Live Nation Entertainment, Inc.

Filing receipts

“Our capital expenditures, including accruals for amounts incurred but not yet paid for, but net of expenditures funded by outside parties such as landlords and noncontrolling interest partners or expenditures funded by insurance proceeds, consisted of the following: Three Months Ended March 31, 2026 2025 (in thousands) Revenue generating $ 219,300 $ 126,000 Maintenance 29,957 14,880 Total capital expenditures $ 249,257 $ 140,880 Revenue generating capital expenditures during the first three months of 2026 increased from the same period of the prior year primarily due to venue expansion and enhancements across the United States, Latin America and Europe.”

“31 Table of Contents Investing Activities Cash used in investing activities increased $200.3 million for the three months ended March 31, 2026 as compared to the same period of the prior year primarily due to higher purchases of property, plant and equipment for revenue generating capital expenditures as well as an increase in acquisitions.”

“26 Table of Contents Ticketing Our Ticketing segment operating results were, and discussions of significant variances are, as follows: Three Months Ended March 31, % Change 2026 2025 (in thousands) Revenue $ 765,016 $ 694,672 10% Direct operating expenses 275,527 234,440 18% Selling, general and administrative expenses 272,931 238,953 14% Depreciation and amortization 28,095 25,437 10% Gain on disposal of operating assets (7) (4) 75% Operating income $ 188,470 $ 195,846 (4)% Operating margin 24.6% 28.2% AOI $ 255,599 $ 253,059 1% AOI margin 33.4% 36.4% Three Months Revenue Ticketing revenue increased $70.3 million during the three months ended March 31, 2026 as compared to the same period o...”