LiveOne (NASDAQ: LVO) corrected a press release issued on April 29, 2026, stating that all references to fiscal 2026 should have read fiscal 2027.

The music and entertainment platform provided updated guidance for its fiscal year ending March 31, 2027, projecting revenue of $82 million to $90 million and adjusted EBITDA of $5 million to $10 million, excluding corporate overhead.

LiveOne completed more than $15 million in payables conversions into common stock at $7.50 per share. The company expects all key subsidiaries to achieve positive adjusted EBITDA for fiscal 2027, excluding corporate overhead.

The company signed multi-year extensions with music partners ASCAP, BMI, Merlin and Warner Music. LiveOne projects its Custom Personalization Solutions subsidiary restructuring will generate $3.5 million in revenue and more than $600,000 in cash flow for fiscal 2027.

LiveOne continues its share repurchase program with more than $5 million remaining available for purchases.

"I'm very pleased with our recent efforts to secure agreements with our key music partners and strengthen our balance sheet as we continue to position LiveOne for sustained profitability and growth," said Robert Ellin, chairman and CEO.

The Los Angeles-based company operates music streaming, podcasting and live events platforms through subsidiaries including Slacker, PodcastOne, and LiveXLive.