Live Nation Financial Update

LIVE Continued growth runway NATION 2,523 48 -76 ($ Million) Revenue 3,258 AOI FCF 3,766 103 121 56 50 4,099 4,127 149 69 165 59 4,737 363 122 5,024 438 198 5,446 1. FCF CAGR is 2006-2017 2. AOI excludes Songkick settlement impact of $110M 459 227 6,076 505 303 6,414 555 6,776 578 326 332 7,826 640 368 9,688 735 444 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 20172 2018P 2019P 2020P 2005-2017 CAGR LYV S&P Revenue 12% 3% AOI FCF¹ 26% 21% 2% 9% 5

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