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SEGMENT DATA Segment Data (Tables)
6 Months Ended
Jun. 30, 2022
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 six months ended June 30, 2022 and 2021:
ConcertsTicketingSponsorship
& Advertising
Other & EliminationsCorporateConsolidated
(in thousands)
Three Months Ended June 30, 2022
Revenue$3,597,761 $575,305 $263,786 $(2,678)$— $4,434,174 
Intersegment revenue$1,575 $1,646 $— $(3,221)$— $— 
AOI$122,944 $230,759 $178,304 $(2,027)$(50,381)$479,599 
Three Months Ended June 30, 2021
Revenue$286,958 $244,001 $44,561 $426 $— $575,946 
Intersegment revenue$(591)$980 $— $(389)$— $— 
AOI$(84,049)$99,416 $13,028 $(1,223)$(17,520)$9,652 
Six Months Ended June 30, 2022
Revenue$4,805,586 $1,055,704 $379,475 $(3,783)$— $6,236,982 
Intersegment revenue$2,227 $2,912 $— $(5,139)$— $— 
AOI$73,778 $436,979 $248,004 $(6,407)$(63,716)$688,638 
Six Months Ended June 30, 2021
Revenue$526,374 $272,323 $67,208 $650 $— $866,555 
Intersegment revenue$— $980 $— $(980)$— $— 
AOI$(158,588)$36,664 $16,544 $(3,445)$(33,267)$(142,092)
Reconciliation of AOI to Operating Income (Loss)
The following table sets forth the reconciliation of consolidated AOI to operating income (loss) for the three and six months ended June 30, 2022 and 2021:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
(in thousands)
AOI$479,599 $9,652 $688,638 $(142,092)
Acquisition expenses9,543 2,381 21,620 (5,843)
Amortization of non-recoupable ticketing contract advance21,865 18,107 40,392 28,728 
Depreciation and amortization115,927 103,647 216,396 212,523 
Loss (gain) on sale of operating assets1,065 (28)2,730 110 
Stock-based compensation expense12,500 12,830 61,741 52,847 
Operating income (loss)$318,699 $(127,285)$345,759 $(430,457)