HighGravityDataLive Nation Entertainment — May 1, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001335258-25-000053
Showing in the filing
Share count
“not expected to change materially from 2024”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 31
Adjusted operating income (AOI) growth for FY2025
“double-digit growth”
Concerts segment full-year AOI margin for FY2025
“consistent with last year”
Tariff impact on supply chain and touring lo… for FY2025
“minimal impact”
Impact from tariffs to supply chain or touri…
“minimal”
Fans attending shows in operated venues for FY2025
“up double-digits”
Fans attending shows in our operated venues for FY2025
“up double-digits”
Large venues to open globally for FY2026
“at least 20”
New large venue openings for FY2026
“at least 20 large venues”
Incremental fan capacity from venue expansion for FY2026
“approximately seven million incremental fans on a run-rate basis”
Average investment returns on venue expansion for FY2026
“20%+”
Ticketing segment AOI growth for FY2025
“AOI growth accelerating into 2H”
AOI margin for FY2025
“in the high 30s, consistent with prior years”
Capital expenditures for FY2025
“$900 million to $1 billion”
Venue expansion and enhancement capital expe… for FY2025
“$700 to $800 million”
IRRs on venue expansion and enhancement plans
“averaging 20%+”
IRRs on venue expansion and enhancement plans for FY2025
“20%+”
Funding from joint-venture partners, sponsor… for FY2025
“Approximately $200 to $250 million”
Maintenance capex spend for FY2025
“remains consistent with historical levels”
Maintenance capex spend
“consistent with historical levels”
Foreign exchange impact on revenue, operatin… for Q2 FY2025
“low-single digits”
Impact of foreign exchange to revenue, opera… for Q2 FY2025
“low-single digits”
Depreciation and amortization for FY2025
“increase by approximately $75 million compared to last year”
Depreciation and amortization increase for FY2025
“approximately $75 million”
Accretion for FY2025
“$125 million higher than last year”
Accretion increase for FY2025
“$125 million higher than last year”
Non-controlling interest and taxes for FY2025
“expected to increase in line with our AOI growth”
Share count for FY2025
“not expected to change materially from 2024”
Long-term growth for the long term
“double-digits”
Ticketing segment full-year AOI margin for FY2025
“in the high 30s, consistent with prior years”
Sponsorship & Advertising segment full-year … for FY2025
“in the low 60s, consistent with prior years”
AOI to free cash flow—adjusted conversion rate for FY2025
“consistent with historical levels”
Exhibit 99.1 · the passage around this item
… earlier in the release
Based on current projected rates, the impact of foreign exchange is expected to be low-single digits to revenue, operating income, and AOI for Q2 • Full year depreciation and amortization expected to increase by approximately $75 million compared to last year • Full year accretion is expected to be $125 million higher than last year, largely driven by continued growth of OCESA profitability • Non-controlling interest and taxes are expected to increase in line with our AOI growth • 2025 share count not expected to change materially from 2024 Compare Our Operating Results To Past Quarters In The Trended Results Grid: https://investors.livenationentertainment.com/financial-information/financial-results The company will webcast a teleconference today, May 1, 2025, at 2:00 p.m. Pacific Time to discuss its financial performance, operational matters and potentially other material developments. Interested parties should visit the “News / Events” section of the company’s website at investors.livenationentertainment.com to listen to the webcast. Supplemental statistical and financial information to be provided on the call, if any, will be posted to the “Financial Info” section of the website. A replay of the webcast will also be available on the Live Nation website. The link to the 1Q25 Trended Results Grid is provided above for convenience and such grid is not a part of, or incorporated into, this press release or any SEC filings that include this press release. Notice Regarding Financial Statements The company has provided certain financial statements at the end of this press release for reference. These financial statements should be read in conjunction with the full financial statements, and the notes thereto, set forth in
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.