revenue
—
FY 2029
management framework
LIVEONE, INC.
Last · NasdaqCM$2.33-0.23 (-8.98%)close · yahoo · 15h ago
Market cap$31.95M13.7M sh
P/E · TTM-1.4fwd -46.6 · eps -1.66 · loss
Beta1.72vs S&P 500
Div yield0.00%annual · TTM
52w range
$2.24$7.19
Volume12.0Ksession
| Revenue | $77.1M |
|---|---|
| Operating income | $-15.5M |
| Net income | $-22.2M |
| Free cash flow | $-13.7M |
| Operating margin | -20.1% |
| Net margin | -28.7% |
| Period | 2026 |
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OpenFilings analyst
Our analyst
Agentic read of the latest earnings call — recommendation updates when we process a new transcript. Research synthesis, not investment advice.
Strong BuyBuyHoldSellStrong Sell
Hold off on buying despite the strong headline quarter:
revenue was $19.4 million and adjusted EBITDA was $4.3 million, but $1.5 million of Slacker EBITDA came from liability eliminations and additional gains came from stock-for-service deals. PodcastOne is the credible growth engine at $16.1 million of revenue and $1.6 million of adjusted EBITDA, yet cash was only $8.6 million, equity remained negative at $13.7 million, and the $250 million three-year revenue vision remains execution-dependent rather than guidance.
Themes
- Podcastone Growth
- Slacker Normalization
- B2b Distribution
- Netflix Partnership
- Ai Content Licensing
- M And A Pipeline
Near term
PodcastOne growth and margin progression are the key near-term operating tests; management cited continued momentum but provided no quantified quarterly or annual outlook.
A promised 30- to 45-day update on AT&T automotive distribution and 60- to 90-day updates on smart-TV usage could provide the first evidence that B2B partnerships are converting into material revenue.
AI licensing could begin contributing next quarter, but discussions with 17 AI businesses are not signed contracts and the quoted $100-$500 per hour is a management-indicated market opportunity, not revenue guidance.
Slacker reported $4.7 million of adjusted EBITDA on $2.5 million of revenue; normalized results will be substantially weaker without liability eliminations and stock-for-service arrangements.
Longer term
The thesis depends on turning distribution relationships with Netflix, Amazon, Paramount, carriers, retailers and device platforms into measurable audience, advertising, subscription and licensing revenue; management supplied little usage or contract economics.
PodcastOne's move from roughly $17 million of acquired revenue to a stated run rate above $60 million supports the flywheel thesis, but further M&A and B2B execution are needed to approach the $250 million target.
The leaner cost structure is a genuine improvement, with headcount reduced from a peak of 350 to roughly 80, but rebuilding sales and partnership personnel could raise costs before revenue scales.
Competitive positioning remains unproven: management expects streaming platforms to add or acquire audio, but analysts received no evidence that LiveOne has durable negotiating power versus larger podcast networks or platform-owned content.
Red flags
The CFO explicitly said Q1 included approximately $1.5 million of one-time Slacker liability pickups and that margins should return to normal; the quarter's consolidated EBITDA therefore overstates recurring profitability.
Management declined to disclose Netflix's payment model, customer usage, conversion, or subscription economics. The claim of access to 700 million global members does not establish monetization.
The $250 million revenue target was repeatedly framed around execution and hypothetical prior trajectories, including the statement that Tesla contract changes derailed the path; no segment mix, EBITDA target, capital needs, or probability framework was provided.
The company repurchased $7 million of a $12 million authorization while holding only $8.6 million of cash and negative stockholders' equity. Separately, management indicated additional stock-for-service deals at $7.50 or better, creating dilution risk.
The stated $400 million M&A pipeline and an imminent transaction were not accompanied by target names, valuation, financing terms, or leverage constraints.
Forward outlook
OpenFilings analyst view from primary-source filings and earnings calls — not investment advice.
From latest 10-K · 2026-06-29
- Going Concern
- Revenue Decline
- Oem Concentration
- Podcastone Advertising
- Bitcoin Treasury
- Material Weakness
- Financing Risk
- Stock Based Compensation
Red flags
- Going-concern warning: cash, cash equivalents and restricted cash were $5.4 million at March 31, 2026, against a $19.1 million working-capital deficiency and a $21.3 million net loss.
- Revenue declined 33% year over year to $77.1 million; paid-user services fell 79% to $12.0 million, and cost of sales still consumed 84% of revenue.
- One customer represented 7% of consolidated revenue in fiscal 2026 versus 45% in fiscal 2025, creating material volatility despite the lower current-year concentration.
- Management concluded disclosure controls and internal control over financial reporting were ineffective as of March 31, 2026 and identified material weaknesses.
- Stock-based compensation increased 46% to $11.2 million, including $5.7 million in general and administrative expense and $5.0 million in cost of sales.
- The company recognized a $2.1 million loss from changes in the fair value of digital assets while holding 43.15 bitcoins purchased for $5.0 million; those assets are less liquid than cash and concentrated in a single volatile asset.
Upcoming earnings
1:30 PM UTC+1
Period
Sep 2026
Est. EPS
−$0.32
Est. revenue
19.9M
Earnings transcripts
Press & signals
- GlobeNewswire
LiveOne (Nasdaq: LVO) Expands PPVOne Partnership with Bare Knuckle Ice Wars Following ESPN Debut and More Than 15 Million Social Media Views
- GlobeNewswire
LiveOne (Nasdaq: LVO) Delivers Record Q1 Fiscal 2027 Results with $19.4 Million Revenue and $4.3 Million Adjusted EBITDA; PodcastOne Posts Record $16.1 Million Revenue
- GlobeNewswire
LiveOne (Nasdaq: LVO) Delivers Strong Fiscal 2026 Performance with $77.1M Revenue; Audio Division Drives Growth with $73.5M Revenue and $6.1M+ Adjusted EBITDA*; Raises Fiscal 2027 Outlook
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