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

Company name
Symbol
Gross profit margin
Live Nation Entertainment Inc
LYV
5.67%
Six Flags Entertainment Corporation
FUN
34.51%
TKO Group Holdings Inc.
TKO
54.91%
Warner Music Group
WMG
10.05%