Liberty Live Holdings
LLYVANASDAQUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $103.71 Prior regular-session close from the quote source.
- $103.38–$104.76 Regular-session low and high so far today.
- 132.3K Regular-session shares traded · Nov 11, 4:00 PM ET.
- Not yet confirmed The company has not confirmed its next report date. Reported quarters are available in the chart’s Earnings view.
- $74.38–$108.60 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own LLYVA if Liberty Live can become a cash-generative, standalone live-entertainment and sponsorship platform by monetizing unique physical and digital assets through long-term sponsorship/advertising contracts and extracting operating leverage from its sales force and venues.
LLYVA price history
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Investment thesis
What must happen next
Long-term sponsorship and advertising contracts are the primary durable demand engine: renewals and new deals will sustain above-market revenue growth and allow pricing power over ad/sponsor inventory.HoldingMateriality: High
revenue increased from 340493000.0 (FY2024) to 381951000.0 (FY2025). If sponsorships renew and expand, revenue growth and gross margins will persist; if sponsors depart, top-line and margin deterioration will follow before accounting shows the full hit.
Watch: Major sponsors choose competing channels (pure-digital platforms or competing live-event promoters) and decline to renew large, long-term contracts.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
revenue increased from 340493000.0 (FY2024) to 381951000.0 (FY2025).
Open source ↗Operating leverage from fixed-cost venues and a sales force will convert revenue growth into positive operating income if management controls SG&A and event costs.StrengtheningMateriality: High
Operating loss narrowed from -116274000.0 (FY2024) to -51732000.0 (FY2025) while revenue increased. Margin expansion is the path from revenue growth to free cash flow and valuation; failure to gain leverage means persistent losses despite revenue growth.
Watch: Sustained or rising SG&A, artist guarantees, or venue operating costs prevent margin improvement.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Operating loss narrowed from -116274000.0 (FY2024) to -51732000.0 (FY2025) while revenue increased.
Open source ↗The company currently has enough cash to fund near-term operations and the standalone transition, but persistent negative operating cash flow would force financing that dilutes equity or increases leverage.HoldingMateriality: Medium
Cash increased from 402641000.0 (FY2024) to 545494000.0 (FY2025). Sufficient liquidity preserves optionality to execute the standalone plan; deteriorating cash burn forces capital raises or asset sales that destroy value.
Watch: Operating cash flow remained negative and modestly worse at -29455000.0 (FY2025) from -25228000.0 (FY2024), indicating ongoing cash burn.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Cash increased from 402641000.0 (FY2024) to 545494000.0 (FY2025).
Open source ↗Completing the split-off to become an independent company will unlock strategic focus and investor value by letting Liberty Live realize sponsorship pricing and operational improvements that were previously embedded in a larger conglomerate.HoldingMateriality: Medium
Filing notes the split-off was completed on December 15, 2025 (profile.description). If true, the market will re-rate the shares and management will have focused incentives to optimize venue/sponsorship economics; if false, the standalone entity might trade at a discount to intrinsic value.
Watch: Investors do not re-rate the company because negative equity, liabilities, or cash burn remain, or because sponsors prefer larger-integrated partners.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Filing notes the split-off was completed on December 15, 2025 (profile.description).
Open source ↗
Full investment case & evidence
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Original research
Long-term sponsorship and advertising contracts are the primary durable demand engine: renewals and new deals will sustain above-market revenue growth and allow pricing power over ad/sponsor inventory. If sponsorships renew and expand, revenue growth and gross margins will persist; if sponsors depart, top-line and margin deterioration will follow before accounting shows the full hit.
Operating leverage from fixed-cost venues and a sales force will convert revenue growth into positive operating income if management controls SG&A and event costs. Margin expansion is the path from revenue growth to free cash flow and valuation; failure to gain leverage means persistent losses despite revenue growth.
The company currently has enough cash to fund near-term operations and the standalone transition, but persistent negative operating cash flow would force financing that dilutes equity or increases leverage. Sufficient liquidity preserves optionality to execute the standalone plan; deteriorating cash burn forces capital raises or asset sales that destroy value.
Completing the split-off to become an independent company will unlock strategic focus and investor value by letting Liberty Live realize sponsorship pricing and operational improvements that were previously embedded in a larger conglomerate. If true, the market will re-rate the shares and management will have focused incentives to optimize venue/sponsorship economics; if false, the standalone entity might trade at a discount to intrinsic value.
All standing thesis claims
Original report summary
Liberty Live can become a cash-generative, standalone live-entertainment and sponsorship platform by monetizing unique physical and digital assets through long-term sponsorship/advertising contracts and extracting operating leverage from its sales force and venues.
Bull case and bear case
Bull case and bear case for Liberty Live Holdings
Where the evidence on Liberty Live Holdings stands: Holding on the latest evidence (Oct 15, 2026). Of its 4 thesis points, 1 strengthening and 3 holding.
Bull case: what the evidence supports
Long-term sponsorship and advertising contracts are the primary durable demand engine: renewals and new deals will sustain above-market revenue growth and allow pricing power over ad/sponsor inventory.
Operating leverage from fixed-cost venues and a sales force will convert revenue growth into positive operating income if management controls SG&A and event costs.
The company currently has enough cash to fund near-term operations and the standalone transition, but persistent negative operating cash flow would force financing that dilutes equity or increases leverage.
Completing the split-off to become an independent company will unlock strategic focus and investor value by letting Liberty Live realize sponsorship pricing and operational improvements that were previously embedded in a larger conglomerate.
Bear case: what would count against it
Major sponsors choose competing channels (pure-digital platforms or competing live-event promoters) and decline to renew large, long-term contracts.
Sustained or rising SG&A, artist guarantees, or venue operating costs prevent margin improvement.
Operating cash flow remained negative and modestly worse at -29455000.0 (FY2025) from -25228000.0 (FY2024), indicating ongoing cash burn.
Thesis-Break Engine
What has broken in Liberty Live Holdings’s thesis
Each break OptimistFi flagged on Liberty Live Holdings, dated — with what has historically followed the same kind of break across the market, not a forecast for Liberty Live Holdings.
- CEO / officer changecondition set before this filing
Across all companies, this kind of break has happened 16,849 times before. Those stocks trailed comparable companies by a median of 2% over the next six months, and 38% of them trailed it by 10 points or more.
MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedDirector or principal officer change.
Liberty Live Holdings filed an SEC 8-K on 2026-09-02: Director or principal officer change. It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- Major sponsors choose competing channels (pure-digital platforms or competing live-event promoters) and decline to renew large, long-term contracts.
- Sustained or rising SG&A, artist guarantees, or venue operating costs prevent margin improvement.
- Operating cash flow remained negative and modestly worse at -29455000.0 (FY2025) from -25228000.0 (FY2024), indicating ongoing cash burn.
- Investors do not re-rate the company because negative equity, liabilities, or cash burn remain, or because sponsors prefer larger-integrated partners.
LLYVA news
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Financial statements
LLYVA income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
LLYVA: quick answers
- What is LLYVA's short interest?
- As of October 30, 2026, 1.5M LLYVA shares were sold short, 5.75% of its shares outstanding, down 9.4% from the count before. At the stock's average daily volume that is 9.6 days to cover. FINRA publishes the count twice a month. LLYVA short interest history
- Have members of Congress traded LLYVA?
- 2 trades in LLYVA have been disclosed under the STOCK Act by members of Congress, the President or senior officials, none in reports made public in the last 90 days. Every disclosed LLYVA trade
- Which well-known investors own LLYVA?
- 2 of the 37 well-known funds tracked here reported LLYVA shares in their latest 13F filings. By share of the fund's portfolio: ValueAct, 1.4%; Berkshire Hathaway (Warren Buffett), 0.2%. Fund portfolios
LLYVA in well-known investors’ portfolios
2 of 37 funds reported LLYVA shares in their latest 13F filing. A 13F shows quarter-end positions and arrives up to 45 days later.
| Fund | Of its portfolio | Value | Change | Quarter |
|---|---|---|---|---|
| ValueAct | 1.4% | $79.5M | −55.8% | Q2 2026 |
| Warren BuffettBerkshire Hathaway | 0.17% | $505M | No change | Q2 2026 |