LiveOne, Inc. Q2 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

  • Quarter Ended: September 30, 2025
  • Call Date: November 12, 2025
  • CEO: Robert Ellin
  • CFO: Ryan Carhart

Key Financial Highlights

  • Consolidated Revenue: $18.8 million in Q2 FY2026 (compared to $23.5 million in Q2 FY2025, indicating a drop primarily due to the loss of Tesla revenue).
  • Consolidated Adjusted EBITDA: -$1 million (compared to +$2.5 million in Q2 FY2025).
  • Net Loss (GAAP): $5.7 million or $0.52 per diluted share.
  • PodcastOne:
    • Record revenue of $15.2 million (up from approx. $11 million YoY).
    • Adjusted EBITDA of $1.1 million (swinging from a $5 million EBITDA loss last year).
    • Expected full-year revenues: $56M - $60M and EBITDA: $4.5M - $6M.
  • Slacker Division:
    • Revenue: $3.1 million
    • Adjusted EBITDA: -$0.4 million
    • Contributing factor to lower gross margins YoY due to the shift in revenue mix post-Tesla.

Strategic and Operational Highlights

  • AI and Tech Efficiency: Staff reduction from 350 to 95 through AI implementation, reducing costs from $22M to $6M.

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Operator: Thank you for standing by. Welcome to LiveOne Q2 Fiscal 2026 Financial Results and Business Update Conference Call. [Operator Instructions] I would now like to turn the conference over to Ryan Carhart, Chief Financial Officer. You may begin. Ryan Carhart: Thank you. Good morning, and welcome to LiveOne's Business Update and Financial Results Conference Call for the company's fiscal second quarter ended September 30, 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, which is posted o

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