LiveOne completes $45 million restructuring, reduces workforce to 95

LiveOne (NASDAQ: LVO) announced it has completed a $45 million restructuring initiative and reduced its workforce from over 300 employees to 95, according to a stockholder letter from CEO Robert Ellin.

The music and entertainment technology company completed a $10 million common stock equity financing at $7.50 per share and eliminated $14 million in short-term liabilities. LiveOne repurchased $6.5 million in stock, with $5.5 million remaining in its buyback program.

The company reported $18 million in cash, including $5 million in Bitcoin holdings. LiveOne's board approved up to $500 million in treasury authorization to expand its crypto asset strategy and is working with Arca on a Bitcoin yield strategy.

LiveOne closed six business-to-business deals generating $50 million in revenue, including partnerships with Amazon, TextNow, and a Fortune 250 streaming company. The company has 72 potential B2B deals in its pipeline and surpassed 1.3 million total members, including over one million Tesla users.

Subsidiary PodcastOne (NASDAQ: PODC) reported preliminary first quarter fiscal 2026 adjusted EBITDA of over $1 million, a 348% year-over-year increase, and revenue of $14.5 million, up 19% from the prior year. PodcastOne raised guidance to $55-60 million in revenue and $4.5-6 million in adjusted EBITDA for fiscal 2026.

LiveOne sold three podcasts to streaming platforms and has 10 additional shows in development. The company completed a reverse stock split to maintain its Nasdaq listing.

CEO Ellin and other senior management committed to purchasing up to $3 million worth of LiveOne shares, stating the stock trades at a discount to industry peers.

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