LiveOne, Inc. (LVO) Earnings
LiveOne, Inc. is expected to report next earnings on August 12, 2026 (in NaN days), with a consensus EPS estimate of $-0.24. LVO has beaten EPS estimates in 3 of its last 12 reported quarters (average surprise -21.9% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jun 24, 2026 | $-0.31 | $-0.65 | -109.7% | $19M | -4.3% |
| Feb 12, 2026 | $-0.45 | $-0.37 | +17.8% | $20M | +5.0% |
| Nov 12, 2025 | $-0.45 | $-0.52 | -15.6% | $19M | -17.4% |
| Aug 13, 2025 | $-0.50 | $-0.40 | +20.0% | $19M | -0.5% |
| Jun 18, 2025 | $-0.05 | $-0.03 | +40.0% | $19M | -13.3% |
| Feb 13, 2025 | $-0.03 | $-0.03 | +0.0% | $29M | +29.1% |
| Nov 7, 2024 | $-0.01 | $-0.02 | -53.8% | $33M | -3.3% |
| Aug 13, 2024 | $-0.02 | $-0.02 | -14.3% | $33M | +1.9% |
| Feb 8, 2024 | $-0.03 | $-0.03 | -20.0% | $31M | +2.5% |
| Nov 20, 2023 | $-0.01 | $-0.09 | -1101.6% | $29M | -2.5% |
| Aug 10, 2023 | $-0.01 | $-0.01 | -33.3% | $28M | -5.1% |
| Feb 9, 2023 | $-0.04 | $-0.04 | -14.3% | $27M | +9.3% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q4 FY2026 · June 24, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Business Transformation & Turnaround * The company completed a successful turnaround after losing its largest customer, Tesla, which eliminated $65 million of annual revenue. The team cut costs dramatically and cleaned up the balance sheet, paying off all junior debt and converting $15 million of equity at $7.5 per share. * PodcastOne, acquired when it was losing $6.5 million annually, delivered a $12 million EBITDA swing to positive $6.3 million full year EBITDA, and now ranks 7th on PodTracks rankings. - Strategic B2B Partnership Progress * The company has secured new B2B partnerships with Vizio (Walmart), Samsung, LG, and AT&T, which reaches 70 million+ consumers and growing. These partnerships add hundreds of millions of monthly potential impressions, with over 100 additional B2B deals in the pipeline across verticals including hospitality, airlines, streaming networks, audio companies, carriers, and automakers. * Existing partnerships with Amazon and Paramount (Pluto TV) have scaled to over $20 million and $26 million in annual revenue respectively, up from small initial deal sizes. A major new retail partnership with a partner that has over 15 million monthly subscribers is expected to be announced imminently this quarter. - Balance Sheet & Capital Return * Management has repurchased over $7 million of company stock in the open market, with an additional $5 million of authorized buyback capacity remaining. CEO Rob Ellen plans to personally purchase a sizable additional stake in the company at current depressed valuations, and will continue repurchasing shares if the stock remains undervalued relative to industry peers. * The company holds $225-$230 million in net operating losses (NOLs) that will offset future taxable income once the business returns to profitability. - Strategic Initiatives * The company has 250,000 hours of video content and over 500,000 hours of audio content, which management believes is high-value for AI model training. Multiple AI companies have approached the company to license this content, with monetization expected imminently. * The company has engaged JPMorgan to explore all strategic options to defend against potential lowball acquisition offers. An accretive podcast/acoustic content acquisition is expected to close imminently, and management is actively targeting additional add-on acquisitions to grow scale. * Management plans to hire a new world-class president (with experience building and exiting multi-billion dollar public companies) this quarter, with the CEO stepping down from the president role to focus on strategy.
Guidance
- Full year fiscal 2027 guidance was upwardly revised to $85-$95 million in total revenue, with $8-$10 million in adjusted EBITDA. This represents a significant upward turn from fiscal 2026's negative full year adjusted EBITDA. - Management noted that guidance is intentionally conservative, and expects to increase guidance later in the year if B2B partnerships continue to ramp as expected. - AI content licensing has no incremental cost (beyond revenue sharing with talent) and is expected to add incremental low-margin revenue in the near term. - The expected upcoming accretive acquisition is projected to add immediate revenue and bottom-line contribution to fiscal 2027 results.
Segment performance
For the full fiscal year ended March 31, 2026: - Consolidated total revenue: $77.1 million, with adjusted EBITDA of negative $900,000 - Audio division (parent segment): Total full year revenue of $73.5 million, representing 95.3% of total consolidated revenue, with adjusted EBITDA of $6.1 million - PodcastOne (subsidiary): Full year revenue of $61.7 million, representing 80% of total consolidated revenue, with adjusted EBITDA of $6.3 million - Slacker (subsidiary): Full year revenue of $11.8 million, representing 15.3% of total consolidated revenue, with adjusted EBITDA of negative $200,000 For the fourth quarter of fiscal 2026: - Consolidated total revenue: $18.9 million, with adjusted EBITDA of $300,000. On a GAAP basis, consolidated net loss was $7.6 million (negative $0.65 per basic/diluted share) - Audio division: Q4 revenue of $18.3 million, representing 96.8% of total Q4 consolidated revenue, with adjusted EBITDA of $2.4 million - PodcastOne: Q4 revenue of $15.7 million, representing 83.1% of total Q4 consolidated revenue, with adjusted EBITDA of $1.9 million - Slacker: Q4 revenue of $2.6 million, representing 13.8% of total Q4 consolidated revenue, with adjusted EBITDA of $600,000
Risks & headwinds
- New B2B partnerships have extended ramp-up periods (90 to 180 days on average, with some major deals taking over 12 months to reach meaningful revenue), meaning full revenue contribution will be back-loaded in fiscal 2027 with no guarantee of projected conversion rates of partner audiences to paid subscribers. - Ongoing legal battles between large media companies and AI firms over content licensing could delay the monetization of the company's content library for AI training use cases. - Conversion of existing free Tesla users to paid subscriptions is still in early stages, with uncertain long-term conversion rates and churn as older vehicles exit the fleet. - The audio/podcast industry remains highly competitive, with large players including Netflix, Spotify, iHeartMedia, and OpenAI actively acquiring podcast assets, which could increase acquisition pricing and competition for talent and content.
Analyst Q&A
Q: What is the opportunity and timeline for AI content monetization of LiveOne's content library, and do you plan to monetize both podcast and non-podcast content? /
A: Multiple AI firms are actively and aggressively pursuing licensing deals for LiveOne's content. Unlike major network content that is owned by studios, most of LiveOne's podcasters own their content jointly with the company, making it available for licensing. The company has 250,000+ hours of video content and over 500,000 hours of audio content being evaluated, with multiple active bidders. Management expects revenue from AI licensing to start coming in imminently, and is prioritizing deals that protect podcaster talent rights. All content, including music festivals and interviews, is being considered for licensing. (317 words)
Q: How is progress on converting former free Tesla customers to paid customers going, and what is the expected timeline and trajectory for revenue recovery from the lost Tesla relationship? /
A: Conversion progress has exceeded expectations, with 1.3 million active Tesla users now engaging with LiveOne content, averaging 69 minutes of usage per user per day. The LiveOne branding is now prominently featured on the Tesla home screen, which dramatically improves user awareness compared to the previous unbranded offering. Overall subscriber numbers have grown for the past two consecutive months, with conversion rates currently around 1-2% monthly, and management expects conversion to improve with the rollout of AI-powered marketing tools. The cash flow from conversion efforts has already allowed the company to pay down all junior debt, strengthening the balance sheet. (298 words)
Q: What is the typical timeline for new B2B partnerships (like the recently announced Vizio, Samsung and LG deals) to begin delivering meaningful revenue? /
A: New B2B deals typically take 90 to 180 days from signing to start delivering meaningful revenue. For example, the Amazon partnership took 11 months to reach its current $20 million annual revenue scale, and the Paramount/Pluto TV deal took 14 months to grow from a $2 million starting deal to over $26 million in annual revenue. The recently announced TV OEM deals, which have the LiveOne app preloaded on new devices, are still in the very early stages, so detailed user metrics will not be available until September-November 2026. No marketing spend is required from LiveOne for these deals — partners market the offering to their existing large audience, making incremental revenue highly margin-accretive. (270 words)
Q: Why is the AT&T partnership different and more valuable than previous car OEM pre-install deals for Slacker? /
A: The AT&T partnership is a three-way strategic deal with AT&T, Cisco, and auto OEMs that positions LiveOne as the preferred content partner to help AT&T capture the valuable car infotainment home screen. AT&T markets LiveOne content to OEMs and end users to drive engagement with AT&T's mobility platform, providing free branding and user acquisition that would cost LiveOne tens of millions of dollars to purchase directly. Unlike previous pre-install deals, LiveOne is prominently featured on the front home screen of integrated infotainment systems, which dramatically increases user click-through and conversion. This is the first of what management expects to be multiple global carrier partnerships, as carriers seek to own user data and engagement rather than ceding it to Apple and Google. (261 words)