LiveOne (Nasdaq: LVO) Announces First Time Slacker Radio Guidance of $80M in Revenue and $20M in Adjusted EBITDA for Fiscal Year 2025, Beginning April 1st, 2024
- Over 3.6 million memberships for Slacker Radio, with 760,000 new members added year-over-year.
- Revenue for Slacker Radio has surged by 225% post-acquisition, reaching over $65 million in Fiscal Year 2024.
- Adjusted EBITDA for Slacker Radio is expected to be $15 million in Fiscal Year 2024, a significant improvement from a $10 million loss before the acquisition.
- Current pipeline expansion to over 50 potential B2B partnerships showcases growth potential.
- Utilization of AI technology continues to attract Fortune 500 companies to Slacker Radio's lean back experience.
- None.
Insights
The membership growth reported by Slacker Radio is a significant indicator of the company's market penetration and customer acquisition strategy effectiveness. The 800% increase in memberships and the 225% revenue growth since the acquisition are indicative of successful scaling and product-market fit. The addition of 760,000 new members year-over-year suggests a robust growth trajectory, which is critical for investors assessing the company's future revenue potential.
Moreover, the shift from a loss of $10M to a projected $15M in adjusted EBITDA reflects a substantial improvement in operational efficiency and financial management. This turnaround is particularly noteworthy for stakeholders as it demonstrates the company's ability to not only drive top-line growth but also to translate that into bottom-line profitability.
The current pipeline of over 50 potential B2B partnerships, especially with Fortune 500 companies, could further diversify revenue streams and solidify Slacker Radio's position in the competitive streaming industry. The mention of 'Lean Back Experience' utilizing AI technology suggests an innovative approach to user engagement that could be a differentiating factor in retaining memberships and attracting new users.
From a financial perspective, the reported increase in revenue and adjusted EBITDA is a strong signal to the market, possibly affecting LiveOne's stock valuation. The significant year-over-year growth in memberships and revenue, coupled with a positive EBITDA, could lead to a re-rating of the company's shares by analysts. The financials suggest operational leverage is at play, with increased scale leading to better margins.
Investors would also be interested in the sustainability of this growth, considering the competitive nature of the digital streaming market. The ability to continue growing at this rate will depend on Slacker Radio's capacity to innovate and maintain its competitive edge through AI technology and strategic partnerships. The forward-looking statement about the pipeline of B2B partnerships indicates potential future revenue streams, which could be a key driver for long-term growth.
The integration of AI technology in Slacker Radio's offerings is a strategic move, likely contributing to the 'Lean Back Experience' that resonates with users and B2B partners. The use of AI for personalized music experiences can be a significant value proposition in a crowded market dominated by players like Spotify and Apple Music. The emphasis on AI suggests that Slacker Radio is investing in technology to improve its service and retain its user base.
For investors, the technology aspect is crucial as it can lead to sustainable competitive advantages and scalability. The potential partnerships with Fortune 500 companies could also indicate that Slacker Radio is targeting a niche segment of the market, which may have been underserved by its competitors. This could result in a more stable and predictable revenue stream, compared to the more volatile consumer market.
- Slacker Radio Added Another 50,000 Memberships in February. Memberships Now Exceed 3.6M with 760,000 New Members Added Year-Over-Year. Memberships have Grown over
- Slacker Radio Revenue has Increased
- Slacker Radio Adjusted EBITDA is on Pace for
- Increases Current Pipeline to Over 50 Potential B2B Partnerships as Slacker Radio’s Lean Back Experience Utilizing AI Technology Continues to Resonate with Fortune 500 Companies
LOS ANGELES, CA, Feb. 29, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- LiveOne (Nasdaq: LVO)
About LiveOne, Inc.
LiveOne, Inc. is an award-winning, creator-first, music, entertainment, and technology platform delivering premium experiences and content worldwide. With subsidiaries like Slacker Radio and PodcastOne, LiveOne has garnered accolades for its innovative approach, including the Best Live Moment award by Digiday for the "Social Gloves" PPV Event.
Forward-Looking Statements
All statements other than statements of historical facts contained in this press release are “forward-looking statements,” which may often, but not always, be identified by the use of such words as “may,” “might,” “will,” “will likely result,” “would,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “continue,” “target” or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: the Company’s reliance on one key customer for a substantial percentage of its revenue; the Company’s ability to consummate any proposed financing, acquisition, spin-out, special dividend, merger, distribution or transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; the Company’s ability to continue as a going concern; the Company’s ability to attract, maintain and increase the number of its users and paid members; the Company identifying, acquiring, securing and developing content; the Company’s intent to repurchase shares of its common stock from time to time under its announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; the Company’s ability to maintain compliance with certain financial and other covenants; the Company successfully implementing its growth strategy, including relating to its technology platforms and applications; management’s relationships with industry stakeholders; the effects of the global Covid-19 pandemic; uncertain and unfavorable outcomes in legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of the Company’s subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2023, filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 29, 2023, Quarterly Report on Form 10-Q for the quarter year ended June 30, 2023, filed with the SEC on August 15, 2023, and in the Company’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and the Company disclaims any obligation to update these statements, except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.
For media inquiries, please contact:
LiveOne IR Contact :
Liviakis Financial Communications, Inc.
(415) 389-4670
john@liviakis.com
LiveOne Press Contact :
LiveOne
press@liveone.com
Follow LiveOne on social media: Facebook, Instagram, TikTok, YouTube, and Twitter at @liveone.
FAQ
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