HighGravityDataLive Nation Entertainment — Aug 7, 2025 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001335258-25-000127
Showing in the filing
Net cash provided by operating activities and free cash flow—adjusted growth
“double-digits”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 39
Operating income and AOI growth for FY2025
“double-digits”
Net cash provided by operating activities an… for FY2025
“double-digits”
Ticketmaster AOI growth
“double-digits”
Venue Nation fans hosted for FY2025
“approximately 70 million”
Double-digit international fan growth (Conce… for FY2025
“Double-digit international fan growth expected in 2H”
Investment in artist events globally for FY2025
“$15 billion”
New large venues opening next year for FY2026
“ten new large venues to open next year – each with fan capacity of 3,000 and above”
New large venues to open next year for FY2026
“ten”
Fan capacity per new venue
“3,000 and above”
Incremental fan capacity from new venue pipe… for the long term
“six million fans on a run-rate basis”
Incremental fan capacity from new venues
“six million fans”
Returns on venue capital investments for new…
“20%+”
Venue capital investment returns for the long term
“20%+ returns”
Tariff impact on venue investment costs, fes… for FY2025
“minimal impact”
Impact of tariffs on venue investment costs,…
“minimal”
Ticketmaster AOI growth for FY2025
“On track to grow AOI double-digits in 2H”
Sponsorship & Advertising full-year AOI margin for FY2025
“Full-year AOI margin expected to be consistent with prior years”
Sponsorship & Advertising revenue committed for FY2025
“95% of revenue committed for 2025, up double-digits”
Sponsorship committed for FY2025
“95%”
Sponsorship & Advertising AOI growth for FY2025
“On track to deliver double-digit increase in AOI for the full year, with notable strength in Q4”
Full year capital expenditures for FY2025
“$900 million to $1 billion”
Capex related to venue expansion and enhance… for FY2025
“$700 to $800 million”
Capex cash outlay reduction from JV partners… for FY2025
“approximately $200 million”
Cash outlay reduction from funding by joint-…
“approximately $200 million”
Maintenance capex spend for FY2025
“remains consistent with historical levels”
Maintenance capex spend
“consistent with historical levels”
Ownership in OCESA following transaction
“75%”
OCESA transaction closing
“expected to close in August”
OCESA total accretion for Q3 FY2025
“$250 million”
Total accretion for Q3 FY2025
“$250 million”
OCESA total accretion for Q4 FY2025
“$35 million”
Total accretion for Q4 FY2025
“$35 million”
Non-controlling interest expense for FY2025
“expected to increase in line with our AOI growth”
Foreign exchange impact on financials for FY2025
“not expected to materially impact 2H financials”
Impact of foreign exchange on 2H financials
“not expected to materially impact”
Depreciation and amortization for FY2025
“expected to increase by approximately $75 million compared to last year”
P&L tax expense for FY2025
“expected to be 15-20% of our AOI”
Global cash tax payments for FY2025
“projected to be 20-25% lower than our P&L expense”
Share count for FY2025
“not expected to change materially from 2024”
Exhibit 99.1 · the passage around this item
… earlier in the release
To meet this momentum, we’re expanding our global venue portfolio and investing in the artists who make it all possible. We’re continuing to deliver record revenue and concert ticket sales, and with investment focused on high-growth markets and fan experiences, we’re positioned to grow operating income and AOI by double-digits this year and for years to come.” –Michael Rapino, President and CEO GLOBAL FAN DEMAND DRIVES RECORD Q2 RESULTS (vs same period last year) • Revenue of $7 billion, up 16% • Operating income of $487 million, up 4% • Adjusted operating income of $798 million, up 11% • Record concerts profitability with adjusted operating income of $359 million, up 33% • Global attendance up 14% to 44 million fans, with stadium attendance tripling • Ticketmaster Gross Transaction Value (GTV) increased 7% to $9 billion • Strong international growth: Concert fans, Ticketmaster GTV, and Sponsorship sales all up double-digits RECORD CONCERT TICKET SALES AND ONSITE SPENDING (through July vs same period last year) • Over 130 million tickets sold for Live Nation concerts, up 6%, led by the strength of our international markets with double-digit attendance increases across stadiums, arenas, and theaters and clubs • Strong ticket sales at every price point from premium to budget-friendly seats: ◦ Over 40% of global stadium shows sold out 95% of tickets in the first week, up double-digits ◦ Over 10% of seats across stadiums, arenas and amphitheaters in the U.S. priced closer to market value ◦ Ticket to Summer
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.