LiveOne, Inc. Q3 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Quarter Overview

  • Q3 FY2026 revenue was $20.3M, contributing to $58M for the first nine months. This compares to prior-year periods where revenue was pressured following the loss of major automotive partnerships.
  • Operating expenses declined more than 52% year-over-year due to restructuring and AI-driven efficiencies, reducing headcount from 350 to 88.
  • Consolidated adjusted EBITDA was $1.6M, reflecting a material turnaround from prior-year losses.
  • Net loss improved to $4.1M (or $0.37/share), compared to larger losses last year.

Business Segment Highlights

  • Audio Division: $18.6M in Q3 revenue; $2.6M adjusted EBITDA. For the first nine months, $52.2M in revenue and $3.7M adjusted EBITDA.
  • PodcastOne: Record Q3 revenue of $15.9M and adjusted EBITDA of $2.8M; management expects this trend to continue.
  • Slacker: $2.8M in Q3 revenue and slightly negative EBITDA (-$0.1M). Advertising ARPU increased over 30% since partnering with DAX.

Strategic Positioning and Growth Outlook

  • Three major Fortune 500 B2B partnerships are signed and expected to be publicly launched by year-end. Two partners have 50M+ monthly paying subscribers.
  • B2B pipeline grew 30% over the past 120 days with over 100 active enterprise opportunities.

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Operator: Thank you for standing by. Welcome, everyone, to the LiveOne, Inc. Third Quarter Fiscal 2026 Financial Results and Business Update. [Operator Instructions] I would now like to turn the call over to Ryan Carhart, Chief Financial Officer. You may begin, sir. Ryan Carhart: Thank you. Good morning, and welcome to LiveOne's Business Update and Financial Results Conference Call for the company's fiscal third quarter ended December 31, 2025. Presenting on today's call with me is Rob Ellin, CEO and Chairman 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 31, 2025, 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, whi

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