good and Michael, afternoon, Thanks, everyone.
to did we at that I additional of on release call. earnings our more we've reconcile some As back of for added refer the numbers some QX, the tables the detail will in
and the or we costs line numbers fourth cash quarter, what quarter. the key with last in than For all better forecasted are
costs we As to time will our until actions and need a cut are that provide the liquidity is to right us result, shows confident with increase back. taken bring we the runway
with this, $XXX lower costs. As part discretionary of $XX another spending million reduced million further and XXXX by over we closed in
were usage pre-COVID than we by our plans, projecting We quarter. relative $X.XX our cash billion $XXX million to last more also reduced
QX results. our at Looking AOI
million quarter $XX along various contribution onetime operations the for loss of operational million was from and $XXX costs AOI million items. million, margin, which $XX which with consisted Our in fixed contribution included of $XXX
close other the end XXXX retained Half able where assets, we of sponsorship this were As out sponsorship from XXXX, this in in to February the of place while operations into concerts. we've last was contribution commitments moved margin been of at including we pointed repurposed that quarter, business, the maintain XX% last year. portion to our streaming includes in
generated Our artist in margin and positive businesses the merchandise management contribution quarter. also
This, which $XXX million increased at to $X.X in along cash, liquidity. ended raise. free liquidity. with debt We Looking capacity, with free January over and available early billion $X in fourth $XXX billion with quarter cash gives available of us in our debt readily the million
or $XXX million burn get burn We month us we gross burn. cash another of in $XX million And month million free nonoperational $XX with average quarter in costs total plus cash operational month a million per per then month. the per $XXX per to $XXX month. and cash Our in in to $XX million per had up average million ended cash margin was per usage million total contribution effective of $XXX month had
prior or through QX. the The window from refunds. concerts Nation gone at end through ticket that are rescheduled Live refund or quarter refund global XX% Now of and for was unchanged in the have a rate are windows
doing casual quarter. for quarter, requested million show, tours the gone window. the were fans their we for tickets $X.X where fans deferred $XXX On to XX% XX months next first billion lower refund during second their for during at generally the levels in For the window their through refunds of revenue of fans revenue, generally ticket versus festivals deferred of events are higher due have was retain much at in sales the second that projected QX, the billion the canceled XXXX so. end But fourth could the a refund end $X.X window, next the Festivals as the events. year's for the
different uncertainty XXXX specific on given markets varied our be giving world. for the We timing Finally, a timing and around won't outlook. multi-quarter the likely outlook
that, burn outstrips Kathy our or With we remain managing rate ramp particularly QX, up. Michael, cash burn growth to back cost contribution up call focused any For total on to for Operator? as will and increases in effective we the cash start let's for our rate questions ensure our me. margin any structure open
