Live Nation Entertainment (LYV) Revenue — Quarter Ended Mar 31, 2023
Revenue decreased from the immediately preceding quarter but increased significantly compared with the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue decreased from the immediately preceding quarter but increased significantly compared with the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.1B
Revenue reported for this quarter.
Quarter-over-quarter
-27.2%
Change from the immediately preceding quarter.
Year-over-year
+73.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$18B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $4.4B | +669.9% |
| Sep 30, 2022 | $6.2B | +128.0% |
| Dec 31, 2022 | $4.3B | +58.7% |
| Mar 31, 2023 | $3.1B | +73.3% |
Revenue performance
The company reported lower revenue in the current quarter relative to the prior quarter, while achieving strong growth on a year-over-year basis.
Quarterly comparison
Compared to the preceding quarter, revenue contracted. In contrast, revenue was substantially higher than in the same quarter of the prior year.
What to watch
The sequential decline warrants attention to assess whether it is seasonal or indicative of changing demand.