• These venues, along with plans to add or refurbish an additional 14 venues through 2025, are expected to increase capacity by an incremental eight million fans • Elevating the fan experience: ◦ At Live Nation amphitheaters, average net per fan spending grew over $3 per fan, up 9%, for the same artists’ shows in 2024 relative to 2022/2023 ◦ Globally, major festivals (over 100k fans) average net per fan spending up double-digits for repeating events • Fans continue to seek premium offerings: ◦ VIP ticket premium revenue at major festivals (over 100k fans) up more than 20% ◦ Revenue for amphitheater VIP clubs increased by 19% 4 RESULTS REFLECT STRONG ONGOING DEMAND AND IMPACT OF VENUE MIX • Revenue of $694 million • AOI of $236 million • Full-year AOI margin expected to be similar to last year BUILDING BASE FOR CONTINUED GROWTH (YTD THROUGH Q3 VS SAME PERIOD LAST YEAR) • October transacted ticket sales up 15% on all ticket volume and up 23% for concert events, including Live Nation shows • 24 million net new enterprise tickets signed, with two-thirds from international markets • 238 million fee-bearing tickets sold, growing at an 8% CAGR since 2019, reflecting Ticketmaster’s global platform and ability to serve high demand onsales and global clients 5 SPONSORSHIP GROWTH DRIVEN BY GLOBAL VENUE PLATFORM (Q3 VS SAME PERIOD LAST YEAR) • Revenue of $390 million, up 6% • AOI of $275 million, up 10% • Full-year AOI margin expected to be similar to last year GLOBAL PARTNERSHIPS POSITION SPONSORSHIP FOR ONGOING GROWTH (YTD THROUGH Q3 VS SAME PERIOD LAST YEAR) • AOI growth largely driven by on-site platforms, international markets, and ticket access deals • Number of strategic partners who generate more than $1 million per year increased by 20% and drove majority of the revenue growth • Expanded beauty and fashion portfolio at more global festivals, including brands such as American Apparel, Wrangler, Ulta Beauty, and American Eagle in Mexico 6 Capital Expenditures to Support Venue Expansion • 2024 capital expenditures estimated to be $700 million, including the recent addition of an amphitheater project ◦ Three-quarters of total capex driven by Venue Nation: five venues account for approximately 45% of total venue spend ◦ Capital committed by third parties, and so reducing required cashflow, is now estimated to be $130 million, e.g., from sponsorship agreements, joint venture partners, and other sources Focused on Maintaining Liquidity and Prudent Balance Sheet Management • Year-to-date net cash provided by operating activities of $680 million and free cash flow—adjusted of $1.3 billion • Full-year AOI to free cash flow—adjusted conversion expected to be consistent with historical levels • Q3 ended with $5.5 billion in cash and cash equivalents, including $1.6 billion in ticketing client cash, $2.6 billion of event-related deferred revenue, and $1.7 billion in free cash • Revolver increased by $400 million to $1.7 billion for global venue development initiatives and general corporate purposes; recently drew on our revolver to repay $575 million of senior notes Additional Financial Information • Year-to-date, foreign exchange impact to revenue, operating income and AOI has been approximately 1%. This is expected to accelerate in Q4, notably due to exposure from Latin America currencies, and could

later in the release …

the item shown at left

other guidance in this release

Text is the filed exhibit, verbatim.