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Liberty Live Holdings (LLYVA) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 13, 2025

Liberty Live Holdings (LLYVA) reported revenue of $61.7M for the third quarter 2025 (Q3 2025), -4% from a year earlier and -55% from the quarter before. Operating margin was -27.2%, net loss $55.7M (90.3% of revenue).

Revenue$61.7M
Year over year-4%
Quarter over quarter-55%
Operating margin-27.2%
Net earnings−$55.7M

Liberty Live Holdings, Q3 2025: revenue $61.7M (-4% year over year), operating margin -27.2%, net loss $55.7M, operating cash flow −$2.1M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$61.7M-55%-4%
Operating profit−$16.8M——
Net earnings−$55.7M——
Operating cash flow−$2.1M——

What changed

Revenue was $61.7M in Q3 2025, down 4% year over year and down 55% from the previous quarter.

Operating costs exceeded revenue by $16.8M, an operating margin of -27.2%. Total costs fell 0% while revenue fell 4%. The fastest-growing cost line was Other operating costs (+29%). The quarter ended with a net loss of $55.7M, narrower than the previous quarter's $180.3M loss. Net interest and other expense of $54.5M was the main reason.

Operating cash flow was −$2.1M. Non-cash charges added back $6.5M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $45.4M.

Questions

What was Liberty Live Holdings' revenue in the third quarter 2025?

Liberty Live Holdings (LLYVA) reported revenue of $61.7M for the third quarter 2025 (Q3 2025), -4% from a year earlier and -55% from the quarter before.

Was Liberty Live Holdings profitable in the third quarter 2025?

Operating loss was $16.8M (-27.2% of revenue) and net loss $55.7M.

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Source: Liberty Live Holdings 10-Q on SEC EDGAR.