Core Insights - LiveOne reported a significant decline in revenue for Q1 Fiscal 2026, totaling $19.2 million compared to $33.1 million in Q1 Fiscal 2025, primarily due to reductions in Slacker revenues [2][3] - The company experienced an operating loss of $4.0 million in Q1 Fiscal 2026, worsening from a loss of $0.8 million in the same quarter the previous year [3] - Adjusted EBITDA for Q1 Fiscal 2026 was reported at ($1.8) million, a decrease of $4.7 million from $2.9 million in Q1 Fiscal 2025 [4] Financial Performance - Revenue for Q1 Fiscal 2026 was $19,207,000, down from $33,078,000 in Q1 Fiscal 2025 [20] - Operating loss increased to ($4,034,000) from ($784,000) year-over-year [20] - Net loss for Q1 Fiscal 2026 was ($3,864,000), compared to ($1,557,000) in the prior year [20] Operational Highlights - The company underwent a 31% staff reduction, decreasing from 138 to 95 employees [6] - LiveOne expanded its B2B partnerships, including a $16.5 million deal with Amazon via PodcastOne and a revenue partnership with a Fortune 250 Streaming Network [6] - The company launched a significant live event, a reality Olympics series, building on the success of Social Gloves, which generated $27 million in revenue [6] Strategic Initiatives - LiveOne completed a $10.2 million equity raise aimed at Bitcoin yield strategy and Web3 initiatives [6] - The company added key personnel to its Web3 team to monetize over 10,000 hours of video content through digital assets [6] - LiveOne continues to explore merger and acquisition opportunities, including the potential sale of a subsidiary [6]

Core Insights - LiveOne has appointed Steve McClurg as Chief Advisor, leveraging his extensive experience in crypto, blockchain, tokenization, and capital markets to drive strategic growth [1][2] - The company aims to enhance its digital asset innovation, monetize podcast assets, and integrate into institutional markets under McClurg's guidance [1][2] Company Overview - LiveOne is headquartered in Los Angeles, CA, and operates as a creator-first music, entertainment, and technology platform, providing premium experiences and content globally through memberships and live and virtual events [3] - The company's subsidiaries include Slacker, PodcastOne, PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind, and it is accessible on various platforms including iOS, Android, Roku, and Spotify [3] Strategic Focus - The appointment of McClurg is seen as a significant step towards accelerating LiveOne's mission to enter digital markets, with a strong emphasis on podcasting and digital assets [2] - McClurg's background includes advising on blockchain initiatives and structuring tokenized investment vehicles, which aligns with LiveOne's goals in digital asset treasury strategies [5]