LiveOne (Nasdaq: LVO) Reports Record 9-Month Revenues of $95.1M

Core Insights - LiveOne reported a revenue of $29.4 million for Q3 Fiscal 2025, a 6% decrease from $31.2 million in Q3 Fiscal 2024 [3][4] - The company is exploring strategic alternatives to enhance shareholder value, which may include acquisitions or mergers [2] - LiveOne's operating loss for Q3 Fiscal 2025 was $5.1 million, compared to a loss of $0.8 million in the same quarter last year [5] Financial Performance - Revenue for the nine months ended December 31, 2024, was $95.1 million, up from $87.5 million in the same period in 2023 [3][25] - Adjusted EBITDA for Q3 Fiscal 2025 was $1.5 million, down from $3.3 million in Q3 Fiscal 2024 [6][29] - The Audio Division generated revenue of $27.1 million in Q3 Fiscal 2025, a slight decrease of 1% from $27.3 million in Q3 Fiscal 2024 [4][8] Operational Highlights - LiveOne's Audio Division recorded a total revenue of $90.6 million for the year, representing a 13% year-over-year increase [8] - The company closed five B2B deals and expects to finalize more by year-end, with over 70 deals in the pipeline [8] - As of December 31, 2024, LiveOne had $10.9 million in cash and reaffirmed a $12 million stock buyback program, with $6.2 million remaining [8] User Growth and Engagement - The total number of paid and monthly active ad-supported users exceeded 800,000 in January 2025, with direct-billed premium subscribers increasing by 78% since October 2024 [9] - LiveOne's partnership with Tesla has significantly contributed to user growth, with over 100,000 new subscribers added following a presentation at Mar-a-Lago [9] Future Guidance - LiveOne updated its fiscal year 2025 guidance to a consolidated revenue range of $112 million to $120 million and Adjusted EBITDA of $6 million to $10 million [10]