LiveOne, Inc. reported Q1 2025 earnings, with sales of $19.21 million, down from $33.08 million YoY. Net loss increased to $3.59 million from $1.17 million YoY. Basic and diluted loss per share from continuing operations were $0.04, up from $0.02 YoY.
LiveOne, Inc. (NASDAQ: LVO) reported its earnings for the first quarter ended June 30, 2025, revealing a significant decline in revenue and an increase in net loss. The company's sales for the quarter were $19.21 million, a 41.7% decrease compared to the same period last year, when revenue was $33.08 million [1]. Net loss widened to $3.59 million, up from $1.17 million in the previous year [1].
The company's basic loss per share from continuing operations was $0.04, an increase of $0.02 from the prior year, while the diluted loss per share was also $0.04, up from $0.02 [1]. These increases reflect the company's deteriorating financial performance.
LiveOne has been actively pursuing strategic partnerships and cost-cutting measures to address its financial challenges. In the first quarter of fiscal 2026, the company announced partnerships with Amazon and a Fortune 250 streaming network, totaling $16.5 million and $26 million in projected revenue, respectively. Additionally, LiveOne completed a $10.2 million equity raise for Bitcoin yield strategy and Web3 initiatives, expanding its Web3 team [2].
Despite these efforts, LiveOne's core business, particularly its Audio Division, has faced significant pressure. The Audio Division's Adjusted EBITDA was $0.4 million, driven by a decrease in Slacker revenues [2]. The company also reported an operating loss of $4.0 million and an Adjusted EBITDA of ($1.8) million for Q1 Fiscal 2026, a substantial decline from the prior year [2].
LiveOne's strategic pivot into Web3 and new partnerships is a notable attempt to diversify revenue streams. However, the current financial trajectory remains concerning, with a substantial revenue decline and widening losses. The company's ability to successfully implement these initiatives will be critical in reversing the negative financial trends evident in this quarter's results.
References:
[1] https://www.marketscreener.com/news/liveone-inc-reports-earnings-results-for-the-first-quarter-ended-june-30-2025-ce7c51dbd080ff20
[2] https://www.stocktitan.net/news/LVO/live-one-lvo-reports-q1-fiscal-2026-revenue-of-19-2-million-b44hins0nxwq.html
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