Quarterly report [Sections 13 or 15(d)]

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

v3.26.1
LONG-LIVED ASSETS (Long-Lived Assets) (Tables)
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment
Property, plant and equipment, net consisted of the following:
June 30, 2026 December 31, 2025
(in thousands)
Land, buildings and improvements $ 3,387,962  $ 2,873,491 
Computer equipment and capitalized software 846,817  815,403 
Furniture and other equipment 1,077,401  952,651 
Construction in progress 844,281  830,878 
Property, plant and equipment, gross 6,156,461  5,472,423 
Less: accumulated depreciation 2,192,468  2,056,652 
Property, plant and equipment, net $ 3,963,993  $ 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 six months ended June 30, 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
 92,410  93,843  74,017  —  —  260,270 
Acquisitions and additions prior year
 205  1,015  (559) —  1,901  2,562 
Dispositions (9,274) —  —  —  —  (9,274)
Foreign exchange 11,837  (513) (1,067) 2,236  110  12,603 
Other (2)
(23,595) (38,638) (8,391) (571) (22,680) (93,875)
Net change 71,583  55,707  64,000  1,665  (20,669) 172,286 
Accumulated amortization:
Amortization
(48,548) (60,883) (16,148) (6,252) (4,861) (136,692)
Dispositions 3,993  —  —  —  —  3,993 
Foreign exchange (3,875) 2,457  617  (1,097) (9) (1,907)
Other (2)
23,538  38,631  8,193  564  18,929  89,855 
Net change (24,892) (19,795) (7,338) (6,785) 14,059  (44,751)
Balance as of June 30, 2026:
Gross carrying amount
 857,785  787,195  306,430  104,954  30,737  2,087,101 
Accumulated amortization
 (360,375) (354,488) (98,810) (59,443) (7,997) (881,113)
Net $ 497,410  $ 432,707  $ 207,620  $ 45,511  $ 22,740  $ 1,205,988 
__________________
(1) Other primarily includes crypto assets.
(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 6
Client/vendor relationships 5
Venue management 30
All categories 12
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 six months ended June 30, 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 146,101  —  44,837  190,938 
Acquisitions—prior year 635  (144) —  491 
Dispositions (16,449) —  —  (16,449)
Foreign exchange (7,333) 4,406  2,495  (432)
Balance as of June 30, 2026:
Goodwill 1,738,142  1,018,842  742,105  3,499,089 
Accumulated impairment losses (435,363) —  —  (435,363)
                 Net $ 1,302,779  $ 1,018,842  $ 742,105  $ 3,063,726 
[1] Other primarily includes crypto assets.
[2] Other primarily includes netdowns of fully amortized or impaired assets as well as mark-to-market adjustments of crypto assets.