LiveOne (LVO) investor relations material

Executive summary

• Achieved record Q1 FY2027 consolidated revenue of $19.4 million, up 1% year-over-year, with PodcastOne and Audio Division as key drivers and advertising comprising 83% of revenue.

• 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, with operating loss narrowing to $3.7 million year-over-year.

• 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.

• Discontinued digital asset treasury strategy and sold all cryptocurrency holdings in June 2026.

Financial highlights

• Audio Division posted $18.6 million in revenue and $6.3 million in adjusted EBITDA for Q1.

• PodcastOne delivered record $16.1 million in revenue and $1.6 million in adjusted EBITDA.

• Slacker business contributed $2.5 million in revenue and $4.7 million in adjusted EBITDA, driven by stock-for-service deals and elimination of past liabilities.

• Gross profit was $3.2 million, with gross margin improving to 17% from 11% year-over-year.

• Consolidated net loss improved to $3.1 million (-$0.23 per share), compared to $3.9 million loss (-$0.40 per share) year-over-year.

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 licensing opportunities.

• Expects to monetize AI licensing opportunities in the next quarter, with ongoing discussions with 17 AI businesses.

• Anticipates continued growth in subscription and advertising revenues as distribution expands through major partners.

• 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.