LiveOne (LVO) Reports Q1 Fiscal 2026 Revenue of $19.2 Million, Eliminating $14.1 Million in Short-term Liabilities Year Over Year

Staff Reduction: 31% staff reduction, from 138 to 95 employees.

Partnerships: Expanded B2B partnerships, including:

$16.5M Amazon deal via PodcastOne: 3-year partnership.

Fortune 250 Streaming Network: 26 million+ revenue partnership.

To Launch with $100B+ company with 30 million+ paying subscribers.

PodcastOne (PODC) Reports Record $15M Q1 2026 Revenue

Ad Growth: DAX partnership achieves 30% to 82% ad growth in Tesla cars, with ARPU increasing from $3-5.

Equity Raise: completed $10.2 million equity raise for Bitcoin yield strategy and Web3 initiatives.

Web3 Team: Added Steve McClurg, Steve Lehman, and Andy Vick to monetize 10,000+ hours of video content through tokens, NFTs, and other digital assets.

TV Shows: Sold three TV shows (Varnamtown, Vigilante, and Opportunist) to major streaming networks.

Live Event: To launch its biggest live event, a reality Olympics series, building on the success of Social Gloves, which delivered $27 million in revenue and $4.5 million in EBITDA.

M&A Opportunities: Continues to aggressively review potential merger and acquisition opportunities, including potential sale of a subsidiary.

LOS ANGELES, Aug. 13, 2025 (GLOBE NEWSWIRE) -- LiveOne (NASDAQ:LVO), an award-winning, creator-first, music, entertainment, and technology platform, announced today its operating results for the first fiscal quarter ("Q1 Fiscal 2026") of its fiscal year ending March 31, 2026 ("Fiscal 2026"). LiveOne will host a conference call and webcast today, August 13, 2025.

LiveOne's CEO and Chairman, Robert Ellin, stated, "Momentum is building again at LiveOne, and we're excited to build our flywheel with amazing partners like Amazon, Fortune 250 companies, and DAX. With our expanded Web3 team and strategic initiatives, we're poised for continued growth and success."

Q1 Fiscal 2026 and Q1 Fiscal 2025 Results Summary (in $000's, except per share; unaudited)

 

Three Months Ended

 

June 30,

 

 

2025

 

 

 

2024

 

 

 

 

 

Revenue

$

19,207

 

 

$

33,078

 

Operating loss

$

(4,034

)

 

$

(784

)

Total other income (expense)

$

170

 

 

$

(724

)

Net loss

$

(3,864

)

 

$

(1,557

)

Adjusted EBITDA*

$

(1,812

)

 

$

2,903

 

Net loss per share basic and diluted

$

(0.04

)

 

$

(0.02

)

 

 

 

 

 

 

 

 

Q1 Fiscal 2026 Results Summary Discussion

For Q1 Fiscal 2026, LiveOne posted revenue of $19.2 million versus $33.1 million in the same period in the prior year, driven primarily by reductions in Slacker revenues.

Q1 Fiscal 2026 Operating Loss was ($4.0) million compared to a ($0.8) million Operating Loss in the first quarter ended June 30, 2024 ("Q1 Fiscal 2025"). The $4.0 million in Operating Loss was largely a result of a decrease in Slacker revenue offset by reductions in operating expenses.

Q1 Fiscal 2026 Adjusted EBITDA* was ($1.8) million, as compared to Q1 Fiscal 2025 Adjusted EBITDA* of $2.9 million, a decrease of $4.7 million. Q1 Fiscal 2026 Adjusted EBITDA* was comprised of Audio Division Adjusted EBITDA* of $0.4 million, Other Operations Adjusted EBITDA* of ($0.7) million and Corporate Adjusted EBITDA* of ($1.5) million. Audio Division Adjusted EBITDA* of $0.4 million was driven by decrease in Slacker revenues.

Q1 Fiscal 2026 Earnings Conference Call and Webcast

 

Date:

Wednesday, August 13, 2025

Time:

10:00 AM Eastern Time (7:00 AM Pacific Time)

Webcast Link:

https://events.q4inc.com/attendee/432398509

Dial-in:

(800) 715-9871

International Dial-in:

+1 (646) 307-1963

Conference Code:

2892444

 

 

About LiveOneHeadquartered in Los Angeles, CA, LiveOne (Nasdaq: LVO) is an award-winning, creator-first, music, entertainment, and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. LiveOne's subsidiaries include Slacker, PodcastOne (Nasdaq: PODC), PPVOne, Custom Personalization Solutions, LiveXLive, DayOne Music Publishing, Drumify and Splitmind. LiveOne, a dedicated over-the-top application powered by Slacker, is available on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR's OTT applications. For more information, visit liveone.com and follow us on Facebook, Instagram, TikTok, YouTube and X For more investor information, please visit ir.liveone.com.

Forward-Looking StatementsAll statements other than statements of historical facts contained in this press release are "forward-looking statements," which may often, but not always, be identified by the use of such words as "may," "might," "will," "will likely result," "would," "should," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "continue," "target" or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: LiveOne's reliance on its largest OEM customer for a substantial percentage of its revenue; LiveOne's ability to consummate any proposed financing, acquisition, spin-out, special dividend, merger, distribution or transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; LiveOne's ability to continue as a going concern; LiveOne's ability to attract, maintain and increase the number of its users and paid members; LiveOne identifying, acquiring, securing and developing content; LiveOne's ability to implement its recently announced crypto treasury strategy and/or purchase crypto assets from time to time pursuant to such strategy, including for the maximum announced amount; LiveOne's intent to repurchase shares of its and/or PodcastOne's common stock from time to time under LiveOne's announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne's ability to maintain compliance with certain financial and other debt covenants; LiveOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management's relationships with industry stakeholders; LiveOne's ability to repay its indebtedness when due; LiveOne's ability to satisfy the conditions for closing on its announced additional convertible debentures financing; uncertain and unfavorable outcomes in legal proceedings and/or LiveOne's ability to pay any amounts due in connection with any such legal proceedings; significant legal, commercial, regulatory and technical uncertainty and risks related to Bitcoin, Ethereum and other digital assets; regulatory developments related to crypto assets and crypto asset markets; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of LiveOne's subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in LiveOne's Annual Report on Form 10-K for the fiscal year ended March 31, 2025, filed with the U.S. Securities and Exchange Commission (the "SEC") on July 15, 2025, and in LiveOne's other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and LiveOne disclaims any obligation to update these statements, except as may be required by law. LiveOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

* About Non-GAAP Financial Measures To supplement our consolidated financial statements, which are prepared and presented in accordance with the accounting principles generally accepted in the United States of America ("GAAP"), we present Contribution Margin (Loss) and Adjusted Earnings Before Interest Tax Depreciation and Amortization ("Adjusted EBITDA"), which are non-GAAP financial measures, as measures of our performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, or superior to, operating loss and or net income (loss) or any other performance measures derived in accordance with GAAP or as an alternative to net cash provided by operating activities or any other measures of our cash flows or liquidity.

We use Contribution Margin (Loss) and Adjusted EBITDA to evaluate the performance of our operating segments. We believe that information about these non-GAAP financial measures assists investors by allowing them to evaluate changes in the operating results of our business separate from non-operational factors that affect operating income (loss) and net income (loss), thus providing insights into both operations and the other factors that affect reported results. Adjusted EBITDA is not calculated or presented in accordance with GAAP. A limitation of the use of Adjusted EBITDA as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in our business. Accordingly, Adjusted EBITDA should be considered in addition to, and not as a substitute for operating income (loss), net income (loss), and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, Adjusted EBITDA as presented herein may not be comparable to similarly titled measures of other companies.

Contribution Margin (Loss) is defined as Revenue less Cost of Sales before (a) Cost of Sales share-based compensation expense, (b) depreciation, and (c) amortization of developed technology. Adjusted EBITDA is defined as earnings before interest, other (income) expense, income tax expense, depreciation and amortization and before (a) non-cash GAAP purchase accounting adjustments for certain deferred revenue and costs, (b) legal, accounting and other professional fees directly attributable to acquisition activity, (c) employee severance payments and third party professional fees directly attributable to acquisition or corporate realignment activities, (d) certain non-recurring expenses associated with legal settlements or reserves for legal settlements in the period that pertain to historical matters that existed at acquired companies prior to their purchase date and a one-time minimum guarantee to effectively terminate a live events distribution agreement post COVID-19, and (e) certain stock-based compensation expense. Management does not consider these costs to be indicative of our core operating results.

With respect to projected full Fiscal 2026 Adjusted EBITDA, a quantitative reconciliation is not available without unreasonable efforts due to the high variability, complexity and low visibility with respect to purchase accounting adjustments, acquisition-related charges and legal settlement reserves excluded from Adjusted EBITDA. We expect that the variability of these items to have a potentially unpredictable, and potentially significant, impact on our future GAAP financial results.

For more information on these non-GAAP financial measures, please see the tables entitled "Reconciliation of Non-GAAP Measure to GAAP Measure" included at the end of this release.

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Financial Information

The tables below present financial results for the three months ended June 30, 2025 and 2024.

 LiveOne, Inc.Consolidated Statements of Operations (Unaudited)(In thousands, except share and per share amounts)

 

 

 

 

 

Three Months Ended

 

 

June 30,

 

 

 

2025

 

 

 

2024

 

 

 

 

 

 

Revenue:

 

$

19,207

 

 

$

33,078

 

 

 

 

 

 

Operating expenses:

 

 

 

 

Cost of sales

 

 

16,825

 

 

 

25,087

 

Sales and marketing

 

 

1,261

 

 

 

1,431

 

Product development

 

 

934

 

 

 

1,071

 

General and administrative

 

 

4,076

 

 

 

5,505

 

Impairment of intangible assets

 

 

-

 

 

 

176

 

Amortization of intangible assets

 

 

145

 

 

 

592

 

Total operating expenses

 

 

23,241

 

 

 

33,862

 

Loss from operations

 

 

(4,034

)

 

 

(784

)

 

 

 

 

 

Other income (expense):

 

 

 

 

Interest expense, net

 

 

(687

)

 

 

(859

)

Other income (expense)

 

 

857

 

 

 

135

 

Total other expense, net

 

 

170

 

 

 

(724

)

 

 

 

 

 

Loss before provision for income taxes

 

 

(3,864

)

 

 

(1,508

)

 

 

 

 

 

Provision for income taxes

 

 

-

 

 

 

49

 

Net loss

 

 

(3,864

)

 

 

(1,557

)

Net loss attributable to non-controlling interest

 

 

(271

)

 

 

(388

)

Net loss attributed to LiveOne

 

$

(3,593

)

 

$

(1,945

)