Annual report pursuant to Section 13 and 15(d)

CORRECTION OF ERRORS (Details)

v3.25.0.1
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.
[2] 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.