LiveOne — H1 Fiscal 2027 Earnings Summary

Financial Performance:

• H1 Fiscal 2027 revenue was $37.3 million, a decrease from $37.97 million in H1 Fiscal 2026.
• Q2 Fiscal 2027 revenue was $18.0 million, down from $18.76 million in Q2 Fiscal 2026.
• H1 Fiscal 2027 Adjusted EBITDA was $3.6 million, a significant improvement from a loss of $2.8 million in H1 Fiscal 2026.
• Q2 Fiscal 2027 Adjusted EBITDA was $(0.7) million, an improvement from a loss of $1.0 million in Q2 Fiscal 2026.
• H1 Fiscal 2027 Net Loss was $8.7 million, compared to $9.57 million in H1 Fiscal 2026.
• Q2 Fiscal 2027 Net Loss was $5.6 million, compared to $5.7 million in Q2 Fiscal 2026.
• H1 Fiscal 2027 Net Loss per share was $(0.59), compared to $(0.98) in H1 Fiscal 2026.
• Q2 Fiscal 2027 Net Loss per share was $(0.37), compared to $(0.52) in Q2 Fiscal 2026.
• Audio Division H1 Fiscal 2027 revenue was $36.3 million (derived from $37.3M total minus $1.0M Other/Corporate, though press release explicitly states Audio Division Q2 revenue was $17.6M and H1 total was $37.3M, with PodcastOne H1 revenue at $31.5M).
• PodcastOne H1 Fiscal 2027 revenue was $31.5 million with Adjusted EBITDA of $3.0 million.
• Cash and cash equivalents were $7.48 million as of September 30, 2026, up from $5.35 million as of March 31, 2026.
• Senior debt balance was reduced to $9 million; $25 million in debt and other liabilities were extinguished since February 2026.
• Deferred revenue was $0.9 million as of September 30, 2026, down from $1.79 million as of March 31, 2026.

Guidance and Future Outlook:

• Revised Fiscal 2027 revenue guidance to $70–$75 million, reflecting updated launch timelines from B2B partners.
• Revised Fiscal 2027 Adjusted EBITDA guidance to $10 million+.
• Issued first-time Fiscal 2028 guidance of $100 million+ in revenue, anticipating the launch of the largest partnership in company history.

Business Segments and Product Lines:

• Slacker Radio signed a five-year partnership with Groove Technology Solutions.
• PodcastOne ranked #6 on Podtrac.
• The company is accelerating AI initiatives across all subsidiaries.
• The company is expanding its M&A pipeline and strategic acquisition opportunities across all subsidiaries.
• PodcastOne posted record H1 Fiscal 2027 revenue and Adjusted EBITDA.

Market and Competitive Landscape:

• PodcastOne achieved a #6 ranking on Podtrac.
• The company anticipates substantial growth in the coming year driven by a major upcoming partnership.

Risks and Challenges:

• Forward-looking statements highlight risks including reliance on the largest OEM customer for a substantial percentage of revenue.
• Risks include the ability to consummate proposed financing, acquisitions, or transactions and the timing thereof.
• Risks include the ability to continue as a going concern and maintain compliance with financial covenants under senior secured debentures.
• Risks include potential legal proceedings and the ability to repay indebtedness when due.
• Risks include the variability of non-GAAP adjustments such as purchase accounting adjustments and legal settlement reserves impacting future GAAP results.

Management Commentary and Tone:

• CEO and Chairman Robert Ellin stated the company is "fully positioned to finish its fiscal year strong and prepared for anticipated substantial growth next year."

Other Key Points:

• LiveOne has extinguished $25 million in debt and other liabilities since February 2026.
• The company hosts a conference call and webcast on November 12, 2026, at 9:00 AM Eastern Time.
• LiveOne subsidiaries include Slacker, PodcastOne, 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 STIRR's OTT applications.