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Liberty Live Holdings, Inc.（LLYVA）与Reservoir Media, Inc.（RSVR）财务数据对比。点击上方公司名可切换其他公司
Liberty Live Holdings, Inc.的季度营收约是Reservoir Media, Inc.的1.4倍（$61.7M vs $45.6M）。Reservoir Media, Inc.净利率更高（4.8% vs -90.3%，领先95.1%）。Reservoir Media, Inc.同比增速更快（7.7% vs -3.8%）
自由媒体集团是1991年由约翰·C·马龙创立的美国大型传媒企业，旗下设两大业务板块，各对应独立追踪股票，分别持有一级方程式集团和Live Nation娱乐的股权，截至2025年还拥有F1、MotoGP、世界超级摩托车锦标赛三项全球顶级赛车运动业务所有权。
Reservoir Media是全球领先的独立音乐版权管理企业，拥有并管理海量录音、音乐出版及邻接权版权库，合作各流派知名词曲作者、歌手与制作人，为流媒体平台、影视制作、广告、现场演出等场景提供版权授权服务，业务覆盖北美、欧洲、亚太等主要市场。
LLYVA vs RSVR — 直观对比
营收规模更大
LLYVA
是对方的1.4倍
$45.6M
营收增速更快
RSVR
高出11.5%
-3.8%
净利率更高
RSVR
高出95.1%
-90.3%
损益表 — Q3 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $61.7M | $45.6M |
| 净利润 | $-55.7M | $2.2M |
| 毛利率 | 20.6% | 64.5% |
| 营业利润率 | -27.2% | 22.7% |
| 净利率 | -90.3% | 4.8% |
| 营收同比 | -3.8% | 7.7% |
| 净利润同比 | -464.7% | -58.1% |
| 每股收益（稀释后） | — | $0.03 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LLYVARSVR
| Q4 25 | — | $45.6M | ||
| Q3 25 | $61.7M | $45.4M | ||
| Q2 25 | — | $37.2M | ||
| Q1 25 | — | $41.4M | ||
| Q4 24 | — | $42.3M | ||
| Q3 24 | $64.2M | $40.7M | ||
| Q2 24 | — | $34.3M | ||
| Q1 24 | — | $39.1M |
净利润LLYVARSVR
| Q4 25 | — | $2.2M | ||
| Q3 25 | $-55.7M | $2.3M | ||
| Q2 25 | — | $-555.7K | ||
| Q1 25 | — | $2.7M | ||
| Q4 24 | — | $5.2M | ||
| Q3 24 | $15.3M | $185.0K | ||
| Q2 24 | — | $-346.7K | ||
| Q1 24 | — | $2.8M |
毛利率LLYVARSVR
| Q4 25 | — | 64.5% | ||
| Q3 25 | 20.6% | 63.6% | ||
| Q2 25 | — | 64.5% | ||
| Q1 25 | — | 65.6% | ||
| Q4 24 | — | 64.4% | ||
| Q3 24 | 13.2% | 63.5% | ||
| Q2 24 | — | 61.3% | ||
| Q1 24 | — | 63.4% |
营业利润率LLYVARSVR
| Q4 25 | — | 22.7% | ||
| Q3 25 | -27.2% | 23.5% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | 22.6% | ||
| Q3 24 | -22.6% | 24.9% | ||
| Q2 24 | — | 14.5% | ||
| Q1 24 | — | 22.4% |
净利率LLYVARSVR
| Q4 25 | — | 4.8% | ||
| Q3 25 | -90.3% | 5.0% | ||
| Q2 25 | — | -1.5% | ||
| Q1 25 | — | 6.4% | ||
| Q4 24 | — | 12.4% | ||
| Q3 24 | 23.8% | 0.5% | ||
| Q2 24 | — | -1.0% | ||
| Q1 24 | — | 7.1% |
每股收益（稀释后）LLYVARSVR
| Q4 25 | — | $0.03 | ||
| Q3 25 | — | $0.03 | ||
| Q2 25 | — | $-0.01 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0.08 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-0.01 | ||
| Q1 24 | — | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $375.8M | $20.6M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $-409.2M | $373.6M |
| 总资产 | $1.9B | $941.9M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LLYVARSVR
| Q4 25 | — | $20.6M | ||
| Q3 25 | $375.8M | $27.9M | ||
| Q2 25 | — | $14.9M | ||
| Q1 25 | — | $21.4M | ||
| Q4 24 | — | $17.8M | ||
| Q3 24 | — | $21.1M | ||
| Q2 24 | — | $16.4M | ||
| Q1 24 | — | $18.1M |
总债务LLYVARSVR
| Q4 25 | — | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LLYVARSVR
| Q4 25 | — | $373.6M | ||
| Q3 25 | $-409.2M | $370.9M | ||
| Q2 25 | — | $368.9M | ||
| Q1 25 | — | $364.9M | ||
| Q4 24 | — | $359.5M | ||
| Q3 24 | $44.6M | $357.9M | ||
| Q2 24 | — | $353.0M | ||
| Q1 24 | — | $353.0M |
总资产LLYVARSVR
| Q4 25 | — | $941.9M | ||
| Q3 25 | $1.9B | $903.5M | ||
| Q2 25 | — | $857.0M | ||
| Q1 25 | — | $865.1M | ||
| Q4 24 | — | $832.4M | ||
| Q3 24 | — | $778.2M | ||
| Q2 24 | — | $768.2M | ||
| Q1 24 | — | $783.5M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-28.9M | $12.9M |
| 自由现金流经营现金流 - 资本支出 | — | $12.8M |
| 自由现金流率自由现金流/营收 | — | 28.1% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | — | 5.89× |
| 过去12个月自由现金流最近4个季度 | — | $50.1M |
8季度趋势，按日历期对齐
经营现金流LLYVARSVR
| Q4 25 | — | $12.9M | ||
| Q3 25 | $-28.9M | $19.3M | ||
| Q2 25 | — | $6.0M | ||
| Q1 25 | — | $12.2M | ||
| Q4 24 | — | $11.2M | ||
| Q3 24 | — | $13.3M | ||
| Q2 24 | — | $8.6M | ||
| Q1 24 | — | $13.8M |
自由现金流LLYVARSVR
| Q4 25 | — | $12.8M | ||
| Q3 25 | — | $19.2M | ||
| Q2 25 | — | $6.0M | ||
| Q1 25 | — | $12.2M | ||
| Q4 24 | — | $11.2M | ||
| Q3 24 | — | $13.3M | ||
| Q2 24 | — | $8.5M | ||
| Q1 24 | — | $13.8M |
自由现金流率LLYVARSVR
| Q4 25 | — | 28.1% | ||
| Q3 25 | — | 42.2% | ||
| Q2 25 | — | 16.1% | ||
| Q1 25 | — | 29.3% | ||
| Q4 24 | — | 26.5% | ||
| Q3 24 | — | 32.7% | ||
| Q2 24 | — | 24.9% | ||
| Q1 24 | — | 35.2% |
资本支出强度LLYVARSVR
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.0% |
现金转化率LLYVARSVR
| Q4 25 | — | 5.89× | ||
| Q3 25 | — | 8.54× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 4.56× | ||
| Q4 24 | — | 2.14× | ||
| Q3 24 | — | 71.97× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 4.93× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LLYVA
暂无分部数据
RSVR
| Other | $18.9M | 42% |
| Recorded Music Segment | $12.9M | 28% |
| Performance | $6.2M | 14% |
| Synchronization | $4.6M | 10% |
| Physical | $1.9M | 4% |
| Neighboring Rights | $1.1M | 3% |
