Live Nation Entertainment, Inc.

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 are President and CEO Michael Rapinoe, President and CFO Joe Berktold, and Head of Investor Relations Amy Young. And I would now like to turn the call over to Mr. Berktold. Thank you, Mr. Berktold. You may begin your conference.

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 in earnings release that we reduce the narrative and increase, try to 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 it 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 reminder, and then Michael and I will go straight into taking questions that folks have. Amy?

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 of 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. And with that, we are now ready to take questions. Operator?