本新闻稿中的某些声明,包括随后的补充信息,构成1995年《私人证券诉讼改革法案》(Private Securities Litigation Reform Act of 1995)的“前瞻性声明”。这些前瞻性声明包括但不限于以下内容:未来将会有更多增长,势头持续增强;2024年一次性预提对营业收入的影响,以及公司预期全年调整后营业收入增长率将达到两位数;公司的演唱会管道和2025年的赞助承诺;预计演唱会2024年调整后营业收入利润率将达到疫情前水平;预计2024年Venue Nation粉丝数量;公司计划通过2025年新增或翻新14个额外的场馆,并期待这些以及2024年公司场馆组合的增强将使容量增加约800万名粉丝;预计Ticketmaster全年调整后营业收入利润率将与2023年类似;Ticketmaster为持续增长做好位置;公司预期全年2024年赞助与广告调整后营业收入利润率与2023年类似,并因全球合作伙伴关系而使业务处于持续增长的位置;2024年预计的资本支出,由Venue Nation推动,以及第三方承诺的资本金额;公司预期全年2024年调整后营业收入到自由现金流调整转换将与历史水平保持一致;公司预期截至目前为止收入、营业收入和调整后营业收入约1%的外汇影响将在2024年第四季度加剧,尤其是由于接触到拉丁美洲货币,可能会使第四季度营业收入增加超过30%,调整后营业收入增加中等百分比;以及2024年股份数量的预期。
Live Nation希望提醒您,存在一些已知和未知的因素,可能会导致实际结果与任何未来结果、业绩或成就所表达或暗示的前瞻性声明存在实质上的差异,包括但不限于在实现战略目标和执行公司计划方面存在的运营挑战,公司市场未按预期发展的风险,任何经济放缓的潜在影响,以及与售票和举办活动相关的运营挑战。
Live Nation refers you to the documents it files from time to time with the U.S. Securities and Exchange Commission, or SEC, specifically the section titled “Item 1A. Risk Factors” of the company’s most recent Annual Report filed on Form 10-k, and Quarterly Reports on Form 10-Q and its Current Reports on Form 8-k, which contain and identify other important factors that could cause actual results to differ materially from those contained in the company’s projections or forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date on which they are made. All subsequent written and oral forward-looking statements by or concerning Live Nation are expressly qualified in their entirety by the cautionary statements above. Live Nation does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.
This press release contains certain non-GAAP financial measures as defined by SEC Regulation G. A reconciliation of each such measure to its most directly comparable GAAP financial measure, together with an explanation of why management believes that these non-GAAP financial measures provide useful information to investors, is provided herein.
Adjusted Operating Income (Loss), or AOI, is a non-GAAP financial measure that we define as operating income (loss) before certain acquisition expenses (including ongoing legal costs stemming from the Ticketmaster merger, changes in the fair value of accrued acquisition-related contingent consideration obligations, and acquisition-related severance and compensation), amortization of non-recoupable ticketing contract advances, depreciation and amortization (including goodwill impairment), loss (gain) on disposal of operating assets, and stock-based compensation expense. We also exclude from AOI the impact of estimated or realized liabilities for settlements or damages arising out of the Astroworld matter that exceed our estimated insurance recovery, due to the significant and non-recurring nature of the matter. Ongoing legal costs associated with defense of these claims, such as attorney fees, are not excluded from AOI. We use AOI to evaluate the performance of our operating segments. We believe that information about AOI assists investors by allowing them to evaluate changes in the operating results of our portfolio of businesses separate from non-operational factors that affect net income (loss), thus providing insights into both operations and the other factors that affect reported results. AOI is not calculated or presented in accordance with GAAP. A limitation of the use of AOI as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in our business. Accordingly, AOI should be considered in addition to, and not as a substitute for, operating income (loss), net income (loss), and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, AOI as presented herein may not be comparable to similarly titled measures of other companies.