Live Nation Entertainment — Jul 30, 2026 release

amphitheaters and across European arenas and theaters • Investments in premium experiences are driving strong returns: at newly opened amphitheaters, Morton and Mystic Lake, enhanced offerings are driving premium revenue nearly 75% higher than comparable amphitheaters • Venue Nation on track to host close to 75 million fans in 2026, up double digits year-over-year, driven by an increase in show count from higher utilization of our existing venues and adding new venues • 2026 pre-opening costs for all venues under development expected to be approximately $50 million, with current projects on track to achieve 20%+ IRRs • Current pipeline of more than 25 large (over 3,000 seats) venues expected to open through the end of 2027, adding capacity for an incremental 15 million fans on a run rate basis 2 LIVE EVENTS CONTINUE TO ATTRACT GROWING BRAND INVESTMENTS (2Q26 vs. 2Q25 unless otherwise noted) • Revenue of $383 million, up 12%, led by the strength of our international markets, up 17% • AOI of $257 million, up 13% • Brand demand remains broad-based, driven by our expanding venue portfolio and global festivals, which contributed 70% of the growth ◦ Number of strategic partners (over $1 million in revenue per year) increased over 20%, with associated revenue up double digits ◦ New ticket access partnership with Spotify’s Reserved leverages Ticketmaster’s platform to help more fans access tickets • Sponsorship AOI expected to grow double digits for the year, with 95% of sponsorship commitments booked for 2026 • Margins expected to be similar to last year DEMAND FOR CONCERTS FUELS HIGHEST 2Q FOR TICKETMASTER (2Q26 vs. 2Q25 unless otherwise noted) • Revenue of $852 million, up 15% • AOI of $331 million, up 14% • 90 million fee-bearing tickets sold, up 8% ◦ Concerts remained the primary growth driver with tickets sold up 11%, accounting for 90% of the ticket volume gro