Executive Summary
LiveOne, Inc. reported a difficult start to QQ1 2026 with revenue of $19.21 million and a gross margin of 11.65%, reflecting continued monetization headwinds in a highly competitive digital entertainment environment. The quarter produced a net loss of $3.59 million and an EBITDA negative position of $2.89 million, with operating income of −$4.03 million and an operating margin of −21.0%. The combination of top-line softness and continued fixed-cost investments led to meaningful profitability deterioration versus the prior-year period (YoY revenue down 37.8%, gross profit down 63.4%, net income down 83.9%). However, there was a QoQ improvement in operating income of about 21.1% (though still negative). The company held $11.89 million of cash and cash equivalents and reported net debt of −$11.21 million, signaling reasonable near-term liquidity despite substantial accumulated deficits (retained earnings of −$269.14 million) and negative stockholders’ equity (−$20.84 million).
Management commentary is not included in the provided dataset, limiting explicit quotes or forward-looking targets. Absent quantified guidance, the narrative centers on ongoing monetization initiatives (advertising, subscriptions, content licensing) and cost discipline as catalysts for future margin stabilization. Investors should monitor liquidity development, path to sustained profitability, and the effectiveness of monetization strategies across LiveXLive, PodcastOne, and related platforms.
Key Performance Indicators
QoQ: -34.77% | YoY:-37.84%
QoQ: -68.73% | YoY:-63.44%
QoQ: 21.10% | YoY:-247.46%
QoQ: 31.34% | YoY:-83.88%
QoQ: 37.12% | YoY:-67.87%
Key Insights
Revenue: $19.21 million (-YoY -37.84%, -QoQ -34.77%).
Gross Profit: $2.24 million (gross margin 11.65%; YoY -63.44%, QoQ -68.73%).
Operating Income: −$4.03 million (margin −21.00%; YoY −247.46%, QoQ +21.10%).
EBITDA: −$2.89 million (EBITDA margin −15.04%).
Net Income: −$3.59 million (net margin −18.71%; YoY −83.88%, QoQ +31.34%).
EPS (Diluted): −$0.0371. Weighted avg shares: 96.74 million.
Balance Sheet highlights: Cash and equivalents $11.89 million; Total assets $48.94 milli...
Financial Highlights
Revenue: $19.21 million (-YoY -37.84%, -QoQ -34.77%).
Gross Profit: $2.24 million (gross margin 11.65%; YoY -63.44%, QoQ -68.73%).
Operating Income: −$4.03 million (margin −21.00%; YoY −247.46%, QoQ +21.10%).
EBITDA: −$2.89 million (EBITDA margin −15.04%).
Net Income: −$3.59 million (net margin −18.71%; YoY −83.88%, QoQ +31.34%).
EPS (Diluted): −$0.0371. Weighted avg shares: 96.74 million.
Balance Sheet highlights: Cash and equivalents $11.89 million; Total assets $48.94 million; Total liabilities $61.03 million; stockholders’ equity −$20.84 million; Goodwill $21.71 million; Intangibles $2.42 million; Retained earnings −$269.14 million.
Liquidity: Net cash position of approximately $−11.21 million in the quarter (net debt = −$11.21 million).
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
19.21M |
-37.84% |
-34.77% |
| Gross Profit |
2.24M |
-63.44% |
-68.73% |
| Operating Income |
-4.03M |
-247.46% |
21.10% |
| Net Income |
-3.59M |
-83.88% |
31.34% |
| EPS |
-0.04 |
-67.87% |
37.12% |
Management Commentary
Transcript data not provided in the dataset. No management call quotes or themes are available from the earnings call in the supplied information.
Forward Guidance
No explicit forward guidance was included in the provided data. Given the revenue decline and near-term losses, a cautious outlook would emphasize progress on monetization (advertising revenue growth, subscriber monetization, licensing deals) and ongoing cost discipline. Investors should look for any updated guidance on revenue trajectory, gross margin improvements, and cash burn rate in subsequent filings or management presentations. Key factors to monitor include: trajectory of ad-supported versus premium monetization, subscriber growth versus churn, content licensing costs, platform monetization efficiency, and the company’s ability to generate free cash flow or near-term positive EBITDA.