Earnings Releases·Nov 5, 2026, 4:17 PM ET

Live Nation Entertainment — Third Quarter 2026 Earnings Summary

Consolidated revenue rose 19% year-over-year to $10.1 billion, while Adjusted Operating Income (AOI) increased 14% to $1.18 billion; global fan attendance grew 19% to 61 million and fee-bearing GTV rose 13% to $11.2 billion.
Full-year 2026 fan attendance is projected to approach 180 million with double-digit AOI growth expected across Concerts, Sponsorship, and Ticketing segments, driven by international markets which now account for 60% of fan growth.
Strategic capital allocation includes $800 million in venue expansion and improvements year-to-date, with 10 large venues expected to open or be acquired by year-end, alongside a debt refinancing extending maturities to 2031.
Operating cash flow conversion improved to 69% (up from 60% prior year), supported by $2.1 billion in year-to-date operating cash flow and $8.26 billion in cash equivalents as of September 30, 2026.