Live Nation Entertainment Inc (LYV)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,066,203 | 1,027,789 | 915,506 | 847,834 | 732,118 | 727,462 | 358,358 | -87,626 | -417,858 | -681,326 | -1,322,912 | -1,783,694 | -1,653,192 | -1,348,098 | -583,616 | 176,037 | 324,844 | 317,386 | 291,564 | 254,703 |
| 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 |
| Operating profit margin | 4.69% | 4.85% | 4.77% | 4.71% | 4.39% | 4.82% | 3.08% | -1.13% | -6.67% | -17.92% | -102.71% | -226.91% | -88.83% | -29.87% | -7.20% | 1.57% | 2.81% | 2.82% | 2.58% | 2.31% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,066,203K ÷ $22,749,070K
= 4.69%
The operating profit margin of Live Nation Entertainment Inc has demonstrated some fluctuations in recent quarters. In Q4 2023, the operating profit margin was 4.60%, which showed a slight decrease compared to the previous quarter at 4.81% in Q3 2023. Overall, the company has maintained a relatively stable operating profit margin above 4% throughout the periods presented.
Looking back at Q2 and Q1 2023, the operating profit margin was 4.55% and 4.52% respectively, indicating consistency in profitability levels. However, there was a notable improvement compared to the same periods in 2022, where the operating profit margin ranged from 3.11% in Q2 2022 to -1.09% in Q1 2022.
It seems that Live Nation Entertainment Inc has generally improved its operational efficiency and performance in generating profits over the analyzed periods, with a positive trend in the recent quarters. Despite some fluctuations, the company has managed to maintain a healthy operating profit margin, reflecting effective cost management and revenue generation strategies.
Peer comparison
Dec 31, 2023