Live Nation Entertainment Inc (LYV)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 5,827,470 | 5,457,060 | 4,343,730 | 1,912,460 | 458,778 |
| Revenue | US$ in thousands | 23,155,600 | 22,749,100 | 16,681,300 | 6,268,450 | 1,861,180 |
| Gross profit margin | 25.17% | 23.99% | 26.04% | 30.51% | 24.65% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $5,827,470K ÷ $23,155,600K
= 25.17%
Live Nation Entertainment Inc's gross profit margin has shown fluctuations over the past five years.
- In December 2020, the gross profit margin stood at 24.65%, indicating that for every dollar of revenue generated, the company retained approximately $0.25 after accounting for the cost of goods sold.
- By the end of December 2021, the gross profit margin had improved to 30.51%, suggesting an increase in efficiency and profitability.
- However, in December 2022, the gross profit margin decreased to 26.04%, potentially signaling challenges in managing production or purchasing costs.
- The trend continued in December 2023 when the gross profit margin declined further to 23.99%, potentially highlighting operational pressures impacting profitability.
- In December 2024, the gross profit margin slightly improved to 25.17%, indicating a modest recovery but still below the level seen in December 2021.
Overall, Live Nation Entertainment Inc's gross profit margin trend suggests variable operational efficiency and cost management strategies over the analyzed period. Continued monitoring and potential adjustments may be necessary to enhance profitability and sustainability.
Peer comparison
Dec 31, 2024