LiveOne, Inc. (NASDAQ: LVO) reported third‑quarter 2026 revenue of $19.9 million, a 6% year‑over‑year increase and a 6% quarter‑over‑quarter rise. Adjusted EBITDA climbed to $1.0 million, a 200% jump from the $0.33 million reported in the prior quarter, and beat analyst revenue expectations of $19.285 million by $0.615 million (about 3.2%).
The revenue lift was driven primarily by LiveOne’s PodcastOne unit, which posted a 24.7% increase to $15.2 million. Slacker, another key segment, also grew 24.7% to $3.1 million, but its year‑over‑year revenue fell 84.3% to $0.5 million, reflecting a sharp contraction in legacy podcast traffic. The combined effect of PodcastOne’s growth and Slacker’s decline produced the modest overall revenue gain.
Operating expenses fell 52% year‑over‑year, from $22 million to $6 million, a reduction largely attributed to AI‑driven automation and a 34% headcount cut. The company’s management highlighted that the cost‑cutting program, which began with a 25% reduction in December 2023, has now reached the 34% target for the year. The expense reduction has helped lift EBITDA margin to 5.0% from 2.5% in the prior quarter.
LiveOne reiterated its full‑year guidance, projecting revenue of $56–$60 million and adjusted EBITDA of $4.5–$6 million. The guidance remains unchanged from the previous quarter, indicating management’s confidence that the cost‑cutting momentum and new direct‑to‑consumer initiatives will sustain growth through the remainder of the fiscal year.
CEO Robert Ellin said the quarter “demonstrates disciplined execution of our strategy and meaningful progress in streamlining our cost structure.” He added that the company is focused on building a scalable platform and that the recent shift in its partnership with Tesla could convert a large user base into paid subscribers, providing a new growth engine.
On the day of the announcement, LVO’s stock closed down 5.64%. The decline reflects the preliminary nature of the results, the company’s still‑negative earnings per share, and prevailing analyst sentiment that remains cautious.
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