Highlights

  • Second quarter 2026 revenue was $147,059 thousand, and the net loss was $268,663 thousand, or $2.92 per share.
  • Realized and unrealized losses on financial instruments were $423,647 thousand for the quarter, compared with $288,725 thousand a year earlier.
  • Cash and cash equivalents were $523,349 thousand at June 30, 2026, and $400 million was available under the Live Nation Margin Loan.
  • Debt with a carrying value of $2,126,021 thousand was classified as current given exchange rights through September 30, 2026.

Liberty Live Holdings, Inc. (NASDAQ: LLYVA) shares were trading at USD 95.70 on October 27, 2026, down 0.31%, with a relative volume at time of 2.81. The holding company, which owns Quint and an equity stake in Live Nation, completed its split-off from Liberty Media on December 15, 2025, exchanged debentures on March 20, 2026, and filed its Form 10-Q for the quarter ended June 30, 2026 on August 6, 2026.

Liberty Live is incorporated in Nevada and has its principal executive offices in Englewood, Colorado. It beneficially owns approximately 69.6 million shares of Live Nation common stock, Quint, interests in certain private assets, corporate cash and debt obligations. Quint designs, develops and sells ticket-inclusive hospitality and experiential packages for sporting and lifestyle events and is a reportable segment, alongside Live Nation. Its fiscal year ends December 31,.

Second Quarter 2026 Results

For the three months ended June 30, 2026, revenue was $147,059 thousand, compared with $138,603 thousand a year earlier. The company reported an operating loss of $944 thousand, compared with an operating loss of $2,651 thousand.

Share of earnings of affiliates, net, was $82,529 thousand, compared with $71,445 thousand. Realized and unrealized losses on financial instruments, net, were $423,647 thousand, compared with $288,725 thousand. The company attributed the increase primarily to unrealized losses on the 2.375% Exchangeable Senior Debentures due 2053.

Loss before income taxes was $342,784 thousand, with an income tax benefit of $74,121 thousand. Basic and diluted loss per share was $2.92, compared with $1.96 a year earlier. For the six months, the net loss was $562,801 thousand, or $6.12 per share.

Adjusted OIBDA, a non-GAAP measure, was $7,983 thousand, compared with $5,364 thousand.

Quint Revenue Drivers

Revenue increased $8,456 thousand in the quarter. The company cited an increase of $6,746 thousand related to MotoGP and $5,623 thousand of other event revenue, partly offset by a decrease of $3,816 thousand related to hotel room packages.

The company said the Formula 1 Bahrain and Saudi Arabian Grands Prix did not take place in April 2026 as scheduled and that this will have an adverse impact on Quint's 2026 results.

Balance Sheet, Debt and Cash Flow

Cash and cash equivalents were $523,349 thousand at June 30, 2026, made up of $107,411 thousand at Quint and $415,938 thousand at Corporate and other. Net cash used by operating activities for the six months was $4,710 thousand, compared with $26,835 thousand used a year earlier.

On March 20, 2026, the company issued approximately $1,116 million aggregate principal amount of New 2.375% Exchangeable Senior Debentures due 2053 in exchange for the same principal amount of Old Debentures. Debt with a carrying value of $2,126,021 thousand was classified as current; holders could exchange from July 1, 2026 to September 30, 2026, and exchanges are settled in cash. The company said it was in compliance with all financial debt covenants.

Live Nation Litigation and Outlook

The filing describes the Department of Justice antitrust matter against Live Nation and Ticketmaster. On April 15, 2026, a jury returned a verdict for the litigating states on all remaining claims. Live Nation recognized $450 million in selling, general and administrative expenses for the six months ended June 30, 2026 as its estimate of the loss associated with the settling states and the jury's damages award. Live Nation intends to file an appeal. The company said there can be no assurance that the court will approve the settlement.

The filing gives no numerical guidance. It states projected uses of cash for the remainder of the year, outside normal operating expenses, are interest payments of approximately $14,650 thousand and fees to Liberty Media. The company expects to fund them with cash on hand, cash from operations and borrowings under the Live Nation Margin Loan.