Live Nation Entertainment Inc (LYV)

Operating profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Operating income US$ in thousands 1,066,200 732,118 -417,858 -1,653,190 324,844
Revenue US$ in thousands 22,749,100 16,681,300 6,268,450 1,861,180 11,548,000
Operating profit margin 4.69% 4.39% -6.67% -88.82% 2.81%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $1,066,200K ÷ $22,749,100K
= 4.69%

The operating profit margin of Live Nation Entertainment Inc has shown fluctuating trends over the past five years based on the provided data.

In 2019, the company's operating profit margin was relatively healthy at 2.79%, indicating that the company was able to generate a reasonable profit from its core operations. However, in 2020, the operating profit margin plummeted significantly to -89.09%, suggesting that the company suffered substantial losses in that year.

The situation improved in 2021 when the operating profit margin was -6.65%, indicating a reduction in losses compared to the previous year. By 2022, there was further improvement with the operating profit margin rising to 4.20%, indicating a return to profitability.

In the most recent year, 2023, Live Nation Entertainment Inc recorded an operating profit margin of 4.60%, showing a slight increase compared to the previous year. This improvement suggests that the company was able to enhance its operational efficiency and profitability during this period.

Overall, Live Nation Entertainment Inc has shown a mix of profitability and loss in recent years, with efforts to enhance operational performance reflected in the improved operating profit margins observed in 2022 and 2023.


Peer comparison

Dec 31, 2023

Company name
Symbol
Operating profit margin
Live Nation Entertainment Inc
LYV
4.69%
Six Flags Entertainment Corporation
FUN
19.27%
TKO Group Holdings Inc.
TKO
26.67%
Warner Music Group
WMG
13.44%