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LiveOne(LVO) - 2025 Q3 - Quarterly Results
LVOLiveOne(LVO)2025-02-13 22:15

Revenue Performance - LiveOne reported record revenues of 95.1millionfortheninemonthsendedDecember31,2024,comparedto95.1 million for the nine months ended December 31, 2024, compared to 87.5 million for the same period in the prior year, representing an increase of 8.5%[1][5] - The Audio Division achieved record revenue of 90.6million,a1390.6 million, a 13% year-over-year increase, with Q3 Fiscal 2025 revenue at 27.1 million, down 1% from 27.3millioninQ3Fiscal2024[3][6]−RevenueforthethreemonthsendedDecember31,2024,was27.3 million in Q3 Fiscal 2024[3][6] - Revenue for the three months ended December 31, 2024, was 29,445 million, a decrease of 5.7% compared to 31,245millionforthesameperiodin2023[28]OperatingLossandExpenses−LiveOne′sQ3Fiscal2025operatinglosswas31,245 million for the same period in 2023[28] Operating Loss and Expenses - LiveOne's Q3 Fiscal 2025 operating loss was 5.1 million, compared to a loss of 0.8millioninQ3Fiscal2024,primarilyduetodecreasedrevenuefromtheAudioDivision[7]−TotaloperatingexpensesforthethreemonthsendedDecember31,2024,were0.8 million in Q3 Fiscal 2024, primarily due to decreased revenue from the Audio Division[7] - Total operating expenses for the three months ended December 31, 2024, were 34,558 million, an increase of 7.9% from 31,998millioninthesameperiodin2023[28]NetLossandFinancialPosition−NetlossforthethreemonthsendedDecember31,2024,was31,998 million in the same period in 2023[28] Net Loss and Financial Position - Net loss for the three months ended December 31, 2024, was 5,638 million, compared to a net loss of 2,224millionforthesameperiodin2023,representinganincreaseinlossof153.52,224 million for the same period in 2023, representing an increase in loss of 153.5%[28] - Net loss attributable to LiveOne for the three months ended December 31, 2024, was 5,233 million, compared to a net loss of 1,574millionforthesameperiodin2023[28]−Thecompanyreportedanetlosspershareof1,574 million for the same period in 2023[28] - The company reported a net loss per share of 0.06 for the three months ended December 31, 2024, compared to a net loss per share of 0.03forthesameperiodin2023[28]CashPositionandAssets−LiveOne′scashpositionwas0.03 for the same period in 2023[28] Cash Position and Assets - LiveOne's cash position was 10.9 million as of December 31, 2024, with 11millionincostsavingsachievedthroughrestructuringefforts[3]−CashandcashequivalentsasofDecember31,2024,were11 million in cost savings achieved through restructuring efforts[3] - Cash and cash equivalents as of December 31, 2024, were 10,854 million, an increase from 6,987millionasofMarch31,2024[30]−Totalassetsdecreasedto6,987 million as of March 31, 2024[30] - Total assets decreased to 56,216 million as of December 31, 2024, from 63,863millionasofMarch31,2024[30]−Totalliabilitiesdecreasedto63,863 million as of March 31, 2024[30] - Total liabilities decreased to 55,087 million as of December 31, 2024, from 57,306millionasofMarch31,2024[30]SubscriberGrowthandBusinessDevelopment−Thecompanyhas800,000Teslasubscribers,includingover475,000ad−supportedusers,witha13057,306 million as of March 31, 2024[30] Subscriber Growth and Business Development - The company has 800,000 Tesla subscribers, including over 475,000 ad-supported users, with a 130% increase in overall direct-billed subscribers since October 2024[12] - LiveOne closed 5 B2B deals in the quarter and expects to close 2 or more by year-end, with over 70 deals in the pipeline[3] Guidance and Future Outlook - LiveOne updated its fiscal year 2025 guidance to consolidated revenue of 112 million to 120millionandAdjustedEBITDAof120 million and Adjusted EBITDA of 6 million to 10million[10]PodcastPerformance−PodcastOnerankedintheTop10inPODTRAC′sPodcastIndustryTopPublishersRankingsforJanuary2025,withaU.S.uniquemonthlyaudienceofapproximately5.2million[4]AdjustedEBITDA−AdjustedEBITDAforQ3Fiscal2025was10 million[10] Podcast Performance - PodcastOne ranked in the Top 10 in PODTRAC's Podcast Industry Top Publishers Rankings for January 2025, with a U.S. unique monthly audience of approximately 5.2 million[4] Adjusted EBITDA - Adjusted EBITDA for Q3 Fiscal 2025 was 1.5 million, down from 3.3millioninQ3Fiscal2024,withAudioDivisionAdjustedEBITDAat3.3 million in Q3 Fiscal 2024, with Audio Division Adjusted EBITDA at 3.6 million[8] Contribution Margin - Contribution margin for the three months ended December 31, 2024, was 7,153million,downfrom7,153 million, down from 7,978 million in the same period in 2023, reflecting a decrease of 10.3%[36] Shareholder Returns - The company reaffirmed its 12millionstockbuybackprogram,with12 million stock buyback program, with 6.2 million remaining[3] Share Count - Weighted average common shares outstanding for the three months ended December 31, 2024, were 95,501,753, compared to 87,882,364 for the same period in 2023[28]