Financial Data and Key Metrics Changes - The company reported consolidated revenue of $20.3 million for Q3 fiscal 2026, with total revenues for the nine months reaching over $58 million [4][13] - Adjusted EBITDA for Q3 was $2.6 million, contributing to a positive consolidated adjusted EBITDA of $1.6 million for the second quarter [13] - The company posted a net loss of $4.1 million or 37 cents per diluted share for Q3 [13] Business Line Data and Key Metrics Changes - The audio division generated $18.6 million in revenue for Q3 and $52.2 million for the nine-month period, with an Adjusted EBITDA of $2.6 million for Q3 [5][13] - PodcastOne subsidiary achieved record revenue of $15.9 million and adjusted EBITDA of $2.8 million [13][14] - Slacker subsidiary reported Q3 revenue of $2.8 million with an adjusted EBITDA of negative $0.1 million [13] Market Data and Key Metrics Changes - The company has over $125 million in net operating loss carryforwards, which represent significant long-term shareholder value and tax efficiencies [5][6] - Industry valuation dynamics are improving, with the company trading at 60% of revenues compared to the industry average of over 3x revenues [6] Company Strategy and Development Direction - The company is focused on expanding partnerships with major players like Amazon, Apple, and Tesla, aiming to launch three significant Fortune 500 partnerships [7][9] - A strategy is in place to convert over 1 million free and ad-supported subscribers into paid tiers, representing potential incremental revenue [7] - The company is also expanding its original IP, having sold its fourth television series to a major streaming platform [8] Management's Comments on Operating Environment and Future Outlook - Management highlighted that the company has emerged leaner and more disciplined after navigating various challenges, positioning itself for the next growth cycle [4][5] - The preliminary fiscal guidance for the upcoming year is set at $85 million to $95 million in revenues and $8 million to $10 million in Adjusted EBITDA [5][40] - Management expressed confidence in the company's undervaluation and the potential for significant growth driven by B2B partnerships and AI initiatives [11][12] Other Important Information - The company has streamlined its workforce from 350 to 88 members, resulting in a reduction of operating expenses by over 52% year-over-year [4] - The company is actively exploring M&A opportunities as the market stabilizes and valuations normalize [7][11] Q&A Session Summary Question: On the B2B business, can you elaborate on customization and options for customers? - Management stated that the company is uniquely positioned in the B2B space, leveraging AI for customization and offering competitive pricing [17][20] Question: What is the competitive landscape for content provision? - Management indicated that while some competition exists, the company's unique service offerings and flexibility provide a competitive advantage [29][31] Question: What is the potential for advertising revenue from Slacker's non-subscription customers? - Management noted that they are actively increasing advertising offerings and expect to convert free subscribers into paid subscriptions over time [24][26] Question: When will the 10-Qs be released? - The CFO confirmed that the 10-Qs for both LiveOne and PodcastOne would be released the following day [47] Question: How sustainable are current cost levels? - The CFO indicated that G&A and sales and marketing costs are expected to decrease further in the upcoming quarters [49][50] Question: What is the timing for revenue from the 30 million subscriber deal? - Management mentioned that revenue from this deal is expected to ramp up in the following year, with some initial revenue potentially coming in this quarter [61][63]

LiveOne (NasdaqCM:LVO) Q3 2026 Earnings call February 12, 2026 10:00 AM ET Company ParticipantsBrian Kinstlinger - Managing Director and Head of Technology ResearchRob Ellin - CEO and ChairmanRyan Carhart - CFOConference Call ParticipantsBarry Sine - Senior Equity AnalystSean McGowan - Managing Director and Senior Research AnalystRyan CarhartThank you. Good morning, and welcome to LiveOne's Business Update and Financial Results conference call for the company's fiscal third quarter ended December 31, 2025. ...

Core Viewpoint - Institutional owners of Warner Bros. shares may consider selling their stakes as Paramount increases its competitive strategies in the market [1] Group 1: Company Analysis - Warner Bros. is facing potential challenges as institutional investors may be prompted to divest due to heightened competition from Paramount [1] - Paramount's strategic moves are perceived as aggressive, which could impact Warner Bros.' market position and investor confidence [1] Group 2: Industry Context - The competitive landscape in the entertainment industry is intensifying, with Paramount taking significant steps to enhance its market presence [1] - Institutional investors are closely monitoring these developments, indicating a shift in sentiment towards Warner Bros. amidst growing competition [1]

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify.Getty Images Good morning! Here's the latest in trending: Economic signals: After sluggish retail sales signaled consumer fatigue, the spotlight turns to the nonfarm payrolls report due this morning.New twist: Paramount (PSKY) sweetened its bid for Warner Bros. Discovery (WBD), while this activist investor is set to oppose Netflix's (NFLX) deal.EV reset: Ford (F) posted its biggest qu ...

World shares were mixed in cautious trading on Wednesday ahead of an update on US employment that is expected to highlight a sluggish jobs market. Prices of gold, silver and oil advanced. Bitcoin was lower.Germany's DAX lost 0.5 per cent to 24,872.61, and the CAC 40 in Paris also shed 0.5 per cent, to 8,281.72. Britain's FTSE 100 edged 0.2 per cent higher. The future for the S&P 500 was up less than 0.1 per cent, while that for the Dow Jones Industrial Average gained 0.2 per cent. Markets in Japan were clos ...

Group 1 - Ancora believes Warner failed to adequately engage with Paramount's hostile tender offer [1]

美股标普500和纳斯达克指数周二收跌，道指则小幅上扬，连续第三个交易日创下收盘新高。美国公债收益率下跌，此前一 系列数据暗示经济可能正在放缓，这为美联储降息提供了更多空间。美国经济增长放缓的数据令美元兑主要货币走弱。油价 下跌，市场正等待美国与伊朗外交关系进展、结束俄罗斯在乌克兰战争的努力以及美国经济数据和原油库存数据带来的方向 指引。金价下跌逾1%，市场在美国就业和通胀数据公布前进行盘整，这些数据可能为美联储的利率前景提供更多线索。 美国零售销售意外停滞，市场提高今年降息押注，关注周三发布的非农就业报告。中国1月份CPI升幅料放缓，PPI降幅收 窄。 隔夜要点 | 股市指数 | 收报 | 日变动% | 年初至今变动% | | --- | --- | --- | --- | | 纳斯达克指数 | 23102.47 | (0.59) | -0.60 | | 标普500指数 | 6941.81 | (0.33) | 1.41 | | 道琼斯工业均指 | 50188.14 | 0.10 | 4.42 | | 恒生指数 | 27183.15 | 0.58 | 6.06 | | 上证综指 | 4128.37 | 0.1 ...

Core Viewpoint - Warner Bros. Discovery (WBD) is under pressure to consider Paramount Skydance's revised $78 billion takeover offer, primarily due to regulatory concerns surrounding its existing deal with Netflix, rather than the attractiveness of the offer itself [1][5]. Group 1: Paramount's Offer Details - The new terms of Paramount's offer include covering a $2.8 billion breakup fee to exit the Netflix agreement and a "ticking fee" of 25 cents per share for delays in regulatory approval, paid quarterly after December 31 [2]. - The revised offer does not meet WBD CEO David Zaslav's expectations, lacking a $3 per share increase on top of the $30 per share cash bid and failing to secure a personal guarantee from Larry Ellison for the $50 billion debt associated with the deal [3][5]. Group 2: Regulatory Environment - WBD's decision-making is heavily influenced by increasing antitrust scrutiny on Netflix, which is facing challenges regarding its $73 billion acquisition of WBD's Warner Bros. studio and HBO Max streaming service [5][13]. - The scrutiny includes a bipartisan Senate Judiciary Committee hearing that criticized Netflix's business practices, indicating a potential regulatory backlash against the streaming giant [9]. Group 3: Shareholder Considerations - WBD's shareholders are reportedly inclined to approve the Netflix deal, fearing a drop in stock value if the deal is rejected, as the stock could revert to around $12 [7]. - The proximity of Paramount's $30 per share bid to Netflix's $27.75 offer, combined with the value of an upcoming spinoff of WBD's cable properties, complicates the decision for shareholders [8]. Group 4: Financial Implications - If WBD were to walk away from the Netflix deal, it could result in a $5.8 billion windfall from the breakup fee, but this would also lead to a significantly lower stock price for shareholders [16].

Welcome back to Market on Close. I'm Marley Caden here in Chicago alongside Sambatis at the New York Stock Exchange. Some final thoughts on the session today.We got retail sales figures this morning coming in flat month over month. They fell short of estimates and sent yields lower. Although the markets didn't react too much, spending during the December holiday shopping season slowed significantly to stay in line with November spending.While economists expected an increase of about 4/10en of a percent on a ...

Market Overview - The Dow is experiencing gains, aiming for a third consecutive record close, while the S&P 500 and NASDAQ show mixed performance with slight declines [1][2][8]. - The S&P 500 equal-weighted index and small-cap indices like the S&P 600 are reaching record highs, indicating strong performance in broader market segments [3]. - Bond yields are decreasing, with the 10-year yield down to 4.14% and the 30-year yield at 4.79%, suggesting a shift in investor sentiment towards bonds [4]. Sector Performance - Utilities and real estate sectors are leading the market, with utilities up approximately 2.3% and real estate up about 1.5%, reflecting their sensitivity to interest rates [5]. - Financials, technology, and healthcare sectors are underperforming, indicating a potential shift in investor focus away from these areas [5][6]. AI and Technology Insights - The AI sector is entering a new phase, with companies increasingly relying on debt for capital expenditures rather than free cash flow, as seen in major firms like Google and Amazon [9][10]. - Investors are currently accepting of big tech companies taking on debt to finance AI developments, but there is a growing concern about the return on investment (ROI) and whether these expenditures will yield positive results in the future [12][14]. - The competitive landscape in AI is evolving, with uncertainty about which companies will emerge as leaders, prompting a cautious approach from investors [16][17]. Alphabet's Bond Offering - Alphabet is raising approximately $32 billion through multiple bond deals, including a rare 100-year bond, to finance its AI infrastructure buildout despite having substantial cash reserves [20][21]. - The demand for long-term bonds from companies like Alphabet indicates a shift in investment strategies, with institutional investors seeking stable, long-term returns [21]. Tax Implications for Big Tech - Major tech companies like Amazon and Meta are projected to see significant reductions in their tax bills for 2025, attributed to favorable tax provisions and credits related to AI investments and capital expenditures [22][23]. - This reduction in tax liabilities is expected to positively impact their bottom lines, although it may attract public scrutiny regarding their tax practices [23]. Job Market and Economic Outlook - The upcoming jobs report is anticipated to show a modest increase in employment, with projections around 70,000 new jobs added, but the White House is preparing for potential criticism if the numbers fall short of expectations [22][23]. - The labor market is described as stable, with sluggish hiring but no significant increase in layoffs, indicating a cautious economic environment [22].