Live Nation Entertainment Inc (LYV)

Pretax margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Earnings before tax but after interest (EBT) US$ in thousands 723,507 392,240 -653,385 -1,753,410 136,781
Revenue US$ in thousands 22,749,100 16,681,300 6,268,450 1,861,180 11,548,000
Pretax margin 3.18% 2.35% -10.42% -94.21% 1.18%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $723,507K ÷ $22,749,100K
= 3.18%

The pretax margin of Live Nation Entertainment Inc has shown significant fluctuations over the past five years. In 2023, the pretax margin improved to 3.93%, compared to 3.03% in 2022. However, the company experienced a sharp decline in profitability in 2021, with a negative pretax margin of -9.75%. This dramatic decrease followed a substantial drop in profitability in 2020, where the pretax margin plummeted to -99.76%.

Despite the challenges faced in 2020 and 2021, Live Nation Entertainment Inc managed to rebound in 2023, showing a positive pretax margin. It is important for stakeholders to monitor the company's future performance to assess its ability to sustain profitability and ensure long-term financial stability.


Peer comparison

Dec 31, 2023