Record Revenue and EBITDA Performance
LiveOne delivered over $112 million in revenues and $18 million of EBITDA, surpassing guidance by $6 million.
Strong Podcast Business Growth
The podcast segment generated over $52 million, up from $38 million the previous year, and the company has maintained a top 10 global podcaster status for six consecutive months.
B2B Partnerships Expansion
LiveOne launched partnerships with Amazon worth $16.5 million and a Fortune 50 company worth over $25 million, with 75 additional B2B deals in the pipeline.
Successful Financial Restructuring
The company replaced a $7.5 million credit line with a $27.5 million facility and eliminated over $10 million in short-term liabilities.
AI and Web3 Initiatives
LiveOne is focusing on AI to reduce costs and increase ad fill rates, and has launched a podcast network focused on Web3 and crypto.