LiveOne, Inc.

LiveOne, Inc.

Overview

LiveOne, Inc. is a creator-first music, entertainment, and technology platform that delivers premium experiences worldwide through paid users and live or virtual events. As of March 31, 2026, the company operates four core integrated services:

• LiveOne: an online live music streaming platform
• Slacker: a fully integrated membership and advertising streaming music service (LiveOne powered by Slacker)
• PodcastOne: a majority-owned podcasting subsidiary
• CPS (Custom Personalization Solutions, Inc.): a retailer/wholesaler of personalized merchandise and gifts

Operating structure:

• Three operating segments: PodcastOne, Slacker, and Media Group
• Audio Group: PodcastOne + Slacker
• Media Group: the remaining subsidiaries

Primary revenue streams include paid subscriptions, advertising, licensing and sponsorship, pay-per-view (PPV) events, and merchandise.

Platform, Features, and Content Strategy

The LiveOne App and ecosystem provide:

• Live video streaming, video-on-demand (VOD), streaming music stations, podcasts, vodcasts, and push notifications
• Festival- and event-specific functionality, time-shifted content, and ad-based monetization
• Social features such as sharing, chat, and community engagement
• Cross-device support including desktop, iOS/Android, Apple TV, Roku, Samsung, and Amazon Fire

Content strategy:

• Live events and digital/PPV content, plus original programming produced through LiveOne Studios
• LiveZone traveling studio for festival coverage, artist interviews, and behind-the-scenes content
• Original franchises including Music Lives, Music Lives ON, Self Made, The Lockdown Awards, The Snubbys, The Breakout Awards, and One Rising

Podcast and video enhancements:

• PodcastOne uses Adori technology to add visual elements for YouTube distribution
• PodcastOne TV launched in 2023 as a FAST channel, distributed via MuxIP
• LaunchPadOne provides self-publishing hosting, distribution, and monetization tools for independent podcasters

Major Content and Ownership Relationships

• Long-term licensing arrangements with major labels (for example, Universal, Sony, Warner) and festival/event rights; minimum guarantees (MGs) are commonly used for live rights
• Revenue contributions from major OEMs and content partners
• Tesla is a significant OEM customer and a focus for subscriber conversion efforts

Key Metrics and Scale (Year ended March 31, 2026)

• Employees: 86
• Exclusive podcast network: over 200 exclusive shows, producing more than 275 episodes per week
• Podcast downloads: over 228 million in the year ended March 31, 2026
• Customer concentration: Tesla accounted for approximately 7% of consolidated revenue in the year ended March 31, 2026 (approximately 45% in the prior year)
• Paid user services: approximately 16% of revenue in the year ended March 31, 2026 (approximately 50% in the year ended March 31, 2025)

Financial Performance and Liquidity

• Net loss: $21.3 million for the year ended March 31, 2026; $20.4 million for the year ended March 31, 2025
• Accumulated deficit: $287.3 million
• Operating cash flow: used $10.5 million in 2026; generated $6.4 million in 2025
• Total indebtedness (March 31, 2026): $14.7 million (net of fees/discounts)
• Debentures: Original Issue Discount Senior Secured Convertible Debentures, with potential additional debentures up to $11 million under specified conditions
• SX settlement: $0.2 million owed under an agreement related to SoundExchange

Core revenue focus remains on paid user services, advertising, licensing/sponsorship, PPV, and merchandise sales through CPS.

Content Rights and Operational Risk

• Content acquisition often involves upfront minimum guarantees and long-term rights (typically three to seven years)
• Performance of content investments depends on user growth and advertiser demand
• Content rights and gallery management present material operational risk due to licensing dynamics and potential terminations or renewals

Intellectual Property and Technology

• Patents and trademarks: materials reference 46 registered or pending patents in one section and 39 in another; over 25 trademarks or trademark applications
• Key technology:
  • Proprietary CMS for PodcastOne with distribution and analytics capabilities
  • LiveOne App and supporting streaming and integration stack
  • Adori for visually enhanced podcasts on YouTube
  • Content delivery, storage, and data management for cross-platform distribution

Crypto Treasury Strategy (as of July 2025 onward)

• Bitcoin was selected as the initial treasury reserve asset
• Holdings (as of March 31, 2026): approximately 43.15 bitcoins purchased for about $5.0 million (average of roughly $115,878.44 per BTC); 100% of treasury invested in Bitcoin at that date
• Custody and controls: Anchorage Digital as custodian; private keys held offline in cold storage; assets segregated and controlled for the company
• Accounting: assets accounted for under ASC 350 with fair value measurement per ASU 2023-08
• Governance and risk: no hedging was planned initially; debenture security includes crypto assets, which could be subject to liquidation or foreclosure in default scenarios; volatility and regulatory risk apply, and forks or airdrops may affect asset accessibility or control

Corporate History and Contact

• Corporate name changes:
  • August 2, 2017: name changed to LiveXLive Media, Inc.; reincorporated from Nevada to Delaware
  • October 6, 2021: name changed to LiveOne, Inc.
• Principal offices: 269 S. Beverly Drive, Suite 1450, Beverly Hills, CA 90212
• Public filings and investor information are available on LiveOne’s website and on sec.gov

Notable Developments

• PodcastOne spun out as a standalone public company on September 8, 2023
• Continued expansion of Slacker and PodcastOne businesses alongside CPS e-commerce operations
• Ongoing investments in live events, original content, and platform development to drive user growth and engagement

Summary

LiveOne is a multi-service platform combining live event streaming, on-demand music and video, podcasting, and an e-commerce merchandise arm. The company generates revenue through subscriptions, advertising, licensing and sponsorship, PPV events, and merchandise sales. User growth and engagement are key to monetization, and content partnerships and platform innovation are central to expanding reach and revenue.