Live Nation Entertainment Inc (LYV)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,289,429 | 1,225,851 | 1,080,257 | 1,013,718 | 881,869 | 927,859 | 578,316 | 109,133 | -227,097 | -534,166 | -1,187,415 | -1,654,276 | -1,533,509 | 1,695,943 | 2,472,948 | 3,251,796 | 3,418,570 | 3,120,480 | 3,102,708 | 3,057,421 |
| Revenue (ttm) | US$ in thousands | 22,749,070 | 21,200,870 | 19,202,390 | 18,005,840 | 16,681,260 | 15,093,690 | 11,638,870 | 7,780,646 | 6,268,445 | 3,802,658 | 1,287,956 | 786,094 | 1,861,175 | 4,513,242 | 8,102,904 | 11,185,830 | 11,547,970 | 11,260,380 | 11,321,950 | 11,033,260 |
| Gross profit margin | 5.67% | 5.78% | 5.63% | 5.63% | 5.29% | 6.15% | 4.97% | 1.40% | -3.62% | -14.05% | -92.19% | -210.44% | -82.39% | 37.58% | 30.52% | 29.07% | 29.60% | 27.71% | 27.40% | 27.71% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,289,429K ÷ $22,749,070K
= 5.67%
The gross profit margin of Live Nation Entertainment Inc has shown fluctuating trends over the past eight quarters. In Q4 2022, the company achieved a perfect gross profit margin of 100%, which decreased to 86.69% in Q3 2022 and further declined to 65.81% in Q2 2022. However, there was a significant improvement in the gross profit margin in Q1 2023, reaching 88.25%.
Subsequently, in Q2 2023, Live Nation Entertainment Inc witnessed a notable increase in its gross profit margin to 67.29%, followed by a further rise to 40.52% in Q3 2023. However, the most recent data available for Q4 2023 shows a decrease in the gross profit margin to 23.99%.
The fluctuating gross profit margin indicates variability in the company's ability to generate profit from its core business activities. A high gross profit margin signifies efficiency in operations and pricing strategies, while a low margin may indicate challenges in managing production costs or pricing products effectively. Further analysis and comparison with industry benchmarks would provide more insights into Live Nation Entertainment Inc's financial performance and market competitiveness.
Peer comparison
Dec 31, 2023