Live Nation Entertainment, Inc. (LYV) Q2 2025 Earnings Call Transcript

Live Nation Entertainment, Inc. (NYSE:LYV) Q2 2025 Earnings Conference Call August 7, 2025 5:00 PM ET

Company Participants

Amy Yong – Senior Vice President of Investor Relations
Joe Berchtold – President & CFO
Michael Rapino – President, CEO & Director

Conference Call Participants

Benjamin Soff – Deutsche Bank AG, Research Division
Brandon A Ross – LightShed Partners, LLC
Cameron Mansson-Perrone – Morgan Stanley, Research Division
David Karnovsky – JPMorgan Chase & Co, Research Division
Kutgun Maral – Evercore ISI Institutional Equities, Research Division
Peter John Henderson – BofA Securities, Research Division
Peter Lawler Supino – Wolfe Research, LLC
Stephen Neild Laszczyk – Goldman Sachs Group, Inc., Research Division

Operator

Good afternoon. My name is Joe, and I will be your conference operator today. At this time, I would like to welcome everyone to Live Nation’s Second Quarter 2025 Earnings Call.

I would now like to turn the call over to Ms. Amy Yong. Thank you. Ms. Yong, you may begin.

Amy Yong

Good afternoon, and welcome to the Live Nation Second Quarter 2025 Earnings Conference Call. Joining us today is our President and CEO, Michael Rapino, and our President and CFO, Joe Berchtold.

We would like to remind you that this afternoon’s call will contain certain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ, including statements related to the company’s anticipated financial performance, business prospects, new developments and similar matters. Please refer to Live Nation’s SEC filings, including the risk factors and cautionary statements included in the company’s most recent filings on Forms 10-K, 10-Q and 8-K for a description of risks and uncertainties that could impact the actual results.

Live Nation will also refer to some non-GAAP measures on this call. In accordance with the SEC Regulation G, Live Nation has provided definitions