LYV Q3 2025 Investor Summary
- Strong Performance: Q3 Revenue $8.5B (+11% YoY); Operating Income +24%. 9M Revenue $18.9B (+8%). All segments showed growth; Concerts led by international stadium activity.
- Liquidity & Debt Management (Subsequent Events):
- Issued $1.4 Billion in 2.875% Convertible Senior Notes (Oct 2025).
- Intends to use proceeds to redeem all 2026 Notes and repay outstanding credit facilities.
- Refinanced credit agreement (Oct 2025), imposing a new covenant: Max Consolidated Net Debt/EBITDA ranging from 6.75x to 5.25x (first meas