Quarterly report pursuant to Section 13 or 15(d)

SEGMENT DATA Segment Data (Tables)

v3.21.1
SEGMENT DATA Segment Data (Tables)
3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Results of Operations Related to Reportable Segments of the Entity The following table presents the results of operations for our reportable segments for the three months ended March 31, 2021 and 2020:
Concerts Ticketing Sponsorship
& Advertising
Other Corporate Eliminations Consolidated
(in thousands)
Three Months Ended March 31, 2021
Revenue $ 239,416  $ 28,322  $ 22,647  $ 815  $ —  $ (591) $ 290,609 
Direct operating expenses 113,904  17,832  2,821  —  —  (591) 133,966 
Selling, general and administrative expenses 207,847  94,668  19,103  1,235  —  —  322,853 
Depreciation and amortization 62,886  36,478  7,164  11  2,337  —  108,876 
Loss on disposal of operating assets 138  —  —  —  —  —  138 
Corporate expenses —  —  —  —  27,948  —  27,948 
Operating loss $ (145,359) $ (120,656) $ (6,441) $ (431) $ (30,285) $ —  $ (303,172)
Intersegment revenue $ 591  $ —  $ —  $ —  $ —  $ (591) $ — 
Capital expenditures $ 6,653  $ 9,675  $ 1,160  $ —  $ 1,449  $ —  $ 18,937 
Three Months Ended March 31, 2020
Revenue $ 993,393  $ 284,277  $ 90,261  $ 796  $ —  $ (3,034) $ 1,365,693 
Direct operating expenses 750,905  104,413  21,536  —  —  (3,034) 873,820 
Selling, general and administrative expenses 331,276  157,546  22,987  2,212  —  —  514,021 
Depreciation and amortization 72,216  38,176  7,512  53  4,123  —  122,080 
Loss on disposal of operating assets 127  —  —  —  130 
Corporate expenses —  —  —  —  28,312  —  28,312 
Operating income (loss) $ (161,131) $ (15,860) $ 38,226  $ (1,470) $ (32,435) $ —  $ (172,670)
Intersegment revenue $ 1,233  $ 1,801  $ —  $ —  $ —  $ (3,034) $ — 
Capital expenditures $ 48,871  $ 22,167  $ 1,292  $ —  $ 3,442  $ —  $ 75,772