EQUITY Equity (Tables)

9 Months Ended

Sep. 30, 2025

The following table presents changes in the components of AOCI, net of taxes, for the nine months ended September 30, 2025:


	Cash Flow Hedge		Cumulative Foreign Currency Translation Adjustments		Total
	(in thousands)
Balance at December 31, 2024	$	21,518	$	(356,630)	$	(335,112)
Other comprehensive income (loss) before reclassifications	(826)		187,410		186,584
Amount reclassified from AOCI	(10,363)		—		(10,363)
Net other comprehensive income (loss)	(11,189)		187,410		176,221
Balance at September 30, 2025	$	10,329	$	(169,220)	$	(158,891)

The following table sets forth the computation of weighted average common shares outstanding:


	Three Months Ended September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024

Weighted average common shares—basic	232,043,356	230,374,307	231,706,216	229,923,989
Effect of dilutive securities:
Stock options and restricted stock	2,708,976	1,941,001	2,891,759	2,226,003
Convertible senior notes	—	13,004,660	127,830	3,778,760
Weighted average common shares—diluted	234,752,332	245,319,968	234,725,805	235,928,752

The following table shows securities excluded from the calculation of diluted net income per common share because such securities are anti-dilutive:


	Three Months Ended September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024
Options to purchase shares of common stock	—	—	—	3,750
Restricted stock and deferred stock—unvested	549,099	2,147,167	549,539	2,162,662

Conversion shares related to the convertible senior notes	14,946,450	—	14,946,450	9,225,900
Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding	15,495,549	2,147,167	15,495,989	11,392,312

Live Nation Entertainment, Inc. 10-Q