LYV · 10-Q · 2026Q3 · Full report

FX / Currency Impact

Live Nation Entertainment, Inc. · 2026-11-05 · Importance 13 · Surprise 6

For the nine months ended September 30, 2026, reported revenue included a negative $201.5 million currency impact, compared with constant-currency revenue of $21.36 billion. In the same period, the Company recorded $1.9 million of net foreign-exchange gains, compared with $59.2 million of net foreign-exchange losses in the prior-year period. These disclosures indicate that currency movements affected reported revenue and reversed the prior-year net FX loss.

Key facts

• At September 30, 2026, Live Nation had outstanding forward currency contracts with an aggregate notional amount of $445.0 million to reduce foreign-currency risk associated with short-term artist fee commitments. source
• Live Nation’s foreign operations reported operating income of $777.2 million for the nine months ended September 30, 2026; the company estimates a 10% change in the U.S. dollar’s value relative to foreign currencies would change operating income by $77.7 million. source
• Live Nation’s foreign-exchange result was a $1.9 million net gain in the first nine months of 2026, compared with $59.2 million of net foreign-exchange losses in the first nine months of 2025. source
• As of September 30, 2026, Live Nation’s most significant foreign exchange exposures included the Euro, British Pound, Australian Dollar, Canadian Dollar, and Mexican Peso. source
• Hyper-inflationary currencies did not have a material impact on Live Nation’s statement of operations for the three and nine months ended September 30, 2026 and 2025. source