New Risk • May 11
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$352m Forecast net loss in 1 year: US$294m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$296m). Minor Risk Currently unprofitable and not forecast to become profitable next year (US$294m net loss next year). Breakeven Date Change • May 11
No longer forecast to breakeven The analyst covering Liberty Live Holdings no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of US$184.0m in 2026. New forecast suggests the company will make a loss of US$304.0m in 2026. Reported Earnings • May 11
First quarter 2026 earnings released: US$3.20 loss per share (vs US$0.32 loss in 1Q 2025) First quarter 2026 results: US$3.20 loss per share (further deteriorated from US$0.32 loss in 1Q 2025). Revenue: US$63.6m (up 35% from 1Q 2025). Net loss: US$294.1m (loss widened US$264.7m from 1Q 2025). Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Consumer Services industry in the US. 공고 • Mar 07
Liberty Live Holdings, Inc., Annual General Meeting, May 11, 2026 Liberty Live Holdings, Inc., Annual General Meeting, May 11, 2026. 공고 • Mar 06
Liberty Media Corporation Announces Transition of Renee Wilm from Chief Legal Officer and Chief Administrative Officer to Senior Advisor Liberty Media Corporation announced that Renee Wilm will transition from her role as Chief Legal Officer and Chief Administrative Officer of Liberty Media, Liberty Live and Liberty Broadband to become Senior Advisor to the companies, effective later this year. Ms. Wilm has served as Liberty’s Chief Legal Officer since 2019 and previously served the company as outside counsel for over two decades, helping guide the organization through many transformational transactions, capital restructurings and the continued evolution of Liberty’s portfolio of operating companies and investments. Ms. Wilm will also continue as Chief Legal Officer with GCI Liberty, Inc. New Risk • Feb 28
New major risk - Revenue and earnings growth Earnings have declined by 17% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$27m). Earnings have declined by 17% per year over the past 5 years. New Risk • Dec 26
New major risk - Negative shareholders equity The company has negative equity. Total equity: -US$387m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$387m). Minor Risk Currently unprofitable and not forecast to become profitable next year (US$14m net loss next year). New Risk • May 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Revenue is less than US$1m. Minor Risk Negative equity (-US$352m). 공고 • Feb 24
Liberty Live Group, Annual General Meeting, May 12, 2025 Liberty Live Group, Annual General Meeting, May 12, 2025. Location: new york city United States 공고 • Oct 11
Liberty Live Group to Report Q3, 2024 Results on Nov 07, 2024 Liberty Live Group announced that they will report Q3, 2024 results Pre-Market on Nov 07, 2024 New Risk • Sep 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Negative equity (-US$165m). Latest financial reports are more than 6 months old (reported December 2023 fiscal period end).