--- title: "LiveOne Earnings Call Highlights Turnaround and Risks" type: "News" locale: "en" url: "https://longbridge.com/en/news/290754392.md" description: "LiveOne reported Q4 earnings highlighting a turnaround with record FY2026 revenue of $77.1 million and positive Q4 adjusted EBITDA. The company raised FY2027 guidance to $85-95M revenue and $8-10M adjusted EBITDA, driven by PodcastOne's growth and new B2B partnerships. Despite improved balance sheet metrics and user engagement, LiveOne remains GAAP loss-making. Management signaled readiness for M&A while acknowledging ongoing structural challenges." datetime: "2026-06-25T00:04:32.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290754392.md) - [en](https://longbridge.com/en/news/290754392.md) - [zh-HK](https://longbridge.com/zh-HK/news/290754392.md) --- # LiveOne Earnings Call Highlights Turnaround and Risks Liveone, Inc. ((LVO)) has held its Q4 earnings call. Read on for the main highlights of the call. ### TipRanks' Prime Week Sale - 70% Off - Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions. - Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter. LiveOne’s latest earnings call painted a picture of a company in the midst of a marked turnaround, yet still wrestling with structural challenges. Management highlighted record revenue, improved profitability at core units, a stronger balance sheet and a growing pipeline of B2B partnerships, but investors were reminded that LiveOne remains loss-making on a GAAP basis and dependent on converting large installed user bases over time. ## Record Fiscal Year Revenue LiveOne reported consolidated fiscal 2026 revenue of about $77.1 million, underscoring a recovery from prior setbacks and reinforcing the narrative of operational momentum. The audio division drove the bulk of performance with $73.5 million in revenue, signaling that audio remains the engine of the business despite lingering weak spots. ## PodcastOne Strong Growth and Profitability PodcastOne was the standout, delivering record full-year revenue of $61.7 million and adjusted EBITDA of $6.3 million. Management stressed that this marks a dramatic shift from roughly $17 million in revenue and a $6.5 million EBITDA loss at acquisition, reflecting both top-line expansion and a roughly $12.8 million swing in profitability. ## Quarterly Improvement and Positive Q4 Adjusted EBITDA In the latest quarter, LiveOne posted Q4 consolidated revenue of $18.9 million alongside positive adjusted EBITDA of $0.3 million, hinting at emerging operating leverage. The audio division contributed $18.3 million of revenue and $2.4 million of adjusted EBITDA, with PodcastOne generating $15.7 million of revenue and $1.9 million of EBITDA and Slacker adding $2.6 million of revenue and $0.6 million of EBITDA. ## Raised Guidance for FY2027 The company raised its outlook for the coming fiscal year, now targeting revenue between $85 million and $95 million and adjusted EBITDA of $8 million to $10 million. Management framed this as a step-change from fiscal 2026’s $77.1 million in revenue and modest adjusted EBITDA loss, arguing that current momentum and operating improvements support the higher bar. ## Large B2B Partnerships and Expanding Pipeline LiveOne spotlighted new and expanded B2B deals with major partners including AT&T, Vizio, Samsung, LG and a growing relationship with Amazon and Paramount, collectively offering access to tens of millions of users. The company cited a pipeline of more than 100 partnerships and suggested that converting only 0.5% to 1% of these large partner audiences could generate material revenue, pointing to prior Amazon-related deals that grew from roughly $2 million to more than $20 million to $26 million over time. ## Massive Content and Data Assets Management emphasized LiveOne’s sizable library, including about 250,000 hours of video and over 500,000 hours of audio content, with an additional 20 million songs added to its portfolio. These assets are being positioned as fuel for emerging AI and data licensing opportunities, potentially giving the company new high-margin revenue streams if it can successfully monetize this catalog. ## Improved Balance Sheet and Capital Actions The company described its balance sheet as the strongest in its history after paying down all junior debt and converting more than $15 million of equity at a price of $7.50 per share. LiveOne also repurchased more than $7 million of its own stock and still has $5 million of remaining buyback authorization, signaling confidence in its valuation and a willingness to return capital to shareholders. ## User Engagement and Tesla Installed Base LiveOne reported about 1.3 million Tesla users, who are spending roughly 69 minutes per day on its service, underscoring a deep engagement footprint despite revenue challenges in this segment. Management estimates around 200,000 paying subscribers and noted improving average revenue per user and conversion trends, with recent activity showing conversion rates of about 1% to 2% and a phase-one trial sign-up success near 46%. ## Industry Positioning and M&A Readiness The company highlighted its rise to number seven on Podtrac and maintained a top-10 position throughout the year, reinforcing its competitive standing in podcasting. Management signaled it is poised for accretive M&A, noting that an acquisition is expected soon and that it has re-engaged a major bank to evaluate strategic options and safeguard shareholder value. ## GAAP Losses and Adjusted EBITDA Deficit Despite operational progress, LiveOne remains unprofitable on a GAAP basis, reporting a Q4 consolidated net loss of $7.6 million, or $0.65 per share. For the full year, adjusted EBITDA was negative $0.9 million, indicating that the profitable audio division has yet to fully offset losses elsewhere in the business and underscoring the need for continued cost discipline and revenue growth. ## Slacker Underperformance Slacker continues to lag within the portfolio, generating full-year revenue of $11.8 million but posting an adjusted EBITDA loss of $0.2 million as management acknowledged year-over-year revenue declines. Although the unit turned in positive adjusted EBITDA of $0.6 million in Q4, it remains a drag on consolidated results and a focus for further optimization or strategic repositioning. ## Revenue Recovery Lag After Losing a Major Customer Management revisited the impact of losing a major customer contract that once generated roughly $65 million of revenue, a blow that still weighs on comparisons and recovery timelines. The strategy to fill this gap leans heavily on converting existing free and installed users, particularly in Tesla, and on ramping new B2B deals, a process executives warned can be slow and uneven. ## Conversion Rates and Monetization Timing Risks While LiveOne’s installed base is large, current direct conversion rates around 1% to 2% highlight the difficulty in quickly translating engagement into paid revenue. The company also cautioned that many B2B partnerships take 90 to 180 days to generate meaningful revenue and, in some past cases, as long as 11 to 14 months, implying that near-term results may be back-end loaded and exposed to execution risk. ## Share Count and Dilution Questions Analysts pressed management on the current share count and the status of convertible instruments, revealing some remaining uncertainty for investors modeling dilution. While LiveOne stated that most convertibles have been converted, representing more than $15 million, it also indicated that roughly 1 million shares could still need reconciliation, leaving room for further share count adjustments. ## One-Time Items and Timing Risks The recovery year included various one-off items such as settlements, debt paydowns and restructuring costs, which complicate year-over-year comparisons but help clean up the capital structure. Management argued that many cost reductions are permanent, yet acknowledged that the timing of large B2B ramps and AI licensing deals remains unpredictable, creating volatility around when recurring revenue will fully materialize. ## Forward-Looking Guidance and Growth Levers Looking ahead, LiveOne’s raised guidance to $85 million to $95 million in revenue and $8 million to $10 million of adjusted EBITDA rests on a mix of operating momentum and new growth levers. Management pointed to an implied EBITDA run rate of about $2 million in the current quarter, more than 100 B2B deals in the pipeline, a deep content library and sizable tax assets as sources of potential upside, while also flagging that execution and timing will be critical to hitting these targets. LiveOne’s earnings call left investors with a balanced picture of a company that has clearly stabilized and is rebuilding growth, yet still faces meaningful risks in converting its scale into sustainable profits. Strong performance at PodcastOne, a cleaner balance sheet and an expanding B2B footprint are encouraging, but GAAP losses, Slacker’s underperformance and monetization timing uncertainties will remain key watchpoints in the quarters ahead. ### Related Stocks - [LVO.US](https://longbridge.com/en/quote/LVO.US.md) - [PODC.US](https://longbridge.com/en/quote/PODC.US.md) - [T.US](https://longbridge.com/en/quote/T.US.md) - [SSNGY.US](https://longbridge.com/en/quote/SSNGY.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [PARA.US](https://longbridge.com/en/quote/PARA.US.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [T-A.US](https://longbridge.com/en/quote/T-A.US.md) - [TBB.US](https://longbridge.com/en/quote/TBB.US.md) - [T-C.US](https://longbridge.com/en/quote/T-C.US.md) - [SMSN.UK](https://longbridge.com/en/quote/SMSN.UK.md) - [PARAA.US](https://longbridge.com/en/quote/PARAA.US.md) ## Related News & Research - [LiveOne issues 70,000 shares to Music Story at deemed price of $7.5 each under metadata license agreement](https://longbridge.com/en/news/294112418.md) - [LiveOne Restructures Metadata Licensing Through Share Issuance](https://longbridge.com/en/news/294116586.md) - [LiveOne announces annual shareholder meeting](https://longbridge.com/en/news/293977388.md) - [LiveOne, Inc. 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