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Tracking-stock holding company split off from Liberty Media in December 2025, whose main asset is a roughly 30% stake in Live Nation Entertainment.
Tracking-stock holding company split off from Liberty Media in December 2025, whose main asset is a roughly 30% stake in Live Nation Entertainment.
Is a holding company whose value rests on its stake in Live Nation, the concert promoter and Ticketmaster owner; as Live Nation pays no dividend, the stake produces no cash income, and the holding's worth moves with Live Nation's share price. Its separation from Liberty Media in December 2025 made it a stand-alone listing.
Moat: none. Essentially a holding vehicle for a Live Nation stake; value tracks the underlying investment rather than an operating moat.
Headquarters: Englewood, Colorado, USA · Founded: 2025 · Employees: 300
Size Liberty Live Holdings, Inc. Registered Series -A- (LLYVA) is a United States Communication Services company (Movies/Entertainment) with a market value of $9.64B, the 795th largest of 3,117 United States companies the cockpit tracks. Shares closed at $102.14 on 6 Nov 2026.
Performance Over six months the shares gained 9.1%, against +11.1% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth The operating margin is -12.7% (peer median 13.6%).
Valuation It trades at 29.5× enterprise value to sales against a peer median of 3.8× (2nd most expensive of 21).
Capital Return on invested capital runs 12.6 points below its cost of capital (8.9% WACC).
Credit Liberty Live Holdings, Inc. Registered Series -A- has 1 bond outstanding ($1.12B).
Short interest Short interest is 6.3% of the free float (15 Oct 2026).
Next results Next results expected around 2 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | n/a | $382M | $0 | $0 |
| Revenue growth | — | — | — | — |
| Gross profit | n/a | $50.6M | $0 | $0 |
| EBITDA | n/a | -$22.4M | -$11.0M | -$11.0M |
| Net income | n/a | -$87.0M | -$31.0M | -$142M |
| Free cash flow | n/a | -$29.5M | -$14.0M | n/a |
| Capital expenditure | n/a | $0 | $0 | n/a |
| Total debt | $2.13B | $1.67B | $1.56B | $1.32B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Liberty Live Holdings, Inc. Registered Series -A- LLYVA | $9.64B | +9% | n/a | -13% | 29.5× | n/a |
| Live Nation Entertainment LYV | $41.3B | +7% | +11% | 6% | 1.7× | 18.6% |
| Liberty Media FWONA | $27.3B | +18% | +12% | 12% | 7.3× | 29.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LLYVA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.8% | +10.7% | 8th lowest of 20 |
| 6-month return | +9.1% | +11.1% | 9th lowest of 20 |
| Distance from 52-week high | -6.0% | -16.7% | 5th highest of 20 |
| Operating margin | -12.7% | 13.6% | 2nd lowest of 21 |
| EV / Sales | 29.5× | 3.8× | 2nd most expensive of 21 |
| ROIC minus cost of capital | -12.6 pp | +1.7 pp | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Liberty Live Holdings, Inc. Registered Series -A- LLYVA | United States | $9.64B | +9% | n/a | -13% | 29.5× | n/a | n/a |
| Toho 9602.T | Japan | $9.44B | +22% | +4% | 16% | 4.0× | 7.9% | +13.4% |
| DraftKings DKNG | United States | $9.19B | -27% | +15% | -3% | 1.6× | 9.7% | +58.0% |
| Lottery TLC.AX | Australia | $8.47B | +4% | -5% | 16% | 4.0× | 9.9% | +3.8% |
| MSG Knickerbockers MSGK | United States | $7.51B | n/a | +11% | 3% | 7.4× | 61.1% | +22.6% |
| Churchill Downs CHDN | United States | $6.71B | +11% | +4% | 26% | 3.7× | 2.3% | +22.7% |
| CTS Eventim AG & Co. KGaA EVD.DE | Germany | $6.68B | +11% | +14% | 15% | 1.5× | 6.8% | +64.3% |
| Genting Singapore G13.SI | Singapore | $5.76B | -10% | +2% | 15% | 1.8× | -5.0% | +18.2% |
| Beijing Enlight Media 300251.SZ | China | $5.49B | -16% | -71% | -57% | 31.8× | n/a | n/a |
| Benefit Systems BFT.WA | Poland | $5.18B | +54% | +40% | 19% | 4.3× | 13.4% | +34.3% |
| Cinemark CNK | United States | $4.51B | +44% | +13% | 15% | 1.9× | 2.4% | +35.3% |
| China Film 600977.SS | China | $4.48B | +16% | 0% | -9% | 4.4× | -7.1% | +10.4% |
| Lionsgate Studios LION | United States | $4.24B | +16% | -8% | 6% | 2.7× | 18.6% | -8.0% |
| Toei Animation 4816.T | Japan | $4.17B | +23% | -2% | 31% | 5.9× | 0.5% | +12.7% |
| Manchester United MANU | United States | $3.90B | +15% | +5% | -2% | 5.2× | 18.3% | +6.5% |
| Banijay BNJ.AS | Netherlands | $3.83B | -13% | +7% | 14% | 1.8× | -4.5% | +18.1% |
| Madison Square Garden Entertainment MSGE | United States | $3.65B | +18% | +16% | 17% | 4.1× | 5.0% | +66.9% |
| Atlanta Braves BATRA | United States | $3.23B | +1% | +6% | -9% | 5.3× | n/a | n/a |
| Itv ITV.L | United Kingdom | $3.23B | -16% | +2% | 13% | 0.9× | -2.8% | +4.8% |
| Ruyi Film Entertainment 002739.SZ | China | $2.94B | -9% | -8% | 3% | 2.3× | 6.7% | +15.4% |
| AMC Entertainment AMC | United States | $2.80B | +109% | +6% | 5% | 1.9× | n/a | n/a |
Liberty Live Holdings, Inc. Registered Series -A- has 1 bond outstanding with $1.12B face value.