LiveOne Targets $10M EBITDA as PodcastOne Growth and Cost Cuts Reshape Operations
LiveOne said it posted quarterly revenue above $19 million and EBITDA above $6 million after restructuring and cost reductions, and it expects full-year EBITDA of $8 million to $10 million. PodcastOne generated $16 million in quarterly revenue and $1.6 million of EBITDA, with guidance of $85 million to $90 million revenue and $8 million to $10 million EBITDA. The company cut more than 100 Social Gloves positions and plans to focus on celebrity brands tied to its podcast, music and boxing talent.