Increased fiscal 2027 guidance to $85M–$95M+ in revenue and $8M–$10M+ in Adjusted EBITDA*, excluding corporate overhead, reflecting strong confidence in continued growth

Achieved a 52% year-over-year reduction in operating expenses through aggressive AI-driven efficiencies and a streamlined workforce from 350 to 88 employees

Expanded stock repurchase program by over $7M, with approximately $5M remaining, underscoring commitment to shareholder value

Strengthened B2B partnerships with industry leaders including AT&T, Vizio, Samsung, and LG, with another major strategic partner expected this quarter, reaching over 50 million monthly members

Built a robust pipeline of more than 100 B2B potential opportunities across key verticals including automotive, CTV, mobile, retail, loyalty, media, and technology

Accelerated AI monetization initiatives leveraging 250,000 hours of video, over 500,000 audio assets, and more than 1 billion tokens through strategic partnerships this quarter

Positioned for continued expansion with a highly accretive acquisition expected to close this quarter and ongoing evaluation of additional M&A opportunities

Positioned to continue eliminating $15M+ of liabilities with equity

LOS ANGELES, June 24, 2026 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first music, entertainment, and technology platform, announced today its financial results for the fourth quarter ("Q4 Fiscal 2026") and fiscal year ended March 31, 2026 ("Fiscal 2026"). LiveOne will host a conference call and webcast today, June 24, 2026.

Financial Highlights

Q4 Fiscal 2026 Revenue: $18.9M
Q4 Fiscal 2026 Adjusted EBITDA*: $0.3M
Audio Division Q4 Fiscal 2026 Revenue: $18.3M, maintaining positive segment Adjusted EBITDA* of $2.4M
LiveOne acquired additional 906K shares of PodcastOne shares at average price of $1.98 per share during Fiscal 2026

LiveOne’s CEO and Chairman, Robert Ellin, stated, "Our fourth quarter results reflect strong execution and profitable growth, highlighted by sustained momentum in our Audio Division business and the scalability of our platform. Our continued share repurchases at attractive valuations underscore management’s conviction in the long-term value we are building for shareholders."

Fiscal 2027 Guidance

LiveOne raises guidance for Fiscal 2027 for revenues to increase to $85-$95+ million and drive expected Adjusted EBITDA* of $8-10+ million (Excluding Corporate Overhead).

Q4 Fiscal 2026 Earnings Conference Call and Webcast

Date:	Wednesday, June 24, 2026
Time:	10:30 AM Eastern Time (7:30 AM Pacific Time)
Webcast Link:	https://events.q4inc.com/analyst/325286508?pwd=Q1KC0pEx
Dial-in:	(833) 461-5787
International Dial-in:	+44 808 196 8935
Conference Code:	325 286 508

Q4 Fiscal 2026 & Fiscal 2026 and Q4 Fiscal 2025 & Fiscal 2025 Results Summary (in $000’s, except per share; unaudited)

Q4 Fiscal 2026 & Fiscal 2026 and Q4 Fiscal 2025 & Fiscal 2025 Results Summary (in $000’s, except per share; unaudited)

Q4 Fiscal 2026 Results Summary Discussion

For Q4 Fiscal 2026, LiveOne posted revenue of $18.9 million versus $19.3 million in the same period in the prior year, driven primarily by reductions in Slacker revenues.

Q4 Fiscal 2026 Operating Loss was ($4.9) million compared to a ($10.8) million Operating Loss in the fourth quarter ended March 31, 2025 ("Q4 Fiscal 2025"). The $5.9 million improvement in Operating Loss was largely a result of reductions in impairment expense. LiveOne recorded a $7.7 million impairment expense within its Audio Division in Q4 Fiscal 2025.

Q4 Fiscal 2026 Adjusted EBITDA* was $0.3 million, as compared to Q4 Fiscal 2025 Adjusted EBITDA* of ($0.5) million, an increase of $0.8 million. Q4 Fiscal 2026 Adjusted EBITDA* was comprised of Audio Division Adjusted EBITDA* of $2.4 million, Other Operations Adjusted EBITDA* of ($1.4) million and Corporate Adjusted EBITDA* of ($0.7) million.

About LiveOne

Headquartered in Los Angeles, CA, LiveOne (Nasdaq: LVO) is an award-winning, creator-first, music, entertainment, and technology platform focused on delivering premium experiences and content worldwide and live and virtual events. LiveOne's subsidiaries include Slacker, PodcastOne (Nasdaq: PODC), PPVOne, Custom Personalization Solutions, LiveXLive and DayOne Music Publishing. LiveOne is available on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR's OTT applications. For more information, visit liveone.com and follow us on Facebook, Instagram, TikTok, YouTube and Twitter at @liveone. For more investor information, please visit ir.liveone.com.

Forward-Looking Statements

All statements other than statements of historical facts contained in this press release are "forward-looking statements," which may often, but not always, be identified by the use of such words as "may," "might," "will," "will likely result," "would," "should," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "could," "believe," "seek," "continue," "contemplate," "predict," "potential," "target" or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: LiveOne’s reliance on its largest OEM customer for a substantial percentage of its revenue; LiveOne’s ability to consummate any proposed financing, acquisition, spin-out, special dividend, merger, distribution or transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance stockholder value; LiveOne’s ability to continue as a going concern; LiveOne’s ability to attract, maintain and increase the number of its users and paid members; LiveOne identifying, acquiring, securing and developing content; LiveOne’s ability to implement its announced digital asset treasury strategy and/or purchase digital assets from time to time pursuant to such strategy, including for the maximum announced amount, and other risks related to such strategy; LiveOne’s intent to repurchase shares of its and/or PodcastOne’s common stock from time to time under LiveOne’s announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne’s ability to maintain compliance with certain financial and other debt covenants; LiveOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management’s relationships with industry stakeholders; LiveOne’s ability to repay its indebtedness when due; LiveOne’s ability to satisfy the conditions for closing on its announced additional convertible debentures financing; uncertain and unfavorable outcomes in legal proceedings and/or LiveOne’s ability to pay any amounts due in connection with any such legal proceedings; significant legal, commercial, regulatory and technical uncertainty and risks related to Bitcoin, Ethereum and other digital assets; regulatory developments related to digital assets and digital asset markets; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of LiveOne’s subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in LiveOne’s Annual Report on Form 10-K for the fiscal year ended March 31, 2025, filed with the U.S. Securities and Exchange Commission (the "SEC") on July 15, 2025, Quarterly Report on Form 10-Q for the quarter ended December 31, 2025, filed with the SEC on February 13, 2026, and in LiveOne’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and LiveOne disclaims any obligation to update these statements, except as may be required by law. LiveOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

* About Non-GAAP Financial Measures

To supplement our consolidated financial statements, which are prepared and presented in accordance with the accounting principles generally accepted in the United States of America ("GAAP"), we present Contribution Margin (Loss) and Adjusted Earnings Before Interest Tax Depreciation and Amortization ("Adjusted EBITDA"), which are non-GAAP financial measures, as measures of our performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, or superior to, operating loss and or net income (loss) or any other performance measures derived in accordance with GAAP or as an alternative to net cash provided by operating activities or any other measures of our cash flows or liquidity.

We use Contribution Margin (Loss) and Adjusted EBITDA to evaluate the performance of our operating segments. We believe that information about these non-GAAP financial measures assists investors by allowing them to evaluate changes in the operating results of our business separate from non-operational factors that affect operating income (loss) and net income (loss), thus providing insights into both operations and the other factors that affect reported results. Adjusted EBITDA is not calculated or presented in accordance with GAAP. A limitation of the use of Adjusted EBITDA as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in our business. Accordingly, Adjusted EBITDA should be considered in addition to, and not as a substitute for operating income (loss), net income (loss), and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, Adjusted EBITDA as presented herein may not be comparable to similarly titled measures of other companies.

Contribution Margin (Loss) is defined as Revenue less Cost of Sales before (a) Cost of Sales share-based compensation expense, (b) depreciation, and (c) amortization of developed technology. Adjusted EBITDA is defined as earnings before interest, other (income) expense, income tax expense, depreciation and amortization and before (a) non-cash GAAP purchase accounting adjustments for certain deferred revenue and costs, (b) legal, accounting and other professional fees directly attributable to acquisition activity, (c) employee severance payments and third party professional fees directly attributable to acquisition or corporate realignment activities, (d) certain non-recurring expenses associated with legal settlements or reserves for legal settlements in the period that pertain to historical matters that existed at acquired companies prior to their purchase date and a one-time minimum guarantee to effectively terminate a live events distribution agreement post COVID-19, and (e) certain stock-based compensation expense. Management does not consider these costs to be indicative of our core operating results.

With respect to projected quarter and full Fiscal 2027 Adjusted EBITDA, a quantitative reconciliation is not available without unreasonable efforts due to the high variability, complexity and low visibility with respect to purchase accounting adjustments, acquisition-related charges and legal settlement reserves excluded from Adjusted EBITDA. We expect that the variability of these items to have a potentially unpredictable, and potentially significant, impact on our future GAAP financial results.

For more information on these non-GAAP financial measures, please see the tables entitled "Reconciliation of Non-GAAP Measure to GAAP Measure" included at the end of this release.

LiveOne Press Contact:

press@liveone.com

Follow LiveOne on social media: Facebook, Instagram, TikTok, YouTube, and X at @liveone.

Financial Information

The tables below present financial results for the three and twelve months ended March 31, 2026 and 2025.

LiveOne, Inc.

Consolidated Statements of Operations (Unaudited)

(In thousands, except share and per share amounts)

LiveOne, Inc. Consolidated Statements of Operations (Unaudited) (In thousands, except share and per share amounts)

LiveOne, Inc.

Consolidated Balance Sheets (Unaudited)

(In thousands)

LiveOne, Inc. Consolidated Balance Sheets (Unaudited) (In thousands)

LiveOne, Inc.

Reconciliation of Non-GAAP Measure to GAAP Measure

Adjusted EBITDA* Reconciliation (Unaudited)

(In thousands)

(1)

Non-Recurring Acquisition and Realignment Costs include non-cash GAAP purchase accounting adjustments for certain deferred revenue and costs, legal, accounting and other professional fees directly attributable to acquisition activity, employee severance payments and third party professional fees directly attributable to acquisition or corporate realignment activities, and certain non-recurring expenses associated with legal settlements or reserves for legal settlements in the period that pertain to historical matters that existed at acquired companies prior to their purchase date

(2)

Other (income) expense above primarily includes interest expense and change in fair value of derivative liabilities. These are included in the statement of operations in other income (expense) and are an add back to net loss above in the reconciliation of Adjusted EBITDA* to loss.

See the definition of Adjusted EBITDA under "About Non-GAAP Financial Measures" within this release.

LiveOne, Inc.

Reconciliation of Non-GAAP Measure to GAAP Measure

Contribution Margin* Reconciliation (Unaudited)

(In thousands)

LiveOne, Inc. Reconciliation of Non-GAAP Measure to GAAP Measure Contribution Margin* Reconciliation (Unaudited) (In thousands)

See the definition of Contribution Margin under "About Non-GAAP Financial Measures" within this release.

Tables accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/854c0fe7-5e0b-44cd-b525-5e3a51769d8e

https://www.globenewswire.com/NewsRoom/AttachmentNg/547dd34e-f3ec-4e7a-9aa2-738105bfdf12

https://www.globenewswire.com/NewsRoom/AttachmentNg/3a786644-9fbb-4545-a706-10b331bc9e24

https://www.globenewswire.com/NewsRoom/AttachmentNg/6df13eda-99dc-4e82-aee5-af0ed29217e8

https://www.globenewswire.com/NewsRoom/AttachmentNg/afc8fe2a-ff45-4556-b853-5239f41f4fc2

LiveOne (Nasdaq: LVO) Delivers Strong Fiscal 2026 Performance with $77.1M Revenue; Audio Division Drives Growth with $73.5M Revenue and $6.1M+ Adjusted EBITDA*; Raises Fiscal 2027 Outlook