Quarterly ResultMay 7, 2026, 04:09 PM
Liberty Live Q1 Net Loss $(294.1)M; Debenture Exchange
AI Summary
Liberty Live Holdings reported a significant net loss of $(294.1) million for the first quarter of 2026, a substantial increase from the $(29.5) million loss in the prior year. This was primarily driven by a large share of losses from affiliates and realized/unrealized losses on financial instruments. Total revenue increased to $63.6 million. The company also completed a privately negotiated exchange of approximately $1.116 billion of Old Debentures for New Debentures in March 2026.
Key Highlights
- Liberty Live Q1 net loss was $(294.1) million, significantly wider than $(29.5) million in Q1 2025.
- Basic net loss per share was $(3.20), compared to $(0.32) in the prior year quarter.
- Total revenue, net, increased to $63.6 million from $47.1 million year-over-year.
- Share of losses from affiliates, net, was $(124.3) million, reversing $1.5 million earnings.
- Realized and unrealized losses on financial instruments totaled $(229.6) million.
- Exchanged $1.116 billion Old Debentures for New Debentures in a non-cash transaction.
- Live Nation, an equity affiliate, reported a net loss of $(389) million.