Filing Flows › Liberty Live Holdings (LLYVA) › Q4 2025
Liberty Live Holdings (LLYVA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Liberty Live Holdings (LLYVA) reported revenue of $135M for the fourth quarter 2025 (Q4 2025), +29% from a year earlier and +118% from the quarter before. Operating margin was -11.2%, net earnings $178M (132.6% of revenue).
Liberty Live Holdings, Q4 2025: revenue $135M (+29% year over year), operating margin -11.2%, net earnings $178M, operating cash flow −$552K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $135M | +118% | +29% |
| Operating profit | −$15.0M | — | — |
| Net earnings | $178M | — | — |
| Operating cash flow | −$552K | — | — |
What changed
Revenue was $134.6M in Q4 2025, up 29% year over year and up 118% from the previous quarter.
Operating costs exceeded revenue by $15.0M, an operating margin of -11.2%. Total costs fell 20% while revenue rose 29%. The fastest-growing cost line was Cost of revenue (+19%). Net earnings were $178.6M ($178.4M including minority interests, which bore $167K of losses). The effective tax rate was 22.8%. Non-operating items added $246.0M, 106% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$552K. Non-cash charges added back $6.5M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $187.3M.
Questions
What was Liberty Live Holdings' revenue in the fourth quarter 2025?
Liberty Live Holdings (LLYVA) reported revenue of $135M for the fourth quarter 2025 (Q4 2025), +29% from a year earlier and +118% from the quarter before.
Was Liberty Live Holdings profitable in the fourth quarter 2025?
Operating loss was $15.0M (-11.2% of revenue) and net earnings $178M.