Exhibit 99.1

 

LiveOne (Nasdaq: LVO) Delivers Strong Fiscal 2026 Performance with $77.1M Revenue; Audio Division Drives

Growth with $73.5M Revenue and $6.1M+ Adjusted EBITDA*; Raises Fiscal 2027 Outlook

 

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, CA, June 24, 2026 – 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 Earnings Conference Call and Webcast

 
Date: Wednesday, June 24, 2026
Time: 10:30 AM Eastern Time (7:30 AM Pacific Time)
Webcast Link: https://events.q4inc.com/analyst/325286508?pwd=Q1KC0pEx
Dial-in: (833) 461-5787
International Dial-in: +44 808 196 8935
Conference Code: 325 286 508

 

Q4 Fiscal 2026 & Fiscal 2026 and Q4 Fiscal 2025 & Fiscal 2025 Results Summary (in $000’s, except per share; unaudited)

 

   Three Months Ended
March 31,
   Year Ended
March 31,
 
   2026   2025   2026   2025 
                 
Revenue  $18,919   $19,288   $77,144   $114,405 
Operating income (loss)  $(4,927)  $(10,758)  $(15,480)  $(18,057)
Total other income (expense)  $(2,678)  $162   $(5,743)  $(2,498)
Net income (loss)  $(7,579)  $(10,836)  $(21,253)  $(20,370)
Adjusted EBITDA*  $298   $(488)  $(922)  $8,384 
Net income (loss) per share, basic and diluted  $(0.65)  $(1.10)  $(1.91)  $(1.97)

 

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:  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.

 

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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.

 

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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:

press@liveone.com

 

Follow LiveOne on social media: Facebook, Instagram, TikTok, YouTube, and X at @liveone.

 

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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)

 

   Three Months Ended   Year Ended 
   March 31,   March 31, 
   2026   2025   2026   2025 
                 
Revenue:  $18,919   $19,288   $77,144   $114,405 
                     
Operating expenses:                    
Cost of sales   15,424    13,344    64,865    85,241 
Sales and marketing   840    1,711    4,040    6,396 
Product development   715    1,129    2,402    4,475 
General and administrative   6,686    5,715    20,664    22,746 
Impairment of intangible assets   -    7,674    -    11,657 
Amortization of intangible assets   181    473    653    1,947 
Total operating expenses   23,846    30,046    92,624    132,462 
Loss from operations   (4,927)   (10,758)   (15,480)   (18,057)
                     
Other income (expense):                    
Interest expense, net   (1,212)   -    (3,894)   (2,712)
Change in fair value of digital assets   (834)   -    (2,057)   - 
Other income (expense)   (632)   162    208    214 
Total other income (expense), net   (2,678)   162    (5,743)   (2,498)
                     
Loss before provision (benefit) for income taxes   (7,605)   (10,596)   (21,223)   (20,555)
                     
Provision (benefit) for income taxes   (26)   240    30    (185)
Net loss   (7,579)   (10,836)   (21,253)   (20,370)
Net loss attributable to non-controlling interest   185    (410)   (288)   (1,661)
Net loss attributed to LiveOne  $(7,764)  $(11,246)  $(20,965)  $(18,709)
                     
Net loss per share – basic and diluted  $(0.65)  $(1.10)  $(1.91)  $(1.97)
Weighted average common shares – basic and diluted   11,606,816    9,876,542    10,983,850    9,504,124 

 

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LiveOne, Inc.

Consolidated Balance Sheets (Unaudited)

(In thousands)

 

   March 31,   March 31, 
   2026   2025 
         
Assets        
Current Assets        
Cash and cash equivalents  $5,353   $4,119 
Restricted cash   30    30 
Accounts receivable, net   8,437    8,299 
Inventories   685    1,586 
Prepaid expense and other current assets   2,273    1,212 
Total Current Assets   16,778    15,246 
Property and equipment, net   3,297    893 
Goodwill   21,712    21,712 
Intangible assets, net   1,916    2,569 
Digital assets   2,943    - 
Other assets   229    97 
Total Assets  $46,875   $40,517 
           
Liabilities, Mezzanine Equity and Stockholders’ Deficit          
Current Liabilities          
Accounts payable and accrued liabilities  $27,759   $25,180 
Accrued royalties   3,475    5,490 
Notes payable, current portion   -    623 
Senior secured revolving line of credit, net   -    2,950 
Deferred revenue   1,789    2,141 
Convertible note, current portion   2,900    - 
Total Current Liabilities   35,923    36,384 
Notes payable, net   149    150 
Convertible note, noncurrent   11,689    - 
Lease liabilities, noncurrent   134    99 
Other long-term liabilities   11,351    12,236 
Deferred income taxes   61    60 
Total Liabilities   59,307    48,929 
           
Commitments and Contingencies          
           
Stockholders’ Deficit          
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 8,438 and 14,002 shares issued and outstanding as of March 31, 2026 and 2025, respectively   8,438    14,002 
Common stock, $0.001 par value; 500,000,000 shares authorized; 12,276,978 issued and outstanding as of March 31, 2026; 9,672,451 shares issued and outstanding as of March 31, 2025   12    10 
Additional paid in capital*   259,122    233,582 
Treasury stock*   (849)   (250)
Accumulated deficit   (287,310)   (265,119)
Total LiveOne’s Stockholders’ Deficit   (20,587)   (17,775)
Non-controlling interest   8,155    9,363 
Total equity (deficit)   (12,432)   (8,412)
Total Liabilities, Mezzanine Equity and Stockholders’ Deficit  $46,875   $40,517 

 

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LiveOne, Inc.

Reconciliation of Non-GAAP Measure to GAAP Measure

Adjusted EBITDA* Reconciliation (Unaudited)

(In thousands)

 

                   Non-             
                   Recurring             
   Net   Depreciation   Employee   Other   Acquisition and   Other   (Benefit)     
   Income   and   Stock-Based   Stock-Based   Realignment   (Income)   Provision   Adjusted 
   (Loss)*   Amortization*   Compensation*   Compensation*   Costs (1)*   Expense (2)*   for Taxes*   EBITDA* 
Three Months Ended March 31, 2026                                
Operations – PodcastOne  $(461)  $          167   $         355   $             1,753   $         38   $1   $     -   $1,853 
Operations – Slacker   (1,935)   555    1    302    -    1,634    -    557 
Operations – Other   (1,507)   54    27    475    -    (426)   (26)   (1,403)
Corporate   (3,676)   -    1,204    107    187    1,469    -    (709)
Total  $(7,579)  $776   $1,587   $2,637   $225   $2,678   $(26)  $298 
                                         
Three Months Ended March 31, 2025                                        
Operations – PodcastOne  $(2,336)  $470   $267   $432   $3   $-   $12   $(1,152)
Operations – Slacker   (2,786)   5,761    (144)   167    45    132    -    3,175 
Operations – Other   (4,073)   2,802    79    69    18    33    1    (1,071)
Corporate   (1,641)   -    (28)   (109)   438    (327)   227    (1,440)
Total  $(10,836)  $9,033   $174   $559   $504   $(162)  $240   $(488)

 

                   Non-             
                   Recurring             
   Net   Depreciation   Employee   Other   Acquisition and   Other   (Benefit)     
   Income   and   Stock-Based   Stock-Based   Realignment   (Income)   Provision   Adjusted 
   (Loss)*   Amortization*   Compensation*   Compensation*   Costs (1)*   Expense (2)*   for Taxes*   EBITDA* 
Year Ended March 31, 2026                                
Operations – PodcastOne  $(2,644)  $616   $1,654   $6,557   $120   $2   $-   $6,305 
Operations – Slacker   (3,063)   767    (126)   560    (8)   1,691    -    (179)
Operations – Other   (3,787)   242    176    1,108    35    (256)   (26)   (2,507)
Corporate   (11,759)   1    1,273    (682)   2,262    4,306    56    (4,542)
Total  $(21,253)  $1,626   $2,978   $7,544   $2,409   $5,743   $30   $(923)
                                         
Year Ended March 31, 2025                                        
Operations – PodcastOne  $(6,458)  $1,671   $2,671   $1,544   $47   $-   $24   $(501)
Operations – Slacker   3,570    11,875    561    722    244    1,707    -    18,679 
Operations – Other   (8,166)   3,430    1,361    (474)   640    123    1    (3,085)
Corporate   (9,316)   5    254   1,004    886    668    (210)   (6,709)
Total  $(20,370)  $16,981   $7,643   $7,643   $1,817   $2,498   $(185)  $8,384 

 

(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.

 

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LiveOne, Inc.

Reconciliation of Non-GAAP Measure to GAAP Measure

Contribution Margin* Reconciliation (Unaudited)

(In thousands)

 

   Three Months Ended
March 31
   Year Ended
March 31
 
   2026*   2025*   2026*   2025* 
Revenue:  $18,919   $19,288   $77,144   $114,405 
Less:                    
Cost of Sales   15,424    13,344    64,865    85,241 
Amortization of Developed Technology   (540)   (834)   (1,014)   (3,087)
Gross Profit   2,955    5,110    11,265    26,077 
                     
Add backs:                    
Share-based Compensation   1,367    123    4,998    1,042 
Depreciation   3    70    32    146 
Amortization of Developed Technology:   540    834    1,014    3,087 
Contribution Margin*  $4,865   $6,137   $17,309   $30,352 

 

* See the definition of Contribution Margin under “About Non-GAAP Financial Measures” within this release.

 

##END##

 

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