LiveOne (LVO) Q2 2027 earnings summary

Executive summary

• H1 revenue was $37.3M; management framed profitable, scaling audio and a reduced cost base as foundations for growth after the Tesla revenue loss.

• FY2028 revenue guidance is $100M+, tied to the anticipated launch of the largest partnership to date.

Financial highlights

• Q2 FY2027 revenue was $18.0M vs. $18.8M YoY; operating loss improved to $4.4M from $4.6M, and net loss was $5.6M vs. $5.7M.

• H1 FY2027 revenue was $37.3M vs. $38.0M; net loss narrowed to $8.7M from $9.6M.

• Record H1 EBITDA was $7.8M, up 619%; H1 Adjusted EBITDA was $3.6M vs. a loss of $2.8M in H1 FY2026.

• Q2 Adjusted EBITDA loss narrowed to $0.7M from $1.0M; diluted loss per share was $0.37 vs. $0.52.

• Management cited a $55M revenue and $15M EBITDA loss following the Tesla partnership change.

Outlook and guidance

• FY2027 guidance is $70M–$75M revenue and $10M+ Adjusted EBITDA; revisions reflect delayed B2B partner launch timelines.

• FY2028 revenue guidance is $100M+, anticipating the launch of the largest partnership to date; management also targets revenue above $250M within 36 months.

• A major B2B launch is expected before year-end, with partner reach of 50M+ active monthly subscribers and a pipeline of more than 75 global partners.

• Potential AI-content licensing deals exceed $10M in the pipeline but are excluded from current projections; forward Adjusted EBITDA reconciliation has limited visibility for specified adjustments.