Live Nation Entertainment (LYV) investor relations material

Industry growth outlook

• Live music industry remains in early stages of global expansion, with significant growth potential outside the U.S. and Western Europe.

• Latin America, Japan, and other international markets are far below U.S. activity levels, offering substantial runway.

• Globalization of artists and audiences, and the shift from goods to experiences, continue to drive demand.

• Over half of fans now come from international markets, with developed markets still growing.

• Developed markets like the U.S. and U.K. continue to show strong performance.

Company growth strategy

• Focus on increasing the number of shows and fans, targeting 225 million fans from a current base of 175 million.

• Optimizing show sell-through and grosses to encourage more artists to tour and expand into new markets.

• Investing in Venue Nation strategy to build or acquire modern arenas, especially in underserved international cities.

• Venue Nation provides both attractive returns and critical infrastructure for further growth.

• Emphasis on expanding global marketplace rather than taking share from competitors.

Supply and demand dynamics

• Artist supply is robust and increasingly global, with non-English speaking artists now comprising 30% of top tours.

• Digital platforms enable artists to reach niche audiences more effectively, fueling supply.

• All major venue types (amphitheaters, arenas, stadiums) are up mid-teens globally, with 2/3 of growth from international markets.

• Ticket sales are up 12% year-on-year, with no signs of demand deceleration or increased cancellations.

• Pricing remains sensitive to affordability, with efforts to keep a portion of tickets accessible.