Quarterly report [Sections 13 or 15(d)]

LONG-LIVED ASSETS (Long-Lived Assets) (Tables)

v3.25.3
LONG-LIVED ASSETS (Long-Lived Assets) (Tables)
 9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment
Property, plant and equipment, net consisted of the following:
September 30, 2025 December 31, 2024
(in thousands)
Land, buildings and improvements $ 2,641,482  $ 2,325,929 
Computer equipment and capitalized software 969,201  867,294 
Furniture and other equipment 891,178  757,803 
Construction in progress 779,330  386,880 
Property, plant and equipment, gross 5,281,191  4,337,906 
Less: accumulated depreciation 2,159,582  1,896,034 
Property, plant and equipment, net $ 3,121,609  $ 2,441,872 
Gross Carrying Amount and Accumulated Amortization of Definite-Lived Intangible Assets
The following table presents the changes in the gross carrying amount and accumulated amortization of definite-lived intangible assets for the nine months ended September 30, 2025:
Revenue-
generating
contracts		 Client /
vendor
relationships		 Venue
management		 Trademarks
and naming rights
Technology
and other (1)
Total
(in thousands)
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 
Gross carrying amount:
Acquisitions and additions—current year
 35,092  170,240  7,729  2,241  945  216,247 
Foreign exchange 66,840  19,203  6,229  7,787  759  100,818 
Other (2)
(130,021) (41,820) (15,055) (63,794) 12,652  (238,038)
Net change (28,089) 147,623  (1,097) (53,766) 14,356  79,027 
Accumulated amortization:
Amortization
(78,760) (72,653) (22,504) (11,120) (7,921) (192,958)
Foreign exchange (26,019) (7,781) (2,488) (3,084) (299) (39,671)
Other (2)
109,717  41,618  15,157  63,810  1,593  231,895 
Net change 4,938  (38,816) (9,835) 49,606  (6,627) (734)
Balance as of September 30, 2025:
Gross carrying amount
 791,505  715,195  230,083  108,722  40,593  1,886,098 
Accumulated amortization
 (334,360) (325,197) (86,780) (55,362) (20,294) (821,993)
Net $ 457,145  $ 389,998  $ 143,303  $ 53,360  $ 20,299  $ 1,064,105 
__________________
(1) Other primarily includes crypto assets and intangible assets for non-compete agreements.
(2) Other primarily includes netdowns of fully amortized or impaired assets as well as mark-to-market adjustments of crypto assets.
[1],[2]
Weighted Average Lives of Additions to Definite-Lived Intangible Assets
The 2025 acquisitions and additions to definite-lived intangible assets had weighted-average lives as follows:
Weighted-Average
Life (years)
Revenue-generating contracts 5
Client/vendor relationships 7
Trademarks and naming rights 5
Venue management 5
All categories 6
Changes in Goodwill by Segment
The following table presents the changes in the carrying amount of goodwill in each of our reportable segments for the nine months ended September 30, 2025:
Concerts Ticketing Sponsorship
& Advertising		 Total
(in thousands)
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 
Acquisitions—current year 116,844  758  —  117,602 
Acquisitions—prior year (274) —  —  (274)
Foreign exchange 6,342  35,992  61,143  103,477 
Balance as of September 30, 2025:
Goodwill 1,585,014  1,000,971  691,094  3,277,079 
Accumulated impairment losses (435,363) —  —  (435,363)
                 Net $ 1,149,651  $ 1,000,971  $ 691,094  $ 2,841,716 
[1] Other primarily includes crypto assets and intangible assets for non-compete agreements.
[2] Other primarily includes netdowns of fully amortized or impaired assets as well as mark-to-market adjustments of crypto assets.