Liberty Live Holdings (LLYVK) Q2 2026 earnings summary

Executive summary

• Completed split-off from Liberty Media in December 2025, now operating independently with ownership in Live Nation and Quint, plus private assets and cash holdings.

• Entered into transition agreements with Liberty Media for services, facilities, and tax sharing.

Financial highlights

• Total revenue for Q2 2026 was $147.1 million, up from $138.6 million year-over-year; six-month revenue was $210.7 million, up from $185.7 million.

• Net loss for Q2 2026 was $268.7 million, compared to $180.3 million in Q2 2025; six-month net loss was $562.8 million, compared to $209.8 million in the prior year.

• Adjusted OIBDA for Q2 2026 was $8.0 million, up from $5.4 million; six-month Adjusted OIBDA was $0.3 million, up from a loss of $4.9 million.

• Cash and cash equivalents at June 30, 2026 were $523.3 million.

Outlook and guidance

• Management expects available liquidity, including $400 million under the Live Nation Margin Loan, to be sufficient for projected uses of cash.

• Ongoing macroeconomic and geopolitical uncertainty, including Middle East conflicts, may impact event scheduling and results, particularly for Quint.