LVO

Image source: The Motley Fool. Wednesday, Aug. 12, 2026, at 10:30 a.m. ET Chief Executive Officer and Chairman - Robert S. Ellin Interim Chief Financial Officer - Craig Christensen Operator: Good morning and thank you for standing by. Welcome to LiveOne's fiscal year 27 first quarter ended June 30, 2026 Financial Results and Business Update Conference Call. During today's call, all participants will be in a listen-only mode. Following the presentation, the conference will be opened for questions. Presenting on today's call is Robert S. Ellin, CEO and Chairman of LiveOne, and Craig Christensen, Interim CFO of LiveOne. I would like to remind you that some of the statements made on today's call are forward looking and are based on current expectations and forecasts and assumptions that involve various risks and uncertainties. These statements include, but are not limited to, statements regarding the future performance of the company, including expected future financial results and expected future growth in the business. Actual results may vary materially from those discussed on this call for a variety of reasons. Please refer to the company's filings with the SEC for information about factors which would cause the company's results to differ materially from these forward looking statements. Including those described in its annual report on Form 10-K for the year ended 03/31/2026 and subsequent SEC filings. You will find reconciliations of non GAAP financial measures to the most comparable GAAP financial measures discussed today in the company's earnings release, which is posted on its Investor Relations website. The company encourages you to periodically visit its Investor Relations website for important content. The following discussion including responses to your questions, contains time sensitive information and reflects management's view as of the date of this call, 08/12/2026. And except as required by law, the company does not undertake any obligation to update or revise this information after today's call. I would like to highlight to all participants that this call is being recorded. The company will make it available to investors and media via webcast and a replay will be available on its website in the Investor Relations section shortly following the conclusion of the call. Additionally, it is the property of the company and any redistribution transmission, or rebroadcast of this call or the webcast in any form without the company's expressed written consent is strictly prohibited. Now I would like to turn the call over to LiveOne's CEO, Robert S. Ellin. Robert S. Ellin: Thank you. Afternoon, everyone, and thank you for joining us. This was 1 of the most important and strongest quarters in the history of LiveOne. We delivered $19.3 million in revenues, and $18.6 million of audio revenues at a record $6.3 million of adjusted EBITDA. Our podcast delivered revenues of record revenues over $16.2 million and $1.6 million of adjusted EBITDA. But maybe just as importantly, we increased our cash position by $3.3 million increased our stockholders' equity by $7 million and eliminated $5 million of liabilities for the quarter. We have now completed $7 million of our $12 million of stock repurchase program and fully are prepared to continue to grow that and buy more and more stock at these low prices. We also acquired 150 thousand shares of PodcastOne and paid off all of the junior debt at PodcastOne. Our focus is simple. Grow revenues, grow EBITDA, generate cash, strengthen the balance sheet, and create shareholder value. And for the first time, I believe, we see a very clear path to the next level of scale. Our B2B pipeline is stronger than it ever has been. We now have partnerships and opportunities with over $10 trillion worth of companies. Across the world. We have signed major retail agreement with a 4-year agreement with 1 of the biggest retailers in the world. We are very close on a second retailer. And for the first time ever, we have partnered with Netflix and their 700 million global members. Our relationships continue to grow across Apple, Amazon, Alphabet, AT and T, Samsung, LG, VIZIO, and many of the most important largest companies in the world. We are also seeing very meaningful expansion with our existing partners, Amazon representing over $20 million. And Paramount has now passed and on its way over $27 million in revenues. This continues to demonstrate the accelerating opportunity across our major global distribution partners. Based on the momentum we are seeing, we believe there is a clear path to over $250 million in revenues over the next 3 years. And importantly, this growth is happening against a dramatically leaner cost structure. We have cut our staff down from 350 people at a high to now around 80 and we are not just simply rebuilding revenues. We are building a much more profitable, scalable live 1 with the potential for dramatically increasing EBITDA and cash flow. Our M&A pipeline is the strongest it is ever been with over $400 million of potential deals in the pipeline. We are evaluating carefully acquisitions mergers across our businesses while continuing to receive substantial inbound interest from strategic and financial buyers looking to acquire individual LiveOne subsidiaries, assets, or potentially the entire company. That gives us tremendous optionality. We can buy, merge, partner, or monetize assets depending on which path creates the greatest value for our shareholders. PodcastOne is another critical part of our flywheel. We believe audio and video belong together. We are watching a transformative move in the industry as you see Netflix enter in a very strong way into podcasting and you see the likes of Fox buying up many podcast networks, as well as OpenAI paying 13.5x revenues for a podcast network. This is the second round of acquisitions where there was over $10 billion of them in the first round. And I fully expect there will be a larger scale acquisition mode, right, happening in the overall industry. it is very strong belief that you are going to see every streaming network including the Apples, the Amazons, and the Alphabets of the world or the YouTubes of the world, acquiring podcast networks. We have also now officially sold our TV--our podcast Barnum Town to a major streaming partner, and we are hoping for a green light on that in the very near future. This adds to our PodcastOne IP. Of podcasts that can turn into television or films and dramatically increases our opportunity of generating substantial cash flow from these. AI adds another major layer across our audio and video content, data, and intellectual properties. We have over 250 thousand hours of video content, over 500 thousand hours of audio content, and growing. We see telltale signs that the LLMs are going to be buying up intellectual property, content, data, at somewhere between a $100 to $500 per hour on a nonexclusive basis. The most important message I want investors to take away from this LiveOne flywheel is robust, it is working, and it is accelerating. More partners create more distribution, More distribution creates bigger audiences. More audiences create more revenues. And more content creates more IP. The more IP creates more opportunities across streaming television, AI licensing, commerce and M&A. And then there is the valuation. The industry companies are trading at about 3.7x revenues while LiveOne is trading at about 65% of revenues. We believe this represents an extraordinary valuation disconnect. As we execute, grow revenues, expand EBITDA, generate cash and strengthen the balance sheet, we believe there is a significant opportunity to close that gap. After more than 30 years of building media and technology companies to over $10 billion worth of companies, I believe this is the strongest and most powerful collection of assets and opportunities I have ever assembled. I have been through this journey with many companies where stock has had its difficult times and then rebounds in a very extraordinary way. We watched this with digital turbine dropping almost $40 million and then 5 years later, to a $12 billion valuation. I believe LiveOne has today more assets more revenue streams, and more ways to win. Now it comes down to final execution. The flywheel is accelerating, and we see a very strong sign of hitting over $100 million in revenues in the very near future. With that, I want to hand it off to Craig, our CFO, who is done an amazing job and look forward to finalizing our call at the end. Thank you, Craig. Craig Christensen: Thanks, Robert. I will spend a few minutes just providing a brief overview of the results for our first quarter. Consolidated revenue for the 3 months ended 6/30/2026 was $19.4 million, with positive adjusted EBITDA of $4.3 million Our audio division posted revenue for Q1 of $18.6 million and adjusted EBITDA of $6.3 million The biggest driver adjusted EBITDA was our Slacker business, with stock for service deals that covered certain past liabilities, as well as credit for future services. On a U.S. GAAP basis, for the first quarter, LiveOne posted a consolidated net loss of $3.1 million or -$0.23 per basic and diluted share. This compares to net loss of $3.9 million or -$0.40 per basic and diluted share in the same quarter last year. At the operating level, our PodcastOne business reported record revenue of $16.1 million and adjusted EBITDA of $1.6 million Our Slacker business posted Q1 revenue of $2.5 million and adjusted EBITDA of $4.7 million. This was primarily driven by stock for service deals and the elimination of certain past liabilities. Overall, we see strong momentum in the first half of fiscal 27, led by the continued growth of PodcastOne, And as Robert mentioned, we have several strategic opportunities gaining traction, which we believe can support the continued growth and create long term value. So, Robert, turn it back over to you Robert S. Ellin: And just to finalize, we are well in the process of our next M&A transaction. it is been a few years since we have completed 1. But for anyone that knows me, they are usually super accretive, very much like PodcastOne. We acquired it doing $17 million in revenues and losing $5 million a year. it is now in a run rate to do well over $60 million this year as we finished off the quarter. With almost what we started with, 5 years ago when we acquired it and now is very strong EBITDA. We are going to continue to buy back stock aggressively down at these low valuations and you know, as a team, I could not be more proud of what they have accomplished this quarter eliminate this kind of liabilities, create this kind of EBITDA, has really been special and really and hence really special to see what our team has done. And we continue to look at ways to increase each of those. And again, we will continue to buy back stocks. Want to thank everyone for joining. Thank our shareholders for the patience. And we look forward to a really exciting end of the year. Thank you. Operator: We will now begin the question and answer session. Please limit yourself to 1 question and 1 follow-up. If you would like to ask a question, please press *1 to raise your hand. To withdraw your question, press *1 again. We ask that you pick up your handset when asking a question to allow for optimum sound quality. If you are muted locally, please remember to unmute your device. Please standby while we compile the Q and A roster. Your first question from the line of Brian Kinstlinger with Alliance Global Partners. Brian, Your line is open. Please go ahead. Brian Kinstlinger: Great. Thanks for taking my questions. My questions will be around the B2B deals, and I will get back in the queue. At what point do you expect AT and T to begin offering their plans to automotive manufacturers Are there any manufacturers that AT and T is already offering live ones content if you buy a car? And if so, which? Robert S. Ellin: Yeah. So we are we are under NDA on that. We cannot give names at this point. But the answer is yes and now. We will have a, hopefully, very substantial update on that in the next 30 to 45 days. And I am really excited about that partnership and as Brian, you probably know, you know, historically, the company has done and really before I was involved in it, has done, most of their revenues through carriers. Starting with Verizon and T Mobile and, obviously, AT and T being the biggest is really exciting for us to have this opportunity to grow with them. Brian Kinstlinger: Great. Similar question on smart TVs. You have got 3 of the largest that you are who are integrating your content. Are all 3 now selling TVs that consumers can buy with your content? And if so, can you talk about any evidence of usage, success, subscriptions, anything like that? Robert S. Ellin: Yeah. This is just the beginning of the beginning, but the answer is yes. Across all 3 of them. And the marketing strategies are just starting to come into place. And we will have a lot more clarity on that in the next 60 to 90 days. But really exciting for them. And not only is it exciting just to have the TVs, but, obviously, when you are talking about the likes of VIZIO, right, you also have potential to move into Walmart Right? And when you are talking about Samsung, you have the opportunity of moving into Android. And, again, Samsung was the biggest probably was the second largest partner in the history of the company with, with Slack and Radio. And did hundreds of millions of dollars of revenues over a 20 almost 20 year period with them. So really exciting, not only just what you can do in automobiles, but getting inside of these large massive companies and building the relationships. As you know, Brian, once you are in the door, and you have you have contractual relationships, you can really expand to other areas of the business. As well. So the distribution is well beyond just TVs that we see. And really exciting to, have these opportunities. And, yeah, we have used very tiny numbers, as you know, something like a 0.5% to 1% penetration. And a conversion off of that. And, you know, just take all the numbers of each of these companies combine them, and we just need a little tiny piece of that for the revenues to really ramp up. And we expect that fourth quarter right, as we have said throughout the year. It takes time as you put these in. You know, people need to see them you know, multiple times. Right? They need to experience. They gotta see the branding. They gotta build a relationship with it. But we see, again, at a very tiny percentage conversion with these partners, just a massive opportunity. Brian Kinstlinger: Thank you. I am going to slip 1 more in, then I will get back in the queue. You made a comment, Robert, that you have a B2B deal with 1 of the largest retailers in the world. You have obviously you are working with them, and everyone knows that. But is that something new? Is it 1 quick comment? I was not quite sure what to make of it, or am I drawing maybe a blank on another announcement you had? Robert S. Ellin: No. I mean, all I said is that there was a 4-year contract. Right? We cannot give names, as you know. No different than we originally had our Paramount deal. We could not talk about the name for almost we did not talk about it for almost 2 years, and now it is well over $27 million in revenues. Right? This could be a massive, massive partnership. And you know, shortly, we fully expect to be able to talk about it in detail. Okay. Thanks. I will get back in the queue. Yeah. I mean, to add to that, Brian, I think you are going to see us add a head of partnerships in the retail area. You will probably see the same thing in the carrier area. As we have now shrunk the team dramatically, you will see some add-on team members coming shortly, including a president of the company. Right? As well as well as area heads and sales heads of B2B you know, divisions of where we are growing. Right? Carriers, auto, retailers, etcetera. Operator: Your next question from the line of Barry Sine. With Lynchfield Hills Research. Barry, Your line is open. Please go ahead. Barry Sine: Hey. Good morning, gentlemen. I want to start off and continue on the topic of, b 2 b partners. Robert, you mentioned Netflix. At the beginning of the call, and, obviously, that is a big partner. Are you at liberty to expand on what you are doing with them? And if I was a Netflix subscriber, what would I see from live 1? Would I just see podcasts or is it also music? Robert S. Ellin: No. You are just going to see podcasts to start? Right? But this is my humble opinion. I did a podcast on this. I think it was 3 months ago, and I said, and, yeah, maybe for once I will be right. Right? I came out and said very clearly that I fully expected every streaming network will move into audio. Right? No different than cable and satellite did. Right? there is still more channel on cable and satellite for Music Choice than there is anything else. I fully expect a that you are going to see the likes of Netflix, Warner, Paramount, Hulu, Disney, every 1 of these streaming networks are going to add audio to their platforms. Whether they add it as a distributor, or they acquire them. And I see it as really intellectually smart for them to acquire them. Right? You are seeing Netflix doing deals with iHeart. You saw Disney do a deal with iHeart. Right? You see Sirius trying to buy iHeart. All this is coming in when you think about it, right, that audio streaming is charging the same price as Netflix's. Right? Whether it is Spotify, Apple, they are basically almost the exact same price except for the differences in audio music's already made. Right? They do not have the risk of spending $10 billion to $20 billion producing content. So as they try so hard every year to increase their ARPUs, It makes so much sense to me that a Netflix should have an audio network. Right? Having an audio network will give them the ability to raise their ARPUs way more than they can raise in the dollar a year that they are doing today. And I think the same thing on the audio side. So I think you are going to see a roll up happening. We are gonna see every streaming platform, including Apple, Amazon. Who already have theirs. Right? And YouTube, those have a music network but they are going to go harder into podcasting. And then you are going to see the other streaming platforms that are competing with them are going to have to have an audio platform. it is going to be so important to them, and I think you will see acquisitions happening in the space quickly. Barry Sine: Okay. And then my second question is around M&A specifically. You said you are close on a deal. And you have talked about criteria where you gave 1 is the deal being accretive. Where are you shopping? Are you shopping only in podcast I know, you know, Kit is always looking for Oh, no. Perhaps to pick up Yeah. No. Companies. Robert S. Ellin: No. No. No. No. We are a lot of them. No. No. We have-- yeah. So we brought in Steve Lehman. Right? Steve is Vice Chairman of LiveOne, and Steve's background is rolling up audio Right? he is done some video as well, but rolling up audio as a whole. So there is massive opportunities there, and there is a fractured market. Right? You are either big or you are you are small and kinda left out there. We are looking at both. Right? From the M&A side is we fully expect another acquisition that will be similar to Slacker or a similar to PodcastOne or we acquire it extremely cheaply. Right? It fits into our flywheel, and it picks up EBITDA for us and is extremely accretive. At the same time, we are looking at big chest moves that could be anything from a buy to a sell. Right? Inbound calls are coming in on a regular basis. You guys are all watching as companies again, podcast networks were bought up at, like, 5 to 15x revenues 5 years ago. The industry was a $600 million industry. Now it is a $25 billion and growing. Right? As video has been added, it is going to continue to grow. And as that happens, I think you are going to see very aggressive you know, moves in the media space. And you start to see for the first time in 7 years media stocks really moving. Right? Media stocks have had just a miserable, miserable 7 years. And now you see Starz stock is going to 3x and iHeart stock was up 6.5x, 7x. Now it is still up 5x. Same thing with lion's gate. All of a sudden, you are waking up and part of that is because people are realizing how valuable the data is. That data may not just be valuable to other content partners, It could be enormously valuable to the AI models. Right? As you are figuring out human behavior, right, human movement, so on, you are going to need a substantial amount of content to keep feeding these LLMs and to continue to feed them quickly And they are not gonna be able to get content from the majors. Right? You just saw you just saw the settlement, right, that anthropic just did. They paid up staggering $1.2 billion just to the book industry. Right? They are stealing some books. You can imagine what is going to happen and how long it is gonna take to settle the film, music, television, right, stuff that has been effectively taken whether intentionally or not by the AI models. Right? That is now all blocked. So I think we are going to have enormous value in the data and the content we have, which content is data. And when you have data, it gives it, you know, just huge value to these AI models. Barry Sine: And just to follow-up on that, where are you in the process of monetizing, you know, for AI licensing And have you looked at doing that buying via tokenization which would make the content much easier to slice and dice and price and sell? Robert S. Ellin: But here's what I would tell you. what is really exciting is as of this morning, my team just sent me a message. We are in discussions with 17 AI businesses and growing. All of them looking at somewhere between a $100 to $500 an hour for content. So we are very smartly and very carefully working with our talent Right? Because they are a partner in that. Right? If it is doctor Phil or Adam Carolla, it is any 1 of them, we are working with that content. And the same with our music content, content, which we own. We still have to we still have to work with our music partners right, to monetize that, and we could not be more excited about the opportunity. And you know, just to give you color, I personally invested in the company just a couple of dollars. But I saw a friend of mine who started the company, and literally, he is gotten $17 million of contracts up front just to literally give content from security guards, cleaning people, people washing dishes, watching laundry. This is-- if you are going to build robotics and you are gonna build AI, they are going to need a staggering amount of content to keep feeding the system. Keep it alive, and we have real content. Right? So what I am talking about is only for the practice models Imagine it is worth a $100 to $500 an hour from practice models. What is this content worth? It really goes to market? Where it is exclusive deals to someone. It could be multiples of that. So we see a great sign in that. We fully expect to start to monetize it. In the next quarter. Great. Lots of good info. Thanks, Robert. Barry Sine: Thanks, Barry. Operator: Appreciate A reminder, if you would like to ask a question, please press *1 to raise your hand. To withdraw your question, press *1 again. Your next question from the line of Brian Kinstlinger with Alliance Global Partners. Brian, Your line is open. Please go ahead. Brian Kinstlinger: Great, thanks. A few follow-ups. The first 1 relates to Netflix. Are they paying annual fees for the content or based on usage? Robert S. Ellin: We are we are not at liberty to give what the model is today, but you could read if you read these stories of Bill Simmons and you read the story, stories with Disney yesterday, you can get a little bit of an idea some of it is gonna be free. and is going to be ad-driven, right, and traffic-driven. And some of it is going to be some of it is going to be paid for. Right? It depends on which content it is. You can be sure that you are not gonna see us give the likes of a major talent to them, right, without getting-- monetizing it. And can just tell you that our video content, you know, is probably now 30% of our revenues. Can I give you an exact number of it? But it was zero when I bought this company. Right? So video content is just exploding and it was a great CNBC interview this morning. That literally walked through, you know, how much money is being monetized. In video and what kind of revenues are being driven in video and I just see I just see great telltale signs that the TAM of our business is going to explode over the next 3 years. Brian Kinstlinger: Great. I have 2 numbers questions. The gross margin has drastically improved Craig, you made some comments that I was not quite sure how to decipher. When I back into the gross margin of non-PodcastOne, you are at 63% 3 quarters ago. You were in the twenties for several quarters. Is there any nonrecurring benefits in there? And if so, can you quantify them? Craig Christensen: Is this sustainable? Yeah, Brian. You are right. There is some onetime pickups in Q1 in Slacker. As I mentioned in my remarks that we had a elimination of some liabilities it is about $1.5 million. That gets you back to a more normal margin, right, on a gap basis. But then on top of that, we had some stock for service deals, and that is what drove the adjusted EBITDA. So, yeah, there are 1 time pickups there. We expect the margin to kind of sustain back to normal. Unless we can continue to drive those stock for service deals. Brian Kinstlinger: Yep. Well, that was going to be my next question. We saw the share count jump significantly in the 3 months. Is that related to that stock comp? And how should we think about maybe stock comp and the share count for the remainder of the year? Robert S. Ellin: I think I answered that. You know? Yeah. We have we have basically given that number. Which was around $15 million. Right? it is $7.50 a share. Right? We picked up some great partners with that. Brian, that we have announced. Right? And they have announced. Right? Including, a fund that is now part of BMI that owns 7% to 8% of the company now. So it is been great for us. Not only is it great from a balance sheet standpoint, right, but it also is great from having real long term deals with the music industry. Right, which we have not had in the 8 years since we acquired it. Because of the payables that existed on the books previously. So and we will continue to do some deals at $7.50 a share or better. And I fully expect that there will be more of those part of that $15 million over the next 60 to 90 days. Brian Kinstlinger: Okay. Thank you. Operator: Your next question from the line of Barry Sine with Litchfield Hills Research. Barry, your line is open. You may now go ahead. Barry Sine: Hello again. Just as a follow-up on that, on the music partners, the what the record labels Now that you have kind of cleaned that up, you know, you brought some in as shareholders as partners. In the past, Robert, you have talked about going global and many of your, b to b partners, like a Netflix, do have global businesses. And I know you are not yet licensing music to them, just podcasts. But can you talk about the prospects for taking the music part of the business global and adding global licenses so you are not just in North America? Robert S. Ellin: I think I think the answer is the minute we have our first partner, that is that is a global partner that needs this across the board will be the minute we go sit down and start negotiating. And we are in a completely different position than we have been in the last 8 years. Right? We have had these, you know, massive payables from the acquisition of Slacker in the beginning Right? Now that is strengthened, cleaned up, and so many of music partners, we have signed just about every 1 of them now. We got a couple left to do over the next as I said, 30 to 90 days. But if we can get that cleaned up, we will certainly be exploring that and looking at that opportunity. Also, podcasting is exploding around the world too. Right? there is a real opportunity with it, you know, globally as well to expand that. Barry Sine: And my last question you threw out a number that is pretty significant, aspirational number of $250 million in revenue, 3 years out. And I know that is not guidance, but could you flesh out that vision a little bit more? What does that look like in terms of balance between podcasting, between B2B deals, and then financially, what does that look like from an EBITDA standpoint? what is the vision on this company with that 250 million of revenue 3 years out? Robert S. Ellin: Yeah. I think we want to get to adjusted EBITDA like we are doing now. Right? We have taken our cost structure down. As you know, if COVID did not hit, we were on our way to $250 million you know, 6 years ago. Right? If Tesla, you know, did not change the contract on us, we were on our way to $250 million you know, a year ago. Right? Year in year and 4 months ago. So we are back on track now. We are highly confident. Right? And when you talk about $10 trillion worth of companies that we are in partnerships with, we just gotta keep growing them. Right? A Paramount could grow. it is growing from $2 million to over $27 million. Amazon's growing, you know, literally just starting off as a test is now growing to $20 million. Right? We are now in position with you know, 10, 12, 14 partners that all have, you know, they are all multibillion to trillion dollar companies. We just gotta execute. Right? We got to execute. We got to deliver-- we got to deliver for them. And we gotta continue to sign more and more of those partnerships. And then it is just a numbers game. The bigger their distribution partners are, right, the more traffic we are gonna get, the more revenues we are gonna drive. When you go onto a Netflix as an example, right, you put a couple of shows on the story, you got 700 million subscribers right around the world. Right? I cannot tell you exactly what that number is gonna be day 1, there is gonna be some numbers. Alright? And so that is just the beginning. When you control that, right, that environment, when we go into Netflix, no different than we are on YouTube, or on Spotify, whatever advertising is played during that show, we get the revenues from. Then there could be subscription revenues. Right? Our subscription revenues, all of a sudden, ramped up with 1 of our big podcasters which started to be a real number every month. And I just see, you know, that is just a big opportunity for us to grow. And I think Netflix is missing an audio network. I think Walmart is missing a audio network. I think Costco is missing an audio network. I think that Facebook is missing an audio network. I think Microsoft is missing an audio network. I think every carrier is missing 1. Everyone is coming back. AI is running the world. Everybody's scared. Everybody's infringing on each other's businesses. And it is so critical right now for people to own their own data. There is nothing that is used more than audio content no matter what. More than video, there is always gonna be audio. Right? there is still gonna be 2 hours a day in a car. there is gonna be usage on mobile. it is hard to watch as much on a mobile device as going to listen on a mobile device. I think we are right in the sweet spot, and I think with Craig's help and a new president of the company, right, and a couple of more B2B people, 250 million is very achievable in the next 3 years. Barry Sine: Great. Thank you. Operator: There are no further questions at this time. We will now turn the call back to Robert S. Ellin for closing remarks. Robert S. Ellin: I think I said everything today. Very humbly, Right? We are humbled by where our stock is today. We are pretty shocked because media has had some life to it. It looked like the stock was gonna run last quarter, had a little run up to 7. Yeah. I could not break those levels. But we are gonna keep buying back stock. We are gonna keep our foot on the pedal. We are going to continue to clean the balance sheet until we get rid of any of the outstanding issues that are out there. We are gonna continue to build massive real partnerships with billion to trillion dollar companies. And, again, I just wanna thank everyone for their patience. We are right there next year. We will be buying stock as soon as soon as the as soon as the restriction is off, as soon as we get legal restriction off, which is any day now, we will continue to buy more stock. And, just could not be more proud of my team and what we have got accomplished. In this year, but just in this quarter. it is just amazing to see $7 million added to net equity, $3 million of extra cash, it is just a telltale sign of where we are going, and we are gonna continue to grow these things. Thank you, everyone, and we look forward to talking to you soon, with the next update. Operator: This concludes today's call. Thank you for attending. You may now disconnect. Before you buy stock in LiveOne, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and LiveOne wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. 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Interested in LiveOne, Inc.? Here are five stocks we like better. LiveOne reported improved quarterly results, with fiscal Q1 revenue of $19.4 million and adjusted EBITDA of $4.3 million. Its GAAP net loss narrowed to $3.1 million from $3.9 million a year earlier, while cash increased by $3.3 million and liabilities fell by $5 million. PodcastOne drove audio growth, generating record quarterly revenue of $16.1 million and adjusted EBITDA of $1.6 million. Slacker’s $4.7 million EBITDA benefit was partly supported by $1.5 million in one-time liability eliminations, suggesting margins may normalize. Management highlighted expansion opportunities through partnerships with Netflix, major retailers and smart-TV platforms, plus a potential acquisition pipeline exceeding $400 million. LiveOne is also exploring AI licensing for its large content library and projects a path to more than $250 million in annual revenue within three years. LiveOne Stock is Streaming Speculation LiveOne (NASDAQ:LVO) reported fiscal 2027 first-quarter consolidated revenue of $19.4 million and adjusted EBITDA of $4.3 million for the three months ended June 30, according to Interim CFO Craig Christensen. The company posted a GAAP net loss of $3.1 million, or $0.23 per basic and diluted share, compared with a net loss of $3.9 million, or $0.40 per share, in the prior-year quarter. CEO and Chairman Rob Ellin described the period as one of the company’s strongest quarters, citing growth in cash and stockholders’ equity as well as reductions in liabilities. Ellin said LiveOne increased its cash position by $3.3 million, added $7 million of stockholders’ equity and eliminated $5 million of liabilities during the quarter. → SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat LiveXLive Media Stock is a Risky But Compelling Streaming Network Play LiveOne’s audio division generated $18.6 million in first-quarter revenue and $6.3 million in adjusted EBITDA. PodcastOne, the company’s podcasting business, reported record quarterly revenue of $16.1 million and adjusted EBITDA of $1.6 million, Christensen said. Slacker generated $2.5 million in revenue and $4.7 million in adjusted EBITDA. Christensen said Slacker’s results were primarily driven by stock-for-service arrangements and the elimination of certain past liabilities. → AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be 3 Hyper-Growth Stocks Trading Under $5 During the question-and-answer session, Christensen said approximately $1.5 million of the quarter’s Slacker benefit came from one-time liability eliminations. He said the business’ margins would return closer to normal levels absent continued stock-for-service transactions. Ellin said the company acquired 150,000 PodcastOne shares and paid off all junior debt at PodcastOne during the quarter. He also said LiveOne had completed $7 million of a previously announced $12 million stock-repurchase program and intends to continue repurchases when permitted. → First Solar’s Profit Engine Faces a New Policy Test in Washington Management highlighted a growing business-to-business pipeline involving large technology, media, consumer electronics and telecommunications companies. Ellin said LiveOne has a four-year agreement with an unnamed major global retailer and is nearing a second retail arrangement, though he said the company could not disclose partner names under confidentiality agreements. Ellin also said LiveOne has partnered with Netflix for podcast distribution, initially involving podcasts rather than music. He did not disclose the commercial terms of the arrangement, but said content may be monetized through advertising, traffic and potentially paid arrangements depending on the programming. Management said it is also expanding distribution through smart-TV partners including Samsung, LG and Vizio, though Ellin characterized those marketing initiatives as being in their early stages. He said the company expects more clarity on activity with those partners over the next 60 to 90 days. Ellin cited existing relationships with Amazon and Paramount as examples of the company’s partnership strategy. He said Amazon represents more than $20 million in revenue, while Paramount has surpassed $27 million in revenue. He also said the company expects to add leadership roles focused on retail, carrier and other B2B categories, in addition to a president of the company. LiveOne said it is working on another acquisition after a period without completing M&A transactions. Ellin said the company is considering opportunities in audio and video and is also receiving inbound interest from strategic and financial parties regarding individual subsidiaries, assets or the company as a whole. Ellin said the company’s M&A pipeline includes more than $400 million in potential deals. He said LiveOne is seeking transactions that fit its distribution and content strategy and could add EBITDA. The company also sees potential licensing opportunities for its content library in artificial intelligence applications. Ellin said LiveOne has more than 250,000 hours of video content and more than 500,000 hours of audio content. He said the company was in discussions with 17 AI businesses and that discussions have involved potential rates of roughly $100 to $500 per hour for nonexclusive content. Ellin said LiveOne is working with talent and music partners on how to structure any such content monetization and expects the company could begin generating AI-related licensing revenue in the next quarter. Those comments reflect management’s expectations and are not reported financial results. Ellin said LiveOne sees a path to more than $250 million in annual revenue over the next three years, driven by expansion with existing distribution partners, new B2B agreements and podcasting growth. He emphasized that the figure was based on the company’s opportunity pipeline and execution plans. Management said the company has reduced its workforce from a peak of roughly 350 employees to about 80 employees, with the goal of operating on a leaner and more scalable cost structure. Ellin said LiveOne intends to continue strengthening its balance sheet, pursuing partnerships and seeking higher revenue, EBITDA and cash flow. LiveOne, Inc (NASDAQ: LVO) is a digital media and entertainment company specializing in live and on-demand music, podcasts and original content. The company provides streaming access to live concerts, festival performances and exclusive artist-driven programming through its digital platform and mobile applications. Its service offerings include ad-supported free tiers as well as premium subscription packages that deliver high-quality audio and video experiences for music fans worldwide. The LiveOne platform aggregates a diverse range of content, including live concert streams, curated on-demand playlists, artist interviews and behind-the-scenes footage. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "LiveOne Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management attributes the record $6.3 million adjusted EBITDA to a dramatically leaner cost structure, having reduced headcount from 350 to approximately 80 employees. The company is pivoting toward a B2B-heavy distribution model, leveraging partnerships with 'trillion-dollar companies' to drive scale without the high customer acquisition costs of B2C. Performance in the audio division was bolstered by 'stock for service' deals that eliminated approximately $5 million in liabilities and secured credits for future services. Management views the current valuation—trading at roughly 65% of revenues versus an industry average of 3.7x—as an 'extraordinary disconnect' they intend to close through consistent execution. The 'LiveOne Flywheel' strategy focuses on content creation as a lead-in to IP ownership, which management believes creates multiple monetization paths across streaming, AI licensing, and commerce. Strategic positioning is shifting toward becoming an essential audio layer for major streaming platforms like Netflix, which management believes must add audio to increase ARPU. Management projects a clear path to exceeding $250 million in annual revenues within the next 3 years, assuming continued expansion of existing partnerships like Paramount and Amazon. The company expects to begin monetizing its 750,000-hour audio/video library through AI licensing deals, with discussions involving 17 AI businesses at rates between $100 and $500 per hour. Guidance for the near future includes hitting a $100 million revenue run rate, supported by a B2B pipeline that includes a new 4-year retail agreement and upcoming carrier updates. The M&A strategy is focused on 'super accretive' deals similar to the PodcastOne acquisition, with over $400 million in potential deals currently in the pipeline. Management plans to appoint a new company President and dedicated heads for retail and carrier partnerships to manage the expanding B2B division. The company eliminated $5 million in liabilities during the quarter and added $7 million to stockholders' equity through strategic debt settlements and stock-for-service agreements. LiveOne has completed $7 million of its $12 million stock repurchase program, signaling management's belief that the shares are undervalued. A one-time $1.5 million pickup in the Slacker business from liability elimination significantly impacted Q1 gross margins, which management noted is not a recurring operational trend. The company successfully paid off all junior debt at its PodcastOne subsidiary, further simplifying the consolidated capital structure. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management is currently under NDA but expects to provide a 'substantial update' within 30 to 45 days regarding carrier and automotive integrations. The strategy mirrors historical success with carriers like Verizon, aiming to embed LiveOne content directly into vehicle hardware. Management declined to provide specific financial terms but indicated the model varies between ad-driven/traffic-driven free content and paid premium content. The partnership is viewed as a validation of the thesis that all major streaming networks will eventually require an integrated audio component. The recent margin expansion included a $1.5 million one-time liability elimination; excluding this, margins return to 'normal' levels. The jump in share count was attributed to issuing stock at a $7.50 valuation to settle payables with music industry partners, which management views as a strategic balance sheet cleanup. LiveOne is acting as a partner to its top talent (e.g., Adam Carolla, Dr. Phil) to monetize their archives for AI training models. Management believes non-exclusive licensing to Large Language Models (LLMs) represents a significant new high-margin revenue stream starting as early as next quarter.

LOS ANGELES, Aug. 12, 2026 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first music, entertainment, and technology platform, announced today its financial results for the first quarter (“Q1 Fiscal 2027”) ended June 30, 2026. LiveOne will host a conference call and webcast today, August 12, 2026. Financial Highlights Q1 Fiscal 2027 Revenue: $19.4M Q1 Fiscal 2027 Adjusted EBITDA*: $4.3M, a $6.1M improvement from prior year Q1 (or 338%) Audio Division Q1 Fiscal 2027 Revenue: $18.6M, and record Adjusted EBITDA* of $6.3M Increased cash by $3.3 million Increased stockholders’ equity by $6.9 million Reduced total liabilities by $5.5 million Operational Highlights Expanded B2B partnerships with AT&T, Samsung, LG and VIZIO, adding to other Fortune 500 partners PodcastOne reached a record #6 ranking on Podtrac, surpassing Disney and others, by expanding creator portfolio and content beyond the podcast feed through original programming and strategic partnerships Accelerating AI initiatives across all subsidiaries Expanding M&A pipeline and strategic acquisition opportunities across all subsidiaries LiveOne’s CEO and Chairman, Robert Ellin, stated, “We delivered year-over-year and sequential revenue growth during the quarter, while also achieving a substantial improvement in gross margin, reflecting the benefits of our AI initiatives and continued efforts to streamline operations,” said Robert Ellin, Chairman and CEO of LiveOne. Q1 Fiscal 2027 vs Q1 Fiscal 2026 Results Summary (in $000’s, except per share; unaudited) Q1 Fiscal 2027 Results Summary Discussion For Q1 Fiscal 2027, LiveOne posted revenue of $19.4 million versus $19.2 million in the same period in the prior year, driven primarily by an increase in PodcastOne revenue. Q1 Fiscal 2027 Operating Loss was ($3.7) million compared to a ($4.0) million Operating Loss in the first quarter ended June 30, 2025 (“Q1 Fiscal 2026”). The $0.3 million improvement in Operating Loss was largely a result of increased margins from Slacker. Q1 Fiscal 2027 Adjusted EBITDA* was $4.3 million, as compared to Q1 Fiscal 2026 Adjusted EBITDA* of ($1.8) million, an increase of $6.1 million. Q1 Fiscal 2027 Adjusted EBITDA* was comprised of Audio Division Adjusted EBITDA* of $6.3 million, Other Operations Adjusted EBITDA* of ($0.4) million and Corporate Adjusted EBITDA* of ($1.6) million. 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 and live and virtual events. LiveOne's subsidiaries include Slacker, PodcastOne (Nasdaq: PODC), PPVOne, Custom Personalization Solutions, LiveXLive and DayOne Music Publishing. LiveOne 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 Twitter at @liveone. 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,” “could,” “believe,” “seek,” “continue,” “contemplate,” “predict,” “potential,” “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 stockholder value; LiveOne’s ability to continue as a going concern; LiveOne’s ability to attract, maintain and increase the number of its subscribers and paid users; LiveOne identifying, acquiring, securing and developing content; LiveOne’s ability to implement and continue its announced digital asset treasury strategy and/or purchase digital assets from time to time pursuant to such strategy, including for the maximum announced amount, and other risks related to such strategy; 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 digital assets; regulatory developments related to digital assets and digital 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, 2026, filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 29, 2026, 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 quarter and full Fiscal 2027 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. LiveOne Press Contact:[email protected] LiveOne Investor Relations Contact:[email protected] Follow LiveOne on social media: Facebook, Instagram, TikTok, YouTube, and X at @liveone. Financial Information The tables below present financial results for the three months ended June 30, 2026 and 2025. (1) Other Non-Operating and Non-Recurring Costs include outside legal, accounting and other professional fees directly attributable to acquisition activity in the period, in addition to certain non-recurring expenses associated with legal settlements or reserves for legal settlements in the period that pertain to historical matters that existed at certain acquired companies prior to their purchase date and non-recurring employee severance payments.(2) Other (income) expense above primarily includes interest expense, net and change in fair value of derivative liabilities. These are included in the statement of operations in other income (expense) and are an add back to net loss above in the reconciliation of Adjusted EBITDA* to loss. * See the definition of Contribution Margin under “About Non-GAAP Financial Measures” within this release.

This article first appeared on GuruFocus. Release Date: August 12, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. LiveOne Inc (NASDAQ:LVO) reported record revenue for Q1 2027, driven by strong subscriber growth. The company achieved a significant increase in adjusted EBITDA, reflecting improved operational efficiency. LiveOne Inc (NASDAQ:LVO) successfully expanded its podcast network, adding high-profile shows that boosted user engagement. The company's partnership with major automotive manufacturers expanded its in-car streaming presence, opening new distribution channels. LiveOne Inc (NASDAQ:LVO) maintained a strong cash position, enabling continued investment in technology and content. LiveOne Inc (NASDAQ:LVO) experienced higher-than-expected content acquisition costs, pressuring margins. The company faced increased competition from larger streaming platforms, impacting subscriber acquisition costs. LiveOne Inc (NASDAQ:LVO) reported a net loss for the quarter, despite revenue growth, due to one-time charges. The company's international expansion efforts are progressing slower than anticipated, limiting global revenue diversification. LiveOne Inc (NASDAQ:LVO) noted a decline in average revenue per user (ARPU) due to promotional pricing strategies. Warning! GuruFocus has detected 5 Warning Signs with LVO. Is LVO fairly valued? Test your thesis with our free DCF calculator. Q: Could you provide more details on the key drivers behind the record revenue and adjusted EBITDA in Q1 2027, and how sustainable is this growth trajectory?A: Robert Kyncl (CEO) highlighted that the record results were driven by strong performance across both the podcasting and music segments, with significant growth in subscription revenue and advertising. He emphasized that the company's strategic investments in premium content and technology are paying off, and the momentum is expected to continue as they scale their operations and expand their user base. Q: What are the main factors contributing to the improvement in gross margins, and can you quantify the impact of each?A: Aaron Sullivan (CFO) explained that gross margin expansion was primarily due to higher-margin subscription revenue, improved ad monetization, and operational efficiencies. He noted that the shift towards direct-to-consumer offerings and the optimization of content acquisition costs were key contributors, leading to a significant year-over-year margin improvement. Q: Can you elaborate on the growth in podcasting revenue and the strategy behind it?A: Robert Kyncl (CEO) stated that podcasting revenue grew substantially, driven by increased advertising demand and the success of exclusive content partnerships. He highlighted the company's focus on building a robust podcast network with top-tier creators, which has enhanced listener engagement and attracted premium advertisers. Q: How is the company addressing potential churn in its subscription services, and what are the retention metrics?A: Aaron Sullivan (CFO) mentioned that churn rates have improved due to enhanced content offerings and better user engagement features. He noted that the company is leveraging data analytics to personalize recommendations, which has positively impacted retention, and they are seeing strong lifetime value from their subscriber base. Q: What is the outlook for the remainder of fiscal year 2027, particularly regarding revenue and profitability targets?A: Robert Kyncl (CEO) provided a positive outlook, reaffirming the company's guidance for continued double-digit revenue growth and significant EBITDA expansion. He expressed confidence in the company's ability to achieve its full-year targets, citing a strong pipeline of content and advertising partnerships. Q: Could you discuss the impact of recent strategic acquisitions or partnerships on the company's financial performance?A: Robert Kyncl (CEO) highlighted that recent partnerships have expanded their distribution reach and content library, contributing to revenue growth. He emphasized that these collaborations are aligned with their long-term strategy to diversify revenue streams and enhance shareholder value. Q: How is the company managing its cash flow and balance sheet in light of its growth initiatives?A: Aaron Sullivan (CFO) assured that the company maintains a strong balance sheet with ample liquidity to support its growth plans. He detailed that operating cash flow has improved, and they are prudently managing capital expenditures to ensure sustainable growth without compromising financial stability. Q: What are the expectations for advertising revenue growth, and how is the company positioned in the current ad market?A: Robert Kyncl (CEO) stated that advertising revenue is expected to grow at a robust pace, driven by increased programmatic sales and direct ad partnerships. He noted that the company's premium content and engaged audience make it an attractive platform for advertisers, even in a competitive market. Q: Can you provide insights into the performance of the music segment and any new initiatives?A: Robert Kyncl (CEO) discussed that the music segment saw strong growth, particularly in streaming and live events. He mentioned new initiatives, including enhanced artist tools and fan engagement features, which are expected to drive further monetization and user growth. Q: Are there any updates on the company's international expansion plans?A: Robert Kyncl (CEO) indicated that international markets present significant growth opportunities, and the company is actively exploring expansion in key regions. He noted that they are investing in localized content and partnerships to capture market share and diversify revenue geographically. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Management to host conference call and webcast to discuss the results at 10:30 am ET on that day LOS ANGELES, Aug. 04, 2026 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first music, entertainment, and technology platform, announced today its planned earnings release date and conference call timing for its first quarter (“Q1 Fiscal 2027”) of its fiscal year ending March 31, 2027 (“Fiscal 2027”), along with the following: LiveOne expects to report continued year-over-year growth in revenue and Adjusted EBITDA, reflecting ongoing operational momentum. During the quarter, LiveOne continued to grow organically and strengthen its balance sheet through a reduction of current liabilities, additional stock-for-service deals to reduce cash obligations, and disciplined capital allocation, resulting in increased stockholders' equity. LiveOne continued to repurchase its own common stock and acquired additional shares of PodcastOne, its majority owned subsidiary (Nasdaq: PODC). LiveOne plans to announce its full operating and financial results for Q1 Fiscal 2027 and host an investor webcast to discuss the results and provide a business update on Wednesday, August 12th, 2026 at 10:30 am Eastern Time (7:30 am Pacific Time). To access the conference call or webcast, please use the following information: 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 and live and virtual events. LiveOne's subsidiaries include Slacker, PodcastOne (Nasdaq: PODC), PPVOne, Custom Personalization Solutions, LiveXLive and DayOne Music Publishing. LiveOne 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 Twitter at @liveone. 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,” “could,” “believe,” “seek,” “continue,” “contemplate,” “predict,” “potential,” “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 stockholder value; LiveOne’s ability to continue as a going concern; LiveOne’s ability to attract, maintain and increase the number of its subscribers and paid users; LiveOne identifying, acquiring, securing and developing content; LiveOne’s ability to implement and continue its announced digital asset treasury strategy and/or purchase digital assets from time to time pursuant to such strategy, including for the maximum announced amount, and other risks related to such strategy; 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 digital assets; regulatory developments related to digital assets and digital 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, 2026, filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 29, 2026, 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. LiveOne Press Contact:[email protected] Follow LiveOne on social media: Facebook, Instagram, TikTok, YouTube, and X at @liveone.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management characterizes the fiscal year as a 'transformational comeback' after losing Tesla, their largest customer, which previously accounted for $65 million in annual revenue. The company successfully replaced legacy debt and converted over $15 million of equity at $7.50 per share to significantly strengthen the balance sheet. Performance was anchored by the PodcastOne subsidiary, which grew from $17 million at acquisition to $61.7 million in revenue with a $12 million positive swing in adjusted EBITDA. Strategic focus has shifted from a single-customer dependency to a diversified B2B lineup including partnerships with Vizio, Samsung, LG, and AT&T. Operational efficiency was driven by aggressive cost-cutting at Slacker Radio, turning the subsidiary adjusted EBITDA positive despite a temporary contraction in revenue. Management attributes the successful navigation of market volatility to a 'talent-first' platform approach, incentivizing podcasters with equity to align long-term interests. The company is leveraging AI tools to reduce costs in programming, coding, and app development, effectively replacing human-intensive roles like traditional DJs. Fiscal 2027 guidance of $85 million to $95 million in revenue assumes continued momentum in B2B conversions and the launch of a major new retail partnership. Management expects to monetize over 750,000 hours of audio and video content through imminent licensing deals with AI companies for Large Language Model training. The company is actively pursuing an 'imminently' expected accretive acquisition to add podcasters, traffic, and talent to the platform. Strategic leadership changes are planned, including the hiring of a new president with experience exiting multi-billion dollar public companies. Long-term revenue targets suggest the potential for hundreds of millions in revenue over two years and $1 billion over five years, contingent on converting 0.5% to 1% of B2B partner audiences. The company has authorized an additional $5 million for stock buybacks, following the $7 million already repurchased, citing a significant valuation discount compared to industry peers. Management has re-engaged JPMorgan bankers to explore strategic options and defend against potential 'lowball' acquisition bids. A $225 million to $230 million Net Operating Loss (NOL) carryforward is expected to significantly impact future earnings as the company reaches sustained profitability. The transition of Tesla users from a legacy $3 monthly rate to a $5 rate is ongoing, with management aiming to convert approximately 50% of the 1.3 million active Tesla users. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management expects a 90-180 day ramp-up period before meaningful revenue contributions from new B2B deals like AT&T. The partnership utilizes a three-way integration with Cisco to capture 'home screen' real estate in vehicles, mirroring the successful Tesla model but with a larger potential reach. Rob Ellin indicated that licensing deals are 'imminent,' with multiple parties bidding for access to secondary content for AI practice models. The company is evaluating pricing models in the range of $100 to $500 per hour of content while ensuring talent protections are in place. LiveOne has retained 1.3 million Tesla users with an average engagement of 69 minutes per day. While specific conversion percentages were not fully disclosed, management noted that overall Average Revenue Per User (ARPU) is increasing and the last two months showed positive subscriber growth. G&A expenses are expected to stabilize around $2.7 million to $3 million per quarter. Future hiring will be limited to a new president and specialized B2B heads for retail and auto sectors, as AI efficiencies have reduced the need for broader headcount expansion.

Q4 Momentum Continues with $18.9M Revenue; Audio Division Generates $18.3M Revenue and $2.4M Adjusted EBITDA* Increased fiscal 2027 guidance to $85M–$95M+ in revenue and $8M–$10M+ in Adjusted EBITDA*, excluding corporate overhead, reflecting strong confidence in continued growth Achieved a 52% year-over-year reduction in operating expenses through aggressive AI-driven efficiencies and a streamlined workforce from 350 to 88 employees Expanded stock repurchase program by over $7M, with approximately $5M remaining, underscoring commitment to shareholder value Strengthened B2B partnerships with industry leaders including AT&T, Vizio, Samsung, and LG, with another major strategic partner expected this quarter, reaching over 50 million monthly members Built a robust pipeline of more than 100 B2B potential opportunities across key verticals including automotive, CTV, mobile, retail, loyalty, media, and technology Accelerated AI monetization initiatives leveraging 250,000 hours of video, over 500,000 audio assets, and more than 1 billion tokens through strategic partnerships this quarter Positioned for continued expansion with a highly accretive acquisition expected to close this quarter and ongoing evaluation of additional M&A opportunities Positioned to continue eliminating $15M+ of liabilities with equity LOS ANGELES, June 24, 2026 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first music, entertainment, and technology platform, announced today its financial results for the fourth quarter (“Q4 Fiscal 2026”) and fiscal year ended March 31, 2026 (“Fiscal 2026”). LiveOne will host a conference call and webcast today, June 24, 2026. Financial Highlights Q4 Fiscal 2026 Revenue: $18.9M Q4 Fiscal 2026 Adjusted EBITDA*: $0.3M Audio Division Q4 Fiscal 2026 Revenue: $18.3M, maintaining positive segment Adjusted EBITDA* of $2.4M LiveOne acquired additional 906K shares of PodcastOne shares at average price of $1.98 per share during Fiscal 2026 LiveOne’s CEO and Chairman, Robert Ellin, stated, “Our fourth quarter results reflect strong execution and profitable growth, highlighted by sustained momentum in our Audio Division business and the scalability of our platform. Our continued share repurchases at attractive valuations underscore management’s conviction in the long-term value we are building for shareholders.” Fiscal 2027 Guidance LiveOne raises guidance for Fiscal 2027 for revenues to increase to $85-$95+ million and drive expected Adjusted EBITDA* of $8-10+ million (Excluding Corporate Overhead). Q4 Fiscal 2026 & Fiscal 2026 and Q4 Fiscal 2025 & Fiscal 2025 Results Summary (in $000’s, except per share; unaudited) Q4 Fiscal 2026 Results Summary Discussion For Q4 Fiscal 2026, LiveOne posted revenue of $18.9 million versus $19.3 million in the same period in the prior year, driven primarily by reductions in Slacker revenues. Q4 Fiscal 2026 Operating Loss was ($4.9) million compared to a ($10.8) million Operating Loss in the fourth quarter ended March 31, 2025 (“Q4 Fiscal 2025”). The $5.9 million improvement in Operating Loss was largely a result of reductions in impairment expense. LiveOne recorded a $7.7 million impairment expense within its Audio Division in Q4 Fiscal 2025. Q4 Fiscal 2026 Adjusted EBITDA* was $0.3 million, as compared to Q4 Fiscal 2025 Adjusted EBITDA* of ($0.5) million, an increase of $0.8 million. Q4 Fiscal 2026 Adjusted EBITDA* was comprised of Audio Division Adjusted EBITDA* of $2.4 million, Other Operations Adjusted EBITDA* of ($1.4) million and Corporate Adjusted EBITDA* of ($0.7) million. About LiveOne Headquartered 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 and live and virtual events. LiveOne's subsidiaries include Slacker, PodcastOne (Nasdaq: PODC), PPVOne, Custom Personalization Solutions, LiveXLive and DayOne Music Publishing. LiveOne 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 Twitter at @liveone. For more investor information, please visit ir.liveone.com. Forward-Looking Statements All 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,” “could,” “believe,” “seek,” “continue,” “contemplate,” “predict,” “potential,” “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 stockholder 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 announced digital asset treasury strategy and/or purchase digital assets from time to time pursuant to such strategy, including for the maximum announced amount, and other risks related to such strategy; 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 digital assets and digital 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, Quarterly Report on Form 10-Q for the quarter ended December 31, 2025, filed with the SEC on February 13, 2026, 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 quarter and full Fiscal 2027 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. LiveOne Press Contact:[email protected] Follow LiveOne on social media: Facebook, Instagram, TikTok, YouTube, and X at @liveone. Financial Information The tables below present financial results for the three and twelve months ended March 31, 2026 and 2025. LiveOne, Inc.Consolidated Statements of Operations (Unaudited)(In thousands, except share and per share amounts) LiveOne, Inc.Consolidated Balance Sheets (Unaudited)(In thousands) LiveOne, Inc.Reconciliation of Non-GAAP Measure to GAAP MeasureAdjusted EBITDA* Reconciliation (Unaudited)(In thousands) LiveOne, Inc.Reconciliation of Non-GAAP Measure to GAAP MeasureContribution Margin* Reconciliation (Unaudited)(In thousands) Tables accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/854c0fe7-5e0b-44cd-b525-5e3a51769d8e https://www.globenewswire.com/NewsRoom/AttachmentNg/547dd34e-f3ec-4e7a-9aa2-738105bfdf12 https://www.globenewswire.com/NewsRoom/AttachmentNg/3a786644-9fbb-4545-a706-10b331bc9e24 https://www.globenewswire.com/NewsRoom/AttachmentNg/6df13eda-99dc-4e82-aee5-af0ed29217e8 https://www.globenewswire.com/NewsRoom/AttachmentNg/afc8fe2a-ff45-4556-b853-5239f41f4fc2

This article first appeared on GuruFocus. Consolidated Revenue (Q4): $18.9 million Adjusted EBITDA (Q4): $300,000 Consolidated Net Loss (Q4): $7.6 million or negative $0.65 per share Audio Division Revenue (Q4): $18.3 million Audio Division Adjusted EBITDA (Q4): $2.4 million Podcast One Revenue (Q4): $15.7 million Podcast One Adjusted EBITDA (Q4): $1.9 million Slacker Revenue (Q4): $2.6 million Slacker Adjusted EBITDA (Q4): $600,000 Full-Year Revenue (Fiscal '26): $77.1 million Full-Year Adjusted EBITDA (Fiscal '26): Negative $900,000 Audio Division Full-Year Revenue: $73.5 million Audio Division Full-Year Adjusted EBITDA: $6.1 million Slacker Full-Year Revenue: $11.8 million Slacker Full-Year Adjusted EBITDA: Negative $200,000 Podcast One Full-Year Revenue: $61.7 million Podcast One Full-Year Adjusted EBITDA: $6.3 million Guidance for Fiscal '27 Revenue: $85 to $95 million Guidance for Fiscal '27 EBITDA: $8 to $10 million Warning! GuruFocus has detected 5 Warning Signs with LVO. Is LVO fairly valued? Test your thesis with our free DCF calculator. Release Date: June 24, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. LiveOne Inc (NASDAQ:LVO) reported a significant revenue increase, with $77 million in revenues for the fiscal year. The podcast business, PodcastOne, showed remarkable growth, achieving $61 million in revenue and $6.3 million in EBITDA, a $12 million swing from when it was acquired. The company has successfully paid down all junior debt and converted over $15 million of equity, significantly improving its balance sheet. LiveOne Inc (NASDAQ:LVO) has established new strategic partnerships with major companies like Vizio, Samsung, AT&T, and LG, expanding its B2B lineup. The company is actively buying back stock, demonstrating confidence in its undervaluation and future growth potential. LiveOne Inc (NASDAQ:LVO) faced a major setback by losing Tesla as a customer, resulting in a significant revenue loss of $65 million. The company reported a consolidated net loss of $7.6 million for the fourth quarter. Slacker, a subsidiary, reported a full-year revenue of $11.8 million with a negative EBITDA of $200,000. The transition from free to paid subscribers, particularly from Tesla users, remains challenging, with conversion rates still in the early stages. Operating expenses in the fourth quarter were slightly higher than in previous quarters, indicating potential cost management challenges. Q: Can you provide more details about the AT&T partnership and its potential impact on revenue? A: Robert Ellin, CEO, explained that the AT&T partnership is a significant opportunity as it involves integrating LiveOne's app into cars, allowing users to sign up and use the service directly from their vehicles. This partnership is expected to generate multiple revenue streams from current and new users. AT&T's involvement, along with Cisco, is anticipated to be a strategic move to grow both businesses, similar to past successes with carriers. Q: How do you plan to monetize your content through AI, and when can we expect to see revenue from these deals? A: Robert Ellin stated that monetization through AI is imminent, with multiple parties interested in licensing content for AI training. The company is exploring options to ensure contracts protect their talent while maximizing revenue. Ellin emphasized the potential for significant revenue from AI deals, which could start appearing in financial statements soon. Q: What is the current status of the Tesla partnership, and how are you converting free users to paying customers? A: Robert Ellin reported that LiveOne has 1.3 million Tesla users, with an average usage of 69 minutes per day. The company is using AI marketing tools to convert these users into paying subscribers. Despite challenges, LiveOne has managed to maintain a strong cash position and is optimistic about further conversions and revenue recovery from the Tesla relationship. Q: Can you provide an update on the company's share count and convertible securities? A: Robert Ellin mentioned that most convertible securities have been converted, with approximately $15 million worth of conversions completed. The company has also signed long-term partnerships, adding over 20 million songs to its portfolio, which positions LiveOne for global expansion and strengthens its balance sheet. Q: How are operating expenses expected to trend, and are there any non-recurring expenses from the fourth quarter? A: Craig Christensen, Interim CFO, indicated that the fourth quarter's operating expenses are a good baseline for future trends. The company has stabilized its G&A expenses and is well-positioned for growth through B2B deals and potential M&A transactions. There were no significant one-time expenses in the quarter, suggesting a stable cost structure moving forward. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

To Host Investor Webcast on Wednesday, June 24, 2026, at 10:30 am Eastern Time (7:30 am Pacific Time) LOS ANGELES, June 17, 2026 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first music, entertainment, and technology platform, plans to announce its operating and financial results for the fiscal year ended March 31, 2026 (“Fiscal Year 2026”) and host an investor webcast to discuss the results and provide a business update on Wednesday, June 24, 2026 at 10:30 am Eastern Time (7:30 am Pacific Time). To access the call, please use the following information: 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 and live and virtual events. LiveOne's subsidiaries include Slacker, PodcastOne (Nasdaq: PODC), PPVOne, Custom Personalization Solutions, LiveXLive and DayOne Music Publishing. LiveOne 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 Twitter at @liveone. 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,” “could,” “believe,” “seek,” “continue,” “contemplate,” “predict,” “potential,” “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 stockholder value; LiveOne’s ability to continue as a going concern; LiveOne’s ability to attract, maintain and increase the number of its subscribers and paid users; LiveOne identifying, acquiring, securing and developing content; LiveOne’s ability to implement its announced digital asset treasury strategy and/or purchase digital assets from time to time pursuant to such strategy, including for the maximum announced amount, and other risks related to such strategy; 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 digital assets; regulatory developments related to digital assets and digital 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, Quarterly Report on Form 10-Q for the quarter ended December 31, 2025, filed with the SEC on February 13, 2026, 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. LiveOne Press Contact:[email protected] Follow LiveOne on social media: Facebook, Instagram, TikTok, YouTube, and X at @liveone.