SEGMENT DATA Segment Data (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Results of Operations Related to Reportable Segments of the Entity

The following table presents the results of operations for our reportable segments for the three and nine months ended September 30, 2021 and 2020:

	Concerts		Ticketing		Sponsorship & Advertising		Other		Corporate		Eliminations		Consolidated
	(in thousands)
Three Months Ended September 30, 2021
Revenue	$	2,151,596	$	374,237	$	174,449	$	543	$	—	$	(2,103)	$	2,698,722
Direct operating expenses	1,822,537		111,197		38,281		—		—		(2,103)		1,969,912
Selling, general and administrative expenses	303,378		116,796		26,247		508		—		—		446,929

	Concerts		Ticketing		Sponsorship & Advertising		Other		Corporate		Eliminations		Consolidated
	(in thousands)
Depreciation and amortization	59,541		32,040		7,166		10		2,478		—		101,235
Loss (gain) on disposal of operating assets	(1,098)		(66)		—		—		16		—		(1,148)
Corporate expenses	—		—		—		—		44,649		—		44,649
Operating income (loss)	$	(32,762)	$	114,270	$	102,755	$	25	$	(47,143)	$	—	$	137,145
Intersegment revenue	$	1,473	$	630	$	—	$	—	$	—	$	(2,103)	$	—
Three Months Ended September 30, 2020
Revenue	$	154,791	$	(19,822)	$	47,927	$	806	$	—	$	316	$	184,018
Direct operating expenses	113,283		8,503		8,647		—		—		316		130,749
Selling, general and administrative expenses	257,131		126,518		18,891		3,394		—		—		405,934
Depreciation and amortization	65,794		42,565		6,634		2,192		2,753		—		119,938
Loss (gain) on disposal of operating assets	208		(1)		—		1		—		—		208
Corporate expenses	—		—		—		—		31,630		—		31,630
Operating income (loss)	$	(281,625)	$	(197,407)	$	13,755	$	(4,781)	$	(34,383)	$	—	$	(504,441)
Intersegment revenue	$	(286)	$	(30)	$	—	$	—	$	—	$	316	$	—
Nine Months Ended September 30, 2021
Revenue	$	2,677,970	$	646,560	$	241,657	$	2,173	$	—	$	(3,083)	$	3,565,277
Direct operating expenses	2,108,617		188,330		53,134		—		—		(3,083)		2,346,998
Selling, general and administrative expenses	713,922		317,451		65,046		2,257		—		—		1,098,676
Depreciation and amortization	180,877		103,406		21,837		32		7,606		—		313,758
Loss (gain) on disposal of operating assets	(988)		(66)		—		—		16		—		(1,038)
Corporate expenses	—		—		—		—		100,195		—		100,195
Operating income (loss)	$	(324,458)	$	37,439	$	101,640	$	(116)	$	(107,817)	$	—	$	(293,312)
Intersegment revenue	$	1,473	$	1,610	$	—	$	—	$	—	$	(3,083)	$	—
Capital expenditures	$	59,367	$	30,627	$	4,930	$	—	$	15,315	$	—	$	110,239
Nine Months Ended September 30, 2020
Revenue	$	1,290,007	$	177,436	$	156,560	$	2,407	$	—	$	(2,615)	$	1,623,795
Direct operating expenses	1,046,405		120,967		34,369		—		—		(2,615)		1,199,126
Selling, general and administrative expenses	762,961		411,875		59,661		8,810		—		—		1,243,307
Depreciation and amortization	202,352		125,054		21,766		6,630		8,983		—		364,785
Loss on disposal of operating assets	896		—		—		1		—		—		897
Corporate expenses	—		—		—		—		80,858		—		80,858
Operating income (loss)	$	(722,607)	$	(480,460)	$	40,764	$	(13,034)	$	(89,841)	$	—	$	(1,265,178)
Intersegment revenue	$	811	$	1,804	$	—	$	—	$	—	$	(2,615)	$	—
Capital expenditures	$	98,790	$	58,515	$	4,709	$	—	$	6,239	$	—	$	168,253