Live Nation Entertainment Inc (LYV)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 739,426 | 894,544 | 505,447 | -611,267 | -1,856,660 |
| Revenue | US$ in thousands | 23,155,600 | 22,749,100 | 16,681,300 | 6,268,450 | 1,861,180 |
| Pretax margin | 3.19% | 3.93% | 3.03% | -9.75% | -99.76% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $739,426K ÷ $23,155,600K
= 3.19%
The pretax margin of Live Nation Entertainment Inc has experienced significant fluctuations over the years. In December 2020, the company reported a negative pretax margin of -99.76%, indicating that its expenses exceeded its operating profits by a substantial margin. However, there was a notable improvement in December 2021, with the pretax margin increasing to -9.75%, reflecting a move towards a more balanced financial performance.
Subsequently, Live Nation's pretax margin continued to improve, reaching 3.03% in December 2022, 3.93% in December 2023, and then slightly decreasing to 3.19% in December 2024. These positive pretax margins suggest that the company was able to effectively manage its expenses and generate higher profits before tax over these years.
Overall, the trend indicates a positive turnaround in Live Nation Entertainment Inc's financial performance, with the company successfully increasing its pretax margin from negative to positive territory and maintaining a stable profitability level in the later years.
Peer comparison
Dec 31, 2024