LiveOne, Inc. Q4 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Financial Highlights
  • Full Year Revenue: $77.1 million (audio division: $73.5 million). This reflects recovery after losing major Tesla customer (previously ~$65M of ~$75M annual revenue).
  • Full Year Adjusted EBITDA: Consolidated -$0.9 million; audio division +$6.1 million.
  • Q4 Revenue: $18.9 million consolidated (+$18.3 million audio); adjusted EBITDA +$0.3 million consolidated (+$2.4 million audio).
  • Subsidiary Performance: PodcastOne: $61.7 million revenue and +$6.3 million EBITDA (vs. $17 million revenue and -$6.5 million EBITDA at acquisition; +$12.3 million EBITDA swing). Slacker: $11.8 million revenue and -$0.2 million EBITDA (costs reduced to near-breakeven despite revenue decline).
  • Net Loss (Q4 GAAP): $7.6 million or -$0.65 per share.
Balance Sheet & Capital Structure Improvements (vs. Prior Year Challenges)
  • Paid down all junior debt; converted over $15 million to equity at $7.50/share.
  • Replaced banking partners after prior pullouts; balance sheet now strongest in company history.
  • Stock buybacks: Over $7 million repurchased in open market + $5 million additional authorized; personal purchases by CEO planned.
  • PodcastOne share buybacks also executed.
Guidance & Outlook (FY2027)

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Operator: Good morning, and thank you for standing by. Welcome to LiveOne's fiscal fourth quarter and full year ended March 31st, 2026 financial results and business update conference call. During today's call, all participants will be in listen-only mode. Following the presentation, the conference will be opened for questions. Presenting on today's call is Rob 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, 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 differ 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 could cause the company's actual results to differ materially from these forward-looking statements, including those described in its annual report on Form 10-K for the year ended March 31st, 2026, and subsequent SEC filings. You'll 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

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