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Liberty Live Holdings (LLYVA) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Liberty Live Holdings (LLYVA) Q3 2026 earnings results →
Q3 2026 Revenue up 72% year over year to $106M · 315¢ of every $1 of revenue kept as net profit · operating margin -11.0%
Liberty Live Holdings made $106M in Q3 2026 (+72% Y/Y). Operating margin -11.0%, net earnings $334M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $105.9M in Q3 2026, up 72% year over year and down 28% from the previous quarter.
Operating costs exceeded revenue by $11.6M, an operating margin of -11.0%. Total costs grew 50% against revenue growth of 72%. The fastest-growing cost line was Cost of revenue (+75%). Net earnings were $333.8M. The effective tax rate was 21.7%. Non-operating items added $437.8M, 103% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$18.0M. Non-cash charges added back $6.6M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items used $360.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $106M | +72% | -11.0% | $334M | −$18.0M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $147M | +6% | -0.6% | −$269M | $3.9M |
| Q1 2026 | 10-Q | May 7, 2026 | $63.6M | +35% | -26.2% | −$294M | −$8.6M |
| Q4 2025 | 10-K | Feb 26, 2026 | $135M | +29% | -11.2% | $178M | −$552K |
| Q3 2025 | 10-Q | Nov 13, 2025 | $61.7M | -4% | -27.2% | −$55.7M | −$2.1M |
Charts
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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About Liberty Live Holdings
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”).
In its own words, from its 10-K, filed Feb 26, 2026.
Liberty Live Holdings against its Services-Amusement & Recreation Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +72% against the peers' median +10%. Operating margin: -11.0% against the peers' median 7.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| LLYVA Liberty Live Holdings | Q3 2026 | $106M | +72% | -11.0% |
| LYV Live Nation Entertainment | Q3 2026 | $10.1B | +19% | 8.8% |
| WMG Warner Music Group | Q3 FY26 | $1.9B | +10% | 16.4% |
| TKO TKO Group Holdings | Q3 2026 | $1.4B | +22% | 27.8% |
| FUN Six Flags Entertainment | Q3 2026 | $1.2B | -11% | -25.6% |
| ACEL Accel Entertainment | Q3 2026 | $364M | +10% | 7.9% |
| BATRA Atlanta Braves Holdings | Q3 2026 | $325M | +4% | 2.7% |
| LUCK Lucky Strike Entertainment | Q1 FY27 | $303M | +4% | 9.3% |
| SPHR Sphere Entertainment | Q3 2026 | $274M | +4% | -87.7% |
Source: Liberty Live Holdings 10-Q on SEC EDGAR · CIK 2078416 · Services-Amusement & Recreation Services
Guidance and outlook
13F: who owns LLYVA and who is buying
More on LLYVA
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results