LiveOne (LVO) Company Report

LiveOne, Inc. reported consolidated revenue of $18.8M and Adjusted EBITDA of -$1.0M for Q2 Fiscal Year 2026 (ended September 30, 2025).
For the full Fiscal Year 2025 (ended March 31, 2025), the company reported consolidated revenue of $114.4M and Adjusted EBITDA of $8.4M.
LiveOne's subsidiary, PodcastOne (PODC), raised its Fiscal 2026 guidance to $56 - 60 million in revenue and $4.5 - 6 million in Adjusted EBITDA.
As of November 15, 2024, the company had repurchased 4.4 million shares of common stock, with approximately $6.2M worth of shares remaining for repurchase under its program.
LiveOne's Slacker Radio renewed its annual agreement with Tesla through May 2026, contributing to a 78% increase in direct-billed Premium subscribers and a 130% increase in overall direct-billed subscribers since October 2024.

Nov 26, 2025, 1:30 PM

LiveOne Reports Q2 Fiscal 2026 Results, Highlights B2B Growth and AI-Driven Transformation

LVO

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

LiveOne reported Q2 fiscal 2026 consolidated revenue of $18.8 million and a net loss of $5.7 million, or $0.52 per diluted share, for the quarter ended September 30, 2025. The audio division contributed $18.2 million in revenue with $0.7 million adjusted EBITDA, while PodcastOne achieved record revenue of $15.2 million and $1.1 million adjusted EBITDA.
The company has undergone a significant transformation, recovering from a $50 million revenue loss from Tesla by reducing staff from 350 to 95 and cutting costs from $22 million to $6 million through AI utilization.
LiveOne expanded its Amazon partnership to over $20 million and a Fortune 250 partner deal to over $26 million annually. It also successfully converted 60% of 2 million Tesla cars and is using AI marketing to convert free users to paid subscribers, expecting a 5-10% increase in conversions.
The podcast business is a key growth driver, with Q2 revenue over $15 million and projected FY 2026 revenue of $56-$60 million and $4.5-$6 million in EBITDA. Three podcasts have also been sold for television development.
The company is pursuing 72 additional B2B partnerships and plans to launch a new major project with a partner having 30 million monthly paying subscribers this year, adding to $52 million in existing contractual B2B deals. LiveOne continues its stock buyback program, having repurchased over $6 million of stock.

Nov 12, 2025, 3:00 PM

LiveOne Reports Q2 Fiscal 2026 Results and Provides Fiscal 2026 Guidance

LVO

Earnings

Guidance Update

New Projects/Investments

LiveOne reported $18.8 million in revenue for Q2 Fiscal 2026 and $38 million for the first six months of Fiscal 2026, with an overall Adjusted EBITDA loss of ($1.0) million for Q2 Fiscal 2026 and ($2.829) million for 1H Fiscal 2026.
The company significantly reduced quarterly operating expenses from $22 million to $6 million and staff from 350 to 95 through AI efficiencies.
Strategic highlights include securing over $52 million in contracted revenues from 7 major B2B deals, expanding the Amazon partnership to a $20M+ annual run rate, and projecting PodcastOne Fiscal 2026 revenue of $56–60 million and Adjusted EBITDA of $4.5–6 million.

Nov 12, 2025, 1:30 PM

LiveOne Reports Q2 and 1H Fiscal 2026 Financial Results

LVO

Earnings

Guidance Update

Share Buyback

LiveOne reported Q2 Fiscal 2026 revenue of $18.8 million and a net loss of ($5.684) million.
For the first six months (1H Fiscal 2026), the company's revenue was $37.969 million and the net loss was ($9.568) million.
The Audio Division generated over $18 million in Q2 Fiscal 2026 revenue and maintained a positive segment Adjusted EBITDA of $0.7 million.
PodcastOne's Fiscal 2026 guidance projects revenue between $56 million and $60 million and Adjusted EBITDA between $4.5 million and $6 million.
The company has $5+ million capacity remaining in its current board-approved share buyback program.