Live Nation Entertainment — Aug 7, 2025 release

priced closer to market value ◦ Ticket to Summer promotion sold 1.5 million $30 lawn seats, consistent with historical levels • Continued growth in onsite spending across all venue types, including concession spending at large amphitheaters up double-digits KEY METRICS POINT TO ANOTHER RECORD YEAR (vs same period last year) • Q2 deferred revenue highlights accelerating momentum ◦ Concerts event-related deferred revenue $5.1 billion, up 25% ◦ All-time high Ticketmaster deferred revenue $317 million, up 22% • Venue Nation expected to host approximately 70 million fans this year, up double-digits • 95% of expected 2025 sponsorship committed, up double-digits 1 CONCERTS DELIVERS Q2 RECORD FINANCIAL RESULTS AND ATTENDANCE (VS 2Q24) • Highest-ever Q2 revenue of $6 billion, up 19% • Record Q2 AOI of $359 million, up 33% ◦ Margin of 6%, up 60 basis points • Global attendance grew 14% to 44 million fans ◦ Global stadiums tripled in fan count from last year ◦ International arena fan count up 20% ◦ Overall fan count at international markets up 30%, driven by strength across Europe, Asia-Pacific and Latin America GLOBAL GROWTH POWERS MOMENTUM THROUGH THE REMAINDER OF THE YEAR • Nearly all large venue shows booked for the rest of 2025 • Double-digit international fan growth expected in 2H • Full-year AOI margins on track to be consistent with last year • Investing $15 billion in artist events globally in 2025, making Live Nation the largest financial supporter of the artist community VENUE NATION HOSTING MORE SHOWS AND FANS GLOBALLY • Further expanded our venue portfolio, opening four amphitheaters across the U.S. and adding one stadium in Canada year-to-date. We expect to bring additional venues online in 2H, with key projects underway in Mexico, Co