Live Nation Entertainment Inc (LYV)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 723,507 | 703,001 | 566,932 | 451,397 | 392,240 | 372,109 | 22,108 | -391,067 | -653,385 | -863,675 | -1,462,780 | -1,866,100 | -1,753,410 | -1,483,663 | -731,652 | -2,847 | 136,781 | 146,988 | 130,497 | 79,550 |
| 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 |
| Pretax margin | 3.18% | 3.32% | 2.95% | 2.51% | 2.35% | 2.47% | 0.19% | -5.03% | -10.42% | -22.71% | -113.57% | -237.39% | -94.21% | -32.87% | -9.03% | -0.03% | 1.18% | 1.31% | 1.15% | 0.72% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $723,507K ÷ $22,749,070K
= 3.18%
Based on the data provided, Live Nation Entertainment Inc's pretax margin has shown fluctuations over the past quarters. In Q4 2023, the pretax margin was 3.93%, which was slightly lower compared to the previous quarter at 4.15%. Despite the slight decrease, the company has maintained a relatively stable performance in terms of profitability.
Looking further back, Q2 and Q3 of 2023 also showed consistent pretax margins of 3.77% and 3.20%, respectively. These figures indicate that Live Nation Entertainment Inc has been able to efficiently manage its expenses and generate income before taxes during these periods.
In contrast, Q1 2022 and Q2 2022 experienced lower pretax margins of 3.39% and 1.17%, respectively. However, the most notable decline was observed in Q1 2022, where the pretax margin was -4.27%, indicating that the company incurred pre-tax losses during that quarter.
Overall, Live Nation Entertainment Inc's pretax margin performance has been relatively stable in recent quarters, demonstrating its ability to effectively control costs and generate profits before taxes.
Peer comparison
Dec 31, 2023