LYV · 10-Q · 2026Q3 · Full report

Capital Expenditure Program

Live Nation Entertainment, Inc. · 2026-11-05 · Importance 36 · Surprise 14 · In source text

Capital expenditures for the nine months ended September 30, 2026 totaled $722.389 million, up from $680.819 million in the prior-year period. Revenue-generating expenditures rose to $628.126 million from $600.992 million, primarily due to venue expansion and enhancements across North America, Latin America, and Europe. Maintenance expenditures were $94.263 million, compared with $79.827 million a year earlier. Live Nation expected gross 2026 capital expenditures of approximately $1.1 billion, with about 85% devoted to revenue-generating projects, including $800 million for venue expansion and enhancements; approximately $200 million was expected to be funded by third parties and project-based sources.

Key facts

• Live Nation expects gross capital expenditures of approximately $1.1 billion for the year ending December 31, 2026, with approximately 85% dedicated to revenue-generating projects, including $800 million for venue expansion and enhancement plans. source
• Approximately $200 million of Live Nation’s estimated capital expenditures is funded outside its cash flow through third-party equity partners, sponsors, pre-selling certain premium rights, and project-based debt. source
• Live Nation’s Concerts operating income for the first nine months of 2026 was reduced by $55.8 million of higher depreciation and amortization related to its ongoing venue build and upgrade program. source
• Live Nation’s revenue-generating capital expenditures in the first nine months of 2026 increased from the same period in 2025, primarily due to venue expansion and enhancements across North America, Latin America, and Europe. source

Impact estimates