LiveOne (NASDAQ:LVO) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

LiveOne (NASDAQ:LVO) posted its quarterly earnings results on Thursday. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.04), FiscalAI reports. The firm had revenue of $17.97 million during the quarter, compared to analysts’ expectations of $19.90 million.

Here are the key takeaways from LiveOne’s conference call:

• LiveOne reported $37.3 million in first-half revenue and $7.8 million in adjusted EBITDA, up 619% year over year. Management guided to $70 million–$75 million in fiscal 2027 revenue and more than $10 million in adjusted EBITDA.
• Management expects to launch a major B2B partnership before year-end, saying it could reach more than 50 million monthly paying subscribers, and forecast over $100 million in revenue next fiscal year and over $250 million within 36 months. The partner’s identity and financial terms were not disclosed, and management said it would provide more detail later.
• The company highlighted partnerships with AT&T, Vizio, LG, Samsung, Amazon and Paramount, among others, as potential growth channels. Executives did not provide subscriber additions or performance data for the newer smart-TV deals, noting that launches are recent and partner performance can vary.
• LiveOne said it reduced headcount from about 350 to 80 and cited the loss of Tesla-related revenue of $55 million and EBITDA of $15 million. Management said audio is profitable and expects growth to offset the lost business, but did not provide a detailed timeline for replacing it.
• PodcastOne was described as a top-10 podcast network for 12 straight months, with record first-half revenue and EBITDA. Asked about a reported decline in downloads and the outlook for revenue trends and advertising rates, management reiterated company-wide guidance but did not address those specifics.

LiveOne Price Performance

Shares of LVO traded up $0.14 during trading hours on Thursday, hitting $2.92. The stock had a trading volume of 53,270 shares, compared to its average volume of 75,713. The firm has a market capitalization of $40.11 million, a PE ratio of -1.68 and a beta of 1.81. LiveOne has a 12 month low of $2.08 and a 12 month high of $7.19. The stock has a fifty day moving average price of $2.85 and a 200 day moving average price of $4.57.

Analysts Set New Price Targets

Several research firms recently commented on LVO. Weiss Ratings cut LiveOne from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, October 19th. UBS Group set a $8.00 target price on LiveOne in a research report on Wednesday, August 12th. Finally, Wall Street Zen upgraded shares of LiveOne from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $10.00.

About LiveOne

LiveOne, Inc. (NASDAQ: LVO) is a digital media and entertainment company that develops and distributes music, podcasting, and live-event content. Its offerings are designed to provide consumers with access to streaming audio, original programming, digital radio, and interactive entertainment experiences across connected devices. The company operates the LiveOne platform, which features music and live entertainment programming, including livestreamed concerts, festivals, and other artist-focused events.