v3.26.1
LONG-LIVED ASSETS
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Property, Plant, and Equipment and Intangible Assets LONG-LIVED ASSETS, INTANGIBLES, AND GOODWILL
Property, Plant and Equipment, Net
Property, plant and equipment includes expenditures for the construction of new venues, major renovations to existing buildings or buildings that are being added to our venue network, the development of new ticketing tools and technology enhancements, along with the renewal and improvement of existing venues and technology systems, web development and administrative offices. For certain projects with significant expected costs and an extended construction period, we capitalize interest. For the six months ended June 30, 2026, we recorded $13.0 million of capitalized interest.
Property, plant and equipment, net consisted of the following:
June 30, 2026December 31, 2025
(in thousands)
Land, buildings and improvements$3,387,962 $2,873,491 
Computer equipment and capitalized software846,817 815,403 
Furniture and other equipment1,077,401 952,651 
Construction in progress844,281 830,878 
Property, plant and equipment, gross6,156,461 5,472,423 
Less: accumulated depreciation2,192,468 2,056,652 
Property, plant and equipment, net$3,963,993 $3,415,771 
Definite-lived Intangible Assets
The following table presents the changes in the gross carrying amount and accumulated amortization of definite-lived intangible assets for the six months ended June 30, 2026:
Revenue-
generating
contracts		Client /
vendor
relationships		Venue
management		Trademarks
and naming rights
Technology
and other (1)
Total
(in thousands)
Balance as of December 31, 2025:
Gross carrying amount
$786,202 $731,488 $242,430 $103,289 $51,406 $1,914,815 
Accumulated amortization
(335,483)(334,693)(91,472)(52,658)(22,056)(836,362)
Net450,719 396,795 150,958 50,631 29,350 1,078,453 
Gross carrying amount:
Acquisitions and additions current year
92,410 93,843 74,017 — — 260,270 
Acquisitions and additions prior year
205 1,015 (559)— 1,901 2,562 
Dispositions(9,274)— — — — (9,274)
Foreign exchange11,837 (513)(1,067)2,236 110 12,603 
Other (2)
(23,595)(38,638)(8,391)(571)(22,680)(93,875)
Net change71,583 55,707 64,000 1,665 (20,669)172,286 
Accumulated amortization:
Amortization
(48,548)(60,883)(16,148)(6,252)(4,861)(136,692)
Dispositions3,993 — — — — 3,993 
Foreign exchange(3,875)2,457 617 (1,097)(9)(1,907)
Other (2)
23,538 38,631 8,193 564 18,929 89,855 
Net change(24,892)(19,795)(7,338)(6,785)14,059 (44,751)
Balance as of June 30, 2026:
Gross carrying amount
857,785 787,195 306,430 104,954 30,737 2,087,101 
Accumulated amortization
(360,375)(354,488)(98,810)(59,443)(7,997)(881,113)
Net$497,410 $432,707 $207,620 $45,511 $22,740 $1,205,988 
__________________
(1) Other primarily includes crypto assets.
(2) Other primarily includes netdowns of fully amortized or impaired assets as well as mark-to-market adjustments of crypto assets.
Included in the current year acquisitions amounts above are definite-lived intangible assets primarily associated with the acquisitions of a venue management business and a concert promotion business, both located in Latin America, a ticketing services business located in Asia and an artist management business located in the United States. We are in various stages of finalizing our acquisition accounting for recent acquisitions, which may include the use of external valuation consultants, and the completion of this accounting could result in a change to the associated purchase price allocations, including intangible assets and our allocation between segments.
The 2026 acquisitions and additions to definite-lived intangible assets had weighted-average lives as follows:
Weighted-Average
Life (years)
Revenue-generating contracts6
Client/vendor relationships5
Venue management30
All categories12
Amortization of definite-lived intangible assets for the three months ended June 30, 2026 and 2025 was $67.0 million and $64.7 million, respectively and for the six months ended June 30, 2026 and 2025 was $136.7 million and $124.7 million, respectively. As acquisitions and dispositions occur in the future and the valuations of intangible assets for recent acquisitions are completed, amortization expense may vary.
Goodwill
The following table presents the changes in the carrying amount of goodwill in each of our reportable segments for the six months ended June 30, 2026:
ConcertsTicketingSponsorship
& Advertising		Total
(in thousands)
Balance as of December 31, 2025:
Goodwill $1,615,188 $1,014,580 $694,773 $3,324,541 
Accumulated impairment losses(435,363)— — (435,363)
                 Net1,179,825 1,014,580 694,773 2,889,178 
Acquisitions—current year146,101 — 44,837 190,938 
Acquisitions—prior year635 (144)— 491 
Dispositions(16,449)— — (16,449)
Foreign exchange(7,333)4,406 2,495 (432)
Balance as of June 30, 2026:
Goodwill1,738,142 1,018,842 742,105 3,499,089 
Accumulated impairment losses(435,363)— — (435,363)
                 Net$1,302,779 $1,018,842 $742,105 $3,063,726 
Included in the current year acquisitions amounts above are goodwill primarily associated with the acquisitions of venue management businesses in Latin America and Europe.
We are in various stages of finalizing our acquisition accounting for recent acquisitions, which may include the use of external valuation consultants, and the completion of this accounting could result in a change to the associated purchase price allocations, including goodwill and our allocation between segments.
Investments in Nonconsolidated Affiliates
At June 30, 2026 and December 31, 2025, we had investments in nonconsolidated affiliates of $736.3 million and $515.6 million, respectively, included in other long-term assets on our consolidated balance sheets.