LiveOne Reports Preliminary Revenue of $37.3 Million and 619% Growth in Audio Segment Profit
Key Facts
LiveOne said preliminary revenue was $37.3 million in the first half of fiscal 2027, and adjusted audio segment EBITDA reached $7.8 million, up 619% year over year, according to a company statement published via ACCESS Newswire. The results cover the period ended September 30, 2026, while the fiscal year ends March 31, 2027. The company said audio segment profit rose from $1.1 million in the comparable period of the previous fiscal year. Consolidated adjusted earnings also reached $3.6 million, an improvement of $6.4 million from the prior year. The company presented the figures as preliminary, while its preparation of second-quarter financial statements remains incomplete.
In the second quarter of fiscal 2027, adjusted audio segment profit was $1.5 million, up 113% from $0.7 million a year earlier, according to the statement. But consolidated performance remained in loss, with the company recording an adjusted loss of $0.7 million for the quarter, compared with a loss of $1.0 million in the corresponding period of fiscal 2026. LiveOne said this represented a 30% year-over-year improvement in its consolidated loss. The quarterly figures show a divergence between growth in audio segment profitability and continued losses at the company-wide level. These figures are also based on the preliminary results the company announced before completing its financial reporting for the period.
Among its subsidiaries, PodcastOne posted record revenue of $31.5 million in the first half, alongside record adjusted earnings of $3.0 million, according to LiveOne. These results form part of the company's performance for the period covered by the announcement and accompany the rise in audio segment profit. The statement did not provide available details linking PodcastOne's figure directly to LiveOne's total revenue or specifying its contribution to the year-over-year change in consolidated earnings. The reported figures therefore remain separate indicators for the subsidiary, the segment and the group. The company said its first-half estimates remain preliminary and unaudited.
LiveOne revised its fiscal 2027 outlook to target revenue of between $70 million and $75 million and adjusted earnings of at least $10 million. It said the guidance revision reflects updated launch timing provided by its business-to-business partners. This means the timing of partnership execution is a factor in the company's estimates for the coming period. For fiscal 2028, the company issued its first revenue guidance, at $100 million or more. LiveOne linked this outlook to the anticipated launch of the largest partnership in its history, without giving a specific launch date in the announcement.
On its balance sheet, LiveOne said it had repaid $25 million in debt and other liabilities since February 2026, reducing its senior debt balance to $9 million as of the announcement date. This comes against a financial backdrop of a substantial decline in revenue during the fiscal year ended March 31, 2026: the annual report filed with the U.S. Securities and Exchange Commission showed revenue falling by $45.0 million, or 79%. The report attributed this mainly to lower paid-user revenue after the largest original equipment manufacturer customer amended its agreement with the company. The audited annual report also included a warning of substantial doubt about LiveOne's ability to continue as a going concern, citing recurring losses, negative operating cash flows and limited capital resources. This background provides context for assessing the new guidance alongside the reported improvement in adjusted earnings.
The company said its first-half and second-quarter results are preliminary and unaudited, and that it has not completed preparation of its fiscal 2027 second-quarter financial statements. It noted that adjustments made upon completion of the work could be material. The reported figures therefore remain subject to change before final results are released. The company's stock, LVO, closed at $2.63 in the November 9, 2026 session, according to EL7 data. No reliable data was available to confirm the stock's daily trading range in that session.