Annual report [Section 13 and 15(d), not S-K Item 405]

SEGMENTS AND REVENUE RECOGNITION Reconciliation of AOI (Details)

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SEGMENTS AND REVENUE RECOGNITION Reconciliation of AOI (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Reconciliation of AOI [Line Items]      
AOI $ 2,366,400 $ 2,145,898 $ 1,881,119
Acquisition expenses 259,586 128,513 93,664
Amortization of non-recoupable ticketing contract advances 88,386 88,717 83,693
Depreciation and amortization 638,872 549,923 516,797
Gain on sale of operating assets (18,528) (11,015) (13,927)
Astroworld loss contingencies (8,352) 454,902 0
Stock-based compensation expense 155,219 110,348 115,959
Operating income (loss) $ 1,251,217 $ 824,510 $ 1,084,933