Live Nation Entertainment 2026年季度报告

Form10-Q____________________________________ ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended June30, 2026or ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934For the transition period fromtoCommission File Number 001-32601____________________________________ LIVE NATION ENTERTAINMENT, INC. 20-3247759 (I.R.S. Employer Identification No.) (Registrant’s telephone number, including area code)______________________________________________________________ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the ExchangeAct. AcceleratedFilerNon-accelerated FilerSmallerReportingCompanyEmerging Growth Company On July23, 2026, there were 235,633,860 outstanding shares of the registrant’s common stock, $0.01par value per share, including 2,674,355 shares of unvestedrestricted stock awards and excluding 574,131 shares held in treasury. LIVE NATION ENTERTAINMENT, INC.INDEX TO FORM10-Q PARTI—FINANCIAL INFORMATION Item1.Financial Statements2Consolidated Balance Sheets as of June 30, 2026 (Unaudited) and December31, 20252Consolidated Statements of Operations (Unaudited) for the three and six months ended June 30, 2026 and 20253Consolidated Statements of Comprehensive Income (Loss) (Unaudited) for the three and six months ended June30, 2026 and 20254Consolidated Statements of Changes in Equity (Unaudited) for the three and six months ended June 30, 2026 and20255Consolidated Statements of Cash Flows (Unaudited) for the six months ended June 30, 2026 and 20259Notes to Consolidated Financial Statements (Unaudited)10Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations23Item3.Quantitative and Qualitative Disclosures About Market Risk40Item4.Controls and Procedures40PART II—OTHER INFORMATIONItem1.Legal Proceedings41Item1A.Risk Factors41Item2.Unregistered Sales of Equity Securities and Use of Proceeds41Item3.Defaults Upon Senior Securities41Item5.Other Information41Item6.Exhibits42 LIVE NATION ENTERTAINMENT, INC.CONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED) LIVE NATION ENTERTAINMENT, INC.CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(UNAUDITED) LIVE NATION ENTERTAINMENT, INC.CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY(UNAUDITED) LIVE NATION ENTERTAINMENT, INC.CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY(UNAUDITED) LIVE NATION ENTERTAINMENT, INC.CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY(UNAUDITED) LIVE NATION ENTERTAINMENT, INC.CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY(UNAUDITED) LIVE NATION ENTERTAINMENT, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED) LIVE NATION ENTERTAINMENT, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED) NOTE1—BASIS OF PRESENTATION AND OTHER INFORMATION Preparation of Interim Financial Statements The accompanying unaudited consolidated financial statements have been prepared in accordance with GAAP for interim financialinformation and the instructions to Form 10-Q and Article 10 of Regulation S-X issued by the SEC. Accordingly, they do not include all ofthe information and footnotes required by GAAP for complete financial statements. In the opinion of management, they include all normaland recurring accruals and adjustments necessary to present fairly the results of the interim periods shown. The financial statements shouldbe read in conjunction with the consolidated financial statements and notes thereto included in our 2025 Annual Report on Form10-K filedwith the SEC on February 19, 2026. Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates, judgmentsand assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes including, but not limitedto, legal, tax and insurance accruals, acquisition accounting and impairments. We base our estimates on historical experience and on variousother assumptions that are believed to be reasonable under the circumstances. A