| Stage | LYV | % of rev | WMG | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $10.1B | 100.00% | $1.9B | 100.00% | LYV ×5.42 |
| Gross profit | $2.4B | 23.33% | $854M | 45.82% | WMG +22.5pp |
| Operating income | $892M | 8.83% | $305M | 16.36% | WMG +7.5pp |
| Pre-tax income | $825M | 8.16% | $267M | 14.32% | WMG +6.2pp |
| Net income | $567M | 5.61% | $200M | 10.73% | WMG +5.1pp |
| Stage | LYV | WMG | Gap · A − B |
|---|---|---|---|
| Revenue | $10.1B100.00% | $1.9B100.00% | LYV ×5.42 |
| Gross profit | 23.33%$2.4B | 45.82%$854M | WMG +22.5pp |
| Operating income | 8.83%$892M | 16.36%$305M | WMG +7.5pp |
| Pre-tax income | 8.16%$825M | 14.32%$267M | WMG +6.2pp |
| Net income |
| 5.61%$567M |
| 10.73%$200M |
| WMG +5.1pp |
None
No disclosed counterparties: LYV.