,000	158,421,000
Other current liabilities	62,890,000	128,430,000
Total current liabilities	9,358,279,000	9,984,434,000
Long-term debt, net	6,177,168,000	5,459,026,000
Operating Lease, Liability, Noncurrent	1,680,266,000	1,686,091,000
Long-term deferred income taxes	140,151,000	324,698,000
Other long-term liabilities	477,763,000	488,159,000
Commitments and contingent liabilities
Redeemable noncontrolling interests	1,126,302,000	859,930,000
Stockholders' equity
Common stock, $0.01 par value; 450,000,000 shares authorized; 234,771,759 and 233,711,176 shares issued and 234,363,735 and 233,303,152 shares outstanding in 2024 and 2023, respectively	2,313,000	2,298,000
Additional paid-in capital	2,059,746,000	2,367,918,000
Accumulated deficit	(1,546,819,000)	(2,443,106,000)
Cost of shares held in treasury	(6,865,000)	(6,865,000)
Accumulated other comprehensive income (loss)	(335,112,000)	27,450,000
Total Live Nation stockholders' equity	173,263,000	(52,305,000)
Noncontrolling interests	645,730,000	604,305,000
Total equity	818,993,000	552,000,000
Total liabilities and equity	19,638,771,000	19,029,640,000
Series A Preferred Stock [Member]
Stockholders' equity
Preferred stock—Series A Junior Participating, $0.01 par value; 20,000,000 shares authorized; no shares issued and outstanding	0	0
Preferred stock, $0.01 par value; 30,000,000 shares authorized; no shares issued and outstanding	0	0
Preferred Stock [Member]
Stockholders' equity
Preferred stock—Series A Junior Participating, $0.01 par value; 20,000,000 shares authorized; no shares issued and outstanding	0	0
Preferred stock, $0.01 par value; 30,000,000 shares authorized; no shares issued and outstanding	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (PA

CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets
Allowance for doubtful accounts	$ 72,663	$ 82,350
Common stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	450,000,000	450,000,000
Common stock, shares issued	234,771,759	233,711,176
Common stock, shares outstanding	234,363,735	233,303,152
Accrued expenses	$ 3,057,334	$ 3,030,812
Series A Preferred Stock [Member]
Preferred stock
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Preferred Stock [Member]
Preferred stock
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	30,000,000	30,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

CONSOLIDATED STATEMENT OF OPERA

CONSOLIDATED STATEMENT OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023		Dec. 31, 2022
Income Statement [Abstract]
Revenues	$ 23,155,625	$ 22,726,317	[1]	$ 16,681,254
Operating expenses:
Direct operating expenses	17,328,154	17,250,530		12,347,611
Selling, general and administrative expenses	4,096,424	3,557,167		2,955,884
Depreciation and amortization	549,923	516,797		449,976
Gain (Loss) on Disposition of Other Assets	11,015	13,927		32,082
Corporate expenses	367,629	330,817		237,834
Operating income	824,510	1,084,933	[2]	722,031	[2]
Interest expense	325,974	350,244		278,483
Loss on extinguishment of debt	2,563	18,504		0
Interest income	(156,254)	(237,818)		(77,620)
Equity in losses (earnings) of nonconsolidated affiliates	16,675	5,455		(10,571)
Other expense (income), net	(103,874)	35,274		41,215
Income before income taxes	739,426	913,274		490,524
Income tax expense (benefit)	(391,698)	209,476		115,941
Net income	1,131,124	703,798		374,583
Net income attributable to noncontrolling interests	234,837	146,905		108,143
Net income attributable to common stockholders of Live Nation	$ 896,287	$ 556,893		$ 266,440
Earnings Per Share, Basic	$ 2.77	$ 1.35		$ 0.53
Earnings Per Share, Diluted	$ 2.74	$ 1.34		$ 0.52
Weighted average common shares outstanding:
Weighted average common shares—basic	230,124,255	228,628,390		224,809,558
Weighted average common shares—diluted	236,352,449	230,977,326		231,556,866
Reconciliation to net income available to common stockholders of Live Nation:
Net income attributable to common stockholders of Live Nation	$ 896,287	$ 556,893		$ 266,440
Accretion of redeemable noncontrolling interests	(258,076)	(247,438)		(146,770)
Net income available to common stockholders of Live Nation—basic	638,211	309,455		119,670
Convertible debt interest, net of tax	9,187	0		0
Net income available to common stockholders of Live Nation—diluted	$ 647,398	$ 309,455		$ 119,670
[1] Prior period revenue was revised as further discussed in Note 2 – Correction of Errors in Previously Reported Consolidated Financial Statements. For the year ended December 31, 2023, the revision decreased our Concerts segment revenue by $22.8 million. For the years ended December 31, 2023 and December 31, 2022, the revision increased our AOI and operating income by $18.7 million for 2023 and decreased our AOI and operating income by $10.1 million for 2022, respectively. See further discussion in Note 2 – Correction of Errors in Previously Reported Consolidated Financial Statements.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 376,228	$ (42,705)	$ 315,252	$ 32,568	$ 333,523	$ 347,820	$ 1,131,124	$ 703,798	$ 374,583
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Unrealized gain (loss) on cash flow hedge							(10,529)	(5,225)	(49,529)
Realized loss (gain) on cash flow hedge							(18,361)	(17,158)	312
Foreign currency translation adjustments							(354,730)	129,459	12,883
Comprehensive income	217,654	(34,337)	391,930	105,219	183,317	497,149	768,562	821,324	437,307
Comprehensive income attributable to noncontrolling interests	78,258	11,770	45,232	34,241	90,028	79,473	234,837	146,905	108,143
Comprehensive income attributable to common stockholders of Live Nation	$ 139,396	$ (46,107)	$ 346,698	$ 70,978	$ 93,289	$ 417,676	$ 533,725	$ 674,419	$ 329,164

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Accumulated Deficit [Member]	Accumulated Deficit [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Treasury Stock, Common	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Redeemable Noncontrolling Interests [Member]
Balances (in shares) at Dec. 31, 2021			221,964,734
Balances at Dec. 31, 2021	$ (192,514)	$ (35,464)	$ 2,220	$ 2,897,695	$ (95,986)	$ (3,326,961)	$ 60,522	$ (6,865)	$ (152,800)	$ 394,197
Equity [Roll Forward]
Non-cash and stock-based compensation	223,136			223,136
Common stock issued under stock plans, net of shares withheld for employee taxes			2,598,569
Common stock issued under stock plans, net of shares withheld for employee taxes	(120,498)		$ 26	(120,524)
Exercise of stock options (in shares)			3,934,799
Exercise of stock options	5,922		$ 39	5,883
Acquisitions	6,846									6,846
Purchases of noncontrolling interests	(72,379)			(64,601)						(7,778)
Sales of noncontrolling interests	(336)			0						(336)
Redeemable noncontrolling interests fair value adjustments	(147,323)			(147,323)
Contributions received	17,400									17,400
Cash distributions	(79,887)									(79,887)
Other	(30,616)			(36)						(30,580)
Other Comprehensive Income (Loss) [Abstract]
Net income (loss)	366,784					266,440				100,344
Unrealized gain on cash flow hedge	49,529								49,529
Realized loss (gain) on cash flow hedge	312
Foreign currency translation adjustments	12,883								12,883
Balances at Dec. 31, 2022	65,027		$ 2,285	2,698,316		(2,999,999)		(6,865)	(90,076)	461,366
Balances (in shares) at Dec. 31, 2022			228,498,102
Balances at Dec. 31, 2021											$ 547,338
Redeemable Noncontrolling Interests [Roll Forward]
Acquisitions											30,532
Purchase of noncontrolling interests											(5,848)
Sales of Noncontrolling Interest											0
Redeemable noncontrolling interests fair value adjustments											147,230
Contributions received											25
Cash distributions											(20,773)
Other											(46,184)
Comprehensive income (loss):
Net income (loss)											7,799
Balances at Dec. 31, 2022											660,119
Equity [Roll Forward]
Non-cash and stock-based compensation	110,021			110,021
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period			58
Common stock issued under stock plans, net of shares withheld for employee taxes			239,765
Common stock issued under stock plans, net of shares withheld for employee taxes	(9,484)		$ 2	(9,486)
Exercise of stock options (in shares)			890,566
Exercise of stock options	19,264		$ 9	19,255
Stock Issued During Period, Value, New Issues			$ 2
Shares issued in connection with the conversion of convertible debt			156,750
Adjustments to Additional Paid in Capital, Other	27,325			(27,327)
Capped call transactions for 3.125% convertible senior notes due 2029	(75,500)			(75,500)
Acquisitions	129,700									129,700
Purchases of noncontrolling interests	(136,489)			(100,940)						(35,549)
Redeemable noncontrolling interests fair value adjustments	(246,421)			(246,421)
Contributions received	17,517									17,517
Cash distributions	(163,301)									(163,301)
Other	(71,800)			0						(71,800)
Other Comprehensive Income (Loss) [Abstract]
Net income (loss)	679,665					556,893				122,772
Unrealized gain on cash flow hedge	5,225								5,225
Realized loss (gain) on cash flow hedge	(17,158)
Foreign currency translation adjustments	129,459
Balances at Dec. 31, 2023	$ 552,000		$ 2,298	2,367,918		(2,443,106)		(6,865)	27,450	604,305
Balances (in shares) at Dec. 31, 2023	229,785,241		229,785,241
Redeemable Noncontrolling Interests [Roll Forward]
Acquisitions											47,375
Purchase of noncontrolling interests											(11,402)
Redeemable noncontrolling interests fair value adjustments											246,421
Contributions received											85
Cash distributions											(76,318)
Other											(30,483)
Comprehensive income (loss):
Net income (loss)											24,133
Balances at Dec. 31, 2023	$ 859,930										859,930
Equity [Roll Forward]
Non-cash and stock-based compensation	109,986			109,986
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period			0
Common stock issued under stock plans, net of shares withheld for employee taxes			658,278
Common stock issued under stock plans, net of shares withheld for employee taxes	(59,756)		$ 7	(59,763)
Exercise of stock options (in shares)			852,097
Exercise of stock options	26,052		$ 8	26,044
Shares issued in connection with the conversion of convertible debt			0
Stock Issued During Period, Value, Conversion of Convertible Securities	0
Adjustments to Additional Paid in Capital, Other	(94,033)			(94,033)
Acquisitions	56,295									56,295
Purchases of noncontrolling interests	(45,015)			(30,049)						(14,966)
Redeemable noncontrolling interests fair value adjustments	(260,357)			(260,357)
Contributions received	3,000									3,000
Cash distributions	(167,948)									(167,948)
Other	4,182			0						4,182
Stock Issued During Period, Shares, Other			23
Other Comprehensive Income (Loss) [Abstract]
Net income (loss)	1,065,513					896,287				169,226
Unrealized gain on cash flow hedge	10,529								10,529
Realized loss (gain) on cash flow hedge	(18,361)								(18,361)
Foreign currency translation adjustments	(354,730)								(354,730)	0	0
Balances at Dec. 31, 2024	$ 818,993		$ 2,313	$ 2,059,746		$ (1,546,819)		$ (6,865)	$ (335,112)	$ 645,730
Balances (in shares) at Dec. 31, 2024	231,295,639		231,295,639
Redeemable Noncontrolling Interests [Roll Forward]
Acquisitions											45,357
Purchase of noncontrolling interests											(32,296)
Redeemable noncontrolling interests fair value adjustments											261,416
Contributions received											0
Cash distributions											(77,632)
Other											3,916
Comprehensive income (loss):
Net income (loss)											65,611
Balances at Dec. 31, 2024	$ 1,126,302										$ 1,126,302

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 1,131,124	$ 703,798	$ 374,583
Reconciling items:
Depreciation	300,003	266,590	225,770
Amortization of definite-lived intangibles and indefinite-lived intangibles impairment loss	249,920	250,207	224,206
Amortization of non-recoupable ticketing contract advances	88,717	83,693	79,043
Deferred income taxes	(708,570)	(44,018)	7,199
Amortization of debt issuance costs and discounts	17,794	16,884	16,448
Provision for uncollectible accounts and loans receivable	1,002	78,336	68,612
Loss on extinguishment of debt	(2,563)	(18,504)	0
Stock-based compensation expense	110,348	115,959	110,049
Unrealized changes in fair value of contingent consideration	(21,721)	40,151	56,704
Equity in losses of nonconsolidated affiliates, net of distributions	32,371	30,522	14,912
Gain on mark-to-market of investments in nonconsolidated affiliates	102,929	47,878	22,638
(Gain) loss on forward currency exchange contracts	(15,393)	5,635	927
Other, net	(11,159)	(18,123)	3,785
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
Decrease (increase) in accounts receivable	181,430	(525,739)	(444,503)
Increase in prepaid expenses and other assets	(22,192)	(202,834)	(267,945)
Increase in accounts payable, accrued expenses and other liabilities	13,782	450,370	1,028,172
Increase in deferred revenue	478,085	140,917	359,723
Net cash provided by operating activities	1,725,175	1,362,974	1,835,047
CASH FLOWS FROM INVESTING ACTIVITIES
Advances of notes receivable	(119,213)	(181,801)	(115,992)
Collections of notes receivable	52,303	17,057	20,527
Investments made in nonconsolidated affiliates	(45,683)	(54,922)	(91,186)
Purchases of property, plant and equipment	(646,634)	(438,604)	(347,206)
Payments to Acquire Buildings	20,000	0	0
Cash paid for acquisitions, net of cash acquired	(98,307)	(17,534)	(257,191)
Purchases of intangible assets	(8,522)	(36,653)	(6,080)
Proceeds from sale of investments in nonconsolidated affiliates	19,594	1,524	3,863
Other, net	12,181	15,128	8,574
Net cash used in investing activities	(854,281)	(695,805)	(784,691)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from long-term debt, net of debt issuance costs	1,671,842	1,061,026	122,251
Payments of long-term debt including extinguishment costs	(1,959,725)	(730,643)	(45,792)
Contributions from noncontrolling interests	3,000	19,602	15,021
Distributions to noncontrolling interests	(245,580)	(239,619)	(100,660)
Purchases and sales of noncontrolling interest, net	(69,935)	(113,768)	(48,306)
Payments for capped call transactions	0	(75,500)	0
Proceeds from exercise of stock options	26,052	19,264	35,775
Taxes paid for net share settlement of equity awards	(59,756)	(9,484)	(76,925)
Payments for deferred and contingent consideration	(23,733)	(17,757)	(44,220)
Other, net	(715)	(402)	(484)
Net cash used in financing activities	(658,550)	(87,281)	(143,340)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(345,191)	38,874	(174,614)
Net (decrease) increase in cash, cash equivalents and restricted cash	(132,847)	618,762	732,402
Cash, cash equivalents and restricted cash at beginning of period	6,238,956	5,620,194	4,887,792
Cash, cash equivalents and restricted cash at end of period	6,106,109	6,238,956	5,620,194
Cash paid during the year for:
Interest, net of interest income	131,234	57,367	180,878
Income taxes, net of refunds	$ 253,652	$ 175,148	$ 43,859

THE COMPANY AND SUMMARY OF SIGN

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES History Live Nation was incorporated in Delaware on August 2, 2005 in preparation for the contribution and transfer by Clear Channel Communications, Inc. of substantially all of its entertainment assets and liabilities to us. We completed this separation on December 21, 2005 and became a publicly traded company on the New York Stock Exchange trading under the symbol “LYV.” On January 25, 2010, we merged with Ticketmaster Entertainment LLC and it became a wholly-owned subsidiary of Live Nation. Effective with the merger, Live Nation, Inc. changed its name to Live Nation Entertainment, Inc. 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 promoters’ 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. Basis of Presentation and Principles of Consolidation Our consolidated financial statements include all of our accounts, including our majority owned and controlled subsidiaries and VIEs for which we are the primary beneficiary. Intercompany accounts among the consolidated businesses have been eliminated in consolidation. Net income (loss) attributable to noncontrolling interests is reflected in the statements of operations. Typically, we consolidate entities in which we own more than 50% of the voting common stock and control operations and also VIEs for which we are the primary beneficiary. Investments in nonconsolidated affiliates in which we own more than 20% of the voting common stock or otherwise exercise significant influence over operating and financial policies but not control of the nonconsolidated affiliate are accounted for using the equity method of accounting. Investments in nonconsolidated affiliates in which we own less than 20% of the voting common stock and do not exercise significant influence over operating and financial policies are accounted for at fair value unless the investment does not have a readily determinable fair value in which case the investment is accounted for at cost less any impairment. All of our cash flow activity reflected on the consolidated statements of cash flows is presented net of any non-cash transactions so the amounts reflected may be different than amounts shown in other places in our consolidated financial statements that are based on accrual accounting and therefore include non-cash amounts. For example, purchases of property, plant and equipment reflected on the consolidated statements of cash flows reflect the amount of cash paid during the year for these purchases and does not include the impact of the changes in accrued expenses related to capital expenditures during the year. 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 December 31, 2024 and 2023, excluding intercompany balances and allocated goodwill and intangible assets, there were approximately $840 million and $940 million of assets and $578 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. Nonconsolidated Affiliates In general, nonconsolidated investments in which we own more than 20% of the common stock or otherwise exercise significant influence over an affiliate are accounted for under the equity method. We review the value of equity method investments and record impairment charges in the statements of operations for any decline in value that is determined to be other-than-temporary. If we obtain control of a nonconsolidated affiliate through the purchase of additional ownership interest or changes in the governing agreements, we remeasure our investment to fair value first and then apply the accounting guidance for business combinations. Any gain or loss resulting from the remeasurement to fair value is recorded as a component of other expense (income), net in the statements of operations. Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents include all highly liquid investments with an original maturity of three months or less. Our cash and cash equivalents include domestic and foreign bank accounts as well as interest-bearing accounts consisting primarily of bank deposits and money market accounts managed by third-party financial institutions. These balances are stated at cost, which approximates fair value. Restricted cash primarily consists of cash held in escrow accounts to fund capital improvements of certain leased or operated venues. The cash is held in these accounts pursuant to the related lease or operating agreement. Included in the December 31, 2024 and 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. Cash held in interest-bearing operating accounts in many cases exceeds the Federal Deposit Insurance Corporation insurance limits. To reduce our credit risk, we monitor the credit standing of the financial institutions that hold our cash and cash equivalents; however, these balances could be impacted in the future if the underlying financial institutions fail. To date, we have experienced no loss of or lack of access to our cash or cash equivalents; however, we can provide no assurances that access to our cash and cash equivalents will not be impacted in the future by adverse conditions in the financial markets. Allowance for Doubtful Accounts We evaluate the collectability of our accounts receivable based on a combination of factors. Generally, we record reserves based on the amount of cash we expect to receive when an account receivable balance is established. Our reserve estimate is primarily based on our historical accounts receivable write-offs. We adjust the historical reserve estimate applied to current accounts receivable when events or circumstances change, such as changes in current economic conditions or there is a significant deterioration in our accounts receivable aging, indicating that the reserve estimate may be insufficient to cover the expected loss. We generally apply a portfolio approach to all of our accounts receivable based on reporting unit unless there are facts and circumstances that indicate a specific group of customers is at greater risk of nonpayment. We believe that the credit risk with respect to trade receivables is limited due to the large number and the geographic diversification of our customers. Prepaid Expenses The majority of our prepaid expenses relate to event expenses including show advances and deposits and other costs directly related to future concert events. For advances that are expected to be recouped over a period of more than twelve months, the long-term portion of the advance is classified as long-term advances. These prepaid costs are charged to operations upon completion of the related events. Ticketing contract advances, which can be either recoupable or non-recoupable, represent amounts paid in advance to our clients pursuant to ticketing agreements and are reflected in prepaid expenses or in long-term advances if the amount is expected to be recouped or recognized over a period of more than twelve months. Recoupable ticketing contract advances are generally recoupable against future royalties earned by our clients, based on the contract terms, over the life of the contract. Non-recoupable ticketing contract advances, excluding those amounts paid to support clients’ advertising costs, are fixed additional incentives occasionally paid by us to secure the contract with certain clients and are typically amortized over the life of the contract on a straight-line basis. Artist advances and ticketing contract advances are reviewed for recoverability whenever circumstances change, such as extended delays in an artist’s touring cycle, a decline in an artist’s tour earnings, lack of events on sale for a ticketing client or a decline in a client’s ticket sales, indicating that the advance may not be recoupable over the term of the agreement. We review various factors, including past recoupment amounts, timing of an artist’s last tour, expectations of future tours, ticketing clients’ historical ticket sales and expectations of clients’ future ticket sales, to determine if we believe the advance will recoup as expected. If an advance is not expected to be fully recoupable, a reserve is established to reduce the advance to the amount we expect to recoup. The reserves are recorded as a component of direct operating expenses in our consolidated statements of operations. Business Combinations During 2024, 2023 and 2022, we completed several acquisitions that were accounted for as business combinations under the acquisition method of accounting. When we make these acquisitions, we often acquire a controlling interest without buying 100% of the business. These acquisitions and the related results of operations were not significant on either an individual basis or in the aggregate for the years ended December 31, 2024, 2023 and 2022. We account for our business combinations under the acquisition method of accounting. Identifiable assets acquired, liabilities assumed and any noncontrolling interest in the acquiree are recognized and measured as of the acquisition date at fair value. Additionally, any contingent consideration is recorded at fair value on the acquisition date and classified as a liability. Goodwill is recognized to the extent by which the aggregate of the acquisition-date fair value of the consideration transferred and any noncontrolling interest in the acquiree exceeds the recognized basis of the identifiable assets acquired, net of assumed liabilities. Determining the fair value of assets acquired, liabilities assumed and noncontrolling interests requires management’s judgment and often involves the use of significant estimates and assumptions, including assumptions with respect to future cash flows, discount rates and asset lives among other items. In addition, when we have acquisitions where substantially all of the fair value of assets acquired is concentrated in a single asset or group of similar assets, we account for the acquisitions as asset acquisitions. Property, Plant and Equipment Property, plant and equipment are stated at cost or fair value at the date of acquisition. Depreciation is computed using the straight-line method over their estimated useful lives, which are typically as follows: Buildings and improvements - 10 to 50 years Computer equipment and capitalized software - 3 to 10 years Furniture and other equipment - 3 to 10 years Leasehold improvements are depreciated over the shorter of the economic life or associated lease term. Expenditures for maintenance and repairs are charged to operations as incurred, whereas expenditures for asset renewal and improvements are capitalized. There is no depreciation expense included in direct operating expenses, selling, general and administrative expenses or corporate expenses. Our depreciation expense is presented as a separate line item, with amortization expense, in the statements of operations. We test for possible impairment of property, plant and equipment whenever events or circumstances change, such as a current period operating cash flow loss combined with a history of, or projections of, operating cash flow losses or a significant adverse change in the manner in which the asset is intended to be used, which could indicate that the carrying amount of the asset may not be recoverable. If indicators exist, we compare the estimated undiscounted future cash flows related to the asset to the carrying value of the asset. If the carrying value is greater than the estimated undiscounted future cash flow amount, an impairment charge is recorded based on the difference between the fair value and the carrying value. Any such impairment charge is recorded in depreciation and amortization in the statements of operations. The impairment loss calculations require management to apply judgment in estimating future cash flows and the discount rates that reflect the risk inherent in future cash flows. Intangible Assets We classify intangible assets as definite-lived or indefinite-lived. Definite-lived intangibles include revenue-generating contracts, client/vendor relationships, trademarks and naming rights, technology, non-compete agreements, and venue management and leasehold agreements, all of which are amortized either on a straight-line basis over the respective lives of the agreements, typically 3 to 10 years, or on a basis more representative of the time pattern over which the benefit is derived. We periodically review the appropriateness of the amortization periods related to our definite-lived intangible assets. These assets are stated at cost or fair value at the date of acquisition. Indefinite-lived intangibles consist of trade names and cryptocurrency assets which are not subject to amortization. Our amortization expense is presented as a separate line item, with depreciation expense, in the statements of operations. There is no amortization expense included in direct operating expenses, selling, general and administrative expenses or corporate expenses. We test for possible impairment of definite-lived intangible assets whenever events or circumstances change, such as a current period operating cash flow loss combined with a history of, or projections of, operating cash flow losses or a significant adverse change in the manner in which the asset is intended to be used, which could indicate that the carrying amount of the asset may not be recoverable. If indicators exist, we compare the estimated undiscounted future cash flows related to the asset to the carrying value of the asset. If the carrying value is greater than the estimated undiscounted future cash flow amount, an impairment charge is recorded based on the difference between the fair value and the carrying value. Any such impairment charge is recorded in depreciation and amortization in the statements of operations. For the years ended December 31, 2024, 2023 and 2022, there were no significant impairment charges. We test for possible impairment of indefinite-lived intangible assets at least annually. Depending on facts and circumstances, qualitative factors may first be assessed to determine whether the existence of events and circumstances indicate that it is more likely than not that an indefinite-lived intangible asset is impaired. If it is concluded that it is more likely than not impaired, we perform a quantitative impairment test by comparing the fair value with the carrying amount. When specific assets are determined to be impaired, the cost basis of the asset is reduced to reflect the current fair value. Any such impairment charge is recorded in depreciation and amortization in the statements of operations. The impairment loss calculations require management to apply judgment in estimating future cash flows, expected future revenue, discount rates and royalty rates that reflect the risk inherent in future cash flows. For the years ended December 31, 2024, 2023 and 2022, there were no significant impairment charges. Goodwill We review goodwill for impairment annually, as of October 1, using a two-step process. We also test goodwill for impairment in other periods if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount or when we change our reporting units. The first step is a qualitative evaluation as to whether it is more likely than not that the fair value of any of our reporting units is less than its carrying value using an assessment of relevant events and circumstances. Examples of such events and circumstances include historical financial performance, industry and market conditions, macroeconomic conditions, reporting unit-specific events, historical results of goodwill impairment testing and the timing of the last performance of a quantitative assessment. We also considered changes in discount rates, market multiples, carrying values and forecast since the last quantitative test. If any reporting units are concluded to be more likely than not impaired, or if that conclusion cannot be determined qualitatively, a second step is performed for that reporting unit utilizing a quantitative approach. For the year ended December 31, 2024, as part of a refresh of the fair values of reporting units, as of July 1, 2024, three of our reporting units were assessed under quantitative analysis to support future qualitative evaluation. As of October 1, as required by our policy to perform goodwill tests annually as of October 1, 2024 these three reporting units were also assessed under the initial qualitative evaluation and did not advance to the quantitative analysis. As of October 1, 2024, the remaining three reporting units with goodwill were assessed under quantitative analysis to support future qualitative evaluation. All of our reporting units assessed under the quantitative analysis primarily used a discounted cash flows methodology, with a lesser weighting attributed to the market multiple approach. The discounted cash flows methodology estimates fair value by discounting the reporting unit’s estimated future cash flows using a weighted-average cost of capital that reflects current market conditions and the risk profile of the reporting unit. Under the market multiple approach, the estimated fair value of the reporting unit was estimated by applying market multiples derived from stock prices of companies that are engaged in the same or similar lines of business as the reporting unit and that are actively traded on a free and open market. The derived multiples are then applied to the reporting unit’s financial metrics. For the year ended December 31, 2023, as part of our annual test for impairment, one of our reporting units, which accounted for approximately 12% of our goodwill at December 31, 2023, was assessed under the quantitative analysis. The remaining reporting units with goodwill were assessed under the initial qualitative evaluation and did not advance to the quantitative analysis. For the year ended December 31, 2022, as part of our annual test for impairment, all of our reporting units with goodwill were assessed under the initial qualitative evaluation and did not advance to the quantitative analysis. No impairment charges were recorded for the years ended December 31, 2024, 2023 and 2022. Leases We lease office space, many of our concert venues, festival sites and certain equipment. We record a lease asset and liability on our consolidated balance sheets at the inception of the lease or when we take possession of the leased space or equipment, if later, based on the required payments over the term of the lease. We do not recognize a lease asset or liability for leases with an initial term of twelve months or less, including multi-year festival site leases where the sum of the non-consecutive periods of rental time is less than twelve months. Rent expense for these short-term leases is generally recognized on a straight-line basis over the lease term. Some of our lease agreements contain annual rental escalation clauses, as well as provisions for us to pay the related utilities and maintenance. We have elected to account for the lease components (i.e., fixed payments including rent and parking) and non-lease components (i.e., common-area maintenance costs) as a single lease component. Many of our lease agreements contain renewal options that can extend the lease for additional terms typically ranging from one In addition to fixed rental payments, many of our leases contain contingent rental payments based on a percentage of revenue, tickets sold or other variables, while others include periodic adjustments to rental payments based on the prevailing inflationary index or market rental rates. Contingent rent obligations are not included in the initial measurement of the lease asset or liability and are recognized as rent expense in the period that the contingency is resolved. Our leases do not contain any material residual value guarantees or restrictive covenants. We measure our lease assets and liabilities using an incremental borrowing rate which varies from lease to lease depending on geographical location and length of the lease. Accounts Payable, Client Accounts Accounts payable, client accounts consists of contractual amounts due to our ticketing clients which includes the face value of tickets sold and the clients’ share of service charges. Income Taxes We account for income taxes using the liability method which results in deferred tax assets and liabilities based on differences between financial reporting bases and tax bases of assets and liabilities and are measured using the enacted tax rates expected to apply to taxable income in the periods in which the deferred tax asset or liability is expected to be realized or settled. We assess the realizability of our deferred tax assets, considering all relevant factors, at each reporting period. As almost all earnings from our continuing foreign operations are permanently reinvested and not distributed, our income tax provision does not include additional United States state and foreign withholding or transaction taxes on those foreign earnings that would be incurred if they were distributed. It is not practicable to determine the amount of state and foreign income taxes, if any, that might become due in the event that any remaining available cash associated with these earnings were distributed. The FASB guidance for income taxes prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The amount recognized is measured as the largest amount of benefit that is more likely than not to be realized upon ultimate settlement. We have established a policy of including interest related to tax loss contingencies in income tax expense (benefit) in the statements of operations. We treat the taxes due on future Global Intangible Low-Taxed Income (“GILTI”) inclusions in United States taxable income as a current-period expense when incurred. Revenue Recognition Revenue from the promotion or production of an event in our Concerts segment is recognized when the event occurs. Consideration collected in advance of the event is recorded as deferred revenue until the event occurs. Revenue collected from sponsorship agreements, which is not related to a single event, is classified as deferred revenue and recognized over the term of the agreement or operating season as the benefits are provided to the sponsor. Revenue from our ticketing operations primarily consists of service fees charged at the time a ticket for an event is sold in either the primary or secondary markets. For primary tickets sold to our concert and festival events, where our concert promoters control ticketing, the revenue for the associated ticket service charges collected in advance of the event is recorded as deferred revenue until the event occurs and these service charges are shared between our Ticketing and Concerts segments. For primary tickets sold for events of third-party clients and secondary market sales, the revenue is recognized at the time of the sale and is recorded by our Ticketing segment. Amortization of nonrecoupable ticketing contract advances is recorded as a reduction to revenue. We account for taxes that are externally imposed on revenue producing transactions on a net basis. Gross versus Net Revenue Recognition We report revenue on a gross or net basis based on management’s assessment of whether we act as a principal or agent in the transaction. To the extent we act as the principal, revenue is reported on a gross basis. The determination of whether we act as a principal or an agent in a transaction is based on an evaluation of whether we have control of the good or service before it is transferred to the customer. Our Ticketing segment’s revenue, which primarily consists of service fees from its ticketing operations, is recorded net of the face value of the ticket as we generally act as an agent in these transactions. Business Interruption Insurance Recovery We record revenue or offset expense for covered business interruptions in the period we determine it is probable we will be compensated for the costs incurred or the applicable contingencies with the insurance company are resolved for lost revenue. This may result in business interruption insurance recoveries being recorded in a period subsequent to the period we experience lost revenue and/or incurred the expenses from a covered event that are being reimbursed. For the years ended December 31, 2024, 2023 and 2022, we recorded business interruption insurance recoveries of $51.3 million, $41.5 million and $38.8 million, respectively. The recoveries were for a variety of claims and primarily recorded as revenue. Foreign Currency Results of operations for foreign subsidiaries and foreign equity investees are translated into United States dollars using the average exchange rates during the year. The assets and liabilities of those subsidiaries and investees are translated into United States dollars using the exchange rates at the balance sheet date. The related translation adjustments are recorded in a separate component of stockholders’ equity in AOCI. Foreign currency transaction gains and losses are included in the statements of operations and include the impact of revaluation of certain foreign currency denominated net assets or liabilities held internationally. For the year ended December 31, 2024, we recorded net foreign currency transaction gains of $14.7 million. For the years ended December 31, 2023 and December 31, 2022 , we recorded net foreign currency transaction los ses of $74.5 million and $55.8 million, respectively. Advertising Expense We record advertising expense in the year that it is incurred. Throughout the year, general advertising expenses are recognized as they are incurred, but event-related advertising for concerts is recognized once the event occurs. If an event is rescheduled into the following year, the advertising costs are expensed in the period the event is rescheduled. However, all advertising costs incurred during the year and not previously recognized are expensed at the end of the year. Advertising expenses of $750.9 million, $706.2 million and $588.0 million for the years ended December 31, 2024, 2023 and 2022, respectively, were recorded as a component of direct operating expenses. Advertising expenses of $54.6 million, $47.7 million and $32.0 million for the years ended December 31, 2024, 2023 and 2022, respectively, were recorded as a component of selling, general and administrative expenses. Direct Operating Expenses Direct operating expenses include artist fees, event-related marketing and advertising expenses, rent expense for events in third-party venues, credit card fees, telecommunication and data communication costs associated with our call centers, commissions paid on tickets distributed through independent sales outlets away from the box office, and salaries and wages related to seasonal employees at our venues along with other costs, including ticket stock and shipping. These costs are primarily variable in nature. Selling, General and Administrative Expenses Selling, general and administrative expenses include salaries and other compensation costs related to full-time employees, fixed rent, travel and entertainment, legal expenses and consulting along with other costs. Litigation Accruals We are currently involved in certain legal proceedings and, as required, have accrued our estimate of the probable costs for the resolution of these claims. Management’s estimates used have been developed in consultation with counsel and are based upon an analysis of potential results, 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. Non-cash and Stock-based Compensation We follow the fair value recognition provisions in the FASB guidance for stock compensation. Stock-based compensation expense includes compensation expense for all share-based payments using the estimated grant date fair value. Stock-based compensation expense is adjusted for forfeitures as they occur. The fair value for options in Live Nation stock is estimated on the date of grant using the Black-Scholes option-pricing model. The fair value of the options is amortized to expense on a straight-line basis over the options’ vesting period. We use an expected volatility based on an even weighting of our own traded options and historical volatility. We use a weighted-average expected life based on historical experience calculated with the assistance of outside consultants. The risk-free rate for periods within the expected life of the option is based on the United States Treasury note rate. The fair value of restricted stock awards and deferred stock awards, which is generally the stock price on the date of grant, is amortized to expense on a straight-line basis over the vesting period except for restricted stock awards and deferred stock awards with minimum performance or market targets as their vesting condition. The performance-based awards are amortized to expense on a graded basis over the vesting period to the extent that it is probable that the performance criteria will be met. Market-based award fair values are est

CORRECTION OF ERRORS

CORRECTION OF ERRORS	12 Months Ended
	Dec. 31, 2024
Accounting Changes and Error Corrections [Abstract]
Error Correction	CORRECTION OF ERRORS IN PREVIOUSLY REPORTED CONSOLIDATED FINANCIAL STATEMENTS As previously disclosed in our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024, 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 years ended December 31, 2023 and December 31, 2022 related to the measurement of income tax expense for certain foreign subsidiaries statutory earnings. These errors were non-cash items that had no impact to our cash paid for income taxes. 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 unaudited consolidated statements of operations and comprehensive income (loss) for the three months ended March 31, 2024, June 30, 2023 and March 31, 2023, as well as for the six months ended June 30, 2024 and June 30, 2023 are presented in the tables below. There were no errors in our previously issued statements of cash flows that impacted net operating, investing and financing activities for the three months ended June 30, 2024 and March 31, 2024. We have disclosed the effects of the error corrections on our previously issued financial statements for the three and nine months ended September 30, 2023 as well as our consolidated balance sheet as of December 31, 2023 in our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024. Furthermore, the effects of the error corrections on our consolidated statements of operations, comprehensive income (loss), and cash flows for the years ended December 31, 2023 and December 31, 2022 are also presented in the tables below. The consolidated statements of stockholders’ equity for the years ended December 31, 2023 and December 31, 2022 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 statements of operations for the three months ended March 31, 2024 and for the six months ended June 30, 2024. There was no revision for the three months ended June 30, 2024. Three Months Ended March 31, 2024 Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 As Reported Adjustments As Revised As Reported As Revised (unaudited, in thousands except per share data) Direct operating expenses $ 2,646,457 $ 4,883 $ 2,651,340 $ 4,408,209 $ 7,059,549 Operating income (loss) (36,507) (4,883) (41,390) 465,819 424,429 Income (loss) before income taxes 3,197 (4,883) (1,686) 456,392 454,706 Income tax expense 35,414 5,605 41,019 80,164 121,183 Net income (loss) (32,217) (10,488) (42,705) 376,228 333,523 Net income attributable to noncontrolling interests 14,516 (2,746) 11,770 78,258 90,028 Net income (loss) attributable to common stockholders of Live Nation (46,733) (7,742) (54,475) 297,970 243,495 Basic net income (loss) per common share available to common stockholders of Live Nation (0.53) (0.03) (0.56) 1.05 0.48 Diluted net income (loss) per common share available to common stockholders of Live Nation (0.53) (0.03) (0.56) 1.03 0.48 The following table presents the impact of correcting the errors on the affected line items of our consolidated statements of comprehensive income (loss) for the three months ended March 31, 2024 and for the six months ended June 30, 2024. There was no revision for the three months ended June 30, 2024. Three Months Ended March 31, 2024 Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 As Reported Adjustments As Revised As Reported As Revised (unaudited, in thousands) Net income (loss) $ (32,217) $ (10,488) $ (42,705) $ 376,228 $ 333,523 Comprehensive income (loss) (23,849) (10,488) (34,337) 217,654 183,317 Comprehensive income attributable to noncontrolling interests 14,516 (2,746) 11,770 78,258 90,028 Comprehensive income (loss) attributable to common stockholders of Live Nation (38,365) (7,742) (46,107) 139,396 93,289 The following table presents the impact of correcting the errors on the affected line items of our consolidated statements of operations for the three months ended March 31, 2023, June 30, 2023 and for the six months ended June 30, 2023: Three Months Ended March 31, 2023 Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 As Reported Adjustments As Revised As Reported Adjustments As Revised As Revised (unaudited, in thousands except per share data) Revenue $ 3,127,390 $ (2,831) $ 3,124,559 $ 5,630,723 $ (2,209) $ 5,628,514 $ 8,753,073 Direct operating expenses 2,115,589 8,793 2,124,382 4,164,778 2,563 4,167,341 6,291,723 Operating income 142,776 (11,624) 131,152 386,371 (4,772) 381,599 512,751 Income before income taxes 68,032 (11,624) 56,408 372,985 (4,772) 368,213 424,621 Income tax expense 23,840 — 23,840 41,648 11,313 52,961 76,801 Net income 44,192 (11,624) 32,568 331,337 (16,085) 315,252 347,820 Net income attributable to noncontrolling interests 47,361 (13,120) 34,241 37,655 7,577 45,232 79,473 Net income (loss) attributable to common stockholders of Live Nation (3,169) 1,496 (1,673) 293,682 (23,662) 270,020 268,347 Basic net income (loss) per common share available to common stockholders of Live Nation (0.25) — (0.25) 1.04 (0.11) 0.93 0.69 Diluted net income (loss) per common share available to common stockholders of Live Nation (0.25) — (0.25) 1.02 (0.10) 0.92 0.68 The following table presents the impact of correcting the errors on the affected line items of our consolidated statements of comprehensive income for the three months ended March 31, 2023, June 30, 2023 and for the six months ended June 30, 2023: Three Months Ended March 31, 2023 Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 As Reported Adjustments As Revised As Reported Adjustments As Revised As Revised (unaudited, in thousands) Net income $ 44,192 $ (11,624) $ 32,568 $ 331,337 $ (16,085) $ 315,252 $ 347,820 Comprehensive income 116,843 (11,624) 105,219 408,015 (16,085) 391,930 497,149 Comprehensive income attributable to noncontrolling interests 47,361 (13,120) 34,241 37,655 7,577 45,232 79,473 Comprehensive income attributable to common stockholders of Live Nation 69,482 1,496 70,978 370,360 (23,662) 346,698 417,676 The following table presents the impact of correcting the errors on the affected line items of our consolidated statements of operations for the year ended December 31, 2023: Year Ended December 31, 2023 As Reported Adjustments As Revised (in thousands except per share data) Revenue $ 22,749,073 $ (22,756) $ 22,726,317 Direct operating expenses 17,292,016 (41,486) 17,250,530 Operating income 1,066,203 18,730 1,084,933 Income before income taxes 894,544 18,730 913,274 Income tax expense 160,227 49,249 209,476 Net income 734,317 (30,519) 703,798 Net income attributable to noncontrolling interests 171,037 (24,132) 146,905 Net income attributable to common stockholders of Live Nation 563,280 (6,387) 556,893 Basic net income per common share available to common stockholders of Live Nation 1.38 (0.03) 1.35 Diluted net income per common share available to common stockholders of Live Nation 1.37 (0.03) 1.34 The following table presents the impact of correcting the errors on the affected line items of our consolidated statements of comprehensive income for the year ended December 31, 2023: Year ended December 31, 2023 As Reported Adjustments As Revised (in thousands) Net income $ 734,317 $ (30,519) $ 703,798 Comprehensive income 851,843 (30,519) 821,324 Comprehensive income attributable to noncontrolling interests 171,037 (24,132) 146,905 Comprehensive income attributable to common stockholders of Live Nation 680,806 (6,387) 674,419 The following table presents the impact of correcting the errors on the affected line items of our consolidated statement of cash flow for the year ended December 31, 2023: Year Ended December 31, 2023 As Reported Adjustments As Revised (in thousands) Net income $ 734,317 $ (30,519) $ 703,798 Increase in accounts receivable (550,670) 24,931 (525,739) Increase in accounts payable, accrued expenses and other liabilities 460,496 (10,126) 450,370 Increase in deferred revenue 133,023 7,894 140,917 Net cash provided by operating activities 1,370,794 (7,820) 1,362,974 Net increase in cash, cash equivalents and restricted cash 626,582 (7,820) 618,762 Cash, cash equivalents and restricted cash at beginning of period 5,612,374 7,820 5,620,194 The following table presents the impact of correcting the errors on the affected line items of our consolidated statements of operations for the year ended December 31, 2022: Year Ended December 31, 2022 As Reported Adjustments As Revised (in thousands except per share data) Direct operating expenses $ 12,337,524 $ 10,087 $ 12,347,611 Operating income 732,118 (10,087) 722,031 Other expense, net 36,379 4,836 41,215 Income before income taxes 505,447 (14,923) 490,524 Income tax expense 96,254 19,687 115,941 Net income 409,193 (34,610) 374,583 Net income attributable to noncontrolling interests 113,207 (5,064) 108,143 Net income attributable to common stockholders of Live Nation 295,986 (29,546) 266,440 Basic net income per common share available to common stockholders of Live Nation 0.66 (0.13) 0.53 Diluted net income per common share available to common stockholders of Live Nation 0.64 (0.12) 0.52 The following table presents the impact of correcting the errors on the affected line items of our consolidated statements of comprehensive income for the year ended December 31, 2022: Year Ended December 31, 2022 As Reported Adjustments As Revised (in thousands) Net income $ 409,193 $ (34,610) $ 374,583 Other comprehensive income, net of tax, foreign currency translation adjustments 8,047 4,836 12,883 Comprehensive income 467,081 (29,774) 437,307 Comprehensive income attributable to noncontrolling interests 113,207 (5,064) 108,143 Comprehensive income attributable to common stockholders of Live Nation 353,874 (24,710) 329,164 The following table presents the impact of correcting the errors on the affected line items of our consolidated statement of cash flow for the for the year ended December 31, 2022: Year Ended December 31, 2022 As Reported Adjustments As Revised (in thousands) Net income $ 409,193 $ (34,610) $ 374,583 Increase in accounts receivable (463,977) 19,474 (444,503) Increase in accounts payable, accrued expenses and other liabilities 1,002,158 26,014 1,028,172 Increase in deferred revenue 367,617 (7,894) 359,723 Net cash provided by operating activities 1,832,063 2,984 1,835,047 Effect of exchange rate changes on cash, cash equivalents and restricted cash (179,450) 4,836 (174,614) Net increase in cash, cash equivalents and restricted cash 724,582 7,820 732,402 Cash, cash equivalents and restricted cash at end of period 5,612,374 7,820 5,620,194

LONG-LIVED ASSETS

LONG-LIVED ASSETS	12 Months Ended
	Dec. 31, 2024
LONG-LIVED ASSETS [Abstract]
LONG-LIVED ASSETS	LONG-LIVED ASSETS, INTANGIBLES, AND GOODWILL 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 consisted of the following: December 31, 2024 2023 (in thousands) Land, buildings and improvements $ 2,325,929 $ 2,043,595 Computer equipment and capitalized software 867,294 888,065 Furniture and other equipment 757,803 646,966 Construction in progress 386,880 317,028 Property, plant and equipment, gross 4,337,906 3,895,654 Less: accumulated depreciation 1,896,034 1,794,191 Property, plant and equipment, net $ 2,441,872 $ 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 years ended December 31, 2024 and 2023: Revenue- Client / Venue management Trademarks Technology and Other (1) Total (in thousands) Balance as of December 31, 2022: Gross carrying amount $ 824,785 $ 563,210 $ 148,022 $ 188,596 $ 35,736 $ 1,760,349 Accumulated amortization (316,581) (209,518) (58,588) (97,931) (27,109) (709,727) Net 508,204 353,692 89,434 90,665 8,627 1,050,622 Gross carrying amount: Acquisitions and additions—current year 136,117 46,767 77,329 — 21,789 282,002 Acquisitions and additions—prior year (1,830) (6,681) (11) — — (8,522) Foreign exchange 57,797 17,070 3,960 8,151 (104) 86,874 Other (2) (91,612) (36,930) (2,512) (13,254) (37,201) (181,509) Net change 100,472 20,226 78,766 (5,103) (15,516) 178,845 Accumulated amortization: Amortization (103,756) (75,994) (22,186) (18,390) (17,303) (237,629) Foreign exchange (7,900) (3,019) (1,132) (1,448) (408) (13,907) Other (2) 91,612 36,882 2,688 13,733 38,775 183,690 Net change (20,044) (42,131) (20,630) (6,105) 21,064 (67,846) 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 52,406 35,273 7,331 7,551 171,014 Acquisitions and additions—prior year 826 4,066 3 — — 4,895 Foreign exchange (96,995) (32,993) (6,954) (14,096) (709) (151,747) Other (2) (77,947) (39,343) (23,930) (14,240) (825) (156,285) Net change (105,663) (15,864) 4,392 (21,005) 6,017 (132,123) Accumulated amortization: Amortization (111,711) (86,637) (23,978) (17,791) (9,142) (249,259) Foreign exchange 29,331 12,013 2,185 5,096 89 48,714 Other (2) 79,707 39,892 24,066 11,763 1,432 156,860 Net change (2,673) (34,732) 2,273 (932) (7,621) (43,685) Balance as of December 31, 2024: Gross carrying amount 819,594 567,572 231,180 162,488 26,237 1,807,071 Accumulated amortization (339,298) (286,381) (76,945) (104,968) (13,667) (821,259) Net $ 480,296 $ 281,191 $ 154,235 $ 57,520 $ 12,570 $ 985,812 ___________________ (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 for 2024 are definite-lived intangible assets primarily associated with the acquisitions of certain festival promotion, venue and artist management businesses located in the United States. Included in the current year acquisitions amounts above for 2023 are definite-lived intangible assets primarily associated with the acquisitions of certain venue and artist management businesses located in the United States, a concert and festival promotion business in Australia, a promotion business in South America, as well as additions for music publishing rights. The additions to definite-lived intangible assets from acquisitions have weighted-average lives as follows: Weighted-Average Life 2024 2023 (in years) Revenue-generating contracts 9 5 Client/vendor relationships 5 4 Trademarks and naming rights 6 0 Technology 3 3 Venue management 6 11 All categories 7 8 Amortization of definite-lived intangible assets for the years ended December 31, 2024, 2023 and 2022 was $249.3 million, $237.6 million and $216.9 million, respectively. The following table presents our estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets that exist at December 31, 2024: (in thousands) 2025 $ 223,347 2026 $ 187,016 2027 $ 149,931 2028 $ 129,323 2029 $ 109,702 As acquisitions and dispositions occur in the future and the valuations of intangible assets for recent acquisitions are completed, amortization expense may vary. Indefinite-lived Intangibles We have indefinite-lived intangible assets which consist of trade names and cryptocurrency assets. These indefinite-lived intangible assets had a carrying value of $380.6 million and $377.3 million as of December 31, 2024 and 2023, respectively. Goodwill The following table presents the changes in the carrying amount of goodwill in each of our reportable segments for the years ended December 31, 2024 and 2023: Concerts Ticketing Sponsorship Total (in thousands) Balance as of December 31, 2022: Goodwill $ 1,349,426 $ 979,742 $ 635,575 $ 2,964,743 Accumulated impairment losses (435,363) — — (435,363) Net 914,063 979,742 635,575 2,529,380 Acquisitions—current year 90,298 — — 90,298 Acquisitions—prior year 1,657 143 — 1,800 Dispositions (6,183) — — (6,183) Foreign exchange 4,381 32,645 39,145 76,171 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 41,095 507 1,015 42,617 Acquisitions—prior year 4,136 — — 4,136 Foreign exchange (22,708) (48,816) (45,784) (117,308) Balance as of December 31, 2024: Goodwill 1,462,102 964,221 629,951 3,056,274 Accumulated impairment losses (435,363) — — (435,363) Net $ 1,026,739 $ 964,221 $ 629,951 $ 2,620,911 Included in the current year acquisitions amounts above for 2024 is goodwill primarily associated with the acquisitions of an artist management business and certain festival and concert promotion businesses located in the United States. Included in the current year acquisitions amounts above for 2023 is goodwill primarily associated with the acquisitions of certain venue and festival promotion businesses located in the United States and Europe as well as a promotion business in South America. We are in various stages of finalizing our acquisition accounting for recent acquisitions, which 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 the allocation between segments. Investments in Nonconsolidated Affiliates

LEASES

LEASES	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Lessee, Operating Leases	LEASES The significant components of operating lease expense are as follows: Year Ended December 31, 2024 2023 (in thousands) Operating lease cost $ 264,339 $ 274,731 Variable and short-term lease cost 182,372 205,768 Sublease income (6,006) (7,687) Net lease cost $ 440,705 $ 472,812 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: Year Ended December 31, 2024 2023 (in thousands) Cash paid for amounts included in the measurement of lease liabilities $ 249,052 $ 259,664 Lease assets obtained in exchange for lease obligations, net of terminations $ 249,501 $ 181,729 Future maturities of our operating lease liabilities at December 31, 2024 are as follows: (in thousands) 2025 $ 258,840 2026 225,767 2027 251,785 2028 234,272 2029 213,955 Thereafter 1,943,700 Total lease payments 3,128,319 Less: Interest 1,294,647 Present value of lease liabilities $ 1,833,672 The weighted average remaining lease term and weighted average discount rate for our operating leases are as follows: Year Ended December 31, 2024 2023 Weighted average remaining lease term (in years) 14.5 13.0 Weighted average discount rate 6.24 % 6.16 % As of December 31, 2024, we have additional operating leases that have not yet commenced with total lease payments of $201.1 million. These operating leases, which are not included on our consolidated balance sheets, have commencement dates ranging from January 2025 to June 2030 with lease terms ranging from 3 to 28 years.

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT In November 2024, we amended our senior secured credit facility and added a new venue expansion revolving credit facility of $400.0 million, which resulted in a total available revolving borrowing capacity of $1.7 billion. In November 2024, we repaid $575.0 million principal outstanding on our 4.875% senior notes. In December 2024, we issued $1.1 billion principal amount of 2.875% convertible senior notes due 2030 and repurchased $316.0 million aggregate principal amount of the 2.0% convertible senior notes due 2025. Long-term debt, which includes finance leases, consisted of the following: December 31, 2024 2023 (in thousands) Senior Secured Credit Facility: Term loan B $ 828,163 $ 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 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 83,957 400,000 3.125% Convertible Senior Notes due 2029 1,000,000 1,000,000 2.875% Convertible Senior Notes due 2030 1,100,000 — Other debt 529,257 511,210 Total principal amount 6,491,377 6,643,113 Less: unamortized discounts and debt issuance costs (53,308) (49,701) Total debt, net of unamortized discounts and debt issuance costs 6,438,069 6,593,412 Less: current portion 260,901 1,134,386 Total long-term debt, net $ 6,177,168 $ 5,459,026 Future maturities of debt at December 31, 2024 are as follows: (in thousands) 2025 $ 260,901 2026 1,421,182 2027 2,153,632 2028 1,515,468 2029 1,103,078 Thereafter 37,116 Total $ 6,491,377 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 7 – Fair Value Measurements for discussion of the fair value measurement of our debt. Amended Senior Secured Credit Facility In November 2024, we amended our senior secured credit facility and entered into Amendment No. 12 (the “Amendment”) to our Credit Agreement (as amended by Amendment No. 12, the “Amended Credit Agreement”). The Amendment provides for, among other things, a new $400.0 million revolving credit facility to be used for venue financing or other general corporate purposes, which resulted in a revolving credit facility with a total available borrowing capacity of up to $1.7 billion including a $250.0 million sublimit for the issuance of letters of credit and a $100.0 million sublimit for swingline borrowings. The revolving credit facility allows for a $780.0 million sublimit for borrowings in U.S. Dollars, Euros, or Sterling, and a $260.0 million sublimit for borrowings in those or one or more other approved non-U.S. currencies. The revolving credit facility will be available to us and, if designated in the future, certain of our foreign subsidiaries. The Amended Credit Agreement provides for the right, subject to certain conditions, to increase the term B loan and revolving facilities by an amount not to exceed an amount equal to the sum of (x) $1.625 billion, (y) the aggregate principal amount of voluntary prepayments of the term B loans and permanent reductions of the revolving credit facility commitments, in each case, other than from proceeds of long-term indebtedness, and (z) additional amounts so long as the senior secured leverage ratio, on a pro-forma basis after giving effect to such increase, is no greater than 4.50x . Our obligations under the Amended Credit Agreement will continue to be guaranteed by the majority of our direct and indirect domestic subsidiaries, subject to certain exceptions, and the obligations of the foreign subsidiary borrowers, if any, will be guaranteed by us, the majority of our direct and indirect domestic subsidiaries, and by certain of our wholly-owned foreign subsidiaries. The obligations under the Amended Credit Agreement and the guarantees will continue to be secured by a lien on substantially all of our tangible and intangible personal property and the domestic subsidiaries that are guarantors, and by a pledge of substantially all of the shares of stock, partnership interests and limited liability company interests of our direct and indirect domestic subsidiaries and 65% of each class of capital stock of any first-tier foreign subsidiaries and, if there are any foreign borrowers, by certain of the assets of such foreign borrowers and certain foreign subsidiaries, subject to limited exceptions. The interest rates per annum applicable to the revolving credit facility under the amended senior secured credit facility are, at our option, equal to either Term SOFR plus 1.75% or a base rate (as defined in the Credit Agreement) plus 0.75%. The interest rates per annum applicable to the term loan B are, at our option, equal to either Term Benchmark Loans or RFR Loans (as defined in the Credit Agreement) plus 1.75% or a base rate plus 0.75%. We have an interest rate swap agreement that ensures the interest rate on $500 million principal amount of our outstanding term loan B does not exceed 3.445% through October 2026. For the term loan B, we are required to make quarterly payments of $2.4 million with the balance due at maturity in October 2026. We are also required to make mandatory prepayments of the loan, subject to specified exceptions, from excess cash flow and with the proceeds of asset sales, debt issuances and specified other events. We are required to pay a commitment fee of 0.35% per year on the undrawn portion available under the revolving credit facility and variable fees on outstanding letters of credit. Based on our outstanding letters of credit of $20.9 million, $1.68 billion was available for future borrowings from our revolving credit facility as of December 31, 2024. The revolving credit facility matures on November 5, 2029, provided, that if (x) any of the term loan B, our 6.5% Senior Secured Notes due 2027, or our 4.75% Senior Notes due 2027 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) our 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 amended senior secured credit facility will instead be such date. During the three months ended December 31, 2024, we repaid $585.0 million under our senior secured revolving credit facility, which was used to repay the $575.0 million principal amount plus accrued interest on our 4.875% senior notes that matured on November 1, 2024. No material gain or loss was recorded as a result of this repayment. During the three months ended March 31, 2024, we repaid $370.0 million of principal related to our revolving credit facility that had been outstanding as of December 31, 2023. No material gain or loss was recorded as a result of this repayment. 6.5% Senior Secured Notes Due 2027 At December 31, 2024, we had $1.2 billion principal amount of 6.5% senior secured notes due 2027. Interest on the notes is payable semi-annually in cash in arrears on May 15 and November 15 of each year and the notes will mature on May 15, 2027. On or after May 15, 2023 we may redeem some or all of the notes at any time at redemption prices starting at 104.875% of their principal amount, plus any accrued and unpaid interest to the date of redemption. We must make an offer to redeem the notes at 101% of their aggregate principal amount, plus accrued and unpaid interest to the repurchase date, if we experience certain defined changes of control. The notes are secured by a first priority lien on substantially all of the tangible and intangible personal property of LNE and LNE’s domestic subsidiaries that are guarantors, and by a pledge of substantially all of the shares of stock, partnership interests and limited liability company interests of our direct and indirect domestic subsidiaries and 65% of each class of capital stock of any first-tier foreign subsidiaries, subject to certain exceptions. 3.75% Senior Secured Notes due 2028 At December 31, 2024, we had $500.0 million principal amount of 3.75% senior secured notes due 2028. Interest on the notes is payable semi-annually in cash in arrears on January 15 and July 15 of each year, and will mature on January 15, 2028. On or after January 15, 2024, we may redeem some or all of the notes at any time at redemption prices starting at 102.813% of their principal amount , plus any accrued and unpaid interest to the date of redemption. We must make an offer to redeem the notes at 101% of their aggregate principal amount, plus accrued and unpaid interest to the repurchase date, if we experience certain defined changes of control. The notes are secured by a first priority lien on substantially all of the tangible and intangible personal property of LNE and LNE’s domestic subsidiaries that are guarantors, and by a pledge of substantially all of the shares of stock, partnership interests and limited liability company interests of our direct and indirect domestic subsidiaries. 5.625% Senior Notes Due 2026 At December 31, 2024, we had $300.0 million principal amount of 5.625% senior notes due 2026. Interest on the notes is payable semi-annually in cash in arrears on March 15 and September 15 of each year, and the notes will mature on March 15, 2026. On or after March 15, 2021, we may redeem some or all of the notes at any time at redemption prices that start at 104.219% of their principal amount, plus any accrued and unpaid interest to the date of redemption. We must make an offer to redeem the notes at 101% of their aggregate principal amount, plus any accrued and unpaid interest to the repurchase date, if we experience certain defined changes of control. 4.75% Senior Notes Due 2027 At December 31, 2024, we had $950.0 million principal amount of 4.75% senior notes due 2027. Interest on the notes is payable semi-annually in cash in arrears on April 15 and October 15 of each year, and will mature on October 15, 2027. On or after October 15, 2022, we may redeem some or all of the notes at any time at redemption prices starting at 103.563% of their principal amount, plus any accrued and unpaid interest to the date of redemption. We must make an offer to redeem the notes at 101% of their aggregate principal amount, plus accrued and unpaid interest to the repurchase date, if we experience certain defined changes of control. 2.0% Convertible Senior Notes Due 2025 At December 31, 2024, we had $84.0 million principal amount of 2.0% convertible senior notes due 2025. Interest on the notes is payable semiannually in arrears on February 15 and August 15, at a rate of 2.0% per annum. The notes will mature on February 15, 2025. On or after November 15, 2024, the notes are convertible without condition, at an initial conversion rate of 9.4469 shares of our common stock per $1,000 principal amount of notes, subject to adjustment, which represents a 50.0% conversion premium based on the last reported sale price for our common stock of $70.57 on January 29, 2020 prior to issuing the notes. Upon conversion, the notes will be settled with a combination of cash and shares of common stock. Assuming we fully settled the remaining notes in shares, the maximum number of shares that could be issued to satisfy the conversion is currently 1.2 million. As of December 31, 2024, the value of the remaining notes, if converted and fully settled in shares, exceeded the principal amount of the notes by $18.8 million. 3.125% Convertible Senior Notes due 2029 At December 31, 2024, we had $1.0 billion principal amount of 3.125% convertible senior notes due 2029 (the “2029 Notes”). Interest on the 2029 Notes is payable semi-annually in arrears on January 15 and July 15, beginning July 15, 2023, at a rate of 3.125% per annum. The notes will mature on January 15, 2029. The notes will be convertible, under certain circumstances, until October 15, 2028, and on or after such date without condition, at an initial conversion rate of 9.2259 shares of our common stock per $1,000 principal amount of notes, subject to adjustment, which represents a 50% conversion premium based on the last reported sale price for our common stock of $72.26 on January 9, 2023 prior to issuing the debt. Upon conversion, the notes may be settled in, at our election, shares of common stock or cash or a combination of cash and shares of common stock. Assuming we fully settle the notes in shares, the maximum number of shares that could be issued to satisfy the conversion is 13.8 million as of December 31, 2024. We may redeem for cash all or any portion of the notes, at our option, on or after January 21, 2026 and before the 41st scheduled trading day before the maturity date, if the sales price of our common stock reaches specified targets as defined in the indenture. The redemption price will equal 100% of the principal amount of the notes plus accrued interest, if any. If we experience a fundamental change, as defined in the indenture governing the notes, the holders of the 2029 Notes may require us to purchase for cash all or a portion of their notes, subject to specified exceptions, at a price equal to 100% of the principal amount of the notes plus accrued and unpaid interest, if any. As of December 31, 2024, the remaining period for the unamortized debt issuance costs balance of $10.7 million was approximately four years and the value of the notes, if converted and fully settled in shares, exceeded the principal amount of the notes by $194.8 million. As of December 31, 2024, the effective interest rate on the notes was 3.17%. In connection with the issuance of the 2029 Notes, we entered into privately negotiated capped call transactions with several counterparties. The cap price of the capped call transactions is initially $144.52, which represents a premium of 100% over the last reported sale price of the Company’s common stock on January 9, 2023. The cost of the capped call transactions was $75.5 million and was charged to additional paid-in capital. 2.875% Convertible Senior Notes due 2030 In December 2024, we issued $1.1 billion principal amount of 2.875% convertible senior notes due 2030 (the “2030 Notes”). Interest on the 2030 Notes is payable semi-annually in arrears on January 15 and July 15, beginning July 15, 2025, at a rate of 2.875% per annum. The notes will mature on January 15, 2030. The notes will be convertible, under certain circumstances, until October 15, 2029, and on or after such date without condition, at an initial conversion rate of 5.2005 shares of our common stock per $1,000 principal amount of notes, subject to adjustment, which represents a 40.0% conversion premium based on the last reported sale price for our common stock of $137.35 on December 3, 2024 prior to issuing the debt. Upon conversion, the notes may be settled in, at our election, shares of common stock or cash or a combination of cash and shares of common stock. Assuming we fully settle the notes in shares, the maximum number of shares that could be issued to satisfy the conversion is 8.0 million as of December 31, 2024. We may redeem for cash all or any portion of the notes, at our option, on or after January 24, 2028 and before the 41st scheduled trading day before the maturity date, if the sales price of our common stock reaches specified targets as defined in the indenture. The redemption price will equal 100% of the principal amount of the notes plus accrued interest, if any. If we experience a fundamental change, as defined in the indenture governing the notes, the holders of the 2030 Notes may require us to purchase for cash all or a portion of their notes, subject to specified exceptions, at a price equal to 100% of the principal amount of the notes plus accrued and unpaid interest, if any. As of December 31, 2024, the remaining period for the unamortized debt issuance costs balance of $17.8 million was approximately five years and the value of the notes, if converted and fully settled in shares, did not exceed the principal amount of the notes. As of December 31, 2024, the effective interest rate on the notes was 2.913%. Interest Cost on Convertible Senior Notes The following table summarizes the amount of pre-tax interest cost recognized on the convertible senior notes due 2025, 2029 and 2030 for the year ended December 31, 2024, convertible senior notes due 2025 and 2029 for the year ended December 31, 2023 and convertible senior notes due 2023 and 2025 for the year ended December 31, 2022: Year Ended December 31, 2024 2023 2022 (in thousands) Interest cost recognized relating to: Contractual interest coupon $ 41,202 $ 27,460 $ 21,750 Amortization of debt issuance costs 4,095 3,912 3,710 Total interest cost recognized on the convertible senior notes $ 45,297 $ 31,372 $ 25,460 Debt Extinguishment In conjunction with the issuance of the 2030 Notes, we used the net proceeds to repay $585.0 million outstanding amounts under our senior secured revolving credit facility and to repurchase $316.0 million principal amount of the 2.0% convertible notes due 2025, resulting in a loss on extinguishment of debt of $2.0 million and a charge to additional paid-in capital for the induced conversion of $94.0 million. On October 31, 2024, we drew down $585.0 million from our senior secured revolving credit facility, and on November 1, 2024, we used these funds to repay the $575.0 million principal amount plus accrued interest on our 4.875% senior notes. In conjunction with the issuance of the 2029 Notes, we used approximately $485.8 million of the net proceeds to repurchase $440.0 million aggregate principal amount of the 2.5% convertible senior notes due 2023 resulting in a loss on extinguishment of debt of $18.5 million and a charge to additional paid-in capital for the induced conversion of $27.3 million. On March 15, 2023, we redeemed the remaining $110.0 million aggregate principal amount of the 2.5% convertible senior notes and issued 156,750 common shares of stock. Other Debt As of December 31, 2024, other debt includes $275.0 million due in 2026 acquired as part of an acquisition of a controlling interest in a venue business in the United States during 2023, $120.4 million for a Euro denominated note due in 2025, debt to noncontrolling interest partners of $29.4 million and capital leases of $4.8 million. Our other debt has a weighted average cost of debt of 4.4% and maturities at various dates through September 2050. Debt Covenants Our amended senior secured credit facility contains a number of restrictions that, among other things, require us to satisfy a financial covenant and restrict our and our subsidiaries’ ability to incur additional debt, make certain investments and acquisitions, repurchase our stock and prepay certain indebtedness, create liens, enter into agreements with affiliates, modify the nature of our business, enter into sale-leaseback transactions, transfer and sell material assets, merge or consolidate, and pay dividends and make distributions (with the exception of subsidiary dividends or distributions to the parent company or other subsidiaries on at least a pro-rata basis with any noncontrolling interest partners). Non-compliance with one or more of the covenants and restrictions could result in the full or partial principal balance of the credit facility becoming immediately due and payable. The amended senior secured credit facility agreement contains a financial covenant that requires us 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 indentures governing our 6.5% senior secured notes, 3.75% senior secured notes, 4.75% senior notes and 5.625% senior notes contain covenants that limit, among other things, our ability and the ability of our restricted subsidiaries to incur certain additional indebtedness and issue preferred stock, make certain distributions, investments and other restricted payments, sell certain assets, agree to any restrictions on the ability of restricted subsidiaries to make payments to us, merge, consolidate or sell all of our assets, create certain liens, and engage in transactions with affiliates on terms that are not on an arms-length basis. Certain covenants, including those pertaining to incurrence of indebtedness, restricted payments, asset sales, mergers, and transactions with affiliates will be suspended during any period in which the notes are rated investment grade by both rating agencies and no default or event of default under the indenture has occurred and is continuing. All of these notes contain two incurrence-based financial covenants, as defined, requiring a minimum fixed charge coverage ratio of 2.0x and a maximum secured indebtedness leverage ratio of 3.5x. Some of our other subsidiary indebtedness includes restrictions on entering into various transactions, such as acquisitions and disposals, and prohibits payment of ordinary dividends. They also have financial covenants including minimum consolidated EBITDA to consolidated net interest payable, minimum consolidated cash flow to consolidated debt service, maximum consolidated debt to consolidated EBITDA and minimum liquidity, all as defined in the applicable debt agreements. As of December 31, 2024, we believe we were in compliance with all of our debt covenants related to our senior secured credit facility and our corporate senior secured notes, senior notes and convertible senior notes. We expect to remain in compliance with all of these covenants throughout 2025. Subsequent Event On February 18, 2025, we utilized $84.8 million of our existing cash balance to repay the remaining aggregate principal amount of the 2.0% convertible senior notes due February 2025 plus accrued interest and we issued 182,560 shares of common stock to the convertible holders.
SUBSEQUENT EVENTS	Subsequent Event On February 18, 2025, we utilized $84.8 million of our existing cash balance to repay the remaining aggregate principal amount of the 2.0% convertible senior notes due February 2025 plus accrued interest and we issued 182,560 shares of common stock to the convertible holders.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTS We primarily use forward currency contracts and options to reduce our exposure to foreign currency risk associated with short-term artist fee commitments. We may also enter into forward currency contracts to minimize the risks and/or costs associated with changes in foreign currency rates on forecasted operating income. These instruments have not been designated as hedging instruments and any change in fair value is reported in earnings during the period of the change. Our foreign currency derivative activity, including the related fair values, are not material to any period presented. In January 2020, we entered into an interest rate swap agreement that is designated as a cash flow hedge for accounting purposes to effectively convert a portion of our floating-rate debt to a fixed-rate basis. The swap agreement expires in October 2026, has a notional amount of $500 million and ensures that a portion of our floating-rate debt does not exceed 3.445%. The principal objective of this contract is to reduce the variability of the cash flow in our variable rate interest payments associated with our senior secured credit facility term loan B, thus reducing the impact of interest rate changes on future interest expense. Cash flows associated with the interest rate swap agreement are reflected as cash flows from operating activities within our consolidated statements of cash flows. As of December 31, 2024, there is no ineffective portion or amount excluded from effectiveness testing. As a cash flow hedge, the effective portion of the loss on the derivative instrument was reported as a component of other comprehensive loss. Amounts are deferred in other comprehensive loss and reclassified into earnings in the same line item associated with the forecasted transaction in the period or periods during which the hedged transaction affects earnings. We do not enter into derivative instruments for speculative or trading purposes and do not anticipate any significant recognition of derivative activity through the income statement in the future related to the instruments currently held. See Note 7 – Fair Value Measurements for further discussion and disclosure of the fair values for our derivative instruments.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Recurring We currently have various financial instruments carried at fair value, such as marketable securities, derivatives and contingent consideration, but do not currently have nonfinancial assets and liabilities that are required to be measured at fair value on a recurring basis. Our financial assets and liabilities are measured using inputs from all levels of the fair value hierarchy as defined in the FASB guidance for fair value. For this categorization, only inputs that are significant to the fair value are considered. The three levels are defined as follows: Level 1—Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that can be accessed at the measurement date. Level 2—Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.) and inputs that are derived principally from or corroborated by observable market data by correlation or other means (i.e., market corroborated inputs). Level 3—Unobservable inputs that reflect assumptions about what market participants would use in pricing the asset or liability. These inputs would be based on the best information available, including our own data. In accordance with the fair value hierarchy described above, the following table shows the fair value of our financial assets and liabilities that are required to be measured at fair value on a recurring basis, which are classified on the balance sheets as cash and cash equivalents, other current assets, other long-term assets, other current liabilities and other long-term liabilities: Fair Value Measurements Fair Value Measurements Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (in thousands) (in thousands) Assets: Cash equivalents $ 734,814 $ — $ — $ 734,814 $ 580,126 $ — $ — $ 580,126 Interest rate swaps — 29,251 — 29,251 — 39,232 — 39,232 Forward currency contracts — 9,462 — 9,462 — 156 — 156 Investments in nonconsolidated affiliates 122 — — 122 865 — — 865 Total $ 734,936 $ 38,713 $ — $ 773,649 $ 580,991 $ 39,388 $ — $ 620,379 Liabilities: Equity awards $ — $ — $ 6,300 $ 6,300 $ — $ — $ 5,938 $ 5,938 Forward currency contracts — 380 — 380 — 6,468 — 6,468 Put option — — — — — — 2,980 2,980 Contingent consideration — — 48,311 48,311 — — 106,265 106,265 Total $ — $ 380 $ 54,611 $ 54,991 $ — $ 6,468 $ 115,183 $ 121,651 Cash equivalents consist of money market funds. Fair values for cash equivalents are based on quoted prices in an active market. The fair value for our interest rate swap is based upon inputs corroborated by observable market data with similar tenors. Fair values for forward currency contracts are based on observable market transactions of spot and forward rates. The fair value of our investments in nonconsolidated affiliates are based quoted prices in an active market. Certain equity awards are based on the Company’s annual performance goals and achievement criteria. These awards are accounted for as liability-classified awards under GAAP and have performance goals that, if met, are vested quarterly over a period of up to two years, with the number of shares of common stock determined based on the Company’s grant date stock price. Certain third parties have a put option to sell to us their noncontrolling interest in one of our subsidiaries and such put option is carried at fair value using Level 3 inputs. The put option is triggered by the occurrence of specific events, one of which is certain to occur, that requires us to buy the noncontrolling interest. The redemption price for the put option is a variable amount based on a formula linked to historical earnings. We have recorded a current liability for the put option which is valued based on the historic results of that subsidiary. Changes in the fair value are recorded in selling, general and administrative expenses. We have certain contingent consideration obligations related to acquisitions which are measured at fair value using Level 3 inputs. The amounts due to the sellers are based on the achievement of agreed-upon financial performance metrics by the acquired companies where the contingent obligation is either earned or not earned. We record the liability at the time of the acquisition based on the present value of management’s best estimates of the future results of the acquired companies compared to the agreed-upon metrics. Subsequent to the date of acquisition, we update the original valuation to reflect current projections of future results of the acquired companies and the passage of time. Accretion of, and changes in the valuations of, contingent consideration are reported in selling, general and administrative expenses. See Note 8 – Commitments and Contingent Liabilities for additional information related to the contingent payments. Due to their short maturity, the carrying amounts of accounts receivable, accounts payable and accrued expenses approximated their fair values at December 31, 2024 and 2023. Our outstanding debt held by third-party financial institutions is carried at cost, adjusted for 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. The following table presents the estimated fair values of our senior secured notes, senior notes and convertible senior notes at December 31, 2024 and 2023: Estimated Fair Value at: December 31, 2024 December 31, 2023 Level 2 (in thousands) 6.5% Senior Secured Notes due 2027 $ 1,213,896 $ 1,222,608 3.75% Senior Secured Notes due 2028 $ 472,635 $ 469,515 4.875% Senior Notes due 2024 (1) $ — $ 570,412 5.625% Senior Notes due 2026 $ 299,529 $ 297,606 4.75% Senior Notes due 2027 $ 919,049 $ 913,653 2.0% Convertible Senior Notes due 2025 (2) $ 103,032 $ 423,668 3.125% Convertible Senior Notes due 2029 $ 1,365,560 $ 1,136,160 2.875% Convertible Senior Notes due 2030 (2) $ 1,105,852 $ — ___________________ (1) In November 2024, we repaid $575.0 million principal amount outstanding on our 4.875% senior notes. (2) In December 2024, we issued $1.1 billion principal amount of 2.875% convertible senior notes due 2030 and repurchased $316.0 million aggregate principal amount of the 2.0% convertible senior notes due 2025. 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 year ended December 31, 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 $41.5 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 $66.9 million using an option pricing model. For the year ended December 31, 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 years ended December 31, 2023 and 2022, there were no significant non-recurring fair value measurements.

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	COMMITMENTS AND CONTINGENT LIABILITIES We have non-cancelable contracts related to minimum performance payments with various artists, other event-related costs and nonrecoupable ticketing contract advances. We also have commitments relating to additions to property, plant, and equipment under certain construction commitments for facilities and venues. As of December 31, 2024, our future minimum payments under non-cancelable contracts and capital expenditure commitments consist of the following: Non-cancelable Contracts Capital Expenditures (in thousands) 2025 $ 2,641,395 $ 32,841 2026 907,072 6,759 2027 312,236 5,273 2028 398,417 3,572 2029 149,307 7,501 Thereafter 481,198 62,621 Total $ 4,889,625 $ 118,567 Certain agreements relating to acquisitions provide for deferred purchase consideration payments at future dates. A liability is established at the time of the acquisition for these fixed payments. For obligations payable at a date greater than twelve months from the acquisition date, we apply a discount rate to calculate the present value of the obligations. As of December 31, 2024, we have accrued $1.5 million in other current liabilities and $11.8 million in other long-term liabilities and, as of December 31, 2023, we had accrued $14.9 million in other current liabilities and $6.8 million in other long-term liabilities, related to these deferred purchase consideration payments. We have contingent obligations related to acquisitions which were accounted for as business combinations. Contingent consideration associated with business combinations is recorded at fair value at the time of the acquisition and reflected at current fair value for each subsequent reporting period thereafter until settled. We record these fair value changes in our statements of operations as selling, general and administrative expenses. The contingent consideration is generally subject to payout following the achievement of future performance targets and a portion is expected to be payable in the next twelve months. As of December 31, 2024, we have accrued $39.3 million in other current liabilities and $9.0 million in other long-term liabilities and, as of December 31, 2023, we had accrued $83.9 million in other current liabilities and $22.3 million in other long-term liabilities, representing the fair value of these estimated payments. The last contingency period for which we have an outstanding contingent payment is for the period ending July 2049. See Note 7 – Fair Value Measurements for further discussion related to the valuation of these contingent payments. As of December 31, 2024 and 2023, we guaranteed the debt of third parties of approximately $19.4 million and $19.4 million, respectively, primarily related to maximum credit limits on employee and tour-related credit cards and obligations under a venue management agreement. 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 year ended December 31, 2024, all remaining wrongful death lawsuits were settled, and, with the exception of a small number of claims that are subject to a show cause dismissal order, all pending personal injury lawsuits filed against the Company have also been settled. As a result, we recognized $454.9 million for the year ended December 31, 2024 within selling, general and administrative expenses for the estimated probable losses in excess of our expected insurance recoveries. The amounts recorded as of December 31, 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 claims asserted in 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 affirmed the District Court’s ruling in October 2024. In January 2025, the Company filed a motion to dismiss the lawsuit. 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.

CERTAIN RELATIONSHIPS AND RELAT

CERTAIN RELATIONSHIPS AND RELATED-PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2024
Related Party Transactions [Abstract]
CERTAIN RELATIONSHIPS AND RELATED-PARTY TRANSACTIONS	CERTAIN RELATIONSHIPS AND RELATED-PARTY TRANSACTIONS Transactions Involving Related Parties There were no significant related-party transactions for certain relationships discussed below. Liberty Media Two current members of our board of directors were originally nominated by Liberty Media pursuant to a stockholder agreement. These directors receive directors’ fees and stock-based awards on the same basis as other non-employee members of our board of directors. Atlanta Braves One current member of Liberty Media’s board of directors has a significant ownership interest in Atlanta Braves Holdings, Inc. (“Atlanta Braves”). We lease a venue from, and provide ticketing services to the Atlanta Braves and pay royalty fees and non-recoupable ticketing contract advances. We also receive transaction fees for tickets the Atlanta Braves sells using our ticketing software. Sirius XM Our Chief Executive Officer is a member of the board of directors of Sirius XM Holdings Inc. (“Sirius XM”), a satellite radio company that is a subsidiary of Liberty Media. From time to time, we purchase advertising from Sirius XM. Transactions Involving Equity Method Investees We conduct business with certain of our equity method investees in the ordinary course of business. Transactions primarily relate to venue rentals and ticketing services. Revenue of $18.9 million, $27.9 million and $40.7 million were earned in 2024, 2023 and 2022, respectively, and expenses of $5.8 million, $6.3 million and $13.7 million were incurred in 2024, 2023 and 2022, respectively, from these equity investees for services rendered or provided in relation to these business ventures. As of December 31, 2024 and 2023, we had accounts receivable and notes receivable balances of $48.0 million and $13.3 million, respectively, due from certain of our equity investees.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Significant components of the provision for income tax expense (benefit) are as follows: Year Ended December 31, 2024 2023 2022 As Revised As Revised (in thousands) Current: Federal $ 39,122 $ 1,250 $ 658 Foreign 253,442 229,073 103,320 State 24,308 23,171 4,764 Total current 316,872 253,494 108,742 Deferred: Federal (557,399) 5,982 6,223 Foreign (126,423) (51,209) (397) State (24,748) 1,209 1,373 Total deferred (708,570) (44,018) 7,199 Income tax expense (benefit) $ (391,698) $ 209,476 $ 115,941 The domestic income before income taxes was $31.8 million, $237.5 million and $217.0 million for 2024, 2023 and 2022, respectively. Foreign income before income taxes was $707.6 million, $675.8 million and $273.5 million for the years ended ended December 31, 2024, 2023 and 2022, respectively. Significant components of our deferred tax liabilities and assets are as follows: December 31, 2024 2023 (in thousands) Deferred tax liabilities: Intangible assets $ 282,200 $ 327,249 Leases 210,904 205,757 Other 45,075 38,132 Hedge investments 5,395 7,394 Prepaid expenses 3,802 3,494 Total deferred tax liabilities 547,376 582,026 Deferred tax assets: Net operating loss carryforwards 763,205 812,034 Accrued expenses 251,416 180,268 Leases 244,476 239,503 Capitalized research and development 90,477 67,516 Interest limitation 69,128 53,698 Other 61,555 30,580 Foreign tax and other credit carryforwards 51,153 51,351 Intangible assets 12,411 48,088 Equity compensation 10,831 11,504 Total gross deferred tax assets 1,554,652 1,494,542 Valuation allowance 569,495 1,194,374 Total net deferred tax assets 985,157 300,168 Net deferred tax assets (liabilities) $ 437,781 $ (281,858) Each reporting period, we evaluate the realizability of all of our deferred tax assets in each tax jurisdiction. The Company recorded valuation allowances of $569.5 million and $1.2 billion as of December 31, 2024 and 2023, respectively. Deferred income tax assets and liabilities are recorded related to net operating losses and temporary differences between the book and tax basis of assets and liabilities expected to produce tax deductions and income in the future. The realization of these assets depends on recognition of sufficient future taxable income in specific tax jurisdictions in which those temporary differences or net operating losses relate. In assessing the need for a valuation allowance, the Company considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized using available positive and negative evidence, including future reversals of temporary differences, tax-planning strategies and future taxable income, to estimate whether sufficient future taxable income will be generated to permit use of deferred tax assets. A significant piece of objective negative evidence evaluated is the cumulative loss incurred over recent years. Such objective negative evidence limits the Company’s ability to consider other subjective positive evidence. At December 31, 2023, the Company maintained a valuation allowance related to federal, state and foreign deferred tax assets, as there was insufficient evidence to overcome the substantial negative evidence of being in a three year cumulative loss position. At December 31, 2024, the Company is no longer in a three year cumulative loss position and concluded that it is appropriate to release the valuation allowance against a portion of its federal deferred tax assets due to the sustained positive performance and the expected future taxable income. The remaining valuation allowance primarily relates to investments in consolidated partnership and various state and foreign operating losses. At December 31, 2024 and 2023, we recorded a net deferred tax asset of $437.8 million and a net deferred tax liability of $281.9 million, respectively, due principally to differences in financial reporting and tax bases in assets acquired in business combinations. As of December 31, 2024, we have United States federal, state and foreign deferred tax assets related to net operating loss carryforwards of $215.1 million, $124.5 million and $423.6 million, respectively. Based on current statutory carryforward periods, the operating loss carryforwards will expire on various dates beginning in 2025. Our net operating losses may be subject to statutory limitations on the amount that can be used in any given year. As of December 31, 2024, we have United States federal and state deferred tax assets related to credits of $25.4 million and $25.7 million, respectively. Based on current statutory carryforward periods, the credits will expire on various dates beginning in 2031. The reconciliation of income tax computed at the United States federal statutory rates to income tax expense (benefit) is: Year Ended December 31, 2024 2023 2022 As Revised As Revised (in thousands) Income tax expense at United States statutory rate of 21% $ 155,280 $ 187,854 $ 106,144 Differences between foreign and United States statutory rates 70,469 86,537 34,585 State income taxes, net of federal tax benefits 27,844 22,889 4,893 Nondeductible items 23,898 25,959 32,907 United States income inclusions and exclusions (10,332) 28,450 (78,061) Non-United States income inclusions and exclusions (9,466) (63,691) (30,783) Tax contingencies 674 6,191 728 Tax expense from acquired goodwill — 7,953 7,596 Other, net 166 784 (879) Change in valuation allowance (650,231) (93,450) 38,811 $ (391,698) $ 209,476 $ 115,941 Income tax expense (benefit) is principally attributable to a non-cash benefit related to the release of the valuation allowance offset by our earnings in foreign tax jurisdictions and state income taxes. Amounts included in differences between foreign and United States statutory rates are impacted by changes in the mix of international earnings subject to various tax rates which can differ greatly in their proximity to the United States statutory rate. Amounts included in non-United States income inclusions and exclusions include the favorable inclusion of Mexico’s income from subsidiaries. Amounts included in United States income inclusions and exclusions include unfavorable inclusions for GILTI under the provisions associated with the Tax Cuts and Jobs Act (“TCJA”). Nondeductible items for all years presented include the impact of increased nondeductible expenses pursuant to the provisions of the TCJA including nondeductible executive compensation. The change in valuation allowance for each period presented resulted primarily from changes in the income (loss) within jurisdictions with full valuation allowances. The other category consists of current and deferred adjustments related to payable and deferred tax assets. The following table summarizes the activity related to our unrecognized tax benefits: Year Ended December 31, 2024 2023 2022 (in thousands) Balance at January 1 $ 30,466 $ 22,996 $ 21,330 Additions: Increase for current year positions 1,451 2,333 751 Increase for prior year positions 1,001 4,453 896 Interest and penalties for prior years 255 1,063 160 Reductions: Statute lapse for prior year positions (3) — — Settlements for prior year positions (3,166) (379) (141) Foreign exchange (312) — — Balance at December 31 $ 29,692 $ 30,466 $ 22,996 If we were to prevail on all uncertain tax positions, the net effect would be a decrease to our income tax provision of approximately $3.7 million. The remaining $26.0 million is related to various tax credits and would remain in place until the statute of limitation for those years expires. As of December 31, 2024, it is not expected that the total amounts of unrecognized tax benefits will increase or decrease materially within the next year. We regularly assess the likelihood of additional assessments in each taxing jurisdiction resulting from current and subsequent years’ examinations. Liabilities for income taxes are established for future income tax assessments when it is probable there will be future assessments and the amount can be reasonably estimated. Once established, liabilities for uncertain tax positions are adjusted only when there is more information available or when an event occurs necessitating a change to the liabilities. As of December 31, 2024, we believe that the resolution of income tax matters for open years will not have a material effect on our consolidated financial statements although the resolution of income tax matters could impact our effective tax rate for a particular future period. The tax years 2010 through 2024 remain open to examination by the primary tax jurisdictions to which we are subject. Recent Tax Legislation In August 2022, the Inflation Reduction Act (IRA) was enacted in the United States, which includes health care, clean energy, and income tax provisions. The income tax provisions amend the Internal Revenue Code to include a 15% corporate alternative minimum tax effective for tax years beginning after December 31, 2022. On September 12, 2024, the Internal Revenue Service released proposed regulations which provide guidance on the application of the corporate alternative minimum tax. The Company is assessing the impact of the proposed regulations; however, there is no material impact for the current period. The Company will continue to monitor to ensure our financial results and related tax disclosures are in compliance with the IRA tax legislation. On December 20, 2021, the Organization for Economic Co-operation and Development (“OECD”) released Pillar Two model rules designed to ensure large multinational enterprises (“MNE”) pay a minimum level of tax arising in each jurisdiction they operate. Over 135 jurisdictions joined a plan to update key elements of the international tax system and provide for a coordinated system of taxation that imposes top-up tax on profits arising in a jurisdiction whenever the effective rate is below the minimum rate. Effective January 1, 2024, many of these jurisdictions have enacted a global 15% minimum effective tax rate. This minimum rate applies to MNE’s with consolidated revenue above €750 million. While additional guidance is expected from the OECD, the current Pillar Two rules do not have a material impact to our financial statement income or tax cash flows for the current period. The Company will continue to monitor further guidance from the OECD and evaluate any impact it may have to our consolidated financial results.

EQUITY

EQUITY	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
EQUITY	EQUITY Common Stock The following table reconciles common stock reported in the consolidated statements of changes in equity to the consolidated balance sheets. December 31, 2024 2023 Common shares issued as reported in the consolidated statement of changes in equity 231,295,639 229,785,241 Unissued retirement eligible restricted stock awards — 4,125 Unvested restricted stock awards 1,480,062 1,472,906 Unvested deferred stock awards issued 1,996,058 2,448,904 Common shares issued as reported in the consolidated balance sheets 234,771,759 233,711,176 Unvested restricted stock awards and unvested deferred stock awards issued will be reflected in the statements of changes in equity at the time of vesting. For the years ended December 31, 2024, 2023 and 2022, we issued 1.5 million, 1.1 million and 6.5 million shares, respectively, of common stock in connection with stock option exercises and vesting of restricted stock awards. Common Stock Reserved for Future Issuance Common stock of approximately 12.4 million shares as of December 31, 2024 is reserved for future issuances under the stock incentive plan (including 1.5 million options, 1.5 million restricted stock awards and 2.0 million deferred stock awards currently granted). Noncontrolling Interests Common securities held by the noncontrolling interests that do not include put arrangements exercisable outside of our control are recorded in equity, separate from our stockholders’ equity. The purchase or sale of additional ownership in an already controlled subsidiary is recorded as an equity transaction with no gain or loss recognized in net income (loss) or comprehensive income (loss) as long as the subsidiary remains a controlled subsidiary. For the years ended December 31, 2024, 2023 and 2022, we acquired all or additional equity interests in several companies that did not have a significant impact to equity either on an individual basis or in the aggregate. The following schedule reflects the change in ownership interests for these transactions: Year Ended December 31, 2024 2023 2022 As Revised As Revised (in thousands) Net income attributable to common stockholders of Live Nation $ 896,287 $ 556,893 $ 266,440 Transfers of noncontrolling interests: Changes in Live Nation’s additional paid-in capital for purchases of noncontrolling interests, net of transaction costs (30,049) (100,940) (64,601) Changes in Live Nation’s additional paid-in capital for sales of noncontrolling interests, net of transaction costs — — — Net transfers of noncontrolling interests (30,049) (100,940) (64,601) Change from net income attributable to common stockholders of Live Nation and net transfers of noncontrolling interests $ 866,238 $ 455,953 $ 201,839 Redeemable Noncontrolling Interests We are subject to put arrangements where the holders of the noncontrolling interests can require us to repurchase their shares at specified dates in the future or within specified periods in the future. Certain of these puts can be exercised earlier upon the occurrence of triggering events as specified in the agreements. The redemption amounts for these puts are either at a fixed amount, at fair value at the time of exercise or a variable amount based on a formula linked to earnings. In accordance with the FASB guidance for business combinations, the redeemable noncontrolling interests are recorded at their fair value at acquisition date. For put arrangements that are not currently redeemable, we accrete to the estimated redemption value over the period from the date of issuance to the earliest redemption date of the individual puts, with the offset recorded to additional paid-in capital. Decreases in accretion are only recognized to the extent that increases had been previously recognized. The estimated redemption values that are based on a formula linked to future earnings are computed each reporting period using projected cash flows, and the estimated redemption values that are based on fair value at the time of exercise are computed each reporting period by applying a multiple to projected earnings, both of which take into account the current expectations regarding profitability and the timing of revenue-generating events. The balances are reflected in our balance sheets as redeemable noncontrolling interests outside of permanent equity. Our estimate of redemption amounts for puts that are redeemable at fixed or determinable prices on fixed or determinable dates for the years ended December 31, 2025, 2026, 2027, 2028 and 2029 are $606.0 million, $574.7 million, $72.0 million, $67.5 million and $29.8 million, respectively. Transactions with Noncontrolling Interest Partners We have loaned or advanced money to noncontrolling interest partners under the terms of the partnership operating agreements, promissory notes or other arrangements. As of December 31, 2024, we had outstanding notes receivable and prepayments of $50.0 million in other long-term assets, and as of December 31, 2023, we had outstanding notes receivable and prepayments of $1.9 million in other current assets and $50.0 million in other long-term assets. Accumulated Other Comprehensive Income (Loss) The following table presents changes in the components of AOCI, net of taxes, for the years ended December 31, 2024, 2023 and 2022: Cash Flow Hedges Foreign Currency Items Total As Revised As Revised (in thousands) Revised Balance at December 31, 2021 $ (8,558) $ (144,242) $ (152,800) Other comprehensive income before reclassifications 49,529 12,883 62,412 Amount reclassified from AOCI 312 — 312 Net other comprehensive income 49,841 12,883 62,724 Balance at December 31, 2022 41,283 (131,359) (90,076) Other comprehensive income before reclassifications 5,225 129,459 134,684 Amount reclassified from AOCI (17,158) — (17,158) Net other comprehensive income (loss) (11,933) 129,459 117,526 Balance at December 31, 2023 29,350 (1,900) 27,450 Other comprehensive income (loss) before reclassifications 10,529 (354,730) (344,201) Amount reclassified from AOCI (18,361) — (18,361) Net other comprehensive loss (7,832) (354,730) (362,562) Balance at December 31, 2024 $ 21,518 $ (356,630) $ (335,112) See Note 7 – Fair Value Measurements for further discussion and disclosure of the fair value of our interest rate swap that has been designated as a cash flow hedge. 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: Year Ended December 31, 2024 2023 2022 Weighted average common shares—basic 230,124,255 228,628,390 224,809,558 Effect of dilutive shares: Stock options and restricted stock 2,686,001 2,348,936 6,747,308 Convertible senior notes 3,542,193 — — Weighted average common shares—diluted 236,352,449 230,977,326 231,556,866 The following table shows securities excluded from the calculation of diluted net income per common share because such securities were anti-dilutive: Year Ended December 31, 2024 2023 2022 Options to purchase shares of common stock — 3,750 3,750 Restricted and deferred stock awards—unvested 1,518,940 2,527,463 2,218,563 Conversion shares related to convertible senior notes 14,946,450 13,004,660 11,864,035 Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding 16,465,390 15,535,873 14,086,348

SEGMENTS AND REVENUE RECOGNITIO

SEGMENTS AND REVENUE RECOGNITION	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
SEGMENT DATA	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. There were no customers that individually accounted for more than 10% of our consolidated revenue in any year. The Company’s Chief Executive Officer is the chief operating decision maker (“CODM”) and evaluates the operating performance of our operating segments based on AOI. The CODM uses segment AOI for evaluating performance of each segment and for making decisions on allocating capital and other resources to each segment. We have not identified any segment expenses that are considered significant and segment expenses are not regularly provided to the CODM. Other segments items are direct operating expenses and selling, general and administrative expenses (excluding acquisition expenses, amortization of non-recoupable ticketing contract advance, Astroworld estimated loss contingencies and stock-based compensation expense) which is the difference between each operating segment’s revenue and AOI. Concerts Our Concerts segment involves the promotion of live music events globally in our owned or operated venues and in rented third-party venues, the production of music festivals, the operation and management of music venues, the creation or streaming of associated content and the provision of management and other services to artists. This segment generates revenue from the promotion or production of live music events and festivals in our owned or operated venues and in rented third-party venues, artist management commissions and the sale of merchandise for music artists at events. As a promoter and venue operator, we earn revenue primarily from the sale of tickets, concessions, merchandise, parking, ticket rebates or service charges on tickets sold by Ticketmaster or third-party ticketing platforms, and rental of our owned or operated venues. As an artist manager, we earn commissions on the earnings of the artists and other clients we represent, primarily derived from clients’ earnings for concert tours. Over 97% of Concerts’ revenue, whether related to promotion, venue operations, artist management or artist event merchandising, is recognized on the day of the related event. The majority of consideration for our Concerts segment is collected in advance of or on the day of the event. Consideration received in advance of the event is recorded as deferred revenue or in long-term liabilities if the event is more than twelve months from the balance sheet date. Any consideration not collected by the day of the event is typically received within three months after the event date. Ticketing Our Ticketing segment involves the management of our global ticketing operations, including providing ticketing software and services to clients, and consumers with a marketplace, both online and mobile, for tickets and event information, and is responsible for our primary ticketing website, www.ticketmaster.com . Ticket fee revenue is generated from convenience and order processing fees, or service charges, charged at the time a ticket for an event is sold in either the primary or secondary markets. A significant portion of our service charges are payable to the venue and credit card vendors. The Ticketing segment is primarily an agency business that sells tickets for events on behalf of its clients, which include venues, concert promoters, professional sports franchises and leagues, college sports teams, theater producers and museums. This segment records revenue arising from convenience and order processing fees, regardless of whether these fees are related to tickets sold in the primary or secondary market, and regardless of whether these fees are associated with our concert events or third-party clients’ concert events. We do not record the face value of the tickets as revenue. Ticket fee revenue is recognized when the ticket is sold for third-party clients and secondary market sales, as we have no further obligation to our client’s customers following the sale of the ticket. For our concert events where our concert promoters control ticketing, ticket fee revenue is recognized when the event occurs because we also have the obligation to deliver the event to the fan. The delivery of the ticket to the fan is not considered a distinct performance obligation for our concert events because the fan cannot receive the benefits of the ticket unless we also fulfill our obligation to deliver the event. The majority of ticket fee revenue is collected within the month of the ticket sale. Revenue received from the sale of tickets in advance of our concert events is recorded as deferred revenue or in other long-term liabilities if the date of the event is more than twelve months from the balance sheet date. Reported revenue is net of any refunds made or committed to and also the impact of any cancellations of events that occurred during the period and up to the time of filing these consolidated financial statements. Ticketing contract advances, which can be either recoupable or non-recoupable, represent amounts paid in advance to our clients pursuant to ticketing agreements and are reflected in prepaid expenses or in long-term advances if the amount is expected to be recouped or recognized over a period of more than twelve months. Recoupable ticketing contract advances are generally recoupable against future royalties earned by the client, based on the contract terms, over the life of the contract. Royalties are typically earned by the client when tickets are sold. Royalties paid to clients are recorded as a reduction to revenue when the tickets are sold and the corresponding service charge revenue is recognized. Non-recoupable ticketing contract advances, excluding those amounts paid to support clients’ advertising costs, are fixed additional incentives occasionally paid by us to certain clients to secure the contract and are typically amortized over the life of the contract on a straight-line basis as a reduction to revenue. At December 31, 2024 and 2023, we had ticketing contract advances of $158.1 million and $143.9 million, respectively, in prepaid expenses and $128.9 million and $135.6 million, respectively, in long-term advances. We amortized $88.7 million, $83.7 million and $79.0 million for the years ended December 31, 2024, 2023 and 2022 respectively, related to non-recoupable ticketing contract advances. Sponsorship & Advertising Our Sponsorship & Advertising segment manages the development of strategic sponsorship programs in addition to the sale of international, national and local sponsorships and placement of advertising such as signage, promotional programs, rich media offerings, including advertising associated with live streaming and music-related content, and ads across our distribution network of venues, events and websites. This segment generates revenue from sponsorship and marketing programs that provide its sponsors with strategic, international, national and local opportunities to reach customers through our venue, concert and ticketing assets, including advertising on our websites. These programs can also include custom events or programs for the sponsors’ specific brands, which are typically experienced exclusively by the sponsors’ customers. Sponsorship agreements may contain multiple elements, which provide several distinct benefits to the sponsor over the term of the agreement, and can be for a single or multi-year term. We also earn revenue from exclusive access rights provided to sponsors in various categories such as ticket pre-sales, beverage pouring rights, venue naming rights, media campaigns, signage within our venues, and advertising on our websites. Revenue from sponsorship agreements is allocated to the multiple elements based on the relative stand-alone selling price of each separate element, which are determined using vendor-specific evidence, third-party evidence or our best estimate of the fair value. Revenue is recognized over the term of the agreement or operating season as the benefits are provided to the sponsor unless the revenue is associated with a specific event, in which case it is recognized when the event occurs. Revenue is collected in installment payments during the year, typically in advance of providing the benefit or the event. Revenue received in advance of the event or the sponsor receiving the benefit is recorded as deferred revenue or in other long-term liabilities if the date of the event is more than twelve months from the balance sheet date. At December 31, 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 41%, 29%, 16% and 14% of this revenue in 2025, 2026, 2027 and thereafter, respectively. The following table presents the results of operations for our reportable segments for the years ending December 31, 2024, 2023 and 2022: Concerts Ticketing Sponsorship Other & Eliminations Corporate Consolidated (in thousands) 2024 Revenue $ 19,024,302 $ 2,988,685 $ 1,195,019 $ (52,381) $ — $ 23,155,625 % of Consolidated Revenue 82.2% 12.9% 5.2% (0.3)% Other Segment Items 18,494,554 1,865,097 431,242 (24,121) 242,955 21,009,727 AOI $ 529,748 $ 1,123,588 $ 763,777 $ (28,260) $ (242,955) $ 2,145,898 Intersegment revenue $ 29,633 $ 22,220 $ 528 $ (52,381) $ — $ — Capital expenditures $ 491,691 $ 87,925 $ 24,507 $ — $ 33,508 $ 637,631 2023 Revenue (1) $ 18,740,913 $ 2,959,477 $ 1,095,217 $ (69,290) $ — $ 22,726,317 % of Consolidated Revenue 82.5% 13.0% 4.8% (0.3)% Other Segment Items 18,420,516 1,819,344 420,080 (29,716) 214,974 20,845,198 AOI (2) $ 320,397 $ 1,140,133 $ 675,137 $ (39,574) $ (214,974) $ 1,881,119 Intersegment revenue $ 17,773 $ 51,517 $ — $ (69,290) $ — $ — Capital expenditures $ 346,392 $ 68,991 $ 18,250 $ — $ 35,118 $ 468,751 2022 Revenue $ 13,494,100 $ 2,238,618 $ 968,146 $ (19,610) $ — $ 16,681,254 % of Consolidated Revenue 80.9% 13.4% 5.8% (0.1)% Other Segment Items 13,319,260 1,425,904 376,174 (5,061) 167,882 15,284,159 AOI (2) $ 174,840 $ 812,714 $ 591,972 $ (14,549) $ (167,882) $ 1,397,095 Intersegment revenue $ 12,821 $ 8,643 $ — $ (21,464) $ — $ — Capital expenditures $ 277,133 $ 70,739 $ 19,383 $ (17) $ 9,680 $ 376,918 ___________________ (1) Prior period revenue was revised as further discussed in Note 2 – Correction of Errors in Previously Reported Consolidated Financial Statements. For the year ended December 31, 2023, the revision decreased our Concerts segment revenue by $22.8 million. (2) Prior period AOI was revised as further discussed in Note 2 – Correction of Errors in Previously Reported Consolidated Financial Statements. For the years ended December 31, 2023 and December 31, 2022, the revision decreased our Concerts segment AOI by $5.1 million and increased AOI by $5.1 million, respectively. For the years ended December 31, 2023 and December 31, 2022, the revision increased our Ticketing segment AOI by $23.8 million and decreased AOI by $15.2 million, respectively. The following table sets forth the reconciliation of consolidated AOI to operating income for the for the years ended December 31, 2024, 2023 and 2022: 2024 2023 2022 (in thousands) AOI (1) $ 2,145,898 $ 1,881,119 $ 1,397,095 Acquisition expenses 128,513 93,664 68,078 Amortization of non-recoupable ticketing contract advance 88,717 83,693 79,043 Depreciation and amortization 549,923 516,797 449,976 Gain on sale of operating assets (11,015) (13,927) (32,082) Astroworld estimated loss contingencies 454,902 — — Stock-based compensation expense 110,348 115,959 110,049 Operating income (1) $ 824,510 $ 1,084,933 $ 722,031 ___________________ (1) For the years ended December 31, 2023 and December 31, 2022, the revision increased our AOI and operating income by $18.7 million for 2023 and decreased our AOI and operating income by $10.1 million for 2022, respectively. See further discussion in Note 2 – Correction of Errors in Previously Reported Consolidated Financial Statements. 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. At December 31, 2024, 2023 and 2022, we had current deferred revenue of $3.7 billion, $3.4 billion and $3.1 billion, respectively. The table below summarizes the amount of prior year current deferred revenue recognized during the years ended December 31, 2024 and 2023: December 31, 2024 2023 (in thousands) Concerts $ 3,046,474 $ 2,757,149 Ticketing 176,901 142,940 Sponsorship & Advertising 96,988 126,530 $ 3,320,363 $ 3,026,619

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION In December 2005, we adopted our 2005 Stock Incentive Plan, which has been amended and/or restated on several occasions. In connection with our merger with Ticketmaster Entertainment LLC, we adopted the Amended and Restated Ticketmaster 2008 Stock & Annual Incentive Plan. The plans authorize us to grant stock option awards, director shares, stock appreciation rights, restricted stock and deferred stock awards, other equity-based awards and performance awards. We have granted restricted stock awards, options to purchase our common stock and deferred stock awards to employees, directors, consultants, and our affiliates under the stock incentive plans at no less than the fair market value of the underlying stock on the date of grant. The stock incentive plans contain anti-dilutive provisions that require the adjustment of the number of shares of our common stock represented by, and the exercise price of, each option for any stock splits or stock dividends. The ten The following is a summary of stock-based compensation expense we recorded during the respective periods: Year Ended December 31, 2024 2023 2022 (in thousands) Selling, general and administrative expenses $ 50,668 $ 40,751 $ 45,214 Corporate expenses 59,680 75,208 64,835 Total $ 110,348 $ 115,959 $ 110,049 As of December 31, 2024, there was $103.9 million of total unrecognized compensation cost related to stock-based compensation arrangements for stock options, restricted stock and deferred stock awards. This cost is expected to be recognized over a weighted-average period of 2.4 years. Stock Options Stock options are granted for a term not exceeding ten years and the non-vested options are generally forfeited in the event the employee, director or consultant terminates his or her employment or relationship with us or one of our affiliates. Any options that have vested at the time of termination are forfeited to the extent they are not exercised within the applicable post-employment exercise period provided in their option agreements. These options typically vest over one The following table presents a summary of our stock options outstanding at the dates given, and stock option activity for the period between such dates (“Price” reflects the weighted average exercise price per share): Year Ended December 31, 2024 2023 2022 Options Price Options Price Options Price (in thousands, except per share data) Outstanding January 1 2,366 $ 32.85 3,257 $ 29.78 7,720 $ 18.24 Exercised (851) 30.57 (891) 21.63 (4,461) 9.79 Forfeited or expired (1) 63.29 — — (2) 70.26 Outstanding December 31 1,514 $ 34.12 2,366 $ 32.85 3,257 $ 29.78 Exercisable December 31 1,513 $ 34.09 2,362 $ 32.78 3,171 $ 29.02 Weighted average fair value per option granted $ — $ — $ — The total intrinsic value of stock options exercised during the years ended December 31, 2024, 2023 and 2022 was $60.4 million, $58.3 million and $390.9 million, respectively. Cash received from stock option exercises for the years ended December 31, 2024, 2023 and 2022 was $26.1 million, $19.3 million and $35.8 million, respectively. There were 7.4 million shares available for future grants under the stock incentive plan at December 31, 2024. Upon share option exercise or vesting of restricted or deferred stock, we issue new shares or treasury shares to fulfill these grants. Vesting dates on the stock options is March 2025, and expiration dates range from January 2025 to March 2031 at exercise prices and average contractual lives as follows: Range of Outstanding Weighted Weighted Average Exercise Price Exercisable Weighted Weighted (in thousands) (in years) (in thousands) (in years) $15.00 - $19.99 510 1.1 $ 19.36 510 1.1 $ 19.36 $20.00 - $24.99 5 1.3 $ 23.43 5 1.3 $ 23.43 $25.00 - $29.99 484 2.2 $ 28.99 484 2.2 $ 28.99 $30.00 - $44.99 145 3.2 $ 44.05 145 3.2 $ 44.05 $45.00 - $60.99 357 4.2 $ 56.79 357 4.2 $ 56.79 $61.00 - $89.99 13 6.0 $ 74.39 12 6.0 $ 73.19 The total intrinsic value of options outstanding and options exercisable as of December 31, 2024 was $144.4 million and $144.4 million, respectively. Restricted Stock We have granted restricted stock awards to our employees, directors and consultants under our stock incentive plan. These common shares carry a legend which typically restricts their transferability for a term of one For the year ended December 31, 2024, we granted 0.3 million shares of restricted stock and 0.4 million shares of performance-based awards, respectively, under our stock incentive plan. These awards will all vest on the grant date or over a period of one year to four years with the exception of the performance-based awards which will vest within two years if the performance criteria are met. For the year ended December 31, 2023, we granted 0.4 million shares of restricted stock and 0.4 million shares of performance-based awards, respectively, under our stock incentive plan. These awards will all vest on the grant date or over a period of two months to four years with the exception of the performance-based awards which will vest within two years if the performance criteria are met. For the year ended December 31, 2022, we granted 1.8 million shares of restricted stock and 0.2 million shares of performance-based awards, respectively, under our stock incentive plan. These awards will vest on the grant date or over a period of one month to six years with the exception of the performance-based awards which will vest within two years if the performance criteria are met. The following table presents a summary of our unvested restricted stock awards outstanding at December 31, 2024, 2023 and 2022 (“Price” reflects the weighted average share price at the date of grant): Restricted Stock Awards Price (in thousands, except per share data) Unvested at December 31, 2021 860 $ 78.48 Granted 2,002 103.34 Forfeited (22) 80.57 Vested (1,844) 99.68 Unvested at December 31, 2022 996 $ 89.22 Granted 841 70.51 Forfeited (7) 92.06 Vested (357) 89.93 Unvested at December 31, 2023 1,473 $ 78.34 Granted 749 96.49 Forfeited (32) 85.51 Vested (710) 81.84 Unvested at December 31, 2024 1,480 $ 85.70 The total grant date fair market value of the shares issued upon the vesting of restricted stock awards during the years ended December 31, 2024, 2023 and 2022 was $58.1 million, $32.2 million and $183.8 million, respectively. Deferred Stock We granted deferred stock awards to our employees where the employees are entitled to receive shares of common stock in the future. Deferred stock can only be settled in stock as determined at the time of the grant. All of the deferred stock awards require us to achieve minimum market conditions in order for these awards to issue and vest. For the year ended December 31, 2024, we granted 33 thousand shares of deferred stock awards with market conditions under the Company’s stock incentive plans. These awards will vest over five years if specified stock prices are achieved over a specific number of days during the five years. For the year ended December 31, 2023, we granted 0.3 million shares of deferred stock awards with market conditions under the Company’s stock incentive plans. These awards will vest over five years if specified stock prices are achieved over a specific number of days during the five years. For the year ended December 31, 2022, we granted 2.2 million shares of deferred stock awards with market conditions under our stock incentive plans. These awards will vest over five five The following assumptions were used to calculate the fair value of the deferred stock awards with market conditions on the date of grant: Year Ended December 31, 2024 2023 2022 Risk-free interest rate 4.17 % 4.47 % 2.85% - 3.69% Volatility factors 40.57 % 39.33 % 45.10% - 45.99% Weighted average expected life (in years) 4.84 5.22 5.27 The following table presents a summary of our unvested deferred stock awards outstanding at December 31, 2024, 2023 and 2022 (“Price” reflects the weighted average grant date fair value): Deferred Stock Awards Price (in thousands, except per share data) Unvested at December 31, 2021 2,192 $ 26.56 Awarded 2,160 59.79 Forfeited — — Vested (2,192) 26.56 Unvested at December 31, 2022 2,160 $ 59.79 Awarded 289 70.47 Forfeited — — Vested — — Unvested at December 31, 2023 2,449 $ 61.05 Awarded 33 76.61 Forfeited — — Vested (486) 66.87 Unvested at December 31, 2024 1,996 $ 59.89

OTHER INFORMATION

OTHER INFORMATION	12 Months Ended
	Dec. 31, 2024
Balance Sheet Related Disclosures [Abstract]
OTHER INFORMATION	OTHER INFORMATION December 31, 2024 2023 As Revised (in thousands) The following details the components of “Other current assets”: Inventory $ 50,145 $ 45,141 Notes receivable 32,018 43,846 Other 107,365 33,176 Total other current assets $ 189,528 $ 122,163 The following details the components of “Other long-term assets”: Investments in nonconsolidated affiliates $ 504,194 $ 447,494 Deferred income tax assets 577,932 42,840 Notes receivable 226,021 176,133 Other 472,819 268,382 Total other long-term assets $ 1,780,966 $ 934,849 The following details the components of “Accrued expenses”: Accrued compensation and benefits $ 512,531 $ 529,987 Accrued event expenses 934,560 1,154,861 Accrued insurance 316,967 264,770 Accrued legal 284,544 24,515 Collections on behalf of others 120,873 82,253 Accrued ticket refunds 18,263 21,196 Other 869,596 953,230 Total accrued expenses $ 3,057,334 $ 3,030,812 The following details the components of “Other current liabilities”: Contingent and deferred purchase consideration $ 40,801 $ 98,835 Other 22,089 29,595 Total other current liabilities $ 62,890 $ 128,430 The following details the components of “Other long-term liabilities”: Deferred income tax liabilities $ 140,151 $ 324,698 Deferred revenue 120,064 60,555 Contingent and deferred purchase consideration 20,735 29,161 Other 196,813 73,745 Total other long-term liabilities $ 477,763 $ 488,159

GEOGRAPHIC DATA

GEOGRAPHIC DATA	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
GEOGRAPHIC DATA	GEOGRAPHIC DATA The following table provides revenue and long-lived assets, including operating lease assets, for our foreign operations included in the consolidated financial statements: Europe Other Foreign Total Foreign Domestic Consolidated Total (in thousands) 2024 Revenue $ 4,621,210 $ 4,160,359 $ 8,781,569 $ 14,374,056 $ 23,155,625 Long-lived assets, including operating lease assets $ 825,909 $ 348,913 $ 1,174,822 $ 2,885,083 $ 4,059,905 2023 Revenue (1) $ 4,425,854 $ 4,085,191 $ 8,511,045 $ 14,215,272 $ 22,726,317 Long-lived assets, including $ 819,426 $ 306,725 $ 1,126,151 $ 2,581,701 $ 3,707,852 2022 Revenue $ 3,160,268 $ 2,474,495 $ 5,634,763 $ 11,046,491 $ 16,681,254 Long-lived assets, including $ 771,230 $ 226,752 $ 997,982 $ 2,061,076 $ 3,059,058 ___________________ (1) For the year ended December 31, 2023, the revision decreased our domestic revenue by $22.8 million. See further discussion in Note 2 – Correction of Errors in Previously Reported Consolidated Financial Statements.

SCHEDULE II VALUATION AND QUALI

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Dec. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	LIVE NATION ENTERTAINMENT, INC. SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS Allowance for Doubtful Accounts Description Balance at Beginning of Period Charges of Costs, Expenses and Other Write-off of Accounts Receivable Other Balance at End of Period (in thousands) Year ended December 31, 2022 $ 50,491 $ 29,281 $ (10,364) $ (6,114) $ 63,294 Year ended December 31, 2023 $ 63,294 $ 32,645 $ (10,771) $ (2,818) $ 82,350 Year ended December 31, 2024 $ 82,350 $ 10,430 $ (22,901) $ 2,784 $ 72,663 LIVE NATION ENTERTAINMENT, INC. SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS Deferred Tax Asset Valuation Allowance Description Balance at Beginning of Period Charges of Costs, Expenses and Other Deletions Other (1) Balance at End of Period (in thousands) Year ended December 31, 2022 $ 1,219,496 $ 38,811 $ — $ (17,426) $ 1,240,881 Year ended December 31, 2023 $ 1,240,881 $ (93,450) $ — $ 46,943 $ 1,194,374 Year ended December 31, 2024 $ 1,194,374 $ (650,231) $ — $ 25,352 $ 569,495 ____________ (1) During 2024, 2023 and 2022, the valuation allowance was adjusted for acquisitions, divestitures and foreign currency adjustments.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net income attributable to common stockholders of Live Nation	$ 297,970	$ (54,475)	$ 270,020	$ (1,673)	$ 243,495	$ 268,347	$ 896,287	$ 556,893	$ 266,440

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

THE COMPANY AND SUMMARY OF SI_2

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation Our consolidated financial statements include all of our accounts, including our majority owned and controlled subsidiaries and VIEs for which we are the primary beneficiary. Intercompany accounts among the consolidated businesses have been eliminated in consolidation. Net income (loss) attributable to noncontrolling interests is reflected in the statements of operations. Typically, we consolidate entities in which we own more than 50% of the voting common stock and control operations and also VIEs for which we are the primary beneficiary. Investments in nonconsolidated affiliates in which we own more than 20% of the voting common stock or otherwise exercise significant influence over operating and financial policies but not control of the nonconsolidated affiliate are accounted for using the equity method of accounting. Investments in nonconsolidated affiliates in which we own less than 20% of the voting common stock and do not exercise significant influence over operating and financial policies are accounted for at fair value unless the investment does not have a readily determinable fair value in which case the investment is accounted for at cost less any impairment. All of our cash flow activity reflected on the consolidated statements of cash flows is presented net of any non-cash transactions so the amounts reflected may be different than amounts shown in other places in our consolidated financial statements that are based on accrual accounting and therefore include non-cash amounts. For example, purchases of property, plant and equipment reflected on the consolidated statements of cash flows reflect the amount of cash paid during the year for these purchases and does not include the impact of the changes in accrued expenses related to capital expenditures during the year.
Variable Interest Entities	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 December 31, 2024 and 2023, excluding intercompany balances and allocated goodwill and intangible assets, there were approximately $840 million and $940 million of assets and $578 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.
Nonconsolidated Affiliates	Nonconsolidated Affiliates In general, nonconsolidated investments in which we own more than 20% of the common stock or otherwise exercise significant influence over an affiliate are accounted for under the equity method. We review the value of equity method investments and record impairment charges in the statements of operations for any decline in value that is determined to be other-than-temporary. If we obtain control of a nonconsolidated affiliate through the purchase of additional ownership interest or changes in the governing agreements, we remeasure our investment to fair value first and then apply the accounting guidance for business combinations. Any gain or loss resulting from the remeasurement to fair value is recorded as a component of other expense (income), net in the statements of operations.
Cash and Cash Equivalents	Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents include all highly liquid investments with an original maturity of three months or less. Our cash and cash equivalents include domestic and foreign bank accounts as well as interest-bearing accounts consisting primarily of bank deposits and money market accounts managed by third-party financial institutions. These balances are stated at cost, which approximates fair value. Restricted cash primarily consists of cash held in escrow accounts to fund capital improvements of certain leased or operated venues. The cash is held in these accounts pursuant to the related lease or operating agreement. Included in the December 31, 2024 and 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. Cash held in interest-bearing operating accounts in many cases exceeds the Federal Deposit Insurance Corporation insurance limits. To reduce our credit risk, we monitor the credit standing of the financial institutions that hold our cash and cash equivalents; however, these balances could be impacted in the future if the underlying financial institutions fail. To date, we have experienced no loss of or lack of access to our cash or cash equivalents; however, we can provide no assurances that access to our cash and cash equivalents will not be impacted in the future by adverse conditions in the financial markets.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts We evaluate the collectability of our accounts receivable based on a combination of factors. Generally, we record reserves based on the amount of cash we expect to receive when an account receivable balance is established. Our reserve estimate is primarily based on our historical accounts receivable write-offs. We adjust the historical reserve estimate applied to current accounts receivable when events or circumstances change, such as changes in current economic conditions or there is a significant deterioration in our accounts receivable aging, indicating that the reserve estimate may be insufficient to cover the expected loss. We generally apply a portfolio approach to all of our accounts receivable based on reporting unit unless there are facts and circumstances that indicate a specific group of customers is at greater risk of nonpayment. We believe that the credit risk with respect to trade receivables is limited due to the large number and the geographic diversification of our customers.
Prepaid Expenses	Prepaid Expenses
Ticketing Contract Advances	Ticketing contract advances, which can be either recoupable or non-recoupable, represent amounts paid in advance to our clients pursuant to ticketing agreements and are reflected in prepaid expenses or in long-term advances if the amount is expected to be recouped or recognized over a period of more than twelve months. Recoupable ticketing contract advances are generally recoupable against future royalties earned by our clients, based on the contract terms, over the life of the contract. Non-recoupable ticketing contract advances, excluding those amounts paid to support clients’ advertising costs, are fixed additional incentives occasionally paid by us to secure the contract with certain clients and are typically amortized over the life of the contract on a straight-line basis. Artist advances and ticketing contract advances are reviewed for recoverability whenever circumstances change, such as extended delays in an artist’s touring cycle, a decline in an artist’s tour earnings, lack of events on sale for a ticketing client or a decline in a client’s ticket sales, indicating that the advance may not be recoupable over the term of the agreement. We review various factors, including past recoupment amounts, timing of an artist’s last tour, expectations of future tours, ticketing clients’ historical ticket sales and expectations of clients’ future ticket sales, to determine if we believe the advance will recoup as expected. If an advance is not expected to be fully recoupable, a reserve is established to reduce the advance to the amount we expect to recoup. The reserves are recorded as a component of direct operating expenses in our consolidated statements of operations.
Business Combinations	Business Combinations During 2024, 2023 and 2022, we completed several acquisitions that were accounted for as business combinations under the acquisition method of accounting. When we make these acquisitions, we often acquire a controlling interest without buying 100% of the business. These acquisitions and the related results of operations were not significant on either an individual basis or in the aggregate for the years ended December 31, 2024, 2023 and 2022. We account for our business combinations under the acquisition method of accounting. Identifiable assets acquired, liabilities assumed and any noncontrolling interest in the acquiree are recognized and measured as of the acquisition date at fair value. Additionally, any contingent consideration is recorded at fair value on the acquisition date and classified as a liability. Goodwill is recognized to the extent by which the aggregate of the acquisition-date fair value of the consideration transferred and any noncontrolling interest in the acquiree exceeds the recognized basis of the identifiable assets acquired, net of assumed liabilities. Determining the fair value of assets acquired, liabilities assumed and noncontrolling interests requires management’s judgment and often involves the use of significant estimates and assumptions, including assumptions with respect to future cash flows, discount rates and asset lives among other items. In addition, when we have acquisitions where substantially all of the fair value of assets acquired is concentrated in a single asset or group of similar assets, we account for the acquisitions as asset acquisitions.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are stated at cost or fair value at the date of acquisition. Depreciation is computed using the straight-line method over their estimated useful lives, which are typically as follows: Buildings and improvements - 10 to 50 years Computer equipment and capitalized software - 3 to 10 years Furniture and other equipment - 3 to 10 years Leasehold improvements are depreciated over the shorter of the economic life or associated lease term. Expenditures for maintenance and repairs are charged to operations as incurred, whereas expenditures for asset renewal and improvements are capitalized. There is no depreciation expense included in direct operating expenses, selling, general and administrative expenses or corporate expenses. Our depreciation expense is presented as a separate line item, with amortization expense, in the statements of operations. We test for possible impairment of property, plant and equipment whenever events or circumstances change, such as a current period operating cash flow loss combined with a history of, or projections of, operating cash flow losses or a significant adverse change in the manner in which the asset is intended to be used, which could indicate that the carrying amount of the asset may not be recoverable. If indicators exist, we compare the estimated undiscounted future cash flows related to the asset to the carrying value of the asset. If the carrying value is greater than the estimated undiscounted future cash flow amount, an impairment charge is recorded based on the difference between the fair value and the carrying value. Any such impairment charge is recorded in depreciation and amortization in the statements of operations. The impairment loss calculations require management to apply judgment in estimating future cash flows and the discount rates that reflect the risk inherent in future cash flows.
Intangible Assets	Intangible Assets We classify intangible assets as definite-lived or indefinite-lived. Definite-lived intangibles include revenue-generating contracts, client/vendor relationships, trademarks and naming rights, technology, non-compete agreements, and venue management and leasehold agreements, all of which are amortized either on a straight-line basis over the respective lives of the agreements, typically 3 to 10 years, or on a basis more representative of the time pattern over which the benefit is derived. We periodically review the appropriateness of the amortization periods related to our definite-lived intangible assets. These assets are stated at cost or fair value at the date of acquisition. Indefinite-lived intangibles consist of trade names and cryptocurrency assets which are not subject to amortization. Our amortization expense is presented as a separate line item, with depreciation expense, in the statements of operations. There is no amortization expense included in direct operating expenses, selling, general and administrative expenses or corporate expenses. We test for possible impairment of definite-lived intangible assets whenever events or circumstances change, such as a current period operating cash flow loss combined with a history of, or projections of, operating cash flow losses or a significant adverse change in the manner in which the asset is intended to be used, which could indicate that the carrying amount of the asset may not be recoverable. If indicators exist, we compare the estimated undiscounted future cash flows related to the asset to the carrying value of the asset. If the carrying value is greater than the estimated undiscounted future cash flow amount, an impairment charge is recorded based on the difference between the fair value and the carrying value. Any such impairment charge is recorded in depreciation and amortization in the statements of operations. For the years ended December 31, 2024, 2023 and 2022, there were no significant impairment charges. We test for possible impairment of indefinite-lived intangible assets at least annually. Depending on facts and circumstances, qualitative factors may first be assessed to determine whether the existence of events and circumstances indicate that it is more likely than not that an indefinite-lived intangible asset is impaired. If it is concluded that it is more likely than not impaired, we perform a quantitative impairment test by comparing the fair value with the carrying amount. When specific assets are determined to be impaired, the cost basis of the asset is reduced to reflect the current fair value. Any such impairment charge is recorded in depreciation and amortization in the statements of operations. The impairment loss calculations require management to apply judgment in estimating future cash flows, expected future revenue, discount rates and royalty rates that reflect the risk inherent in future cash flows. For the years ended December 31, 2024, 2023 and 2022, there were no significant impairment charges.
Goodwill	Goodwill We review goodwill for impairment annually, as of October 1, using a two-step process. We also test goodwill for impairment in other periods if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount or when we change our reporting units. The first step is a qualitative evaluation as to whether it is more likely than not that the fair value of any of our reporting units is less than its carrying value using an assessment of relevant events and circumstances. Examples of such events and circumstances include historical financial performance, industry and market conditions, macroeconomic conditions, reporting unit-specific events, historical results of goodwill impairment testing and the timing of the last performance of a quantitative assessment. We also considered changes in discount rates, market multiples, carrying values and forecast since the last quantitative test. If any reporting units are concluded to be more likely than not impaired, or if that conclusion cannot be determined qualitatively, a second step is performed for that reporting unit utilizing a quantitative approach. For the year ended December 31, 2024, as part of a refresh of the fair values of reporting units, as of July 1, 2024, three of our reporting units were assessed under quantitative analysis to support future qualitative evaluation. As of October 1, as required by our policy to perform goodwill tests annually as of October 1, 2024 these three reporting units were also assessed under the initial qualitative evaluation and did not advance to the quantitative analysis. As of October 1, 2024, the remaining three reporting units with goodwill were assessed under quantitative analysis to support future qualitative evaluation. All of our reporting units assessed under the quantitative analysis primarily used a discounted cash flows methodology, with a lesser weighting attributed to the market multiple approach. The discounted cash flows methodology estimates fair value by discounting the reporting unit’s estimated future cash flows using a weighted-average cost of capital that reflects current market conditions and the risk profile of the reporting unit. Under the market multiple approach, the estimated fair value of the reporting unit was estimated by applying market multiples derived from stock prices of companies that are engaged in the same or similar lines of business as the reporting unit and that are actively traded on a free and open market. The derived multiples are then applied to the reporting unit’s financial metrics. For the year ended December 31, 2023, as part of our annual test for impairment, one of our reporting units, which accounted for approximately 12% of our goodwill at December 31, 2023, was assessed under the quantitative analysis. The remaining reporting units with goodwill were assessed under the initial qualitative evaluation and did not advance to the quantitative analysis. For the year ended December 31, 2022, as part of our annual test for impairment, all of our reporting units with goodwill were assessed under the initial qualitative evaluation and did not advance to the quantitative analysis. No impairment charges were recorded for the years ended December 31, 2024, 2023 and 2022.
Leases	Leases We lease office space, many of our concert venues, festival sites and certain equipment. We record a lease asset and liability on our consolidated balance sheets at the inception of the lease or when we take possession of the leased space or equipment, if later, based on the required payments over the term of the lease. We do not recognize a lease asset or liability for leases with an initial term of twelve months or less, including multi-year festival site leases where the sum of the non-consecutive periods of rental time is less than twelve months. Rent expense for these short-term leases is generally recognized on a straight-line basis over the lease term. Some of our lease agreements contain annual rental escalation clauses, as well as provisions for us to pay the related utilities and maintenance. We have elected to account for the lease components (i.e., fixed payments including rent and parking) and non-lease components (i.e., common-area maintenance costs) as a single lease component. Many of our lease agreements contain renewal options that can extend the lease for additional terms typically ranging from one In addition to fixed rental payments, many of our leases contain contingent rental payments based on a percentage of revenue, tickets sold or other variables, while others include periodic adjustments to rental payments based on the prevailing inflationary index or market rental rates. Contingent rent obligations are not included in the initial measurement of the lease asset or liability and are recognized as rent expense in the period that the contingency is resolved. Our leases do not contain any material residual value guarantees or restrictive covenants. We measure our lease assets and liabilities using an incremental borrowing rate which varies from lease to lease depending on geographical location and length of the lease.
Accounts Payable, Client Accounts	Accounts Payable, Client Accounts
Income Taxes	Income Taxes We account for income taxes using the liability method which results in deferred tax assets and liabilities based on differences between financial reporting bases and tax bases of assets and liabilities and are measured using the enacted tax rates expected to apply to taxable income in the periods in which the deferred tax asset or liability is expected to be realized or settled. We assess the realizability of our deferred tax assets, considering all relevant factors, at each reporting period. As almost all earnings from our continuing foreign operations are permanently reinvested and not distributed, our income tax provision does not include additional United States state and foreign withholding or transaction taxes on those foreign earnings that would be incurred if they were distributed. It is not practicable to determine the amount of state and foreign income taxes, if any, that might become due in the event that any remaining available cash associated with these earnings were distributed. The FASB guidance for income taxes prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The amount recognized is measured as the largest amount of benefit that is more likely than not to be realized upon ultimate settlement. We have established a policy of including interest related to tax loss contingencies in income tax expense (benefit) in the statements of operations. We treat the taxes due on future Global Intangible Low-Taxed Income (“GILTI”) inclusions in United States taxable income as a current-period expense when incurred.
Revenue Recognition	Revenue Recognition Revenue from the promotion or production of an event in our Concerts segment is recognized when the event occurs. Consideration collected in advance of the event is recorded as deferred revenue until the event occurs. Revenue collected from sponsorship agreements, which is not related to a single event, is classified as deferred revenue and recognized over the term of the agreement or operating season as the benefits are provided to the sponsor. Revenue from our ticketing operations primarily consists of service fees charged at the time a ticket for an event is sold in either the primary or secondary markets. For primary tickets sold to our concert and festival events, where our concert promoters control ticketing, the revenue for the associated ticket service charges collected in advance of the event is recorded as deferred revenue until the event occurs and these service charges are shared between our Ticketing and Concerts segments. For primary tickets sold for events of third-party clients and secondary market sales, the revenue is recognized at the time of the sale and is recorded by our Ticketing segment. Amortization of nonrecoupable ticketing contract advances is recorded as a reduction to revenue. We account for taxes that are externally imposed on revenue producing transactions on a net basis. Gross versus Net Revenue Recognition
Business Interruption Insurance Recovery	Business Interruption Insurance Recovery We record revenue or offset expense for covered business interruptions in the period we determine it is probable we will be compensated for the costs incurred or the applicable contingencies with the insurance company are resolved for lost revenue. This may result in business interruption insurance recoveries being recorded in a period subsequent to the period we experience lost revenue and/or incurred the expenses from a covered event that are being reimbursed. For the years ended December 31, 2024, 2023 and 2022, we recorded business interruption insurance recoveries of $51.3 million, $41.5 million and $38.8 million, respectively. The recoveries were for a variety of claims and primarily recorded as revenue.
Foreign Currency	Foreign Currency Results of operations for foreign subsidiaries and foreign equity investees are translated into United States dollars using the average exchange rates during the year. The assets and liabilities of those subsidiaries and investees are translated into United States dollars using the exchange rates at the balance sheet date. The related translation adjustments are recorded in a separate component of stockholders’ equity in AOCI. Foreign currency transaction gains and losses are included in the statements of operations and include the impact of revaluation of certain foreign currency denominated net assets or liabilities held internationally. For the year ended December 31, 2024, we recorded net foreign currency transaction gains of $14.7 million. For the years ended December 31, 2023 and December 31, 2022 , we recorded net foreign currency transaction los ses of $74.5 million and $55.8 million, respectively.
Advertising Expense	Advertising Expense We record advertising expense in the year that it is incurred. Throughout the year, general advertising expenses are recognized as they are incurred, but event-related advertising for concerts is recognized once the event occurs. If an event is rescheduled into the following year, the advertising costs are expensed in the period the event is rescheduled. However, all advertising costs incurred during the year and not previously recognized are expensed at the end of the year. Advertising expenses of $750.9 million, $706.2 million and $588.0 million for the years ended December 31, 2024, 2023 and 2022, respectively, were recorded as a component of direct operating expenses. Advertising expenses of $54.6 million, $47.7 million and $32.0 million for the years ended December 31, 2024, 2023 and 2022, respectively, were recorded as a component of selling, general and administrative expenses.
Direct Operating Expenses	Direct Operating Expenses
Selling, General and Administrative Expenses	Selling, General and Administrative Expenses
Legal Costs, Policy	Litigation Accruals We are currently involved in certain legal proceedings and, as required, have accrued our estimate of the probable costs for the resolution of these claims. Management’s estimates used have been developed in consultation with counsel and are based upon an analysis of potential results, 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.
Non-cash and Stock-based Compensation	Non-cash and Stock-based Compensation We follow the fair value recognition provisions in the FASB guidance for stock compensation. Stock-based compensation expense includes compensation expense for all share-based payments using the estimated grant date fair value. Stock-based compensation expense is adjusted for forfeitures as they occur. The fair value for options in Live Nation stock is estimated on the date of grant using the Black-Scholes option-pricing model. The fair value of the options is amortized to expense on a straight-line basis over the options’ vesting period. We use an expected volatility based on an even weighting of our own traded options and historical volatility. We use a weighted-average expected life based on historical experience calculated with the assistance of outside consultants. The risk-free rate for periods within the expected life of the option is based on the United States Treasury note rate. The fair value of restricted stock awards and deferred stock awards, which is generally the stock price on the date of grant, is amortized to expense on a straight-line basis over the vesting period except for restricted stock awards and deferred stock awards with minimum performance or market targets as their vesting condition. The performance-based awards are amortized to expense on a graded basis over the vesting period to the extent that it is probable that the performance criteria will be met. Market-based award fair values are estimated using a Monte Carlo simulation model and are then amortized to expense on a graded basis over the derived service period, which is estimated as the median weighted average vesting period from the Monte Carlo simulation models. However, unlike awards with a service or performance condition, the expense for market-based awards will not be reversed solely because the market condition is not satisfied.
Use of Estimates	Use of Estimates
Accounting Pronouncements	Accounting Standards Updates (ASU) In June 2022, the FASB issued ASU 2022-03, “ Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions ,” 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 ASU 2023-07, “ Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures ,” 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. We adopted this guidance as of January 1, 2024 for the year ended December 31, 2024 and retrospectively for the years ended December 31, 2023 and 2022, respectively. The Company’s Chief Executive Officer is the CODM and evaluates the operating performance of the Company’s operating segments based on AOI. The CODM uses segment AOI for evaluating performance of each segment and for making decisions on allocating capital and other resources to each segment. We have not identified any segments expenses that are considered significant and segment expenses are not regularly provided to the CODM. Other segments items are direct operating expenses and selling, general and administrative expenses (excluding acquisition expenses, amortization of non-recoupable ticketing contract advance, Astroworld estimated loss contingencies and stock-based compensation expense) which is the difference between each operating segment’s revenue and AOI as shown in Note 12 – Segments and Revenue Recognition. The adoption did not have a material impact on the Company’s consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, “ Income Taxes (Topic 740): Improvements to Income Tax Disclosures ,” which prescribes standardized categories and disaggregation of information in the reconciliation of provision for income taxes, requires disclosure of disaggregated income taxes paid, and modifies other income tax-related disclosure requirements. This guidance is effective for annual periods beginning after December 15, 2024 with early adoption permitted. ASU 2023-09 should be applied on a prospective basis, but retrospective application is permitted. The Company is currently evaluating the impact of adopting this guidance. In November 2024, the FASB issued ASU 2024-03, “ Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses ,” which requires the disclosure of additional information related to certain costs and expenses, including amounts of inventory purchases, employee compensation, and depreciation and amortization included in each income statement line item. The guidance also requires disclosure of the total amount of selling expenses and the Company’s definition of selling expenses. This guidance is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods within annual periods beginning after December 15, 2027, with early adoption permitted. The guidance is to be applied either prospectively to financial statements issued for reporting periods after the effective date or retrospectively to any or all prior periods presented in the financial statements. The Company is currently evaluating the impact of adopting this guidance.

CORRECTION OF ERRORS (Tables)

CORRECTION OF ERRORS (Tables)	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
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 statements of operations for the three months ended March 31, 2024 and for the six months ended June 30, 2024. There was no revision for the three months ended June 30, 2024. Three Months Ended March 31, 2024 Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 As Reported Adjustments As Revised As Reported As Revised (unaudited, in thousands except per share data) Direct operating expenses $ 2,646,457 $ 4,883 $ 2,651,340 $ 4,408,209 $ 7,059,549 Operating income (loss) (36,507) (4,883) (41,390) 465,819 424,429 Income (loss) before income taxes 3,197 (4,883) (1,686) 456,392 454,706 Income tax expense 35,414 5,605 41,019 80,164 121,183 Net income (loss) (32,217) (10,488) (42,705) 376,228 333,523 Net income attributable to noncontrolling interests 14,516 (2,746) 11,770 78,258 90,028 Net income (loss) attributable to common stockholders of Live Nation (46,733) (7,742) (54,475) 297,970 243,495 Basic net income (loss) per common share available to common stockholders of Live Nation (0.53) (0.03) (0.56) 1.05 0.48 Diluted net income (loss) per common share available to common stockholders of Live Nation (0.53) (0.03) (0.56) 1.03 0.48 The following table presents the impact of correcting the errors on the affected line items of our consolidated statements of comprehensive income (loss) for the three months ended March 31, 2024 and for the six months ended June 30, 2024. There was no revision for the three months ended June 30, 2024. Three Months Ended March 31, 2024 Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 As Reported Adjustments As Revised As Reported As Revised (unaudited, in thousands) Net income (loss) $ (32,217) $ (10,488) $ (42,705) $ 376,228 $ 333,523 Comprehensive income (loss) (23,849) (10,488) (34,337) 217,654 183,317 Comprehensive income attributable to noncontrolling interests 14,516 (2,746) 11,770 78,258 90,028 Comprehensive income (loss) attributable to common stockholders of Live Nation (38,365) (7,742) (46,107) 139,396 93,289	The following table presents the impact of correcting the errors on the affected line items of our consolidated statements of operations for the three months ended March 31, 2023, June 30, 2023 and for the six months ended June 30, 2023: Three Months Ended March 31, 2023 Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 As Reported Adjustments As Revised As Reported Adjustments As Revised As Revised (unaudited, in thousands except per share data) Revenue $ 3,127,390 $ (2,831) $ 3,124,559 $ 5,630,723 $ (2,209) $ 5,628,514 $ 8,753,073 Direct operating expenses 2,115,589 8,793 2,124,382 4,164,778 2,563 4,167,341 6,291,723 Operating income 142,776 (11,624) 131,152 386,371 (4,772) 381,599 512,751 Income before income taxes 68,032 (11,624) 56,408 372,985 (4,772) 368,213 424,621 Income tax expense 23,840 — 23,840 41,648 11,313 52,961 76,801 Net income 44,192 (11,624) 32,568 331,337 (16,085) 315,252 347,820 Net income attributable to noncontrolling interests 47,361 (13,120) 34,241 37,655 7,577 45,232 79,473 Net income (loss) attributable to common stockholders of Live Nation (3,169) 1,496 (1,673) 293,682 (23,662) 270,020 268,347 Basic net income (loss) per common share available to common stockholders of Live Nation (0.25) — (0.25) 1.04 (0.11) 0.93 0.69 Diluted net income (loss) per common share available to common stockholders of Live Nation (0.25) — (0.25) 1.02 (0.10) 0.92 0.68 The following table presents the impact of correcting the errors on the affected line items of our consolidated statements of comprehensive income for the three months ended March 31, 2023, June 30, 2023 and for the six months ended June 30, 2023: Three Months Ended March 31, 2023 Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 As Reported Adjustments As Revised As Reported Adjustments As Revised As Revised (unaudited, in thousands) Net income $ 44,192 $ (11,624) $ 32,568 $ 331,337 $ (16,085) $ 315,252 $ 347,820 Comprehensive income 116,843 (11,624) 105,219 408,015 (16,085) 391,930 497,149 Comprehensive income attributable to noncontrolling interests 47,361 (13,120) 34,241 37,655 7,577 45,232 79,473 Comprehensive income attributable to common stockholders of Live Nation 69,482 1,496 70,978 370,360 (23,662) 346,698 417,676	The following table presents the impact of correcting the errors on the affected line items of our consolidated statements of operations for the year ended December 31, 2023: Year Ended December 31, 2023 As Reported Adjustments As Revised (in thousands except per share data) Revenue $ 22,749,073 $ (22,756) $ 22,726,317 Direct operating expenses 17,292,016 (41,486) 17,250,530 Operating income 1,066,203 18,730 1,084,933 Income before income taxes 894,544 18,730 913,274 Income tax expense 160,227 49,249 209,476 Net income 734,317 (30,519) 703,798 Net income attributable to noncontrolling interests 171,037 (24,132) 146,905 Net income attributable to common stockholders of Live Nation 563,280 (6,387) 556,893 Basic net income per common share available to common stockholders of Live Nation 1.38 (0.03) 1.35 Diluted net income per common share available to common stockholders of Live Nation 1.37 (0.03) 1.34 The following table presents the impact of correcting the errors on the affected line items of our consolidated statements of comprehensive income for the year ended December 31, 2023: Year ended December 31, 2023 As Reported Adjustments As Revised (in thousands) Net income $ 734,317 $ (30,519) $ 703,798 Comprehensive income 851,843 (30,519) 821,324 Comprehensive income attributable to noncontrolling interests 171,037 (24,132) 146,905 Comprehensive income attributable to common stockholders of Live Nation 680,806 (6,387) 674,419 The following table presents the impact of correcting the errors on the affected line items of our consolidated statement of cash flow for the year ended December 31, 2023: Year Ended December 31, 2023 As Reported Adjustments As Revised (in thousands) Net income $ 734,317 $ (30,519) $ 703,798 Increase in accounts receivable (550,670) 24,931 (525,739) Increase in accounts payable, accrued expenses and other liabilities 460,496 (10,126) 450,370 Increase in deferred revenue 133,023 7,894 140,917 Net cash provided by operating activities 1,370,794 (7,820) 1,362,974 Net increase in cash, cash equivalents and restricted cash 626,582 (7,820) 618,762 Cash, cash equivalents and restricted cash at beginning of period 5,612,374 7,820 5,620,194	The following table presents the impact of correcting the errors on the affected line items of our consolidated statements of operations for the year ended December 31, 2022: Year Ended December 31, 2022 As Reported Adjustments As Revised (in thousands except per share data) Direct operating expenses $ 12,337,524 $ 10,087 $ 12,347,611 Operating income 732,118 (10,087) 722,031 Other expense, net 36,379 4,836 41,215 Income before income taxes 505,447 (14,923) 490,524 Income tax expense 96,254 19,687 115,941 Net income 409,193 (34,610) 374,583 Net income attributable to noncontrolling interests 113,207 (5,064) 108,143 Net income attributable to common stockholders of Live Nation 295,986 (29,546) 266,440 Basic net income per common share available to common stockholders of Live Nation 0.66 (0.13) 0.53 Diluted net income per common share available to common stockholders of Live Nation 0.64 (0.12) 0.52 The following table presents the impact of correcting the errors on the affected line items of our consolidated statements of comprehensive income for the year ended December 31, 2022: Year Ended December 31, 2022 As Reported Adjustments As Revised (in thousands) Net income $ 409,193 $ (34,610) $ 374,583 Other comprehensive income, net of tax, foreign currency translation adjustments 8,047 4,836 12,883 Comprehensive income 467,081 (29,774) 437,307 Comprehensive income attributable to noncontrolling interests 113,207 (5,064) 108,143 Comprehensive income attributable to common stockholders of Live Nation 353,874 (24,710) 329,164 The following table presents the impact of correcting the errors on the affected line items of our consolidated statement of cash flow for the for the year ended December 31, 2022: Year Ended December 31, 2022 As Reported Adjustments As Revised (in thousands) Net income $ 409,193 $ (34,610) $ 374,583 Increase in accounts receivable (463,977) 19,474 (444,503) Increase in accounts payable, accrued expenses and other liabilities 1,002,158 26,014 1,028,172 Increase in deferred revenue 367,617 (7,894) 359,723 Net cash provided by operating activities 1,832,063 2,984 1,835,047 Effect of exchange rate changes on cash, cash equivalents and restricted cash (179,450) 4,836 (174,614) Net increase in cash, cash equivalents and restricted cash 724,582 7,820 732,402 Cash, cash equivalents and restricted cash at end of period 5,612,374 7,820 5,620,194

LONG-LIVED ASSETS (Tables)

LONG-LIVED ASSETS (Tables)	12 Months Ended
	Dec. 31, 2024
LONG-LIVED ASSETS [Abstract]
Property, Plant and Equipment	Property, plant and equipment consisted of the following: December 31, 2024 2023 (in thousands) Land, buildings and improvements $ 2,325,929 $ 2,043,595 Computer equipment and capitalized software 867,294 888,065 Furniture and other equipment 757,803 646,966 Construction in progress 386,880 317,028 Property, plant and equipment, gross 4,337,906 3,895,654 Less: accumulated depreciation 1,896,034 1,794,191 Property, plant and equipment, net $ 2,441,872 $ 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 years ended December 31, 2024 and 2023: Revenue- Client / Venue management Trademarks Technology and Other (1) Total (in thousands) Balance as of December 31, 2022: Gross carrying amount $ 824,785 $ 563,210 $ 148,022 $ 188,596 $ 35,736 $ 1,760,349 Accumulated amortization (316,581) (209,518) (58,588) (97,931) (27,109) (709,727) Net 508,204 353,692 89,434 90,665 8,627 1,050,622 Gross carrying amount: Acquisitions and additions—current year 136,117 46,767 77,329 — 21,789 282,002 Acquisitions and additions—prior year (1,830) (6,681) (11) — — (8,522) Foreign exchange 57,797 17,070 3,960 8,151 (104) 86,874 Other (2) (91,612) (36,930) (2,512) (13,254) (37,201) (181,509) Net change 100,472 20,226 78,766 (5,103) (15,516) 178,845 Accumulated amortization: Amortization (103,756) (75,994) (22,186) (18,390) (17,303) (237,629) Foreign exchange (7,900) (3,019) (1,132) (1,448) (408) (13,907) Other (2) 91,612 36,882 2,688 13,733 38,775 183,690 Net change (20,044) (42,131) (20,630) (6,105) 21,064 (67,846) 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 52,406 35,273 7,331 7,551 171,014 Acquisitions and additions—prior year 826 4,066 3 — — 4,895 Foreign exchange (96,995) (32,993) (6,954) (14,096) (709) (151,747) Other (2) (77,947) (39,343) (23,930) (14,240) (825) (156,285) Net change (105,663) (15,864) 4,392 (21,005) 6,017 (132,123) Accumulated amortization: Amortization (111,711) (86,637) (23,978) (17,791) (9,142) (249,259) Foreign exchange 29,331 12,013 2,185 5,096 89 48,714 Other (2) 79,707 39,892 24,066 11,763 1,432 156,860 Net change (2,673) (34,732) 2,273 (932) (7,621) (43,685) Balance as of December 31, 2024: Gross carrying amount 819,594 567,572 231,180 162,488 26,237 1,807,071 Accumulated amortization (339,298) (286,381) (76,945) (104,968) (13,667) (821,259) Net $ 480,296 $ 281,191 $ 154,235 $ 57,520 $ 12,570 $ 985,812 ___________________ (1) Other primarily includes intangible assets for non-compete agreements. (2) Other primarily includes netdowns of fully amortized or impaired assets.
Weighted Average Lives of Additions to Definite-Lived Intangible Assets	The additions to definite-lived intangible assets from acquisitions have weighted-average lives as follows: Weighted-Average Life 2024 2023 (in years) Revenue-generating contracts 9 5 Client/vendor relationships 5 4 Trademarks and naming rights 6 0 Technology 3 3 Venue management 6 11 All categories 7 8
Estimate of Amortization Expense for Each of the Five Succeeding Fiscal Years for Definite-Lived Intangible Assets	The following table presents our estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets that exist at December 31, 2024: (in thousands) 2025 $ 223,347 2026 $ 187,016 2027 $ 149,931 2028 $ 129,323 2029 $ 109,702
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 years ended December 31, 2024 and 2023: Concerts Ticketing Sponsorship Total (in thousands) Balance as of December 31, 2022: Goodwill $ 1,349,426 $ 979,742 $ 635,575 $ 2,964,743 Accumulated impairment losses (435,363) — — (435,363) Net 914,063 979,742 635,575 2,529,380 Acquisitions—current year 90,298 — — 90,298 Acquisitions—prior year 1,657 143 — 1,800 Dispositions (6,183) — — (6,183) Foreign exchange 4,381 32,645 39,145 76,171 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 41,095 507 1,015 42,617 Acquisitions—prior year 4,136 — — 4,136 Foreign exchange (22,708) (48,816) (45,784) (117,308) Balance as of December 31, 2024: Goodwill 1,462,102 964,221 629,951 3,056,274 Accumulated impairment losses (435,363) — — (435,363) Net $ 1,026,739 $ 964,221 $ 629,951 $ 2,620,911

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Significant Components of Operating Lease Expense	The significant components of operating lease expense are as follows: Year Ended December 31, 2024 2023 (in thousands) Operating lease cost $ 264,339 $ 274,731 Variable and short-term lease cost 182,372 205,768 Sublease income (6,006) (7,687) Net lease cost $ 440,705 $ 472,812
Supplemental Cash Flow Information for our Operating Leases	Supplemental cash flow information for our operating leases is as follows: Year Ended December 31, 2024 2023 (in thousands) Cash paid for amounts included in the measurement of lease liabilities $ 249,052 $ 259,664 Lease assets obtained in exchange for lease obligations, net of terminations $ 249,501 $ 181,729
Lessee, Operating Lease, Liability, Maturity	Future maturities of our operating lease liabilities at December 31, 2024 are as follows: (in thousands) 2025 $ 258,840 2026 225,767 2027 251,785 2028 234,272 2029 213,955 Thereafter 1,943,700 Total lease payments 3,128,319 Less: Interest 1,294,647 Present value of lease liabilities $ 1,833,672
Weighted Average Remaining Lease Term And Discount Rate For Operating Leases	The weighted average remaining lease term and weighted average discount rate for our operating leases are as follows: Year Ended December 31, 2024 2023 Weighted average remaining lease term (in years) 14.5 13.0 Weighted average discount rate 6.24 % 6.16 %

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Summary of long-term debt	Long-term debt, which includes finance leases, consisted of the following: December 31, 2024 2023 (in thousands) Senior Secured Credit Facility: Term loan B $ 828,163 $ 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 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 83,957 400,000 3.125% Convertible Senior Notes due 2029 1,000,000 1,000,000 2.875% Convertible Senior Notes due 2030 1,100,000 — Other debt 529,257 511,210 Total principal amount 6,491,377 6,643,113 Less: unamortized discounts and debt issuance costs (53,308) (49,701) Total debt, net of unamortized discounts and debt issuance costs 6,438,069 6,593,412 Less: current portion 260,901 1,134,386 Total long-term debt, net $ 6,177,168 $ 5,459,026
Future maturities of long-term debt	Future maturities of debt at December 31, 2024 are as follows: (in thousands) 2025 $ 260,901 2026 1,421,182 2027 2,153,632 2028 1,515,468 2029 1,103,078 Thereafter 37,116 Total $ 6,491,377
Summary of pretax interest cost recognized on convertible senior notes	The following table summarizes the amount of pre-tax interest cost recognized on the convertible senior notes due 2025, 2029 and 2030 for the year ended December 31, 2024, convertible senior notes due 2025 and 2029 for the year ended December 31, 2023 and convertible senior notes due 2023 and 2025 for the year ended December 31, 2022: Year Ended December 31, 2024 2023 2022 (in thousands) Interest cost recognized relating to: Contractual interest coupon $ 41,202 $ 27,460 $ 21,750 Amortization of debt issuance costs 4,095 3,912 3,710 Total interest cost recognized on the convertible senior notes $ 45,297 $ 31,372 $ 25,460

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities Measured on Recurring Basis	In accordance with the fair value hierarchy described above, the following table shows the fair value of our financial assets and liabilities that are required to be measured at fair value on a recurring basis, which are classified on the balance sheets as cash and cash equivalents, other current assets, other long-term assets, other current liabilities and other long-term liabilities: Fair Value Measurements Fair Value Measurements Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (in thousands) (in thousands) Assets: Cash equivalents $ 734,814 $ — $ — $ 734,814 $ 580,126 $ — $ — $ 580,126 Interest rate swaps — 29,251 — 29,251 — 39,232 — 39,232 Forward currency contracts — 9,462 — 9,462 — 156 — 156 Investments in nonconsolidated affiliates 122 — — 122 865 — — 865 Total $ 734,936 $ 38,713 $ — $ 773,649 $ 580,991 $ 39,388 $ — $ 620,379 Liabilities: Equity awards $ — $ — $ 6,300 $ 6,300 $ — $ — $ 5,938 $ 5,938 Forward currency contracts — 380 — 380 — 6,468 — 6,468 Put option — — — — — — 2,980 2,980 Contingent consideration — — 48,311 48,311 — — 106,265 106,265 Total $ — $ 380 $ 54,611 $ 54,991 $ — $ 6,468 $ 115,183 $ 121,651
Fair Value of Debt	The following table presents the estimated fair values of our senior secured notes, senior notes and convertible senior notes at December 31, 2024 and 2023: Estimated Fair Value at: December 31, 2024 December 31, 2023 Level 2 (in thousands) 6.5% Senior Secured Notes due 2027 $ 1,213,896 $ 1,222,608 3.75% Senior Secured Notes due 2028 $ 472,635 $ 469,515 4.875% Senior Notes due 2024 (1) $ — $ 570,412 5.625% Senior Notes due 2026 $ 299,529 $ 297,606 4.75% Senior Notes due 2027 $ 919,049 $ 913,653 2.0% Convertible Senior Notes due 2025 (2) $ 103,032 $ 423,668 3.125% Convertible Senior Notes due 2029 $ 1,365,560 $ 1,136,160 2.875% Convertible Senior Notes due 2030 (2) $ 1,105,852 $ — ___________________ (1) In November 2024, we repaid $575.0 million principal amount outstanding on our 4.875% senior notes. (2) In December 2024, we issued $1.1 billion principal amount of 2.875% convertible senior notes due 2030 and repurchased $316.0 million aggregate principal amount of the 2.0% convertible senior notes due 2025.

COMMITMENTS AND CONTINGENT LI_2

COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Future Contract and Capital Expenditure Commitments [Table Text Block]	As of December 31, 2024, our future minimum payments under non-cancelable contracts and capital expenditure commitments consist of the following: Non-cancelable Contracts Capital Expenditures (in thousands) 2025 $ 2,641,395 $ 32,841 2026 907,072 6,759 2027 312,236 5,273 2028 398,417 3,572 2029 149,307 7,501 Thereafter 481,198 62,621 Total $ 4,889,625 $ 118,567

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Significant Components of the Provision for Income Tax Expense (Benefit)	Significant components of the provision for income tax expense (benefit) are as follows: Year Ended December 31, 2024 2023 2022 As Revised As Revised (in thousands) Current: Federal $ 39,122 $ 1,250 $ 658 Foreign 253,442 229,073 103,320 State 24,308 23,171 4,764 Total current 316,872 253,494 108,742 Deferred: Federal (557,399) 5,982 6,223 Foreign (126,423) (51,209) (397) State (24,748) 1,209 1,373 Total deferred (708,570) (44,018) 7,199 Income tax expense (benefit) $ (391,698) $ 209,476 $ 115,941
Significant Components of Deferred Tax Liabilities and Assets	Significant components of our deferred tax liabilities and assets are as follows: December 31, 2024 2023 (in thousands) Deferred tax liabilities: Intangible assets $ 282,200 $ 327,249 Leases 210,904 205,757 Other 45,075 38,132 Hedge investments 5,395 7,394 Prepaid expenses 3,802 3,494 Total deferred tax liabilities 547,376 582,026 Deferred tax assets: Net operating loss carryforwards 763,205 812,034 Accrued expenses 251,416 180,268 Leases 244,476 239,503 Capitalized research and development 90,477 67,516 Interest limitation 69,128 53,698 Other 61,555 30,580 Foreign tax and other credit carryforwards 51,153 51,351 Intangible assets 12,411 48,088 Equity compensation 10,831 11,504 Total gross deferred tax assets 1,554,652 1,494,542 Valuation allowance 569,495 1,194,374 Total net deferred tax assets 985,157 300,168 Net deferred tax assets (liabilities) $ 437,781 $ (281,858)
Reconciliation of Income Taxes at the United States Statutory Rate to Income Tax Expense	The reconciliation of income tax computed at the United States federal statutory rates to income tax expense (benefit) is: Year Ended December 31, 2024 2023 2022 As Revised As Revised (in thousands) Income tax expense at United States statutory rate of 21% $ 155,280 $ 187,854 $ 106,144 Differences between foreign and United States statutory rates 70,469 86,537 34,585 State income taxes, net of federal tax benefits 27,844 22,889 4,893 Nondeductible items 23,898 25,959 32,907 United States income inclusions and exclusions (10,332) 28,450 (78,061) Non-United States income inclusions and exclusions (9,466) (63,691) (30,783) Tax contingencies 674 6,191 728 Tax expense from acquired goodwill — 7,953 7,596 Other, net 166 784 (879) Change in valuation allowance (650,231) (93,450) 38,811 $ (391,698) $ 209,476 $ 115,941
Summary of Activity Related to Unrecognized Tax Benefits	The following table summarizes the activity related to our unrecognized tax benefits: Year Ended December 31, 2024 2023 2022 (in thousands) Balance at January 1 $ 30,466 $ 22,996 $ 21,330 Additions: Increase for current year positions 1,451 2,333 751 Increase for prior year positions 1,001 4,453 896 Interest and penalties for prior years 255 1,063 160 Reductions: Statute lapse for prior year positions (3) — — Settlements for prior year positions (3,166) (379) (141) Foreign exchange (312) — — Balance at December 31 $ 29,692 $ 30,466 $ 22,996

EQUITY (Tables)

EQUITY (Tables)	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Reconciliation Of Common Stock Issued	The following table reconciles common stock reported in the consolidated statements of changes in equity to the consolidated balance sheets. December 31, 2024 2023 Common shares issued as reported in the consolidated statement of changes in equity 231,295,639 229,785,241 Unissued retirement eligible restricted stock awards — 4,125 Unvested restricted stock awards 1,480,062 1,472,906 Unvested deferred stock awards issued 1,996,058 2,448,904 Common shares issued as reported in the consolidated balance sheets 234,771,759 233,711,176
Change in Noncontrolling Ownership Interest	The following schedule reflects the change in ownership interests for these transactions: Year Ended December 31, 2024 2023 2022 As Revised As Revised (in thousands) Net income attributable to common stockholders of Live Nation $ 896,287 $ 556,893 $ 266,440 Transfers of noncontrolling interests: Changes in Live Nation’s additional paid-in capital for purchases of noncontrolling interests, net of transaction costs (30,049) (100,940) (64,601) Changes in Live Nation’s additional paid-in capital for sales of noncontrolling interests, net of transaction costs — — — Net transfers of noncontrolling interests (30,049) (100,940) (64,601) Change from net income attributable to common stockholders of Live Nation and net transfers of noncontrolling interests $ 866,238 $ 455,953 $ 201,839
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table presents changes in the components of AOCI, net of taxes, for the years ended December 31, 2024, 2023 and 2022: Cash Flow Hedges Foreign Currency Items Total As Revised As Revised (in thousands) Revised Balance at December 31, 2021 $ (8,558) $ (144,242) $ (152,800) Other comprehensive income before reclassifications 49,529 12,883 62,412 Amount reclassified from AOCI 312 — 312 Net other comprehensive income 49,841 12,883 62,724 Balance at December 31, 2022 41,283 (131,359) (90,076) Other comprehensive income before reclassifications 5,225 129,459 134,684 Amount reclassified from AOCI (17,158) — (17,158) Net other comprehensive income (loss) (11,933) 129,459 117,526 Balance at December 31, 2023 29,350 (1,900) 27,450 Other comprehensive income (loss) before reclassifications 10,529 (354,730) (344,201) Amount reclassified from AOCI (18,361) — (18,361) Net other comprehensive loss (7,832) (354,730) (362,562) Balance at December 31, 2024 $ 21,518 $ (356,630) $ (335,112)
Computation of Weighted Average Common Shares Outstanding	The following table sets forth the computation of weighted average common shares outstanding: Year Ended December 31, 2024 2023 2022 Weighted average common shares—basic 230,124,255 228,628,390 224,809,558 Effect of dilutive shares: Stock options and restricted stock 2,686,001 2,348,936 6,747,308 Convertible senior notes 3,542,193 — — Weighted average common shares—diluted 236,352,449 230,977,326 231,556,866
Potentially Dilutive Securities Excluded From Diluted Net Income Per Common Share	The following table shows securities excluded from the calculation of diluted net income per common share because such securities were anti-dilutive: Year Ended December 31, 2024 2023 2022 Options to purchase shares of common stock — 3,750 3,750 Restricted and deferred stock awards—unvested 1,518,940 2,527,463 2,218,563 Conversion shares related to convertible senior notes 14,946,450 13,004,660 11,864,035 Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding 16,465,390 15,535,873 14,086,348

SEGMENTS AND REVENUE RECOGNIT_2

SEGMENTS AND REVENUE RECOGNITION (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The following table presents the results of operations for our reportable segments for the years ending December 31, 2024, 2023 and 2022: Concerts Ticketing Sponsorship Other & Eliminations Corporate Consolidated (in thousands) 2024 Revenue $ 19,024,302 $ 2,988,685 $ 1,195,019 $ (52,381) $ — $ 23,155,625 % of Consolidated Revenue 82.2% 12.9% 5.2% (0.3)% Other Segment Items 18,494,554 1,865,097 431,242 (24,121) 242,955 21,009,727 AOI $ 529,748 $ 1,123,588 $ 763,777 $ (28,260) $ (242,955) $ 2,145,898 Intersegment revenue $ 29,633 $ 22,220 $ 528 $ (52,381) $ — $ — Capital expenditures $ 491,691 $ 87,925 $ 24,507 $ — $ 33,508 $ 637,631 2023 Revenue (1) $ 18,740,913 $ 2,959,477 $ 1,095,217 $ (69,290) $ — $ 22,726,317 % of Consolidated Revenue 82.5% 13.0% 4.8% (0.3)% Other Segment Items 18,420,516 1,819,344 420,080 (29,716) 214,974 20,845,198 AOI (2) $ 320,397 $ 1,140,133 $ 675,137 $ (39,574) $ (214,974) $ 1,881,119 Intersegment revenue $ 17,773 $ 51,517 $ — $ (69,290) $ — $ — Capital expenditures $ 346,392 $ 68,991 $ 18,250 $ — $ 35,118 $ 468,751 2022 Revenue $ 13,494,100 $ 2,238,618 $ 968,146 $ (19,610) $ — $ 16,681,254 % of Consolidated Revenue 80.9% 13.4% 5.8% (0.1)% Other Segment Items 13,319,260 1,425,904 376,174 (5,061) 167,882 15,284,159 AOI (2) $ 174,840 $ 812,714 $ 591,972 $ (14,549) $ (167,882) $ 1,397,095 Intersegment revenue $ 12,821 $ 8,643 $ — $ (21,464) $ — $ — Capital expenditures $ 277,133 $ 70,739 $ 19,383 $ (17) $ 9,680 $ 376,918 ___________________ (1) Prior period revenue was revised as further discussed in Note 2 – Correction of Errors in Previously Reported Consolidated Financial Statements. For the year ended December 31, 2023, the revision decreased our Concerts segment revenue by $22.8 million. (2) Prior period AOI was revised as further discussed in Note 2 – Correction of Errors in Previously Reported Consolidated Financial Statements. For the years ended December 31, 2023 and December 31, 2022, the revision decreased our Concerts segment AOI by $5.1 million and increased AOI by $5.1 million, respectively. For the years ended December 31, 2023 and December 31, 2022, the revision increased our Ticketing segment AOI by $23.8 million and decreased AOI by $15.2 million, respectively.
Reconciliation of AOI to Operating Income (Loss) [Table Text Block]	The following table sets forth the reconciliation of consolidated AOI to operating income for the for the years ended December 31, 2024, 2023 and 2022: 2024 2023 2022 (in thousands) AOI (1) $ 2,145,898 $ 1,881,119 $ 1,397,095 Acquisition expenses 128,513 93,664 68,078 Amortization of non-recoupable ticketing contract advance 88,717 83,693 79,043 Depreciation and amortization 549,923 516,797 449,976 Gain on sale of operating assets (11,015) (13,927) (32,082) Astroworld estimated loss contingencies 454,902 — — Stock-based compensation expense 110,348 115,959 110,049 Operating income (1) $ 824,510 $ 1,084,933 $ 722,031 ___________________ (1) For the years ended December 31, 2023 and December 31, 2022, the revision increased our AOI and operating income by $18.7 million for 2023 and decreased our AOI and operating income by $10.1 million for 2022, respectively. See further discussion in Note 2 – Correction of Errors in Previously Reported Consolidated Financial Statements.
Contract with Customer, Asset and Liability [Table Text Block]	The table below summarizes the amount of prior year current deferred revenue recognized during the years ended December 31, 2024 and 2023: December 31, 2024 2023 (in thousands) Concerts $ 3,046,474 $ 2,757,149 Ticketing 176,901 142,940 Sponsorship & Advertising 96,988 126,530 $ 3,320,363 $ 3,026,619

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Summary of Stock-Based Compensation Expense	The following is a summary of stock-based compensation expense we recorded during the respective periods: Year Ended December 31, 2024 2023 2022 (in thousands) Selling, general and administrative expenses $ 50,668 $ 40,751 $ 45,214 Corporate expenses 59,680 75,208 64,835 Total $ 110,348 $ 115,959 $ 110,049
Summary of Stock Options Activity	The following table presents a summary of our stock options outstanding at the dates given, and stock option activity for the period between such dates (“Price” reflects the weighted average exercise price per share): Year Ended December 31, 2024 2023 2022 Options Price Options Price Options Price (in thousands, except per share data) Outstanding January 1 2,366 $ 32.85 3,257 $ 29.78 7,720 $ 18.24 Exercised (851) 30.57 (891) 21.63 (4,461) 9.79 Forfeited or expired (1) 63.29 — — (2) 70.26 Outstanding December 31 1,514 $ 34.12 2,366 $ 32.85 3,257 $ 29.78 Exercisable December 31 1,513 $ 34.09 2,362 $ 32.78 3,171 $ 29.02 Weighted average fair value per option granted $ — $ — $ —
Summary of Stock Options, by Range of Exercise Price	Vesting dates on the stock options is March 2025, and expiration dates range from January 2025 to March 2031 at exercise prices and average contractual lives as follows: Range of Outstanding Weighted Weighted Average Exercise Price Exercisable Weighted Weighted (in thousands) (in years) (in thousands) (in years) $15.00 - $19.99 510 1.1 $ 19.36 510 1.1 $ 19.36 $20.00 - $24.99 5 1.3 $ 23.43 5 1.3 $ 23.43 $25.00 - $29.99 484 2.2 $ 28.99 484 2.2 $ 28.99 $30.00 - $44.99 145 3.2 $ 44.05 145 3.2 $ 44.05 $45.00 - $60.99 357 4.2 $ 56.79 357 4.2 $ 56.79 $61.00 - $89.99 13 6.0 $ 74.39 12 6.0 $ 73.19
Summary of Unvested Restricted Stock Activity	The following table presents a summary of our unvested restricted stock awards outstanding at December 31, 2024, 2023 and 2022 (“Price” reflects the weighted average share price at the date of grant): Restricted Stock Awards Price (in thousands, except per share data) Unvested at December 31, 2021 860 $ 78.48 Granted 2,002 103.34 Forfeited (22) 80.57 Vested (1,844) 99.68 Unvested at December 31, 2022 996 $ 89.22 Granted 841 70.51 Forfeited (7) 92.06 Vested (357) 89.93 Unvested at December 31, 2023 1,473 $ 78.34 Granted 749 96.49 Forfeited (32) 85.51 Vested (710) 81.84 Unvested at December 31, 2024 1,480 $ 85.70
Assumptions Used to Calculate Fair Value of Deferred Stock Awards	The following assumptions were used to calculate the fair value of the deferred stock awards with market conditions on the date of grant: Year Ended December 31, 2024 2023 2022 Risk-free interest rate 4.17 % 4.47 % 2.85% - 3.69% Volatility factors 40.57 % 39.33 % 45.10% - 45.99% Weighted average expected life (in years) 4.84 5.22 5.27
Summary of Deferred Stock Activity	The following table presents a summary of our unvested deferred stock awards outstanding at December 31, 2024, 2023 and 2022 (“Price” reflects the weighted average grant date fair value): Deferred Stock Awards Price (in thousands, except per share data) Unvested at December 31, 2021 2,192 $ 26.56 Awarded 2,160 59.79 Forfeited — — Vested (2,192) 26.56 Unvested at December 31, 2022 2,160 $ 59.79 Awarded 289 70.47 Forfeited — — Vested — — Unvested at December 31, 2023 2,449 $ 61.05 Awarded 33 76.61 Forfeited — — Vested (486) 66.87 Unvested at December 31, 2024 1,996 $ 59.89

OTHER INFORMATION (Tables)

OTHER INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2024
Balance Sheet Related Disclosures [Abstract]
Other information	December 31, 2024 2023 As Revised (in thousands) The following details the components of “Other current assets”: Inventory $ 50,145 $ 45,141 Notes receivable 32,018 43,846 Other 107,365 33,176 Total other current assets $ 189,528 $ 122,163 The following details the components of “Other long-term assets”: Investments in nonconsolidated affiliates $ 504,194 $ 447,494 Deferred income tax assets 577,932 42,840 Notes receivable 226,021 176,133 Other 472,819 268,382 Total other long-term assets $ 1,780,966 $ 934,849 The following details the components of “Accrued expenses”: Accrued compensation and benefits $ 512,531 $ 529,987 Accrued event expenses 934,560 1,154,861 Accrued insurance 316,967 264,770 Accrued legal 284,544 24,515 Collections on behalf of others 120,873 82,253 Accrued ticket refunds 18,263 21,196 Other 869,596 953,230 Total accrued expenses $ 3,057,334 $ 3,030,812 The following details the components of “Other current liabilities”: Contingent and deferred purchase consideration $ 40,801 $ 98,835 Other 22,089 29,595 Total other current liabilities $ 62,890 $ 128,430 The following details the components of “Other long-term liabilities”: Deferred income tax liabilities $ 140,151 $ 324,698 Deferred revenue 120,064 60,555 Contingent and deferred purchase consideration 20,735 29,161 Other 196,813 73,745 Total other long-term liabilities $ 477,763 $ 488,159

GEOGRAPHIC DATA (Tables)

GEOGRAPHIC DATA (Tables)	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	GEOGRAPHIC DATA The following table provides revenue and long-lived assets, including operating lease assets, for our foreign operations included in the consolidated financial statements: Europe Other Foreign Total Foreign Domestic Consolidated Total (in thousands) 2024 Revenue $ 4,621,210 $ 4,160,359 $ 8,781,569 $ 14,374,056 $ 23,155,625 Long-lived assets, including operating lease assets $ 825,909 $ 348,913 $ 1,174,822 $ 2,885,083 $ 4,059,905 2023 Revenue (1) $ 4,425,854 $ 4,085,191 $ 8,511,045 $ 14,215,272 $ 22,726,317 Long-lived assets, including $ 819,426 $ 306,725 $ 1,126,151 $ 2,581,701 $ 3,707,852 2022 Revenue $ 3,160,268 $ 2,474,495 $ 5,634,763 $ 11,046,491 $ 16,681,254 Long-lived assets, including $ 771,230 $ 226,752 $ 997,982 $ 2,061,076 $ 3,059,058 ___________________ (1) For the year ended December 31, 2023, the revision decreased our domestic revenue by $22.8 million. See further discussion in Note 2 – Correction of Errors in Previously Reported Consolidated Financial Statements.

THE COMPANY AND SUMMARY OF SI_3

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Variable Interest Entities) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Variable Interest Entities [Line Items]
Total assets	$ 19,638,771	$ 19,029,640
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entities [Line Items]
Total assets	840,000	940,000
Liabilities	$ 578,000	$ 592,000

THE COMPANY AND SUMMARY OF SI_4

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Cash and Cash Equivalents [Abstract]
Client Cash	$ 1,600	$ 1,500

THE COMPANY AND SUMMARY OF SI_5

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Property, Plant and Equipment Useful Lives) (Details)	Dec. 31, 2024
Building and Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	10 years
Building and Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	50 years
Computer Equipment and Capitalized Software [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	3 years
Computer Equipment and Capitalized Software [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	10 years
Furniture and Other Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	3 years
Furniture and Other Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	10 years

THE COMPANY AND SUMMARY OF SI_6

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Intangible Asset Useful Lives) (Details)	Dec. 31, 2024
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	3 years
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	10 years

THE COMPANY AND SUMMARY OF SI_7

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Goodwill) (Details) $ in Thousands			12 Months Ended
	Oct. 01, 2024 reporting_unit	Jul. 01, 2024 reporting_unit	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($) Rate	Dec. 31, 2022 USD ($)
Goodwill [Line Items]
Reporting Unit Assessed Percentage of Goodwill | Rate				12%
Goodwill impairment | $			$ 0	$ 0	$ 0
Reporting units tested as of July 1 and October 1, 2024 | Reporting units assessed under quantitative analysis
Goodwill [Line Items]
Number of Reporting Units		3
Reporting units tested as of July 1 and October 1, 2024 | Reporting units further assessed using qualitative evaluation
Goodwill [Line Items]
Number of Reporting Units	3
Reporting units tested as of October 1, 2024 only | Reporting units assessed under quantitative analysis
Goodwill [Line Items]
Number of Reporting Units	3

THE COMPANY AND SUMMARY OF SI_8

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Leases) (Details)	Dec. 31, 2024
Minimum [Member]
Lessee, Lease, Description [Line Items]
Renewal term range for operating leases	1 year
Maximum [Member]
Lessee, Lease, Description [Line Items]
Renewal term range for operating leases	10 years

THE COMPANY AND SUMMARY OF SI_9

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Business Interruption Claims) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Business Interruption Insurance Recovery [Abstract]
Business Interruption Insurance Recovery	$ 51.3	$ 41.5	$ 38.8

THE COMPANY AND SUMMARY OF S_10

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Foreign Currency) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Foreign Currency Transaction Gain (Loss), before Tax [Abstract]
Net foreign currency transaction gains / (losses)	$ 14.7	$ (74.5)	$ (55.8)

THE COMPANY AND SUMMARY OF S_11

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Advertising Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Direct Operating Expense [Member]
Income Statement Location [Line Items]
Advertising expense	$ 750.9	$ 706.2	$ 588
Selling, General and Administrative Expense [Member]
Income Statement Location [Line Items]
Advertising expense	$ 54.6	$ 47.7	$ 32

CORRECTION OF ERRORS (Details)

CORRECTION OF ERRORS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2024	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue			$ 5,628,514	$ 3,124,559		$ 8,753,073	$ 23,155,625	$ 22,726,317	[1]	$ 16,681,254
Direct operating expenses	$ 4,408,209	$ 2,651,340	4,167,341	2,124,382	$ 7,059,549	6,291,723	17,328,154	17,250,530		12,347,611
Operating income (loss)	465,819	(41,390)	381,599	131,152	424,429	512,751	824,510	1,084,933	[2]	722,031	[2]
Other expense (income), net							(103,874)	35,274		41,215
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	(456,392)	1,686	(368,213)	(56,408)	(454,706)	(424,621)	(739,426)	(913,274)		(490,524)
Income tax expense	(80,164)	(41,019)	(52,961)	(23,840)	(121,183)	(76,801)	391,698	(209,476)		(115,941)
Net income	(376,228)	42,705	(315,252)	(32,568)	(333,523)	(347,820)	(1,131,124)	(703,798)		(374,583)
Net Income (Loss) Attributable to Noncontrolling Interest	(78,258)	(11,770)	(45,232)	(34,241)	(90,028)	(79,473)	(234,837)	(146,905)		(108,143)
Net income (loss) attributable to common stockholders of Live Nation	$ (297,970)	$ 54,475	$ (270,020)	$ 1,673	$ (243,495)	$ (268,347)	$ (896,287)	$ (556,893)		$ (266,440)
Earnings Per Share, Basic	$ 1.05	$ (0.56)	$ 0.93	$ (0.25)	$ 0.48	$ 0.69	$ 2.77	$ 1.35		$ 0.53
Earnings Per Share, Diluted	$ 1.03	$ (0.56)	$ 0.92	$ (0.25)	$ 0.48	$ 0.68	$ 2.74	$ 1.34		$ 0.52
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax							$ (354,730)	$ 129,459		$ 12,883
Comprehensive income	$ 217,654	$ (34,337)	$ 391,930	$ 105,219	$ 183,317	$ 497,149	768,562	821,324		437,307
Comprehensive income attributable to noncontrolling interests	78,258	11,770	45,232	34,241	90,028	79,473	234,837	146,905		108,143
Comprehensive income attributable to common stockholders of Live Nation	$ 139,396	(46,107)	346,698	70,978	$ 93,289	$ 417,676	533,725	674,419		329,164
Increase (Decrease) in Accounts Receivable							181,430	(525,739)		(444,503)
Increase in accounts payable, accrued expenses and other liabilities							13,782	450,370		1,028,172
Increase in deferred revenue							478,085	140,917		359,723
Net cash provided by operating activities							1,725,175	1,362,974		1,835,047
Effect of exchange rate changes on cash, cash equivalents and restricted cash							(345,191)	38,874		(174,614)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect							(132,847)	618,762		732,402
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents							$ 6,106,109	6,238,956		5,620,194		$ 4,887,792
Previously Reported [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue			5,630,723	3,127,390				22,749,073
Direct operating expenses		2,646,457	4,164,778	2,115,589				17,292,016		12,337,524
Operating income (loss)		(36,507)	386,371	142,776				1,066,203		732,118
Other expense (income), net										36,379
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest		(3,197)	(372,985)	(68,032)				(894,544)		(505,447)
Income tax expense		(35,414)	(41,648)	(23,840)				(160,227)		(96,254)
Net income		32,217	(331,337)	(44,192)				(734,317)		(409,193)
Net Income (Loss) Attributable to Noncontrolling Interest		(14,516)	(37,655)	(47,361)				(171,037)		(113,207)
Net income (loss) attributable to common stockholders of Live Nation		$ 46,733	$ (293,682)	$ 3,169				$ (563,280)		$ (295,986)
Earnings Per Share, Basic		$ (0.53)	$ 1.04	$ (0.25)				$ 1.38		$ 0.66
Earnings Per Share, Diluted		$ (0.53)	$ 1.02	$ (0.25)				$ 1.37		$ 0.64
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax										$ 8,047
Comprehensive income		$ (23,849)	$ 408,015	$ 116,843				$ 851,843		467,081
Comprehensive income attributable to noncontrolling interests		14,516	37,655	47,361				171,037		113,207
Comprehensive income attributable to common stockholders of Live Nation		(38,365)	370,360	69,482				680,806		353,874
Increase (Decrease) in Accounts Receivable								550,670		463,977
Increase in accounts payable, accrued expenses and other liabilities								460,496		1,002,158
Increase in deferred revenue								133,023		367,617
Net cash provided by operating activities								1,370,794		1,832,063
Effect of exchange rate changes on cash, cash equivalents and restricted cash										(179,450)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect								626,582		724,582
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents										5,612,374
Revision of Prior Period, Error Correction, Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue			(2,209)	(2,831)				(22,756)
Direct operating expenses		4,883	2,563	8,793				(41,486)		10,087
Operating income (loss)		(4,883)	(4,772)	(11,624)				18,730		(10,087)
Other expense (income), net										4,836
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest		4,883	4,772	11,624				(18,730)		14,923
Income tax expense		(5,605)	(11,313)	0				(49,249)		(19,687)
Net income		10,488	16,085	11,624				30,519		34,610
Net Income (Loss) Attributable to Noncontrolling Interest		2,746	(7,577)	13,120				24,132		5,064
Net income (loss) attributable to common stockholders of Live Nation		$ 7,742	$ 23,662	$ (1,496)				$ 6,387		$ 29,546
Earnings Per Share, Basic		$ (0.03)	$ (0.11)	$ 0				$ (0.03)		$ (0.13)
Earnings Per Share, Diluted		$ (0.03)	$ (0.10)	$ 0				$ (0.03)		$ (0.12)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax										$ 4,836
Comprehensive income		$ (10,488)	$ (16,085)	$ (11,624)				$ (30,519)		(29,774)
Comprehensive income attributable to noncontrolling interests		(2,746)	7,577	(13,120)				(24,132)		(5,064)
Comprehensive income attributable to common stockholders of Live Nation		$ (7,742)	$ (23,662)	$ 1,496				(6,387)		(24,710)
Increase (Decrease) in Accounts Receivable								(24,931)		(19,474)
Increase in accounts payable, accrued expenses and other liabilities								(10,126)		26,014
Increase in deferred revenue								7,894		(7,894)
Net cash provided by operating activities								(7,820)		2,984
Effect of exchange rate changes on cash, cash equivalents and restricted cash										4,836
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect								$ (7,820)		7,820
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents										$ 7,820
[1] Prior period revenue was revised as further discussed in Note 2 – Correction of Errors in Previously Reported Consolidated Financial Statements. For the year ended December 31, 2023, the revision decreased our Concerts segment revenue by $22.8 million. For the years ended December 31, 2023 and December 31, 2022, the revision increased our AOI and operating income by $18.7 million for 2023 and decreased our AOI and operating income by $10.1 million for 2022, respectively. See further discussion in Note 2 – Correction of Errors in Previously Reported Consolidated Financial Statements.

LONG-LIVED ASSETS (Property, Pl

LONG-LIVED ASSETS (Property, Plant and Equipment) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
LONG-LIVED ASSETS [Abstract]
Land, buildings and improvements	$ 2,325,929	$ 2,043,595
Computer equipment and capitalized software	867,294	888,065
Furniture and other equipment	757,803	646,966
Construction in progress	386,880	317,028
Property, Plant and Equipment, Gross, Total	4,337,906	3,895,654
Less: accumulated depreciation	1,896,034	1,794,191
Property, plant and equipment, net	$ 2,441,872	$ 2,101,463

LONG-LIVED ASSETS (Definite-liv

LONG-LIVED ASSETS (Definite-lived Intangibles) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount - beginning of period		$ 1,939,194	$ 1,760,349
Accumulated amortization - beginning of period		(777,573)	(709,727)
Net		1,161,621	1,050,622
Acquisitions and additions—current year		171,014	282,002
Acquisitions and additions—prior year		4,895	(8,522)
Foreign exchange		(151,747)	86,874
Other (2)	[1]	(156,285)	(181,509)
Net change		(132,123)	178,845
Amortization of Intangible Assets		249,259	237,629	$ 216,900
Foreign exchange		48,714	(13,907)
Other (2)	[1]	156,860	183,690
Net change		(43,685)	(67,846)
Gross carrying amount - end of period		1,807,071	1,939,194	1,760,349
Accumulated amortization		(821,259)	(777,573)	(709,727)
Net		$ 985,812	$ 1,161,621	1,050,622
Weighted Average Useful Life of Finite-lived Intangible Assets,		7 years	8 years
Estimate of amortization expense for each of the five succeeding fiscal years [Abstract]
2025		$ 223,347
2026		187,016
2027		149,931
2028		129,323
2029		109,702
Revenue-generating contracts [Member]
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount - beginning of period		925,257	$ 824,785
Accumulated amortization - beginning of period		(336,625)	(316,581)
Net		588,632	508,204
Acquisitions and additions—current year		68,453	136,117
Acquisitions and additions—prior year		826	(1,830)
Foreign exchange		(96,995)	57,797
Other (2)	[1]	(77,947)	(91,612)
Net change		(105,663)	100,472
Amortization of Intangible Assets		111,711	103,756
Foreign exchange		29,331	(7,900)
Other (2)	[1]	79,707	91,612
Net change		(2,673)	(20,044)
Gross carrying amount - end of period		819,594	925,257	824,785
Accumulated amortization		(339,298)	(336,625)	(316,581)
Net		$ 480,296	$ 588,632	508,204
Weighted Average Useful Life of Finite-lived Intangible Assets,		9 years	5 years
Client vendor relationships [Member]
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount - beginning of period		$ 583,436	$ 563,210
Accumulated amortization - beginning of period		(251,649)	(209,518)
Net		331,787	353,692
Acquisitions and additions—current year		52,406	46,767
Acquisitions and additions—prior year		4,066	(6,681)
Foreign exchange		(32,993)	17,070
Other (2)	[1]	(39,343)	(36,930)
Net change		(15,864)	20,226
Amortization of Intangible Assets		86,637	75,994
Foreign exchange		12,013	(3,019)
Other (2)	[1]	39,892	36,882
Net change		(34,732)	(42,131)
Gross carrying amount - end of period		567,572	583,436	563,210
Accumulated amortization		(286,381)	(251,649)	(209,518)
Net		$ 281,191	$ 331,787	353,692
Weighted Average Useful Life of Finite-lived Intangible Assets,		5 years	4 years
Venue management and leaseholds [Member]
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount - beginning of period		$ 226,788	$ 148,022
Accumulated amortization - beginning of period		(79,218)	(58,588)
Net		147,570	89,434
Acquisitions and additions—current year		35,273	77,329
Acquisitions and additions—prior year		3	(11)
Foreign exchange		(6,954)	3,960
Other (2)	[1]	(23,930)	(2,512)
Net change		4,392	78,766
Amortization of Intangible Assets		23,978	22,186
Foreign exchange		2,185	(1,132)
Other (2)	[1]	24,066	2,688
Net change		2,273	(20,630)
Gross carrying amount - end of period		231,180	226,788	148,022
Accumulated amortization		(76,945)	(79,218)	(58,588)
Net		$ 154,235	$ 147,570	89,434
Weighted Average Useful Life of Finite-lived Intangible Assets,		6 years	11 years
Trademarks and naming rights [Member]
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount - beginning of period		$ 183,493	$ 188,596
Accumulated amortization - beginning of period		(104,036)	(97,931)
Net		79,457	90,665
Acquisitions and additions—current year		7,331	0
Acquisitions and additions—prior year		0	0
Foreign exchange		(14,096)	8,151
Other (2)	[1]	(14,240)	(13,254)
Net change		(21,005)	(5,103)
Amortization of Intangible Assets		17,791	18,390
Foreign exchange		5,096	(1,448)
Other (2)	[1]	11,763	13,733
Net change		(932)	(6,105)
Gross carrying amount - end of period		162,488	183,493	188,596
Accumulated amortization		(104,968)	(104,036)	(97,931)
Net		$ 57,520	$ 79,457	90,665
Weighted Average Useful Life of Finite-lived Intangible Assets,		6 years	0 years
Technology [Member]
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount - beginning of period		$ 20,220	$ 35,736
Accumulated amortization - beginning of period		(6,045)	(27,109)
Net		14,175	8,627
Acquisitions and additions—current year		7,551	21,789
Acquisitions and additions—prior year		0	0
Foreign exchange		(709)	(104)
Other (2)		(825)	(37,201)
Net change		6,017	(15,516)
Amortization of Intangible Assets		9,142	17,303
Foreign exchange		89	(408)
Other (2)		1,432	38,775
Net change		(7,621)	21,064
Gross carrying amount - end of period		26,237	20,220	35,736
Accumulated amortization		(13,667)	(6,045)	(27,109)
Net		$ 12,570	$ 14,175	8,627
Weighted Average Useful Life of Finite-lived Intangible Assets,		3 years	3 years
Other Intangible Assets [Member]
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount - beginning of period	[2]	$ 20,220	$ 35,736
Accumulated amortization - beginning of period	[2]	(6,045)	(27,109)
Net	[2]	14,175	8,627
Acquisitions and additions—current year	[2]	7,551	21,789
Acquisitions and additions—prior year	[2]	0	0
Foreign exchange	[2]	(709)	(104)
Other (2)	[2]	(825)	(37,201)
Net change	[2]	6,017	(15,516)
Amortization of Intangible Assets	[2]	9,142	17,303
Foreign exchange	[2]	89	(408)
Other (2)	[2]	1,432	38,775
Net change	[2]	(7,621)	21,064
Gross carrying amount - end of period	[2]	26,237	20,220	35,736
Accumulated amortization	[2]	(13,667)	(6,045)	(27,109)
Net	[2]	$ 12,570	$ 14,175	$ 8,627
[1]Other primarily includes netdowns of fully amortized or impaired assets.[2] Other primarily includes intangible assets for non-compete agreements.

LONG-LIVED ASSETS (Definite-l_2

LONG-LIVED ASSETS (Definite-lived Intangibles Amortization) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Amortization of definite-lived intangible assets	$ (249,259)	$ (237,629)	$ (216,900)

LONG-LIVED ASSETS (Indefinite-l

LONG-LIVED ASSETS (Indefinite-lived Intangibles) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, net	$ 380,558	$ 377,349
Trade Names [Member] | Crypto Asset, Other [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, net	$ 380,600	$ 377,300

LONG-LIVED ASSETS (Goodwill) (D

LONG-LIVED ASSETS (Goodwill) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Goodwill [Roll Forward]
Gross Goodwill - Beginning of period	$ 3,126,829	$ 2,964,743
Accumulated impairment losses	(435,363)	(435,363)
Net Goodwill - Beginning of period	2,691,466	2,529,380
Acquisitions—current year	42,617	90,298
Acquisitions—prior year	4,136	1,800
Dispositions		(6,183)
Foreign exchange	(117,308)	76,171
Gross Goodwill - End of period	3,056,274	3,126,829
Accumulated impairment losses	(435,363)	(435,363)
Net Goodwill - End of period	2,620,911	2,691,466
Concerts [Member]
Goodwill [Roll Forward]
Gross Goodwill - Beginning of period	1,439,579	1,349,426
Accumulated impairment losses	(435,363)	(435,363)
Net Goodwill - Beginning of period	1,004,216	914,063
Acquisitions—current year	41,095	90,298
Acquisitions—prior year	4,136	1,657
Dispositions		(6,183)
Foreign exchange	(22,708)	4,381
Gross Goodwill - End of period	1,462,102	1,439,579
Accumulated impairment losses	(435,363)	(435,363)
Net Goodwill - End of period	1,026,739	1,004,216
Ticketing
Goodwill [Roll Forward]
Gross Goodwill - Beginning of period	1,012,530	979,742
Accumulated impairment losses	0	0
Net Goodwill - Beginning of period	1,012,530	979,742
Acquisitions—current year	507	0
Acquisitions—prior year	0	143
Dispositions		0
Foreign exchange	(48,816)	32,645
Gross Goodwill - End of period	964,221	1,012,530
Accumulated impairment losses	0	0
Net Goodwill - End of period	964,221	1,012,530
Sponsorship and Advertising [Member]
Goodwill [Roll Forward]
Gross Goodwill - Beginning of period	674,720	635,575
Accumulated impairment losses	0	0
Net Goodwill - Beginning of period	674,720	635,575
Acquisitions—current year	1,015	0
Acquisitions—prior year	0	0
Dispositions		0
Foreign exchange	(45,784)	39,145
Gross Goodwill - End of period	629,951	674,720
Accumulated impairment losses	0	0
Net Goodwill - End of period	$ 629,951	$ 674,720

LEASES (Significant Components

LEASES (Significant Components of Operating Lease Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease cost	$ 264,339	$ 274,731
Variable and short-term lease cost	182,372	205,768
Sublease income	(6,006)	(7,687)
Net lease cost	$ 440,705	$ 472,812

LEASES (Supplemental Cash Flow

LEASES (Supplemental Cash Flow Information For Operating Leases) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities	$ 249,052	$ 259,664
Lease assets obtained in exchange for lease obligations, net of terminations	$ 249,501	$ 181,729

LEASES (Future Maturities of Op

LEASES (Future Maturities of Operating Lease Liabilities) (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Leases [Abstract]
2025	$ 258,840
2026	225,767
2027	251,785
2028	234,272
2029	213,955
Thereafter	1,943,700
Total lease payments	3,128,319
Less: Interest	1,294,647
Present value of lease liabilities	$ 1,833,672

LEASES (Weighted Average Lease

LEASES (Weighted Average Lease Term and Discount Rate) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Lessee, Lease, Description [Line Items]
Weighted average remaining lease term (in years)	14 years 6 months	13 years
Weighted average discount rate	6.24%	6.16%
Total Lease payments due under operating leases that have not yet commenced	$ 201.1
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 ($)	Dec. 31, 2024	Oct. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total	$ 6,491,377,000		$ 6,643,113,000
Less: unamortized discounts and debt issuance costs	(53,308,000)		(49,701,000)
Total debt, net of unamortized discounts and debt issuance costs	6,438,069,000		6,593,412,000
Less: current portion	260,901,000		1,134,386,000
Total long-term debt, net	6,177,168,000		5,459,026,000
Senior Secured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total	0	$ 585,000,000	370,000,000
4.875% Senior Notes Due 2024 [Member]
Debt Instrument [Line Items]
Total	0		575,000,000
Senior Secured Credit Facility Term loan B [Member]
Debt Instrument [Line Items]
Total	828,163,000		836,903,000
6.5% Senior Secured Notes Due 2027 [Member]
Debt Instrument [Line Items]
Total	1,200,000,000		1,200,000,000
3.75% Senior Secured Notes Due 2028 [Member]
Debt Instrument [Line Items]
Total	500,000,000		500,000,000
5.625% Senior Notes Due 2026 [Member]
Debt Instrument [Line Items]
Total	300,000,000		300,000,000
4.75% Senior Notes Due 2027 [Member]
Debt Instrument [Line Items]
Total	950,000,000		950,000,000
2.0% Convertible Senior Notes Due 2025 [Member]
Debt Instrument [Line Items]
Total	83,957,000		400,000,000
3.125% Convertible Senior Notes Due 2029
Debt Instrument [Line Items]
Total	1,000,000,000		1,000,000,000
2.875% Convertible Senior Notes Due 2030
Debt Instrument [Line Items]
Total	1,100,000,000		0
Other Long Term Debt [Member]
Debt Instrument [Line Items]
Total	$ 529,257,000		$ 511,210,000

LONG-TERM DEBT (Future Maturiti

LONG-TERM DEBT (Future Maturities of Long-Term Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Maturities of Long-term Debt [Abstract]
2025	$ 260,901
2026	1,421,182
2027	2,153,632
2028	1,515,468
2029	1,103,078
Thereafter	37,116
Total	$ 6,491,377	$ 6,643,113

LONG-TERM DEBT (Amended Senior

LONG-TERM DEBT (Amended Senior Secured Credit Facility) (Details)			3 Months Ended	12 Months Ended
	Dec. 06, 2024 USD ($)	Nov. 01, 2024 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2024 USD ($)
Debt Instrument [Line Items]
Consolidated Net Debt Deduction Limit				$ 500,000,000
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Debt Instrument [Line Items]
Interest rate swap, notional amount				$ 500,000,000
Fixed interest rate on interest rate swap				3.445%
Senior Secured Credit Facility Term loan B [Member]
Debt Instrument [Line Items]
Quarterly payments				$ 2,400,000
Senior Secured Credit Facility Term loan B [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				0.75%
Senior Secured Credit Facility Term loan B [Member] | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate				1.75%
Senior Secured Credit Facility [Member]
Debt Instrument [Line Items]
Secured indebtedness leverage ratio, maximum				4.50
Percentage of capital stock of foreign wholly owned (first-tier) subsidiaries				65%
Senior Secured Credit Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Additional borrowing capacity available				$ 1,625,000,000
6.5% Senior Secured Notes Due 2027 [Member]
Debt Instrument [Line Items]
Percentage of capital stock of foreign wholly owned (first-tier) subsidiaries				65%
Interest rate, stated percentage				6.50%
4.75% Senior Notes Due 2027 [Member]
Debt Instrument [Line Items]
Interest rate, stated percentage				4.75%
Senior Secured Credit Facility Revolving And Incremental Revolving Credit Facilities Combined [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 250,000,000
Senior Secured Credit Facility Revolving And Incremental Revolving Credit Facilities Combined [Member] | Swingline Loans [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity				100,000,000
Senior Secured Credit Facility Revolving And Incremental Revolving Credit Facilities Combined [Member] | Dollar Euro Or British Pound Line of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity				780,000,000
Senior Secured Credit Facility Revolving And Incremental Revolving Credit Facilities Combined [Member] | Other Foreign Line of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity				260,000,000
Senior Secured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 1,700,000,000
Revolving credit facility, commitment fee on undrawn portion available				0.35%
Outstanding letters of credit				$ 20,900,000
Current borrowing capacity available				$ 1,680,000,000
Repayments of Lines of Credit	$ 585,000,000		$ 370,000,000
Senior Secured Revolving Credit Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				0.75%
Senior Secured Revolving Credit Facility [Member] | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate				1.75%
Senior Secured Revolving Credit Facility [Member] | Senior Secured Credit Facility - Venue Expansion Revolving Facility
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 400,000,000
4.875% Senior Notes Due 2024
Debt Instrument [Line Items]
Interest rate, stated percentage		4.875%
Extinguishment of Debt, Amount		$ 575,000,000

LONG-TERM DEBT (6.5% Senior Sec

LONG-TERM DEBT (6.5% Senior Secured Notes Due 2027) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-Term Debt, Gross	$ 6,491,377,000	$ 6,643,113,000
6.5% Senior Secured Notes Due 2027 [Member]
Debt Instrument [Line Items]
Long-Term Debt, Gross	$ 1,200,000,000	$ 1,200,000,000
Interest rate, stated percentage	6.50%
Percentage of capital stock of foreign wholly owned subsidiaries	65%
6.5% Senior Secured Notes Due 2027 [Member] | Redemption Period After Stated Date [Member]
Debt Instrument [Line Items]
Redemption price, percentage	104.875%
6.5% Senior Secured Notes Due 2027 [Member] | Redemption, Defined Changes of Control [Member]
Debt Instrument [Line Items]
Redemption price, percentage	101%

LONG-TERM DEBT (3.75% Senior Se

LONG-TERM DEBT (3.75% Senior Secured Notes Due 2028) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-Term Debt, Gross	$ 6,491,377	$ 6,643,113
3.75% Senior Secured Notes Due 2028 [Member]
Debt Instrument [Line Items]
Long-Term Debt, Gross	$ 500,000	$ 500,000
Interest rate, stated percentage	3.75%
3.75% Senior Secured Notes Due 2028 [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument [Line Items]
Redemption price, percentage	102.813%
3.75% Senior Secured Notes Due 2028 [Member] | Debt Instrument, Redemption, Defined Changes of Control [Member]
Debt Instrument [Line Items]
Redemption price, percentage	101%

LONG-TERM DEBT (5.625% Senior N

LONG-TERM DEBT (5.625% Senior Notes) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-Term Debt, Gross	$ 6,491,377,000	$ 6,643,113,000
5.625% Senior Notes Due 2026 [Member]
Debt Instrument [Line Items]
Long-Term Debt, Gross	$ 300,000,000	$ 300,000,000
Interest rate, stated percentage	5.625%
5.625% Senior Notes Due 2026 [Member] | Redemption Period After Stated Date [Member]
Debt Instrument [Line Items]
Redemption price, percentage	104.219%
5.625% Senior Notes Due 2026 [Member] | Redemption, Defined Changes of Control [Member]
Debt Instrument [Line Items]
Redemption price, percentage	101%

LONG-TERM DEBT (4.75% Senior No

LONG-TERM DEBT (4.75% Senior Notes) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-Term Debt, Gross	$ 6,491,377,000	$ 6,643,113,000
4.75% Senior Notes Due 2027 [Member]
Debt Instrument [Line Items]
Long-Term Debt, Gross	$ 950,000,000	$ 950,000,000
Interest rate, stated percentage	4.75%
4.75% Senior Notes Due 2027 [Member] | Redemption Period After Stated Date [Member]
Debt Instrument [Line Items]
Redemption price, percentage	103.563%
4.75% Senior Notes Due 2027 [Member] | Redemption, Defined Changes of Control [Member]
Debt Instrument [Line Items]
Redemption price, percentage	101%

LONG-TERM DEBT (2.0% Convertibl

LONG-TERM DEBT (2.0% Convertible Senior Notes Due 2025) (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) shares	Dec. 06, 2024	Dec. 31, 2023 USD ($)	Jan. 29, 2020 $ / shares
Debt Instrument [Line Items]
Long-Term Debt, Gross | $	$ 6,491,377		$ 6,643,113
2.0% Convertible Senior Notes Due 2025 [Member]
Debt Instrument [Line Items]
Long-Term Debt, Gross | $	$ 83,957		$ 400,000
Interest rate, stated percentage	2%	2%
Conversion ratio	0.0094469
Conversion premium	50%
Last reported sale price used to calculate conversion premium | $ / shares				$ 70.57
Maximum number of shares issuable upon conversion | shares	1,200,000
Conversion premium if converted and fully settled in shares | shares	18,800,000

LONG-TERM DEBT (3.125% Converti

LONG-TERM DEBT (3.125% Convertible Senior Notes Due 2029) (Details)		12 Months Ended
	Jan. 12, 2023 USD ($)	Dec. 31, 2024 USD ($) shares	Dec. 31, 2023 USD ($)	Jan. 09, 2023 $ / shares
Debt Instrument [Line Items]
Long-Term Debt, Gross		$ 6,491,377,000	$ 6,643,113,000
3.125% Convertible Senior Notes Due 2029
Debt Instrument [Line Items]
Long-Term Debt, Gross		$ 1,000,000,000	$ 1,000,000,000
Interest rate, stated percentage		3.125%
Conversion ratio		0.0092259
Conversion premium		50%
Last reported sale price used to calculate conversion premium | $ / shares				$ 72.26
Maximum number of shares issuable upon conversion | shares		13,800,000
Unamortized Debt Issuance Expense		$ 10,700,000
Debt Instrument, Convertible, Remaining Discount Amortization Period		4 years
Conversion premium if converted and fully settled in shares | shares		194,800,000
Effective interest rate		3.17%
3.125% Convertible Senior Notes Due 2029 | Redemption, Redeem For Cash [Member]
Debt Instrument [Line Items]
Redemption price, percentage		100%
3.125% Convertible Senior Notes Due 2029 | Debt Instrument, Redemption, Fundamental Change [Member]
Debt Instrument [Line Items]
Redemption price, percentage		100%
Capped Call Transaction Cost
Debt Instrument [Line Items]
Derivative, Cap Price	144.52
Capped Call Premium				100%
Capped Call Transaction Cost	$ 75,500,000

LONG-TERM DEBT (2.875% Converti

LONG-TERM DEBT (2.875% Convertible Senior Notes due 2030) (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) shares	Dec. 03, 2024 $ / shares	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Long-Term Debt, Gross	$ 6,491,377		$ 6,643,113
2.875% Convertible Senior Notes Due 2030
Debt Instrument [Line Items]
Long-Term Debt, Gross	$ 1,100,000		$ 0
Interest rate, stated percentage	2.875%
Conversion ratio	0.0052005
Conversion premium	40%
Last reported sale price used to calculate conversion premium | $ / shares		$ 137.35
Maximum number of shares issuable upon conversion | shares	8,000,000
Unamortized Debt Issuance Expense	$ 17,800
Debt Instrument, Convertible, Remaining Discount Amortization Period	5 years
Effective interest rate	2.913%
2.875% Convertible Senior Notes Due 2030 | Redemption, Redeem For Cash [Member]
Debt Instrument [Line Items]
Redemption price, percentage	100%
2.875% Convertible Senior Notes Due 2030 | Debt Instrument, Redemption, Fundamental Change [Member]
Debt Instrument [Line Items]
Redemption price, percentage	100%

LONG-TERM DEBT (Schedule of Con

LONG-TERM DEBT (Schedule of Convertible Note Debt Interest Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
2.875% Convertible Notes Due 2030, 3.125% Convertible Notes Due 2029 and 2.0% Convertible Notes Due 2025
Debt Instrument [Line Items]
Contractual interest coupon	$ 41,202
Amortization of debt issuance costs	4,095
Total interest cost recognized on the notes	$ 45,297
3.125% Convertible Senior Notes Due 2029 and 2.0% Convertible Senior Notes Due 2025
Debt Instrument [Line Items]
Contractual interest coupon		$ 27,460
Amortization of debt issuance costs		3,912
Total interest cost recognized on the notes		$ 31,372
2.5% Convertible Senior Notes Due 2023 and 2.0% Convertible Senior Notes Due 2025 [Member]
Debt Instrument [Line Items]
Contractual interest coupon			$ 21,750
Amortization of debt issuance costs			3,710
Total interest cost recognized on the notes			$ 25,460

LONG-TERM DEBT (Debt Extinguish

LONG-TERM DEBT (Debt Extinguishment) (Details) - USD ($)				3 Months Ended	12 Months Ended
	Dec. 06, 2024	Nov. 01, 2024	Jan. 12, 2023	Mar. 31, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Oct. 31, 2024	Mar. 15, 2023
Debt Instrument [Line Items]
Loss on extinguishment of debt					$ (2,563,000)	$ (18,504,000)	$ 0
Adjustments to Additional Paid in Capital, Other					(94,033,000)	27,325,000
Long-Term Debt, Gross					6,491,377,000	6,643,113,000
Senior Secured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Repayments of Lines of Credit	$ 585,000,000			$ 370,000,000
Long-Term Debt, Gross					0	370,000,000		$ 585,000,000
Maximum borrowing capacity under the revolving credit facility					$ 1,700,000,000
2.0% Convertible Senior Notes Due 2025 [Member]
Debt Instrument [Line Items]
Debt Instrument, Repurchased Face Amount	$ 316,000,000
Interest rate, stated percentage	2%				2%
Loss on extinguishment of debt					$ 2,000,000
Adjustments to Additional Paid in Capital, Other					(94,000,000)
Long-Term Debt, Gross					83,957,000	400,000,000
4.875% Senior Notes Due 2024
Debt Instrument [Line Items]
Interest rate, stated percentage		4.875%
Long-Term Debt, Gross					$ 0	575,000,000
Extinguishment of Debt, Amount		$ 575,000,000
3.125% Convertible Senior Notes Due 2029
Debt Instrument [Line Items]
Interest rate, stated percentage					3.125%
Long-Term Debt, Gross					$ 1,000,000,000	1,000,000,000
Proceeds from Issuance of Debt			$ 485,800,000
2.5% Convertible Senior Notes Due 2023
Debt Instrument [Line Items]
Debt Instrument, Repurchased Face Amount			$ 440,000,000						$ 110,000,000
Interest rate, stated percentage			2.50%						2.50%
Loss on extinguishment of debt						18,500,000
Adjustments to Additional Paid in Capital, Other						$ (27,300,000)

LONG-TERM DEBT (Other Long-term

LONG-TERM DEBT (Other Long-term Debt) (Details) - Other Long Term Debt [Member] $ in Thousands	Dec. 31, 2024 USD ($)
Debt Instrument [Line Items]
Finance Lease, Liability	$ 4,800
Debt, weighted average interest rate	4.40%
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	120,400
Noncontrolling Interest Partners [Member]
Debt Instrument [Line Items]
Other long-term debt	$ 29,400

LONG-TERM DEBT (Debt Covenants)

LONG-TERM DEBT (Debt Covenants) (Details)	12 Months Ended
	Dec. 31, 2024 covenant
Senior Secured Credit Facility [Member] | Maximum
Debt Instrument [Line Items]
Ratio of consolidated total debt to consolidated EBITDA	6.75
Senior Secured Credit Facility [Member] | Minimum
Debt Instrument [Line Items]
Ratio of consolidated total debt to consolidated EBITDA	5.25
6.5% Senior Secured Notes Due 2027 [Member]
Debt Instrument [Line Items]
Interest rate, stated percentage	6.50%
3.75% Senior Secured Notes Due 2028 [Member]
Debt Instrument [Line Items]
Interest rate, stated percentage	3.75%
4.75% Senior Notes Due 2027 [Member]
Debt Instrument [Line Items]
Interest rate, stated percentage	4.75%
5.625% Senior Notes Due 2026 [Member]
Debt Instrument [Line Items]
Interest rate, stated percentage	5.625%
6.5% Senior Secured Notes, 3.75% Senior Secured Notes, 4.75% Senior Notes, and 5.625% Senior Notes [Member]
Debt Instrument [Line Items]
Number of Covenants	2
Fixed charge coverage ratio, minimum	2
Secured indebtedness leverage ratio, maximum	3.5
First Step Down Period Consolidated Net Leverage Ratio Reduced | Senior Secured Credit Facility [Member]
Debt Instrument [Line Items]
Ratio of consolidated total debt to consolidated EBITDA	0.50
Subsequent Annual Step Down Period Consolidated Net Leverage Ratio Reduced | Senior Secured Credit Facility [Member]
Debt Instrument [Line Items]
Ratio of consolidated total debt to consolidated EBITDA	0.50

Subsequent Events (Details)

Subsequent Events (Details) - 2.0% Convertible Senior Notes Due 2025 [Member] - USD ($) $ in Thousands	Feb. 18, 2025	Dec. 31, 2024	Dec. 06, 2024
Subsequent Event [Line Items]
Debt Instrument, Repurchased Face Amount			$ 316,000
Interest rate, stated percentage		2%	2%
Subsequent Event [Member]
Subsequent Event [Line Items]
Debt Instrument, Repurchased Face Amount	$ 84,800
Interest rate, stated percentage	2%
Shares issued in connection with the conversion of convertible debt	182,560

DERIVATIVE INSTRUMENTS Derivati

DERIVATIVE INSTRUMENTS Derivative Instruments (Details) - Interest Rate Swap [Member] - Designated as Hedging Instrument [Member] $ in Millions	Dec. 31, 2024 USD ($)
Derivative [Line Items]
Interest rate swap, notional amount	$ 500
Fixed interest rate on interest rate swap	3.445%

FAIR VALUE MEASUREMENTS (Assets

FAIR VALUE MEASUREMENTS (Assets and Liabilities Measured on Recurring Basis) (Details) $ in Thousands	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Liabilities, Fair Value Disclosure [Abstract]
Put Option Trigger Certain Occur	1
Fair Value, Recurring [Member]
Assets, Fair Value Disclosure [Abstract]
Cash equivalents	$ 734,814	$ 580,126
Interest Rate Derivative Assets, at Fair Value	29,251	39,232
Forward currency contracts	9,462	156
Investments in nonconsolidated affiliates	122	865
Total	773,649	620,379
Liabilities, Fair Value Disclosure [Abstract]
Equity awards	6,300	5,938
Forward currency contracts	380	6,468
Put option	0	2,980
Contingent consideration	48,311	106,265
Total	54,991	121,651
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Assets, Fair Value Disclosure [Abstract]
Cash equivalents	734,814	580,126
Interest Rate Derivative Assets, at Fair Value	0	0
Forward currency contracts	0	0
Investments in nonconsolidated affiliates	122	865
Total	734,936	580,991
Liabilities, Fair Value Disclosure [Abstract]
Equity awards	0	0
Forward currency contracts	0	0
Put option	0	0
Contingent consideration	0	0
Total	0	0
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Assets, Fair Value Disclosure [Abstract]
Cash equivalents	0	0
Interest Rate Derivative Assets, at Fair Value	29,251	39,232
Forward currency contracts	9,462	156
Investments in nonconsolidated affiliates	0	0
Total	38,713	39,388
Liabilities, Fair Value Disclosure [Abstract]
Equity awards	0	0
Forward currency contracts	380	6,468
Put option	0	0
Contingent consideration	0	0
Total	380	6,468
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Assets, Fair Value Disclosure [Abstract]
Cash equivalents	0	0
Interest Rate Derivative Assets, at Fair Value	0	0
Forward currency contracts	0	0
Investments in nonconsolidated affiliates	0	0
Total	0	0
Liabilities, Fair Value Disclosure [Abstract]
Equity awards	6,300	5,938
Forward currency contracts	0	0
Put option	0	2,980
Contingent consideration	48,311	106,265
Total	$ 54,611	$ 115,183

FAIR VALUE MEASUREMENTS (Fair V

FAIR VALUE MEASUREMENTS (Fair Value of Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2024		Dec. 06, 2024	Nov. 01, 2024	Dec. 31, 2023
6.5% Senior Secured Notes Due 2027 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate, stated percentage	6.50%
6.5% Senior Secured Notes Due 2027 [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Fair Value	$ 1,213,896				$ 1,222,608
3.75% Senior Secured Notes Due 2028 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate, stated percentage	3.75%
3.75% Senior Secured Notes Due 2028 [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Fair Value	$ 472,635				469,515
4.875% Senior Notes Due 2024 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate, stated percentage				4.875%
4.875% Senior Notes Due 2024 [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Fair Value	$ 0	[1]			570,412
5.625% Senior Notes Due 2026 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate, stated percentage	5.625%
5.625% Senior Notes Due 2026 [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Fair Value	$ 299,529				297,606
4.75% Senior Notes Due 2027 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate, stated percentage	4.75%
4.75% Senior Notes Due 2027 [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Fair Value	$ 919,049				913,653
2.0% Convertible Senior Notes Due 2025 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate, stated percentage	2%		2%
2.0% Convertible Senior Notes Due 2025 [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Debt, Fair Value Disclosures	$ 103,032	[2]			423,668
3.125% Convertible Senior Notes Due 2029
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate, stated percentage	3.125%
3.125% Convertible Senior Notes Due 2029 | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Debt, Fair Value Disclosures	$ 1,365,560				1,136,160
2.875% Convertible Senior Notes Due 2030
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate, stated percentage	2.875%
2.875% Convertible Senior Notes Due 2030 | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Debt, Fair Value Disclosures	$ 1,105,852	[2]			$ 0
[1] In November 2024, we repaid $575.0 million principal amount outstanding on our 4.875% senior notes. In December 2024, we issued $1.1 billion principal amount of 2.875% convertible senior notes due 2030 and repurchased $316.0 million aggregate principal amount of the 2.0% convertible senior notes due 2025.

FAIR VALUE MEASUREMENTS (Fair_2

FAIR VALUE MEASUREMENTS (Fair Value of Assets Measured on Non-recurring Basis) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($)
Sponsorship and Advertising [Member] | Cost Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Nonrecurring Gain	$ 31,800
Sponsorship and Advertising [Member] | Cost Investments | Warrant
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Nonrecurring Gain	41,500
Concerts | Equity Method Investments
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
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in nonconsolidated affiliates	142,200
Investments in Nonconsolidated Affiliates, Warrant Fair Value	66,900
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Concerts | Equity Method Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in nonconsolidated affiliates	$ 35,900

COMMITMENTS AND CONTINGENT LI_3

COMMITMENTS AND CONTINGENT LIABILITIES (Leases, Contracts, Capital Expenditures) (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Non-cancelable Contracts [Abstract]
2025	$ 2,641,395
2026	907,072
2027	312,236
2028	398,417
2029	149,307
Thereafter	481,198
Total	4,889,625
Capital Expenditures [Abstract]
2025	32,841
2026	6,759
2027	5,273
2028	3,572
2029	7,501
Thereafter	62,621
Total	$ 118,567

COMMITMENTS AND CONTINGENT LI_4

COMMITMENTS AND CONTINGENT LIABILITIES (Business Acquisitions) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Other Current Liabilities [Member]
Business Acquisition [Line Items]
Amount accrued in other liabilities, deferred purchase consideration	$ 1.5	$ 14.9
Other Noncurrent Liabilities [Member]
Business Acquisition [Line Items]
Amount accrued in other liabilities, deferred purchase consideration	11.8	6.8
Earn Out Arrangements [Member] | Other Current Liabilities [Member]
Business Acquisition [Line Items]
Amount accrued in other liabilities, contingent consideration	39.3	83.9
Earn Out Arrangements [Member] | Other Noncurrent Liabilities [Member]
Business Acquisition [Line Items]
Amount accrued in other liabilities, contingent consideration	$ 9	$ 22.3

COMMITMENTS AND CONTINGENT LI_5

COMMITMENTS AND CONTINGENT LIABILITIES (Commitment Obligations) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Guarantee of Indebtedness of Others [Member]
Guarantor Obligations [Line Items]
Guaranteed debt of third parties	$ 19.4	$ 19.4

COMMITMENTS AND CONTINGENT LI_6

COMMITMENTS AND CONTINGENT LIABILITIES (Litigation) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) number numberOfClaims	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Nov. 05, 2021 number
Loss Contingencies [Line Items]
Loss Contingency, Loss in Period | $	$ 454,902	$ 0	$ 0
Astroworld Festival
Loss Contingencies [Line Items]
Astroworld Fatal Injuries | number				10
Number of Lawsuits Filed | number	450
Loss Contingency, Loss in Period | $	$ 454,900
Antitrust Litigation | CALIFORNIA
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number | numberOfClaims	3
Antitrust Litigation | NEW YORK
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number | numberOfClaims	2

CERTAIN RELATIONSHIPS AND REL_2

CERTAIN RELATIONSHIPS AND RELATED-PARTY TRANSACTIONS Certain Relationships and Related-Party Transactions (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) number director	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Liberty Media [Investor]
Related Party Transaction [Line Items]
Number of directors nominated by related party | director	2
Atlanta Braves [Member]
Related Party Transaction [Line Items]
Number of Liberty Media's board member with related party affiliation | number	1
Equity Method Investee [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	$ 18.9	$ 27.9	$ 40.7
Related Party Transaction, Purchases from Related Party	5.8	6.3	$ 13.7
Due from Related Parties	$ 48	$ 13.3

INCOME TAXES (Schedule of Incom

INCOME TAXES (Schedule of Income Tax Expense (Benefit)) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Components of Income Tax Expense (Benefit), Continuing Operations [Abstract]
Current - Federal							$ 39,122	$ 1,250	$ 658
Current - Foreign							253,442	229,073	103,320
Current - State							24,308	23,171	4,764
Total current							316,872	253,494	108,742
Deferred - Federal							(557,399)	5,982	6,223
Deferred - Foreign							(126,423)	(51,209)	(397)
Deferred - State							(24,748)	1,209	1,373
Total deferred							(708,570)	(44,018)	7,199
Income tax expense (benefit)	$ 80,164	$ 41,019	$ 52,961	$ 23,840	$ 121,183	$ 76,801	$ (391,698)	$ 209,476	$ 115,941

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Examination [Line Items]
Domestic income (loss) before income taxes	$ 31.8	$ 237.5	$ 217
Foreign income (loss) before income taxes	$ 707.6	$ 675.8	$ 273.5

INCOME TAXES (Schedule of Defer

INCOME TAXES (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deferred tax liabilities
Intangible assets	$ 282,200	$ 327,249
Leases	210,904	205,757
Other	45,075	38,132
Hedge investments	5,395	7,394
Prepaid expenses	3,802	3,494
Total deferred tax liabilities	547,376	582,026
Deferred tax assets
Net operating loss carryforwards	763,205	812,034
Accrued expenses	251,416	180,268
Leases	244,476	239,503
Capitalized research and development	90,477	67,516
Interest limitation	69,128	53,698
Other	61,555	30,580
Foreign tax and other credit carryforwards	51,153	51,351
Intangible assets	12,411	48,088
Equity compensation	10,831	11,504
Total gross deferred tax assets	1,554,652	1,494,542
Valuation allowance	569,495	1,194,374
Total deferred tax assets	985,157	300,168
Deferred Tax Assets, Net	$ 437,781
Net deferred tax liabilities		$ (281,858)

INCOME TAXES (Schedule of Def_2

INCOME TAXES (Schedule of Deferred Tax Assets and Liabilities) (Narrative) (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Deferred Tax Assets, Operating Loss Carryforwards, Components [Abstract]
Deferred Tax Assets, Operating Loss Carryforwards, Domestic	$ 215,100
Deferred Tax Assets, Operating Loss Carryforwards, State and Local	124,500
Deferred Tax Assets, Operating Loss Carryforwards, Foreign	423,600
Domestic Tax Jurisdiction [Member]
Tax Credit Carryforward [Line Items]
Deferred Tax Assets, Tax Credit Carryforwards	25,400
State and Local Jurisdiction
Tax Credit Carryforward [Line Items]
Deferred Tax Assets, Tax Credit Carryforwards	$ 25,700

INCOME TAXES (Reconciliation of

INCOME TAXES (Reconciliation of Income Tax from Statutory Rates to Income Tax Expense (Benefit)) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
United States statutory income tax rates							21%	21%	21%
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Income tax expense at United States statutory rate of 21%							$ 155,280	$ 187,854	$ 106,144
Differences between foreign and United States statutory rates							70,469	86,537	34,585
State income taxes, net of federal tax benefits							27,844	22,889	4,893
Nondeductible items							23,898	25,959	32,907
United States income inclusions and exclusions							(10,332)	28,450	(78,061)
Non-United States income inclusions and exclusions							(9,466)	(63,691)	(30,783)
Tax contingencies							674	6,191	728
Tax expense from acquired goodwill							0	7,953	7,596
Other, net							166	784	(879)
Change in valuation allowance							(650,231)	(93,450)	38,811
Income tax expense (benefit)	$ 80,164	$ 41,019	$ 52,961	$ 23,840	$ 121,183	$ 76,801	$ (391,698)	$ 209,476	$ 115,941

INCOME TAXES (Schedule of Unrec

INCOME TAXES (Schedule of Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Unrecognized Tax Benefits [Roll Forward]
Balance at January 1	$ 30,466	$ 22,996	$ 21,330
Increase for current year positions	1,451	2,333	751
Increase for prior year positions	1,001	4,453	896
Interest and penalties for prior years	255	1,063	160
Statute lapse for prior year positions	(3)	0	0
Settlements for prior year positions	(3,166)	(379)	(141)
Increase from foreign exchange	(312)	0	0
Balance at December 31	29,692	$ 30,466	$ 22,996
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	3,700
Unrecognized Tax Benefits That Would Not Impact Effective Tax Rate	$ 26,000

EQUITY (Common Stock) (Details)

EQUITY (Common Stock) (Details) - shares	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares issued as reported in the consolidated statement of changes in equity	231,295,639	229,785,241
Common shares issued as reported in the consolidated balance sheets	234,771,759	233,711,176
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unissued Retirement Eligible RSAs	0	4,125
Unvested stock awards	1,480,062	1,472,906	996,000	860,000
Market Based Stock Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested stock awards	1,996,058	2,448,904

EQUITY (Common Stock Narrative)

EQUITY (Common Stock Narrative) (Details) - shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock issued in connection with stock incentive plans	1,500,000	1,100,000	6,500,000
Shares available for future grants (in shares)	12,400,000
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options currently granted	1,514,000	2,366,000	3,257,000	7,720,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested stock awards	1,480,062	1,472,906	996,000	860,000
Market Based Stock Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested stock awards	1,996,058	2,448,904

EQUITY (Change in ownership int

EQUITY (Change in ownership interest) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Abstract]
Net income attributable to common stockholders of Live Nation	$ 297,970	$ (54,475)	$ 270,020	$ (1,673)	$ 243,495	$ 268,347	$ 896,287	$ 556,893	$ 266,440
Changes in Live Nation’s additional paid-in capital for purchases of noncontrolling interests, net of transaction costs							(30,049)	(100,940)	(64,601)
Changes in Live Nation’s additional paid-in capital for sales of noncontrolling interests, net of transaction costs							0	0	0
Net transfers of noncontrolling interests							(30,049)	(100,940)	(64,601)
Change from net income attributable to common stockholders of Live Nation and net transfers of noncontrolling interests							$ 866,238	$ 455,953	$ 201,839

EQUITY (Redeemable Noncontrolli

EQUITY (Redeemable Noncontrolling Interests) (Details) - Put Option [Member] $ in Millions	Dec. 31, 2024 USD ($)
First Redemption Period [Member]
Option Indexed to Issuer's Equity [Line Items]
Estimate of redemption amounts of put	$ 606
Second Redemption Period [Member]
Option Indexed to Issuer's Equity [Line Items]
Estimate of redemption amounts of put	574.7
Third Redemption Period [Member]
Option Indexed to Issuer's Equity [Line Items]
Estimate of redemption amounts of put	72
Fourth Redemption Period [Member]
Option Indexed to Issuer's Equity [Line Items]
Estimate of redemption amounts of put	67.5
Fifth Redemption Period [Member]
Option Indexed to Issuer's Equity [Line Items]
Estimate of redemption amounts of put	$ 29.8

EQUITY (Transactions With Nonco

EQUITY (Transactions With Noncontrolling Interest Partners) (Details) - Noncontrolling Interest [Member] - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Other Current Assets [Member]
Noncontrolling Interest [Line Items]
Loans receivable, net		$ 1.9
Other Noncurrent Assets [Member]
Noncontrolling Interest [Line Items]
Loans receivable, net	$ 50	$ 50

EQUITY (Accumulated Other Compr

EQUITY (Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 27,450	$ (90,076)	$ (152,800)
Other comprehensive income (loss), before reclassifications	(344,201)	134,684	62,412
Amount reclassified from AOCI	(18,361)	(17,158)	312
Net other comprehensive income (loss)	(362,562)	117,526	62,724
Ending balance	(335,112)	27,450	(90,076)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	29,350	41,283	(8,558)
Other comprehensive income (loss), before reclassifications	10,529	5,225	49,529
Amount reclassified from AOCI	(18,361)	(17,158)	312
Net other comprehensive income (loss)	(7,832)	(11,933)	49,841
Ending balance	21,518	29,350	41,283
Foreign Currency Items [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(1,900)	(131,359)	(144,242)
Other comprehensive income (loss), before reclassifications	(354,730)	129,459	12,883
Amount reclassified from AOCI	0	0	0
Net other comprehensive income (loss)	(354,730)	129,459	12,883
Ending balance	$ (356,630)	$ (1,900)	$ (131,359)

EQUITY (Weighted Average Common

EQUITY (Weighted Average Common Shares Outstanding) (Details) - shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Weighted Average Common Shares Basic and Diluted [Line Items]
Weighted average common shares—basic	230,124,255	228,628,390	224,809,558
Stock options and restricted stock	2,686,001	2,348,936	6,747,308
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities	3,542,193	0	0
Weighted average common shares—diluted	236,352,449	230,977,326	231,556,866

EQUITY (Antidilutive Securities

EQUITY (Antidilutive Securities Excluded from Computation of Earnings per Share) (Details) - shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding	16,465,390	15,535,873	14,086,348
Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding	0	3,750	3,750
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding	1,518,940	2,527,463	2,218,563
Convertible Debt Securities [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding	14,946,450	13,004,660	11,864,035

SEGMENTS AND REVENUE RECOGNIT_3

SEGMENTS AND REVENUE RECOGNITION Overview (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Entertainment
Concentration Risk [Line Items]
Concentration Risk, Percentage	0%	0%	0%

SEGMENTS AND REVENUE RECOGNIT_4

SEGMENTS AND REVENUE RECOGNITION Concerts (Details)	12 Months Ended
	Dec. 31, 2024
Concerts
Disaggregation of Revenue [Line Items]
Percentage Of Concerts Revenue From Events And Festivals	97%

SEGMENTS AND REVENUE RECOGNIT_5

SEGMENTS AND REVENUE RECOGNITION Ticketing Contract Advances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Capitalized Contract Cost [Line Items]
Amortization of non-recoupable ticketing contract advances	$ 88,717	$ 83,693	$ 79,043
Ticketing
Capitalized Contract Cost [Line Items]
Amortization of non-recoupable ticketing contract advances	88,700	83,700	$ 79,000
Prepaid Expenses [Member] | Ticketing
Capitalized Contract Cost [Line Items]
Ticketing contract advances	158,100	143,900
Other Noncurrent Assets [Member] | Ticketing
Capitalized Contract Cost [Line Items]
Ticketing contract advances	$ 128,900	$ 135,600

SEGMENTS AND REVENUE RECOGNIT_6

SEGMENTS AND REVENUE RECOGNITION Sponsorship Performance Obligation (Details) - Sponsorship and Advertising [Member] $ in Billions	Dec. 31, 2024 USD ($)
Sponsorship 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 contracted agreements to be recognized next year	41%
Percentage of revenue on contracted agreements to be recognized in two years	29%
Percentage of revenue on contracted agreement to be recognized in three years	16%
Percentage of revenue on contracted agreements to be recognized after three years	14%

SEGMENTS AND REVENUE RECOGNIT_7

SEGMENTS AND REVENUE RECOGNITION Segment Results Of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended	12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2023	Dec. 31, 2024	Dec. 31, 2023		Dec. 31, 2022
Segment Reporting Information [Line Items]
Revenues	$ 5,628,514	$ 3,124,559	$ 8,753,073	$ 23,155,625	$ 22,726,317	[1]	$ 16,681,254
Other Segment Items				21,009,727	20,845,198		15,284,159
AOI (1)				2,145,898	1,881,119	[2]	1,397,095	[2]
Capital expenditures				637,631	468,751		376,918
Revision of Prior Period, Error Correction, Adjustment
Segment Reporting Information [Line Items]
Revenues	$ (2,209)	$ (2,831)			(22,756)
AOI (1)					18,700		(10,100)
Concerts [Member] | Revision of Prior Period, Error Correction, Adjustment
Segment Reporting Information [Line Items]
Revenues					22,800
AOI (1)					5,100		5,100
Ticketing | Revision of Prior Period, Error Correction, Adjustment
Segment Reporting Information [Line Items]
AOI (1)					23,800		15,200
Operating Segments [Member] | Concerts [Member]
Segment Reporting Information [Line Items]
Revenues				$ 19,024,302	$ 18,740,913	[1]	$ 13,494,100
Percentage Of Segment Revenue To Total Revenue				82.20%	82.50%		80.90%
Other Segment Items				$ 18,494,554	$ 18,420,516		$ 13,319,260
AOI (1)				529,748	320,397	[3]	174,840	[3]
Capital expenditures				491,691	346,392		277,133
Operating Segments [Member] | Ticketing
Segment Reporting Information [Line Items]
Revenues				$ 2,988,685	$ 2,959,477		$ 2,238,618
Percentage Of Segment Revenue To Total Revenue				12.90%	13%		13.40%
Other Segment Items				$ 1,865,097	$ 1,819,344		$ 1,425,904
AOI (1)				1,123,588	1,140,133	[3]	812,714	[3]
Capital expenditures				87,925	68,991		70,739
Operating Segments [Member] | Sponsorship and Advertising [Member]
Segment Reporting Information [Line Items]
Revenues				$ 1,195,019	$ 1,095,217		$ 968,146
Percentage Of Segment Revenue To Total Revenue				5.20%	4.80%		5.80%
Other Segment Items				$ 431,242	$ 420,080		$ 376,174
AOI (1)				763,777	675,137		591,972
Capital expenditures				24,507	18,250		19,383
Operating Segments [Member] | Corporate
Segment Reporting Information [Line Items]
Revenues				0	0		0
Other Segment Items				242,955	214,974		167,882
AOI (1)				(242,955)	(214,974)		(167,882)
Capital expenditures				33,508	35,118		9,680
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues				(52,381)	(69,290)		(21,464)
Intersegment Eliminations [Member] | Concerts [Member]
Segment Reporting Information [Line Items]
Revenues				29,633	17,773		12,821
Intersegment Eliminations [Member] | Ticketing
Segment Reporting Information [Line Items]
Revenues				22,220	51,517		8,643
Intersegment Eliminations [Member] | Sponsorship and Advertising [Member]
Segment Reporting Information [Line Items]
Revenues				528	0		0
Intersegment Eliminations [Member] | Other & Eliminations
Segment Reporting Information [Line Items]
Revenues				$ (52,381)	$ (69,290)		$ (19,610)
Percentage Of Segment Revenue To Total Revenue				(0.30%)	(0.30%)		(0.10%)
Other Segment Items				$ (24,121)	$ (29,716)		$ (5,061)
AOI (1)				(28,260)	(39,574)		(14,549)
Capital expenditures				0	0		(17)
Intersegment Eliminations [Member] | Corporate
Segment Reporting Information [Line Items]
Revenues				$ 0	$ 0		$ 0
[1] Prior period revenue was revised as further discussed in Note 2 – Correction of Errors in Previously Reported Consolidated Financial Statements. For the year ended December 31, 2023, the revision decreased our Concerts segment revenue by $22.8 million. For the years ended December 31, 2023 and December 31, 2022, the revision increased our AOI and operating income by $18.7 million for 2023 and decreased our AOI and operating income by $10.1 million for 2022, respectively. See further discussion in Note 2 – Correction of Errors in Previously Reported Consolidated Financial Statements. Prior period AOI was revised as further discussed in Note 2 – Correction of Errors in Previously Reported Consolidated Financial Statements. For the years ended December 31, 2023 and December 31, 2022, the revision decreased our Concerts segment AOI by $5.1 million and increased AOI by $5.1 million, respectively. For the years ended December 31, 2023 and December 31, 2022, the revision increased our Ticketing segment AOI by $23.8 million and decreased AOI by $15.2 million, respectively.

SEGMENTS AND REVENUE RECOGNIT_8

SEGMENTS AND REVENUE RECOGNITION Reconciliation of AOI (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2024	Dec. 31, 2023		Dec. 31, 2022
Reconciliation of AOI [Line Items]
AOI (1)							$ 2,145,898	$ 1,881,119	[1]	$ 1,397,095	[1]
Acquisition expenses							128,513	93,664		68,078
Amortization of non-recoupable ticketing contract advances							88,717	83,693		79,043
Depreciation and amortization							549,923	516,797		449,976
Gain on sale of operating assets							(11,015)	(13,927)		(32,082)
Loss Contingency, Loss in Period							454,902	0		0
Stock-based compensation expense							110,348	115,959		110,049
Operating income (loss)	$ 465,819	$ (41,390)	$ 381,599	$ 131,152	$ 424,429	$ 512,751	$ 824,510	1,084,933	[1]	722,031	[1]
Revision of Prior Period, Error Correction, Adjustment
Reconciliation of AOI [Line Items]
AOI (1)								18,700		(10,100)
Operating income (loss)		$ (4,883)	$ (4,772)	$ (11,624)				$ 18,730		$ (10,087)
[1] For the years ended December 31, 2023 and December 31, 2022, the revision increased our AOI and operating income by $18.7 million for 2023 and decreased our AOI and operating income by $10.1 million for 2022, respectively. See further discussion in Note 2 – Correction of Errors in Previously Reported Consolidated Financial Statements.

SEGMENTS AND REVENUE RECOGNIT_9

SEGMENTS AND REVENUE RECOGNITION Deferred Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Deferred Revenue Arrangement [Line Items]
Deferred Revenue, Current	$ 3,721,092	$ 3,398,028	$ 3,100,000
Recognition of deferred revenue	3,320,363	3,026,619
Concerts [Member]
Deferred Revenue Arrangement [Line Items]
Recognition of deferred revenue	3,046,474	2,757,149
Ticketing
Deferred Revenue Arrangement [Line Items]
Recognition of deferred revenue	176,901	142,940
Sponsorship and Advertising [Member]
Deferred Revenue Arrangement [Line Items]
Recognition of deferred revenue	$ 96,988	$ 126,530

STOCK-BASED COMPENSATION (Summa

STOCK-BASED COMPENSATION (Summary of stock-based compensation expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 110,348	$ 115,959	$ 110,049
Total unrecognized compensation cost	$ 103,900
Amortization period of unrecognized compensation cost	2 years 4 months 24 days
Ticketmaster Plan [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Expiration period	10 years
Selling, General and Administrative Expense [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 50,668	40,751	45,214
Corporate expenses [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 59,680	$ 75,208	$ 64,835

STOCK-BASED COMPENSATION (Stock

STOCK-BASED COMPENSATION (Stock Options) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Stock-based compensation, additional disclosures [Abstract]
Intrinsic value of stock options exercised	$ 60,400	$ 58,300	$ 390,900
Proceeds from exercise of stock options	$ 26,052	$ 19,264	$ 35,775
Shares available for future grants (in shares)	12,400,000
Total intrinsic value, options outstanding	$ 144,400
Total intrinsic value, options exercisable	$ 144,400
Stock Option [Member]
Summary of stock option activity [Roll Forward]
Outstanding at beginning of period (in shares)	2,366,000	3,257,000	7,720,000
Granted (in shares)	0
Exercised (in shares)	(851,000)	(891,000)	(4,461,000)
Forfeited or expired (in shares)	(1,000)	0	(2,000)
Outstanding at end of period (in shares)	1,514,000	2,366,000	3,257,000
Exercisable at end of period (in shares)	1,513,000	2,362,000	3,171,000
Summary of stock option activity, additional disclosures [Abstract]
Outstanding at beginning of period (in dollars per share)	$ 32.85	$ 29.78	$ 18.24
Exercised (in dollars per share)	30.57	21.63	9.79
Forfeited or expired (in dollars per share)	63.29	0	70.26
Outstanding at end of period (in dollars per share)	34.12	32.85	29.78
Exercisable at end of period (in dollars per share)	34.09	32.78	29.02
Weighted average fair value per option granted (in dollars per share)	$ 0	$ 0	$ 0
Stock-based compensation, additional disclosures [Abstract]
Expiration period	10 years
Stock Incentive Plan [Member]
Stock-based compensation, additional disclosures [Abstract]
Shares available for future grants (in shares)	7,400,000
Minimum [Member] | Stock Option [Member]
Stock-based compensation, additional disclosures [Abstract]
Vesting Period	1 year
Maximum [Member]
Stock-based compensation, additional disclosures [Abstract]
Vesting Period	5 years
Maximum [Member] | Stock Option [Member]
Stock-based compensation, additional disclosures [Abstract]
Vesting Period	4 years

STOCK-BASED COMPENSATION (Exerc

STOCK-BASED COMPENSATION (Exercise price range) (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2024 $ / shares shares
$15.00 - $19.99 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Lower range limit (in dollars per share)	$ 15
Upper range limit (in dollars per share)	$ 19.99
Outstanding (in shares) | shares	510
Outstanding, weighted average remaining contractual life (in years)	1 year 1 month 6 days
Outstanding, weighted average exercise price (in dollars per share)	$ 19.36
Exercisable (in shares) | shares	510
Exercisable, weighted average remaining contractual life (in years)	1 year 1 month 6 days
Exercisable, weighted average exercise price (in dollars per share)	$ 19.36
$20.00 - $24.99 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Lower range limit (in dollars per share)	20
Upper range limit (in dollars per share)	$ 24.99
Outstanding (in shares) | shares	5
Outstanding, weighted average remaining contractual life (in years)	1 year 3 months 18 days
Outstanding, weighted average exercise price (in dollars per share)	$ 23.43
Exercisable (in shares) | shares	5
Exercisable, weighted average remaining contractual life (in years)	1 year 3 months 18 days
Exercisable, weighted average exercise price (in dollars per share)	$ 23.43
$25.00 - $29.99 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Lower range limit (in dollars per share)	25
Upper range limit (in dollars per share)	$ 29.99
Outstanding (in shares) | shares	484
Outstanding, weighted average remaining contractual life (in years)	2 years 2 months 12 days
Outstanding, weighted average exercise price (in dollars per share)	$ 28.99
Exercisable (in shares) | shares	484
Exercisable, weighted average remaining contractual life (in years)	2 years 2 months 12 days
Exercisable, weighted average exercise price (in dollars per share)	$ 28.99
$30.00 - $44.99 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Lower range limit (in dollars per share)	30
Upper range limit (in dollars per share)	$ 44.99
Outstanding (in shares) | shares	145
Outstanding, weighted average remaining contractual life (in years)	3 years 2 months 12 days
Outstanding, weighted average exercise price (in dollars per share)	$ 44.05
Exercisable (in shares) | shares	145
Exercisable, weighted average remaining contractual life (in years)	3 years 2 months 12 days
Exercisable, weighted average exercise price (in dollars per share)	$ 44.05
$45.00 - $60.99 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Lower range limit (in dollars per share)	45
Upper range limit (in dollars per share)	$ 60.99
Outstanding (in shares) | shares	357
Outstanding, weighted average remaining contractual life (in years)	4 years 2 months 12 days
Outstanding, weighted average exercise price (in dollars per share)	$ 56.79
Exercisable (in shares) | shares	357
Exercisable, weighted average remaining contractual life (in years)	4 years 2 months 12 days
Exercisable, weighted average exercise price (in dollars per share)	$ 56.79
$61.00 - $89.99 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Lower range limit (in dollars per share)	61
Upper range limit (in dollars per share)	$ 89.99
Outstanding (in shares) | shares	13
Outstanding, weighted average remaining contractual life (in years)	6 years
Outstanding, weighted average exercise price (in dollars per share)	$ 74.39
Exercisable (in shares) | shares	12
Exercisable, weighted average remaining contractual life (in years)	6 years
Exercisable, weighted average exercise price (in dollars per share)	$ 73.19

STOCK-BASED COMPENSATION (Restr

STOCK-BASED COMPENSATION (Restricted Stock Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total fair market value of the shares issued upon vesting	$ 58.1	$ 32.2	$ 183.8
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Period	5 years
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	749,000	841,000	2,002,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number	1,480,062	1,472,906	996,000	860,000
Restricted Stock [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Period	1 year
Restricted Stock [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Period	5 years
Non-Market Based or Performance Based Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	300,000	400,000	1,800,000
Non-Market Based or Performance Based Restricted Stock Awards [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Period	1 year	2 months	1 month
Non-Market Based or Performance Based Restricted Stock Awards [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Period	4 years	4 years	6 years
Restricted Stock Performance Based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Period	2 years	2 years	2 years
Granted (in shares)	400,000	400,000	200,000

STOCK-BASED COMPENSATION (Res_2

STOCK-BASED COMPENSATION (Restricted Stock Awards) (Details) - Restricted Stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Summary of restricted stock [Roll Forward]
Unvested at beginning of period (in shares)	1,472,906	996,000	860,000
Granted (in shares)	749,000	841,000	2,002,000
Forfeited (in shares)	(32,000)	(7,000)	(22,000)
Vested (in shares)	(710,000)	(357,000)	(1,844,000)
Unvested at end of period (in shares)	1,480,062	1,472,906	996,000
Summary of restricted stock awards, additional disclosures [Abstract]
Unvested at beginning of period (in dollars per share)	$ 78.34	$ 89.22	$ 78.48
Granted (in dollars per share)	96.49	70.51	103.34
Forfeited (in dollars per share)	85.51	92.06	80.57
Vested (in dollars per share)	81.84	89.93	99.68
Unvested at end of period (in dollars per share)	$ 85.70	$ 78.34	$ 89.22

STOCK-BASED COMPENSATION (Defer

STOCK-BASED COMPENSATION (Deferred Stock Award Narrative and Fair Value Assumptions) (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Maximum [Member]
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Vesting Period	5 years
Deferred Compensation, Share-based Payments [Member]
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Awarded (in shares)	33	289	2,160
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum			45.10%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum	40.57%	39.33%	45.99%
Weighted average expected life (in years)	4 years 10 months 2 days	5 years 2 months 19 days	5 years 3 months 7 days
Deferred Compensation, Share-based Payments [Member] | Minimum [Member]
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Vesting Period			5 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate			2.85%
Deferred Compensation, Share-based Payments [Member] | Maximum [Member]
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Vesting Period	5 years	5 years	6 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	4.17%	4.47%	3.69%

STOCK-BASED COMPENSATION (Def_2

STOCK-BASED COMPENSATION (Deferred Stock) (Details) - Deferred Compensation, Share-based Payments [Member] - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Summary of Deferred Stock [Roll Forward]
Unvested at beginning of period (in shares)	2,449	2,160	2,192
Awarded (in shares)	33	289	2,160
Forfeited (in shares)	0	0	0
Vested (in shares)	(486)	0	(2,192)
Unvested at end of period (in shares)	1,996	2,449	2,160
Summary of deferred stock awards, additional disclosures [Abstract]
Unvested at beginning of period (in dollars per share)	$ 61.05	$ 59.79	$ 26.56
Awarded (in dollars per share)	76.61	70.47	59.79
Forfeited (in dollars per share)	0	0	0
Vested (in dollars per share)	66.87	0	26.56
Unvested at end of period (in dollars per share)	$ 59.89	$ 61.05	$ 59.79

OTHER INFORMATION (Details)

OTHER INFORMATION (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
The following details the components of "other current assets" [Abstract]
Inventory	$ 50,145	$ 45,141
Notes receivable	32,018	43,846
Other	107,365	33,176
Other current assets	189,528	122,163
The following details the components of "other long-term assets"
Investments in nonconsolidated affiliates	504,194	447,494
Deferred Income Tax Assets, Net	577,932	42,840
Notes receivable	226,021	176,133
Other	472,819	268,382
Other long-term assets	1,780,966	934,849
The following details the components of "accrued expenses"
Accrued compensation and benefits	512,531	529,987
Accrued event expenses	934,560	1,154,861
Accrued insurance	316,967	264,770
Accrued legal	284,544	24,515
Collections on behalf of others	120,873	82,253
Accrued ticket refunds	18,263	21,196
Other	869,596	953,230
Accrued expenses	3,057,334	3,030,812
The following details the components of "other current liabilities"
Contingent and deferred purchase consideration	40,801	98,835
Other	22,089	29,595
Other current liabilities	62,890	128,430
The following details the components of "other long-term liabilities"
Long-term deferred income taxes	140,151	324,698
Deferred revenue	120,064	60,555
Contingent and deferred purchase consideration	20,735	29,161
Other	196,813	73,745
Other long-term liabilities	$ 477,763	$ 488,159

GEOGRAPHIC DATA (Details)

GEOGRAPHIC DATA (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended	12 Months Ended
		Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2023	Dec. 31, 2024	Dec. 31, 2023		Dec. 31, 2022
Segment Overview [Line Items]
Revenues		$ 5,628,514	$ 3,124,559	$ 8,753,073	$ 23,155,625	$ 22,726,317	[1]	$ 16,681,254
Long-Lived Assets					4,059,905	3,707,852		3,059,058
Revision of Prior Period, Error Correction, Adjustment
Segment Overview [Line Items]
Revenues		$ (2,209)	$ (2,831)			(22,756)
Europe
Segment Overview [Line Items]
Revenues					4,621,210	4,425,854		3,160,268
Long-Lived Assets					825,909	819,426		771,230
Total Other Foreign Operations
Segment Overview [Line Items]
Revenues					4,160,359	4,085,191		2,474,495
Long-Lived Assets					348,913	306,725		226,752
Total Foreign Operations [Member]
Segment Overview [Line Items]
Revenues					8,781,569	8,511,045		5,634,763
Long-Lived Assets					1,174,822	1,126,151		997,982
Total Domestic Operations [Member]
Segment Overview [Line Items]
Revenues					14,374,056	14,215,272	[2]	11,046,491
Long-Lived Assets					$ 2,885,083	2,581,701		$ 2,061,076
Total Domestic Operations [Member] | Revision of Prior Period, Error Correction, Adjustment
Segment Overview [Line Items]
Revenues	[2]					$ 22,800
[1] Prior period revenue was revised as further discussed in Note 2 – Correction of Errors in Previously Reported Consolidated Financial Statements. For the year ended December 31, 2023, the revision decreased our Concerts segment revenue by $22.8 million. For the year ended December 31, 2023, the revision decreased our domestic revenue by $22.8 million. See further discussion in Note 2 – Correction of Errors in Previously Reported Consolidated Financial Statements.

SCHEDULE II VALUATION AND QUA_2

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
Valuation allowances and reserves [Roll Forward]
Balance at Beginning of Period		$ 82,350	$ 63,294	$ 50,491
Charges of Costs, Expenses and Other		10,430	32,645	29,281
Write-off of Accounts Receivable		22,901	10,771	10,364
Other		2,784	(2,818)	(6,114)
Balance at End of Period		72,663	82,350	63,294
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
Valuation allowances and reserves [Roll Forward]
Balance at Beginning of Period		1,194,374	1,240,881	1,219,496
Charges of Costs, Expenses and Other		(650,231)	(93,450)	38,811
Deletions		0	0	0
Other	[1]	25,352	46,943	(17,426)
Balance at End of Period		$ 569,495	$ 1,194,374	$ 1,240,881
[1] During 2024, 2023 and 2022, the valuation allowance was adjusted for acquisitions, divestitures and foreign currency adjustments.