Quarterly report pursuant to Section 13 or 15(d)

SEGMENT DATA Segment Data (Tables)

v3.22.2
SEGMENT DATA Segment Data (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Results of Operations Related to Reportable Segments of the Entity
The following table presents the results of operations for our reportable segments for the three and six months ended June 30, 2022 and 2021:
Concerts Ticketing Sponsorship
& Advertising
Other & Eliminations Corporate Consolidated
(in thousands)
Three Months Ended June 30, 2022
Revenue $ 3,597,761  $ 575,305  $ 263,786  $ (2,678) $ —  $ 4,434,174 
Intersegment revenue $ 1,575  $ 1,646  $ —  $ (3,221) $ —  $ — 
AOI $ 122,944  $ 230,759  $ 178,304  $ (2,027) $ (50,381) $ 479,599 
Three Months Ended June 30, 2021
Revenue $ 286,958  $ 244,001  $ 44,561  $ 426  $ —  $ 575,946 
Intersegment revenue $ (591) $ 980  $ —  $ (389) $ —  $ — 
AOI $ (84,049) $ 99,416  $ 13,028  $ (1,223) $ (17,520) $ 9,652 
Six Months Ended June 30, 2022
Revenue $ 4,805,586  $ 1,055,704  $ 379,475  $ (3,783) $ —  $ 6,236,982 
Intersegment revenue $ 2,227  $ 2,912  $ —  $ (5,139) $ —  $ — 
AOI $ 73,778  $ 436,979  $ 248,004  $ (6,407) $ (63,716) $ 688,638 
Six Months Ended June 30, 2021
Revenue $ 526,374  $ 272,323  $ 67,208  $ 650  $ —  $ 866,555 
Intersegment revenue $ —  $ 980  $ —  $ (980) $ —  $ — 
AOI $ (158,588) $ 36,664  $ 16,544  $ (3,445) $ (33,267) $ (142,092)
Reconciliation of AOI to Operating Income (Loss)
The following table sets forth the reconciliation of consolidated AOI to operating income (loss) for the three and six months ended June 30, 2022 and 2021:
Three Months Ended June 30, Six Months Ended June 30,
2022 2021 2022 2021
(in thousands)
AOI $ 479,599  $ 9,652  $ 688,638  $ (142,092)
Acquisition expenses 9,543  2,381  21,620  (5,843)
Amortization of non-recoupable ticketing contract advance 21,865  18,107  40,392  28,728 
Depreciation and amortization 115,927  103,647  216,396  212,523 
Loss (gain) on sale of operating assets 1,065  (28) 2,730  110 
Stock-based compensation expense 12,500  12,830  61,741  52,847 
Operating income (loss) $ 318,699  $ (127,285) $ 345,759  $ (430,457)