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Live Nation Entertainment — Jul 30, 2026 release

Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001335258-26-000034
Open on SEC.gov ↗
Showing in the filing
Cash taxes as a percent of income tax expense
“80% of that amount”
Period
FY2026
Measure
GAAP-tied
Source
Prose
All guidance in this release · 37
Adjusted operating income growth for FY2026
“double-digit”
Adjusted operating income growth (compounding) for the long term
“double-digit”
Fan attendance for FY2026
“projected to grow 10%”
Fan attendance growth (Concerts) for FY2026
“10%”
Attendance growth at third-party venues for FY2026
“up high single digits”
Attendance at third-party venues
“up high single digits”
Concerts margin for FY2026
“continued margin expansion”
Venue Nation fan hosting for FY2026
“close to 75 million fans”
Venue Nation fans hosted for FY2026
“close to 75 million fans”
Pre-opening costs for all venues under devel… for FY2026
“approximately $50 million”
IRRs for current projects
“20%+”
IRRs on current venue projects for the long term
“20%+”
Large venues in pipeline expected to open for FY2027
“more than 25”
Venue pipeline openings for FY2027
“more than 25 large (over 3,000 seats) venues”
Incremental fan capacity from venue pipeline… for FY2027
“an incremental 15 million fans”
Incremental fan capacity from pipeline
“15 million fans”
Sponsorship AOI growth
“double digits”
Sponsorship commitments booked for FY2026
“95%”
Sponsorship & Advertising margins for FY2026
“similar to last year”
Ticketmaster margins for FY2026
“similar to last year”
Margins
“similar to last year”
Ticketmaster AOI growth for FY2026
“mid-single digits”
Capital expenditures for venue expansion and… for FY2026
“$800 million”
Total capital expenditures for venue expansi…
“$800 million”
Funding by joint-venture partners, sponsorsh… for FY2026
“Approximately $200 million”
Reduction of venue cash requirements from fu…
“Approximately $200 million”
AOI to free cash flow—adjusted conversion for FY2026
“in line with or higher than 2025”
AOI to free cash flow—adjusted conversion for FY2026
“in line with or higher than 2025”
Depreciation and amortization growth for FY2026
“12-15%”
Net interest expense for FY2026
“approximately $280 million”
Corporate / Other and Eliminations expense for FY2026
“expected to increase in line with AOI growth”
Income tax expense as a percent of AOI for FY2026
“15-20%”
Income tax expense
“15-20% of AOI”
Cash taxes
“projected to be 80% of that amount”
Cash taxes as a percent of income tax expense for FY2026
“80% of that amount”
Noncontrolling interest expense for FY2026
“approximately $325 million”
Share count for FY2026
“not expected to change materially from 2025”
Exhibit 99.1 · the passage around this item
… earlier in the release
2025) • Depreciation and amortization expected to grow 12-15% • Net interest expense is expected to be approximately $280 million • Corporate / Other and Eliminations expense expected to increase in line with AOI growth • Income tax expense is expected to be 15-20% of AOI, with cash taxes projected to be 80% of that amount • Below the line items: ◦ Noncontrolling interest expense is expected to be approximately $325 million for the full year and its growth will follow the timing of AOI growth. This projection may be further impacted by mark-to-market revaluations of investments with no impact to earnings per share, as any impact will be offset in other income and expenses ◦ Accretion expense is projected to be one-third of last year’s, with continued strong performance at OCESA and other acquisitions • 2026 share count not expected to change materially from 2025 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, July 30, 2026, 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
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.