Live Nation Entertainment, Inc. (LYV) Q2 2023 Earnings Call Transcript

Live Nation Entertainment, Inc. (NYSE:LYV) Q2 2023 Earnings Conference Call July 27, 2023 5:00 AM ET

Corporate Participants

Michael Rapino - President and Chief Executive Officer

Joe Berchtold - President and Chief Financial Officer

Amy Yong - Head of Investor Relations

Conference Call Participants

Brandon Ross - LightShed Partners

Stephen Laszczyk - Goldman Sachs

David Karnovsky - JPMorgan

Stephen Glagola - TD Cowen

Peter Supino - Wolfe Research

David Katz - Jefferies

Jason Bazinet - Citi

Paul Golding - Macquarie

Cameron Mansoon-Perrone - Morgan Stanley

Matthew Harrigan - Benchmark Company

Operator

Good afternoon. My name is John, and I will be your conference operator today. At this time, I would like to welcome everyone to Live Nation's Second Quarter 2023 Earnings Call. Joining us today from Live Nation, our President and CEO; Michael Rapino, President and CFO, Joe Berchtold, and Head of Investor Relations, Amy Yong.

And I would now like to turn the call over to Mr. Berchtold. Thank you. Mr. Berchtold, you may begin your conference.

Joe Berchtold

Thanks, everyone, for joining us.

As I think you noticed from our earnings release this time based on some feedback that we've gotten on our release and the materials in general. We've switched it up this time to get a little more comprehensive and data-driven in terms of numbers and the facts. So you see an earnings release that we reduced the narrative and increase, if I give you on a more structured basis all the key numbers and then also put a trending schedule that I think there was a link to you can get as a PDF or an Excel file, so you can track this quarter's numbers relative to history to make some of it easier.

So I'll turn it over to Amy to give you a quick reminders, and then Michael and I will go straight into taking questions that folks have. Amy?

Amy Yong

Thanks, Joe.

We would like to remind you that this afternoon's call will contain certain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ, including statements related to the company's anticipated financial performance, business prospects, new developments and similar matters. Please refer to our SEC filings, including the risk factors and cautionary statements included in our most recent filings on Forms 10-K, 10-Q and 8-K for a description of risks and uncertainties that could impact the actual results. We will also refer to some non-GAAP measures on this call. In accordance with the SEC Regulation G, we have provided definitions of these measures and a full reconciliation to the most comparable GAAP measures in our earnings release issued earlier today. The release reconciliation can be found under the Financial Information section on our website.