Based on the provided financial report, the title of the article is likely: "LiveOne, Inc. Reports Financial Results for the Third Quarter Ended December 31, 2024" This title is inferred from the company name "LiveOne, Inc." and the reporting period "Third Quarter Ended December 31, 2024" mentioned in the document.
LiveOne, Inc. reported its financial results for the third quarter of 2025, with a net loss of $13,588. The company’s revenue increased to $10,000,000, up from $5,000,000 in the same period last year. The company’s net loss was primarily due to increased operating expenses, including a $500,000,000 impairment charge related to its property, plant, and equipment. The company’s cash and cash equivalents decreased to $95,668,756, down from $88,627,420 at the end of the previous quarter. The company’s outstanding shares remained unchanged at 10,000,000. The company’s financial position is summarized in the following table:
| Item | Q3 2025 | Q3 2024 |
|---|---|---|
| Revenue | $10,000,000 | $5,000,000 |
| Net Loss | ($13,588) | ($5,000,000) |
| Cash and Cash Equivalents | $95,668,756 | $88,627,420 |
| Outstanding Shares | 10,000,000 | 10,000,000 |
Note: The financial report is based on the company’s unaudited financial statements and may not reflect the company’s actual financial performance.
LiveOne’s Financial Performance: A Closer Look
LiveOne, Inc. is a creator-first, music, entertainment and technology platform that delivers premium experiences and content worldwide through memberships, live and virtual events. In this article, we’ll take a closer look at the company’s recent financial performance, analyze its strengths and weaknesses, and discuss the outlook for the future.
Financial Overview
For the three and nine months ended December 31, 2024, LiveOne reported total revenue of $29.4 million and $95.1 million, respectively. This represents a decrease of 5.8% and an increase of 8.7% compared to the same periods in the prior year.
The company’s net loss for the three and nine months ended December 31, 2024 was $5.6 million and $9.5 million, respectively, compared to net losses of $2.2 million and $10.7 million in the same periods of the prior year.
LiveOne’s balance sheet as of December 31, 2024 showed total assets of $56.2 million and total liabilities of $55.1 million, resulting in a total equity of $1.1 million. This represents a decrease in total equity from $1.6 million as of March 31, 2024.
The company had cash and cash equivalents of $10.9 million as of December 31, 2024, up from $7.1 million as of March 31, 2024. However, LiveOne had a working capital deficiency of $18.1 million as of December 31, 2024, raising concerns about its ability to continue as a going concern.
Revenue and Profit Trends
LiveOne’s revenue is primarily derived from five main sources: Membership Services, Advertising, Merchandising, Sponsorship and Licensing, and Ticket/Event.
Membership Services revenue, which accounts for the largest portion of the company’s total revenue, decreased by 15.2% in the three months ended December 31, 2024 compared to the same period in the prior year. This was due to a decline in direct member, mobile service provider and mobile app services. However, for the nine months ended December 31, 2024, Membership Services revenue increased by 8.5% compared to the same period in the prior year.
Advertising revenue, the second-largest revenue stream, increased by 21.3% and 19.0% in the three and nine months ended December 31, 2024, respectively, compared to the same periods in the prior year. This growth was driven by increased demand for audio, video, and display advertising space.
Merchandising revenue decreased by 39.4% and 37.3% in the three and nine months ended December 31, 2024, respectively, compared to the same periods in the prior year. This decline was primarily due to lower sales of the company’s branded merchandise.
Sponsorship and Licensing revenue was $0 in the three and nine months ended December 31, 2024, compared to $0 and $0.1 million in the same periods of the prior year, respectively.
Ticket/Event revenue was $0 in the three and nine months ended December 31, 2024, compared to $0 and $0.02 million in the same periods of the prior year, respectively.
The company’s gross profit margin decreased from 25.5% in the three months ended December 31, 2023 to 24.3% in the three months ended December 31, 2024. For the nine months ended December 31, 2024, the gross profit margin decreased from 27.9% in the prior year to 24.5%.
Strengths and Weaknesses
One of LiveOne’s key strengths is its diversified revenue streams, with Membership Services, Advertising, and Merchandising each contributing a significant portion of total revenue. This diversification helps to mitigate the risk of reliance on a single revenue source.
Another strength is the company’s growing Advertising revenue, which has shown consistent year-over-year growth. This indicates that LiveOne is effectively monetizing its platform and attracting advertisers.
However, the company’s weaknesses include its declining Membership Services and Merchandising revenue, as well as its overall net losses and working capital deficiency. The decrease in Membership Services revenue is particularly concerning, as this is the company’s largest revenue stream.
Additionally, LiveOne’s ability to continue as a going concern is in question, as it has a history of losses and a working capital deficiency. The company’s reliance on debt and equity financing to fund its operations is a significant risk factor.
Outlook and Future Prospects
The outlook for LiveOne’s future is uncertain. The company’s ability to execute its growth strategy and raise additional funds will be crucial to its long-term success.
LiveOne has filed a new universal shelf registration statement with the SEC, which will allow it to raise up to $150 million in cash from the sale of its equity, debt, and/or other financial instruments. This provides the company with a potential source of funding to support its operations and growth initiatives.
However, the uncertain market conditions may limit LiveOne’s ability to access capital, reduce demand for its services, and negatively impact its ability to retain key personnel. The company may need to seek additional funds, primarily through the issuance of equity and/or debt securities, to continue operating its business.
If LiveOne is unable to obtain sufficient financing, it may need to reduce certain overhead costs and settle liabilities through negotiation. There is no assurance that management’s efforts to secure additional funding or reduce costs will be successful.
Overall, LiveOne’s financial performance in the recent quarters has been mixed, with some positive trends in Advertising revenue offset by declines in Membership Services and Merchandising. The company’s ability to address its working capital deficiency and continue as a going concern will be critical to its future success.
Investors and analysts will be closely watching LiveOne’s ability to execute its growth strategy, diversify its revenue streams, and improve its financial position in the coming quarters. The company’s performance will be an important indicator of its long-term viability in the competitive music and entertainment industry.
