Liquid Death raises capital from Live Nation and other investors

Basis

• USD 1.4bn enterprise value is treated as publicly disclosed or derived directly from public source data.
• Valuation covers 100% of the target; the amount invested or paid for a stake is separate.
• Implied EV / revenue is 4.2x, calculated from USD 1.4bn value and USD 333m revenue.
• Revenue and multiple inputs are not fully disclosed in public transaction materials reviewed; treat the multiple as an estimate.
• The $1.4 billion reported company valuation is used as estimated EV under the required convention; it is not a disclosed debt-adjusted EV. The $67 million is financing proceeds, not EV. No exact stake is established. Sacra estimates 2024 revenue at $333 million and describes investor materials as projecting roughly $340 million of 2025 revenue. The reported 4.2x multiple is a valuation-to-revenue multiple; its revenue period and calculation basis are not specified in the Multiples source. TechCrunch reports $263 million in 2023 retail sales through registers, not company revenue. Sacra separately reports revenue of $45 million in 2021, $110 million in 2022, and $263 million in 2023. Sacra estimates 2024 revenue at $333 million. Multiples reports a 4.2x revenue multiple without specifying the revenue period; the valuation and revenue figures are not asserted to share an explicit date basis.