Quarterly report [Sections 13 or 15(d)]

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

v3.26.1
LONG-LIVED ASSETS (Long-Lived Assets) (Tables)
 3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment
Property, plant and equipment, net consisted of the following:
March 31, 2026 December 31, 2025
(in thousands)
Land, buildings and improvements $ 3,057,518  $ 2,873,491 
Computer equipment and capitalized software 836,632  815,403 
Furniture and other equipment 1,012,377  952,651 
Construction in progress 880,811  830,878 
Property, plant and equipment, gross 5,787,338  5,472,423 
Less: accumulated depreciation 2,123,107  2,056,652 
Property, plant and equipment, net $ 3,664,231  $ 3,415,771 
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 three months ended March 31, 2026:
Revenue-
generating
contracts		 Client /
vendor
relationships		 Venue
management		 Trademarks
and naming rights
Technology
and other (1)
Total
(in thousands)
Balance as of December 31, 2025:
Gross carrying amount
 $ 786,202  $ 731,488  $ 242,430  $ 103,289  $ 51,406  $ 1,914,815 
Accumulated amortization
 (335,483) (334,693) (91,472) (52,658) (22,056) (836,362)
Net 450,719  396,795  150,958  50,631  29,350  1,078,453 
Gross carrying amount:
Acquisitions and additions current year
 23,792  36,115  3,774  —  —  63,681 
Acquisitions and additions prior year
 557  160  (2) —  1,091  1,806 
Foreign exchange (397) (2,570) (907) 518  (214) (3,570)
Other (2)
(19,995) (23,100) —  —  (21,872) (64,967)
Net change 3,957  10,605  2,865  518  (20,995) (3,050)
Accumulated amortization:
Amortization
(25,187) (29,963) (7,980) (2,908) (3,693) (69,731)
Foreign exchange 743  2,024  421  (333) 134  2,989 
Other (2)
19,987  23,100  4  (9) 19,547  62,629 
Net change (4,457) (4,839) (7,555) (3,250) 15,988  (4,113)
Balance as of March 31, 2026:
Gross carrying amount
 790,159  742,093  245,295  103,807  30,411  1,911,765 
Accumulated amortization
 (339,940) (339,532) (99,027) (55,908) (6,068) (840,475)
Net $ 450,219  $ 402,561  $ 146,268  $ 47,899  $ 24,343  $ 1,071,290 
__________________
(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 2026 acquisitions and additions to definite-lived intangible assets had weighted-average lives as follows:
Weighted-Average
Life (years)
Revenue-generating contracts 8
Client/vendor relationships 5
Venue management 10
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 three months ended March 31, 2026:
Concerts Ticketing Sponsorship
& Advertising		 Total
(in thousands)
Balance as of December 31, 2025:
Goodwill $ 1,615,188  $ 1,014,580  $ 694,773  $ 3,324,541 
Accumulated impairment losses (435,363) —  —  (435,363)
                 Net 1,179,825  1,014,580  694,773  2,889,178 
Acquisitions—current year 35,499  —  17,671  53,170 
Acquisitions—prior year 1,504  (120) —  1,384 
Foreign exchange (3,467) (1,884) (5,138) (10,489)
Balance as of March 31, 2026:
Goodwill 1,648,724  1,012,576  707,306  3,368,606 
Accumulated impairment losses (435,363) —  —  (435,363)
                 Net $ 1,213,361  $ 1,012,576  $ 707,306  $ 2,933,243 
[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.