Are all three major smart TV partners (Samsung, LG, VIZIO) selling TVs with LiveOne content, and is there evidence of usage or subscriptions?

LiveOne content is integrated across all three smart TV partners, but marketing strategies are just beginning. While it's early, management sees massive opportunity with even tiny penetration and conversion rates, expecting revenue ramp-up by Q4 FY27. “Yes. This is just the beginning of the beginning, but the answer is yes. We're across all 3 of them. And the marketing strategies are just starting to come into place, and we'll have a lot more clarity on that in the next 60 to 90 days.”

Is the B2B deal with a major retailer a new announcement, or a previously discussed one?

It's a new 4-year contract with one of the biggest retailers, but the name cannot be disclosed yet, similar to previous partnerships. Management expects it to be a massive partnership and anticipates being able to discuss it in detail shortly. “No. I mean we -- all I said is that it was a 4-year contract, right? We can't give names, as you know. And no different than we originally had our Paramount deal. We couldn't talk about the name for almost -- we didn't talk about it for almost 2 years, and now it's well over $27 million in revenues, right? This could be a massive, massive partnership.”

What is LiveOne doing with Netflix, and will subscribers see music or just podcasts?

Netflix subscribers will initially see only podcast content. Management believes all streaming networks will eventually add audio platforms, either through distribution deals or acquisitions, to increase ARPU. This partnership is seen as a strategic move for Netflix into audio. “No. You're just going to see podcast to start, right? But this is my humble opinion. I did a podcast on this. I think it was 3 months ago, and maybe for once I'll be right, right? I came out and said very clearly that I fully expect that every streaming network will move into audio, right?”

LVO

LiveOne (LVO) Q1 FY27 earnings call: guidance and Q&A

Earnings call· Jun 2026 (Q1 FY27)· Communication Services· Aug 12, 2026

Source: earnings call transcript

Executive summary

LiveOne Q1 FY27 — Record Adjusted EBITDA and Strong Balance Sheet Improvement

LiveOne delivered a strong quarter with record adjusted EBITDA and significant balance sheet improvements, driven by its Audio and PodcastOne segments. The company is focused on leveraging its B2B pipeline and major partnerships, including Netflix and large retailers, to drive future revenue growth and shareholder value, while also exploring AI monetization opportunities for its extensive content library. Management expressed confidence in achieving substantial revenue milestones in the near future.

Highlights

Achieved record adjusted EBITDA of $6.3 million for the Audio division, contributing to consolidated adjusted EBITDA of $4.3 million.
Increased cash position by $3.3 million and stockholders' equity by $7 million.
Eliminated $5 million of liabilities during the quarter.
PodcastOne reported record revenue of $16.1 million and $1.6 million adjusted EBITDA.
Completed $7 million of the $12 million stock repurchase program.

Concerns

Consolidated net loss of $3.1 million or negative $0.23 per basic and diluted share.
Gross margin for non-PodcastOne business had one-time pickups in Q1, making sustainability at current levels uncertain without continued stock-for-service deals.

Guidance & targets

Category	Target	Timeline	Confidence
Revenue	over $250 million high materiality	next 3 years · FY30	High
Revenue	over $100 million high materiality	very near future	High
AI Content Monetization	start to monetize medium materiality	Q2 FY27	High
B2B Partnership Ramp-up	ramp up medium materiality	Q4 FY27	Medium

Segment performance

Segment	Revenue	YoY	QoQ	Margin
Consolidated Consolidated revenue for the three months ended June 30, 2026, with positive adjusted EBITDA.	$19.4 million	—	—	$4.3 million adjusted EBITDA
Audio division Audio division revenue and record adjusted EBITDA for the quarter.	$18.6 million	—	—	$6.3 million adjusted EBITDA
PodcastOne PodcastOne reported record revenue and adjusted EBITDA for the quarter, on a run rate to do well over $60 million this year.	$16.1 million	—	—	$1.6 million adjusted EBITDA
Slacker business Slacker business revenue and adjusted EBITDA, primarily driven by stock-for-service deals and elimination of certain past liabilities.	$2.5 million	—	—	$4.7 million adjusted EBITDA

Deals & partnerships

Netflix Partnership to provide podcast content to Netflix's global members.

LiveOne has partnered with Netflix to provide podcast content to its 700 million global members. This is seen as Netflix's entry into podcasting.

Major Retailer (unnamed) 4-year agreement with one of the biggest retailers in the world. 4 years

LiveOne has signed a 4-year agreement with a major global retailer. The name is currently undisclosed.

Second Retailer (unnamed) Close to signing an agreement with a second retailer.

LiveOne is very close to finalizing an agreement with a second major retailer.

Amazon Existing partnership showing meaningful expansion. over $20 million

The partnership with Amazon, which started as a test, has grown to represent over $20 million in revenues.

Paramount Existing partnership showing meaningful expansion. over $27 million

The partnership with Paramount has grown significantly, now on its way to over $27 million in revenues.

AT&T Partnership for offering LiveOne content to automotive manufacturers.

AT&T is already offering LiveOne's content to automotive manufacturers. A substantial update is expected in the next 30 to 45 days.

Samsung, LG, VIZIO Integration of LiveOne content across smart TV platforms.

LiveOne content is integrated across all three smart TV platforms. Marketing strategies are just starting to come into place.

Major Streaming Partner (unnamed) Sale of podcast Varnamtown IP.

LiveOne has officially sold its podcast Varnamtown to a major streaming partner, with hopes for a green light in the near future.

Risks & headwinds

Valuation disconnect current

LiveOne trading at 65% of revenues vs. industry average of 3.7x revenues

Mitigation:Execute, grow revenues, expand EBITDA, generate cash, strengthen balance sheet, aggressive stock buybacks.

Sustainability of improved gross margin near-term

Non-PodcastOne gross margin at 63% in Q1 FY27, includes $1.5 million one-time liability elimination and stock-for-service deals.

Mitigation:Continue to drive stock-for-service deals; otherwise, margin expected to return to normal.

Historical payables from Slacker acquisition historical, now largely resolved

Massive payables from the acquisition of Slacker in the beginning.

Mitigation:Balance sheet cleaned up, most music partners signed, enabling global expansion.

Stock price performance current

Stock is currently low, couldn't break $7 last quarter.

Mitigation:Aggressive stock buybacks, continued focus on balance sheet and partnerships.

What to watch in Q2 FY27

AT&T Automotive Integration Update

next 30 to 45 days

Current Content is being offered to automotive manufacturers.

Target Substantial update on partnership details and names.

Why it matters

This partnership represents a significant B2B growth opportunity in the automotive sector, historically a strong revenue driver for the company.

We'll have a, hopefully, a very substantial update on that in the next 30 to 45 days and are really excited about that partnership.

Find out whether LVO delivers this. Inve re-checks your case every morning.

Q&A highlights

When will AT&T offer LiveOne content to automotive manufacturers, and are any already doing so?

AT&T is already offering LiveOne content to automotive manufacturers, and a substantial update is expected in the next 30 to 45 days. Historically, the company has generated significant revenue through carriers like AT&T.

“Yes. So we're under [indiscernible] on that, so we can't give names at this point. But the answer is yes and now. We'll have a, hopefully, a very substantial update on that in the next 30 to 45 days and are really excited about that partnership.”

asked by Brian Kinstlinger · answered by Robert Ellin

2 min read 7 chapters

Detailed narrative

Strong Q1 Performance and Balance Sheet Improvement

LiveOne reported one of its strongest quarters, delivering $19.3 million in consolidated revenues and a record $6.3 million in adjusted EBITDA for the Audio division. The company significantly strengthened its financial position by increasing cash by $3.3 million, boosting stockholders' equity by $7 million, and eliminating $5 million in liabilities. This performance underscores a focus on profitable growth and balance sheet health.

Expanding B2B Pipeline and Strategic Partnerships

The company's B2B pipeline is at an all-time high, with partnerships and opportunities spanning companies valued over $10 trillion. Key developments include a 4-year agreement with a major retailer, being close to signing a second, and a new partnership with Netflix to provide podcast content to its 700 million global members. Existing partnerships with Amazon and Paramount are also expanding significantly, demonstrating accelerating global distribution.

PodcastOne's Critical Role and Industry M&A Outlook

PodcastOne continues to be a critical part of LiveOne's strategy, reporting record revenue of $16.1 million and $1.6 million in adjusted EBITDA. Management believes audio and video belong together, anticipating a transformative industry shift where streaming networks will integrate audio platforms, potentially through acquisitions. The company has also sold its podcast Varnamtown to a major streaming partner, highlighting the value of its IP.

AI Monetization Strategy for Extensive Content Library

LiveOne is actively pursuing AI monetization opportunities for its vast content library, which includes over 250,000 hours of video and 500,000 hours of audio. Discussions are underway with 17 AI businesses, with content licensing expected to fetch $100-$500 per hour on a non-exclusive basis for practice models. This represents a significant new revenue stream, with monetization anticipated to begin next quarter.

Shareholder Value Creation and M&A Strategy

The company is committed to creating shareholder value, having completed $7 million of its $12 million stock repurchase program and planning aggressive buybacks. LiveOne is evaluating over $400 million in potential M&A deals, seeking accretive acquisitions similar to its successful PodcastOne integration. The company also receives inbound interest for its subsidiaries or the entire company, providing strategic optionality.

Global Expansion and Music Licensing Prospects

With its balance sheet strengthened and music partner relationships cleaned up, LiveOne is now in a position to explore global expansion for its music business. The company is ready to negotiate global licenses once it secures a global partner that requires such services. Podcasting's global growth also presents a significant opportunity for international expansion.

Long-Term Revenue Vision and Execution Focus

Management articulated a vision for over $250 million in revenues within the next three years, emphasizing that this growth will occur with a dramatically leaner cost structure. The company has reduced its staff from 350 to around 80, aiming for a more profitable and scalable business. The focus remains on execution, delivering for partners, and signing more partnerships to leverage their massive distribution.

Summary of the company's earnings call; see how call summaries are prepared. Not investment advice.