Strong Revenue and EBITDA Performance
LiveOne reported revenues of $112 million, with $108 million coming from the audio business. The company also achieved an EBITDA of $18 million, which was $6 million above the previously guided figure.
Podcast Business Growth
The podcast segment generated $52 million in revenue, up from $38 million the previous year. It achieved an EBITDA of over $900,000, and the guidance was raised to $55-60 million with $3.5-5 million EBITDA.
Significant Partnerships and B2B Deals
LiveOne has launched partnerships with Amazon valued at $16.5 million and a Fortune 50 company for over $25 million. The company has 75 additional B2B deals in the pipeline and expects to launch the largest B2B partnership in its history.
AI and Web3 Initiatives
The company is focusing efforts on AI to cut costs and improve marketing efficiency. It also launched a podcast network focused on Web3 and crypto, indicating a strategic move into these emerging areas.