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Live Nation Entertainment

Guidance from Live Nation Entertainment’s last 8 earnings releases. Every value links to its sentence in the filing. See something wrong? Tell us.
Current guidance
92 items
Releases tracked
8
Latest release
Jul 30, 2026
Data checked
Jul 30, 2026
On this page:Latest changes·Current guidance·Your sector group·History

What changed in the Jul 30, 2026 release

Each item compared with the same item in the previous release (May 5, 2026). Values in quotation marks are the company’s words.

New — first stated in this releaseRaised / Lowered / Narrowed / Widened — changed from the prior releaseRevised — wording changed, direction not determinableChanged — value changed; the comparison couldn’t be parsed to a directionReiterated — restated unchangedNot restated — stated before, absent nowRaised and lowered describe the number, not whether the change is favorable.
ChangeMetricPeriodPreviousNowSource
NewAdjusted operating income growthfor FY2026—“double-digit”Filing ↗
NewConcerts marginfor FY2026—“continued margin expansion”Filing ↗
NewSponsorship & Advertising marginsfor FY2026—“similar to last year”Filing ↗
NewTicketmaster marginsfor FY2026—“similar to last year”Filing ↗
NewAdjusted operating income growth (compounding)for the long term—“double-digit”Filing ↗
NewIncremental fan capacity from venue pipeline (run rate)for FY2027—“an incremental 15 million fans”Filing ↗
NewLarge venues in pipeline expected to openfor FY2027—“more than 25”Filing ↗
NewVenue pipeline openingsfor FY2027—“more than 25 large (over 3,000 seats) venues”Filing ↗
NewAOI to free cash flow—adjusted conversionfor FY2026—“in line with or higher than 2025”Filing ↗
NewAttendance growth at third-party venuesfor FY2026—“up high single digits”Filing ↗
NewCapital expenditures for venue expansion and enhancement projectsfor FY2026—“$800 million”Filing ↗
NewCash taxes as a percent of income tax expensefor FY2026—“80% of that amount”Filing ↗
NewCorporate / Other and Eliminations expensefor FY2026—“expected to increase in line with AOI growth”Filing ↗
NewFan attendancefor FY2026—“projected to grow 10%”Filing ↗
NewFan attendance growth (Concerts)for FY2026—“10%”Filing ↗
NewFunding by joint-venture partners, sponsorship agreements, and other sources reducing venue cash requirementsfor FY2026—“Approximately $200 million”Filing ↗
NewIncome tax expense as a percent of AOIfor FY2026—“15-20%”Filing ↗
NewNoncontrolling interest expensefor FY2026—“approximately $325 million”Filing ↗
NewPre-opening costs for all venues under developmentfor FY2026—“approximately $50 million”Filing ↗
NewSponsorship commitments bookedfor FY2026—“95%”Filing ↗
NewTicketmaster AOI growthfor FY2026—“mid-single digits”Filing ↗
NewVenue Nation fan hostingfor FY2026—“close to 75 million fans”Filing ↗
NewVenue Nation fans hostedfor FY2026—“close to 75 million fans”Filing ↗
NewIRRs on current venue projectsfor the long term—“20%+”Filing ↗
NewSponsorship AOI growthNo period stated—“double digits”Filing ↗
ReiteratedAOI to free cash flow—adjusted conversionfor FY2026“expected to be in line with or higher than 2025”“in line with or higher than 2025”Filing ↗
ReiteratedDepreciation and amortization growthfor FY2026“12-15%”“12-15%”Filing ↗
ReiteratedNet interest expensefor FY2026“$280 million”“approximately $280 million”Filing ↗
ReiteratedShare countfor FY2026“not expected to change materially from 2025”“not expected to change materially from 2025”Filing ↗
Show 41 items not restated in this release
ChangeMetricPeriodPreviousNowSource
Not restatedVenues opening in 2026 - run-rate annual AOI achievementfor FY2029“by 2029”—Filing ↗
Not restatedVenues opening in 2026 - timing to reach run-rate annual AOI across Concerts and Sponsorshipfor FY2029“by 2029”—Filing ↗
Not restatedAdjusted operating income (AOI) growthfor FY2026“double-digits”—Filing ↗
Not restatedAOI marginfor FY2026“similar to last year”—Filing ↗
Not restatedSponsorship & Advertising full year AOI marginfor FY2026“similar to last year”—Filing ↗
Not restatedCompounded operating income and AOI growthfor the long term“double-digit growth”—Filing ↗
Not restatedOperating income and AOI growth (multi-year)for the long term“compounding at this growth level”—Filing ↗
Not restatedVenues opened in 2025 - run-rate annual AOI achievementfor FY2028“by 2028”—Filing ↗
Not restatedVenues opened in 2025 - timing to reach run-rate annual AOI across Concerts and Sponsorshipfor FY2028“by 2028”—Filing ↗
Not restatedAccretion expensefor FY2026“$160-180 million”—Filing ↗
Not restatedAverage grosses at large venuesfor FY2026“up double-digits”—Filing ↗
Not restatedConcerts AOI growthfor FY2026“double-digit”—Filing ↗
Not restatedConcerts full year fan attendance growthfor FY2026“high-single digits”—Filing ↗
Not restatedConcerts global fan attendance growthfor FY2026“high-single digits”—Filing ↗
Not restatedFan additions from large venues opening in 2026for FY2026“five to seven million fans”—Filing ↗
Not restatedImpact on full-year Ticketmaster AOI from efforts to reduce scalper activityfor FY2026“mid-single digits”—Filing ↗
Not restatedImpact to full-year Ticketmaster AOI from efforts to reduce scalper activityfor FY2026“mid-single digits”—Filing ↗
Not restatedImpact to ticketing AOI from anti-scalping/bot initiativesfor FY2026“mid-single digits”—Filing ↗
Not restatedIncremental fan capacity from venue expansionfor FY2026“approximately seven million incremental fans on a run-rate basis”—Filing ↗
Not restatedLarge venue new fan additions (run-rate basis) from 2026 openings/acquisitionsfor FY2026“five to seven million fans”—Filing ↗
Not restatedLarge venue show pipeline growthfor FY2026“up double-digits”—Filing ↗
Not restatedMajor Venue Nation projectsfor FY2026“two U.S. amphitheaters and one stadium in Guadalajara, Mexico”—Filing ↗
Not restatedNew large venues to open next yearfor FY2026“ten”—Filing ↗
Not restatedPrimary fee-bearing GTV growthfor FY2026“mid to high-single digits”—Filing ↗
Not restatedPrimary fee-bearing ticket volume growthfor FY2026“mid-single digits”—Filing ↗
Not restatedReduction in venue investment cash requirements from JV partners, sponsorship agreements and other sourcesfor FY2026“approximately $250 million”—Filing ↗
Not restatedReduction in venue investment cash requirements from JV/sponsorship/other fundingfor FY2026“approximately $250 million”—Filing ↗
Not restatedRogers Stadium (Toronto) projected full-year show count growthfor FY2026“up 40%”—Filing ↗
Not restatedRun-rate annual AOI achievement for venues opening in 2026for FY2026“by 2029”—Filing ↗
Not restatedShow count committed or with offer submittedfor FY2026“almost three-quarters”—Filing ↗
Not restatedSponsorship & Advertising AOI growthfor FY2026“double-digits”—Filing ↗
Not restatedSponsorship commitments growthfor FY2026“up double-digits”—Filing ↗
Not restatedTicket sales growthfor FY2026“up double-digits overall and for each of stadiums, arenas, and festivals”—Filing ↗
Not restatedTicketmaster primary fee-bearing ticket volume growthfor FY2026“mid-single digits”—Filing ↗
Not restatedVenue Nation fans at owned or operated venues growthfor FY2026“double-digits”—Filing ↗
Not restatedAOI impact from foreign exchangeNo period stated“mid-teens percentage”—Filing ↗
Not restatedImpact from tariffs to supply chain or touring logisticsNo period stated“minimal”—Filing ↗
Not restatedImpact of foreign exchange on 2H financialsNo period stated“not expected to materially impact”—Filing ↗
Not restatedIncremental fan capacity from new venue pipelinefor the long term“six million fans on a run-rate basis”—Filing ↗
Not restatedLong-term growthfor the long term“double-digits”—Filing ↗
Not restatedTicketmaster AOI growthNo period stated“double-digits”—Filing ↗

Current guidance

Guidance for periods that have not yet ended, at its most recent value, grouped by horizon.

Current fiscal year
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Adjusted operating income (AOI) growth“double-digits”for FY2026Company-definedFeb 19, 20262Filing ↗
Adjusted operating income growth“double-digit”for FY2026Company-definedJul 30, 20261Filing ↗
AOI margin“similar to last year”for FY2026Company-definedMay 5, 20261Filing ↗
Concerts margin“continued margin expansion”for FY2026Company-definedJul 30, 20261Filing ↗
Sponsorship & Advertising full year AOI margin“similar to last year”for FY2026Company-definedMay 5, 20261Filing ↗
Sponsorship & Advertising margins“similar to last year”for FY2026Company-definedJul 30, 20261Filing ↗
Ticketmaster margins“similar to last year”for FY2026Company-definedJul 30, 20261Filing ↗
Accretion expense“$160-180 million”for FY2026Company-definedFeb 19, 20262Filing ↗
Amphitheater fan growth occurring in Q3“70%”for Q3 FY2026Company-definedMay 5, 20261Filing ↗
AOI to free cash flow—adjusted conversion“in line with or higher than 2025”for FY2026Company-definedMay 5, 20262Filing ↗
AOI to free cash flow—adjusted conversion“in line with or higher than 2025”for FY2026Company-definedJul 30, 20261Filing ↗
Attendance growth at third-party venues“up high single digits”for FY2026Company-definedJul 30, 20261Filing ↗
Average grosses at large venues“up double-digits”for FY2026Company-definedNov 4, 20251Filing ↗
Average investment returns on venue expansion“20%+”for FY2026Company-definedMay 1, 20251Filing ↗
Capex for venue expansion and enhancement projects“Approximately $800 to $850 million”for FY2026Company-definedMay 5, 20261Filing ↗
Capital expenditures“$1.1 to $1.2 billion”for FY2026Company-definedMay 5, 20261Filing ↗
Capital expenditures“$1.1 to $1.2 billion”for FY2026Company-definedFeb 19, 20261Filing ↗
Capital expenditures for venue expansion and enhancement projects“$800 million”for FY2026Company-definedJul 30, 20261Filing ↗
Cash taxes (% of tax expense)“approximately 80% of that amount”for FY2026Company-definedFeb 19, 20261Filing ↗
Cash taxes as a percent of income tax expense“80% of that amount”for FY2026GAAP-tiedJul 30, 20261Filing ↗
Cash taxes as a percentage of income tax expense“80% of that amount”for FY2026GAAP-tiedMay 5, 20261Filing ↗
Concerts AOI growth“double-digit”for FY2026Company-definedFeb 19, 20262Filing ↗
Concerts full year fan attendance growth“high-single digits”for FY2026Company-definedMay 5, 20261Filing ↗
Concerts global fan attendance growth“high-single digits”for FY2026Company-definedFeb 19, 20261Filing ↗
Corporate / Other and Eliminations expense“expected to increase in line with AOI growth”for FY2026Company-definedJul 30, 20261Filing ↗
Depreciation and amortization expense growth“10%”for FY2026GAAP-tiedFeb 19, 20261Filing ↗
Depreciation and amortization growth“12-15%”for FY2026GAAP-tiedMay 5, 20262Filing ↗
Fan additions from large venues opening in 2026“five to seven million fans”for FY2026Company-definedFeb 19, 20261Filing ↗
Fan attendance“projected to grow 10%”for FY2026Company-definedJul 30, 20261Filing ↗
Fan attendance growth (Concerts)“10%”for FY2026Company-definedJul 30, 20261Filing ↗
Full-year AOI to free cash flow—adjusted conversion“expected to be higher than 2025”for FY2026Company-definedFeb 19, 20261Filing ↗
Funding by joint-venture partners, sponsorship agreements, and other sources reducing venue cash requirements“Approximately $200 million”for FY2026Company-definedJul 30, 20261Filing ↗
Impact on full-year Ticketmaster AOI from efforts to reduce scalper activity“mid-single digits”for FY2026Company-definedMay 5, 20261Filing ↗
Impact to full-year Ticketmaster AOI from efforts to reduce scalper activity“mid-single digits”for FY2026Company-definedMay 5, 20261Filing ↗
Impact to ticketing AOI from anti-scalping/bot initiatives“mid-single digits”for FY2026Company-definedFeb 19, 20261Filing ↗
Income tax expense as a percent of AOI“15-20%”for FY2026GAAP-tiedJul 30, 20261Filing ↗
Income tax expense as a percentage of AOI“15-20%”for FY2026GAAP-tiedMay 5, 20261Filing ↗
Incremental fan capacity from venue expansion“approximately seven million incremental fans on a run-rate basis”for FY2026Company-definedMay 1, 20251Filing ↗
Interest expense, net of interest income“$280 million”for FY2026GAAP-tiedFeb 19, 20261Filing ↗
IRRs for venues opening in 2026“20%+”for FY2026Company-definedFeb 19, 20262Filing ↗
Large venue new fan additions (run-rate basis) from 2026 openings/acquisitions“five to seven million fans”for FY2026Company-definedFeb 19, 20261Filing ↗
Large venue show pipeline growth“up double-digits”for FY2026Company-definedNov 4, 20251Filing ↗
Large venues to open globally“at least 20”for FY2026Company-definedMay 1, 20251Filing ↗
Major Venue Nation projects“two U.S. amphitheaters and one stadium in Guadalajara, Mexico”for FY2026Company-definedMay 5, 20261Filing ↗
Net interest expense“approximately $280 million”for FY2026GAAP-tiedMay 5, 20262Filing ↗
New large venue openings“at least 20 large venues”for FY2026Company-definedMay 1, 20251Filing ↗
New large venues opening next year“ten new large venues to open next year – each with fan capacity of 3,000 and above”for FY2026Company-definedAug 7, 20251Filing ↗
New large venues to open next year“ten”for FY2026Company-definedAug 7, 20251Filing ↗
Noncontrolling interest expense“approximately $325 million”for FY2026GAAP-tiedJul 30, 20261Filing ↗
Pre-opening costs for all venues under development“approximately $50 million”for FY2026Company-definedJul 30, 20261Filing ↗
Preopening costs for all venues under development“approximately $50 million”for FY2026Company-definedMay 5, 20261Filing ↗
Preopening costs for venues under development“approximately $50 million”for FY2026Company-definedFeb 19, 20261Filing ↗
Primary fee-bearing GTV growth“mid to high-single digits”for FY2026Company-definedFeb 19, 20261Filing ↗
Primary fee-bearing ticket volume growth“mid-single digits”for FY2026Company-definedMay 5, 20261Filing ↗
Reduction in venue investment cash requirements from JV partners, sponsorship agreements and other sources“approximately $250 million”for FY2026Company-definedMay 5, 20261Filing ↗
Reduction in venue investment cash requirements from JV/sponsorship/other funding“approximately $250 million”for FY2026Company-definedFeb 19, 20261Filing ↗
Rogers Stadium (Toronto) projected full-year show count growth“up 40%”for FY2026Company-definedMay 5, 20261Filing ↗
Rogers Stadium show count“up 40% compared to its inaugural year in 2025”for FY2026Company-definedMay 5, 20261Filing ↗
Run-rate annual AOI achievement for venues opening in 2026“by 2029”for FY2026Company-definedFeb 19, 20262Filing ↗
Share count“not expected to change materially from 2025”for FY2026Company-definedFeb 19, 20263Filing ↗
Share count change vs. 2025“not expected to change materially from 2025”for FY2026Company-definedMay 5, 20261Filing ↗
Show count committed or with offer submitted“almost three-quarters”for FY2026Company-definedNov 4, 20251Filing ↗
Sponsorship & Advertising AOI growth“double-digits”for FY2026Company-definedMay 5, 20261Filing ↗
Sponsorship commitments booked“95%”for FY2026Company-definedJul 30, 20261Filing ↗
Sponsorship commitments booked“Over 70%”for FY2026Company-definedNov 4, 20252Filing ↗
Sponsorship commitments growth“up double-digits”for FY2026Company-definedNov 4, 20251Filing ↗
Tax expense (% of AOI)“15-20% of AOI”for FY2026Company-definedFeb 19, 20261Filing ↗
TD Coliseum (Hamilton) full-year show count“80 shows”for FY2026Company-definedMay 5, 20261Filing ↗
TD Coliseum shows“80”for FY2026Company-definedMay 5, 20261Filing ↗
Ticket sales growth“up double-digits overall and for each of stadiums, arenas, and festivals”for FY2026Company-definedNov 4, 20251Filing ↗
Ticketmaster AOI growth“mid-single digits”for FY2026Company-definedJul 30, 20261Filing ↗
Ticketmaster primary fee-bearing ticket volume growth“mid-single digits”for FY2026Company-definedMay 5, 20261Filing ↗
Venue Nation fan count“over 70 million fans”for FY2026Company-definedFeb 19, 20261Filing ↗
Venue Nation fan hosting“close to 75 million fans”for FY2026Company-definedJul 30, 20261Filing ↗
Venue Nation fans at owned or operated venues growth“double-digits”for FY2026Company-definedMay 5, 20261Filing ↗
Venue Nation fans hosted“close to 75 million fans”for FY2026Company-definedJul 30, 20261Filing ↗
Next year and medium term
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Venues opening in 2026 - run-rate annual AOI achievement“by 2029”for FY2029Company-definedFeb 19, 20261Filing ↗
Venues opening in 2026 - timing to reach run-rate annual AOI across Concerts and Sponsorship“by 2029”for FY2029Company-definedMay 5, 20261Filing ↗
Venues opened in 2025 - run-rate annual AOI achievement“by 2028”for FY2028Company-definedFeb 19, 20261Filing ↗
Venues opened in 2025 - timing to reach run-rate annual AOI across Concerts and Sponsorship“by 2028”for FY2028Company-definedMay 5, 20261Filing ↗
Incremental fan capacity from venue pipeline (run rate)“an incremental 15 million fans”for FY2027Company-definedJul 30, 20261Filing ↗
Large venues in pipeline expected to open“more than 25”for FY2027Company-definedJul 30, 20261Filing ↗
Venue pipeline openings“more than 25 large (over 3,000 seats) venues”for FY2027Company-definedJul 30, 20261Filing ↗
Long term
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Adjusted operating income growth (compounding)“double-digit”for the long termCompany-definedJul 30, 20261Filing ↗
Compounded operating income and AOI growth“double-digit growth”for the long termGAAP-tiedFeb 19, 20261Filing ↗
Operating income and AOI growth (multi-year)“compounding at this growth level”for the long termGAAP-tiedNov 4, 20251Filing ↗
Incremental fan capacity from new venue pipeline“six million fans on a run-rate basis”for the long termCompany-definedAug 7, 20251Filing ↗
IRRs on current venue projects“20%+”for the long termCompany-definedJul 30, 20261Filing ↗
Long-term growth“double-digits”for the long termCompany-definedMay 1, 20251Filing ↗
Venue capital investment returns“20%+ returns”for the long termCompany-definedAug 7, 20251Filing ↗
Venues opened in 2025 - IRR“20%+ IRRs”for the long termCompany-definedFeb 19, 20262Filing ↗
Venues opening in 2026 - IRR“20%+ IRRs”for the long termCompany-definedFeb 19, 20262Filing ↗

How one item moved

Sponsorship commitments booked, for FY2026 — every statement across the year, each linked to its filing.

Nov 4, 2025
New
“approximately 65%”
Feb 19, 2026
Raised
“Over 70%”

How your Internet, media & interactive sector group guides

11 companies in Internet, media & interactive. What they guide on, and who reported this season.

Most-guided metric families
Revenue
10
Buybacks
6
Adjusted EBITDA
5
GAAP EPS
4
Capex
4
Free cash flow
3
Tax rate
3
Production volumes
2
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Get this for your own peer set — Peer Guidance Briefing, $3,000.

Full history

Every metric, every release, eight quarters — the complete record as one table.

MetricFY2029FY2028FY2027FY2026FY2025FY2024Long-termNo period
Foreign exchange impact on revenue, operating income, and AOI————2 statements———
Sponsorship & Advertising revenue committed————1 statement———
Adjusted operating income (AOI) growth———3 statements1 statement1 statement1 statement—
AOI margin———1 statement1 statement1 statement——
Compounded operating income and AOI growth——————1 statement—
The full record for Live Nation Entertainment and its Internet, media & interactive peers, delivered as a Peer Guidance Briefing — PDF and Excel, every value linked to its filing.

Filings

The 8 earnings releases this page is built from.

FiledFiscal periodAccessionGuidance items
Jul 30, 2026FY2026 Q20001335258-26-00003437Open filing ↗
May 5, 2026FY2026 Q10001335258-26-00001841Open filing ↗
Feb 19, 2026FY2025 Q40001335258-26-00000731Open filing ↗
Nov 4, 2025FY2025 Q30001335258-25-00015043Open filing ↗
Aug 7, 2025FY2025 Q20001335258-25-00012739Open filing ↗
May 1, 2025FY2025 Q10001335258-25-00005331Open filing ↗
Feb 20, 2025FY2024 Q40001335258-25-0000270Open filing ↗
Nov 12, 2024FY2024 Q30001335258-24-00015517Open filing ↗

Not located in filing

13 values were detected in these releases but could not be matched to an exact sentence in the filing body, so they are not shown as guidance. We surface the count rather than drop it silently.

Show the 13 unmatched spans
SpanWhyFiled
Accretion expense = one-third of last year'sspan gate: value not verbatim in filingJul 30, 2026
Accretion expense = one-third of last year'sspan gate: value not verbatim in filingJul 30, 2026
Concerts margins = positioned to build on last year'sspan gate: value not verbatim in filingMay 5, 2026
Concerts AOI margin = positioned to build on last year'sspan gate: value not verbatim in filingMay 5, 2026
Venue Nation fans hosted = over 70 million fans, growing high-single to low-double digitsspan gate: value not verbatim in filingFeb 19, 2026
Fan growth = expected to accelerate in 4Q, tracking to approximately 160 million fansspan gate: value not verbatim in filingNov 4, 2025
AOI for the full year = double-digit increase, with notable strength in Q4span gate: value not verbatim in filingAug 7, 2025
Venue Nation expected fans hosted = approximately 70 million fans, up double-digitsspan gate: value not verbatim in filingAug 7, 2025
Expected 2025 sponsorship committed = 95%, up double-digitsspan gate: value not verbatim in filingAug 7, 2025
Net cash provided by operating activities growth = on track to grow ... by double-digits for the full year relative to last yearspan gate: value not verbatim in filingAug 7, 2025
Free cash flow—adjusted growth = on track to grow ... by double-digits for the full year relative to last yearspan gate: value not verbatim in filingAug 7, 2025
incremental fan capacity from venue expansion = approximately seven million fansspan gate: value not verbatim in filingMay 1, 2025
Venue Nation fans hosted = approximately 60 million fans, up 8% vs 2023span gate: value not verbatim in filingNov 12, 2024
Values in quotation marks are the company’s words; the classification and filing links are HighGravityData’s. HighGravityData does not score or rank companies or give investment advice.
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