Live Nation Entertainment Inc (LYV)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,289,430 | 869,792 | -227,088 | -1,574,190 | 464,510 |
| Revenue | US$ in thousands | 22,749,100 | 16,681,300 | 6,268,450 | 1,861,180 | 11,548,000 |
| Gross profit margin | 5.67% | 5.21% | -3.62% | -84.58% | 4.02% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,289,430K ÷ $22,749,100K
= 5.67%
The gross profit margin of Live Nation Entertainment Inc has shown variability over the past five years based on the data provided. In 2023, the gross profit margin was 23.99%, indicating that the company retained approximately 23.99% of its revenue after accounting for the cost of goods sold.
The significant drop in gross profit margin from 2022, where it was 100.00%, could suggest potential changes in the cost structure or pricing strategies of the company during that period. The decrease in 2021 to 30.51% might indicate increased costs relative to revenue during that period.
It's noteworthy that in 2020 and 2019, the company reported gross profit margins of 100.00%, implying that Live Nation Entertainment Inc was able to effectively control its costs and generate profit equal to its revenue in those years.
Further analysis and comparison with industry benchmarks and trends over time could provide deeper insights into the factors influencing Live Nation Entertainment Inc's gross profit margins and its overall financial performance.
Peer comparison
Dec 31, 2023