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 international markets accounting for 75% of this growth • Full year margins expected to be similar to last year GLOBAL SCALE DRIVES RECORD SPONSORSHIP RESULTS (vs 3Q24) • Revenue of $443 million, up 13% • AOI of $313 million, up 14% • Margin of 71% CONTINUING TO CONNECT BRANDS WITH OUR GLOBAL FAN BASE (through October vs same period last year) • Number of strategic partners increased 14%, driven by our venue portfolio and ticket access deals • Added several major new agreements including: ◦ Leading consumer brands Hollister, Kraft Heinz, and Patrón ◦ A new multi-year deal with Trip.com across our Asian markets ◦ An expansion of our partnership with Mastercard to additional markets including Hong Kong, Middle East, and South Africa • Venue portfolio continues to drive sponsorship growth, including a multi-year naming rights agreement for our Toronto Amphitheater with RBC, the Royal Bank of Canada • Full year margins expected to be similar to last year • AOI growth expected to accelerate in Q4, delivering another year of double-digit AOI growth 3 DRIVING LONG TERM GROWTH THROUGH VENUE INVESTMENTS • On track to grow operating cash flow and free cash flow-adjusted by double-digits for the full year • Year-to-date capital expenditures totaled approximately $680 million, on track for full year spend of approximately $1 billion ◦ $750 million of total capex is focused on venue expansion and enhancement projects; cash needs for this capex expected to be reduced by approximately $200 million from funding by joint-venture partners, sponsorship agreements and other sources ◦ Maintenance capex spend remains consistent with historical levels RECENT REFINANCING ACTIVITY STRENGTHENS BALANCE SHEET • Refinanced $1.9 billion of debt and increased liquidity by $1.5 billion, providing financial flexibility to pursue venue expansion efforts • Annual interest expense is expected to be approximately $350 million per annum with a weighted average cost of debt of 4.2%, down 30 basis points due to our refinancing • Pro-forma total leverage remains 3.5x, in line with historical levels, with free cash of approximately $2.3 billion SUPPLEMENTAL FINANCIAL DETAILS • Accretion expense, primarily related to OCESA, is expected to be approximately $40 million in Q4 • Additional full year information: ◦ Non-controlling interest expense as a percentage of AOI is expected to be in line with last year ◦ Tax expense expected to be 15-20% of AOI, with cash taxes estimated at approximately 80% of tax expense due to historical net operating losses and initial impacts from the One Big Beautiful Bill ◦ Depreciation and amortization expected to increase by approximately $100 million compared to last year ◦ 2025 share count not expected to change materially from 2024 4 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, November 4, 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 3Q25 Trended Results Grid is provided above for convenience and such grid is not

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Text is the filed exhibit, verbatim.