Liberty Live Holdings, Inc. (LLYVA) Form 10-Q — Aug 6, 2026

$LLYVAForm 10-QFiled Aug 6, 2026, 4:15 PM ET0001104659-26-092020Original filing

Liberty Live Holdings posted Q2 2026 revenue of $147.1 million, up 6% year over year, on its new MotoGP hospitality agreement, Formula 1 growth, and new events including USGA and World Cup work, with Consolidated Adjusted OIBDA improving to $8.0 million from $5.4 million. H1 revenue rose 13% to $210.7 million. The company reported a Q2 net loss of $268.7 million, widening from $180.3 million, driven by $423.6 million of non-cash fair-value losses on its 2.375% exchangeable debentures and 2025 Forward Contracts, which deepen as Live Nation shares appreciate. Total equity swung to a $603.7 million deficit from $27.1 million at year-end 2025.

Key figures

Revenue: $147.1 million (Q2 2026) vs $138.6 million (Q2 2025); $210.7 million (H1 2026) vs $185.7 million (H1 2025)
Net Income: -$268.7 million (Q2 2026) vs -$180.3 million (Q2 2025); -$562.8 million (H1 2026) vs -$209.8 million (H1 2025)
Total Debt: $1.15 billion principal of fixed-rate 2.375% exchangeable debentures; $400 million undrawn Live Nation Margin Loan
Total Assets: $2,012.5 million
Cash Position: $523.3 million
Shares Outstanding: 25,573,685 Series A + 2,530,951 Series B + 63,900,740 Series C Liberty Live Group shares (as of July 31, 2026)
Lyv Q2 Revenue: $7,667 million (up $660 million YoY); Q2 net earnings $403 million
Effective Tax Rate: 22% for Q2 and H1 2026
Debenture Exchange: $1,116 million new 2.375% Exchangeable Senior Debentures due 2053 issued in exchange for like amount of Old Debentures in March 2026; ~$34 million Old Debentures remain
Fair Value Losses H1: $653.3 million realized/unrealized losses on financial instruments
Lyv Stake Sensitivity: a 10% lower LYV price at June 30, 2026 would reduce security value by $1.275 billion
Stockholders Deficit: -$625.7 million (vs -$49.1 million at Dec 31, 2025)
Adjusted OIBDA H1 2026: $0.3 million (vs -$4.9 million H1 2025)
Adjusted OIBDA Q2 2026: $8.0 million (vs $5.4 million Q2 2025)
Live Nation Shares Owned: approximately 69.6 million shares (equity method)
Live Nation Margin Loan Rate: Adjusted Term SOFR plus 1.875%, matures September 8, 2028
Live Nation Litigation Accrual: $450 million accrued expense (six months ended June 30, 2026)
Current Portion Of Debt At Fair Value: $2,126.0 million classified as current

Price after filing

1 day: +0.4%7 days: +4.6%30 days: -4.0%

Close on the filing date to close N calendar days later (from $99.57). Historical, not a forecast.

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