LiveOne, Inc. Q1 FY2027 Earnings Call

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LiveOne Q1 FY2027 Earnings Summary (Ended June 30, 2026)

  • Revenue: Consolidated revenue of $19.4 million (CEO noted $19.3 million), with audio revenues at $18.6 million. PodcastOne achieved record revenue of $16.1–16.2 million. Slacker revenue was $2.5 million. This reflects strong growth in core audio/podcast segments versus prior periods.
  • Adjusted EBITDA: Record $6.3 million for audio division (PodcastOne: $1.6 million; Slacker: $4.7 million, boosted by stock-for-service deals and liability eliminations). Consolidated adjusted EBITDA of $4.3 million. Significant improvement driven by cost cuts and one-time items.
  • Net Loss (GAAP): $3.1 million or -$0.23 per basic/diluted share, improved from $3.9 million or -$0.40 per share in the same quarter last year (Q1 FY2026).
  • Balance Sheet: Cash increased by $3.3 million; stockholders' equity rose by $7 million; liabilities reduced by $5 million. Completed $7 million of $12 million stock repurchase program. Paid off all junior debt at PodcastOne and acquired 150,000 PodcastOne shares.
  • Cost Structure: Staff reduced from peak of 350 to ~80, supporting leaner operations and higher profitability potential compared to prior high-cost periods.

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Operator: Good morning and thank you for standing by. Welcome to LiveOne's fiscal year 27 first quarter ended June 30, 2026 Financial Results and Business Update Conference Call. During today's call, all participants will be in a listen-only mode. Following the presentation, the conference will be opened for questions. Presenting on today's call is Robert S. Ellin, CEO and Chairman of LiveOne, and Craig Christensen, Interim CFO of LiveOne. I would like to remind you that some of the statements made on today's call are forward looking and are based on current expectations and forecasts and assumptions that involve various risks and uncertainties. These statements include, but are not limited to, statements regarding the future performance of the company, including expected future financial results and expected future growth in the business. Actual results may vary materially from those discussed on this call for a variety of reasons. Please refer to the company's filings with the SEC for information about factors which would cause the company's results to differ materially from these forward looking statements. Including those described in its annual report on Form 10-K for the year ended 03/31/2026 and subsequent SEC filings. You will find reconciliations of non GAAP financial measures to the most comparable GAAP financial measures discussed today in the company's earnings release, which is posted on its Investor Relations website. The company encourages you to periodically v

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