LiveOne, Inc. Revenue Disclosure
Note 3 — Revenue
The following table represents a disaggregation of revenue from contracts with customers for the years ended March 31, 2026 and 2025 (in thousands):
| Year Ended March 31, | ||||||||
| 2026 | 2025 | |||||||
| Revenue | ||||||||
| Paid user services | $ | 11,972 | $ | 56,939 | ||||
| Advertising | 61,616 | 52,285 | ||||||
| Merchandising | 3,556 | 5,181 | ||||||
| Sponsorship and Licensing | - | - | ||||||
| Ticket/Event | - | - | ||||||
| Total Revenue | $ | 77,144 | $ | 114,405 | ||||
For some contracts, the Company may invoice up front for services recognized over time or for contracts in which the Company has unsatisfied performance obligations. Payment terms and conditions vary by contract type, although terms generally cover monthly payments. In the circumstances where the timing of invoicing differs from the timing of revenue recognition, the Company has determined its contracts do not include a significant financing component. The Company has elected to apply the practical expedient under ASC 606-10-50-14 and not provide disclosure of the amount and timing of performance obligations as the performance obligations are part of a contract that has an original expected duration of one year or less.
For the years ended March 31, 2026 and 2025, customer accounted for 7% and 45% of our consolidated revenues, respectively.
The following table summarizes the significant changes in contract liabilities (deferred revenue) balances during the years ended March 31, 2026 and 2025 (in thousands):
| Contract Liabilities | ||||
| Balance as of April 1, 2024 | $ | 728 | ||
| Revenue recognized that was included in the contract liability at beginning of the year | (302 | ) | ||
| Increase due to cash received, excluding amounts recognized as revenue during the year | 1,715 | |||
| Balance as of March 31, 2025 | 2,141 | |||
| Revenue recognized that was included in the contract liability at beginning of the year | (361 | ) | ||
| Increase due to cash received, excluding amounts recognized as revenue during the year | 9 | |||
| Balance as of March 31, 2026 | $ | 1,789 | ||
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Jun 29, 2026 | Showing above |
| 2025 | Jul 15, 2025 | |
| 2024 | Jul 1, 2024 | |
| 2023 | Jun 29, 2023 | |
| 2022 | Jun 29, 2022 | |
| 2021 | Jul 14, 2021 | |
| 2020 | Jun 26, 2020 | |
| 2019 | Jun 24, 2019 | |
| 2017 | Jun 14, 2017 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.