Quarterly report pursuant to Section 13 or 15(d)

SEGMENTS AND REVENUE RECOGNITION Segment Results of Operations (Details)

v3.24.3
SEGMENTS AND REVENUE RECOGNITION Segment Results of Operations (Details) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Segment Reporting Information [Line Items]        
Revenue $ 7,651,087,000 $ 8,154,563,000 [1] $ 17,474,032,000 $ 16,907,636,000 [1]
AOI 909,831,000 871,189,000 [2] 1,988,569,000 1,764,200,000 [2]
Revision of Prior Period, Error Correction, Adjustment        
Segment Reporting Information [Line Items]        
Revenue   2,544,000   (2,496,000)
Concerts [Member] | Revision of Prior Period, Error Correction, Adjustment        
Segment Reporting Information [Line Items]        
Change in Revenue Due to Revision of Prior Period Error Corrections   2,500,000   2,500,000
Change in AOI Due to Revision of Prior Period Error Corrections       5,100,000
Ticketing [Member] | Revision of Prior Period, Error Correction, Adjustment        
Segment Reporting Information [Line Items]        
Change in Revenue Due to Revision of Prior Period Error Corrections   5,000,000    
Change in AOI Due to Revision of Prior Period Error Corrections   35,100,000   23,800,000
Operating Segments [Member] | Concerts [Member]        
Segment Reporting Information [Line Items]        
Revenue $ 6,580,595,000 $ 6,971,830,000 [1] $ 14,447,009,000 $ 13,886,333,000 [1]
Percentage of Concert revenue to consolidated revenue 86.00% 85.50% 82.70% 82.10%
AOI $ 474,053,000 $ 340,904,000 $ 742,936,000 $ 504,694,000 [1]
Operating Segments [Member] | Ticketing [Member]        
Segment Reporting Information [Line Items]        
Revenue $ 693,704,000 $ 837,624,000 [1] $ 2,147,559,000 $ 2,219,667,000
Percentage of Ticketing revenue to consolidated revenue 9.10% 10.30% 12.30% 13.10%
AOI $ 235,704,000 $ 351,574,000 [1] $ 812,352,000 $ 904,014,000 [1]
Operating Segments [Member] | Sponsorship and Advertising [Member]        
Segment Reporting Information [Line Items]        
Revenue $ 390,345,000 $ 366,822,000 $ 913,856,000 $ 839,799,000
Percentage of Sponsorship & Advertising revenue to consolidated revenue 5.10% 4.50% 5.20% 5.00%
AOI $ 275,329,000 $ 250,265,000 $ 627,926,000 $ 548,935,000
Operating Segments [Member] | Corporate Segment        
Segment Reporting Information [Line Items]        
Revenue 0 0 0 0
AOI (68,182,000) (64,736,000) (172,192,000) (160,544,000)
Intersegment Eliminations [Member]        
Segment Reporting Information [Line Items]        
Revenue (13,557,000) (15,199,000) (34,392,000) (22,577,000)
Intersegment Eliminations [Member] | Concerts [Member]        
Segment Reporting Information [Line Items]        
Revenue 7,268,000 5,698,000 19,671,000 9,896,000
Intersegment Eliminations [Member] | Ticketing [Member]        
Segment Reporting Information [Line Items]        
Revenue 6,289,000 9,501,000 14,546,000 12,681,000
Intersegment Eliminations [Member] | Sponsorship and Advertising [Member]        
Segment Reporting Information [Line Items]        
Revenue 0 0 175,000 0
Intersegment Eliminations [Member] | Other and Eliminations [Member]        
Segment Reporting Information [Line Items]        
Revenue $ (13,557,000) $ (21,713,000) $ (34,392,000) $ (38,163,000)
Percentage of Other and Eliminations to Total Revenue (0.2) (0.3) (0.2) (0.2)
AOI $ (7,073,000) $ (6,818,000) $ (22,453,000) $ (32,899,000)
Intersegment Eliminations [Member] | Corporate Segment        
Segment Reporting Information [Line Items]        
Revenue $ 0 $ 0 $ 0 $ 0
[1] Prior period revenue was restated as further discussed in Note 9 – Correction of Errors in Previously Reported Consolidated Financial Statements. For the three and nine months ended September 30, 2023, the restatement decreased our Concerts segment revenue by $2.5 million and $2.5 million, respectively. For the three months ended September 30, 2023, the restatement increased our Ticketing segment revenue by $5.0 million.
[2] For the three and nine months ended September 30, 2023, the restatement increased our AOI and operating income by $35.1 million and $18.7 million, respectively. See further discussion in Note 9 – Correction of Errors in Previously Reported Consolidated Financial Statements