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