Quarterly report [Sections 13 or 15(d)]

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

v3.25.2
LONG-LIVED ASSETS (Long-Lived Assets) (Tables)
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment
Property, plant and equipment, net consisted of the following:
June 30, 2025 December 31, 2024
(in thousands)
Land, buildings and improvements $ 2,596,876  $ 2,325,929 
Computer equipment and capitalized software 986,083  867,294 
Furniture and other equipment 840,693  757,803 
Construction in progress 634,531  386,880 
Property, plant and equipment, gross 5,058,183  4,337,906 
Less: accumulated depreciation 2,108,890  1,896,034 
Property, plant and equipment, net $ 2,949,293  $ 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 six months ended June 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
 26,123  150,573  7,729  1,677  657  186,759 
Foreign exchange 55,805  19,165  6,287  6,175  669  88,101 
Other (2)
(113,722) (39,152) (12,760) (63,794) 10,729  (218,699)
Net change (31,794) 130,586  1,256  (55,942) 12,055  56,161 
Accumulated amortization:
Amortization
(48,830) (47,094) (15,629) (8,210) (4,913) (124,676)
Foreign exchange (21,983) (8,153) (2,517) (2,396) (261) (35,310)
Other (2)
94,088  38,950  12,822  63,862  (12) 209,710 
Net change 23,275  (16,297) (5,324) 53,256  (5,186) 49,724 
Balance as of June 30, 2025:
Gross carrying amount
 787,800  698,158  232,436  106,546  38,292  1,863,232 
Accumulated amortization
 (316,023) (302,678) (82,269) (51,712) (18,853) (771,535)
Net $ 471,777  $ 395,480  $ 150,167  $ 54,834  $ 19,439  $ 1,091,697 
__________________
(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 6
Client/vendor relationships 7
Trademarks and naming rights 5
Venue management 5
All categories 7
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, 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 107,977  830  —  108,807 
Acquisitions—prior year (274) —  —  (274)
Foreign exchange 32,904  30,870  27,700  91,474 
Balance as of June 30, 2025:
Goodwill 1,602,709  995,921  657,651  3,256,281 
Accumulated impairment losses (435,363) —  —  (435,363)
                 Net $ 1,167,346  $ 995,921  $ 657,651  $ 2,820,918 
[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.