Live Nation Entertainment — Jul 30, 2026 release

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 growth ◦ International markets sold 39 million tickets, up 12% with Gross Transaction Value (GTV) up 20% led by strong growth in South America ◦ North America secondary ticket volume was flat as growth in sports GTV offset a decline in concerts activity; this business now accounts for low double-digit portion of GTV, reflecting ongoing efforts to reduce scalper and bot activity • Reported fee-bearing GTV up 15% to over $10 billion, led by concerts accounting for 90% of the growth • 16 million net new tickets added year-to-date, with 85% from international markets as venues continue to choose Ticketmaster globally • Q2 ended with deferred GTV of $5.2 billion, up 16%, and deferred service fee revenue of $390 million, up 23% • Ticketmaster AOI positioned to grow mid-single digits for the full year, led by strong concert activity and expanding global client base • Margins expe