Business
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
About this update from Liveone, Inc.
[{"type":"text","content":"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 RevenueAd 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...