LiveOne (LVO) investor relations material

Executive summary

• Achieved record Q1 FY2027 consolidated revenue of $19.4 million, up 1% year-over-year, with advertising comprising 83% of revenue and paid memberships 14%, driven by PodcastOne and Audio Division growth.

• Adjusted EBITDA reached $4.3 million, a $6.1 million improvement from the prior year, with record performance in audio and podcast segments.

• Net loss attributable to the company improved to $2.6 million, down from $3.6 million in the prior year quarter.

• Increased cash position by $3.3 million to $8.6 million, stockholders' equity by $6.9 million, and eliminated $5 million in liabilities during the quarter.

• Strategic partnerships expanded, including agreements with major global retailers, Netflix, AT&T, Samsung, LG, VIZIO, and other tech giants, and accelerated AI initiatives.

Financial highlights

• Q1 consolidated revenue: $19.4 million; adjusted EBITDA: $4.3 million; Audio Division revenue: $18.6 million; PodcastOne revenue: $16.1 million.

• PodcastOne posted record revenue of $16.1 million and adjusted EBITDA of $1.6 million.

• Slacker business revenue: $2.5 million; adjusted EBITDA: $4.7 million, with margin improvement due to one-time items.

• Net loss of $3.1 million (-$0.23 per share), improved from $3.9 million (-$0.40 per share) year-over-year.

• Cash and cash equivalents were $8.6 million as of June 30, 2026.

Outlook and guidance

• Management sees a clear path to over $250 million in revenue within three years, driven by B2B partnerships, global expansion, and AI initiatives.

• Anticipates significant revenue ramp-up from new and existing partnerships, with expectations to surpass $100 million in revenue in the near future.

• Plans to continue aggressive stock buybacks, pursue accretive M&A opportunities, and invest in product and engineering.

• Future growth depends on converting OEM drivers to direct subscribers and expanding B2B agreements.

• Liquidity and cash flows expected to fluctuate due to OEM relationship changes and new agreements.