LiveOne reported a record quarter on Thursday, detailing financial performance and strategic initiatives during its virtual investor summit for the third quarter of 2026.
The company posted revenue of $19 million and EBITDA exceeding $6 million for the quarter, alongside a $7 million increase in net worth and $3.3 million growth in cash. Liabilities were reduced by more than $5 million during the period. PodcastOne, its primary segment, generated $16 million in revenue with quarterly EBITDA of $1.6 million.
LiveOne executed share buybacks totaling over $7 million, including the repurchase of 150,000 shares of its subsidiary PodcastOne. The buybacks were conducted at approximately $4 to $5 per share, representing a roughly 50% discount to the $7.50 per share price from a $10 million capital raise completed six months prior. The company also projected full-year revenue between $85 million and $90 million, with annual EBITDA anticipated at $8 million to $10 million.
Operational restructuring included a reduction in headcount from 350 to 80 employees, with over 100 layoffs in the Custom Personalization Solutions division. PodcastOne’s financial trajectory showed improvement from historical figures of $17 million in revenue and a $5 million loss, now reporting $61 million in revenue and $1.6 million in quarterly EBITDA. Annual projections for PodcastOne include revenue of $68 million to $75 million and EBITDA of $8 million to $10 million. The segment expanded its advertiser base from 70 to over 500 major brands and ranked sixth among podcasts in the prior month according to Podtrac, placing in the top 10 over the past 12 months.
Dr. Phil’s podcast, acquired approximately three months prior, previously generated over $50 million annually at CBS. Industry transactions for podcast assets have ranged between 5x and 15x revenue multiples, with OpenAI’s recent deal cited at 13.6x revenue. LiveOne’s valuation stood at roughly 0.5x revenue, compared with the sector average of 2.94x revenue.
The company highlighted its platform scale, citing 6.6 billion total plays, 2,900 artists, 148 live-streamed events, and 2,200 hours of live music content. Video and audio libraries included over 250,000 and 500,000 hours respectively, alongside 1 billion content codes. Slacker Radio contributed 82 billion plays, over 50 million tracks, and over 100 million app downloads. PodcastOne’s library exceeded 400,000 hours of content, supported by 500 curated radio stations. LiveOne holds 46 patents and maintains a $250 million tax loss carryforward. Management also referenced potential AI licensing revenue of $100 to $500 per hour for selling content to AI models.
Executives highlighted included CEO Rob Ellin, who has invested over $18 million in the company, alongside Sue McNamara (Sales), Kit Gray (Operations), and Brad Konkol (Slacker Radio). The board features Steve Bornstein, Patrick Wachsberger, Jules Haimovitz, and Ken Solomon. Strategic partners mentioned included Tesla, LG, Vizio, AT&T, Samsung, Netflix, Disney, Amazon, Spotify, Apple, Paramount, A&E, Podtrac, Acast, Fox, OpenAI, Microsoft, and Facebook.
LiveOne cited market capitalizations of peers including iHeart ($6 billion), SiriusXM ($25 billion), Spotify ($100 billion), and major technology companies (each around $1 trillion). The company’s live events division, Boxe, previously generated $25 million in revenue and $4 million in EBITDA with its Social Gloves boxing series. The newly launched Team Boxing League aims to host over 60 events annually.
