Live Nation Entertainment — Nov 12, 2024 release

Such forward-looking statements include, but are not limited to statements regarding more growth ahead, with momentum continuing to build; the impact of one-time accruals on operating income in 2024, and the company’s pacing toward double-digit adjusted operating income growth for the year; the company’s concerts pipeline and sponsorship commitments for 2025; anticipated delivery of Concerts 2024 adjusted operating income margin toward pre-pandemic levels; anticipated Venue Nation fans in 2024; the company’s plans to add or refurbish 14 additional venues through 2025 and the expectation that this and 2024 enhancements to the company’s venue portfolio will increase capacity by an incremental 8 million fans; expectations that Ticketmaster’s full-year adjusted operating income margin will be similar to 2023; Ticketmaster’s positioning for continued growth; the company’s expectation that full-year adjusted operating income margin for Sponsorship & Advertising will be similar to 2023, with the business positioned for ongoing growth due to global partnerships; estimated 2024 capital expenditures, driven by Venue Nation, as well as the amount of capital committed by third parties; the company’s expectation that full-year 2024 adjusted operating income to free cash flow—adjusted conversion will be consistent with historical levels; the company’s expectation that the approximately 1% foreign exchange impact to revenue, operating income and adjusted operating income year-to-date will accelerate in the fourth quarter of 2024, notably due to exposure to Latin America currencies, which could impact operating income by over 30% and adjusted operating income by mid-teens percentage for the fourth quarter; and expectations for 2024 share count. Live Nation wishes to caution you that there are some known and unknown factors that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements, including but not limited to operational challenges in achieving strategic objectives and executing on the company's plans, the risk that the company's markets do not evolve as anticipated, the potential impact of any economic slowdown and operational challenges associated with selling tickets and staging events. Live Nation refers you to the documents it files from time to time with the U.S. Securities and Exchange Commission, or SEC, specifically the section titled “Item 1A. Risk Factors” of the company’s most recent Annual Report fil