# Liberty Live Holdings, Inc. (LLYVK)

> Source: Nexqual · https://nexqual.com/LLYVK · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Liberty Live Holdings, Inc. (LLYVK), nexqual.com/LLYVK" · informational, not investment advice.

**Price:** USD 101.23 (+0.73% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 100.5 · day 99.89–101.78 · 52w 76.94–109.75 · market cap $9.31B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $407M, net income -$440M (-108.1% margin) (SEC filings).
- 2 of 80 tracked superinvestors hold LLYVK (13F, Q2 2026): 0 new, 0 added, 1 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $2.9M; 1 not under a Rule 10b5-1 plan ($2.9M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (1 analysts), mean target USD 122 (range 122–122).
- Total return with dividends: 1Y +9.5% vs S&P 500 +14.9%; 5Y +168.7% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 1.06, revenue estimate $75.3M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2024 | FY2025 | TTM |
|---|---|---|---|
| Revenue | $340M | $382M | $407M |
| Gross profit | $54.4M | $73.5M | — |
| Operating income | -$116M | -$51.7M | -$49.4M |
| Net income | -$113M | -$87.0M | -$440M |
| Gross margin | 16.0% | 19.2% | — |
| Operating margin | -34.1% | -13.5% | -12.1% |
| Net margin | -33.1% | -22.8% | -108.1% |
| Revenue growth | — | +12.2% | — |
| Cash + short-term investments | $403M | $545M | — |
| Total debt | $1.56B | $3.33B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 22.9x · EV/Sales 32.0x · Earnings yield -4.72% · Net debt $3.73B · EV $13.0B

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold LLYVK. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| ValueAct Capital |  | 5.48% | $309M | Reduced -44.6% |
| Warren Buffett | Berkshire Hathaway | 0.54% | $1.62B | Unchanged |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-24 | Malone John C |  | 29,593 | $2.9M | 0.8% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 1 analysts; mean target USD 122 (low 122, high 122).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2023-07-31) |
|---|---|---|
| Total return | +9.5% | +168.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +9.6% | +35.8% |
| Volatility (annualized) | 31.5% | 29.9% |
| Max drawdown | -17.1% (Oct 2025→Dec 2025) | -21.3% (Mar 2024→Jun 2024) |

## Peers (Entertainment)
SIRI (SiriusXM Holdings Inc.) USD 27.54 +2.15% · MSGS (Madison Square Garden Sports Co) USD 389.48 -5.55% · WMG (Warner Music Group Corp.) USD 31.69 +0.80% · NWS (News Corporation) USD 33.95 +2.01% · CNK (Cinemark Holdings Inc Cinemark ) USD 39.61 -0.78% · VSNT (Versant Media Group, Inc.) USD 32.29 +3.00%

## More
Full page: https://nexqual.com/LLYVK · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in LLYVK's own 10-K filed 2026-02-26 (https://www.sec.gov/Archives/edgar/data/2078416/000110465926020657/tmb-20251231x10k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Liberty Media Corp (FWONA) | "As described above, Liberty Live is party to a services agreement with Liberty Media, pursuant to which 74 Liberty Media corporate employees provide certain management services to Liberty Live for a determined fee." |

Other companies that name LLYVK in their own reports (relationship from LLYVK's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | Liberty Media Corp (FWONA) | 10-K 2026-02-26 | "Under our tax sharing agreement with Liberty Live Holdings, Liberty Live Holdings is generally responsible for, and is required to indemnify us for, taxes and certain losses resulting from the Liberty…" |

## Revenue by region (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $336.0M | 88.0% | +10.5% |
| Non Us | $46.0M | 12.0% | +26.5% |
| Total revenue | $382.0M | 100% | — |

## Customer concentration

Period ended 2025-12-31: 83% of revenue from unnamed direct customers (10-K, filed 2026-02-26).

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.06 | $1.12 | -5.4% | $75.3M | 1 |
| Next quarter (ends 2026-12-31) | $-2.98 | $-1.75 | +70.3% | $141.0M | 1 |
| Current fiscal year (ends 2026-12-31) | $-7.69 | $-3.30 | +133.0% | $427.0M | 1 |
| Next fiscal year (ends 2027-12-31) | $-3.38 | $-2.86 | +18.2% | $457.6M | 1 |