LiveOne (LVO) AI Stock Analysis

• Market Cap: $63.60M
• Dividend Yield: N/A
• Average Volume (3M): 81.50K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.10
• Revenue Growth: -32.17%
• EPS Growth: -135.06%
• Country: US
• Employees: 140
• Sector: Communication Services
• Sector Strength: 97
• Industry: Entertainment
• EPS (TTM): -0.37
• Shares Outstanding: 11,648,566
• 10 Day Avg. Volume: 84,221
• 30 Day Avg. Volume: 81,503
• PEG Ratio: -0.13
• Price to Book (P/B): -3.74
• Price to Sales (P/S): 0.58
• P/FCF Ratio: 20.47
• Enterprise Value/Market Cap: 1.10
• Enterprise Value/Revenue: 0.90
• Enterprise Value/Gross Profit: 4.86
• Enterprise Value/Ebitda: -4.17
• 1Y Price Target: $13.50
• Price Target Upside: 147.25% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): -1.55
• Revenue Forecast (FY): $78.23M

• Rating: 52 Neutral
• Price Target: $5.00 ▼(-8.42% Downside)
• Action: Reiterated Date: 03/10/26
• Date: Action: Reiterated 03/10/26

The score is held back primarily by weak financial fundamentals (declining TTM revenue, ongoing losses, negative equity, and negative TTM free cash flow). Offsetting this, earnings-call commentary points to meaningful cost-driven margin improvement and constructive EBITDA guidance, while technicals are neutral with only modest positive momentum. Valuation support is limited due to a negative P/E and no dividend yield.

Positive Factors

Structural Cost Reductions

A sustained >52% OpEx reduction and headcount cut (from ~350 to 88) materially lowers the company’s fixed cost base. This structural cost profile increases operating leverage, enabled positive adjusted EBITDA, and improves the odds of converting revenue growth into lasting GAAP profitability if revenue stabilizes.

Enterprise/B2B Distribution Growth

A growing enterprise pipeline and multiple large partner launches create durable distribution channels beyond consumer subscriptions. Large OEM and platform partnerships (including multi‑year launches) can deliver recurring, scalable B2B revenue, diversifying monetization and lowering dependence on spot ad or subscription swings.

Tax Shield, Debt Paydown, Segment Profitability

A sizable NOL pool and recent debt repayment improve future cash conversion: tax losses can shield near‑term taxable income, reducing cash taxes as GAAP profits emerge, while debt reduction eases interest burden. Positive adjusted EBITDA in core audio segments supports sustained cash generation.

Negative Factors

Revenue Decline

A persistent TTM revenue decline erodes operating leverage and raises the revenue hurdle to reach sustainable profitability. With margins around -30.5%, the business requires meaningful and sustained top‑line recovery to fund reinvestment and preserve the margin gains from cost cuts.

Negative Equity / Balance Sheet Strain

Negative shareholders’ equity signals accumulated losses and constrains financing flexibility, making equity or debt raises more dilutive or costly. This structural balance‑sheet weakness raises refinancing and counterparty risks and limits strategic optionality like M&A or aggressive capex until restored.

Inconsistent Cash Generation

TTM negative free cash flow despite intermittent positive annual cash flow shows inconsistency in self‑funding capacity. Continued negative FCF while GAAP losses persist increases reliance on external capital or partner timing, making long‑term plans dependent on execution of uncertain B2B ramps.

LiveOne Business Overview & Revenue Model

Company Description

LiveOne, Inc., a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting/vodcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform; PodcastOne, a podcasting platform; and Slacker, an integrated membership and advertising streaming music service, as well as produces original music-related content. The company also produces, edits, curates, and streams live music events through broadband transmission over the Internet and satellite networks to its users; provides digital Internet radio and music services to users online and through automotive and mobile original equipment manufacturers on a white label basis; and offers ancillary products and services, such as regulatory and post-implementation support services. In addition, it develops, manufactures, and distributes personalized merchandise and gifts through wholesale and direct-to-consumer distribution channels. Further, the company offers LiveOne App, an application that provides access to live events, audio streams, original episodic content, podcasts, vodcasts, video on demand, real-time livestreams, and social sharing of content. The company was formerly known as LiveXLive Media, Inc. and changed its name to LiveOne, Inc. in October 2021. LiveOne, Inc. was incorporated in 2009 and is headquartered in Beverly Hills, California.

How the Company Makes Money

LiveOne generates revenue through multiple streams, with a significant portion derived from subscription fees paid by users for access to its premium content and features. The company also earns money through advertising partnerships, allowing brands to promote their products and services to its user base. Additionally, LiveOne benefits from revenue generated via ticket sales for live events and concerts, as well as through merchandise sales associated with these events. Strategic partnerships with artists and labels further enhance its earnings, as they often collaborate on exclusive content and promotional campaigns that attract more subscribers and enhance user engagement.

LiveOne Financial Statement Overview

Summary

Financial profile remains weak: TTM revenue is down ~10.6%, profitability is still meaningfully negative (about -30.5% net margin), and TTM operating/FCF turned negative again. The biggest overhang is negative stockholders’ equity, which elevates balance-sheet risk despite prior improvements versus 2021–2022 and a period of positive FY2025 cash flow.

Income Statement

TTM (Trailing-Twelve-Months) revenue declined about 10.6% and profitability remains weak, with negative operating profit and a roughly -30.5% net margin. While losses are smaller than earlier years (notably 2021–2022), margins have deteriorated versus FY2024–FY2025 annual results, signaling pressure on the core earnings profile despite prior improvement off the lows.

Balance Sheet

The balance sheet is constrained by negative stockholders’ equity in the latest periods (including TTM), which increases financial risk and limits flexibility. Debt levels are not large in absolute terms versus assets, but the negative equity position makes leverage optics unfavorable and indicates the company is still working through accumulated losses.

Cash Flow

Cash generation is inconsistent: FY2025 showed positive operating cash flow and free cash flow, but TTM (Trailing-Twelve-Months) turned negative again on both measures. Free cash flow being negative while net losses persist suggests the business is not yet self-funding on a sustained basis, even though cash flow performance has improved versus the deeper outflows seen in some earlier years.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	77.51M	114.41M	118.44M	99.61M	117.02M	65.23M
Gross Profit	14.40M	27.22M	32.05M	32.83M	24.04M	16.24M
EBITDA	-16.80M	-12.52M	-3.72M	5.36M	-29.98M	-28.09M
Net Income	-23.65M	-18.71M	-11.97M	-10.02M	-43.91M	-41.82M
Balance Sheet
Total Assets	52.26M	40.52M	63.86M	65.89M	76.82M	85.77M
Cash, Cash Equivalents and Short-Term Investments	8.62M	4.12M	6.99M	8.41M	12.89M	18.64M
Total Debt	15.48M	3.82M	8.55M	12.32M	27.39M	25.20M
Total Liabilities	62.80M	48.93M	57.31M	62.07M	87.74M	77.63M
Stockholders Equity	-18.97M	-17.77M	-3.78M	3.81M	-10.92M	8.14M
Cash Flow
Free Cash Flow	-16.28M	3.25M	2.80M	-6.29M	-12.95M	-12.72M
Operating Cash Flow	-12.79M	6.37M	6.85M	-3.84M	-9.12M	-9.51M
Investing Cash Flow	-8.49M	-3.12M	-4.05M	-2.45M	-3.98M	-791.00K
Financing Cash Flow	19.05M	-6.24M	-4.31M	1.79M	7.49M	16.63M

LiveOne Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.46
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LVO, the sentiment is Positive. The current price of 5.46 is above the 20-day moving average (MA) of 5.26, above the 50-day MA of 4.83, and below the 200-day MA of 5.53, indicating a neutral trend. The MACD of 0.13 indicates Negative momentum. The RSI at 59.35 is Neutral, neither overbought nor oversold. The STOCH value of 62.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LVO.

LiveOne Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
TOON	54 Neutral	$32.40M	-1.35	-87.34%	―	22.84%	46.18%
LVO	52 Neutral	$63.60M	-3.34	128.06%	―	-32.17%	-135.06%
RDI	44 Neutral	$38.06M	-2.01	216.23%	―	7.11%	69.85%
AGAE	42 Neutral	$11.35M	-1.64	-35.18%	―	-14.24%	-104.12%
ANGH	41 Neutral	$25.38M	-0.26	-270.84%	―	88.72%	-85.54%

LiveOne Corporate Events

LiveOne Issues Shares to Settle Music Royalty Obligations

On March 3, 2026, LiveOne, Inc., its subsidiary Slacker, Inc., and Music and Entertainment Rights Licensing Independent Network Limited entered into a share issuance agreement under which LiveOne will issue 500,000 common shares at a deemed price of $7.50 per share to Merlin. The stock will be used to pay outstanding and future music royalty obligations under their Digital Music Services Agreement, whose term was extended through November 30, 2026, with a possible further extension to November 30, 2027.

The arrangement ties Merlin’s monetization of the shares to Slacker’s royalty obligations, including limits on Merlin’s daily share sales and options for Slacker to repurchase any unsold shares or settle remaining fees in cash at contract end. Settlement of the issuance, expected around March 10, 2026, will not generate cash proceeds for LiveOne but helps preserve liquidity while securing continued access to licensed music content and clarifying future payment mechanics for both parties.

The most recent analyst rating on (LVO) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on LiveOne stock, see the LVO Stock Forecast page.

LiveOne Reports Q3 2026 Results, Highlights Profitability Gains

LiveOne reported its financial results for the third quarter and first nine months of fiscal 2026 ended December 31, 2025, highlighting nine-month revenue of $58.2 million and Q3 revenue of $20.3 million, with the Audio division contributing $52.2 million year-to-date and $18.6 million in Q3. The company improved Q3 operating loss to $2.0 million from $5.1 million a year earlier, generated $1.6 million in adjusted EBITDA driven by $2.6 million from the Audio division, cut quarterly operating expenses by 52% through AI-driven efficiencies, expanded its share repurchase activity, advanced major distribution and OEM relationships, and continued to evaluate M&A options, underscoring management’s focus on profitable growth despite revenue pressure from reduced Slacker sales.

LiveOne also disclosed that its Fortune 250 partner revenue reached an annual run rate of more than $27 million, Tesla ad-supported users surpassed 1.3 million, and AI-driven marketing lifted average revenue per user by 60% and premium conversions by over 22%. During fiscal 2026 the company acquired additional PodcastOne shares and maintained positive segment profitability in audio, reinforcing its strategic emphasis on scaling the core audio business while tightening costs and signaling confidence in long-term shareholder value creation.

The most recent analyst rating on (LVO) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on LiveOne stock, see the LVO Stock Forecast page.

LiveOne Announces Strong Preliminary Q3 Results and Cost Cuts

On February 5, 2026, LiveOne reported preliminary, unaudited expectations for its third fiscal quarter and nine months ended December 31, 2025, projecting more than $57.9 million in fiscal 2026 year-to-date revenue, at least $19.9 million in Q3 fiscal 2026 revenue and over $1.0 million in Q3 adjusted EBITDA, representing roughly 200% quarter-over-quarter growth. Management highlighted that B2B partnerships with major platforms such as Amazon, YouTube, Spotify, Apple, Paramount, DAX, TextNow, Telly and AI partners Listener.com and Intuizi are driving growth, with over 100 potential deals in the pipeline, while aggressive cost-cutting measures—including a 52% year-over-year operating expense reduction, a targeted 34% headcount reduction by year-end through AI-driven optimization, and repayment of $2.5 million of debt—underscore a strategic shift toward leaner operations and improved scalability that could strengthen LiveOne’s financial profile and competitive position if the preliminary figures are confirmed.

The most recent analyst rating on (LVO) stock is a Sell with a $4.00 price target. To see the full list of analyst forecasts on LiveOne stock, see the LVO Stock Forecast page.