LiveOne, Inc.
LiveOne, Inc. is a creator-first music, entertainment and technology company that monetizes live music, podcasts, streaming audio/video and related fan experiences through memberships, advertising, events and commerce. Its platform combines the LiveOne music service, Slacker-powered streaming, PodcastOne, and personalized merchandise operations to turn superfans into recurring users and buyers.
Fiscal year 2026 · change from previous year
Development 2021–2026
Business
Share of revenueSubscription and ad-supported music streaming, radio, and premium fan content under LiveOne and Slacker.
PodcastOne audio/video content, podcast monetization, and FAST channel distribution.
Live and virtual concerts, PPV access, tipping, sponsorships, and related event services.
CPS personalized products, gifts, jewelry, and wholesale/direct-to-consumer merchandise.
Music publishing, artist and brand development, and related ancillary services.
Products
Reported · share of revenue- Advertising79.9 %
- Paid User Services15.5 %
- Merchandising Revenue4.6 %
Source: 10-K FY2026, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
LiveOne sells to individual music fans, paid members, and ad-supported users who want access to live events, streaming audio, podcasts and exclusive content. It also serves OEM and platform partners such as automotive and device ecosystems, plus advertisers, sponsors, festival owners and content licensors that help monetize the audience. CPS adds wholesale and direct-to-consumer buyers seeking personalized gifts and seasonal merchandise.
Individuals using LiveOne/Slacker for streaming music, radio, and premium content; they buy for convenience, exclusivity, and live access.
Automotive and device partners that embed LiveOne music access in dashboards or platforms to enhance in-car and connected-device experiences.
Brands buying ad inventory, sponsorships, and event integrations to reach music and podcast audiences.
Listeners and independent podcasters using PodcastOne and LaunchpadOne for distribution, hosting, and monetization.
Consumers and wholesale customers purchasing personalized gifts, jewelry, and seasonal products from CPS.
Strategy
LiveOne’s strategy is to grow a flywheel of integrated services that monetize superfans across streaming, podcasts, live events, and merchandise. Management is also emphasizing acquisitions, platform investment, and a crypto asset treasury strategy, while trying to convert OEM listeners into direct subscribers and expand internationally over time.
Direct subscribers improve retention, economics, and control versus partner-dependent distribution.
Cross-selling music, podcasts, events and merchandise increases lifetime value per fan.
Acquisitions can add content, users and monetization channels, but require capital and execution.
International growth could reduce dependence on a concentrated domestic revenue base.
Geography
LiveOne says its principal operations and decision-making are in North America, and it reported that all material revenue came from customers located in the United States in fiscal 2025. The company also streams live events globally and has stated it is developing plans to expand its music presence internationally, but the current revenue base remains heavily U.S.-centric. That concentration makes the business more exposed to U.S. consumer demand, partner behavior, and domestic licensing/regulatory conditions.
Risks
LiveOne is exposed to customer concentration, with one OEM customer representing a large share of revenue in recent periods, so partner changes can quickly move results. The business also depends on brand strength, content licensing, cybersecurity, and the ability to convert platform users into paid subscribers at acceptable economics. Because it operates across streaming, events, and merchandise, it faces both digital-media competition and execution risk from managing multiple monetization models at once.
- Customer concentrationImpact: HighLikelihood: Medium
One OEM customer represented a large portion of revenue, so any loss or reduction would materially affect results.
Exposure: OEM distribution and in-car music access
- Content licensing and rights costsImpact: HighLikelihood: Medium
Streaming and live events require music copyrights, publishing rights and artist/festival agreements.
Exposure: Music streaming and live event monetization
- Brand and user retentionImpact: MediumLikelihood: Medium
The company must maintain strong brands to attract users, advertisers and content partners.
Exposure - CybersecurityImpact: MediumLikelihood: Medium
The platform processes personal and proprietary data and could be disrupted by attacks or breaches.
Exposure - Execution and capital allocationImpact: MediumLikelihood: Medium
Acquisitions, platform buildout and crypto treasury initiatives may require additional capital and management attention.
Exposure: Growth investments and debt/equity funding
Accounting
Judgemental itemsDifferent revenue streams have different timing and performance obligations, affecting when revenue is recorded.
Impact: Subscriptions, advertising, live events and merchandise
Management tests goodwill annually and when indicators arise; assumptions can trigger charges.
Impact: Media Group goodwill was impaired in fiscal 2025
Fair value changes can create non-cash gains or losses and affect leverage optics.
Impact: Convertible notes, debentures and related instruments
Customer collectability affects net revenue and working capital quality.
Impact: Advertising, licensing and partner receivables
Settlements and disputes can materially affect expenses and liabilities.
Impact: Content, licensing and commercial agreements
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Last updated: 24/09/2026