LYV · 10-Q · 2026Q3 · Full report

Income Tax Rate Changes

Live Nation Entertainment, Inc. · 2026-11-05 · Importance 19 · Surprise 22

For the first nine months of 2026, income tax expense declined $47.5 million, or about 12%, to $341.7 million from $389.2 million. Pretax income fell to $931.4 million from $1.2 billion, primarily accounting for the lower tax expense. The nondeductible tax impact of the $450 million governmental investigations and litigation accrual partially offset that decrease.

Key facts

• Live Nation recorded $341.7 million of net income tax expense on $931.4 million of pretax income for the first nine months of 2026, versus $389.2 million on $1.2 billion of pretax income in 2025; the $47.5 million tax-expense decrease was primarily due to lower pretax income, partly offset by the nondeductible tax impact of the governmental investigations and litigation accrual. source