v3.26.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Total revenue, net $ 105,923 $ 61,729 $ 316,602 $ 247,391
Operating costs and expenses:        
Cost of revenue 85,807 49,035 254,271 200,997
Selling, general and administrative expenses, including stock-based compensation 25,156 22,954 72,006 63,530
Depreciation and amortization 6,566 6,531 19,565 19,588
Operating costs and expenses, total 117,529 78,520 345,842 284,115
Operating income (loss) (11,606) (16,791) (29,240) (36,724)
Other income (expense):        
Interest expense (7,599) (7,388) (22,626) (22,147)
Dividend and interest income 4,435 4,042 14,354 12,526
Share of earnings (loss) of affiliates, net (note 4) 130,188 125,156 88,391 198,052
Realized and unrealized gains (losses), net (note 3) 309,200 (175,735) (344,079) (481,559)
Other, net 1,590 (618) 1,015 (1,405)
Total other income (expense) 437,814 (54,543) (262,945) (294,533)
Earnings (loss) before income taxes 426,208 (71,334) (292,185) (331,257)
Income tax (expense) benefit (92,367) 15,600 63,225 65,724
Net earnings (loss) 333,841 (55,734) (228,960) (265,533)
Net earnings (loss) attributable to Liberty Live Group $ 333,841 $ (55,734) $ (228,960) $ (265,533)
Net earnings (loss) per share        
Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Live Group shareholders per common share (note 2) $ 3.63 $ (0.61) $ (2.49) $ (2.89)
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Live Group shareholders per common share (note 2) $ 3.6 $ (0.61) $ (2.49) $ (2.89)
Non-related party        
Total revenue, net $ 103,082 $ 60,746 $ 313,227 $ 245,953
Operating costs and expenses:        
Cost of revenue 50,884 32,876 189,894 159,501
Related party        
Total revenue, net 2,841 983 3,375 1,438
Operating costs and expenses:        
Cost of revenue $ 34,923 $ 16,159 $ 64,377 $ 41,496