LiveOne raises 2026 cost savings target to $7.5M, workforce down 19%
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LiveOne (Nasdaq: LVO) Raises 2026 Cost Savings Target from $5M to $7.5M ($3.5M Completed); Increases Payables Conversion Target from $11M to $13M+ at $7.50 per share ($5M Completed)
March 18, 2026 8:45 AM EDTDeploys AI (Anthropic Claude, OpenAI) to Slash Costs, Reduce Workforce from 350 to 78 (~19% Reduction this Quarter), Drive All Subsidiaries to Positive Adjusted EBITDA*
Additional ~$1.5M CPS savings expected by year-endLaunching two new Fortune 500 B2B partnerships reaching 100M+ monthly subscribers~$5.7M remaining under share repurchase planAcquired 900k+ shares of PodcastOne (Nasdaq: PODC)LOS ANGELES, March 18, 2026 (GLOBE NEWSWIRE) -- LiveOne, Inc. (Nasdaq: LVO), a creator-first, music,... More
