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