LiveOne (LVO) investor relations material

Financial performance and restructuring

• Achieved record quarterly results with over $19 million in revenue and $6 million in EBITDA.

• Provided EBITDA guidance of $8–$10 million for the year and increased net equity by $7 million.

• Reduced staff from 350 to 80 and eliminated over $5 million in liabilities this quarter.

• Aggressively repurchased over $7 million in stock and 150,000 shares of PodcastOne.

• PodcastOne posted $16 million in quarterly revenue and $1.6 million in EBITDA, with annual guidance of $68–$75 million.

Business model, growth, and portfolio

• Advertising revenue has surpassed subscriptions, with expectations for subscription growth via B2B deals.

• Consolidated Slacker Radio and PodcastOne, doubling combined revenues to $80 million despite losing Tesla revenues.

• Expanded revenue streams through talent, live events, merchandise, and publishing.

• Announced a major return to live events with Team Boxing League, targeting over 60 events per year.

• Merchandise and publishing businesses are being streamlined to focus on celebrity brands and talent.

Industry trends and strategic positioning

• Podcast industry is seeing renewed acquisition activity, with recent deals at high revenue multiples.

• Streaming and media giants are entering the podcast space, with Netflix, Disney, and Fox making moves.

• Company is positioned as the only small-cap music subscription platform available for acquisition.

• Holds 46 patents and leverages a tech stack built by a team from Qualcomm and other major media firms.

• Partnerships with major distributors like LG, Vizio, AT&T, and Samsung are expanding global reach.