LiveOne (NASDAQ:LVO) Releases Earnings Results, Beats Estimates By $0.08 EPS

LiveOne (NASDAQ:LVO) issued its earnings results on Thursday. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.08, Zacks reports. The company had revenue of $20.26 million during the quarter, compared to analyst estimates of $19.29 million.

Here are the key takeaways from LiveOne’s conference call:

• Management highlighted a structural turnaround with operating expenses cut by over 52% year-over-year and headcount reduced from 350 to 88, driving a shift to positive consolidated adjusted EBITDA.
• LiveOne issued preliminary fiscal guidance of $85M–$95M in revenue and $8M–$10M adjusted EBITDA for the next year, following $58M in nine‑month revenue and $20.3M in Q3.
• The B2B pipeline is the largest in company history—>100 active enterprise opportunities—and management said three major Fortune 500 partnerships are signed or launching (including partners with >50M monthly paying subscribers) to drive recurring revenue.
• Balance-sheet improvements include paying off $2.5M of debt, an expanded share repurchase program (~$6M remaining), and $125M+ of net operating loss carryforwards that could deliver meaningful tax shields as GAAP profitability emerges.
• On a U.S. GAAP basis the company reported a consolidated net loss of $4.1M (‑$0.37 per share) in Q3, and one division (Slacker) remains slightly EBITDA‑negative, indicating some near‑term earnings and integration risk despite adjusted EBITDA gains.

LiveOne Stock Performance

Shares of LVO opened at $5.19 on Friday. The company has a market capitalization of $60.36 million, a PE ratio of -2.48 and a beta of 1.64. The company’s 50 day moving average price is $4.57 and its 200 day moving average price is $4.95. LiveOne has a 52 week low of $3.70 and a 52 week high of $10.30.

Wall Street Analysts Forecast Growth

LVO has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of LiveOne in a report on Thursday, January 22nd. Alliance Global Partners restated a “buy” rating and issued a $12.00 price target on shares of LiveOne in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $12.50.

Hedge Funds Weigh In On LiveOne

Several institutional investors and hedge funds have recently modified their holdings of LVO. Bank of America Corp DE raised its holdings in shares of LiveOne by 35.4% during the fourth quarter. Bank of America Corp DE now owns 59,595 shares of the company’s stock worth $88,000 after acquiring an additional 15,574 shares in the last quarter. Acadian Asset Management LLC increased its position in LiveOne by 2,891.7% in the 1st quarter. Acadian Asset Management LLC now owns 147,490 shares of the company’s stock worth $101,000 after purchasing an additional 142,560 shares during the last quarter. Marshall Wace LLP acquired a new position in LiveOne in the 2nd quarter worth about $174,000. Qube Research & Technologies Ltd purchased a new stake in shares of LiveOne during the 2nd quarter worth about $87,000. Finally, Jane Street Group LLC acquired a new stake in shares of LiveOne during the 2nd quarter valued at about $247,000. 21.25% of the stock is currently owned by hedge funds and other institutional investors.

LiveOne Company Profile

LiveOne, Inc (NASDAQ: LVO) is a digital media and entertainment company specializing in live and on-demand music, podcasts and original content. The company provides streaming access to live concerts, festival performances and exclusive artist-driven programming through its digital platform and mobile applications. Its service offerings include ad-supported free tiers as well as premium subscription packages that deliver high-quality audio and video experiences for music fans worldwide.

The LiveOne platform aggregates a diverse range of content, including live concert streams, curated on-demand playlists, artist interviews and behind-the-scenes footage.