Streaming audio company LiveOne said its ongoing investments in artificial intelligence helped the company eliminate more than 250 jobs last year.
The affirmation was made on Thursday as part of the company’s fiscal third quarter (Q3) financial earnings report for 2026, which coincides with calendar Q4 2025, during which the company saw lower revenue compared to the prior year but improved on its financial losses.
LiveOne ended its fiscal Q3 with $20.26 million in revenue, down 31 percent compared to the same period one year earlier, and logged a financial loss of $1.95 million, an improvement from the $5.11 million it lost twelve months prior.
Its cash burn was eased by stronger investments in artificial intelligence tools that allowed the company to “streamline” its workforce from 350 positions to just 88 by the end of the quarter, LiveOne said in its report.
LiveOne, formerly known as LiveXLive, is best known among consumers as the default streaming music service found in Tesla vehicles. Tesla drivers previously received a courtesy subscription to the company’s premium streaming music plan, which was subsidized by LiveOne. That perk ended in 2024, though Tesla drivers continue to receive discounted access to LiveOne’s premium offerings.
Many Tesla drivers are choosing to stream LiveOne content with ads, the company noted on Thursday, with more than 1.3 million streamers using the ad-supported plan. LiveOne’s ad-supported tier is available for free to anyone who downloads the app, even if they do not own a Tesla.
In addition to its streaming audio service, LiveOne owns a sizable stake in PodcastOne, which was spun out in September 2023. During its fiscal Q3, LiveOne sold the rights to three of its podcasts to “major TV and streaming platforms,” the company said, without disclosing which shows.
Moving forward, LiveOne said it is exploring a possible sale of a subsidiary business and working on a new business-to-business partnership that will allow it to reach more than 30 million monthly paying subscribers.
