LiveOne cuts additional $5M in costs through AI deployment
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LiveOne (Nasdaq: LVO) Deployed Claude and other Proprietary AI Initiatives to Slash an Additional $5M+ of Costs Since December
February 25, 2026 8:00 AM ESTReduced headcount from 350 to 84, including 12+% this quarter
Eliminated ~$14M in liabilities, repaying $3M of debt and converting $11M+ into equity at $7.50 per share, aligning musicians, podcasters, and key talent as major shareholders while strengthening the balance sheet
LOS ANGELES, Feb. 25, 2026 (GLOBE NEWSWIRE) -- LiveOne, Inc. (Nasdaq: LVO), a creator-first music, entertainment and technology platform, today announced continued execution of its strategic cost-reduction initiatives expected to strengthen its balance sheet and improve operating leverage.
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