Live Nation Entertainment (LYV) Revenue — Quarter Ended Dec 31, 2023
The company's revenue decreased sequentially from the previous quarter but rose sharply compared to the same period last year. The decline from the prior quarter reflects a typical seasonal pattern, while the year-over-year growth indicates sustained demand.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
The company's revenue decreased sequentially from the previous quarter but rose sharply compared to the same period last year. The decline from the prior quarter reflects a typical seasonal pattern, while the year-over-year growth indicates sustained demand.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.8B
Revenue reported for this quarter.
Quarter-over-quarter
-28.6%
Change from the immediately preceding quarter.
Year-over-year
+35.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$22.7B
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 |
|---|---|---|
| Mar 31, 2023 | $3.1B | +73.3% |
| Jun 30, 2023 | $5.6B | +26.9% |
| Sep 30, 2023 | $8.2B | +32.5% |
| Dec 31, 2023 | $5.8B | +35.6% |
Revenue performance
Revenue in the fourth quarter was lower than the preceding quarter, aligning with the seasonal slowdown after the peak summer season.
Quarterly comparison
Compared to the same quarter a year ago, revenue expanded substantially, continuing the positive year-over-year trajectory seen throughout the fiscal year.
What to watch
Monitor whether the seasonal decline reverses in the upcoming first quarter.