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

Company name
Symbol
Net profit margin
Live Nation Entertainment Inc
LYV
2.48%
Six Flags Entertainment Corporation
FUN
6.93%
TKO Group Holdings Inc.
TKO
-2.10%
Warner Music Group
WMG
7.31%