# EDGAR Filing Document

**Accession Number:** 0001491419
**File Stem:** 0001213900-25-075322
**Filing Date:** 2025-8
**Character Count:** 29718
**Document Hash:** f7cc361b7ec81dbf0e8c7bff8ca23f39
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-075322.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0001213900-25-075322

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250813

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250813

**DATE AS OF CHANGE**: 20250813

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LiveOne, Inc.
- **CENTRAL INDEX KEY:** 0001491419
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-EATING PLACES [5812]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 980657263
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38249
- **FILM NUMBER:** 251209167

**BUSINESS ADDRESS:**
- **STREET 1:** 269 SOUTH BEVERLY DRIVE
- **STREET 2:** SUITE 1450
- **CITY:** BEVERLY HILLS
- **STATE:** CA
- **ZIP:** 90212
- **BUSINESS PHONE:** (310) 601-2505

**MAIL ADDRESS:**
- **STREET 1:** 269 SOUTH BEVERLY DRIVE
- **STREET 2:** SUITE 1450
- **CITY:** BEVERLY HILLS
- **STATE:** CA
- **ZIP:** 90212

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LiveXLive Media, Inc.
- **DATE OF NAME CHANGE:** 20170808

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LOTON, CORP
- **DATE OF NAME CHANGE:** 20100507

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): August 13, 2025**

**LIVEONE, INC.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-38249** | **98-0657263** |
| (State or other jurisdiction<br> of incorporation) | (Commission File Number) | (I.R.S. Employer <br> Identification No.) |

---

**269 South Beverly Drive, Suite 1450**

**<u>Beverly Hills, CA 90212</u>**

(Address of principal executive offices) (Zip Code)

**<u>(310) 601-2505</u>**

(Registrant's telephone number, including area code)

**<u>n/a</u>**

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| **Common stock, $0.001 par value per share** | **LVO** | **The NASDAQ Capital Market** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 2.02 Results of Operations and Financial Condition.**

On August 13, 2025, LiveOne, Inc. (the "Company") issued a press release announcing its operating and financial highlights and results for the first quarter ended June 30, 2025. A copy of the press release is attached hereto as Exhibit 99.1.

The information included herein and in Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as expressly set forth by specific reference in such a filing.

**Item 7.01 Regulation FD Disclosure.**

On October 23, 2024, the Company issued a press release announcing that it plans to hold a conference call and audio webcast to provide a business update and discuss its operating and financial results for the first quarter ended June 30, 2025 on August 13, 2025. A copy of the press release is attached hereto as Exhibit 99.2.

The information included herein and in Exhibit 99.2 shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as expressly set forth by specific reference in such a filing.

**Item 9.01 Financial Statements and Exhibits.**

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 99.1\* | [Press release, dated August 13, 2025.](ea025301501ex99-1_liveone.htm) |
| 99.2\* | [Press release, dated August 11, 2025.](ea025301501ex99-2_liveone.htm) |
| 104\* | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

\* Furnished herewith.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **LIVEONE, INC.** | **LIVEONE, INC.** |
| Date: August 13, 2025 | By: | /s/ *Ryan Carhart* |
|  | Name: | Ryan Carhart |
|  | Title: | Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

**LiveOne (LVO) Reports Q1 Fiscal 2026 Revenue of $19.2 Million, Eliminating $14.1 Million in Short-term Liabilities Year Over Year**

● **Staff Reduction: 31% staff reduction, from 138 to 95 employees.** 

● **Partnerships: Expanded B2B partnerships, including:** 

○ **$16.5M Amazon deal via PodcastOne: 3-year partnership.** 

○ **Fortune 250 Streaming Network: 26 million+ revenue partnership.** 

○ **To Launch with $100B+ company with 30 million+ paying subscribers.** 

● **PodcastOne (PODC) Reports Record $15M Q1 2026 Revenue.** 

● **Ad Growth: DAX partnership achieves 30% to 82% ad growth in Tesla cars, with ARPU increasing from $3-5.** 

● **Equity Raise: completed $10.2 million equity raise for Bitcoin yield strategy and Web3 initiatives.** 

● **Web3 Team: Added Steve McClurg, Steve Lehman, and Andy Vick to monetize 10,000+ hours of video content through tokens, NFTs, and other digital assets.** 

● **TV Shows: Sold three TV shows (Varnamtown, Vigilante, and Opportunist) to major streaming networks.** 

● **Live Event: To launch its biggest live event, a reality Olympics series, building on the success of Social Gloves, which delivered $27 million in revenue and $4.5 million in EBITDA.** 

● **M&A Opportunities: Continues to aggressively review potential merger and acquisition opportunities, including potential sale of a subsidiary.** 

**Los Angeles, CA, August 13, 2025** – LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment, and technology platform, announced today its operating results for the first fiscal quarter ("Q1 Fiscal 2026") of its fiscal year ending March 31, 2026 ("Fiscal 2026"). LiveOne will host a conference call and webcast today, August 13, 2025.

LiveOne's CEO and Chairman, Robert Ellin, stated, "Momentum is building again at LiveOne, and we're excited to build our flywheel with amazing partners like Amazon, Fortune 250 companies, and DAX. With our expanded Web3 team and strategic initiatives, we're poised for continued growth and success."

**<u>Q1 Fiscal 2026 and Q1 Fiscal 2025 Results Summary (in $000's, except per share; unaudited)</u>**

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** |
|  | **June 30,** | **June 30,** |
|  | **2025** | **2024** |
| Revenue | $19207 | $33078 |
| Operating loss | $(4034) | $(784) |
| Total other income (expense) | $170 | $(724) |
| Net loss | $(3864) | $(1557) |
| Adjusted EBITDA\* | $(1812) | $2903 |
| Net loss per share basic and diluted | 0.04) | 0.02) |

---

**<u>Q1 Fiscal 2026 Results Summary Discussion</u>**

For Q1 Fiscal 2026, LiveOne posted revenue of $19.2 million versus $33.1 million in the same period in the prior year, driven primarily by reductions in Slacker revenues.

Q1 Fiscal 2026 Operating Loss was ($4.0) million compared to a ($0.8) million Operating Loss in the first quarter ended June 30, 2024 ("Q1 Fiscal 2025"). The $4.0 million in Operating Loss was largely a result of a decrease in Slacker revenue offset by reductions in operating expenses.

Q1 Fiscal 2026 Adjusted EBITDA\* was ($1.8) million, as compared to Q1 Fiscal 2025 Adjusted EBITDA\* of $2.9 million, a decrease of $4.7 million. Q1 Fiscal 2026 Adjusted EBITDA\* was comprised of Audio Division Adjusted EBITDA\* of $0.4 million, Other Operations Adjusted EBITDA\* of ($0.7) million and Corporate Adjusted EBITDA\* of ($1.5) million. Audio Division Adjusted EBITDA\* of $0.4 million was driven by decrease in Slacker revenues.

---

| | |
|:---|:---|
| **<u>Q1 Fiscal 2026 Earnings Conference Call and Webcast</u>** | **<u>Q1 Fiscal 2026 Earnings Conference Call and Webcast</u>** |
| **Date**: | Wednesday, August 13, 2025 |
| **Time:** | 10:00 AM Eastern Time (7:00 AM Pacific Time) |
| **Webcast Link**: | https://events.q4inc.com/attendee/432398509 |
| **Dial-in:** | (800) 715-9871 |
| **International Dial-in**: | +1 (646) 307-1963 |
| **Conference Code:** | 2892444 |

---

**About LiveOne**

**Forward-Looking Statements**

All statements other than statements of historical facts contained in this press release are "forward-looking statements," which may often, but not always, be identified by the use of such words as "may," "might," "will," "will likely result," "would," "should," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "continue," "target" or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: LiveOne's reliance on its largest OEM customer for a substantial percentage of its revenue; LiveOne's ability to consummate any proposed financing, acquisition, spin-out, special dividend, merger, distribution or transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; LiveOne's ability to continue as a going concern; LiveOne's ability to attract, maintain and increase the number of its users and paid members; LiveOne identifying, acquiring, securing and developing content; LiveOne's ability to implement its recently announced crypto treasury strategy and/or purchase crypto assets from time to time pursuant to such strategy, including for the maximum announced amount; LiveOne's intent to repurchase shares of its and/or PodcastOne's common stock from time to time under LiveOne's announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne's ability to maintain compliance with certain financial and other debt covenants; LiveOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management's relationships with industry stakeholders; LiveOne's ability to repay its indebtedness when due; LiveOne's ability to satisfy the conditions for closing on its announced additional convertible debentures financing; uncertain and unfavorable outcomes in legal proceedings and/or LiveOne's ability to pay any amounts due in connection with any such legal proceedings; significant legal, commercial, regulatory and technical uncertainty and risks related to Bitcoin, Ethereum and other digital assets; regulatory developments related to crypto assets and crypto asset markets; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of LiveOne's subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in LiveOne's Annual Report on Form 10-K for the fiscal year ended March 31, 2025, filed with the U.S. Securities and Exchange Commission (the "SEC") on July 15, 2025, and in LiveOne's other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and LiveOne disclaims any obligation to update these statements, except as may be required by law. LiveOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

**<u>\* About Non-GAAP Financial Measures</u>** 

To supplement our consolidated financial statements, which are prepared and presented in accordance with the accounting principles generally accepted in the United States of America ("GAAP"), we present Contribution Margin (Loss) and Adjusted Earnings Before Interest Tax Depreciation and Amortization ("Adjusted EBITDA"), which are non-GAAP financial measures, as measures of our performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, or superior to, operating loss and or net income (loss) or any other performance measures derived in accordance with GAAP or as an alternative to net cash provided by operating activities or any other measures of our cash flows or liquidity.

We use Contribution Margin (Loss) and Adjusted EBITDA to evaluate the performance of our operating segments. We believe that information about these non-GAAP financial measures assists investors by allowing them to evaluate changes in the operating results of our business separate from non-operational factors that affect operating income (loss) and net income (loss), thus providing insights into both operations and the other factors that affect reported results. Adjusted EBITDA is not calculated or presented in accordance with GAAP. A limitation of the use of Adjusted EBITDA as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in our business. Accordingly, Adjusted EBITDA should be considered in addition to, and not as a substitute for operating income (loss), net income (loss), and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, Adjusted EBITDA as presented herein may not be comparable to similarly titled measures of other companies.

Contribution Margin (Loss) is defined as Revenue less Cost of Sales before (a) Cost of Sales share-based compensation expense, (b) depreciation, and (c) amortization of developed technology. Adjusted EBITDA is defined as earnings before interest, other (income) expense, income tax expense, depreciation and amortization and before (a) non-cash GAAP purchase accounting adjustments for certain deferred revenue and costs, (b) legal, accounting and other professional fees directly attributable to acquisition activity, (c) employee severance payments and third party professional fees directly attributable to acquisition or corporate realignment activities, (d) certain non-recurring expenses associated with legal settlements or reserves for legal settlements in the period that pertain to historical matters that existed at acquired companies prior to their purchase date and a one-time minimum guarantee to effectively terminate a live events distribution agreement post COVID-19, and (e) certain stock-based compensation expense. Management does not consider these costs to be indicative of our core operating results.

With respect to projected full Fiscal 2026 Adjusted EBITDA, a quantitative reconciliation is not available without unreasonable efforts due to the high variability, complexity and low visibility with respect to purchase accounting adjustments, acquisition-related charges and legal settlement reserves excluded from Adjusted EBITDA. We expect that the variability of these items to have a potentially unpredictable, and potentially significant, impact on our future GAAP financial results.

For more information on these non-GAAP financial measures, please see the tables entitled "Reconciliation of Non-GAAP Measure to GAAP Measure" included at the end of this release.

**LiveOne Press Contact:**

press@liveone.com

Follow LiveOne on social media: Facebook, Instagram, TikTok, YouTube, and X at @liveone.

**Financial Information**

The tables below present financial results for the three months ended June 30, 2025 and 2024.

**LiveOne, Inc.**

**Consolidated Statements of Operations (Unaudited)**

***(In thousands, except share and per share amounts)***

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** |
|  | **June 30,** | **June 30,** |
|  | **2025** | **2024** |
| **Revenue:** | $19207 | $33078 |
| **Operating expenses:** |  |  |
| &nbsp;&nbsp;&nbsp;Cost of sales | 16825 | 25087 |
| &nbsp;&nbsp;&nbsp;Sales and marketing | 1261 | 1431 |
| &nbsp;&nbsp;&nbsp;Product development | 934 | 1071 |
| &nbsp;&nbsp;&nbsp;General and administrative | 4076 | 5505 |
| &nbsp;&nbsp;&nbsp;Impairment of intangible assets |  | 176 |
| &nbsp;&nbsp;&nbsp;Amortization of intangible assets | 145 | 592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 23241 | 33862 |
| **Loss from operations** | (4034) | (784) |
| **Other income (expense):** |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense, net | (687) | (859) |
| &nbsp;&nbsp;&nbsp;Other income (expense) | 857 | 135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other expense, net | 170 | (724) |
| **Loss before provision for income taxes** | (3864) | (1508) |
| Provision for income taxes | - | 49 |
| **Net loss** | (3864) | (1557) |
| Net loss attributable to non-controlling interest | (271) | (388) |
| **Net loss attributed to LiveOne** | $(3593) | $(1945) |
| **Net loss per share – basic and diluted** | $(0.04) | $(0.02) |
| **Weighted average common shares – basic and diluted** | 96741899 | 94419692 |

---

**LiveOne, Inc.**

**Consolidated Balance Sheets (Unaudited)**

***(In thousands)***

---

| | | |
|:---|:---|:---|
|  | **June 30,**<br>**2025** | **March 31,**<br>**2025** |
| **<u>Assets</u>** |  |  |
| **Current Assets** |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $11891 | $4119 |
| &nbsp;&nbsp;&nbsp;Restricted cash | 30 | 30 |
| &nbsp;&nbsp;&nbsp;Accounts receivable, net | 8326 | 8299 |
| &nbsp;&nbsp;&nbsp;Inventories | 1156 | 1586 |
| &nbsp;&nbsp;&nbsp;Prepaid expense and other current assets | 1543 | 1212 |
| **Total Current Assets** | 22946 | 15246 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 1768 | 893 |
| &nbsp;&nbsp;&nbsp;Goodwill | 21712 | 21712 |
| &nbsp;&nbsp;&nbsp;Intangible assets, net | 2424 | 2569 |
| &nbsp;&nbsp;&nbsp;Other assets | 89 | 97 |
| **Total Assets** | $48940 | $40517 |
| **<u>Liabilities, Mezzanine Equity and Stockholders' Equity (Deficit)</u>** |  |  |
| **Current Liabilities** |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable and accrued liabilities | $26259 | $25180 |
| &nbsp;&nbsp;&nbsp;Accrued royalties | 5190 | 5490 |
| &nbsp;&nbsp;&nbsp;Notes payable, current portion | 453 | 623 |
| &nbsp;&nbsp;&nbsp;Convertible note, current portion | 500 |  |
| &nbsp;&nbsp;&nbsp;Senior secured line of credit |  | 2950 |
| &nbsp;&nbsp;&nbsp;Deferred revenue | 1554 | 2141 |
| **Total Current Liabilities** | 33956 | 36384 |
| &nbsp;&nbsp;&nbsp;Notes payable, net | 149 | 150 |
| &nbsp;&nbsp;&nbsp;lease liabilities, noncurrent | 81 | 99 |
| &nbsp;&nbsp;&nbsp;Convertible note, noncurrent | 14758 |  |
| &nbsp;&nbsp;&nbsp;Other long-term liabilities | 12028 | 12236 |
| &nbsp;&nbsp;&nbsp;Deferred income taxes | 60 | 60 |
| **Total Liabilities** | 61032 | 48929 |
| **Commitments and Contingencies** |  |  |
| **Stockholders' Equity (Deficit)** |  |  |
| &nbsp;&nbsp;&nbsp;Preferred stock, $0.001 par value; 10,000,000 shares authorized; 14,428 and 14,002 shares issued and outstanding as of June 30, 2025 and March 31, 2025, respectively | 14428 | 14002 |
| &nbsp;&nbsp;&nbsp;Common stock, $0.001 par value; 500,000,000 shares authorized; 96,976,557 issued and outstanding as of June 30, 2025; 96,765,145 shares issued and outstanding as of March 31, 2025 | 97 | 97 |
| &nbsp;&nbsp;&nbsp;Additional paid in capital | 234261 | 233495 |
| &nbsp;&nbsp;&nbsp;Treasury stock | (490) | (250) |
| &nbsp;&nbsp;&nbsp;Accumulated deficit | (269138) | (265119) |
| **Total LiveOne's Stockholders' Deficit** | (20842) | (17775) |
| &nbsp;&nbsp;&nbsp;Non-controlling interest | 8750 | 9363 |
| Total equity (deficit) | (12092) | (8412) |
| **Total Liabilities and Stockholders' Equity (Deficit)** | $48940 | $40517 |

---

**LiveOne, Inc.**

**Reconciliation of Non-GAAP Measure to GAAP Measure**

**Adjusted EBITDA\* Reconciliation (Unaudited)**

***(In thousands)***

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net**<br>**Income**<br>**(Loss)** | **Depreciation**<br>**and**<br>**Amortization** |<br>**Stock-Based**<br>**Compensation** | **Non-Recurring Acquisition and**<br>**Realignment**<br>**Costs (1)** | **Other**<br>**(Income)**<br>**Expense (2)** | **(Benefit)**<br>**Provision**<br>**for Taxes** |<br>**Adjusted**<br>**EBITDA\*** |
| **Three Months Ended June 30, 2025** |  |  |  |  |  |  |  |
| Operations – PodcastOne | $(1054) | $152 | $1465 | $17 | $- | $- | $580 |
| Operations – Slacker | 217 | 71 | 92 | (10) | (561) |  | (191) |
| Operations – Other | (991) | 66 | 181 |  | 29 |  | (715) |
| Corporate | (2036) | - | (282) | 470 | 362 | - | (1486) |
| Total | $(3864) | $289 | $1456 | $477 | $(170) | $- | $(1812) |
| **Three Months Ended June 30, 2024** |  |  |  |  |  |  |  |
| Operations – PodcastOne | $(1366) | $619 | $394 | $37 | $- | $- | $(316) |
| Operations – Slacker | 3352 | 750 | 505 | 146 | 672 |  | 5425 |
| Operations – Other | (1391) | 217 | 318 | 197 | 31 |  | (628) |
| Corporate | (2152) | 2 | 483 | 19 | 21 | 49 | (1578) |
| Total | $(1557) | $1588 | $1700 | $399 | $724 | $49 | $2903 |

---

(1) Non-Recurring Acquisition and Realignment Costs include non-cash GAAP purchase accounting adjustments for certain deferred revenue and costs, legal, accounting and other professional fees directly attributable to acquisition activity, employee severance payments and third party professional fees directly attributable to acquisition or corporate realignment activities, and certain non-recurring expenses associated with legal settlements or reserves for legal settlements in the period that pertain to historical matters that existed at acquired companies prior to their purchase date

(2) Other (income) expense above primarily includes interest expense and change in fair value of derivative liabilities. These are included in the statement of operations in other income (expense) and are an add back to net loss above in the reconciliation of Adjusted EBITDA\* to loss.

\* See the definition of Adjusted EBITDA under "About Non-GAAP Financial Measures" within this release.

**LiveOne, Inc.**

**Reconciliation of Non-GAAP Measure to GAAP Measure**

**Contribution Margin\* Reconciliation (Unaudited)**

***(In thousands)***

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** |
|  | **June 30,** | **June 30,** |
|  | **2025** | **2024** |
| **Revenue:** | $19207 | $33078 |
| Less: |  |  |
| Cost of sales | (16825) | (25087) |
| Amortization of developed technology | (212) | (775) |
| &nbsp;&nbsp;&nbsp;**Gross Profit** | **2170** | **7216** |
| **Add back share-based compensation:** | 1020 | 315 |
| **Add back depreciation expense:** | 23 | 37 |
| **Add back amortization of developed technology:** | 212 | 775 |
| &nbsp;&nbsp;&nbsp;**Contribution Margin\*** | $**3425** | $**8343** |

---

\* See the definition of Contribution Margin under "About Non-GAAP Financial Measures" within this release.

**##END##**

## Exhibit 99.2

**Exhibit 99.2**

**LiveOne (Nasdaq: LVO) to Announce Its First Quarter Fiscal Year 2026 Financial Results and Host Investor Webcast on August 13, 2025, at 10:00 am Eastern Time (7:00 am Pacific Time)**

LOS ANGELES, Aug. 11, 2025 -- LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment, and technology platform, plans to announce its operating and financial results for the first quarter of its fiscal year ending March 31, 2026 ("Q1 Fiscal 2026") and host an investor webcast to discuss the results on Wednesday, August 13, 2025.

To access the call, please use the following information:

---

| | |
|:---|:---|
| **First Quarter Fiscal Year 2026 Earnings Conference Call** | **First Quarter Fiscal Year 2026 Earnings Conference Call** |
| **Date**: | Wednesday, August 13, 2025 |
| **Time:** | 10:00 AM Eastern Time (7:00 AM Pacific Time) |
| **Webcast Link**: | https://events.q4inc.com/attendee/432398509 |
| **Dial-in:** | (800) 715-9871 |
| **International Dial-in**: | +1 (646) 307-1963 |
| **Conference Code:** | 2892444 |

---

**About LiveOne**

**Forward-Looking Statements**

All statements other than statements of historical facts contained in this press release are "forward-looking statements," which may often, but not always, be identified by the use of such words as "may," "might," "will," "will likely result," "would," "should," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "continue," "target" or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: LiveOne's reliance on its largest OEM customer for a substantial percentage of its revenue; LiveOne's ability to consummate any proposed financing, acquisition, spin-out, special dividend, merger, distribution or transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; LiveOne's ability to continue as a going concern; LiveOne's ability to attract, maintain and increase the number of its users and paid members; LiveOne identifying, acquiring, securing and developing content; LiveOne's ability to implement its recently announced crypto treasury strategy and/or purchase crypto assets from time to time pursuant to such strategy, including for the maximum announced amount; LiveOne's intent to repurchase shares of its and/or PodcastOne's common stock from time to time under LiveOne's announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne's ability to maintain compliance with certain financial and other covenants; LiveOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management's relationships with industry stakeholders; LiveOne's ability to extend and/or refinance its indebtedness and/or repay its indebtedness when due; LiveOne's ability to satisfy the conditions for closing on its announced additional convertible debentures financing; uncertain and unfavorable outcomes in legal proceedings and/or LiveOne's ability to pay any amounts due in connection with any such legal proceedings; significant legal, commercial, regulatory and technical uncertainty and risks related to Bitcoin, Ethereum and other digital assets; regulatory developments related to crypto assets and crypto asset markets; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of LiveOne's subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in LiveOne's Annual Report on Form 10-K for the fiscal year ended March 31, 2025, filed with the U.S. Securities and Exchange Commission (the "SEC") on July 15, 2025, and in LiveOne's other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and LiveOne disclaims any obligation to update these statements, except as may be required by law. LiveOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

**LiveOne Press Contact:**

press@liveone.com

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