Liberty Live Group (LLYVK) Q1 2026 earnings summary

Executive summary

• Completed split-off from Liberty Media in December 2025, now operating independently with ownership of Quint and a significant stake in Live Nation.

• Revenue for Q1 2026 increased to $63.6 million, up from $47.1 million year-over-year, driven by growth in Formula 1 and MotoGP events.

• Net loss widened to $294.1 million from $29.5 million in Q1 2025, primarily due to significant losses from equity affiliate Live Nation and unrealized losses on financial instruments.

Financial highlights

• Total revenue rose by $16.6 million year-over-year, mainly from increased Formula 1 and MotoGP activity, partially offset by lower NBA-related revenue.

• Cost of revenue increased by $10.1 million, reflecting higher event costs and hospitality expenses.

• Adjusted OIBDA loss improved to $7.7 million from $10.3 million year-over-year.

• Net loss per share was $(3.20), compared to $(0.32) in Q1 2025.

• Cash and cash equivalents at quarter-end were $524.4 million.

Outlook and guidance

• Management expects continued revenue growth from experiential packages, but notes potential adverse impacts from postponed Middle East events and ongoing macroeconomic uncertainty.

• Inflationary pressures and elevated interest rates may increase operational costs and impact consumer demand.