LLYVA Filings — Liberty Live Holdings, Inc.

LLYVA Filings — Liberty Live Holdings, Inc. - FilingSpy

10-Q · Quarter ended Jun 30, 2026 · SEC filing ↗

Net loss deepened to $269M as unrealized losses on Live Nation-linked debt persisted, while Quint revenue rose 6% to $147M.

The net loss remained large, though narrower than the prior quarter. rose 6% to $147.1 million and held at 20.6%, as Quint's Formula 1 and hotel packages grew, while a $268.7 million net loss was driven by $260.4 million in on tied to Live Nation's stock. The company's negative equity position deepened to $603.7 million as debt rose to $2.13 billion.

Key takeaways

The net loss of $268.7 million was driven by $260.4 million in on the 2.375% Exchangeable Senior Debentures, reflecting a decline in Live Nation's stock price during the quarter.
rose 6.1% to $147.1 million, with growth in Formula 1 experiential packages and hotel packages for music festivals partially offset by lower revenue from the NBA and MotoGP.
widened 0.2 points to 20.6%, as a favorable event mix and lower hotel operation costs were partly offset by higher costs in other areas.

What changed

The prior quarter flagged Live Nation's litigation accrual as a key driver of affiliate losses; this quarter, the share of affiliate losses fell to $3.1 million from $124.3 million as that accrual did not recur.
Quint's , watched for a return above 20%, reached 20.6%, up from 18.8% in the prior quarter and matching the 20.3% in the same quarter a year ago.
Cash burn was a prior concern, but turned positive at $3.9 million this quarter, compared to negative $8.6 million in Q1.

What to watch

Live Nation's share price, which directly drives the unrealized gains or losses on the $2.1 billion in and the borrowing capacity of the margin loan.
Quint's ability to sustain gross margins at or above 20% through the second half of the year, when the Formula 1 event calendar is lighter.
The outcome of Live Nation's antitrust case, where a final resolution or appeal could materially change the value of Liberty Live's equity stake and the affiliate earnings it reports.

Original filing text

Legal Proceedings

Our Annual Report on Form 10-K for the year ended December 31, 2025 includes “Legal Proceedings” under Item 3 of Part I. There have been no material changes to the legal proceedings described in our Form 10-K, other than disclosed in note 8 to the accompanying condensed consolid…

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