LVO Reports Preliminary FY25 Results, Growth in Users and Efficiency

Core Insights - LiveOne, Inc. (LVO) reported preliminary financial results for the fiscal year ending March 31, 2025, with Audio Division revenues exceeding $108 million and adjusted EBITDA surpassing $16 million [1] - The performance aligns with LVO's guidance, reinforcing its competitive position in the digital audio and entertainment sector [2] Financial Performance - For fiscal 2025, LVO reported revenues of over $112 million, consistent with its earlier guidance of $112 million to $120 million [3] - The total user base, including subscribers and ad-supported users, reached 1.45 million, indicating strong audience engagement [3] Debt Management - The company extinguished over $7 million in liabilities, including a full repayment of a $4.1 million credit line [4] - LVO successfully reclassified $5 million in payables as long-term liabilities [4] Cost Management and Investments - LiveOne achieved $40 million in annualized cost reductions since December 2024, enhancing operational efficiency [5] - The company acquired 1.47 million shares of PodcastOne at an average price of $2.22 per share, including 550,000 shares purchased in Q4 of fiscal 2025 [5] Business Development - LVO achieved over 50% car conversion rates in integrations and closed more than five major B2B deals, contributing $44 million in new revenues [6] - The company is focusing on expanding B2B deals and has established significant new agreements with potential partnerships in the pipeline [6] Market Position - LVO currently holds a Zacks Rank 3 (Hold) and has seen its shares decline by 15% over the past six months, contrasting with the 11.4% growth of the Zacks Audio Video Production industry [7]