Liberty Live Holdings, Inc. LLYVA
In November 2024, the board of directors of Liberty Media Corporation ("Liberty Media") authorized Liberty Media management to pursue a plan to split-off the Liberty Live Group (the "Split-Off"), which was completed on December 15, 2025. Immediately prior to effecting the Split-Off, Liberty Media's subsidiary Quint, interests in certain private assets and $171.7 million of cash were reattributed from Liberty Media's Formula One Group to its Liberty Live Group in exchange for interests in certain other private assets. Liberty Media effected the Split-Off through the redemption of Liberty Media's Liberty Live common stock in exchange for Liberty Live Group common stock of a newly formed company called Liberty Live Holdings, Inc. ("Liberty Live" or the "Company"). Liberty Media redeemed each outstanding share of its Series A, Series B and Series C Liberty Live common stock for one share of the corresponding series of Liberty Live Group common stock of Liberty Live.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $382.0M | $340.5M | — |
| Cost of revenue | $308.4M | $286.1M | — |
| Gross profit | $73.5M | $54.4M | — |
| Total operating expenses | $433.7M | $456.8M | — |
| Operating income | -$51.7M | -$116.3M | — |
| Interest expense | $29.5M | $29.1M | — |
| Pre-tax income | -$100.2M | -$144.1M | — |
| Income tax | $13.1M | $30.0M | — |
| Net income | -$87.0M | -$112.8M | — |
| Shares, diluted (wtd. avg.) | $92.5M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and equivalents | $545.5M | $402.6M | — |
| Total current assets | $629.5M | $472.4M | — |
| Goodwill | $127.4M | $125.5M | — |
| Other intangibles | $118.6M | $141.8M | — |
| Total assets | $1.89B | $1.59B | — |
| Accounts payable | $11.5M | $16.3M | — |
| Short-term debt | $1.67B | — | — |
| Total current liabilities | $1.90B | $187.5M | — |
| Long-term debt | $1.67B | $1.56B | — |
| Total liabilities | $1.92B | $1.76B | — |
| Retained earnings | -$437.1M | -$370.0M | — |
| Total equity | -$49.1M | -$199.2M | -$224.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Operating cash flow | -$29.5M | -$25.2M | — |
| Depreciation and amortisation | $26.1M | $27.4M | — |
| Stock-based compensation | $5.5M | $11.0M | — |
| Investing cash flow | -$3.5M | -$97.5M | — |
| Financing cash flow | $167.8M | $227.8M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-020657.
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