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Company’s Audio Division Delivers First Six Months Revenue of $42 Million and Adjusted EBITDA of $9.8 Million Company Updates Guidance for Fiscal 2023 of Revenue Between $100 Million - $110 Million and Adjusted EBITDA of Between $9 Million - $11.5 Million $2 Million of Additional Cost and Expense Reductions Bringing Total to Over $25 Million in Fiscal 2023 Expects to File S-1 for PodcastOne Spin-Out by December 15, 2022 Company Increases Stock Repurchase Program By Up to an Additional $2 Million Worth of Shares of Common Stock LiveOne’s Senior Management Will Host a Live Conference Call and Audio Webcast Beginning at 5:00 P.M. ET Thursday, November 10, 2022

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