LiveOne Fires Up Engine for Explosive Growth, Revenues Soar to $19.3 Million
LiveOne, a leading global music streaming company, has just announced its strongest quarter in history, delivering revenues of $19.3 million and adjusted EBITDA of $6.3 million. The impressive financial results were revealed during the company's fiscal year 2027 first-quarter ended June 30, 2026 conference call.
According to Rob Ellin, CEO and Chairman of LiveOne, this was one of the most important and strongest quarters in the history of the company. "We delivered record revenues and adjusted EBITDA, while also increasing our cash position by $3.3 million, stockholders' equity by $7 million, and eliminating $5 million of liabilities for the quarter," said Ellin.
The company's podcast business also delivered a standout performance, generating record revenues of over $16.2 million and adjusted EBITDA of $1.6 million. Furthermore, LiveOne has completed $7 million of its $12 million stock repurchase program and is prepared to continue buying back shares at these low prices.
A key highlight of the quarter was the company's acquisition of 150,000 shares of PodcastOne and the payoff of all junior debt at PodcastOne. This strategic move not only strengthened LiveOne's balance sheet but also provided a significant boost to its podcast business.
LiveOne's focus on growth, profitability, and shareholder value has yielded impressive results. The company now has a clear path to scale up to $250 million in revenues over the next three years. Importantly, this growth is happening against a dramatically leaner cost structure, with staff levels reduced from 350 people at its peak to around 80.
The company's B2B pipeline is stronger than ever, with partnerships and opportunities valued at over $10 trillion across the world. LiveOne has signed major retail agreements with top-tier retailers and partnered with global giants like Netflix, Apple, Amazon, Alphabet, AT&T, Samsung, LG, Vizio, and more.
This growth momentum has led to a significant increase in revenue from existing partners, including Amazon, which now represents over $20 million, and Paramount, which has passed $27 million in revenues. These partnerships demonstrate the accelerating opportunity across LiveOne's major global distribution partners.
With its M&A pipeline stronger than ever, with potential deals valued at over $400 million, LiveOne is well-positioned for future growth and profitability. The company continues to receive substantial inbound interest from strategic and financial buyers looking to acquire individual subsidiaries, assets, or potentially the entire company.
