LiveOne (LVO) Q4 2026 earnings summary

Executive summary

• Fiscal 2026 was a transformational year, overcoming the loss of a major customer (Tesla) and significant revenue declines, while executing a turnaround across all subsidiaries.

• Fiscal 2026 revenue reached $77.1M, with Q4 revenue at $18.9M, driven by the Audio Division's $73.5M annual and $18.3M Q4 revenue.

• Operating expenses were reduced by 52% year-over-year through AI-driven efficiencies and workforce reduction.

• New B2B partnerships with major brands (AT&T, Vizio, Samsung, LG) and a robust pipeline of over 100 deals are expected to drive future growth.

• Management is confident in continued growth, with raised guidance and imminent accretive acquisitions planned.

Financial highlights

• Fiscal 2026 revenue was $77.1 million, with adjusted EBITDA of negative $900,000.

• Q4 revenue was $18.9 million, with positive adjusted EBITDA of $300,000.

• Audio division full-year revenue was $73.5 million, with $6.1 million in adjusted EBITDA.

• PodcastOne delivered record full-year revenue of $61.7 million and $6.3 million in adjusted EBITDA.

• Net loss for Fiscal 2026 was $21.3 million, or $1.91 per share.

Outlook and guidance

• Fiscal 2027 revenue guidance raised to $85 million–$95 million, with $8 million–$10 million in EBITDA.

• Q1 EBITDA run rate is already near $8 million annualized, despite being the slowest quarter.

• Management expects further increases in guidance if B2B deals continue to close.

• Imminent accretive acquisition expected to add revenue, traffic, and talent.