LiveOne delivered a solid QQ2 2025 top-line result with quarterly revenue of $32.6 million and a six-month revenue run-rate of $65.7 million, marking a 14% year-over-year quarterly increase and a 17% year-over-year six-month growth. The company reported a GAAP net loss of approximately $1.86 million in the quarter, but adjusted EBITDA remained positive, underscoring meaningful operating leverage once licensing and platform costs are appropriately accounted for. A key driver of the narrative is LiveOne’s expansion beyond core audio streaming into a multi-vertical growth engine spanning automotive, consumer hardware and software ecosystems, retail, hospitality, airlines/travel, loyalty programs, and financial services.
Management highlighted a transformative Tesla partnership that provides near-term branding and cross-sell opportunities (LiveOne branding on Tesla dashboards and continued monthly fees for existing cars), coupled with a broader auto OEM cadence under discussion with eight major automakers. The PodcastOne and Slacker businesses continue to deliver scale, with a run-rate trajectory toward $100 million within ~24 months, supported by a robust podcast pipeline (roughly 100 titles in development, 49 added in the last year) and licensing-driven publishing upside that management characterizes as an expanding cash flow contributor. Cash flow from operations was strong at $5.77 million in the quarter, and LiveOne ended the period with about $11.1 million of cash and a net cash position of approximately $2.93 million after debt netting. The balance sheet remains capital-light but exhibits negative shareholders’ equity driven by accumulated losses over time, alongside sizeable goodwill/intangible assets tied to acquisitions. The company reiterates an aggressive buyback stance and remains focused on converting Tesla and other B2B opportunities into tangible revenue streams in the near term.