LiveOne (LVO)
NASDAQ:LVO
Top Page
LiveOne
(NASDAQ:LVO)
Select Model
Select Model
Rating:52Neutral
Price Target:
$5.50
▲(7.21% Upside)
Action:ReiteratedDate: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 margin improvement
Management cut OpEx >52% YoY and reduced headcount ~75%, producing positive adjusted EBITDA. These permanent cost-base reductions and AI-driven efficiencies lower the operating breakeven, improving margin sustainability and making future scale more profitable if revenue stabilizes.
Negative Factors
Declining revenue and persistent GAAP losses
TTM revenue decline and ongoing GAAP net losses indicate scale has not been re‑established. Shrinking top line impairs fixed cost absorption and prolongs dependence on non‑operating relief, making sustained profitability contingent on renewing revenue growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Structural margin improvement
Management cut OpEx >52% YoY and reduced headcount ~75%, producing positive adjusted EBITDA. These permanent cost-base reductions and AI-driven efficiencies lower the operating breakeven, improving margin sustainability and making future scale more profitable if revenue stabilizes.
Read all positive factors
LiveOne (LVO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$59.76M
Dividend YieldN/A
Average Volume (3M)79.71K
Price to Earnings (P/E)―
Beta (1Y)2.07
Revenue Growth-32.17%
EPS Growth-135.06%
CountryUS
Employees140
SectorCommunication Services
Sector Strength97
IndustryEntertainment
Share Statistics
EPS (TTM)-0.37
Shares Outstanding11,648,566
10 Day Avg. Volume77,706
30 Day Avg. Volume79,710
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)-3.74
Price to Sales (P/S)0.58
P/FCF Ratio20.47
Enterprise Value/Market Cap1.11
Enterprise Value/Revenue0.86
Enterprise Value/Gross Profit4.62
Enterprise Value/Ebitda-3.96
Forecast
1Y Price Target
$14.50Price Target Upside182.65% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-1.55
Revenue Forecast (FY)$78.23M
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 p...
How the Company Makes Money
LiveOne generates revenue primarily through (1) subscription fees from paid listeners on its owned-and-operated audio/music services, and (2) advertising and sponsorship sales associated with free/ad-supported listening and digital content (includ...
LiveOne Earnings Call Summary
Earnings Call Date:Feb 12, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jun 30, 2026
Earnings Call Sentiment Positive
The call communicated a clear operational inflection: meaningful cost reductions (>52% YoY OpEx reduction) and headcount rationalization have enabled positive adjusted EBITDA and a stronger balance sheet (>$2.5M of debt paid, $125M+ NOLs). Growth drivers highlighted include a record PodcastOne performance, a rapidly expanding B2B pipeline (up >30%), several large enterprise partnerships (some already grown materially), and monetization levers (ARPU +30% from programmatic ads, 60% Tesla re‑sign conversion). Primary risks discussed were a continuing GAAP net loss ($4.1M in Q3), a near‑term revenue ramp/timing uncertainty for large B2B contracts, one subsidiary (Slacker) still slightly unprofitable, and execution risk from aggressive restructuring and reliance on AI. Overall, the positives — visible margin improvement, concrete partner traction, conservative but constructive guidance ($85M–$95M revenue; $8M–$10M adjusted EBITDA), and a sizeable tax asset — outweigh the present lowlights, though near‑term execution and timing remain important to monitor.Positive Updates
Revenue and Segment Performance
Consolidated revenue of $20.3M in Q3 and over $58M for the trailing 9 months; Audio Division produced $18.6M in Q3 and $52.2M for the 9 months. PodcastOne posted record Q3 revenue of $15.9M with adjusted EBITDA of $2.8M. Consolidated adjusted EBITDA was positive $1.6M for the quarter.
Negative Updates
GAAP Net Loss Persists
LiveOne reported a consolidated U.S. GAAP net loss of $4.1M, or $0.37 per diluted share, in Q3 fiscal 2026 despite positive adjusted EBITDA.
Read all updates
Q3-2026 Updates
Positive
Negative
Revenue and Segment Performance
Consolidated revenue of $20.3M in Q3 and over $58M for the trailing 9 months; Audio Division produced $18.6M in Q3 and $52.2M for the 9 months. PodcastOne posted record Q3 revenue of $15.9M with adjusted EBITDA of $2.8M. Consolidated adjusted EBITDA was positive $1.6M for the quarter.
Read all positive updates
Company Guidance
Management provided preliminary fiscal guidance calling for $85–$95 million of revenue and $8–$10 million of adjusted EBITDA (characterized as a conservative baseline that likely only includes “nickels and dimes” of initial B2B test revenue), while noting recent momentum: 9‑month revenues exceeded $58M, Q3 consolidated revenue was $20.3M (Q3 GAAP net loss $4.1M, $0.37/diluted share), the Audio division posted $52.2M in 9‑month revenue and >$3.7M adjusted EBITDA (Q3 audio $18.6M revenue, $2.6M EBITDA), PodcastOne Q3 revenue $15.9M / adj EBITDA $2.8M and Slacker Q3 revenue $2.8M / adj EBITDA -$0.1M. Management highlighted structural improvements (OpEx down >52% YoY; headcount reduced from 350 to 88; >$2.5M of debt paid off), >$125M of NOL carryforwards, ~$6M remaining on the share‑repurchase authorization, a B2B pipeline up >30% in 120 days with >100 enterprise opportunities and three Fortune‑500 launches (two partners >50M monthly paying subs), and reiterated plans to drive conversions of >1M free/ad‑supported users and ramp revenues into FY27.LiveOne Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
24
Negative
Cash Flow
28
Negative
| 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
Negative
5.13
Price Trends
4.92
Positive
4.81
Positive
5.48
Negative
Market Momentum
0.09
Positive
48.71
Neutral
38.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LVO, the sentiment is Negative. The current price of 5.13 is below the 20-day moving average (MA) of 5.28, above the 50-day MA of 4.92, and below the 200-day MA of 5.48, indicating a neutral trend. The MACD of 0.09 indicates Positive momentum. The RSI at 48.71 is Neutral, neither overbought nor oversold. The STOCH value of 38.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LVO.
LiveOne Risk Analysis
LiveOne disclosed 146 risk factors in its most recent earnings report. LiveOne reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
LiveOne Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
52 Neutral | $59.76M | -3.34 | 128.06% | ― | -32.17% | -135.06% | |
51 Neutral | $32.79M | -1.35 | -87.34% | ― | 22.84% | 46.18% | |
44 Neutral | $40.41M | -2.01 | 216.23% | ― | 7.11% | 69.85% | |
42 Neutral | $11.07M | -1.64 | -35.18% | ― | -14.24% | -104.12% | |
41 Neutral | $31.74M | -0.32 | -270.84% | ― | 88.72% | -85.54% |
* Communication Services Sector Average
LVO
LiveOne
5.13
-2.99
-36.84%
TOON
Kartoon Studios
0.61
-0.02
-3.65%
AGAE
Allied Gaming & Entertainment
0.29
-0.79
-72.87%
RDI
Reading International
1.17
-0.18
-13.33%
ANGH
Anghami Inc.
3.50
-3.60
-50.69%
LiveOne Corporate Events
Business Operations and StrategyPrivate Placements and Financing
LiveOne Issues Shares to Settle Music Royalty Obligations
Positive
Mar 9, 2026
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 ...
Business Operations and StrategyStock BuybackFinancial Disclosures
LiveOne Reports Q3 2026 Results, Highlights Profitability Gains
Positive
Feb 12, 2026
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...
Business Operations and StrategyFinancial Disclosures
LiveOne Announces Strong Preliminary Q3 Results and Cost Cuts
Positive
Feb 5, 2026
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 fi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.