Why is my WP Query not returning first result’s post meta?

    $show_date = get_field('show_date');
    $show_venue = get_field('show_venue');

    // print '<pre>';
    // print_r($show_date);
    // print '</pre>';

    $query->the_post();

You are setting the active post AFTER getting the values.

Put $query->the_post() always at the top of that while loop, so that the other functions can rely on the global $post variable being set correctly.

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