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LiveOne, Inc. (NASDAQ: LVO) is a leading, creator-first music, entertainment, and technology platform, headquartered in Los Angeles, California. Formerly known as LiveXLive Media, Inc., the company is dedicated to delivering premium live music experiences and music-related video content to audiences worldwide. With subsidiaries like Slacker Radio and PodcastOne, LiveOne has established itself as a pioneer in the live streaming and audio content industry.
Since its inception in 2015, LiveOne has streamed performances from over 200 of the world’s biggest artists at renowned festivals such as Rock in Rio and the Outside Lands Music and Arts Festival. The platform offers a diverse range of content, including live streamed concerts, on-demand music videos, original shows, artist exclusives, and in-depth industry interviews.
The company operates through two primary segments: Audio and Media. The Audio segment, which includes Slacker Radio, is a significant revenue driver, offering personalized radio and curated stations. In addition, LiveOne's recent initiatives include the launch of Drumify 3.0, a subscription model designed to convert a large portion of its user base into recurring subscribers, enhancing customer lifetime value and overall revenue.
LiveOne has formed strategic partnerships to expand its reach and diversify its revenue streams. Notably, its decade-long collaboration with Tesla has resulted in substantial growth, with Tesla members increasing by 33% year over year. The company continues to focus on developing new B2B relationships to enhance its financial stability.
Financially, LiveOne has projected strong growth, with expectations of exceeding 1 million members by 2024 and significant increases in revenue from various segments. The company's innovative approach has earned it multiple awards, including the Best Live Moment award by Digiday for the
LiveOne (LVO) reported financial results for Q3 Fiscal 2025, with record 9-month revenues of $95.1M. The Audio Division achieved record revenue of $90.6M, up 13% YoY, with Q3 revenue at $27.1M. The company maintains $10.9M in cash as of December 31, 2024, and has implemented cost savings of $11M through restructurings.
Key highlights include 800K Tesla subscribers (475K+ ad-supported), $44M in contracted revenue and B2B deals, and a $12M buyback program with $6.2M remaining. LiveOne owns ~72% of PodcastOne (PODC) and acquired 342,000 PODC shares this quarter at an average price of $2.37.
However, Q3 Fiscal 2025 showed some challenges with revenue decreasing 6% to $29.4M compared to $31.2M in the prior year. Operating loss increased to $5.1M from $0.8M in Q3 Fiscal 2024. The company updated its FY2025 guidance to consolidated revenue of $112M-$120M and Adjusted EBITDA of $6M-$10M.
LiveOne (NASDAQ: LVO) has announced the successful launch of SMYLE Coffee, a collaboration with multi-platinum rapper KYLE, who brings 4M monthly Spotify listeners and 6+M social media followers to the venture. The initial product run, launched last Friday, has already sold out completely. The coffee is available in two varieties - Cheeky and Ear-to-Ear, sold in 12 oz bags through SmyleCoffee.com. Additional inventory is expected to be restocked on the product's website.
LiveOne (LVO) has announced it will release its Q3 FY2025 financial results on Friday, February 14, 2025. The company will host a live conference call and audio webcast at 10:00 AM ET / 7:00 AM PT on the same day, where senior management will provide a business update and discuss operating and financial results for the quarter ended December 31, 2024.
The company has provided multiple ways to access the event, including toll-free and international dial-in numbers for USA and Canada participants. A replay service will be available until March 16, 2025, and interested parties can also join via webcast through a dedicated attendee URL.
LiveOne (LVO) has partnered with Telly to enhance home entertainment through dual-screen integration. LiveOne becomes the first dual-screen-enabled audio app on Telly's free smart TVs, allowing users to enjoy music or podcasts on the secondary 'Smart' display while watching content on the primary 'Theater' display. The integration features LiveOne as the default music provider, offering voice-activated, account-free music playback through Telly's built-in Harman Kardon soundbar system.
The partnership includes advertising innovations through Telly's Advertising SDK, enabling ad delivery on the Smart display during music playback and transitioning audio ads to video impressions when users switch to the Theater display. Telly reports achieving 2X the daily engagement of traditional TVs, with music being one of its most popular features.
LiveOne (Nasdaq: LVO) announced that its Chairman and CEO, Robert Ellin, will present a business update at Trump Mar-a-Lago, Florida, on January 31st, 2025. The company reported significant growth metrics, including a 55% increase in Tesla users, now exceeding 700,000+, with 350,000+ being ad-supported users.
The creator-first music, entertainment, and technology platform has secured $40+ million in new B2B partnerships, including a collaboration with Amazon. LiveOne's B2B pipeline has expanded to include over 70 companies, marking substantial business development progress.
LiveOne (Nasdaq: LVO) announced that its Chairman and CEO, Robert Ellin, will present a business update at Trump Mar-O-Lago, Florida, on January 31st, 2025. The presentation will highlight significant growth metrics, including a 55% increase in Tesla users, now exceeding 700,000+, with 350,000+ being ad-supported users.
The company, which operates as a creator-first music, entertainment, and technology platform, has secured $40+ million in new B2B partnerships, including a collaboration with Amazon. LiveOne's B2B pipeline has expanded to include over 70 companies, marking substantial business growth and market penetration.
LiveOne (LVO) has announced significant growth in its Tesla partnership, reaching over 600,000 Tesla users, marking a 33% increase since January 1st. The company revealed that more than 275,000 of these users are on the ad-supported tier. In addition, LiveOne has secured $40+ million in B2B partnerships over the past 60 days and expanded its B2B pipeline to include over 70 companies.
The company is leveraging AI and data mining capabilities to monetize its user database. CEO Robert Ellin highlighted the company's cross-device music experience and expressed confidence in signing additional partnerships throughout the year, emphasizing the scalable growth potential and new revenue streams from their business model.
LiveOne (NASDAQ: LVO) announced significant financial improvements and strategic initiatives. The company has achieved over $10 million in cash savings, extended $5 million in payables to long-term (including Sound Exchange), and paid off a $2.75 million East West Bank credit line. The company plans to allocate these savings toward strategic growth initiatives, including:
- Converting more Tesla subscribers
- Expanding B2B partnerships, including a recently announced $25+ million deal with a Fortune 500 company
- Expanding original IP content
- Enhancing music partnerships
- Monetizing data business through AI integration
LiveOne (NASDAQ: LVO) has announced reaching over 500,000 Tesla users through their partnership, with projections to exceed 550,000 users by February 1st. The expansion includes 150,000+ new ad-supported subscribers as the company begins broader rollout to Tesla vehicles this week.
The company is leveraging AI and data mining to create new revenue streams from its growing user database. CEO Robert Ellin highlighted strong conversion rates among Tesla subscribers and expressed confidence in securing additional B2B partnerships. LiveOne anticipates generating $25M+ in revenues from partnerships with major companies including Spotify, Apple, Samsung, iHeart, Facebook, TikTok, and upcoming collaborations with Fortune 500 media conglomerates.
LiveOne (NASDAQ: LVO), a music, entertainment, and technology platform, has reached a milestone of 500,000+ Tesla users. The platform projects to surpass 550,000 users by February 1st, including over 150,000 new ad-supported subscribers. Initially rolled out to Tesla subscribers, the partnership will expand rapidly starting this week.
Robert Ellin, Chairman and CEO, expressed excitement over the high conversion rate of Tesla subscribers to LiveOne. The company is leveraging AI and data mining to monetize its database and unlock new revenue streams. This milestone is seen as a stepping stone to securing additional B2B partnerships. LiveOne has existing partnerships with Spotify, Apple, Samsung, iHeart, Facebook, and TikTok, and anticipates new partnerships with Fortune 500 media conglomerates, which are expected to generate over $25 million in revenues.
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