LiveOne (Nasdaq: LVO) Reports $58.2M Nine-Month Fiscal 2026 Revenue; Audio Division Delivers $52.2M Revenue and $3.7M+ Adjusted EBITDA*, Q3 Revenue of $20.3M and $1.6M Adjusted EBITDA, Audio Division Revenue of $18.6M and Adjusted EBITDA* of $2.6M
Rhea-AI Summary
LiveOne (Nasdaq: LVO) reported YTD Fiscal 2026 revenue of $58.2M and Q3 revenue of $20.3M. The Audio division delivered $52.2M YTD and >$3.7M Adjusted EBITDA*, with Q3 Audio revenue of $18.6M and Adjusted EBITDA* of $2.6M.
Management cut operating expenses ~52% YoY via AI-driven efficiencies and reduced headcount from 350 to 88, expanded buybacks with ~$6M remaining, and gave Audio Fiscal 2027 preliminary guidance of $85–95M+ revenue and $8–10M+ Adjusted EBITDA.
Positive
- Audio division YTD revenue of $52.2M
- Q3 Audio Adjusted EBITDA of $2.6M
- Operating expenses reduced ~52% year-over-year
- Headcount reduced from 350 to 88
- Remaining share repurchase capacity of ~$6M
- Audio division Fiscal 2027 guidance: $85–95M+ revenue
Negative
- Total revenue down to $20.3M in Q3 from $29.5M prior year
- Nine-month net loss of $13.7M
- Nine-month revenue decline from $95.1M to $58.2M
News Market Reaction – LVO
On the day this news was published, LVO declined 3.13%, reflecting a moderate negative market reaction. Argus tracked a peak move of +18.7% during that session. Argus tracked a trough of -6.2% from its starting point during tracking. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $2M from the company's valuation, bringing the market cap to $62M at that time. Trading volume was very high at 3.0x the daily average, suggesting heavy selling pressure.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
LVO is up 5.65% while peers show mixed moves: MPU +6.42%, RDI +1.83%, CNVS -0.54%, others near flat. No broad sector momentum or scanner hits reported.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jun 18 | FY25 results | Negative | -11.1% | FY2025 results showed revenue decline and higher Q4 operating loss despite audio strength. |
| Apr 07 | Prelim FY25 results | Positive | -4.1% | Preliminary FY2025 revenues and Adjusted EBITDA exceeded $112M and $16M guidance ranges. |
| Nov 07 | Q2 FY25 earnings | Positive | -6.2% | Q2 FY2025 revenue and Audio Division growth improved with narrower operating loss and guidance kept. |
| Aug 13 | Q1 FY25 earnings | Positive | +6.0% | Q1 FY2025 delivered 19% revenue growth, strong audio metrics and higher Adjusted EBITDA. |
| Feb 29 | Slacker FY25 guide | Positive | -1.8% | First-time Slacker Radio guidance outlined $80M revenue and $20M Adjusted EBITDA targets for FY2025. |
Earnings releases have often been followed by negative price reactions, even when highlighting revenue growth or guidance beats.
Across recent earnings releases since Feb 2024, LiveOne has highlighted strong Audio Division performance, guidance beats, and significant cost reductions. However, several quarters also showed revenue declines and widened operating losses, particularly in late FY2025. Market reactions were frequently negative despite operational progress. Today’s Q3 Fiscal 2026 report continues the focus on Adjusted EBITDA and expense reduction, with Audio Division strength and AI-driven efficiencies fitting into the ongoing narrative of pivoting from topline expansion toward profitability.
Historical Comparison
Past earnings headlines for LVO led to an average move of -3.42%. Versus that backdrop, a +5.65% move around this earnings print would mark a stronger-than-typical reaction.
Earnings releases show a shift from high revenue growth toward cost reductions, Audio Division profitability, and recurring use of Adjusted EBITDA to track progress.
Regulatory & Risk Context
An effective S-3 shelf registration for resale by existing holders allows registered warrant exercises that could bring up to $30,000 in proceeds and highlights risks such as substantial doubt about continuing as a going concern, significant indebtedness, Nasdaq listing risk, and reliance on a major OEM customer.
Market Pulse Summary
This announcement highlights Q3 Fiscal 2026 revenue of $20.3M and positive Adjusted EBITDA* of $1.6M, supported by a 52% year-over-year cut in quarterly operating expenses and significant headcount reductions. The Audio Division remains central, with Fiscal 2027 guidance of $85–$95M+ revenue and $8–10M+ Adjusted EBITDA*. Historically, earnings updates have coincided with choppy trading. Investors may watch future quarters for revenue stability, execution on Audio guidance, and how previously disclosed going concern and indebtedness risks evolve.
Key Terms
adjusted ebitda financial
non-gaap financial measures financial
contribution margin financial
digital assets financial
treasury strategy financial
AI-generated analysis. Not financial advice.
- AI-driven efficiencies reduced quarterly operating expenses
52% year-over-year and streamlined staff from 350 to 88 - Management expands share repurchases, with approximately
$6M remaining under the current board-authorized buyback program - Audio Division Fiscal 2027 Preliminary Guidance
- Revenue
$85 -$95M + - Adjusted EBITDA*
$8 -10M+
- Revenue
LOS ANGELES, Feb. 12, 2026 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first music, entertainment, and technology platform, announced today its financial results for the third quarter (“Q3 Fiscal 2026”) and first nine months (“YTD Fiscal 2026”) ended December 31, 2025 of its fiscal year ending March 31, 2026 (“Fiscal 2026”). LiveOne will host a conference call and webcast today, February 12, 2026.
Financial Highlights
- Q3 Fiscal 2026 Revenue:
$20.3M - Q3 Fiscal 2026 Adjusted EBITDA*:
$1.6M - Audio Division Q3 Fiscal 2026 Revenue:
$18.6M , maintaining positive segment Adjusted EBITDA* of$2.6M - Acquired additional 771K shares of PodcastOne shares at average price of
$1.93 per share during Fiscal 2026, including 186,636 during Q3 Fiscal 2026 at a price of$2.17 per share
Strategic & Operational Highlights
- Fortune 250 partner revenue increased to
$27 + million annual run rate - Plans to launch new B2B partnership reaching 30M+ monthly paying subscribers
- Tesla ad-supported users surpassed 1.3M
- AI-driven marketing increased ARPU by
60% (>$5) and boosted Premium conversions by22% + - Three podcasts sold to major TV and streaming platforms
- Actively evaluating M&A opportunities, including a potential subsidiary sale
LiveOne’s CEO and Chairman, Robert Ellin, stated, “Our third quarter results reflect strong execution and profitable growth, highlighted by sustained momentum in our Audio 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.”
| Q3 Fiscal 2026 Earnings Conference Call and Webcast | |
| Date: | Thursday, February 12, 2026 |
| Time: | 10:00 AM Eastern Time (7:00 AM Pacific Time) |
| Webcast Link: | https://events.q4inc.com/attendee/634058377 |
| Dial-in: | (800) 715-9871 |
| International Dial-in: | +1 (646) 307-1963 |
| Conference Code: | 1597508 |
Q3 Fiscal 2026 & YTD Fiscal 2026 and Q3 Fiscal 2025 & YTD Fiscal 2025 Results Summary (in
| Three Months Ended | Nine Months Ended | ||||||||||||||
| December 31, | December 31, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Revenue | $ | 20,256 | $ | 29,445 | $ | 58,225 | $ | 95,117 | |||||||
| Operating loss | $ | (1,951 | ) | $ | (5,113 | ) | $ | (10,553 | ) | $ | (7,299 | ) | |||
| Total other income (expense) | $ | (2,139 | ) | $ | (510 | ) | $ | (3,065 | ) | $ | (2,159 | ) | |||
| Net loss | $ | (4,106 | ) | $ | (5,638 | ) | $ | (13,674 | ) | $ | (9,513 | ) | |||
| Adjusted EBITDA* | $ | 1,609 | $ | 1,541 | $ | (1,222 | ) | $ | 7,328 | ||||||
| Net loss per share basic and diluted | ( | ) | ( | ) | ( | ) | ( | ) | |||||||
Q3 Fiscal 2026 Results Summary Discussion
For Q3 Fiscal 2026, LiveOne posted revenue of
Q3 Fiscal 2026 Operating Loss was (
Q3 Fiscal 2026 Adjusted EBITDA* was
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 through memberships and live and virtual events. LiveOne’s subsidiaries include Slacker, PodcastOne (Nasdaq: PODC), PPVOne, Custom Personalization Solutions, LiveXLive, DayOne Music Publishing, Drumify and Splitmind. LiveOne, a dedicated over-the-top application powered by Slacker, is available on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR’s OTT applications. For more information, visit liveone.com and follow us on Facebook, Instagram, TikTok, YouTube and X 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,” “believe,” “seek,” “continue,” “target” or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: LiveOne’s reliance on its largest OEM customer for a substantial percentage of its revenue; LiveOne’s ability to consummate any proposed financing, acquisition, spin-out, special dividend, merger, distribution or transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; LiveOne’s ability to continue as a going concern; LiveOne’s ability to attract, maintain and increase the number of its users and paid members; LiveOne identifying, acquiring, securing and developing content; LiveOne’s ability to implement its 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 September 30, 2025, filed with the SEC on November 14, 2025, and in LiveOne’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and LiveOne disclaims any obligation to update these statements, except as may be required by law. LiveOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.
* About Non-GAAP Financial Measures
To supplement our consolidated financial statements, which are prepared and presented in accordance with the accounting principles generally accepted in the United States of America (“GAAP”), we present Contribution Margin (Loss) and Adjusted Earnings Before Interest Tax Depreciation and Amortization (“Adjusted EBITDA”), which are non-GAAP financial measures, as measures of our performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, or superior to, operating loss and or net income (loss) or any other performance measures derived in accordance with GAAP or as an alternative to net cash provided by operating activities or any other measures of our cash flows or liquidity.
We use Contribution Margin (Loss) and Adjusted EBITDA to evaluate the performance of our operating segments. We believe that information about these non-GAAP financial measures assists investors by allowing them to evaluate changes in the operating results of our business separate from non-operational factors that affect operating income (loss) and net income (loss), thus providing insights into both operations and the other factors that affect reported results. Adjusted EBITDA is not calculated or presented in accordance with GAAP. A limitation of the use of Adjusted EBITDA as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in our business. Accordingly, Adjusted EBITDA should be considered in addition to, and not as a substitute for operating income (loss), net income (loss), and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, Adjusted EBITDA as presented herein may not be comparable to similarly titled measures of other companies.
Contribution Margin (Loss) is defined as Revenue less Cost of Sales before (a) Cost of Sales share-based compensation expense, (b) depreciation, and (c) amortization of developed technology. Adjusted EBITDA is defined as earnings before interest, other (income) expense, income tax expense, depreciation and amortization and before (a) non-cash GAAP purchase accounting adjustments for certain deferred revenue and costs, (b) legal, accounting and other professional fees directly attributable to acquisition activity, (c) employee severance payments and third party professional fees directly attributable to acquisition or corporate realignment activities, (d) certain non-recurring expenses associated with legal settlements or reserves for legal settlements in the period that pertain to historical matters that existed at acquired companies prior to their purchase date and a one-time minimum guarantee to effectively terminate a live events distribution agreement post COVID-19, and (e) certain stock-based compensation expense. Management does not consider these costs to be indicative of our core operating results.
With respect to projected quarter, nine-month and full Fiscal 2026 Adjusted EBITDA, a quantitative reconciliation is not available without unreasonable efforts due to the high variability, complexity and low visibility with respect to purchase accounting adjustments, acquisition-related charges and legal settlement reserves excluded from Adjusted EBITDA. We expect that the variability of these items to have a potentially unpredictable, and potentially significant, impact on our future GAAP financial results.
For more information on these non-GAAP financial measures, please see the tables entitled “Reconciliation of Non-GAAP Measure to GAAP Measure” included at the end of this release.
LiveOne Press Contact:
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 nine months ended December 31, 2025 and 2024.
| LiveOne, Inc. Consolidated Statements of Operations (Unaudited) (In thousands, except share and per share amounts) | |||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||
| December 31, | December 31, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Revenue: | $ | 20,256 | $ | 29,445 | $ | 58,225 | $ | 95,117 | |||||||
| Operating expenses: | |||||||||||||||
| Cost of sales | 16,450 | 22,292 | 49,441 | 71,897 | |||||||||||
| Sales and marketing | 1,069 | 1,763 | 3,200 | 4,685 | |||||||||||
| Product development | 310 | 1,115 | 1,687 | 3,346 | |||||||||||
| General and administrative | 4,197 | 5,241 | 13,978 | 17,031 | |||||||||||
| Amortization of intangible assets | 181 | 340 | 472 | 1,474 | |||||||||||
| Impairment of intangible assets | - | 3,807 | - | 3,983 | |||||||||||
| Total operating expenses | 22,207 | 34,558 | 68,778 | 102,416 | |||||||||||
| Loss from operations | (1,951 | ) | (5,113 | ) | (10,553 | ) | (7,299 | ) | |||||||
| Other income (expense): | |||||||||||||||
| Interest expense, net | (993 | ) | (544 | ) | (2,682 | ) | (2,211 | ) | |||||||
| Change in fair value of digital assets | (1,144 | ) | - | (1,223 | ) | - | |||||||||
| Other income (expense) | (2 | ) | 34 | 840 | 52 | ||||||||||
| Total other expense, net | (2,139 | ) | (510 | ) | (3,065 | ) | (2,159 | ) | |||||||
| Loss before provision (benefit) for income taxes | (4,090 | ) | (5,623 | ) | (13,618 | ) | (9,458 | ) | |||||||
| Provision (benefit) for income taxes | 16 | 15 | 56 | 55 | |||||||||||
| Net loss | (4,106 | ) | (5,638 | ) | (13,674 | ) | (9,513 | ) | |||||||
| Net loss attributable to non-controlling interest | (39 | ) | (405 | ) | (473 | ) | (1,251 | ) | |||||||
| Net loss attributed to LiveOne | $ | (4,067 | ) | $ | (5,233 | ) | $ | (13,201 | ) | $ | (8,262 | ) | |||
| Net loss per share–basic and diluted | $ | (0.37 | ) | $ | (0.59 | ) | $ | (1.31 | ) | $ | (1.03 | ) | |||
| Weighted average common shares–basic and diluted | 11,502,968 | 9,550,175 | 10,787,780 | 9,485,853 | |||||||||||
| LiveOne, Inc. Consolidated Balance Sheets (Unaudited) (In thousands) | |||||||
| December 31, | March 31, | ||||||
| 2025 | 2025 | ||||||
| (Audited) | |||||||
| Assets | |||||||
| Current Assets | |||||||
| Cash and cash equivalents | $ | 8,624 | $ | 4,119 | |||
| Restricted cash | 30 | 30 | |||||
| Accounts receivable, net | 9,849 | 8,299 | |||||
| Inventories | 1,417 | 1,586 | |||||
| Prepaid expense and other current assets | 1,280 | 1,212 | |||||
| Total Current Assets | 21,200 | 15,246 | |||||
| Property and equipment, net | 3,208 | 893 | |||||
| Goodwill | 21,712 | 21,712 | |||||
| Intangible assets, net | 2,098 | 2,569 | |||||
| Intangible digital assets | 3,777 | - | |||||
| Other assets | 265 | 97 | |||||
| Total Assets | $ | 52,260 | $ | 40,517 | |||
| Liabilities and Stockholders’ Equity (Deficit) | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | $ | 30,561 | $ | 25,180 | |||
| Accrued royalties | 3,916 | 5,490 | |||||
| Notes payable, current portion | 112 | 623 | |||||
| Convertible note, current portion | 2,500 | - | |||||
| Deferred revenue | 2,170 | 2,141 | |||||
| Senior secured line of credit | - | 2,950 | |||||
| Total Current Liabilities | 39,259 | 36,384 | |||||
| Notes payable, net | 149 | 150 | |||||
| Lease liabilities, noncurrent | 153 | 99 | |||||
| Convertible note, noncurrent | 12,412 | - | |||||
| Other long-term liabilities | 10,772 | 12,236 | |||||
| Deferred income taxes | 60 | 60 | |||||
| Total Liabilities | 62,805 | 48,929 | |||||
| Commitments and Contingencies | |||||||
| Stockholders’ Equity (Deficit) | |||||||
| Preferred stock, | 8,189 | 14,002 | |||||
| Common stock, | 12 | 10 | |||||
| Additional paid in capital | 252,937 | 233,582 | |||||
| Treasury stock | (849 | ) | (250 | ) | |||
| Accumulated deficit | (279,258 | ) | (265,119 | ) | |||
| Total LiveOne Stockholders’ Deficit | (18,969 | ) | (17,775 | ) | |||
| Non-controlling interest | 8,424 | 9,363 | |||||
| Total stockholders' deficit | (10,545 | ) | (8,412 | ) | |||
| Total Liabilities and Stockholders’ Deficit | $ | 52,260 | $ | 40,517 | |||
| LiveOne, Inc. Reconciliation of Non-GAAP Measure to GAAP Measure Adjusted EBITDA* Reconciliation (Unaudited) (In thousands) | ||||||||||||||||||||||||||
| Non- | ||||||||||||||||||||||||||
| Recurring | ||||||||||||||||||||||||||
| Net | Depreciation | Acquisition and | Other | (Benefit) | ||||||||||||||||||||||
| Income | and | Stock-Based | Realignment | (Income) | Provision | Adjusted | ||||||||||||||||||||
| (Loss) | Amortization | Compensation | Costs (1) | Expense (2) | for Taxes | EBITDA | ||||||||||||||||||||
| Three Months Ended December 31, 2025 | ||||||||||||||||||||||||||
| Operations – PodcastOne | $ | (154 | ) | $ | 167 | $ | 2,708 | $ | 65 | $ | 1 | $ | - | $ | 2,787 | |||||||||||
| Operations – Slacker | (630 | ) | 113 | 69 | - | 300 | - | (148 | ) | |||||||||||||||||
| Operations – Other | (255 | ) | 60 | 29 | - | 40 | - | (126 | ) | |||||||||||||||||
| Corporate | (3,067 | ) | - | (128 | ) | 477 | 1,798 | 16 | (904 | ) | ||||||||||||||||
| Total | $ | (4,106 | ) | $ | 340 | $ | 2,678 | $ | 542 | $ | 2,139 | $ | 16 | $ | 1,609 | |||||||||||
| Three Months Ended December 31, 2024 | ||||||||||||||||||||||||||
| Operations – PodcastOne | $ | (1,583 | ) | $ | 188 | $ | 718 | $ | 6 | $ | - | $ | 1 | $ | (670 | ) | ||||||||||
| Operations – Slacker | (862 | ) | 4,621 | 228 | 23 | 262 | - | 4,272 | ||||||||||||||||||
| Operations – Other | (995 | ) | 197 | 222 | 21 | 29 | - | (526 | ) | |||||||||||||||||
| Corporate | (2,198 | ) | 1 | 207 | 222 | 219 | 14 | (1,535 | ) | |||||||||||||||||
| Total | $ | (5,638 | ) | $ | 5,007 | $ | 1,375 | $ | 272 | $ | 510 | $ | 15 | $ | 1,541 | |||||||||||
| Non- | ||||||||||||||||||||||||||
| Recurring | ||||||||||||||||||||||||||
| Acquisition | ||||||||||||||||||||||||||
| Depreciation | and | Other | (Benefit) | |||||||||||||||||||||||
| Net Income | and | Stock-Based | Realignment | (Income) | Provision | Adjusted | ||||||||||||||||||||
| (Loss) | Amortization | Compensation | Costs (1) | Expense (2) | for Taxes | EBITDA* | ||||||||||||||||||||
| Nine Months Ended December 31, 2025 | ||||||||||||||||||||||||||
| Operations – PodcastOne | $ | (2,183 | ) | $ | 449 | $ | 6,103 | $ | 82 | $ | 1 | $ | - | $ | 4,452 | |||||||||||
| Operations – Slacker | (1,128 | ) | 212 | 131 | (8 | ) | 57 | - | (736 | ) | ||||||||||||||||
| Operations - Other | (2,280 | ) | 188 | 782 | 35 | 170 | - | (1,105 | ) | |||||||||||||||||
| Corporate | (8,083 | ) | 1 | (720 | ) | 2,075 | 2,837 | 56 | (3,833 | ) | ||||||||||||||||
| Total | $ | (13,674 | ) | $ | 850 | $ | 6,296 | $ | 2,184 | $ | 3,065 | $ | 56 | $ | (1,222 | ) | ||||||||||
| Nine Months Ended December 31, 2024 | ||||||||||||||||||||||||||
| Operations – PodcastOne | $ | (4,618 | ) | $ | 1,201 | $ | 1,972 | $ | 44 | $ | - | $ | 12 | $ | (1,389 | ) | ||||||||||
| Operations – Slacker | 6,356 | 6,114 | 1,260 | 199 | 1,575 | - | 15,504 | |||||||||||||||||||
| Operations - Other | (4,072 | ) | 628 | 739 | 622 | 90 | - | (1,993 | ) | |||||||||||||||||
| Corporate | (7,179 | ) | 5 | 1,395 | 448 | 494 | 43 | (4,794 | ) | |||||||||||||||||
| Total | $ | (9,513 | ) | $ | 7,948 | $ | 5,366 | $ | 1,313 | $ | 2,159 | $ | 55 | $ | 7,328 | |||||||||||
| (1 | ) | Non-Recurring Acquisition and Realignment Costs include non-cash GAAP purchase accounting adjustments for certain deferred revenue and costs, legal, accounting and other professional fees directly attributable to acquisition activity, employee severance payments and third party professional fees directly attributable to acquisition or corporate realignment activities, and 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. | |
| (2 | ) | Other (income) expense above primarily includes interest expense 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 Adjusted EBITDA under “About Non-GAAP Financial Measures” within this release. |
| LiveOne, Inc. Reconciliation of Non-GAAP Measure to GAAP Measure Contribution Margin* Reconciliation (Unaudited) (In thousands) | |||||||
| Three Months Ended | |||||||
| December 31, | |||||||
| 2025 | 2024 | ||||||
| Revenue: | $ | 20,256 | $ | 29,445 | |||
| Less: | |||||||
| Cost of sales | (16,450 | ) | (22,292 | ) | |||
| Amortization of developed technology | (107 | ) | (787 | ) | |||
| Gross Profit | 3,699 | 6,366 | |||||
| Add back: | |||||||
| Share-based compensation: | 1,504 | 269 | |||||
| Depreciation expense: | 3 | 39 | |||||
| Amortization of developed technology: | 107 | 787 | |||||
| Contribution Margin | $ | 5,313 | $ | 7,461 | |||
| Nine Months Ended | |||||||
| December 31, | |||||||
| 2025 | 2024 | ||||||
| Revenue: | $ | 58,225 | $ | 95,117 | |||
| Less: | |||||||
| Cost of sales | (49,441 | ) | (71,897 | ) | |||
| Amortization of developed technology | (474 | ) | (2,253 | ) | |||
| Gross Profit | 8,310 | 20,967 | |||||
| Add back: | |||||||
| Share-based compensation: | 3,631 | 919 | |||||
| Depreciation expense: | 29 | 76 | |||||
| Amortization of developed technology: | 474 | 2,253 | |||||
| Contribution Margin | $ | 12,444 | $ | 24,215 | |||
| * | See the definition of Contribution Margin under “About Non-GAAP Financial Measures” within this release. |
FAQ
What were LiveOne (LVO) Q3 Fiscal 2026 revenue and Adjusted EBITDA?
How did LiveOne’s Audio division perform in nine months and Q3 of Fiscal 2026?
What cost reductions did LiveOne announce and how did they affect margins?
How much share repurchase capacity does LiveOne (LVO) have remaining?
What preliminary Fiscal 2027 guidance did LiveOne give for the Audio division?
