for the first time • Ticketmaster added 26.5 million net new clients, already ahead of full year 2024 net new tickets • Sponsorship on track to deliver double-digit growth, with commitments for the year largely booked LEADING INDICATORS POINT TO CONTINUED GROWTH IN 2026 (through October vs same period last year) • Large venue show pipeline for 2026 up double-digits, with almost three-quarters of expected show count either committed or with an offer submitted • Ticket sales for Live Nation concerts in 2026 have reached 26 million, up double-digits overall and for each of stadiums, arenas, and festivals, reflecting broad-based demand • Average grosses for 2026 shows at large venues are up double-digits as sell-through levels are up for these shows • 2026 sponsorship commitments up double-digits, with approximately 65% booked 1 GLOBAL STADIUM ACTIVITY DRIVES RECORD CONCERTS RESULTS (vs 3Q24) • Revenue of $7.3 billion, up 11% • AOI of $514 million, up 8% • Margin of 7.1%, consistent with last year, with high growth in fans at third-party venues • Hosted over 51 million fans, led by stadiums where fan count was up double-digits in all major markets • Fan growth across our international markets led by Europe and Mexico both up double-digits DELIVERING ANOTHER RECORD YEAR • Fan growth expected to accelerate in 4Q driven by increased arena, theater and club activity, tracking to approximately 160 million fans for the full year • Margins expected to be consistent with last year, with high growth in fans at third-party venues • On track to deliver double-digit AOI growth for the full year VENUE NATION CONTINUES TO ENHANCE HOSPITALITY OFFERINGS (through October vs same period last year) • Continued growth in onsite spending at amphitheaters driven by fan segmentation and product innovation ◦ Fan spending up 8%, with an 8% increase in average order size ◦ Broader ready-to-drink options drove a $2 per fan increase in category spending ◦ Non-alcoholic beverages spending rose by 20% per fan • Fan spending up 6% across our major global festivals, driven by higher spending on concessions and premium experiences VENUE INVESTMENTS CONTINUE TO YIELD 20%+ IRRs (through October vs same period last year) • Refurbished venues delivering strong results compared to pre-renovation levels: ◦ Onsite spend per fan at Jones Beach grew by more than $5, up 35% ◦ Onsite spend per fan at Estadio GNP tripled from higher spending on food, beverage, and premium experiences • Large venues (>3k in capacity and above) opening in 2025 and through the end of 2026 are expected to add approximately five million fans in annual capacity, with over half in international markets ◦ These include recently opened U.S. amphitheaters, Rogers Stadium, and Vive Claro, which are expected to contribute 1.5 million fans this year ◦ Coca-Cola and Allianz amphitheaters are already delivering strong returns with food and beverage per fan spending up double-digits compared to the existing portfolio, and with premium seat inventory sold out under multi-year commitments 2 CONCERTS DEMAND FUELS RECORD 3Q FOR TICKETMASTER (vs 3Q24) • Revenue of $798 million, up 15% • AOI of $286 million, up 21% • Margin of 36% • 89 million fee-bearing tickets, up 4% • Fee-bearing GTV up 12%, driven by continued demand and market pricing for the best seats CONTINUED TAILWINDS FROM INTERNATIONAL MARKETS (through October vs same period last year) • Total fee-bearing GTV up 7%, fueled by international markets up 16% ◦ Primary fee-bearing GTV grew 8%, led by growth at Live Nation concerts where GTV increased 16% ◦ Secondary GTV declined 1%, with lower activity in sports • Enterprise client wins total 26.5 million net new tickets, with 70% coming from international markets • Ticketmaster Deferred Revenue grew 30% to $231 million, with i

later in the release …

the item shown at left

other guidance in this release

Text is the filed exhibit, verbatim.