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Live Nation Entertainment Gross Profit

: $1,252 Mil (TTM As of Sep. 2021)
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Live Nation Entertainment's gross profit for the three months ended in Sep. 2021 was $729 Mil. Live Nation Entertainment's gross profit for the trailing twelve months (TTM) ended in Sep. 2021 was $1,252 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Live Nation Entertainment's gross profit for the three months ended in Sep. 2021 was $729 Mil. Live Nation Entertainment's Revenue for the three months ended in Sep. 2021 was $2,699 Mil. Therefore, Live Nation Entertainment's Gross Margin % for the quarter that ended in Sep. 2021 was 27.01%.

Live Nation Entertainment had a gross margin of 27.01% for the quarter that ended in Sep. 2021 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Live Nation Entertainment was 32.93%. The lowest was 24.65%. And the median was 27.85%.

Warning Sign:

Live Nation Entertainment Inc gross margin has been in long term decline. The average rate of decline per year is -2.3%.


Live Nation Entertainment Gross Profit Historical Data

The historical data trend for Live Nation Entertainment's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Live Nation Entertainment Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Gross Profit
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,187.16 2,505.32 2,819.87 3,080.79 458.78

Live Nation Entertainment Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 53.27 34.11 156.64 332.83 728.81

Competitive Comparison

For the Entertainment subindustry, Live Nation Entertainment's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Live Nation Entertainment Gross Profit Distribution

For the Media - Diversified industry and Communication Services sector, Live Nation Entertainment's Gross Profit distribution charts can be found below:

* The bar in red indicates where Live Nation Entertainment's Gross Profit falls into.



Live Nation Entertainment Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Live Nation Entertainment's Gross Profit for the fiscal year that ended in Dec. 2020 is calculated as

Gross Profit (A: Dec. 2020 )=Revenue - Cost of Goods Sold
=1861.178 - 1402.4
=459

Live Nation Entertainment's Gross Profit for the quarter that ended in Sep. 2021 is calculated as

Gross Profit (Q: Sep. 2021 )=Revenue - Cost of Goods Sold
=2698.722 - 1969.912
=729

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,252 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Live Nation Entertainment's Gross Margin % for the quarter that ended in Sep. 2021 is calculated as

Gross Margin % (Q: Sep. 2021 )=Gross Profit (Q: Sep. 2021 ) / Revenue (Q: Sep. 2021 )
=(Revenue - Cost of Goods Sold) / Revenue
=729 / 2698.722
=27.01 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Live Nation Entertainment  (NYSE:LYV) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Live Nation Entertainment had a gross margin of 27.01% for the quarter that ended in Sep. 2021 => Competition eroding margins


Live Nation Entertainment Gross Profit Related Terms

Thank you for viewing the detailed overview of Live Nation Entertainment's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.


Live Nation Entertainment Business Description

Live Nation Entertainment logo
Industry
Traded in Other Exchanges
Address
9348 Civic Center Drive, Beverly Hills, CA, USA, 90210
Live Nation is the largest live entertainment firm in the world with over 570 million fans served in 44 countries in 2018 by the company's concert and ticketing platforms. Via either owning, operating, or holding exclusive booking rights, Live Nation controls over 235 venues including the House of Blues, the Hollywood Palladium, and Spark Arena in New Zealand. Live Nation also owns one of the largest ticketing services, Ticketmaster, which sold over 480 million tickets for over 12,000 clients in 2018. The firm's artist management agencies have over 400 clients. This large live entertainment footprint helped Live Nation become one of the largest advertising and sponsorship platforms aimed at music fans. Liberty Media owns 33% of Live Nation, held under its SiriusXM tracking stock.
Executives
Hinson Jeffrey T. director 3721 POTOMAC AVE. DALLAS TX 75205
Rapino Michael director, officer: President & CEO 9348 CIVIC CENTER DRIVE FOURTH FLOOR BEVERLY HILLS CA 90210
Willard Elizabeth Kathleen officer: EVP & Chief Financial Officer 2000 WEST LOOP SOUTH, SUITE 1300 HOUSTON TX 77027
Maffei Gregory B director 12300 LIBERTY BLVD ENGLEWOOD CO 80112
Carter Maverick director C/O LIVE NATION ENTERTAINMENT, INC. 9348 CIVIC CENTER DRIVE BEVERLY HILLS CA 90210
Walden Dana director C/O LIVE NATION ENTERTAINMENT, INC. 9348 CIVIC CENTER DRIVE BEVERLY HILLS CA 90210
Fu Ping director C/O LIVE NATION ENTERTAINMENT, INC. 9348 CIVIC CENTER DRIVE BEVERLY HILLS CA 90210
Hollingsworth Chad director 6262 SUNSET DRIVE MIAMI FL 33143
Iovine Jimmy director C/O LIVE NATION ENTERTAINMENT, INC. 9348 CIVIC CENTER DRIVE BEVERLY HILLS CA 90210
Emanuel Ariel director C/O SOURCE INTERLINK COMPANIES, INC. 27500 RIVERVIEW CENTER BLVD, SUITE 400 BONITA SPRINGS FL 34134
Kahan James S director 175 E HOUSTON STREET -- SAN ANTONIO TX 78205-2233
Mays Randall Thomas director CLEAR CHANNEL COMMUNICATIONS 200 EAST BASSE ROAD SAN ANTONIO TX 78209
Shapiro Mark S director C/O RED ZONE LLC 21300 REDSKIN PARK DRIVE ASHBURN VA 20147
Rowles Michael officer: EVP & General Counsel C/O LIVE NATION, INC. 9348 CIVIC CENTER DRIVE BEVERLY HILLS CA 90210
Capo Brian officer: Chief Accounting Officer C/O LIVE NATION, INC. 9348 CIVIC CENTER DRIVE BEVERLY HILLS CA 90210

Live Nation Entertainment Headlines

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