{"id":52424,"date":"2017-05-07T22:40:00","date_gmt":"2017-05-04T20:19:00","guid":{"rendered":"http:\/\/hispanicprwire.com\/english-live-nation-entertainment-reports-first-quarter-2017-financial-results\/"},"modified":"2017-05-07T22:42:01","modified_gmt":"2017-05-08T02:42:01","slug":"live-nation-entertainment-reporta-resultados-financieros-del-primer-trimestre-de-2017","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/live-nation-entertainment-reporta-resultados-financieros-del-primer-trimestre-de-2017\/","title":{"rendered":"Live Nation Entertainment Reports First Quarter 2017 Financial Results"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen39{\nBORDER-TOP:black 1pt solid; 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BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n.prnrbrs{\nBORDER-RIGHT:black 1pt solid\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbb1{\nBORDER-BOTTOM:1pt\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbl1{\nBORDER-LEFT:1pt\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">LOS ANGELES<\/span>, May\u00a04, 2017 \/PRNewswire-HISPANIC PR WIRE\/ &#8212;<\/p>\n<p><b>Highlights (year-over-year):<\/b><\/p>\n<ul type=\"disc\">\n<li><b>Revenue Up 17% for the Quarter to <span class=\"xn-money\">$1.4 Billion<\/span><\/b>\n<\/li>\n<li><b>Operating Income Improves 36% for the Quarter to <span class=\"xn-money\">$(21) Million<\/span><\/b>\n<\/li>\n<li><b>Adjusted Operating Income Up 25% for the Quarter to <span class=\"xn-money\">$92 Million<\/span><\/b>\n<\/li>\n<li><b>Concert Ticket Sales for 2017 Shows of 46 Million, Up 25% through April<\/b>\n<\/li>\n<li><b>Sponsorship &amp; Advertising Contracted Net Revenue Up Double Digits through April<\/b>\n<\/li>\n<li><b>Ticketmaster Fee-Bearing GTV at Constant Currency Up 18% through First Quarter<\/b><\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<div id=\"prni_dvprnejpg526cleft\" style=\"TEXT-ALIGN: left; WIDTH: 100%\"><img decoding=\"async\" id=\"prnejpg526cleft\" title=\" \" border=\"0\" alt=\" \" align=\"middle\" src=\"http:\/\/mma.prnewswire.com\/media\/466331\/Live_Nation_Entertainment_Logo.jpg\"\/><\/div>\n<p>Live Nation Entertainment (NYSE: LYV) today released financial results for the three months ended March\u00a031, 2017.\u00a0 <\/p>\n<p>Live Nation has continued growing its business in 2017, with first quarter revenue up 17%, operating income improvement of 36%, and adjusted operating income, or AOI, up 25%, with strong operating performance across all our concerts, advertising and ticketing segments.<\/p>\n<p>This year we have booked more shows, sold more tickets and have more sponsorship commitments than ever before at this point of the year.\u00a0 With the strength of these leading indicators, I am confident we will once again deliver record topline, operating income and AOI performance in each of our businesses in 2017.<\/p>\n<p>The global concerts industry is structurally growing, with strong tailwinds for both supply and demand.\u00a0 On the supply side, artists are touring now more than ever.\u00a0 And on the demand side, between the millennial shifting of spend to experiences and the globalization of artists on social media, we see continued long-term growth as fans attend more concerts.<\/p>\n<p><b>Concerts Global Platform Growth<\/b><\/p>\n<p>As of the end of April we have booked over 4,000 arena, stadium and amphitheater shows for 2017, up 10% over this point last year.\u00a0\u00a0As a result of our show pipeline, tickets sold through April for our concerts this year are up over 25% to 46 million tickets.<\/p>\n<p>Along with this strong show and ticket count increase, we also expect to continue driving the profitability of our concerts business through increased onsite spending.\u00a0 This year we have invested to add more points of sale to improve throughput and increase sales, while also continuing to refine our product assortment and pricing.\u00a0 <\/p>\n<p>Looking globally at the concerts business, we now promote shows in 40 countries as we continue reaching more fans in more markets.\u00a0With all parts of our global concerts business looking strong this year, the concert segment continues to be the engine that powers the Live Nation flywheel strategy, growing the profitability of the concerts business while also driving our advertising and ticketing businesses.<\/p>\n<p><b>Sponsorship &amp; Advertising Delivered Continued Growth<\/b><\/p>\n<p>We continue to see the tremendous attraction of our 70 million plus onsite fans for advertisers, driving continued double-digit growth in our advertising business.\u00a0 As of the end of April, we have commitments for over 80% of our planned advertising for the year, pacing double digits ahead of this point last year.<\/p>\n<p>Our top clients that have over <span class=\"xn-money\">$1 million<\/span> per year in advertising continue to increase their spend, accounting for over 75% of our total committed spend, and pacing up double digits through April.<\/p>\n<p>We also see increased demand for concert video content.\u00a0 In addition to announcing Twitter as our latest partner in streaming live concerts, we have captured four concerts in virtual reality in partnerships with Hulu and NextVR, and last week we premiered the Live Nation-produced Puff Daddy documentary, &#8220;Can&#8217;t Stop, Won&#8217;t Stop:\u00a0 The Bad Boy Story,&#8221; at the Tribeca Film Festival which will now be distributed by Apple.\u00a0 Collectively, this content provides us with an array of additional ad units and valuable marketing for our tours.<\/p>\n<p><b>Ticketmaster Marketplace Growing<\/b><\/p>\n<p>In the first quarter, Ticketmaster delivered its largest quarter in history for gross transaction value, or GTV, and ticket volume on a transacted basis.\u00a0 Our growth in the quarter came from both our fee-bearing primary and secondary businesses, which grew GTV by 18% and 20%, respectively.<\/p>\n<p>Our success starts with continuing to build our venue client base, and in the first quarter we added 245 new clients, providing them with the most effective software platform for their ticketing needs.<\/p>\n<p>On the commerce side, we begin by attracting more fans to our sites, and in the quarter we increased online visits by 10% year-on-year, and grew our installed app base by 41% to over 33 million.\u00a0 And then once the fans are at our sites or app, our investments to improve the fan experience and purchase flow have driven higher conversion rates, increasing our sales.<\/p>\n<p>While growing ticket sales on our sites, we have also been deploying APIs to extend our distribution.\u00a0 As a result, in the first quarter we sold almost 4 million tickets off-platform, up 32% year-on-year, helping our clients, sports teams and artists, to sell incremental tickets.<\/p>\n<p>One of the major initiatives we launched in the past quarter to support artists is our &#8220;Verified Fan&#8221; product, which leverages proprietary data and analytics to screen and verify potential ticket buyers, increasing the opportunity for real fans to purchase tickets for a show.\u00a0 After launching this product with <span class=\"xn-person\">Ed Sheeran<\/span>, we have supported over 30 tours, including Depeche Mode, Twenty One Pilots and <span class=\"xn-person\">Harry Styles<\/span> as they seek new ways to get tickets in the hands of fans.\u00a0 This program has been highly successful in reducing, by over 90%, the number of tickets that are then sold on secondary markets.<\/p>\n<p>With this strong start to the year, we expect another record year in ticketing, driven by our concerts flywheel and enhanced by the progress we have made in our ticketing products and fan experience.<\/p>\n<p><b>Summary<\/b><\/p>\n<p>2017 is on track to be another year of growth and record results for the company.\u00a0 All of the leading indicators for our concerts, sponsorship &amp; advertising and ticketing segments are ahead of last year and we expect each of our businesses to deliver record revenue, operating income and AOI this year.<\/p>\n<p><span class=\"xn-person\">Michael Rapino<\/span><br \/>President and Chief Executive Officer<br \/>Live Nation Entertainment, Inc.<\/p>\n<p>The company will webcast a teleconference today at <span class=\"xn-chron\">5:00 p.m. Eastern Time<\/span> to discuss its financial performance. Interested parties should visit the Events &amp; Webcasts section of the company&#8217;s website at <i><u><a target=\"_blank\" href=\"http:\/\/investors.livenationentertainment.com\/\" rel=\"nofollow\">investors.livenationentertainment.com<\/a><\/u><\/i> to listen to the webcast. Supplemental statistical and financial information to be provided on the call, if any, will be available under the Reports section at the same link. A replay of the webcast will also be available on the Live Nation website.<\/p>\n<p><b>Notice Regarding Financial Statements<\/b><\/p>\n<p>The company has provided certain unaudited financial statements at the end of this press release for reference. These unaudited financial statements should be read in conjunction with the full unaudited financial statements, and the notes thereto, set forth in the company&#8217;s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission today and available on the SEC&#8217;s website at <i><u><a target=\"_blank\" href=\"https:\/\/www.sec.gov\/\" rel=\"nofollow\">sec.gov<\/a><\/u>.<\/i><\/p>\n<p><b>About Live Nation Entertainment<\/b><\/p>\n<p>Live Nation Entertainment, Inc. (NYSE: LYV) 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 <i><u><a target=\"_blank\" href=\"http:\/\/investors.livenationentertainment.com\/\" rel=\"nofollow\">investors.livenationentertainment.com<\/a><\/u><\/i>.<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td colspan=\"18\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><u><b>FINANCIAL HIGHLIGHTS \u2013 1st QUARTER<\/b><\/u><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>(unaudited; $ in millions)<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"18\" class=\"prngen4\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"3\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Q1 2017 <br \/>Reported<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"3\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Q1 2016 <br \/>Reported<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Growth<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"3\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Q1 2017 <br \/>Constant<br \/>Currency<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Growth at <br \/>Constant <br \/>Currency<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Revenue<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"3\" class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"3\" class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Concerts<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">863.3<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">754.9<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">14<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">877.2<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">16<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Sponsorship &amp; Advertising<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">64.0<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">57.6<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">64.9<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Ticketing<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">493.7<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">405.8<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">22<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">499.2<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">23<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Other and Eliminations<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(7.8)<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(10.6)<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">26<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(7.8)<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">26<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,413.2<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,207.7<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">17<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,433.5<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">19<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"3\" class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"3\" class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"3\" class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Operating Income (Loss)<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"3\" class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"3\" class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Concerts<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(75.8)<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(66.6)<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(14%)<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(77.9)<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(17%)<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Sponsorship &amp; Advertising<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">26.4<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">25.3<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">27.1<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Ticketing<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">54.5<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">35.3<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">54<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">53.5<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">52<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Other and Eliminations<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.2<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1.7)<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">*<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.2<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">*<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Corporate<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(26.7)<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(25.6)<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(4%)<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(26.7)<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(4%)<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(21.4)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(33.3)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">36<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(23.8)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">29<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"3\" class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"3\" class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"3\" class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Adjusted Operating Income (Loss)<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"3\" class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"3\" class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Concerts<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(22.2)<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(17.0)<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(31%)<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(23.0)<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(35%)<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Sponsorship &amp; Advertising<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">33.2<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">30.6<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">33.8<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">10<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Ticketing<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">103.1<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">82.1<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">26<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">102.8<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">25<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Other and Eliminations<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.3)<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2.3)<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">87<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.3)<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">87<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Corporate<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(21.8)<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(20.0)<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(9%)<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(21.8)<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(9%)<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">92.0<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">73.4<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">25<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">91.5<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">25<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"18\" class=\"prngen4\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"18\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>* percentages are not meaningful<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<ul type=\"disc\">\n<li>As of March\u00a031, 2017, total cash and cash equivalents were <span class=\"xn-money\">$2.2 billion<\/span>, which includes <span class=\"xn-money\">$671 million<\/span> in ticketing client cash and <span class=\"xn-money\">$374 million<\/span> in free cash.\n<\/li>\n<li>Event-related deferred revenue was <span class=\"xn-money\">$1.6 billion<\/span> as of March\u00a031, 2017, compared to <span class=\"xn-money\">$1.2 billion<\/span> as of the same date in 2016.\n<\/li>\n<li>For the quarter ended March\u00a031, 2017, net cash provided by operating activities was <span class=\"xn-money\">$761 million<\/span> and free cash flow \u2014 adjusted was <span class=\"xn-money\">$27 million<\/span>.\n<\/li>\n<li>We currently expect capital expenditures for the full year to be approximately <span class=\"xn-money\">$220 million<\/span>, with approximately 50% to be revenue generating capital expenditures.\u00a0\n<\/li>\n<li>We currently expect the amortization of nonrecoupable ticketing contract advances for the full year 2017 to be approximately in line with the total amount in 2016. <\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td colspan=\"11\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>KEY OPERATING METRICS<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"11\" class=\"prngen3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\"><\/td>\n<td colspan=\"6\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Q1 2017<\/b><\/span><\/p>\n<\/td>\n<td class=\"prnsbtb0 prnrbrb0 prnvab prnsbtb0 prntac prnpl6 prnsblb0 prnpr6\"><\/td>\n<td colspan=\"3\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Q1 2016<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\"><\/td>\n<td colspan=\"10\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>(in thousands except estimated events)<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Concerts <sup>(1)<\/sup><\/b><\/span><\/p>\n<\/td>\n<td colspan=\"6\" class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"3\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Estimated events:<\/span><\/p>\n<\/td>\n<td colspan=\"6\" class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"3\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">North America<\/span><\/p>\n<\/td>\n<td colspan=\"5\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,744<\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,448<\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">International<\/span><\/p>\n<\/td>\n<td colspan=\"5\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,207<\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,397<\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Total estimated events<\/span><\/p>\n<\/td>\n<td colspan=\"5\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,951<\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,845<\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Estimated fans:<\/span><\/p>\n<\/td>\n<td colspan=\"6\" class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"3\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">North America<\/span><\/p>\n<\/td>\n<td colspan=\"5\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,775<\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,841<\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">International<\/span><\/p>\n<\/td>\n<td colspan=\"5\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,095<\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,079<\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Total estimated fans<\/span><\/p>\n<\/td>\n<td colspan=\"5\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">10,870<\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,920<\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Ticketing <sup>(2)<\/sup><\/b><\/span><\/p>\n<\/td>\n<td colspan=\"6\" class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"3\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Number of fee-bearing tickets sold<\/span><\/p>\n<\/td>\n<td colspan=\"5\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">49,602<\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">44,523<\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Number of non-fee-bearing tickets sold<\/span><\/p>\n<\/td>\n<td colspan=\"5\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">78,435<\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">76,482<\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prnsbt1 prnsbr1 prnvab prnsbb1 prntar prnpl20 prnsbl1 prnpr6\"><\/td>\n<td colspan=\"5\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">128,037<\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">121,005<\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<div>\n<table id=\"convertedTable8c61\" cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnsbt0 prnsbr0 prnbcc prnsbb0 prnsbl0\">\n<tr>\n<td class=\"prnsbtb0 prnrbrb0 prnvab prnsbtb0 prntar prnpl6 prnsblb0 prnpr8\"><\/td>\n<td class=\"prnsbtb0 prnrbrb0 prnvab prnsbtb0 prnpl6 prnsblb0 prnpr8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1)<\/span><\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Events generally represent a single performance by an artist.\u00a0 Fans generally represent the number of people who attended an event.\u00a0 Festivals are counted as one event in the quarter in which the festival begins, but the number of fans is based on the days the fans were present at the festival and thus can be reported in multiple quarters.\u00a0 Events and fan attendance metrics are estimated each quarter.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2)<\/span><\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">The number of fee-bearing tickets sold includes primary and secondary tickets that are sold using our Ticketmaster systems or that we issue through affiliates.\u00a0 This metric includes primary tickets sold during the year regardless of event timing, except for our own events where our concert promoters control ticketing and which are reported as the events occur.\u00a0 The non-fee-bearing tickets sold includes primary tickets sold using our Ticketmaster systems, through season seat packages and our venue clients&#8217; box offices, along with tickets sold on our &#8216;do it yourself&#8217; platform.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<p><b>Reconciliation of Certain Non-GAAP Measures to Their Most Directly Comparable GAAP Measures (Unaudited)<\/b><\/p>\n<p><b><i>Reconciliation of Free Cash Flow <\/i><\/b><b>\u2014<\/b> <b><i>Adjusted to Net Cash Provided by Operating Activities<\/i><\/b><\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>($ in millions)<\/i><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prnsbts prnsbr1 prnvab prnsbb1 prntac prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Q1 2017<\/b><\/span><\/p>\n<\/td>\n<td class=\"prnsbts prnsbr1 prnvab prnsbb1 prntac prnpl6 prnsbl1 prnpr8\"><\/td>\n<td colspan=\"3\" class=\"prnsbts prnrbrs prnvab prnsbb1 prntac prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Q1 2016<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net cash provided by operating activities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>760.7<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>517.4<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen32\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Less: Changes in operating assets and liabilities (working capital)<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(697.5)<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(464.0)<\/span><\/p>\n<\/td>\n<td class=\"prngen34\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Free cash flow from earnings<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">63.2<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">53.4<\/span><\/p>\n<\/td>\n<td class=\"prngen32\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Less: Maintenance capital expenditures<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(24.5)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(13.4)<\/span><\/p>\n<\/td>\n<td class=\"prngen32\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Distributions to noncontrolling interests<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(12.2)<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(15.5)<\/span><\/p>\n<\/td>\n<td class=\"prngen34\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Free cash flow \u2014 adjusted<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>26.5<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>24.5<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen32\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen35\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen32\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net cash used in investing activities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(75.0)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(85.7)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen32\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen35\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen32\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen36\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net cash used in financing activities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(5.1)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(53.3)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen34\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<p><b><i>Reconciliation of Free Cash to Cash and Cash Equivalents<\/i><\/b><\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>($ in millions)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen37\"><\/td>\n<td colspan=\"3\" class=\"prnsbts prnrbrs prnvab prnsbbs prntac prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31,<br \/>\u00a02017<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash and cash equivalents<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen37\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,227.6<\/span><\/p>\n<\/td>\n<td class=\"prngen39\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Client cash<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(671.0)<\/span><\/p>\n<\/td>\n<td class=\"prngen32\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Deferred revenue \u2014 event-related<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,582.9)<\/span><\/p>\n<\/td>\n<td class=\"prngen32\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accrued artist fees<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(46.7)<\/span><\/p>\n<\/td>\n<td class=\"prngen32\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Collections on behalf of others<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(28.9)<\/span><\/p>\n<\/td>\n<td class=\"prngen32\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Prepaid expenses \u2014 event-related<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">475.6<\/span><\/p>\n<\/td>\n<td class=\"prngen34\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen36\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u00a0\u00a0 Free cash<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">373.7<\/span><\/p>\n<\/td>\n<td class=\"prngen34\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<p><b>Forward-Looking Statements, Non-GAAP Financial Measures and Reconciliations:<\/b><\/p>\n<p>Certain statements in this press release 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 anticipated record revenue, operating income and adjusted operating income in the company&#8217;s concerts, sponsorship and advertising, and ticketing businesses in 2017; expectations that increased onsite spending will continue to drive the profitability of the company&#8217;s concerts business; and the prospects for long-term growth in the global concerts industry and the company&#8217;s prospects for delivering long-term growth.\u00a0 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>, or AOI, is a non-GAAP financial measure that we define as operating income (loss) before acquisition expenses (including transaction costs, changes in the fair value of acquisition-related contingent consideration obligations, and acquisition-related severance and compensation), depreciation and amortization (including goodwill impairment), loss (gain) on disposal of operating assets and certain stock-based compensation expense. 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, 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>Constant Currency<\/u>\u00a0is a non-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.\u00a0 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 \u2014 Adjusted<\/u>, or FCF, is a non-GAAP financial measure that the company defines 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. The company uses FCF among other measures, to evaluate the ability of its operations to generate cash that is available for purposes other than maintenance capital expenditures. The company believes 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 the company&#8217;s ability to fund its 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 the company defines 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. The company uses free cash as a proxy for how much cash it has 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<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td colspan=\"32\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Reconciliations of Certain Non-GAAP Measures to Their Most Directly Comparable GAAP Measures (Unaudited)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"32\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"32\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i><u>Reconciliation of Adjusted Operating Income (Loss) to Operating Income (Loss)<\/u><\/i><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>($ in millions)<\/i><\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Operating income <br \/>(loss)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Stock-based compensation expense<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Loss (gain) on disposal of operating assets<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen3\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Depreciation and<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>amortization<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Acquisition expenses<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Adjusted operating income (loss) reported<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Foreign exchange impact<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Adjusted operating income (loss) constant currency<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"31\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three Months Ended March 31, 2017<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen37\"><\/td>\n<td class=\"prngen37\"><\/td>\n<td colspan=\"3\" class=\"prngen37\"><\/td>\n<td class=\"prngen37\"><\/td>\n<td colspan=\"3\" class=\"prngen37\"><\/td>\n<td class=\"prngen37\"><\/td>\n<td colspan=\"3\" class=\"prngen37\"><\/td>\n<td class=\"prngen37\"><\/td>\n<td colspan=\"3\" class=\"prngen37\"><\/td>\n<td class=\"prngen37\"><\/td>\n<td colspan=\"3\" class=\"prngen37\"><\/td>\n<td class=\"prngen37\"><\/td>\n<td colspan=\"3\" class=\"prngen37\"><\/td>\n<td class=\"prngen37\"><\/td>\n<td colspan=\"3\" class=\"prngen37\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Concerts<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(75.8)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.8<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.7)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">46.4<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5.1<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(22.2)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.8)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(23.0)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Sponsorship &amp; Advertising<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">26.4<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.3<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6.5<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">33.2<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.6<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">33.8<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Ticketing<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">54.5<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.9<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">47.3<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.4<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">103.1<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.3)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">102.8<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other and Eliminations<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.2<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.5)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.3)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.3)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Corporate<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(26.7)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3.9<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.0<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(21.8)<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(21.8)<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Total Live Nation<\/span><\/p>\n<\/td>\n<td class=\"prngen40\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(21.4)<\/span><\/p>\n<\/td>\n<td class=\"prngen40\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen40\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7.9<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.7)<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen40\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">100.7<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen40\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5.5<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen40\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">92.0<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.5)<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen40\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">91.5<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"31\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three Months Ended March 31, 2016<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen37\"><\/td>\n<td class=\"prngen37\"><\/td>\n<td colspan=\"3\" class=\"prngen37\"><\/td>\n<td class=\"prngen37\"><\/td>\n<td colspan=\"3\" class=\"prngen37\"><\/td>\n<td class=\"prngen37\"><\/td>\n<td colspan=\"3\" class=\"prngen37\"><\/td>\n<td class=\"prngen37\"><\/td>\n<td colspan=\"3\" class=\"prngen37\"><\/td>\n<td class=\"prngen37\"><\/td>\n<td colspan=\"3\" class=\"prngen37\"><\/td>\n<td class=\"prngen37\"><\/td>\n<td colspan=\"3\" class=\"prngen37\"><\/td>\n<td class=\"prngen37\"><\/td>\n<td colspan=\"3\" class=\"prngen37\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Concerts<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(66.6)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3.1<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">43.9<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.6<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(17.0)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(17.0)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Sponsorship &amp; Advertising<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">25.3<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.4<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4.9<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">30.6<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">30.6<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Ticketing<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">35.3<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.0<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">45.8<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">82.1<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">82.1<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other and Eliminations<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1.7)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.6)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2.3)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2.3)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Corporate<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(25.6)<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4.5<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.1<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.9<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.1<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(20.0)<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(20.0)<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Total Live Nation<\/span><\/p>\n<\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(33.3)<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen40\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9.0<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen40\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.1<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen40\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">94.9<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen40\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.7<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen40\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">73.4<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen40\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen40\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">73.4<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p><\/p>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td colspan=\"8\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>LIVE NATION ENTERTAINMENT, INC.<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>CONSOLIDATED BALANCE SHEETS<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>(unaudited)<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" class=\"prngen42\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen42\"><\/td>\n<td colspan=\"3\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31,<br \/>\u00a02017<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen42\"><\/td>\n<td colspan=\"3\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>December 31,<br \/>\u00a02016<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen42\"><\/td>\n<td colspan=\"7\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>(in thousands)<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>ASSETS<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen42\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Current assets<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash and cash equivalents<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,227,555<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,526,591<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accounts receivable, less allowance of $28,492 and $29,634, respectively<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">584,638<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">568,936<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Prepaid expenses<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">739,793<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">528,250<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other current assets<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">49,463<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">49,774<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total current assets<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,601,449<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,673,551<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Property, plant and equipment<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Land, buildings and improvements<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">858,667<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">838,545<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Computer equipment and capitalized software<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">543,459<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">524,571<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Furniture and other equipment<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">275,204<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">256,765<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Construction in progress<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">124,284<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">125,430<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,801,614<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,745,311<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Less accumulated depreciation<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,019,448<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">993,775<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">782,166<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">751,536<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Intangible assets<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Definite-lived intangible assets, net<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">820,727<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">812,031<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Indefinite-lived intangible assets<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">368,798<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">368,766<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Goodwill<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,724,113<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,747,088<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other long-term assets<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">526,264<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">411,294<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total assets<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,823,517<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen40\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,764,266<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>LIABILITIES AND EQUITY<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Current liabilities<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accounts payable, client accounts<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">856,158<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">726,475<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accounts payable<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">68,263<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55,030<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accrued expenses<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">707,811<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">781,494<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Deferred revenue<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,796,015<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">804,973<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Current portion of long-term debt, net<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">59,943<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">53,317<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other current liabilities<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">51,141<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">39,055<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total current liabilities<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,539,331<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,460,344<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Long-term debt, net<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,258,820<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,259,736<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Deferred income taxes<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">203,206<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">197,811<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other long-term liabilities<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">143,277<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">149,791<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Commitments and contingent liabilities<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Redeemable noncontrolling interests<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">338,316<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">347,068<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Stockholders&#8217; equity<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Common stock<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,047<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,034<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Additional paid-in capital<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,393,242<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,381,011<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accumulated deficit<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,106,450)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,073,457)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cost of shares held in treasury<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(6,865)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(6,865)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accumulated other comprehensive loss<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(165,231)<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(176,707)<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total Live Nation stockholders&#8217; equity<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,116,743<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,126,016<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Noncontrolling interests<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">223,824<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">223,500<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total equity<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,340,567<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,349,516<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total liabilities and equity<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,823,517<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,764,266<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td colspan=\"8\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>LIVE NATION ENTERTAINMENT, INC.<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>CONSOLIDATED STATEMENTS OF OPERATIONS<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>(unaudited)<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"7\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three Months Ended<br \/>\u00a0\u00a0\u00a0 \u00a0March 31,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen42\"><\/td>\n<td colspan=\"3\" class=\"prngen43\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2017<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen44\"><\/td>\n<td colspan=\"3\" class=\"prngen43\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2016<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"7\" class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>(in thousands except share and per share data)<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Revenue<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,413,181<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,207,716<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating expenses:<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Direct operating expenses<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">925,500<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">784,203<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Selling, general and administrative expenses<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">383,308<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">337,214<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Depreciation and amortization<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">100,595<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">94,955<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Loss (gain) on disposal of operating assets<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(659)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">25<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Corporate expenses<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">25,803<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">24,609<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating loss<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(21,366)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(33,290)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest expense<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">26,010<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">25,432<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest income<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(945)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(556)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Equity in earnings of nonconsolidated affiliates<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,340)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(592)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other income, net<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,842)<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(8,547)<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Loss before income taxes<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(41,249)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(49,027)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Income tax expense<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,521<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,927<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net loss<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(47,770)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(55,954)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net loss attributable to noncontrolling interests<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(14,777)<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(11,436)<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net loss attributable to common stockholders of Live Nation<\/span><\/p>\n<\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen45\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(32,993)<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen45\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(44,518)<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Basic and diluted net loss per common share available to common stockholders of Live Nation<\/span><\/p>\n<\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen45\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.22)<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen45\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.29)<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Weighted average common shares outstanding:<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnml20\"><span class=\"prnews_span\">Basic and diluted<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">203,730,897<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">201,696,142<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prnsbts prnsbr1 prnvab prnsbb1 prntar prnpl6 prnsbls prnpr8\"><\/td>\n<td colspan=\"3\" class=\"prngen37\"><\/td>\n<td class=\"prngen37\"><\/td>\n<td colspan=\"3\" class=\"prngen39\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Reconciliation to net loss available to common stockholders of Live Nation:<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen32\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net loss attributable to common stockholders of Live Nation<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(32,993)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(44,518)<\/span><\/p>\n<\/td>\n<td class=\"prngen32\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accretion of redeemable noncontrolling interests<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(12,577)<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(13,336)<\/span><\/p>\n<\/td>\n<td class=\"prngen34\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Basic and diluted net loss available to common stockholders of Live Nation<\/span><\/p>\n<\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen45\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(45,570)<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen45\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(57,854)<\/span><\/p>\n<\/td>\n<td class=\"prnsbt1 prnrbrs prnvab prnsbbd prntar prnpl6 prnsbl1 prnpr8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prnsbt1 prnsbr1 prnvab prnsbbs prntar prnpl6 prnsbls prnpr8\"><\/td>\n<td colspan=\"3\" class=\"prngen33\"><\/td>\n<td class=\"prngen33\"><\/td>\n<td colspan=\"3\" class=\"prngen34\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p><\/p>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td colspan=\"8\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>LIVE NATION ENTERTAINMENT, INC.<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>CONSOLIDATED STATEMENTS OF CASH FLOWS<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>(unaudited)<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" class=\"prngen42\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen42\"><\/td>\n<td colspan=\"7\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three Months Ended<br \/>March 31,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen42\"><\/td>\n<td colspan=\"3\" class=\"prngen43\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2017<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen44\"><\/td>\n<td colspan=\"3\" class=\"prngen43\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2016<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen42\"><\/td>\n<td colspan=\"7\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>(in thousands)<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>CASH FLOWS FROM OPERATING ACTIVITIES<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net loss<\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(47,770)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(55,954)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Reconciling items:<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Depreciation<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">35,912<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">33,069<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Amortization<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">64,683<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">61,886<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Deferred income tax expense (benefit)<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,203)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,698)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Amortization of debt issuance costs, discounts and premium, net<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,121<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,591<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Non-cash compensation expense<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,936<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,923<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other, net<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">492<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,621<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Increase in accounts receivable<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(6,558)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(16,878)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Increase in prepaid expenses and other assets<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(312,483)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(305,294)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Increase in accounts payable, accrued expenses and other liabilities<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">56,600<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">79,094<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Increase in deferred revenue<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">959,971<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">707,038<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net cash provided by operating activities<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">760,701<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">517,398<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>CASH FLOWS FROM INVESTING ACTIVITIES<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Investments made in nonconsolidated affiliates<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(10,608)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(5,165)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Purchases of property, plant and equipment<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(58,881)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(30,681)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash paid for acquisitions, net of cash acquired<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(4,700)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(43,378)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other, net<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(838)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(6,520)<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net cash used in investing activities<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen49\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(75,027)<\/span><\/p>\n<\/td>\n<td class=\"prngen50\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(85,744)<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>CASH FLOWS FROM FINANCING ACTIVITIES<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"3\" class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Payments on long-term debt<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(11,775)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(9,764)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Distributions to noncontrolling interests<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(12,227)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(15,462)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Proceeds from exercise of stock options<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">21,628<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">679<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Payments for deferred and contingent consideration<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,074)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(15,678)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other, net<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,618)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(13,064)<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net cash used in financing activities<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen49\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(5,066)<\/span><\/p>\n<\/td>\n<td class=\"prngen50\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen49\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(53,289)<\/span><\/p>\n<\/td>\n<td class=\"prngen50\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Effect of exchange rate changes on cash and cash equivalents<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">20,356<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">17,791<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net increase in cash and cash equivalents<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">700,964<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">396,156<\/span><\/p>\n<\/td>\n<td class=\"prngen31\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash and cash equivalents at beginning of period<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,526,591<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,303,125<\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash and cash equivalents at end of period<\/span><\/p>\n<\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,227,555<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<td class=\"prngen31\"><\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,699,281<\/span><\/p>\n<\/td>\n<td class=\"prngen41\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<p>Logo &#8211; <a target=\"_blank\" href=\"http:\/\/mma.prnewswire.com\/media\/466331\/Live_Nation_Entertainment_Logo.jpg\" rel=\"nofollow\">http:\/\/mma.prnewswire.com\/media\/466331\/Live_Nation_Entertainment_Logo.jpg<\/a> <\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">LOS ANGELES<\/span>, May\u00a04, 2017 \/PRNewswire-HISPANIC PR WIRE\/ &#8212;<\/p>\n<p><b>Highlights (year-over-year):<\/b><\/p>\n<ul type=\"disc\">\n<li><b>Revenue Up 17% for the Quarter to <span class=\"xn-money\">$1.4 Billion<\/span><\/b>\n<\/li>\n<li><b>Operating Income Improves 36% for the Quarter to <span class=\"xn-money\">$(21) Million<\/span><\/b>\n<\/li>\n<li><b>Adjusted Operating Income Up 25% for the Quarter to <span class=\"xn-money\">$92 Million<\/span><\/b>\n<\/li>\n<li><b>Concert Ticket Sales for 2017 Shows of 46 Million, Up 25% through&#8230;<br \/>\n","protected":false},"author":1,"featured_media":52425,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-52424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entretenimiento"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/52424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=52424"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/52424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/52425"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=52424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=52424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=52424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}