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GlobeNewsWire
28 days ago
LiveOne (Nasdaq: LVO) Delivers Strong Fiscal 2026 Performance with $77.1M Revenue; Audio Division Drives Growth with $73.5M Revenue and $6.1M+ Adjusted EBITDA*; Raises Fiscal 2027 Outlook
Increased fiscal 2027 guidance to $85M–$95M+ in revenue and $8M–$10M+ in Adjusted EBITDA * , excluding corporate overhead, reflecting strong confidence in continued growth Achieved a 52% year-over-year reduction in operating expenses through aggressive AI-driven efficiencies and a streamlined workforce from 350 to 88 employees Expanded stock repurchase program by over $7M, with approximately $5M remaining, underscoring commitment to shareholder value Strengthened B2B partnerships with industry leaders including AT&T, Vizio, Samsung, and LG, with another major strategic partner expected this quarter, reaching over 50 million monthly members Built a robust pipeline of more than 100 B2B potential opportunities across key verticals including automotive, CTV, mobile, retail, loyalty, media, and technology Accelerated AI monetization initiatives leveraging 250,000 hours of video, over 500,000 audio assets, and more than 1 billion tokens through strategic partnerships this quarter Positioned for continued expansion with a highly accretive acquisition expected to close this quarter and ongoing evaluation of additional M&A opportunities Positioned to continue eliminating $15M+ of liabilities with equity LOS ANGELES, June 24, 2026 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first music, entertainment, and technology platform, announced today its financial results for the fourth quarter (“Q4 Fiscal 2026”) and fiscal year ended March 31, 2026 (“Fiscal 2026”). LiveOne will host a conference call and webcast today, June 24, 2026.