Liberty Live Holdings Inc
LLYVKBuild a strategy around LLYVK
Liberty Live Holdings Inc AI Insights
Informational only. Not investment advice.Snapshot
- Negative equity of -556M with 1.9B debt due currently - balance sheet severely distressed. Total debt equals 126% of total assets.[Total Equity]
- Zero revenue TTM yet 7.5B market cap - valuation entirely dependent on equity investments (Live Nation stake) worth ~9B EV.[Total Revenue TTM]
- Equity investment losses of -124M TTM plus 177M gain on security sales - holding company with volatile mark-to-market swings.[Earnings/Losses from Equity Investments]
Watch Triggers
- Current Debt: Refinancing announcement or maturity extension — 1.9B due now - failure to refinance could force asset sales at distressed prices
- Earnings/Losses from Equity Investments: Quarterly swing >100M in either direction — Live Nation performance directly flows through - only value driver
- Cash and Equivalents: Falls below 200M — 297M cash vs 1.9B debt - liquidity buffer already thin
Bull Case
Live Nation stake (~9B EV implied) provides exposure to dominant live entertainment platform at discount to direct ownership.
Positive EPS of 1.89 TTM despite operating losses - security gains can offset holding costs when markets cooperate.
Bear Case
1.9B current debt with only 297M cash creates immediate refinancing risk. Negative working capital of -1.6B is existential.
P/E of 43x for a non-operating holding company with -17% EPS decline and negative equity offers no margin of safety.
Bull vs Bear Balance
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Forward Thesis
LLYVK is a leveraged bet on Live Nation's performance, not an operating business
- Zero operating revenue
- 1.9B current debt vs 297M cash
- Equity investment losses drive P&L
Valuation Context
Caveats
LLYVK Fundamentals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$9.38B | — | ||
$10.67B | — | ||
0.00 | — | ||
$398.51M | — | ||
$-3.83 | — | ||
-12.8% | -12.8% | — | |
-88.2% | -88.2% | — | |
$-21.61M | — | ||
0% | — | ||
Beta 5Y (Monthly) | unknown | — |
LLYVK Dividend History
LLYVK Stock Splits
LLYVK SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/07/26 | 03/31/26 | 10-Q | |
02/26/26 | 12/31/25 | 10-K | |
11/05/25 | 09/30/25 | 10-Q | |
08/07/25 | 06/30/25 | 10-Q | |
05/07/25 | 03/31/25 | 10-Q | |
02/27/25 | 12/31/24 | Unknown | |
11/12/24 | 09/30/24 | 10-Q | |
08/09/24 | 06/30/24 | 10-Q | |
05/08/24 | 03/31/24 | 10-Q | |
02/28/24 | 12/31/23 | 10-K | |
11/03/23 | 09/30/23 | 10-Q |