Live Nation Entertainment Inc (LYV)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 563,280 | 295,986 | -650,904 | -1,724,540 | 69,889 |
| Revenue | US$ in thousands | 22,749,100 | 16,681,300 | 6,268,450 | 1,861,180 | 11,548,000 |
| Net profit margin | 2.48% | 1.77% | -10.38% | -92.66% | 0.61% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $563,280K ÷ $22,749,100K
= 2.48%
The net profit margin of Live Nation Entertainment Inc has exhibited fluctuations over the past five years. In 2023, the net profit margin stands at 1.39%, showing a slight decrease from the previous year's 1.77%. However, this margin is an improvement compared to the significant negative figures reported in 2021 (-10.38%) and 2020 (-92.66%). The company experienced a marginal improvement in profitability in 2019 with a net profit margin of -0.04%.
The negative net profit margins in 2020 and 2021 indicate that the company incurred substantial losses during those years. The recovery and positive net profit margins in 2022 and 2023 suggest that Live Nation Entertainment Inc has made efforts to enhance its profitability and financial performance. However, the relatively low net profit margins in recent years may indicate the challenges or inefficiencies the company is facing in generating profits compared to its total revenue.
It is important for investors and stakeholders to monitor Live Nation Entertainment Inc's net profit margin closely to assess its efficiency in generating profits from its operations and to gauge its overall financial health.
Peer comparison
Dec 31, 2023