LiveOne raises 2026 cost savings target to USD 7.5 million and payables conversion target to USD 13 million+

Reuters03-18

LiveOne raises 2026 cost savings target to USD 7.5 million and payables conversion target to USD 13 million+

LiveOne raised its 2026 cost savings target to more than USD 7.5 million from USD 5 million, with USD 3.5 million completed. The company increased its payables conversion target to more than USD 13 million from USD 11 million at USD 7.50 per share, with USD 5 million completed. LiveOne said it reduced its workforce to 78 from 350, including a 19% reduction this quarter. It also reported an additional USD 1.5 million in Custom Personalization Solutions savings expected by year-end. The company said it has about USD 5.7 million remaining under its share repurchase plan and acquired more than 900,000 shares of PodcastOne.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LiveOne Inc. published the original content used to generate this news brief on March 18, 2026, and is solely responsible for the information contained therein.

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