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1. Company Snapshot

1.a. Company Description

LiveOne, Inc., a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting/vodcasting, and music-related streaming and video content.It operates LiveXLive, a live music streaming platform; PodcastOne, a podcasting platform; and Slacker, an integrated membership and advertising streaming music service, as well as produces original music-related content.The company also produces, edits, curates, and streams live music events through broadband transmission over the Internet and satellite networks to its users; provides digital Internet radio and music services to users online and through automotive and mobile original equipment manufacturers on a white label basis; and offers ancillary products and services, such as regulatory and post-implementation support services.


In addition, it develops, manufactures, and distributes personalized merchandise and gifts through wholesale and direct-to-consumer distribution channels.Further, the company offers LiveOne App, an application that provides access to live events, audio streams, original episodic content, podcasts, vodcasts, video on demand, real-time livestreams, and social sharing of content.The company was formerly known as LiveXLive Media, Inc.


and changed its name to LiveOne, Inc.in October 2021.LiveOne, Inc.


was incorporated in 2009 and is headquartered in Beverly Hills, California.

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1.b. Last Insights on LVO

LiveOne's recent performance was negatively impacted by the announcement of its preliminary fiscal year 2025 financial results, which will be disclosed on June 18, 2025. The company's Audio Division achieved record earnings, with Adjusted EBITDA exceeding guidance by 51% at $18.2M, but this was not enough to offset the negative sentiment surrounding the upcoming earnings release. Additionally, the appointment of Steve Lehman as Vice Chairman and Steve McClurg as Chief Advisor to CEO Rob Ellin may have created uncertainty among investors, as their backgrounds and expertise may not be well understood by the market. Furthermore, the company's decision to stream BKFC Ice Wars' "Battle of the Border" USA vs. Canada Fight Night in over 200 countries may have raised concerns about the company's focus and priorities.

1.c. Company Highlights

2. LiveOne's Q3 Earnings: A Transformative Quarter

LiveOne reported revenues of $20 million in Q3, bringing the total revenue for the 9 months to $58 million. The company has made significant strides in expanding its adjusted EBITDA and structurally transforming the business. Operating expenses have been reduced by over 52% year-over-year, and the organization has been streamlined from 350 people to 88 team members with the help of AI. The Audio Division generated $52.2 million in 9-month revenue and over $3.7 million in adjusted EBITDA, showcasing cost savings and the effective use of AI. The actual EPS came out at '-0.37', beating estimates at '-0.45'.

Publication Date: Mar -05

📋 Highlights
  • Revenue Growth:: Generated $58M revenue in 9 months, including $20M in Q3, with guidance of $85M–$95M for the year.
  • Expense Efficiency:: Operating expenses cut by 52% YoY through AI-driven workforce reduction from 350 to 88 employees.
  • Audio Division Performance:: $52.2M revenue and $3.7M adjusted EBITDA in 9 months, reflecting cost savings and AI integration.
  • B2B Pipeline Expansion:: 30% growth in B2B pipeline over 120 days, with 100+ enterprise opportunities tied to $1B–$10B companies.
  • Valuation & Tax Benefits:: Trading at 60% of revenue vs. industry 3x, plus $125M in net operating losses for future tax advantages.

Guidance and Outlook

LiveOne has provided preliminary fiscal guidance of $85 million to $95 million in revenues and $8 million to $10 million in adjusted EBITDA. The company is optimistic about its growth prospects, citing a significant increase in its B2B pipeline, which is now the largest in company history, up over 30% in the last 120 days. The industry valuation dynamics are improving, with the industry trading over 3x revenues, while LiveOne is trading at 60% of revenues.

Strategic Partnerships and Growth Initiatives

LiveOne is expanding its partnerships across major platforms, including Amazon, Apple, Paramount, Pluto TV, Telly, DAX, and Tesla. The company is also seeing a sharp acceleration in inbound M&A opportunities and continues to expand its original IP, with four television series sold to major streaming platforms with 100% margin economics. As Robert Ellin mentioned, "We're uniquely positioned as a B2B partner, with the ability to either be a strategic partner or be acquired by a major partner across all those different verticals."

Valuation and Metrics

LiveOne's current valuation metrics indicate a P/S Ratio of 0.79 and an EV/EBITDA of -4.06. With a Net Debt / EBITDA of -0.41, the company is in a relatively healthy financial position. Analysts estimate next year's revenue growth at 24.8%, indicating a potential for significant expansion.

Key Takeaways and Future Prospects

LiveOne is focused on building and controlling premium content, with over 15 original projects in the pipeline. The company is also increasingly focused on owning its own products, with a database exceeding 65 million consumers and billions of impressions and downloads across its platforms. With a strong foundation in place, LiveOne is poised for transformational growth, driven by its expanding B2B partnerships, AI initiatives, and live experiences. The company's plans to step up its share repurchase program and explore M&A opportunities further underscore its commitment to creating long-term shareholder value.

3. NewsRoom

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Does LiveOne (LVO) Have the Potential to Rally 122.87% as Wall Street Analysts Expect?

Mar -10

Source: zacks.com

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LiveOne (Nasdaq: LVO) Signs Multi-Year Extension with Merlin

Mar -10

Source: globenewswire.com

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LiveOne (LVO) Shows Fast-paced Momentum But Is Still a Bargain Stock

Mar -06

Source: zacks.com

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LiveOne (Nasdaq: LVO) Deployed Claude and other Proprietary AI Initiatives to Slash an Additional $5M+ of Costs Since December

Feb -25

Source: globenewswire.com

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Wall Street Analysts Predict a 121.15% Upside in LiveOne (LVO): Here's What You Should Know

Feb -19

Source: zacks.com

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Here Is Why Bargain Hunters Would Love Fast-paced Mover LiveOne (LVO)

Feb -18

Source: zacks.com

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LiveOne, Inc. (LVO) Q3 2026 Earnings Call Transcript

Feb -12

Source: seekingalpha.com

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LiveOne (LVO) Reports Q3 Loss, Tops Revenue Estimates

Feb -12

Source: zacks.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (17.54%)

6. Segments

Audio

Expected Growth: 18.3%

LiveOne's 18.3% growth in audio segment is driven by increasing demand for live and on-demand audio content, expansion of its podcasting business, and strategic partnerships with top artists and music festivals. Additionally, the company's focus on improving user experience, investing in technology, and expanding its sales and marketing efforts have contributed to its rapid growth.

Media

Expected Growth: 12.43%

LiveOne's 12.43% growth in Media segment is driven by increasing demand for live and virtual events, expansion of its podcasting business, and strategic partnerships. Additionally, the company's focus on original content creation, social media presence, and targeted advertising have contributed to its growth.

7. Detailed Products

LiveOne Streaming

A live streaming platform that allows artists and creators to broadcast live video content to a global audience.

Slacker Radio

A music streaming service that offers personalized radio stations and playlists.

LiveOne Podcasting

A podcast hosting and distribution platform that allows creators to publish, promote, and monetize their podcasts.

LiveOne Studios

A production and post-production studio that offers video and audio production services for live events and on-demand content.

LiveOne Ticketing

A ticketing platform that allows event organizers to sell tickets to live events and concerts.

8. LiveOne, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

LiveOne, Inc. operates in a niche market with limited substitutes, but the threat of substitutes is still present due to the evolving nature of the music and entertainment industry.

Bargaining Power Of Customers

LiveOne, Inc. has a diverse customer base, and no single customer has significant bargaining power, reducing the bargaining power of customers.

Bargaining Power Of Suppliers

LiveOne, Inc. relies on a network of suppliers, including artists, promoters, and venues, which gives them some bargaining power, but the company's scale and diversification mitigate this risk.

Threat Of New Entrants

The music and entertainment industry is highly competitive, and new entrants can easily disrupt the market, posing a significant threat to LiveOne, Inc.'s market share.

Intensity Of Rivalry

The music and entertainment industry is highly competitive, with many established players, leading to intense rivalry among companies, including LiveOne, Inc.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 75.96%
Debt Cost 12.69%
Equity Weight 24.04%
Equity Cost 12.69%
WACC 12.69%
Leverage 315.94%

11. Quality Control: LiveOne, Inc. passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Sinclair Broadcast Group

A-Score: 5.5/10

Value: 8.0

Growth: 4.4

Quality: 3.2

Yield: 10.0

Momentum: 4.5

Volatility: 3.0

1-Year Total Return ->

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Stock-Card
LiveOne

A-Score: 4.1/10

Value: 9.6

Growth: 6.8

Quality: 5.3

Yield: 0.0

Momentum: 1.5

Volatility: 1.3

1-Year Total Return ->

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Stock-Card
Marcus

A-Score: 3.8/10

Value: 4.4

Growth: 4.0

Quality: 4.0

Yield: 3.0

Momentum: 1.0

Volatility: 6.3

1-Year Total Return ->

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Stock-Card
Sphere Entertainment

A-Score: 3.7/10

Value: 3.3

Growth: 2.1

Quality: 3.9

Yield: 0.0

Momentum: 9.5

Volatility: 3.3

1-Year Total Return ->

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Stock-Card
Gaia

A-Score: 3.4/10

Value: 7.8

Growth: 4.0

Quality: 4.5

Yield: 0.0

Momentum: 1.5

Volatility: 2.7

1-Year Total Return ->

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Stock-Card
Dave & Buster's

A-Score: 3.0/10

Value: 6.0

Growth: 5.9

Quality: 2.5

Yield: 0.0

Momentum: 1.0

Volatility: 2.3

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

5.05$

Current Price

5.05$

Potential

-0.00%

Expected Cash-Flows