| Stage | LYV | % of rev | FWONK | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $7.7B | 100.00% | $934M | 100.00% | LYV ×8.21 |
| Gross profit | $1.9B | 25.34% | $329M | 35.22% | FWONK +9.9pp |
| Operating income | $522M | 6.81% | $88M | 9.42% | FWONK +2.6pp |
| Pre-tax income | $519M | 6.76% | $33M | 3.53% | LYV +3.2pp |
| Net income | $403M | 5.25% | $8M | 0.86% | LYV +4.4pp |
| Stage | LYV | FWONK | Gap · A − B |
|---|---|---|---|
| Revenue | $7.7B100.00% | $934M100.00% | LYV ×8.21 |
| Gross profit | 25.34%$1.9B | 35.22%$329M | FWONK +9.9pp |
| Operating income | 6.81%$522M | 9.42%$88M | FWONK +2.6pp |
| Pre-tax income | 6.76%$519M | 3.53%$33M | LYV +3.2pp |
| Net income |
| 5.25%$403M |
| 0.86%$8M |
| LYV +4.4pp |
No disclosed counterparties: LYV, FWONK.