{"id":1948237,"date":"2025-08-08T02:17:00","date_gmt":"2025-08-08T02:17:00","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=1948237"},"modified":"2025-08-08T02:17:00","modified_gmt":"2025-08-08T02:17:00","slug":"live-nation-entertainment-reports-second-quarter-2025-results","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/live-nation-entertainment-reports-second-quarter-2025-results\/","title":{"rendered":"LIVE NATION ENTERTAINMENT REPORTS SECOND QUARTER 2025 RESULTS"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">LOS ANGELES<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Aug. 7, 2025<\/span><\/span> \/PRNewswire\/ &#8212;<\/p>\n<p><i>&#8220;Global expansion continues to drive touring growth, with fan attendance hitting new highs and ticket buying strong at every price point from VIP to the back row. To meet this momentum, we&#8217;re expanding our global venue portfolio and investing in the artists who make it all possible. We&#8217;re continuing to deliver record revenue and concert ticket sales, and with investments focused on high\u2011growth markets and fan experiences, we&#8217;re positioned <\/i><i>to\u00a0grow operating income and adjusted operating income by double-digits this year\u00a0and for years to come<\/i><i>.&#8221; <b>\u2013 <span class=\"xn-person\">Michael Rapino<\/span>, President and CEO<\/b><\/i><\/p>\n<p><b>GLOBAL FAN DEMAND DRIVES RECORD Q2 RESULTS <\/b><b>(vs same period last year)<\/b><\/p>\n<ul type=\"disc\">\n<li>Revenue of <span class=\"xn-money\">$7 billion<\/span>, up 16%<\/li>\n<li>Operating income of <span class=\"xn-money\">$487 million<\/span>, up 4%<\/li>\n<li>Adjusted operating income (AOI) of <span class=\"xn-money\">$798 million<\/span>, up 11%<\/li>\n<li>Record concerts profitability with AOI of <span class=\"xn-money\">$359 million<\/span>, up 33%<\/li>\n<li>Global attendance up 14% to 44 million fans, with stadium attendance tripling<\/li>\n<li>Ticketmaster Gross Transaction Value (GTV) increased 7% to <span class=\"xn-money\">$9 billion<\/span><\/li>\n<li>Strong international growth: Concert fans, Ticketmaster GTV, and Sponsorship sales all up double-digits<\/li>\n<\/ul>\n<p><b>RECORD CONCERT TICKET SALES AND ONSITE SPENDING <\/b><b>(through July vs same period last year)<\/b><\/p>\n<ul type=\"disc\">\n<li>Over 130 million tickets sold for Live Nation concerts, up 6%, led by the strength of our international markets with double-digit attendance increases across stadiums, arenas, and theaters and clubs<\/li>\n<li>Strong ticket sales at every price point from premium to budget-friendly seats:\n<ul type=\"disc\">\n<li>Over 40% of global stadium shows sold out 95% of tickets in the first week, up double-digits<\/li>\n<li>Over 10% of seats across stadiums, arenas, and amphitheaters in the U.S. priced closer to market value<\/li>\n<li>Ticket to Summer promotion sold 1.5 million <span class=\"xn-money\">$30<\/span> lawn seats, consistent with historical levels<\/li>\n<\/ul>\n<\/li>\n<li>Continued growth in onsite spending across all venue types, including concession spending at large amphitheaters up double-digits<\/li>\n<\/ul>\n<p><b>KEY METRICS POINT TO ANOTHER RECORD YEAR<\/b><b>\u00a0(vs same period last year)<\/b><\/p>\n<ul type=\"disc\">\n<li>Q2 deferred revenue highlights accelerating momentum\n<ul type=\"disc\">\n<li>Concerts event-related deferred revenue <span class=\"xn-money\">$5.1 billion<\/span>, up 25%<\/li>\n<li>All-time high\u00a0Ticketmaster deferred revenue <span class=\"xn-money\">$317 million<\/span>, up 22%<\/li>\n<\/ul>\n<\/li>\n<li>Venue Nation expected to host approximately 70 million fans this year, up double-digits<\/li>\n<li>95% of expected 2025 sponsorship committed, up double-digits<\/li>\n<\/ul>\n<p><b>CONCERTS DELIVERS Q2 RECORD FINANCIAL RESULTS AND ATTENDANCE (vs 2Q24)<\/b><\/p>\n<ul type=\"disc\">\n<li>Highest-ever Q2 revenue of <span class=\"xn-money\">$6 billion<\/span>, up 19%<\/li>\n<li>Record Q2 AOI of <span class=\"xn-money\">$359 million<\/span>, up 33%\n<ul type=\"disc\">\n<li>Margin of 6%, up 60 basis points<\/li>\n<\/ul>\n<\/li>\n<li>Global attendance grew 14% to 44 million fans\n<ul type=\"disc\">\n<li>Global stadiums tripled in fan count from last year<\/li>\n<li>International arena fan count up 20%<\/li>\n<li>Overall fan count at international markets up over 30%, driven by strength across <span class=\"xn-location\">Europe<\/span>, <span class=\"xn-location\">Asia-Pacific<\/span> and <span class=\"xn-location\">Latin America<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><b>GLOBAL GROWTH POWERS MOMENTUM<\/b>\u00a0<b>THROUGH THE REMAINDER OF THE YEAR<\/b>\u00a0<\/p>\n<ul type=\"disc\">\n<li>Nearly all large venue shows booked for the rest of 2025<\/li>\n<li>Double-digit international fan growth expected in 2H<\/li>\n<li>Full-year AOI margins on track to be consistent with last year<\/li>\n<li>Investing <span class=\"xn-money\">$15 billion<\/span> in artist events globally in 2025, making Live Nation the largest financial supporter of the artist community<\/li>\n<\/ul>\n<p><b>VENUE NATION HOSTING MORE SHOWS AND FANS GLOBALLY <\/b><\/p>\n<ul type=\"disc\">\n<li>Further expanded our venue portfolio, opening four amphitheaters across the U.S. and adding one stadium in <span class=\"xn-location\">Canada<\/span> year-to-date. We expect to bring additional venues online in 2H, with key projects underway in <span class=\"xn-location\">Mexico<\/span>, <span class=\"xn-location\">Colombia<\/span>, and <span class=\"xn-location\">Canada<\/span><\/li>\n<li>Our venue development pipeline continues to grow, expecting ten new large venues to open next year \u2013 each with fan capacity of 3,000 and above \u2013 across the U.S. and international markets<\/li>\n<li>Collectively, these venues create incremental capacity for six million fans on a run-rate basis<\/li>\n<li>Venue capital investments for new builds and refurbishments continue to deliver 20%+ returns\n<ul type=\"disc\">\n<li>New amphitheaters are delivering strong results, with food and beverage sales tracking double-digits higher compared to our historical portfolio, while also selling out premium seating<\/li>\n<li>Based on our current assessment, tariffs are expected to have minimal impact on venue investment costs, festival supply chain, and other costs<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><b>CONCERTS AND INTERNATIONAL ACTIVITY DRIVES TICKETMASTER RESULTS (vs 2Q24)<\/b><\/p>\n<ul type=\"disc\">\n<li>Revenue of <span class=\"xn-money\">$743 million<\/span>, up 2%<\/li>\n<li>AOI of <span class=\"xn-money\">$290 million<\/span>, consistent with last year<\/li>\n<li>Record Q2 total reported GTV of <span class=\"xn-money\">$9 billion<\/span>, up 7%<\/li>\n<li>Secondary GTV down mid-single digits due to increased market-based pricing in concerts and sports along with several lower-performing sporting events<\/li>\n<li>Over 83 million fee-bearing tickets sold, up 4%\n<ul type=\"disc\">\n<li>International ticket volume up double-digits<\/li>\n<li>Concerts ticket volume up high-single digits while sports and other content continued to trail 2024 levels<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><b>TICKETMASTER POSITIONED FOR GROWTH IN SECOND HALF OF 2025<\/b>\u00a0<b>(through July vs same period last year)<\/b><\/p>\n<ul type=\"disc\">\n<li>Q2 record deferred revenue of <span class=\"xn-money\">$317 million<\/span>, up 22%, driven by Live Nation concerts activity<\/li>\n<li>17 million net new enterprise tickets signed, up 10%, with approximately 70% of the growth from international markets<\/li>\n<li>On track to grow AOI double-digits in 2H<\/li>\n<li>Full-year AOI margin expected to be consistent with prior years<\/li>\n<\/ul>\n<p><b>GLOBAL REACH AND SCALE CONTINUES TO ATTRACT BRAND PARTNERS<\/b><\/p>\n<ul type=\"disc\">\n<li>Revenue of <span class=\"xn-money\">$341 million<\/span>, up 9%<\/li>\n<li>AOI of <span class=\"xn-money\">$228 million<\/span>, up 2%<\/li>\n<li>Expanding our portfolio of brand partners through new agreements with major consumer brands including Kraft Heinz, Airbnb, and Samsung; as well as a ticket access agreement with United Airlines<\/li>\n<li>Global venue portfolio expanding its name-in-title sponsorships, including TD Coliseum at Hamilton and\u00a0Veikkaus Arena at <span class=\"xn-location\">Helsinki<\/span><\/li>\n<\/ul>\n<p><b>BRANDS CONTINUE TO SEE STRATEGIC VALUE FROM ENGAGING WITH CONCERT FANS<\/b>\u00a0<b>(through July vs same period last year)<\/b><\/p>\n<ul type=\"disc\">\n<li>95% of revenue committed for 2025, up double-digits<\/li>\n<li>On track to deliver double-digit increase in AOI for the full year, with notable strength in Q4<\/li>\n<li>Full-year AOI margin expected to be consistent with prior years<\/li>\n<\/ul>\n<p><b>STRONG BALANCE SHEET TO SUPPORT STRATEGIC VENUE EXPANSION<\/b><\/p>\n<ul type=\"disc\">\n<li>Year-to-date net cash provided by operating activities of <span class=\"xn-money\">$1.5 billion<\/span> and free cash flow\u2014adjusted of <span class=\"xn-money\">$654 million<\/span>, up 5%, and on track to grow both of these metrics by double-digits for the full year relative to last year<\/li>\n<li>Year-to-date capital expenditures of <span class=\"xn-money\">$420 million<\/span>; 2025 full year capital expenditures estimated to be <span class=\"xn-money\">$900 million<\/span> to <span class=\"xn-money\">$1 billion<\/span>\n<ul type=\"disc\">\n<li><span class=\"xn-money\">$700<\/span> to <span class=\"xn-money\">$800 million<\/span> of total\u00a0capex is related to venue expansion and enhancement plans, for which the cash outlay will be reduced by approximately <span class=\"xn-money\">$200 million<\/span> from funding by joint-venture partners, sponsorship agreements, and other sources<\/li>\n<li>Maintenance\u00a0capex spend remains consistent with historical levels<\/li>\n<\/ul>\n<\/li>\n<li>Over 90% of our debt is at fixed rates with a weighted average cost of debt of approximately 4.4%, with no remaining debt maturities this year<\/li>\n<\/ul>\n<p><b>FINANCIAL DETAILS FROM THE ADDITIONAL 24% PURCHASE OF OCESA<\/b><\/p>\n<ul type=\"disc\">\n<li>The transaction will increase our ownership to 75% and is expected to close in August<\/li>\n<li>Largely as a result of OCESA&#8217;s continued growth and the amended purchase agreement, total accretion for Q3 is expected to be <span class=\"xn-money\">$250 million<\/span> and then fall to <span class=\"xn-money\">$35 million<\/span> in Q4<\/li>\n<li>Full-year non-controlling interest expense is expected to increase in line with our AOI growth<\/li>\n<li>These estimates are based on current projections for OCESA performance, current FX rates, and assume all other joint-ventures performance in line with current forecasts<\/li>\n<\/ul>\n<p><b>OTHER FINANCIAL INFORMATION<\/b><\/p>\n<ul type=\"disc\">\n<li>The cumulative effect on Q2 net income of accretion, higher taxes, and foreign exchange was <span class=\"xn-money\">$185 million<\/span> higher cost compared to last year, impacting EPS<\/li>\n<li>Based on current projected rates, foreign exchange is not expected to materially impact 2H financials<\/li>\n<li>Full year depreciation and amortization expected to increase by approximately <span class=\"xn-money\">$75 million<\/span> compared to last year<\/li>\n<li>Our full-year P&amp;L tax expense is expected to be 15-20% of our AOI. Carryforward operating losses will continue to reduce our U.S. cash taxes, resulting in global cash tax payments that are projected to be 20-25% lower than our P&amp;L expense<\/li>\n<li>2025 share count not expected to change materially from 2024<\/li>\n<\/ul>\n<p><b>Compare Our Operating Results To Past Quarters In The Trended Results Grid: <br class=\"dnr\"\/><\/b><u><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4483629-1&amp;h=1319355707&amp;u=https%3A%2F%2Finvestors.livenationentertainment.com%2Ffinancial-information%2Ffinancial-results&amp;a=https%3A%2F%2Finvestors.livenationentertainment.com%2Ffinancial-information%2Ffinancial-results\" target=\"_blank\" rel=\"nofollow\">https:\/\/investors.livenationentertainment.com\/financial-information\/financial-results<\/a><\/u><\/p>\n<p>The company will webcast a teleconference today, <span class=\"xn-chron\">August 7, 2025<\/span>, at <span class=\"xn-chron\">2:00 p.m. Pacific Time<\/span> to discuss its financial performance, operational matters and potentially other material developments. Interested parties should visit the &#8220;News \/ Events&#8221; section of the company&#8217;s website at <u><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4483629-1&amp;h=1722663343&amp;u=https%3A%2F%2Finvestors.livenationentertainment.com%2F&amp;a=investors.livenationentertainment.com\" target=\"_blank\" rel=\"nofollow\">investors.livenationentertainment.com<\/a><\/u>\u00a0to listen to the webcast. Supplemental statistical and financial information to be provided on the call, if any, will be posted to the &#8220;Financial Info&#8221; section of the website. A replay of the webcast will also be available on the Live Nation website. The link to the 2Q25 Trended Results Grid is provided above for convenience and such grid is not a part of, or incorporated into, this press release or any SEC filings that include this press release.<\/p>\n<p><b>Notice Regarding Financial Statements <br class=\"dnr\"\/><\/b>The company has provided certain financial statements at the end of this press release for reference. These financial statements should be read in conjunction with the full financial statements, and the notes thereto, set forth in the company&#8217;s Quarterly Report on Form 10-Q for the quarter ended <span class=\"xn-chron\">June 30, 2025<\/span> to be filed with the Securities and Exchange Commission today and available on the SEC&#8217;s website at <u>sec.gov<\/u>.<\/p>\n<p><b>About Live Nation Entertainment:<\/b> <br class=\"dnr\"\/>Live Nation Entertainment, Inc. (NYSE: <a rel=\"nofollow\" target=\"_blank\" class=\"ticket-symbol\" data-toggle=\"modal\" href=\"#financial-modal\">LYV<\/a>) is the world&#8217;s leading live entertainment company comprised of global market leaders: Ticketmaster, Live Nation Concerts, and Live Nation Media &amp; Sponsorship. For additional information, visit <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4483629-1&amp;h=1722663343&amp;u=https%3A%2F%2Finvestors.livenationentertainment.com%2F&amp;a=investors.livenationentertainment.com\" target=\"_blank\" rel=\"nofollow\"><u>investors.livenationentertainment.com<\/u><\/a>.\u00a0<\/p>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\" width=\"\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"12\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>FINANCIAL HIGHLIGHTS \u2013 SECOND QUARTER<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"12\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><i>(unaudited; $ in millions)<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"12\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Q2 2025 <br class=\"dnr\"\/>Reported<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Q2 2024<\/b><\/span><\/p>\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Reported<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Change<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Q2 2025 <br class=\"dnr\"\/>Currency <br class=\"dnr\"\/>Impacts<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Q2 2025 at <br class=\"dnr\"\/>Constant <br class=\"dnr\"\/>Currency<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Change at <br class=\"dnr\"\/>Constant <br class=\"dnr\"\/>Currency<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Revenue<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Concerts<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,946.4<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,987.0<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">19\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0 (67.3)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,879.1<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">18\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Ticketing<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">742.7<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">730.7<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">2\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">3.0<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">745.7<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">2\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Sponsorship &amp; Advertising<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">340.6<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">312.2<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">9\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">5.5<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">346.1<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">11\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Other and Eliminations<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(23.1)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(6.5)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">*<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">0.2<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(22.9)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">*<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,006.6<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6,023.4<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">16\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0 (58.6)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6,948.0<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">15\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Consolidated Operating <\/b><\/span><\/p>\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Income<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 486.7<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 465.8<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">4\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (4.3)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 482.4<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">4\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Adjusted Operating Income (Loss)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Concerts<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 358.7<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 270.7<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">33\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (9.1)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 349.6<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">29\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Ticketing<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">290.1<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">292.5<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(1)\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">3.6<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">293.7<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">*<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Sponsorship &amp; Advertising<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">227.6<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">222.6<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">2\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1.7<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">229.3<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">3\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Other and Eliminations<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(6.8)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(8.2)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">*<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">0.0<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(6.8)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">*<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Corporate<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(71.2)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(61.4)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(16)\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">0.1<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(71.1)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(16)\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 798.4<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 716.2<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">11\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3.7)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 794.7<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">11\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div><\/div>\n<\/div>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\" width=\"\">\n<tbody>\n<tr>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><i>* Percentages are not meaningful<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div><\/div>\n<\/div>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\" width=\"\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"12\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>FINANCIAL HIGHLIGHTS \u2013 SIX MONTHS<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"12\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><i>(unaudited; $ in millions)<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"12\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>6 Months <br class=\"dnr\"\/>2025 <br class=\"dnr\"\/>Reported<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>6 Months <br class=\"dnr\"\/>2024 <\/b><\/span><\/p>\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Reported<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Change<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>6 Months <br class=\"dnr\"\/>2025<\/b><\/span><\/p>\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Currency <br class=\"dnr\"\/>Impacts<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>6 Months <br class=\"dnr\"\/>2025 <br class=\"dnr\"\/>Constant <br class=\"dnr\"\/>Currency<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Change at <br class=\"dnr\"\/>Constant <br class=\"dnr\"\/>Currency<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Revenue<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Concerts<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8,430.5<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,866.4<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">7\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 17.7<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8,448.2<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">7\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Ticketing<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,437.4<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,453.9<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(1)\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">22.6<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,460.0<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">*<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Sponsorship &amp; Advertising<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">556.6<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">523.5<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">6\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">18.8<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">575.4<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">10\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Other and Eliminations<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(35.7)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(20.9)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">*<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">0.0<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(35.7)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">*<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0 10,388.8<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9,822.9<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">6\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 59.1<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0 10,447.9<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">6\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Consolidated Operating Income<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 601.4<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 424.4<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">42\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10.5<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 611.9<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">44\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Adjusted Operating Income (Loss)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Concerts<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 365.3<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 268.9<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">36\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (9.6)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 355.7<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">32\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Ticketing<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">543.2<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">576.6<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(6)\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">15.6<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">558.8<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(3)\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Sponsorship &amp; Advertising<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">363.6<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">352.6<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">3\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">9.9<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">373.5<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">6\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Other and Eliminations<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(12.7)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(15.4)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">*<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">0.0<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(12.7)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">*<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Corporate<\/span><\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(119.9)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(104.0)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(15)\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">0.2<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(119.7)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(15)\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,139.5<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,078.7<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">6\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 16.1<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,155.6<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">7\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div><\/div>\n<\/div>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\" width=\"\">\n<tbody>\n<tr>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><i>* Percentages are not meaningful<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div><\/div>\n<\/div>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\" width=\"\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"6\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Reconciliation of Operating Income to Adjusted Operating Income<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"6\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><i>(unaudited; $ in millions)<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"6\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Q2 2025<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Q2 2024<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>6 Months 2025<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>6 Months 2024<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Operating Income<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 486.7<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 465.8<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 601.4<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 424.4<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Acquisition expenses<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">79.2<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(30.0)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">109.0<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">0.6<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Amortization of non-recoupable ticketing contract advances<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">20.7<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">21.2<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">45.4<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">45.2<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Depreciation and amortization<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">159.0<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">137.7<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">308.5<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">270.3<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Gain on sale of operating assets<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(0.9)<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(0.8)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(3.1)<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(1.4)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Astroworld estimated loss contingencies<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(7.8)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">94.0<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(7.8)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">279.9<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml10 dnr\"><span class=\"prnews_span\">Stock-based compensation expense<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">61.5<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">28.3<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">86.1<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">59.7<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Adjusted Operating Income<\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 798.4<\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 716.2<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,139.5<\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,078.7<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div><\/div>\n<\/div>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\" width=\"\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Reconciliations of Certain Non-GAAP Measures to Their Most Directly Comparable GAAP Measures<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><i>(unaudited; $ in millions)<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b><i>Reconciliation of Free Cash Flow <\/i><\/b><b>\u2014<\/b>\u00a0<b><i>Adjusted to Net Cash Provided by Operating Activities<\/i><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><i>($ in millions)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Q2 2025<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Q2 2024<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Net cash provided by operating activities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 223.4<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 412.1<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Changes in operating assets and liabilities (working capital)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">387.8<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">92.7<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Changes in accrued liabilities for Astroworld estimated loss contingencies<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(7.8)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen26\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">94.0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Free cash flow from earnings<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 603.4<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 598.8<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Less: Maintenance capital expenditures<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(34.2)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen27\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(27.1)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Distributions to noncontrolling interests<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(131.1)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen28\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(115.7)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Free cash flow \u2014 adjusted<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 438.1<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 456.0<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen29\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Net cash used in investing activities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (275.0)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen27\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (263.7)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen29\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Net cash used in financing activities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (325.3)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen28\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (164.6)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div><\/div>\n<\/div>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\" width=\"\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b><i>Reconciliation of Free Cash Flow \u2014 Adjusted to Net Cash Provided by Operating Activities<\/i><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><i>($ in millions)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>6 Months 2025<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>6 Months 2024<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Net cash provided by operating activities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,544.7<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,401.0<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Changes in operating assets and liabilities (working capital)<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(668.8)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen27\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(835.2)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Changes in accrued liabilities for Astroworld estimated loss contingencies<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(7.8)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen26\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">279.9<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Free cash flow from earnings<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 868.1<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 845.7<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Less: Maintenance capital expenditures<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(49.1)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen27\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(49.6)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Distributions to noncontrolling interests<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(164.8)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen28\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(171.9)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Free cash flow \u2014 adjusted<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 654.2<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 624.2<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen29\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Net cash used in investing activities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (492.4)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen27\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (434.4)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen29\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Net cash used in financing activities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (498.5)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen28\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (643.0)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div><\/div>\n<\/div>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\" width=\"\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Reconciliation of Free Cash to Cash and Cash Equivalents<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><i>($ in millions)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>June 30,<\/b><br class=\"dnr\"\/><b>2025<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Cash and cash equivalents<\/span><\/p>\n<\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,057.0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Short-term investments<\/span><\/p>\n<\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">57.6<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Client cash<\/span><\/p>\n<\/td>\n<td class=\"prngen27\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(1,703.2)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Deferred revenue \u2014 event-related<\/span><\/p>\n<\/td>\n<td class=\"prngen27\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(5,140.3)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Accrued artist fees<\/span><\/p>\n<\/td>\n<td class=\"prngen27\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(339.0)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Collections on behalf of others<\/span><\/p>\n<\/td>\n<td class=\"prngen27\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(123.0)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Prepaid expenses \u2014 event-related<\/span><\/p>\n<\/td>\n<td class=\"prngen26\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,290.5<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml8 dnr\"><span class=\"prnews_span\">Free cash<\/span><\/p>\n<\/td>\n<td class=\"prngen26\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,099.6<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div><\/div>\n<\/div>\n<p><b>Forward-Looking Statements, Non-GAAP Financial Measures and Reconciliations: <br class=\"dnr\"\/><\/b>Certain statements in this press release, including the Supplemental Information that follows, constitute &#8220;forward-looking statements&#8221; within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to statements regarding the company&#8217;s positioning to grow operating income and adjusted operating income by double digit in 2025 and for years to come; key metrics pointing to another record year; expected Venue Nation fans for 2025; the level of expected 2025 sponsorship; the expectation that global growth will power momentum in the company&#8217;s Concerts segment through the remainder of 2025, with double-digit international fan growth expected in the second half of the year; the company&#8217;s expectations for full-year 2025 adjusted operating income margins in its Concerts segment; the anticipated level of investment in artist events globally for 2025; expectations regarding key projects and additional venues planned to come online in the second half of 2025 in the company&#8217;s global portfolio of operated venues, the company&#8217;s venue development pipeline for 2026 in the U.S. and internationally, and the anticipated incremental fans from these projects; the anticipated minimal impact of tariffs on venue investment costs, festival supply chain, and other costs; Ticketmaster&#8217;s positioning for growth in the second half of 2025; anticipated adjusted operating income growth in the second half of 2025 for Ticketmaster; expectations for Ticketmaster&#8217;s full-year adjusted operating income margin; the Sponsorship &amp; Advertising segment&#8217;s anticipated increase in adjusted operating income for 2025, with expected strength in the fourth quarter; full-year 2025 adjusted operating income and adjusted operating income margin expectations for the Sponsorship &amp; Advertising segment; expectations for full-year 2025 net cash provided by operating activities and free cash flow\u2014adjusted growth; estimated capital expenditures for 2025, including those related to venue expansion and enhancement plans; the anticipated closing timeline and financial impact of the company&#8217;s additional purchase of OCESA, including expected total accretion levels for the third and fourth quarters of 2025, and anticipated full-year non-controlling interest expense for 2025; the company&#8217;s expectation that foreign exchange rates will not materially impact financials in the second half of 2025; the expected level of depreciation and amortization for full-year 2025; expected P&amp;L tax expense for 2025 and global cash tax payments; and expectations for 2025 share count.<\/p>\n<p>Live Nation wishes to caution you that there are some known and unknown factors that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements, including but not limited to operational challenges in achieving strategic objectives and executing on the company&#8217;s plans, the risk that the company&#8217;s markets do not evolve as anticipated, the potential impact of any economic slowdown and operational challenges associated with selling tickets and staging events.<\/p>\n<p>Live Nation refers you to the documents it files from time to time with the U.S. Securities and Exchange Commission, or SEC, specifically the section titled &#8220;Item 1A. Risk Factors&#8221; of the company&#8217;s most recent Annual Report filed on Form 10-K, and Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K, which contain and identify other important factors that could cause actual results to differ materially from those contained in the company&#8217;s projections or forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date on which they are made. All subsequent written and oral forward-looking statements by or concerning Live Nation are expressly qualified in their entirety by the cautionary statements above. Live Nation does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.<\/p>\n<p>This press release contains certain non-GAAP financial measures as defined by SEC Regulation G. A reconciliation of each such measure to its most directly comparable GAAP financial measure, together with an explanation of why management believes that these non-GAAP financial measures provide useful information to investors, is provided herein.<\/p>\n<p><u>Adjusted Operating Income (Loss),<\/u>\u00a0or AOI, is a non-GAAP financial measure that we define as operating income (loss) before certain acquisition expenses\u00a0(including ongoing legal costs stemming from the Ticketmaster merger, changes in the fair value of accrued acquisition-related contingent consideration obligations, and acquisition-related severance and compensation), amortization of non-recoupable ticketing contract advances, depreciation and amortization (including goodwill impairment), loss (gain) on disposal of operating assets, and stock-based compensation expense. We also exclude from AOI the impact of estimated or realized liabilities for settlements or damages arising out of the Astroworld matter that exceed our estimated insurance recovery, due to the significant and non-recurring nature of the matter. Ongoing legal costs associated with defense of these claims, such as attorney fees, are not excluded from AOI. We use AOI to evaluate the performance of our operating segments. We believe that information about AOI assists investors by allowing them to evaluate changes in the operating results of our portfolio of businesses separate from non-operational factors that affect net income (loss), thus providing insights into both operations and the other factors that affect reported results. AOI is not calculated or presented in accordance with GAAP. A limitation of the use of AOI as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in our business. Accordingly, AOI should be considered in addition to, and not as a substitute for, operating income (loss), net income (loss), and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, AOI as presented herein may not be comparable to similarly titled measures of other companies.<\/p>\n<p><u>AOI margin<\/u>\u00a0is a non-GAAP financial measure that we calculate by dividing AOI by revenue. We use AOI margin to evaluate the performance of our operating segments. We believe that information about AOI margin assists investors by allowing them to evaluate changes in the operating results of our portfolio of businesses separate from non-operational factors that affect net income (loss), thus providing insights into both operations and the other factors that affect reported results. AOI margin is not calculated or presented in accordance with GAAP. A limitation of the use of AOI margin as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in our business. Accordingly, AOI margin should be considered in addition to, and not as a substitute for, operating income (loss) margin, and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, AOI margin as presented herein may not be comparable to similarly titled measures of other companies.<\/p>\n<p><u>Constant Currency<\/u>\u00a0is a non-GAAP financial measure when applied to a GAAP financial measure. We calculate currency impacts as the difference between current period activity translated using the current period&#8217;s currency exchange rates and the comparable prior period&#8217;s currency exchange rates. We present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations.<\/p>\n<p><u>Free Cash Flow\u2014Adjusted<\/u>, or FCF, is a non-GAAP financial measure that we define as net cash provided by (used in) operating activities less changes in operating assets and liabilities, less maintenance capital expenditures, less distributions to noncontrolling interest partners. We use FCF among other measures, to evaluate the ability of operations to generate cash that is available for purposes other than maintenance capital expenditures. We believe that information about FCF provides investors with an important perspective on the cash available to service debt, make acquisitions, and for revenue generating capital expenditures. FCF is not calculated or presented in accordance with GAAP. A limitation of the use of FCF as a performance measure is that it does not necessarily represent funds available for operations and is not necessarily a measure of our ability to fund our cash needs. Accordingly, FCF should be considered in addition to, and not as a substitute for, net cash provided by (used in) operating activities and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, FCF as presented herein may not be comparable to similarly titled measures of other companies.<\/p>\n<p><u>Free Cash<\/u> is a non-GAAP financial measure that we define as cash and cash equivalents less ticketing-related client funds, less event-related deferred revenue, less accrued expenses due to artists and cash collected on behalf of others, plus event-related prepaids. We use free cash as a proxy for how much cash we have available to, among other things, optionally repay debt balances, make acquisitions and fund revenue generating capital expenditures. Free cash is not calculated or presented in accordance with GAAP. A limitation of the use of free cash as a performance measure is that it does not necessarily represent funds available from operations and it is not necessarily a measure of our ability to fund our cash needs. Accordingly, free cash should be considered in addition to, and not as a substitute for, cash and cash equivalents and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, free cash as presented herein may not be comparable to similarly titled measures of other companies.<\/p>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\" width=\"\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>LIVE NATION ENTERTAINMENT, INC.<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>CONSOLIDATED BALANCE SHEETS<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><i>(unaudited)<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>June 30,<\/b><br class=\"dnr\"\/><b>2025<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>December 31,<\/b><br class=\"dnr\"\/><b>2024<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen2\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><i>(in thousands)<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>ASSETS<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Current assets<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml8 dnr\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0 Cash and cash equivalents<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,056,975<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6,095,424<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml8 dnr\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0 Accounts receivable, less allowance of $81,087 and $72,663, respectively<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">2,464,829<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,747,316<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml8 dnr\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0 Prepaid expenses<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,911,706<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,247,184<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml8 dnr\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0 Restricted cash<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">12,625<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">10,685<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml8 dnr\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0 Other current assets<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">377,016<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">189,528<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml40 dnr\"><span class=\"prnews_span\"><b>Total current assets<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">11,823,151<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">9,290,137<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Property, plant and equipment, net<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">2,949,293<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">2,441,872<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Operating lease assets<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,738,218<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,618,033<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Intangible assets<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml8 dnr\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0 Definite-lived intangible assets, net<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,091,697<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">985,812<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml8 dnr\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0 Indefinite-lived intangible assets, net<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">369,073<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">380,558<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Goodwill<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">2,820,918<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">2,620,911<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Long-term advances<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">626,920<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">520,482<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Other long-term assets<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,731,063<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,780,966<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml40 dnr\"><span class=\"prnews_span\"><b>Total assets<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 23,150,333<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 19,638,771<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>LIABILITIES AND EQUITY<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Current liabilities<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml8 dnr\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0 Accounts payable, client accounts<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,116,846<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,859,678<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml8 dnr\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0 Accounts payable<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">404,877<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">242,978<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml8 dnr\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0 Accrued expenses<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">3,285,866<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">3,057,334<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml8 dnr\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0 Deferred revenue<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">5,910,068<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">3,721,092<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml8 dnr\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0 Current portion of long-term debt, net<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,485,353<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">260,901<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml8 dnr\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0 Current portion of operating lease liabilities<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">158,577<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">153,406<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml8 dnr\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0 Other current liabilities<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">96,985<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">62,890<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml40 dnr\"><span class=\"prnews_span\"><b>Total current liabilities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">13,458,572<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">9,358,279<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Long-term debt, net<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">4,990,995<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">6,177,168<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Long-term operating lease liabilities<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,784,719<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,680,266<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Other long-term liabilities<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">610,465<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">477,763<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Commitments and contingent liabilities<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Redeemable noncontrolling interests<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,377,665<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,126,302<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Stockholders&#8217; equity<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Common stock<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">2,324<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">2,313<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml8 dnr\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0 Additional paid-in capital<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,788,393<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">2,059,746<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml8 dnr\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0 Accumulated deficit<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(1,271,336)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(1,546,819)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml8 dnr\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0 Cost of shares held in treasury<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(6,865)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(6,865)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml8 dnr\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0 Accumulated other comprehensive loss<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(152,446)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(335,112)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml40 dnr\"><span class=\"prnews_span\"><b>Total Live Nation stockholders&#8217; equity<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">360,070<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">173,263<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Noncontrolling interests<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">567,847<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">645,730<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml40 dnr\"><span class=\"prnews_span\"><b>Total equity<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">927,917<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">818,993<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml40 dnr\"><span class=\"prnews_span\"><b>Total liabilities and equity<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 23,150,333<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 19,638,771<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div><\/div>\n<\/div>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\" width=\"\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"8\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>LIVE NATION ENTERTAINMENT, INC.<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"8\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>CONSOLIDATED STATEMENTS OF OPERATIONS<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"8\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><i>(unaudited)<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"8\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen2\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Three Months Ended<\/b><\/span><\/p>\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>June 30,<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen2\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Six Months Ended<\/b><\/span><\/p>\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>June 30,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen31\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>2025<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen31\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>2024<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen31\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>2025<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen31\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>2024<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen2\" colspan=\"7\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><i>(in thousands except share and per share data)<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Revenue<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,006,641<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6,023,416<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0 10,388,758<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9,822,945<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Operating expenses:<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Direct operating expenses<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">5,210,756<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">4,408,209<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">7,465,693<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">7,059,549<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Selling, general and administrative expenses<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,003,344<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">926,222<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,782,266<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,907,781<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Depreciation and amortization<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">159,025<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">137,729<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">308,480<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">270,323<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Gain on disposal of operating assets<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(856)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(779)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(3,058)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(1,430)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Corporate expenses<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">147,719<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">86,216<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">233,955<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">162,293<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml40 dnr\"><span class=\"prnews_span\">Operating income<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">486,653<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">465,819<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">601,422<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">424,429<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Interest expense<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">72,048<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">79,970<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">152,391<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">160,661<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Interest income<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(37,893)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(44,425)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(71,954)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(87,682)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Equity in earnings of nonconsolidated affiliates<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(4,268)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(5,376)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(4,747)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(5,460)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Other expense (income), net<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">36,380<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(20,742)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">39,333<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(97,796)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Income before income taxes<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">420,386<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">456,392<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">486,399<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">454,706<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Income tax expense<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">117,645<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">80,164<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">137,356<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">121,183<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Net income<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">302,741<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">376,228<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">349,043<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">333,523<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Net income attributable to noncontrolling interests<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">59,330<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">78,258<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">82,429<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">90,028<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Net income attributable to common stockholders of Live Nation<\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 243,411<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 297,970<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 266,614<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 243,495<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Basic net income per common share available to common stockholders of Live Nation<\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.41<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.05<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.09<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.48<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Diluted net income per common share available to common stockholders of Live Nation<\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.41<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.03<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.09<\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.48<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Weighted average common shares outstanding:<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Basic<\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">231,845,412<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">229,921,527<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">231,534,852<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">229,696,356<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Diluted<\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">234,417,428<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">245,002,995<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">234,658,608<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">232,024,314<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen29\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Reconciliation to net income available to common stockholders of Live Nation:<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Net income attributable to common stockholders of Live Nation<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 243,411<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 297,970<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 266,614<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 243,495<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Accretion of redeemable noncontrolling interests<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(147,801)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(57,325)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(245,895)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen28\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(132,435)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Net income available to common stockholders of Live Nation\u2014basic<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 95,610<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 240,645<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 20,719<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 111,060<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Convertible debt interest, net of tax<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">10,790<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen26\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Net income available to common stockholders of Live Nation\u2014diluted<\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 95,610<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 251,435<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 20,719<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen32\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 111,060<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prnpr4 prnpl2 prnvab prntar prnsbtb1 prnrbrb1 prnbbbs prnbsbls\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen26\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div><\/div>\n<\/div>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\" width=\"\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>LIVE NATION ENTERTAINMENT, INC.<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>CONSOLIDATED STATEMENTS OF CASH FLOWS<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><i>(unaudited)<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen4\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>Six Months Ended June 30,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen31\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>2025<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen22\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prnpr4 prnpl2 prnvab prntac prncbts prnrbrb1 prnbbbs prnsblb1\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>2024<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen2\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><i>(in thousands)<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>CASH FLOWS FROM OPERATING ACTIVITIES<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Net income<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 349,043<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 333,523<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Reconciling items:<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Depreciation<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">183,804<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">146,168<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Amortization of definite-lived intangibles<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">124,676<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">124,155<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Amortization of non-recoupable ticketing contract advances<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">45,443<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">45,241<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Deferred income taxes<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">25,129<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(6,078)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Amortization of debt issuance costs and discounts<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">8,131<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">7,881<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Stock-based compensation expense<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">86,097<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">59,738<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Unrealized changes in fair value of contingent consideration<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">9,304<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(28,573)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Equity in losses of nonconsolidated affiliates, net of distributions<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">8,774<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">5,671<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Provision for uncollectible accounts receivable<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">13,539<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(9,806)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Loss (Gain) on mark-to-market of investments in nonconsolidated affiliates and crypto assets<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">133<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(100,153)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Loss (Gain) on forward currency exchange contracts<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">31,584<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(8,019)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Other, net<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(9,730)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(3,953)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Increase in accounts receivable<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(622,765)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(465,797)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Increase in prepaid expenses and other assets<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(822,523)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(646,147)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Increase in accounts payable, accrued expenses and other liabilities<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">225,791<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">430,886<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml20 dnr\"><span class=\"prnews_span\">Increase in deferred revenue<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,888,292<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,516,217<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml40 dnr\"><span class=\"prnews_span\">Net cash provided by operating activities<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,544,722<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">1,400,954<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>CASH FLOWS FROM INVESTING ACTIVITIES<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Advances of notes receivable<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(19,156)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(75,973)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Collections of notes receivable<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">17,784<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">21,290<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Investments made in nonconsolidated affiliates<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(14,492)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(30,593)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Purchases of property, plant and equipment<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(434,207)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(333,689)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Cash paid for acquisition of right-of-use assets<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(20,800)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Cash paid for acquisitions, net of cash acquired<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(50,090)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(17,579)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Proceeds from sale of intangible assets<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">20,040<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Other, net<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">8,495<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">2,139<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml40 dnr\"><span class=\"prnews_span\">Net cash used in investing activities<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(492,426)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(434,405)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\"><b>CASH FLOWS FROM FINANCING ACTIVITIES<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Proceeds from long-term debt, net of debt issuance costs<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">62,764<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">886<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Payments on long-term debt including extinguishment costs<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(103,625)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(377,132)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Contributions from noncontrolling interests<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">11,264<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">28<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Distributions to noncontrolling interests<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(164,819)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(171,908)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Purchases of noncontrolling interests, net<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(206,112)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(47,980)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Proceeds from exercise of stock options<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">3,443<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">12,819<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Taxes paid for net share settlement of equity awards<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(86,585)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(38,551)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Payments for deferred and contingent consideration<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(14,399)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(20,390)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Other, net<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(383)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(748)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml40 dnr\"><span class=\"prnews_span\">Net cash used in financing activities<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(498,452)<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(642,976)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Effect of exchange rate changes on cash, cash equivalents and restricted cash<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">409,647<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">(152,989)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml40 dnr\"><span class=\"prnews_span\">Net increase in cash, cash equivalents and restricted cash<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">963,491<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">170,584<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Cash, cash equivalents and restricted cash at beginning of period<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">6,106,109<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">6,238,956<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">Cash, cash equivalents and restricted cash at end of period<\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,069,600<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\" height=\"\" width=\"\"><br class=\"dnr\"\/><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\" height=\"\" width=\"\">\n<p class=\"prnml4 dnr\"><span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6,409,540<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div><\/div>\n<\/div>\n<p>SOURCE Live Nation Entertainment<\/p>\n<p>\n          <\/div>\n<p><em> \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n<p><em> \u2018 Some details of this article were extracted from the following source www.prnewswire.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LOS ANGELES, Aug. 7, 2025 \/PRNewswire\/ &#8212; &#8220;Global expansion continues to drive touring growth, with fan attendance hitting new highs and ticket buying strong at every price point from VIP to the back row. To meet this momentum, we&#8217;re expanding our global venue portfolio and investing in the artists who make it all possible. We&#8217;re [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1948238,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[26192,340089,21741,23465,21800],"class_list":["post-1948237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-earnings","tag-earnings-forecasts-projections","tag-entertainment","tag-live-nation-entertainment","tag-music"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2025\/08\/LIVE-NATION-ENTERTAINMENT-REPORTS-SECOND-QUARTER-2025-RESULTS.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/1948237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=1948237"}],"version-history":[{"count":0,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/1948237\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/1948238"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=1948237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=1948237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=1948237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}