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LiveOne, Inc. LVO incurred a third-quarter fiscal 2025 GAAP loss of 6 cents per share compared with a loss of 3 cents a year ago.
The Zacks Consensus Estimate was pegged at a loss of 3 cents per share.
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Revenues decreased 5.8% year over year to $29.4 million and missed the consensus mark by 9.9%.
LiveOne, Inc. Price, Consensus and EPS Surprise
LiveOne, Inc. price-consensus-eps-surprise-chart | LiveOne, Inc. Quote
In the third quarter, LVO signed five new deals, adding more than $44 million in revenues. This includes a $25 million partnership with a Fortune 500 media conglomerate and a $16.5 million deal with Amazon.
LiveOne anticipates finalizing at least two more partnerships by the end of the year. It remains focused on B2B partnerships, and the pipeline remains strong, with more than 70 B2B partnerships in various stages of development, involving companies ranging from $1 billion to $1 trillion in valuation.
PodcastOne’s 72% stake is owned by LVO, which is why its financial results are consolidated under this company.
The Audio business, comprising Slacker Radio and PodcastOne, has achieved a historic milestone, generating $90 million in the past nine months in revenues for the first time in the company's history. This success was accompanied by $14.1 million in adjusted EBITDA over the past nine months. This remarkable performance highlights our ability to adapt, overcome challenges and thrive.
In January 2025, the total number of paid and monthly active ad-supported users surpassed 800,000.
In fiscal 2025, LiveOne surpassed 800,000 Tesla subscribers, including more than 475,000 ad-supported users, with an addition of more than 100,000 new subscribers.
Additionally, LVO is committed to its stock buyback program of $12 million. The company has $6.2 million left for repurchase under the existing buyback plan.
LVO’s Margin Performance Other Details
During the fiscal third quarter, adjusted non-GAAP EBITDA was 1.5 million, down 53.5%. The Audio Division's non-GAAP adjusted EBITDA reached $3.6 million, driven by an improved contribution margin along with lower operating expenses.
Operating loss during the quarter totaled $5.1 million compared with operating loss of $0.8 million in the prior-year quarter. The wider loss was primarily due to a decline in revenues from the Audio Division.
Capital expenditure during the quarter was nearly $0.9 million because of capitalized software costs, which form an integral part of the development of LiveOne’s integrated music player.